MMCCORP - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 15/12/2010
Announcement Detail:
Date of change: 15/12/2010
Type of change: Resignation
Designation: Director
Directorate: Non Independent & Non Executive
Name: Ahmad Jauhari bin Yahya
Age: 56
Nationality: Malaysian
Qualifications: Bachelor of Science (Honours) in Electrical and Electronic Engineering, University of Nottingham (United Kingdom)
Working experience and occupation: Managing Director/Chief Executive Officer of Malakoff Corporation Berhad
Directorship of public companies (if any): Malakoff Berhad, Malakoff Corporation Berhad, Aliran Ihsan Resources Berhad, Malakoff Power Berhad, Port Dickson Power Berhad and Honorary President of Penjanabebas (Association of Independent Power Producers, Malaysia)
Family relationship with any director and/or major shareholder of the listed issuer: No
Any conflict of interests that he/she has with the listed issuer: No
Details of any interest in the securities of the listed issuer or its subsidiaries: No
Remarks: 1) Encik Ahmad Jauhari's resignation from the Board of MMC Corporation Berhad ("MMC"), follows suit his vacation of office from the post of Managing Director/Chief Executive Officer of Malakoff Corporation Berhad, a subsidiary of the Company, to pursue other business interest.
2) As at to date, the Board of MMC has an effective composition of seven (7) directors on Board, comprising three (3) Non-Independent Non Executive Directors, three (3) Independent Non Executive Directors and one (1) Executive Director.
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 15/12/2010
Announcement Detail:
Date of change: 15/12/2010
Type of change: Resignation
Designation: Director
Directorate: Non Independent & Non Executive
Name: Ahmad Jauhari bin Yahya
Age: 56
Nationality: Malaysian
Qualifications: Bachelor of Science (Honours) in Electrical and Electronic Engineering, University of Nottingham (United Kingdom)
Working experience and occupation: Managing Director/Chief Executive Officer of Malakoff Corporation Berhad
Directorship of public companies (if any): Malakoff Berhad, Malakoff Corporation Berhad, Aliran Ihsan Resources Berhad, Malakoff Power Berhad, Port Dickson Power Berhad and Honorary President of Penjanabebas (Association of Independent Power Producers, Malaysia)
Family relationship with any director and/or major shareholder of the listed issuer: No
Any conflict of interests that he/she has with the listed issuer: No
Details of any interest in the securities of the listed issuer or its subsidiaries: No
Remarks: 1) Encik Ahmad Jauhari's resignation from the Board of MMC Corporation Berhad ("MMC"), follows suit his vacation of office from the post of Managing Director/Chief Executive Officer of Malakoff Corporation Berhad, a subsidiary of the Company, to pursue other business interest.
2) As at to date, the Board of MMC has an effective composition of seven (7) directors on Board, comprising three (3) Non-Independent Non Executive Directors, three (3) Independent Non Executive Directors and one (1) Executive Director.
ZELAN - General Announcement
Announcement Type: General Announcement
Company Name: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: ZELAN BERHAD ("ZB" or the "Company")
DISPOSAL OF 250,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
Contents: ZELAN BERHAD ("ZB" or the "Company")
DISPOSAL OF 250,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
The Shareholders of the Company, at the Extraordinary General Meeting held on 7 September 2010, had approved the proposed disposal of 30.0 million shares in IJM Corporation Berhad ("IJM"). Pursuant to Paragraph 10.06 (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), ZB wishes to announce that it had, on 8 December 2010, further disposed 250,000 ordinary shares of RM1.00 each in IJM (the "Sale Shares") in the open market at an average disposal price of RM6.28 per share for a total consideration of RM1,570,499.53 (the "Disposal").
