GENTING - QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE LISITNG REQUIREMENTS
Announcement Type: General AnnouncementCompany Name: GENTING BERHADStock Name: GENTINGDate Announced: 09/07/2010
Announcement Detail:Type: Announcement
Subject: QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE LISITNG REQUIREMENTS
Contents: In accordance with Paragraph 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements"), the Board of Directors of Genting Berhad ("GENT") wishes to announce the moneylending activities (which forms part of the ordinary course of business) of its 69.5% owned subsidiary, GB Credit & Leasing Sdn Bhd ("GBCL") for the financial quarter ended 30 June 2010 as set out below.
GBCL was set up to extend small loans, such as study and motor vehicle loans, to employees of the Genting Group to assist them in their personal needs. All outstanding balances relate to loans given to the employees for the purposes as stated.
MISC - Change in Audit Committee
Announcement Type: Change in Audit CommitteeCompany Name: MISC BERHADStock Name: MISCDate Announced: 09/07/2010
Announcement Detail:Date of change: 08/07/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Amir Hamzah bin Azizan
Age: 43
Nationality: Malaysian
Qualifications: 1. Bachelor of Science Degree in Management (majoring in Finance and Economics) from Syracuse University, New York
2. Stanford Executive Porgramme at Stanford University, United States of America
3. Corporate Finance Evening Programme at London Business School, United Kingdom
Working experience and occupation: 1. He joined MISC in 2000 and was the Group's General Manager of Corporate Planning Services. Subsequently in 2004 he was the Regional Business Director (Europe, Americas, Africa and FSU) of MISC based in London, United Kingdom.
2. Prior to joining MISC, he served the Shell Group of Companies for 10 years in various capacities including Head of Financial Services and Manager, Planning & Support at Sarawak Shell Berhad, Marketing Credit Accountant at Shell Singapore Ptd. Ltd., Internal Auditor at Shell Eastern Petroleum Pte. Ltd., and Senior Treasury Advisor at Shell International Ltd., London.
3. He was appointed as the President/Chief Executive Officer of AET Tanker Holdings Sdn Bhd, a wholly owned subsidiary of MISC Berhad, on 1 April 2005 and was subsequently, on 1 January 2009, appointed as President / Chief Executive Officer of MISC Berhad. He resigned from MISC Berhad on 15 June 2010 to assume the position of Managing Director/CEO of PETRONAS Dagangan Berhad effective from 15 June 2010.
Directorship of public companies (if any): 1. PETRONAS Dagangan Berhad
2. Bintulu Port Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: N/A
Composition of Audit Committee (Name and Directorate of members after change): 1. Mr. Krishnan a/l C K Menon, Independent Non-Executive Director - Chairman
2. Dato' Halipah binti Esa, Independent Non-Executive Director - Member
3. Dato' Kalsom binti Abd Rahman, Independent Non-Executive Director - Member
4. En. Amir Hamzah bin Azizan, Non-Independent Non-Executive Director - Member
MISC - Change in Audit Committee
Announcement Type: Change in Audit CommitteeCompany Name: MISC BERHADStock Name: MISCDate Announced: 09/07/2010
Announcement Detail:Date of change: 08/07/2010
Type of change: Redesignation
Previous Position: Chairman of Audit Committee
New Position: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Halipah binti Esa
Age: 60
Nationality: Malaysian
Qualifications: 1. Honours Degree majoring in Economics from University of Malaya
2. Masters of Economics Degree from University of Malaya
3. Certificates in Advanced Economic Management from IMF Institute, Washington and the Kiel Institute of World Economics, Germany
4. Certificate in Advanced Management Programme from Adam Smith Institute, London
Working experience and occupation: 1. She began her career in 1973 as Assistant Secretary, Administrative and Diplomatic Services in the Economic Planning Unit (EPU) at the Prime Minister's Department. She subsequently held various other positions within EPU and became the Deputy Director General Macro from 1999 to 2004 prior to assuming the role of Deputy Secretary General (Policy) with the Ministry of Finance until 2005. Thereafter, she became Director General of EPU before retiring in 2006.
