December 30, 2010

Company announcements: UMW-CC, YTL, TONGHER, NVMULTI, BANENG, PRTASCO, AXREIT, ICAP, STAREIT, BSDREIT

UMW-CC - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: UMW-CC: CW UMW HLDGS BERHAD (CIMB)
Stock Name: UMW-CC
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: CIMB BANK BERHAD ("CIMB BANK")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UMW HOLDINGS BERHAD ("UMW") ("UMW-CC")

Contents: We wish to announce that the UMW-CC expired at 5.00 p.m. on 30 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount = Number of UMW-CC x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of UMW-CC x (RM7.0351 - RM6.00) x (1/6)
= Number of UMW-CC x RM0.1725

The Closing Price of RM7.0351 is the arithmetic mean of daily volume weighted average market price of UMW shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.

This announcement is dated 30 December 2010.


YTL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 30/12/2010

Announcement Detail:
Date of buy back: 30/12/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 100,000

Minimum price paid for each share purchased ($$): 8.410

Maximum price paid for each share purchased ($$): 8.410

Total consideration paid ($$): 843,975.30

Number of shares purchased retained in treasury (units): 100,000

Cumulative net outstanding treasury shares as at to-date (units): 108,062,709

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.68


TONGHER - General Announcement

Announcement Type: General Announcement
Company Name: TONG HERR RESOURCES BERHAD
Stock Name: TONGHER
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities

Contents: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities


NVMULTI - General Announcement

Announcement Type: General Announcement
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: NV MULTI CORPORATION BERHAD ("NV Multi" or the "Company")
I. Proposed disposal of the entire business and undertakings (including the entire assets and liabilities) of NV Multi to NV Multi Asia Sdn Bhd (formerly known as Mutual Tactic Sdn Bhd) for a total consideration of RM300,011,400 ("Proposed Disposal")
II. Proposed distribution of the cash proceeds arising from the Proposed Disposal to all the entitled shareholders of NV Multi ("Proposed Distribution")
(collectively referred to as the "Proposals")
III. Announcement pursuant to Practice Note 17 ("PN17") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements")

Contents: 1. INTRODUCTION

Further to the Company's announcement dated 21 December 2010 in relation to the Proposals, the Board of Directors of NV Multi is pleased to announce that the Proposed Disposal has been completed today.

With the completion of the Proposed Disposal, NV Multi has triggered the following criteria prescribed under PN17 of the Listing Requirements:

(a) NV Multi has ceased all of its business and entire operations as a result of the Proposed Disposal; and

(b) NV Multi has an insignificant business or operations after the Proposed Disposal.

In view of the above, NV Multi is considered a PN17 Company.


2. OBLIGATIONS UNDER THE LISTING REQUIREMENTS

As a PN17 Company, NV Multi must:

(a) regularise its condition in the following manner:-

(i) within twelve (12) months from the date of this announcement ("First Announcement"):

(aa) submit a regularisation plan to the Securities Commission ("SC") if the plan will result in a significant change in the business direction or policy of NV Multi; or

(bb) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of NV Multi, and to obtain Bursa Securities' approval to implement the plan; and

(ii) implement the plan within the timeframe stipulated by the SC or Bursa Securities, as the case may be;

(b) together with its Principal Adviser, ensure that the regularisation plan:

(i) is sufficiently comprehensive and capable of resolving all problems, financial or otherwise that had caused NV Multi to trigger the criteria prescribed under PN17 of the Listing Requirements ("Prescribed Criteria");

(ii) enables NV Multi to regularise its financial condition and level of operations such that NV Multi no longer triggers any of the Prescribed Criteria; and

(iii) is fair and reasonable to NV Multi and its shareholders and will increase shareholder value;

(c) announce to Bursa Securities, within three (3) months from the First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of NV Multi;

(d) announce to Bursa Securities the status of its regularisation plan and the number of months to the end of the relevant timeframes referred to in Paragraph 5.1 or 5.2 of PN17 of the Listing Requirements, as may be applicable, on a monthly basis ("Monthly Announcement") until further notice from Bursa Securities. The Monthly Announcements must be made on the first market day of each month beginning with the month following the date of the First Announcement;

(e) announce to Bursa Securities its compliance or non-compliance with a particular obligation imposed pursuant to PN17 of the Listing Requirements on an immediate basis;

(f) announce to Bursa Securities the details of the regularisation plan which announcement must fulfill the requirements as set out in Paragraph 4.2 of PN17 of the Listing Requirements ("Requisite Announcement"); and

(g) where NV Multi fails to regularise its condition, announce to Bursa Securities the dates of suspension and de-listing of its listed securities, immediately upon notification of suspension and de-listing by Bursa Securities.