Company Name: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: ZELAN BERHAD ("ZB" or the "Company")
DISPOSAL OF 250,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
Contents: ZELAN BERHAD ("ZB" or the "Company")
DISPOSAL OF 250,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
The Shareholders of the Company, at the Extraordinary General Meeting held on 7 September 2010, had approved the proposed disposal of 30.0 million shares in IJM Corporation Berhad ("IJM"). Pursuant to Paragraph 10.06 (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), ZB wishes to announce that it had, on 8 December 2010, further disposed 250,000 ordinary shares of RM1.00 each in IJM (the "Sale Shares") in the open market at an average disposal price of RM6.28 per share for a total consideration of RM1,570,499.53 (the "Disposal").
FCW - General Announcement
Announcement Type: General Announcement
Company Name: FCW HOLDINGS BERHAD
Stock Name: FCW
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: FCW Holdings Berhad ("FCW" or "the Company")
- Proposed Acquisition by FCW of 100,000 Ordinary Shares of RM1.00 Each In Coscolab Sdn Bhd (Company No. 530561-V) ("Coscolab"), Representing 20% Of The Equity Interest In Coscolab For A Cash Consideration Of RM2,100,000.
Contents: Further to the Company's announcement on 13 December 2010 in respect of the Proposed Acquisition and Bursa Securities' letter dated 14 December 2010, the Board of Directors of FCW wishes to furnish the following additional information:-
1. Net Asset and Net Profit of Coscolab Based on the Latest Audited Accounts
Based on the latest audited accounts of Coscolab for the year ended 31 December 2009, the net asset value and net profit of Coscolab were RM7,310,138 and RM2,028,709 respectively.
2. Basis and Justification in Arriving at the Purchase Consideration of RM2,100,000
The Purchase Consideration of RM2,100,000 was determined on a willing buyer-willing seller basis after taking into consideration the net asset value and potential future earnings of Coscolab.
3. The Rationale and Benefit for Increasing the Stake in Coscolab to 80%
The increase in equity stake in Coscolab to 80% will further increase FCW's share of potential profit and future growth in the business of Coscolab.
4. Relevant Details of Information on Vendor, Biosis Group Berhad ("BGB")
BGB is a company incorporated in Malaysia on 17 June 2003 with an authorised share capital of RM100,000,000.00 comprising 200,000,000 ordinary shares of RM0.50 each, of which 100,000,000 ordinary shares are issued and fully paid-up.
BGB is an investment holding company whilst its subsidiaries are principally involved in the manufacturing and trading of a wide spectrum of personal care, make-up preparation, professional skin care, hotel complimentary items and pharmaceutical products.
5. Prospects on the Cosmetic and Toiletries Products, in Which Coscolab is Involved in
The prospects of the Industry of personal care, skin care, hair care, hair colour and household products ("Products") is favourable premised on the continual product innovation, increasing younger age groups population, urbanization, increasing overall demand and ever-changing consumer trends and preferences for the Products, which are the drivers of growth for the business of Coscolab.
This announcement is dated 15 December 2010.
Company Name: FCW HOLDINGS BERHAD
Stock Name: FCW
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: FCW Holdings Berhad ("FCW" or "the Company")
- Proposed Acquisition by FCW of 100,000 Ordinary Shares of RM1.00 Each In Coscolab Sdn Bhd (Company No. 530561-V) ("Coscolab"), Representing 20% Of The Equity Interest In Coscolab For A Cash Consideration Of RM2,100,000.
Contents: Further to the Company's announcement on 13 December 2010 in respect of the Proposed Acquisition and Bursa Securities' letter dated 14 December 2010, the Board of Directors of FCW wishes to furnish the following additional information:-
1. Net Asset and Net Profit of Coscolab Based on the Latest Audited Accounts
Based on the latest audited accounts of Coscolab for the year ended 31 December 2009, the net asset value and net profit of Coscolab were RM7,310,138 and RM2,028,709 respectively.
2. Basis and Justification in Arriving at the Purchase Consideration of RM2,100,000
The Purchase Consideration of RM2,100,000 was determined on a willing buyer-willing seller basis after taking into consideration the net asset value and potential future earnings of Coscolab.
3. The Rationale and Benefit for Increasing the Stake in Coscolab to 80%
The increase in equity stake in Coscolab to 80% will further increase FCW's share of potential profit and future growth in the business of Coscolab.
