EBWORX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 13/01/2011
Announcement Detail:
Date of buy back: 13/01/2011
Description of shares purchased: Ordinary shares of RM 0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 0.430
Maximum price paid for each share purchased ($$): 0.430
Total consideration paid ($$): 2,150.00
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 10,095,700
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.64
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 13/01/2011
Announcement Detail:
Date of buy back: 13/01/2011
Description of shares purchased: Ordinary shares of RM 0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 0.430
Maximum price paid for each share purchased ($$): 0.430
Total consideration paid ($$): 2,150.00
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 10,095,700
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.64
TEJARI - General Announcement
Announcement Type: General Announcement
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" or "THE COMPANY")
- Articles in "Business Times" dated 13 January 2011 titled "Tejari eyes 20pc revenue growth", "The Malaysian Reserve" dated 13 January 2011 titled "Tejari eyes 20% revenue growth with 2011 expansion plan" and "The Edge Financial Daily" dated 13 January 2011 titled "Tejari targets 20% revenue growth this year"
Contents: We refer to the above mentioned articles in The Business Times, The Malaysian Reserve, and The Edge Financial Daily on the target of 20% revenue growth this year.
We wish to clarify that references to our target of 20% revenue growth for the current financial year appearing in the said articles was made after taking into consideration our quarterly results for the 9-months financial period ended 31 August 2010 where our revenue was RM53.3 million as compared to RM11.4 million in the preceding 9-months financial period ended 31 August 2009 mainly due to the consolidation of revenue from the two new subsidiaries, namely PC3 Technology Sdn Bhd and Essential Action Sdn Bhd pursuant to the completion of their acquisitions in July 2010. In view of the above, barring any unforeseen circumstances, we are of the opinion that our consolidated revenue will grow by at least 20% for the current financial year ending 30 November 2011 as the Group will be consolidating the results of the said subsidiaries for a full financial year.
This announcement is dated 13 January 2011.
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" or "THE COMPANY")
- Articles in "Business Times" dated 13 January 2011 titled "Tejari eyes 20pc revenue growth", "The Malaysian Reserve" dated 13 January 2011 titled "Tejari eyes 20% revenue growth with 2011 expansion plan" and "The Edge Financial Daily" dated 13 January 2011 titled "Tejari targets 20% revenue growth this year"
Contents: We refer to the above mentioned articles in The Business Times, The Malaysian Reserve, and The Edge Financial Daily on the target of 20% revenue growth this year.
We wish to clarify that references to our target of 20% revenue growth for the current financial year appearing in the said articles was made after taking into consideration our quarterly results for the 9-months financial period ended 31 August 2010 where our revenue was RM53.3 million as compared to RM11.4 million in the preceding 9-months financial period ended 31 August 2009 mainly due to the consolidation of revenue from the two new subsidiaries, namely PC3 Technology Sdn Bhd and Essential Action Sdn Bhd pursuant to the completion of their acquisitions in July 2010. In view of the above, barring any unforeseen circumstances, we are of the opinion that our consolidated revenue will grow by at least 20% for the current financial year ending 30 November 2011 as the Group will be consolidating the results of the said subsidiaries for a full financial year.
This announcement is dated 13 January 2011.
GUANCHG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Submitting Merchant Bank: N/A
Company Name: GUAN CHONG BERHAD
Stock Name: GUANCHG
Date Announced: 13/01/2011
Announcement Detail:
Date of buy back: 13/01/2011
Description of shares purchased: Ordinary shares of RM0.25 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 140,000
Minimum price paid for each share purchased ($$): 2.360
Maximum price paid for each share purchased ($$): 2.400
Total consideration paid ($$): 334,590.86
Number of shares purchased retained in treasury (units): 140,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 323,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.13
Remarks: The share buy-back authority was granted by the shareholders of Guan Chong Berhad at the Extraordinary General Meeting held on 20 December 2010.
