MILUX - General Announcement
Announcement Type: General Announcement
Company Name: MILUX CORPORATION BERHAD
Stock Name: MILUX
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal during Closed Period pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.08(b) of Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, we wish to announce that the following persons (the "Affected Persons") have given notices of their intention to deal in the securities of the Company during the closed period in connection with the expected release of the Company's first quarter results for the financial period ended 30 November 2010 and the number of the ordinary shares held by the Affected Persons as at 27 December 2010 are as follows :-
Company Name: MILUX CORPORATION BERHAD
Stock Name: MILUX
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal during Closed Period pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.08(b) of Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, we wish to announce that the following persons (the "Affected Persons") have given notices of their intention to deal in the securities of the Company during the closed period in connection with the expected release of the Company's first quarter results for the financial period ended 30 November 2010 and the number of the ordinary shares held by the Affected Persons as at 27 December 2010 are as follows :-
LIONFIB - General Announcement
Announcement Type: General Announcement
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: LION FOREST INDUSTRIES BERHAD ("LIFB" or the "Company")
Lending by LFIB of up to RM100 million, the sum of which was advanced by Sabah Forest Industries Sdn Bhd ("SFI"), then a subsidiary of LFIB, to Lion Industries Corporation Berhad ("LICB"), the immediate holding company of LFIB, for financing required by Amsteel Mills Sdn Bhd ("AMSB"), a subsidiary of LICB
Contents: Reference is made to the announcement of the Company on 11 December 2003 in respect of the acceptance by LICB of the letter of offer dated 11 December 2003 of the lending by LFIB of a sum of up to RM100 million, which was advanced by SFI, to LICB which LICB in turn advanced to AMSB ("Financing"), based on the terms and conditions contained therein. The purpose of the Financing was for the completion of a meltshop by AMSB in Banting, Selangor. The Financing was approved by the shareholders of the Company on 18 June 2004.
Pursuant to the disposal of LFIB's 97.78% equity interest in SFI to Ballapur Paper Holdings BV in 2007, the Financing was novated by SFI to Intra Inspirasi Sdn Bhd ("Intra"), a subsidiary of LFIB.
The Board of Directors of LFIB is pleased to announce that LICB had on 27 December 2010 fully repaid the Financing to Intra.
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: LION FOREST INDUSTRIES BERHAD ("LIFB" or the "Company")
Lending by LFIB of up to RM100 million, the sum of which was advanced by Sabah Forest Industries Sdn Bhd ("SFI"), then a subsidiary of LFIB, to Lion Industries Corporation Berhad ("LICB"), the immediate holding company of LFIB, for financing required by Amsteel Mills Sdn Bhd ("AMSB"), a subsidiary of LICB
Contents: Reference is made to the announcement of the Company on 11 December 2003 in respect of the acceptance by LICB of the letter of offer dated 11 December 2003 of the lending by LFIB of a sum of up to RM100 million, which was advanced by SFI, to LICB which LICB in turn advanced to AMSB ("Financing"), based on the terms and conditions contained therein. The purpose of the Financing was for the completion of a meltshop by AMSB in Banting, Selangor. The Financing was approved by the shareholders of the Company on 18 June 2004.
Pursuant to the disposal of LFIB's 97.78% equity interest in SFI to Ballapur Paper Holdings BV in 2007, the Financing was novated by SFI to Intra Inspirasi Sdn Bhd ("Intra"), a subsidiary of LFIB.
The Board of Directors of LFIB is pleased to announce that LICB had on 27 December 2010 fully repaid the Financing to Intra.
PMETAL - General Announcement
Announcement Type: General Announcement
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interest in the securities of the Company as set out in the table below:
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interest in the securities of the Company as set out in the table below:
MTD - General Announcement
Announcement Type: General Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: MTD CAPITAL BHD ("MTD" OR "COMPANY")
- DESPATCH OF NOTIFICATION TO SHAREHOLDERS IN RELATION TO THE RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER DATED 20 DECEMBER 2010 FROM MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF NIKVEST SDN BHD, ALLOY CONSOLIDATED SDN BHD, ALLOY CONCRETE ENGINEERING SDN BHD AND ALLOY CAPITAL SDN BHD ("NOTICE")
Contents: We refer to our announcements dated 20 and 24 December 2010.
MTD wishes to announce that the Company has on 27 December 2010 posted the Notification to Shareholders in relation to the receipt of the Notice, to the shareholders of MTD.
This announcement is dated 27 December 2010.