4. Relevant Details of Information on Vendor, Biosis Group Berhad ("BGB")
BGB is a company incorporated in Malaysia on 17 June 2003 with an authorised share capital of RM100,000,000.00 comprising 200,000,000 ordinary shares of RM0.50 each, of which 100,000,000 ordinary shares are issued and fully paid-up.
BGB is an investment holding company whilst its subsidiaries are principally involved in the manufacturing and trading of a wide spectrum of personal care, make-up preparation, professional skin care, hotel complimentary items and pharmaceutical products.
5. Prospects on the Cosmetic and Toiletries Products, in Which Coscolab is Involved in
The prospects of the Industry of personal care, skin care, hair care, hair colour and household products ("Products") is favourable premised on the continual product innovation, increasing younger age groups population, urbanization, increasing overall demand and ever-changing consumer trends and preferences for the Products, which are the drivers of growth for the business of Coscolab.
This announcement is dated 15 December 2010.
MFCB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 22,000
Minimum price paid for each share purchased ($$): 1.750
Maximum price paid for each share purchased ($$): 1.770
Total consideration paid ($$): 39,073.34
Number of shares purchased retained in treasury (units): 22,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,506,600
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.58
Remarks: This announcement is dated 15 December 2010.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 22,000
Minimum price paid for each share purchased ($$): 1.750
Maximum price paid for each share purchased ($$): 1.770
Total consideration paid ($$): 39,073.34
Number of shares purchased retained in treasury (units): 22,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,506,600
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.58
Remarks: This announcement is dated 15 December 2010.
GUH - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GUH HOLDINGS BERHAD
Stock Name: GUH
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 108,000
Minimum price paid for each share purchased ($$): 1.190
Maximum price paid for each share purchased ($$): 1.220
Total consideration paid ($$): 129,600.00
Number of shares purchased retained in treasury (units): 108,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,748,800
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.34
Company Name: GUH HOLDINGS BERHAD
Stock Name: GUH
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 108,000
Minimum price paid for each share purchased ($$): 1.190
Maximum price paid for each share purchased ($$): 1.220
Total consideration paid ($$): 129,600.00
Number of shares purchased retained in treasury (units): 108,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,748,800
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.34
MULPHA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 2,650,000
Minimum price paid for each share purchased ($$): 0.525
Maximum price paid for each share purchased ($$): 0.540
Total consideration paid ($$): 1,413,357.10
Number of shares purchased retained in treasury (units): 2,650,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 9,515,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.40
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 2,650,000
Minimum price paid for each share purchased ($$): 0.525
Maximum price paid for each share purchased ($$): 0.540
Total consideration paid ($$): 1,413,357.10
Number of shares purchased retained in treasury (units): 2,650,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 9,515,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.40
SUNWAY - General Announcement
Announcement Type: General Announcement
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
- NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES
Contents: Pursuant to Chapter 14, Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Mr Foo Yoon Seong, a Principal Officer of Sunway, has given notice of his dealings in the securities of Sunway outside the closed period, details as set out in Table 1 and Table 2 below.
This announcement is dated 15 December 2010.
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
- NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES
Contents: Pursuant to Chapter 14, Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Mr Foo Yoon Seong, a Principal Officer of Sunway, has given notice of his dealings in the securities of Sunway outside the closed period, details as set out in Table 1 and Table 2 below.
This announcement is dated 15 December 2010.
SCIENTX - SCIENTEX BERHAD FORTY-SECOND ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: SCIENTEX BERHAD
FORTY-SECOND ANNUAL GENERAL MEETING
Contents: We are pleased to announce that the shareholders of Scientex Berhad have approved all resolutions as set out in the Notice of Forty-Second Annual General Meeting ("AGM") dated 22 November 2010 at the AGM held on Wednesday, 15 December 2010.
This announcement is dated 15 December 2010.
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: SCIENTEX BERHAD
FORTY-SECOND ANNUAL GENERAL MEETING
Contents: We are pleased to announce that the shareholders of Scientex Berhad have approved all resolutions as set out in the Notice of Forty-Second Annual General Meeting ("AGM") dated 22 November 2010 at the AGM held on Wednesday, 15 December 2010.