2. Dato' Halipah had been a consultant to the World Bank and United Nations Development Programme (UNDP) in advising the Royal Kingdom of Saudi Arabia on economic planning. She had also provided technical advice to planning agencies in Vietnam, Cambodia, Indonesia and several African countries.
Directorship of public companies (if any): 1. Cagamas SME Berhad
2. Northport (Malaysia) Bhd
3. Kontena Nasional Berhad
4. KLCC Property Holdings Berhad
5. Putrajaya Holdings Berhad
6. PETRONAS Global Sukuk Ltd
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: N/A
Composition of Audit Committee (Name and Directorate of members after change): N/A
MISC - Change in Audit Committee
Announcement Type: Change in Audit CommitteeCompany Name: MISC BERHADStock Name: MISCDate Announced: 09/07/2010
Announcement Detail:Date of change: 08/07/2010
Type of change: Redesignation
Previous Position: Member of Audit Committee
New Position: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Krishnan a/l C K Menon
Age: 60
Nationality: Malaysian
Qualifications: 1. Fellow of the Institute of Chartered Accountants in England and Wales
2. Member of the Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants
Working experience and occupation: He spent 13 years in public practice with Hanafiah Raslan & Mohamad, seven years of which he served as a partner. He then joined Public Bank Berhad as General Manager and was subsequently promoted to Executive Vice President. After serving two public listed companies, he joined Putrajaya Holdings Sdn Bhd as Chief Operating Officer since 1997 till 2000.
He is presently Chairman of Putrajaya Perdana Berhad and is a Non-Executive Director of Petroliam Nasional Berhad, SCICOM (MSC) Berhad and UBG Berhad.
Directorship of public companies (if any): 1. Putrajaya Perdana Berhad
2. Petroliam Nasional Berhad
3. SCICOM (MSC) Berhad
4. UBG Berhad
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: N/A
Composition of Audit Committee (Name and Directorate of members after change): N/A
MISC - Change in Boardroom
Announcement Type: Change in BoardroomCompany Name: MISC BERHADStock Name: MISCDate Announced: 09/07/2010
Announcement Detail:Date of change: 08/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Datuk Wan Zulkiflee bin Wan Ariffin
Age: 49
Nationality: Malaysian
Qualifications: 1. Bachelor of Engineering (Chemical) Adelaide University, South Australia
2. Conferred the Honorary Fellowship by the Institution of Chemical Engineers, United Kingdom
3. INSEAD Senior Management Development Program
4. Advanced Management Program, Harvard Business School
Working experience and occupation: 1. Datuk Wan Zulkiflee was appointed as the Chairman of PETRONAS Gas Berhad in August 2008. Effective 1 June 2010, he assumed the position of Executive Vice President of Downstream Business of PETRONAS.
2. He joined PETRONAS in 1983 as a process engineer and was involved in the project implementation and operations of several gas processing facilities up to 1995. In the ensuing years, Datuk Wan Zulkiflee has held several positions in the PETRONAS Group including serving in the Office of the President as Senior Manager (Downstream Business)/Executive Assistant to the President and as General Manager, International Projects Management Division of OGP Technical Services Sdn. Bhd. He was the General Manager for the Strategy and Business Development Unit of PETRONAS before assuming the position of Managing Director/Chief Executive Officer of PETRONAS Gas Berhad from 2003 to 2007.
3. Prior to his appointment as the Executive Vice President of Downstream Business, he was the Vice President of Gas Business from April 2006 till May 2010.
4. Datuk Wan Zulkiflee is a member of PETRONAS Board of Directors, Executive Committee and currently sits on the Boards of several Joint Ventures and Subsidiary Companies in the PETRONAS Group.