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: MTD CAPITAL BHD ("MTD" OR "COMPANY")
- DESPATCH OF NOTIFICATION TO SHAREHOLDERS IN RELATION TO THE RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER DATED 20 DECEMBER 2010 FROM MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF NIKVEST SDN BHD, ALLOY CONSOLIDATED SDN BHD, ALLOY CONCRETE ENGINEERING SDN BHD AND ALLOY CAPITAL SDN BHD ("NOTICE")
Contents: We refer to our announcements dated 20 and 24 December 2010.
MTD wishes to announce that the Company has on 27 December 2010 posted the Notification to Shareholders in relation to the receipt of the Notice, to the shareholders of MTD.
This announcement is dated 27 December 2010.
GADANG - Notice of Intention to Deal During Closed Period
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal During Closed Period
Contents: Tan Sri Dato' Kok Onn, the Managing Director cum Chief Executive Officer of the Company, has given notice of his intention to deal in the securities of the Company during the closed period pending the Company's announcement of quarterly results for the period ended 30 November 2010. His current holdings of the securities are as follows:-
Direct Interest
a) 6,116,666 Ordinary Shares of RM1.00 each representing 3.11% of the total issued and paid-up share capital of the Company.
b) 611,666 Warrants 2010/2015 representing 3.11% of the total unexercised Warrants 2010/2015 of the Company.
Deemed interest through Meloria Sdn Bhd and Sumber Raswira Sdn Bhd.
a) 59,480,827 Ordinary Shares of RM1.00 each representing 30.24% of the total issued and paid-up share capital of the Company.
b) 4,303,431 Warrants 2010/2015 representing 21.88% of the total unexercised Warrants 2010/2015 of the Company.
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal During Closed Period
Contents: Tan Sri Dato' Kok Onn, the Managing Director cum Chief Executive Officer of the Company, has given notice of his intention to deal in the securities of the Company during the closed period pending the Company's announcement of quarterly results for the period ended 30 November 2010. His current holdings of the securities are as follows:-
Direct Interest
a) 6,116,666 Ordinary Shares of RM1.00 each representing 3.11% of the total issued and paid-up share capital of the Company.
b) 611,666 Warrants 2010/2015 representing 3.11% of the total unexercised Warrants 2010/2015 of the Company.
Deemed interest through Meloria Sdn Bhd and Sumber Raswira Sdn Bhd.
a) 59,480,827 Ordinary Shares of RM1.00 each representing 30.24% of the total issued and paid-up share capital of the Company.
b) 4,303,431 Warrants 2010/2015 representing 21.88% of the total unexercised Warrants 2010/2015 of the Company.
GADANG - General Announcement
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director of Gadang Holdings Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has transacted in the securities of the Company as per the table below:-
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director of Gadang Holdings Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has transacted in the securities of the Company as per the table below:-
GADANG - General Announcement
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: DEVELOPMENT IN MATERIAL LITIGATION -
Kuala Lumpur High Court Suit No. S3-22-240-2000
L'Grande Development Sdn Bhd ("L'Grande") vs Bukit Cerakah Development Sdn Bhd ("BCD") ("Original Action")
BCD vs L'Grande and Gadang Engineering (M) Sdn Bhd ("GESB") ("Action By Counterclaim")
GESB vs BCD and Pembinaan Era Dinamik Sdn Bhd ("PED") ("Counterclaim Within Counterclaim")
Contents: Reference is made to our last announcement dated 28 October 2010 under the quarterly report on consolidated results for the first financial quarter ended 31 August 2010 in respect of the abovementioned litigation.
We wish to inform that the Plaintiff in the Counterclaim, Bukit Cerakah Development Sdn Bhd had on 15 December 2010, filed a Notice of Discontinuance at the Kuala Lumpur High Court whereby the parties in this suit have agreed to withdraw their respective claims and counterclaims against each other with no order as to costs and without liberty to file afresh.
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: DEVELOPMENT IN MATERIAL LITIGATION -
Kuala Lumpur High Court Suit No. S3-22-240-2000
L'Grande Development Sdn Bhd ("L'Grande") vs Bukit Cerakah Development Sdn Bhd ("BCD") ("Original Action")
BCD vs L'Grande and Gadang Engineering (M) Sdn Bhd ("GESB") ("Action By Counterclaim")
GESB vs BCD and Pembinaan Era Dinamik Sdn Bhd ("PED") ("Counterclaim Within Counterclaim")
Contents: Reference is made to our last announcement dated 28 October 2010 under the quarterly report on consolidated results for the first financial quarter ended 31 August 2010 in respect of the abovementioned litigation.