This announcement is dated 15 December 2010.
ANCOM - Dealings by Director Outside Closed Period
Announcement Type: General Announcement
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director Outside Closed Period
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements, the following Director has dealings in the securities of the Company outside closed period as set out in the below Table.
This announcement is dated 15 December 2010.
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director Outside Closed Period
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements, the following Director has dealings in the securities of the Company outside closed period as set out in the below Table.
This announcement is dated 15 December 2010.
KTB - Konsortium Transnasional Berhad ("KTB" or "Company") - Disposal of equity interest in PT Indonadi
Announcement Type: General Announcement
Company Name: KONSORTIUM TRANSNASIONAL BERHAD
Stock Name: KTB
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Konsortium Transnasional Berhad ("KTB" or "Company") - Disposal of equity interest in PT Indonadi
Contents: With reference to the Company's announcement dated 14th December 2010, the Board of Directors of KTB is pleased to provide the following additional information for public release:-
1. DATE OF INVESTMENT
The date of KTB's investment in PT Indonadi was on 24th April 2007.
2. KUMPULAN KENDERAAN MALAYSIA BERHAD ("KKMB") EQUITY INTEREST IN KTB
KKMB is a major shareholder of KTB with an 61.86% equity (direct and indirect) stakes as at 30 June 2010.
3. BASIS OF VALUATION OF THE SALE SHARES
The total cash consideration for the Disposal was arrived on a willing buyer willing seller basis after taking into consideration the valuation by an independent corporate advisory consultant. The estimated fair value of the Sale Shares is Rp 4,170.46 per share (USD0.48) as appraised by Messrs. Grant Thornton Consulting Sdn Bhd, an independent corporate advisory consultant on 24th September 2010.
The discounted cash flow method was applied by the said consultant for the valuation of the Sale Shares. For the purpose of the said valuation, the discount rates are derived using the Weighted Average Cost of Capital ("WACC"). WACC is derived from the weighted average cost of equity and cost of debt after taking into consideration the expected debt to equity ratio.
4. FINANCIAL EFFECTS OF THE DISPOSAL
The Disposal will not have any material effect on the net assets per share and gearing of KTB for the financial year ending 31 December 2011.
This announcement is dated 15th December 2010.
Company Name: KONSORTIUM TRANSNASIONAL BERHAD
Stock Name: KTB
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Konsortium Transnasional Berhad ("KTB" or "Company") - Disposal of equity interest in PT Indonadi
Contents: With reference to the Company's announcement dated 14th December 2010, the Board of Directors of KTB is pleased to provide the following additional information for public release:-
1. DATE OF INVESTMENT
The date of KTB's investment in PT Indonadi was on 24th April 2007.
2. KUMPULAN KENDERAAN MALAYSIA BERHAD ("KKMB") EQUITY INTEREST IN KTB
KKMB is a major shareholder of KTB with an 61.86% equity (direct and indirect) stakes as at 30 June 2010.
3. BASIS OF VALUATION OF THE SALE SHARES
The total cash consideration for the Disposal was arrived on a willing buyer willing seller basis after taking into consideration the valuation by an independent corporate advisory consultant. The estimated fair value of the Sale Shares is Rp 4,170.46 per share (USD0.48) as appraised by Messrs. Grant Thornton Consulting Sdn Bhd, an independent corporate advisory consultant on 24th September 2010.
The discounted cash flow method was applied by the said consultant for the valuation of the Sale Shares. For the purpose of the said valuation, the discount rates are derived using the Weighted Average Cost of Capital ("WACC"). WACC is derived from the weighted average cost of equity and cost of debt after taking into consideration the expected debt to equity ratio.
4. FINANCIAL EFFECTS OF THE DISPOSAL
The Disposal will not have any material effect on the net assets per share and gearing of KTB for the financial year ending 31 December 2011.
This announcement is dated 15th December 2010.
No comments:
Post a Comment