Submitting Merchant Bank: N/A
Company Name: GUAN CHONG BERHAD
Stock Name: GUANCHG
Date Announced: 13/01/2011
Announcement Detail:
Date of buy back: 13/01/2011
Description of shares purchased: Ordinary shares of RM0.25 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 140,000
Minimum price paid for each share purchased ($$): 2.360
Maximum price paid for each share purchased ($$): 2.400
Total consideration paid ($$): 334,590.86
Number of shares purchased retained in treasury (units): 140,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 323,000
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 (%): 0.13
Remarks: The share buy-back authority was granted by the shareholders of Guan Chong Berhad at the Extraordinary General Meeting held on 20 December 2010.
SUNREIT - General Announcement
Announcement Type: General Announcement
Company Name: SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name: SUNREIT
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- 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, Sunway REIT Management Sdn Bhd, the management company of SunReit, wishes to announce that Sarena Cheah Yean Tih, the Non-Independent Non-Executive Director of Sunway REIT Management Sdn Bhd, has given notice that Sunway REIT Management Sdn Bhd has transferred 2,235,600 units to its holding company, Sunway City Berhad, details as set out in Table 1 below.
Sunway REIT Management Sdn Bhd and Sunway City Berhad are companies in which Sarena Cheah Yean Tih has deemed interests pursuant to Section 6A of the Companies Act, 1965. Effectively, there is no change in the deemed interest of Sarena Cheah Yean Tih.
This announcement is dated 13 January 2011.
Company Name: SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name: SUNREIT
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- 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, Sunway REIT Management Sdn Bhd, the management company of SunReit, wishes to announce that Sarena Cheah Yean Tih, the Non-Independent Non-Executive Director of Sunway REIT Management Sdn Bhd, has given notice that Sunway REIT Management Sdn Bhd has transferred 2,235,600 units to its holding company, Sunway City Berhad, details as set out in Table 1 below.
Sunway REIT Management Sdn Bhd and Sunway City Berhad are companies in which Sarena Cheah Yean Tih has deemed interests pursuant to Section 6A of the Companies Act, 1965. Effectively, there is no change in the deemed interest of Sarena Cheah Yean Tih.
This announcement is dated 13 January 2011.
SUNREIT - General Announcement
Announcement Type: General Announcement
Company Name: SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name: SUNREIT
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- 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, Sunway REIT Management Sdn Bhd, the management company of SunReit, wishes to announce that Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling, the Non-Independent Non-Executive Chairman of Sunway REIT Management Sdn Bhd, has given notice that Sunway REIT Management Sdn Bhd has transferred 2,235,600 units to its holding company, Sunway City Berhad, details as set out in Table 1 below.
Sunway REIT Management Sdn Bhd and Sunway City Berhad are companies in which Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling has deemed interests pursuant to Section 6A of the Companies Act, 1965. Effectively, there is no change in the deemed interest of Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling.
This announcement is dated 13 January 2011.
Company Name: SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name: SUNREIT
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- 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, Sunway REIT Management Sdn Bhd, the management company of SunReit, wishes to announce that Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling, the Non-Independent Non-Executive Chairman of Sunway REIT Management Sdn Bhd, has given notice that Sunway REIT Management Sdn Bhd has transferred 2,235,600 units to its holding company, Sunway City Berhad, details as set out in Table 1 below.
Sunway REIT Management Sdn Bhd and Sunway City Berhad are companies in which Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling has deemed interests pursuant to Section 6A of the Companies Act, 1965. Effectively, there is no change in the deemed interest of Tan Sri Dato' Seri Dr Jeffrey Cheah Fook Ling.
This announcement is dated 13 January 2011.
HLCAP - Hong Leong Capital Berhad (the "Company") - Public Shareholding Spread
Announcement Type: General Announcement
Company Name: HONG LEONG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Hong Leong Capital Berhad (the "Company")
- Public Shareholding Spread
Contents: The Company writes to inform that as at 31 December 2010, the public shareholding spread of the Company was 20.42% of the total issued and paid-up share capital of the Company.
This announcement is dated 13 January 2011.