5. He was on the Council for the Project Management Institute, Malaysian Chapter until end 2003 and for the Malaysian Chemical Engineers Institute for a number of years.
6. He is a member of the Executive Committee of the International Gas Union, Argentinean Triennium until 2009. He is the National Orginising Committee Chairman of the World Gas Conference 2012. He is also the Industry Advisor to the Engineering Faculty, Universiti Putra Malaysia and Chairman of Malaysian-Egyptian Business Council.
Directorship of public companies (if any): 1. Petroliam Nasional Berhad
2. PETRONAS Gas Berhad
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: N/A
MISC - Change in Boardroom
Announcement Type: Change in BoardroomCompany Name: MISC BERHADStock Name: MISCDate Announced: 09/07/2010
Announcement Detail:Date of change: 08/07/2010
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Ahmad Nizam bin Salleh
Age: 54
Nationality: Malaysian
Qualifications: 1. Bachelor of Business Administration, Ohio University.
2. Advanced Management Program of Wharton School, University of Pennsylvania, USA.
Working experience and occupation: He joined PETRONAS in 1981 and has held various senior management positions including Assistant Project Director, Malaysia LNG (MLNG) 2; Executive Assistant to the President; Senior General Manager Crude Oil Group, PETRONAS; Senior General Manager Group Treasury, PETRONAS prior to holding the post of Managing Director / Chief Executive Officer of MLNG Group of Companies.
He assumed the position of Vice President, Corporate Services, PETRONAS on 1 November 2007 before assuming his current position as Managing Director/Chief Executive Officer of Engen Limited, a South Africa-based energy company.
Directorship of public companies (if any): Bintulu Port Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: N/A
LIONIND - General Announcement
Announcement Type: General AnnouncementCompany Name: LION INDUSTRIES CORPORATION BERHADStock Name: LIONINDDate Announced: 09/07/2010
Announcement Detail:Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: CY-100708-59875
Subject: Lion Industries Corporation Berhad ("LICB" or "the Company")
Proposed joint-venture between Slag Aggregate Sdn Bhd with Tuner Industry & Trade Corp. and Bichain Trading Co. Ltd for the purpose of undertaking a slag processing and metal extraction business ("Proposed Joint-Venture")
Contents: We refer to Bursa Malaysia Securities Berhad's letter dated 8 July 2010 with regard to the Company's announcement dated 6 July 2010 on the Proposed Joint-Venture ("Announcement") and unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Announcement.
As requested, we hereby furnish the following additional information on the Proposed Joint-Venture:
1) DIRECTORS' STATEMENT
The Board of Directors of LICB, having considered all relevant aspects of the Proposed Joint-Venture, is of the opinion that the Proposed Joint-Venture is in the best interest of LICB.
2) HIGHEST PERCENTAGE RATIO APPLICABLE TO THE PROPOSED ACQUISITION
The highest percentage ratio applicable to the Proposed Joint-Venture pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 0.45%.
3) DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company or person connected with them has any interest, direct and/or indirect, in the Proposed Joint-Venture.
4) THE EVENTUAL ISSUED AND PAID-UP CAPITAL OF THE JOINT-VENTURE CORPORATION
The eventual issued and paid-up capital of the JV Co is RM18.0 million.
5) THE NUMBER, TYPE AND PAR VALUE OF THE SHARES OF THE JV CO
The current issued and paid-up capital of the JV Co is RM10 comprising 10 ordinary shares of RM1.00 each. There are no other types of shares issued.