3. CONSEQUENCES OF NON-COMPLIANCE

If NV Multi fails to regularise its condition, Bursa Securities shall:

(a) suspend the trading of NV Multi's listed securities on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities; and

(b) de-list NV Multi subject to NV Multi's right to appeal against the de-listing, which must be submitted to Bursa Securities within five (5) market days from the date of notification of de-listing by Bursa Securities.

4. STATUS OF REGULARISATION PLAN UNDER PN17 OF THE LISTING REQUIREMENTS

On 23 November 2010, Hong Leong Investment Bank Berhad ("HLIB"), on behalf of the Board, announced that the Company had entered into a heads of agreement with Oh Chiew Ho and Low Yang Leen (collectively, the "Vendors"), who are the shareholders of Ann Yak Siong Hardware Sdn Bhd ("AYSH"), in respect of a restructuring exercise. The Board proposes to undertake the Proposed Restructuring Scheme (as described below) as part of its regularisation plan to comply with the obligations of a PN17 Company pursuant to the Listing Requirements.

On 22 December 2010, HILB, on behalf of the Board, announced that the Company had on the same date entered into a restructuring agreement with the Vendors, Tan Chee Kuan who is the minority shareholder of the CH Yodoform Sdn Bhd (a subsidiary of AYSH) and AYS Ventures Sdn Bhd, a special purpose vehicle which will assume the listing status of NV Multi ("Restructuring Agreement"). The Restructuring Agreement sets out the definitive terms and conditions of the Proposed Restructuring Scheme, as detailed in the Company's announcements dated 22 December 2010, 27 December 2010 and 28 December 2010. It was also announced that HLIB has been appointed by NV Multi to act as its Principal Adviser in respect of the Proposed Restructuring Scheme and the relevant applications to the regulatory authorities in relation to the Proposed Restructuring Scheme will be made within four (4) months from 22 December 2010, being the date of announcement.

The Proposed Restructuring Scheme will result in a significant change in the business direction or policy of NV Multi.

Any material development to the regularisation plan will be immediately announced to Bursa Securities.

This announcement is dated 30 December 2010.


BANENG - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: BANENG HOLDINGS BHD
Stock Name: BANENG
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: BANENG HOLDINGS BHD ("BANENG" OR THE "COMPANY")

PROPOSED DEBT RESTRUCTURING SCHEME;
PROPOSED CAPITAL RECONSTRUCTION;
PROPOSED SHARE PREMIUM REDUCTION;
PROPOSED ACQUISITIONS;
PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION

(COLLECTIVELY KNOWN AS THE "PROPOSED RESTRUCTURING SCHEME")

Contents: BANENG HOLDINGS BHD ("BANENG" OR THE "COMPANY")

PROPOSED DEBT RESTRUCTURING SCHEME;
PROPOSED CAPITAL RECONSTRUCTION;
PROPOSED SHARE PREMIUM REDUCTION;
PROPOSED ACQUISITIONS;
PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION

(COLLECTIVELY KNOWN AS THE "PROPOSED RESTRUCTURING SCHEME")


PRTASCO - First Interim Dividend (Amended Announcement)

Announcement Type: Entitlements (Notice of Book Closure)
Company Name: PROTASCO BERHAD
Stock Name: PRTASCO
Date Announced: 30/12/2010

Announcement Detail:
EX-date: 29/12/2010

Entitlement date: 03/01/2011

Entitlement time: 04:00:00 PM

Entitlement subject: First Interim Dividend

Entitlement description: single tier first interim dividend of 5 sen per share for the financial year ending 31 December 2010.