Company Name: HONG LEONG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Hong Leong Capital Berhad (the "Company")
- Public Shareholding Spread
Contents: The Company writes to inform that as at 31 December 2010, the public shareholding spread of the Company was 20.42% of the total issued and paid-up share capital of the Company.
This announcement is dated 13 January 2011.
SINDORA - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 13/01/2011
Announcement Detail:
Date of change: 13/01/2011
Type of change: Appointment
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Kamaruzzaman Bin Abu Kassim
Age: 46
Nationality: Malaysian
Qualifications: Bachelor Of Commerce (Accountancy) , University of Wollongong, New South Wales, Australia in 1987
Working experience and occupation: 1. Audit Assistant -K.E.Chan & Associates (1988)
2. Audit Assistant-Coopers & Lybrand
3. Deputy Manager, Corporate Finance, Johor Corporation (1992)
4. General Manager, Corporate Finance, Johor Corporation (1999-2000)
5. Executive Director , Damansara Realty Berhad (2000-2006)
6. Chief Operating Officer, Johor Corporation (August 2006)
7. Senior Vice President, Corporate Services & International Business and Finance, Johor Corporation
(January 2009)
8. Senior Vice President, Corporate Services & Finance, Johor Corporation
(January 2010)
9. Acting President and Chief Executive Officer, Johor Corporation (July 2010)
10. President and Chief Executive Officer, Johor Corporation (1 December 2010)
Directorship of public companies (if any): 1. Waqaf An-Nur Corporation Berhad
2. KPJ Healthcare Berhad
3. Damansara Realty Berhad
4. Kulim (Malaysia) Berhad
5. QSR Brands Bhd
6. KFC Holdings (Malaysia) Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
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
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 13/01/2011
Announcement Detail:
Date of change: 13/01/2011
Type of change: Appointment
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Kamaruzzaman Bin Abu Kassim
Age: 46
Nationality: Malaysian
Qualifications: Bachelor Of Commerce (Accountancy) , University of Wollongong, New South Wales, Australia in 1987
Working experience and occupation: 1. Audit Assistant -K.E.Chan & Associates (1988)
2. Audit Assistant-Coopers & Lybrand
3. Deputy Manager, Corporate Finance, Johor Corporation (1992)
4. General Manager, Corporate Finance, Johor Corporation (1999-2000)
5. Executive Director , Damansara Realty Berhad (2000-2006)
6. Chief Operating Officer, Johor Corporation (August 2006)
7. Senior Vice President, Corporate Services & International Business and Finance, Johor Corporation
(January 2009)
8. Senior Vice President, Corporate Services & Finance, Johor Corporation
(January 2010)
9. Acting President and Chief Executive Officer, Johor Corporation (July 2010)
10. President and Chief Executive Officer, Johor Corporation (1 December 2010)
Directorship of public companies (if any): 1. Waqaf An-Nur Corporation Berhad
2. KPJ Healthcare Berhad
3. Damansara Realty Berhad
4. Kulim (Malaysia) Berhad
5. QSR Brands Bhd
6. KFC Holdings (Malaysia) Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
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
SINDORA - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 13/01/2011
Announcement Detail:
Date of change: 13/01/2011
Type of change: Resignation
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Tan Sri Dato' Muhammad Ali Hashim
Age: 63
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hon.), University Malaya (1969)
Senior Executive Programme, Stanford University, USA (1985)
Working experience and occupation: 1. Economic Relations Officer, Bank Negara Malaysia (1971)
2. Chief Assistant Secretary, Sarawak Chief Minister's Office, Sarawak (1972)
3. Deputy Director, Planning Unit, Sarawak State Government (1974 - 1977)
4. Project Manager, Kulim (Malaysia) Berhad (1978)
5. President of Pasir Gudang Local Authority (1982 - 2009)
6. Group Chief Executive of Johor Corporation (1982 - 29 July 2010)
Directorship of public companies (if any): Waqaf An-Nur Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
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
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 13/01/2011
Announcement Detail:
Date of change: 13/01/2011
Type of change: Resignation
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Tan Sri Dato' Muhammad Ali Hashim
Age: 63
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hon.), University Malaya (1969)
Senior Executive Programme, Stanford University, USA (1985)
Working experience and occupation: 1. Economic Relations Officer, Bank Negara Malaysia (1971)
2. Chief Assistant Secretary, Sarawak Chief Minister's Office, Sarawak (1972)
3. Deputy Director, Planning Unit, Sarawak State Government (1974 - 1977)
4. Project Manager, Kulim (Malaysia) Berhad (1978)
5. President of Pasir Gudang Local Authority (1982 - 2009)
6. Group Chief Executive of Johor Corporation (1982 - 29 July 2010)
Directorship of public companies (if any): Waqaf An-Nur Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
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
SATANG - Satang Holdings Berhad ("Satang" or "the Company") Extraordinary General Meeting
Announcement Type: General Announcement
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Satang Holdings Berhad ("Satang" or "the Company")
Extraordinary General Meeting
Contents: The Company wishes to announce that an Extraordinary General Meeting will be held at Juara Room, Level 1, Klang Executive Club, Persiaran Bukit Raja 2, Bandar Baru Klang, 41150 Klang on Monday, 31 January 2011 at 10.00 a.m.