We wish to inform that the Plaintiff in the Counterclaim, Bukit Cerakah Development Sdn Bhd had on 15 December 2010, filed a Notice of Discontinuance at the Kuala Lumpur High Court whereby the parties in this suit have agreed to withdraw their respective claims and counterclaims against each other with no order as to costs and without liberty to file afresh.
FITTERS - General Announcement
Announcement Type: General Announcement
Company Name: FITTERS DIVERSIFIED BERHAD
Stock Name: FITTERS
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: FITTERS DIVERSIFIED BERHAD ('FITTERS" or "the Company")
- Acquisition of the remaining 106,250 ordinary shares of RM1.00 each in Future NRG Sdn. Bhd. ("FNRG") for a total consideration of RM1.00
Contents: 1. INTRODUCTION
The Board of Directors of FITTERS wishes to announce that the Company has on 27 December 2010 acquired One Hundred Six Thousand Two Hundred and Fifty (106,250) ordinary shares of RM1.00 each in FNRG (Company No. 814147-M) representing 17% of the equity capital of FNRG from Vermont Holdings Group Limited for a total cash consideration of RM1.00 ("the Acquisition"). Upon the Acquisition, FNRG became a wholly-owned subsidiary of FITTERS.
2. BACKGROUND INFORMATION ON FNRG
FNRG is a company incorporated in Malaysia under the Companies Act, 1965 on 17 April 2008, having its registered office at Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan and has an authorised share capital of RM10,000,000.00 divided into 10,000,000 ordinary shares of RM1.00 each of which Six Hundred and Twenty-Five Thousand (625,000) ordinary shares of RM1.00 each have been issued and fully paid-up.
3. FINANCIAL EFFECT OF THE ACQUISITION
3.1 Issued and Paid-up Share Capital and Net Tangible Assets
The Acquisition will not have any material effect on the Issued and Paid-up Share Capital and Net Tangible Assets of FITTERS Group.
3.2 Earnings
The Acquisition is not expected to have any material impact on the earnings of FITTERS Group.
3.3 Liability
No liability is assumed by FITTERS in the Acquisition.
4. APPROVAL
The Acquisition does not require the approval of the Shareholders of FITTERS.
5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or Substantial Shareholders of the Company and/or persons connected with such Directors or Substantial Shareholders have any interest, direct or indirect in the aforesaid Acquisition.
This announcement is dated 27 December 2010.
Company Name: FITTERS DIVERSIFIED BERHAD
Stock Name: FITTERS
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: FITTERS DIVERSIFIED BERHAD ('FITTERS" or "the Company")
- Acquisition of the remaining 106,250 ordinary shares of RM1.00 each in Future NRG Sdn. Bhd. ("FNRG") for a total consideration of RM1.00
Contents: 1. INTRODUCTION
The Board of Directors of FITTERS wishes to announce that the Company has on 27 December 2010 acquired One Hundred Six Thousand Two Hundred and Fifty (106,250) ordinary shares of RM1.00 each in FNRG (Company No. 814147-M) representing 17% of the equity capital of FNRG from Vermont Holdings Group Limited for a total cash consideration of RM1.00 ("the Acquisition"). Upon the Acquisition, FNRG became a wholly-owned subsidiary of FITTERS.
2. BACKGROUND INFORMATION ON FNRG
FNRG is a company incorporated in Malaysia under the Companies Act, 1965 on 17 April 2008, having its registered office at Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan and has an authorised share capital of RM10,000,000.00 divided into 10,000,000 ordinary shares of RM1.00 each of which Six Hundred and Twenty-Five Thousand (625,000) ordinary shares of RM1.00 each have been issued and fully paid-up.
3. FINANCIAL EFFECT OF THE ACQUISITION
3.1 Issued and Paid-up Share Capital and Net Tangible Assets
The Acquisition will not have any material effect on the Issued and Paid-up Share Capital and Net Tangible Assets of FITTERS Group.
3.2 Earnings
The Acquisition is not expected to have any material impact on the earnings of FITTERS Group.
3.3 Liability
No liability is assumed by FITTERS in the Acquisition.
4. APPROVAL
The Acquisition does not require the approval of the Shareholders of FITTERS.
5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or Substantial Shareholders of the Company and/or persons connected with such Directors or Substantial Shareholders have any interest, direct or indirect in the aforesaid Acquisition.
This announcement is dated 27 December 2010.
SAAG - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: SAAG CONSOLIDATED (M) BHD
Stock Name: SAAG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: SAAG CONSOLIDATED (M) BHD ("SAAG" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SAAG ("PROPOSED PRIVATE PLACEMENT")
Contents: We refer to the earlier announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of SAAG ("Board") on 14 December 2009, 28 December 2009, 5 January 2010, 14 January 2010, 22 February 2010 and 25 June 2010 respectively, in relation the Proposed Private Placement.