Query Letter content: We refer to your Company's announcement dated 6 July 2010 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) a statement by the board of directors, excluding the interested directors
(if any) stating whether the Proposed Joint-venture is in the best interest of
the Company, and where a director disagrees, a statement by the director
setting out the reasons and the factors taken into consideration in forming
that opinion;
2) the highest percentage ratio applicable to the Proposed Joint-venture
pursuant to paragraph 10.02(g) of the Main Market Listing Requirements ("Main
LR");
3) whether the major shareholders and/or person connected with a director or
major shareholder have any interest, direct or indirect, in the Proposed
Joint-venture and the nature and extent of their interest;
4) the eventual issued and paid-up capital of the joint-venture corporation;
and
5) the number, type and par value of the shares. Where there is more than one
type of shares or securities issued, the the relevant information pursuant to
item (4) of Part B of Appendix 10A of the Main LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
WCY/RZ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
IBHD - Change in Boardroom
Announcement Type: Change in BoardroomCompany Name: I-BERHADStock Name: IBHDDate Announced: 09/07/2010
Announcement Detail:Date of change: 09/07/2010
Type of change: Resignation
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Tan Sri Dato' Sri Hamad Kama Piah Bin Che Othman
Age: 59
Nationality: Malaysian
Qualifications: 1. Honorary Doctorate in Business Administration from Universiti Tenaga Nasional;
2. Masters Degree from University of Swansea, United Kingdom; and
3. Diploma in Statistics from University Technology Mara.
Working experience and occupation: Currently, Y. Bhg. Tan Sri Dato' Sri Hamad Kama Piah is the President & Group Chief Executive of Permodalan Nasional Berhad (PNB).
Directorship of public companies (if any): 1. PNB
2. Amanah Saham Nasional Berhad
3. Pelaburan Hartanah Nasional Berhad
4. Titan Chemicals Corp. Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Y. Bhg. Tan Sri Dato' Sri Hamad Kama Piah is a representative of PNB on the Board of Directors of I-Berhad.
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Y. Bhg. Tan Sri Dato' Sri Hamad Kama Piah's resignation as the Company's Chairman will pave the way for Y. Bhg. Tan Sri Datuk Lim Kim Hong to assume a full time leadership role as the Executive Chairman to drive the Group to the next level of growth.
This announcement is dated 9 July 2010.
IBHD - Change in Boardroom
Announcement Type: Change in BoardroomCompany Name: I-BERHADStock Name: IBHDDate Announced: 09/07/2010
Announcement Detail:Date of change: 09/07/2010
Type of change: Appointment
Designation: Chairman & Executive Director
Directorate: Executive
Name: Tan Sri Datuk Lim Kim Hong
Age: 59
Nationality: Malaysian
Qualifications: Entreprenuer
Working experience and occupation: Y. Bhg. Tan Sri Datuk Lim Kim Hong was previously the Deputy Executive Chairman of the Company.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Y. Bhg. Tan Sri Datuk Lim Kim Hong, a major shareholder of I-Berhad, is the spouse of Y. Bhg. Puan Sri Tey Siew Thuan.
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Y. Bhg. Tan Sri Datuk Lim Kim Hong holds 427,000 ordinary shares in I-Berhad representing 0.40% of the Company's issued and paid-up share capital.
By virtue of his interest in Sumur Ventures Sdn Bhd, Y. Bhg. Tan Sri Datuk Lim Kim Hong is deemed to be interested in 62,337,746 ordinary shares representing 58.59% of the issued and paid-up capital of the Company.
Remarks: Y. Bhg. Tan Sri Datuk Lim Kim Hong's appointment as the Executive Chairman of the Company with effect from today is aimed at driving the Group to the next level of growth.
This announcement is dated 9 July 2010.
TCHONG - Quarterly announcement on provision of financial assistance
Announcement Type: General AnnouncementCompany Name: TAN CHONG MOTOR HOLDINGS BERHADStock Name: TCHONGDate Announced: 09/07/2010
Announcement Detail:Type: Announcement
Subject: Quarterly announcement on provision of financial assistance
Contents: Pursuant to paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") is pleased to announce the information in relation to the loans extended by TC Capital Resources Sdn Bhd, a wholly-owned subsidiary of TCMH, in the ordinary course of its business as a licensed money lender for the second quarter ended 30 June 2010 as set out in the table attached below.
Attachments: Financial Assistance-Q2 2010.pdf