Please refer to the attached notice for further details.
This announcement is dated 13 January 2011.
Attachments: Notice of EGM 31.1.2011.pdf
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Satang Holdings Berhad ("Satang" or "the Company")
Extraordinary General Meeting
Contents: The Company wishes to announce that an Extraordinary General Meeting will be held at Juara Room, Level 1, Klang Executive Club, Persiaran Bukit Raja 2, Bandar Baru Klang, 41150 Klang on Monday, 31 January 2011 at 10.00 a.m.
Please refer to the attached notice for further details.
This announcement is dated 13 January 2011.
Attachments: Notice of EGM 31.1.2011.pdf
INTEGRA - General Announcement
Announcement Type: General Announcement
Company Name: INTEGRAX BERHAD
Stock Name: INTEGRA
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Originating Summons by the Company and its wholly owned subsidiary Pelabuhan Lumut Sdn Bhd on Perak Corporation Berhad, its wholly owned subsidiary Taipan Merit Sdn Bhd and others
Contents: With reference to the Company's announcement on 19 November 2010 and 22 November 2010, the Company wishes to inform that at the hearing of the Originating Summons ["OS"] filed by the Company and its wholly owned subsidiary Pelabuhan Lumut Sdn Bhd [both the Company and Pelabuhan Lumut Sdn Bhd shall collectively referred to as "the Plaintiffs"] on Perak Corporation Berhad ["PCB"], PCB's wholly owned subsidiary, Taipan Merit Sdn Bhd ["TMSB"], Lumut Maritime Terminal Sdn Bhd ["LMTSB"], TMSB's nominee directors on the board of directors of LMTSB and En. Amin bin Halim Rasip ["En Amin"], the Honourable Court had ordered by consent the following -
1. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, En Amin shall not act and/or in any way hold himself out as director and/or Chief Executive Officer of LMTSB.
2. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, the defendants shall not pass any resolutions pertaining to any of the matters defined as "Reserved Matters" as set out in Clause 8.1 of the Shareholders Agreement dated 21.9.2001 without the approval of Pelabuhan Lumut Sdn Bhd.
3. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, TMSB and the nominee directors on the board of directors of LMTSB shall revoke the resolution passed on 11 May 2010 changing the bank signatories of LMTSB and that the following accounts shall be operated in the following manner set out below subject to the condition that such manner of operation shall not in any way whatsoever cause delay or disruption to the business, operations and management of LMTSB -
ACCOUNT NUMBERS : 0817-0001318-05-6 and 0817-0000997-05-0
That any of the following persons -
Harun bin Halim Rasip
Theresa Kong Lye Fun
TO SIGN JOINTLY WITH
EITHER Harbhajan Singh a/l Ujagar Singh OR Dato' Samsudin bin Hashim
4. An Order that pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, the management of LMTSB shall be overseen by a Management Supervisory Committee comprising two [2] members nominated by the Company [by themselves through their named alternates] and two [2] members nominated by TMSB [by themselves through their named alternates] to be operated pursuant to the terms of the Shareholders Agreement which shall be constituted on 27.1.2011 and shall replace the Executive Management Committee formed by TMSB pursuant to the Board of Directors resolution dated 18.11.2010 which shall cease to operate from 27.1.2011.
5. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, TMSB is entitled to nominate En Amin as member of the Management Supervisory Committee.
6. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, the Plaintiffs and the defendants agree that the appointment of the Chief Executive Officer of LMTSB shall be carried out in accordance with the Shareholders Agreement.
The Company further refers you to any related announcements by Perak Corporation Berhad made to Bursa Malaysia on the aforesaid subject matter.
This announcement is dated 13 January 2011.
Company Name: INTEGRAX BERHAD
Stock Name: INTEGRA
Date Announced: 13/01/2011
Announcement Detail:
Type: Announcement
Subject: Originating Summons by the Company and its wholly owned subsidiary Pelabuhan Lumut Sdn Bhd on Perak Corporation Berhad, its wholly owned subsidiary Taipan Merit Sdn Bhd and others
Contents: With reference to the Company's announcement on 19 November 2010 and 22 November 2010, the Company wishes to inform that at the hearing of the Originating Summons ["OS"] filed by the Company and its wholly owned subsidiary Pelabuhan Lumut Sdn Bhd [both the Company and Pelabuhan Lumut Sdn Bhd shall collectively referred to as "the Plaintiffs"] on Perak Corporation Berhad ["PCB"], PCB's wholly owned subsidiary, Taipan Merit Sdn Bhd ["TMSB"], Lumut Maritime Terminal Sdn Bhd ["LMTSB"], TMSB's nominee directors on the board of directors of LMTSB and En. Amin bin Halim Rasip ["En Amin"], the Honourable Court had ordered by consent the following -
1. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, En Amin shall not act and/or in any way hold himself out as director and/or Chief Executive Officer of LMTSB.
2. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, the defendants shall not pass any resolutions pertaining to any of the matters defined as "Reserved Matters" as set out in Clause 8.1 of the Shareholders Agreement dated 21.9.2001 without the approval of Pelabuhan Lumut Sdn Bhd.
3. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, TMSB and the nominee directors on the board of directors of LMTSB shall revoke the resolution passed on 11 May 2010 changing the bank signatories of LMTSB and that the following accounts shall be operated in the following manner set out below subject to the condition that such manner of operation shall not in any way whatsoever cause delay or disruption to the business, operations and management of LMTSB -
ACCOUNT NUMBERS : 0817-0001318-05-6 and 0817-0000997-05-0
That any of the following persons -
Harun bin Halim Rasip
Theresa Kong Lye Fun
TO SIGN JOINTLY WITH
EITHER Harbhajan Singh a/l Ujagar Singh OR Dato' Samsudin bin Hashim
4. An Order that pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, the management of LMTSB shall be overseen by a Management Supervisory Committee comprising two [2] members nominated by the Company [by themselves through their named alternates] and two [2] members nominated by TMSB [by themselves through their named alternates] to be operated pursuant to the terms of the Shareholders Agreement which shall be constituted on 27.1.2011 and shall replace the Executive Management Committee formed by TMSB pursuant to the Board of Directors resolution dated 18.11.2010 which shall cease to operate from 27.1.2011.
5. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, TMSB is entitled to nominate En Amin as member of the Management Supervisory Committee.
6. That pending the final disposal or determination of the pending arbitration between the Plaintiffs and TMSB vide notice of arbitration dated 10.11.2010 or further order of the arbitral tribunal, and without prejudice to the rights of the parties in the arbitration proceedings, the Plaintiffs and the defendants agree that the appointment of the Chief Executive Officer of LMTSB shall be carried out in accordance with the Shareholders Agreement.
The Company further refers you to any related announcements by Perak Corporation Berhad made to Bursa Malaysia on the aforesaid subject matter.
This announcement is dated 13 January 2011.
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