On behalf of the Board, OSK wishes to announce that the approval from Bursa Malaysia Securities Berhad ("Bursa Malaysia") for SAAG to implement the Proposed Private Placement by 25 December 2010 has lapsed and accordingly, the Proposed Private Placement is deemed completed.
This announcement is dated 27 December 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: SAAG CONSOLIDATED (M) BHD
Stock Name: SAAG
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: SAAG CONSOLIDATED (M) BHD ("SAAG" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SAAG ("PROPOSED PRIVATE PLACEMENT")
Contents: We refer to the earlier announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of SAAG ("Board") on 14 December 2009, 28 December 2009, 5 January 2010, 14 January 2010, 22 February 2010 and 25 June 2010 respectively, in relation the Proposed Private Placement.
On behalf of the Board, OSK wishes to announce that the approval from Bursa Malaysia Securities Berhad ("Bursa Malaysia") for SAAG to implement the Proposed Private Placement by 25 December 2010 has lapsed and accordingly, the Proposed Private Placement is deemed completed.
This announcement is dated 27 December 2010.
MAHJAYA - General Announcement
Announcement Type: General Announcement
Company Name: MAHAJAYA BERHAD
Stock Name: MAHJAYA
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: MAHAJAYA BERHAD ("MAHAJAYA" OR "COMPANY")
- BAI AL-EINAH REVOLVING CREDIT-i 1 FACILITY OF RM36.358 MILLION AND BAI AL-EINAH REVOLVING CREDIT-i 2 FACILITY OF RM35 MILLION GRANTED BY PUBLIC ISLAMIC BANK BERHAD TO THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, MEDAN DAMAI SDN. BHD.
Contents: The Board of Directors of Mahajaya wishes to announce that the Company's wholly-owned subsidiary, Medan Damai Sdn. Bhd. ("MDSB") has on 27 December 2010 accepted the following financing facilities totalling RM71.358 million ("Facilities") granted by Public Islamic Bank Berhad ("Bank"), subject to the term and conditions as stipulated in the Bank's Letters of Offers dated 16 November 2010 and the Supplemental Letter of Offer dated 13 December 2010:-
(i) Bai Al-Einah Revolving Credit-i 1 Facility of RM36.358 million; and
(ii) Bai Al-Einah Revolving Credit-i 2 Facility of RM35 million.
The Facilities are short term financing for MDSB's working capital purposes.
The Facilities will not have any significant effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of Mahajaya Group for the financial year ending 30 June 2011.
None of the Directors and/or Substantial shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Facilities.
The Board of Directors of the Company does not envisage any specific risk to be associated with the acceptance of the Facilities, apart for the finance costs.
The Board of Directors of the Company is of the opinion that the Facilities are in the best interests of the Company and its Group of Companies.
Company Name: MAHAJAYA BERHAD
Stock Name: MAHJAYA
Date Announced: 27/12/2010
Announcement Detail:
Type: Announcement
Subject: MAHAJAYA BERHAD ("MAHAJAYA" OR "COMPANY")
- BAI AL-EINAH REVOLVING CREDIT-i 1 FACILITY OF RM36.358 MILLION AND BAI AL-EINAH REVOLVING CREDIT-i 2 FACILITY OF RM35 MILLION GRANTED BY PUBLIC ISLAMIC BANK BERHAD TO THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, MEDAN DAMAI SDN. BHD.
Contents: The Board of Directors of Mahajaya wishes to announce that the Company's wholly-owned subsidiary, Medan Damai Sdn. Bhd. ("MDSB") has on 27 December 2010 accepted the following financing facilities totalling RM71.358 million ("Facilities") granted by Public Islamic Bank Berhad ("Bank"), subject to the term and conditions as stipulated in the Bank's Letters of Offers dated 16 November 2010 and the Supplemental Letter of Offer dated 13 December 2010:-
(i) Bai Al-Einah Revolving Credit-i 1 Facility of RM36.358 million; and
(ii) Bai Al-Einah Revolving Credit-i 2 Facility of RM35 million.
The Facilities are short term financing for MDSB's working capital purposes.
The Facilities will not have any significant effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of Mahajaya Group for the financial year ending 30 June 2011.
None of the Directors and/or Substantial shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Facilities.
The Board of Directors of the Company does not envisage any specific risk to be associated with the acceptance of the Facilities, apart for the finance costs.
The Board of Directors of the Company is of the opinion that the Facilities are in the best interests of the Company and its Group of Companies.
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