Period of interest payment: to

Financial Year End: 31/12/2010

Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03-7841 8000

Payment date: 18/01/2011

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011

Entitlement indicator: Currency

Currency: Malaysian Ringgit (MYR)

Entitlement in Currency: 0.05

Remarks: The entitlement date is changed from 31/12/2010 to 3/1/2011 as 31/12/2010 was declared as Public Holiday


AXREIT - NET ASSET VALUE ("NAV")

Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: AXIS REAL ESTATE INVESTMENT TRUST
Stock Name: AXREIT
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: NET ASSET VALUE ("NAV")

Contents: The NAV per unit of Axis Real Estate Investment Trust for the quarter ended 31 December 2010 is RM1.8894


ICAP - ICAPITAL.BIZ BERHAD ("icapital.biz") - NET ASSET VALUE ("NAV") PER SHARE

Announcement Type: General Announcement
Company Name: ICAPITAL.BIZ BERHAD
Stock Name: ICAP
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: ICAPITAL.BIZ BERHAD ("icapital.biz")
- NET ASSET VALUE ("NAV") PER SHARE

Contents: On behalf of the Board of icapital.biz, we wish to announce that the NAV per share of icapital.biz as at 29 December 2010 was RM2.55.


STAREIT - NET ASSET VELUE ('NAV')

Announcement Type: General Announcement
Company Name: STARHILL REAL ESTATE INVESTMENT TRUST
Stock Name: STAREIT
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: NET ASSET VELUE ('NAV')

Contents: The NAV per unit of Starhill Real Estate Investment Trust as at 30 December 2010 is RM1.1662.


BSDREIT - AL-HADHARAH BOUSTEAD REIT (THE "FUND") - REVALUATION OF PLANTATION ASSETS

Announcement Type: General Announcement
Company Name: AL-HADHARAH BOUSTEAD REIT
Stock Name: BSDREIT
Date Announced: 30/12/2010

Announcement Detail:
Type: Announcement

Subject: AL-HADHARAH BOUSTEAD REIT (THE "FUND")
- REVALUATION OF PLANTATION ASSETS

Contents: 1. INTRODUCTION

The Board of Directors of Boustead REIT Managers Sdn Bhd ("BRM") wishes to announce that the Fund has undertaken a revaluation exercise on all its existing plantation assets ("Revaluation") as follows:-

(i) Bekoh Estate, Johor
(ii) Malaya Estate, Perak
(iii) Kulai Young Estate, Johor
(iv) Bukit Mertajam Estate, Kedah
(v) Batu Pekaka Estate, Kedah
(vi) Chamek Estate, Johor
(vii) Telok Sengat Estate, Johor
(viii) Telok Sengat Palm Oil Mill, Johor
(ix) Lepan Kabu Estate, Kelantan
(x) Lepan Kabu Palm Oil Mill, Kelantan
(xi) Malakoff Estate, Pulau Pinang
(xii) Bebar Estate, Pahang
(collectively referred to as "Plantation Assets")


2. PURPOSE OF REVALUATION

The purpose of the Revaluation was to determine the current market value of the abovementioned twelve (12) Plantation Assets for accounting purposes in line with the Financial Reporting Standard ("FRS") 140. Under the fair value model of FRS 140, the fair value of the Plantation Assets shall reflect market conditions at the balance sheet date (i.e. the Plantation Assets are revalued every year). As the Fund has adopted the fair value model stipulated in FRS 140, the Fund will be required to conduct a yearly revaluation of all its real estate properties.



3. REVALUATION SURPLUS

The valuations were undertaken by C H Williams Talhar & Wong Sdn Bhd, an independent firm of professional valuers. The details of the surplus from the Revaluation are set out in Attachment 1.

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4. EFFECTS ON THE NET ASSET VALUE

The total net revaluation surplus is RM16,902,000 increasing the carrying value of the Plantation Assets to RM856,633,000. The revaluation surplus of RM16,902,000 represents a 2.0% increase over the unaudited net book value as at 30 September 2010 of RM839,731,000. Based on the unaudited financial statements of the Fund as at 30 September 2010, the net asset value per unit of the Fund of RM1.3662 will increase to RM1.3965 per unit upon incorporation of the revaluation surplus.


5. DOCUMENTS AVAILABLE FOR INSPECTION

The valuation reports in relation to the Revaluation are available for inspection at the registered office of BRM at 28th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur during normal office hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

Attachments: Bursa announcement - 2010 (Attachement 1).doc



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