EQUINE - General Announcement
Announcement Type: General Announcement
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: EQUINE CAPITAL BERHAD ("ECB")
(i) Revocation of Sale and Purchase Agreement dated 19 August 2009 entered into between Taman Equine (M) Sdn Bhd and Jelang Puncak Sdn Bhd
(ii)Joint Development Agreement between Taman Equine (M) Sdn Bhd and Jelang Puncak Sdn Bhd
Contents: The Board of Directors of ECB wishes to announce that its wholly-owned subsidiary, Taman Equine (M) Sdn Bhd had on 27 January 2011 entered into the following agreements with Jelang Puncak Sdn Bhd:
(i) Deed of Revocation to revoke and terminate the Sale and Purchase Agreement dated 19 August 2009; and
(ii) Joint Development Agreement for the development of the land held under Title No. PN 7398, Lot No. 53384, Mukim and District of Petaling, State of Selangor Darul Ehsan measuring approximately 64,303 square metres.
Kindly refer to the attachment for the details of the announcement
Attachments: ECB - Jelang TEM JV Bursa.pdf
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: EQUINE CAPITAL BERHAD ("ECB")
(i) Revocation of Sale and Purchase Agreement dated 19 August 2009 entered into between Taman Equine (M) Sdn Bhd and Jelang Puncak Sdn Bhd
(ii)Joint Development Agreement between Taman Equine (M) Sdn Bhd and Jelang Puncak Sdn Bhd
Contents: The Board of Directors of ECB wishes to announce that its wholly-owned subsidiary, Taman Equine (M) Sdn Bhd had on 27 January 2011 entered into the following agreements with Jelang Puncak Sdn Bhd:
(i) Deed of Revocation to revoke and terminate the Sale and Purchase Agreement dated 19 August 2009; and
(ii) Joint Development Agreement for the development of the land held under Title No. PN 7398, Lot No. 53384, Mukim and District of Petaling, State of Selangor Darul Ehsan measuring approximately 64,303 square metres.
Kindly refer to the attachment for the details of the announcement
Attachments: ECB - Jelang TEM JV Bursa.pdf
IGB - Dissolution of wholly-owned subsidiary companies
Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Dissolution of wholly-owned subsidiary companies
Contents: The Board of IGB wishes to inform that the following wholly-owned subsidiary companies of IGB will be dissolved on 28 January 2011 pursuant to Section 272(5) of the Companies Act 1965:
(1) K Parking Sdn Bhd
(2) Mid Valley City Residences Sdn Bhd
(3) T-Bond Construction Sdn Bhd
The dissolution of the above companies will not have any material impact on the net assets and earnings per share of IGB for the financial year ending 31 December 2011.
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Dissolution of wholly-owned subsidiary companies
Contents: The Board of IGB wishes to inform that the following wholly-owned subsidiary companies of IGB will be dissolved on 28 January 2011 pursuant to Section 272(5) of the Companies Act 1965:
(1) K Parking Sdn Bhd
(2) Mid Valley City Residences Sdn Bhd
(3) T-Bond Construction Sdn Bhd
The dissolution of the above companies will not have any material impact on the net assets and earnings per share of IGB for the financial year ending 31 December 2011.
FBO - General Announcement
Announcement Type: General Announcement
Company Name: FURQAN BUSINESS ORGANISATION BERHAD
Stock Name: FBO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: FURQAN BUSINESS ORGANISATION BERHAD ("FBO" or "the Company")
- HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO: D1-22-1100-2006 DISCOVER ORIENT HOLIDAYS SDN BHD -VS- SEGARWAN SDN BHD & 2 OTHERS
Contents: Reference is made to the Company's announcements dated 9 September 2010, 15 September 2010, 20 September 2010, 28 September 2010 in relation to Civil Suit No: D1-22-1100-2006 and announcement dated 26 January 2011 in relation to out of court settlement on the said Civil Suit.
The Company wishes to further announce that the said out of court settlement will have no material effect on the net assets, earnings per share, share capital and substantial shareholders shareholding of the Company for the financial year ending 31 December 2011.
This announcement is dated 27 January 2011.
Company Name: FURQAN BUSINESS ORGANISATION BERHAD
Stock Name: FBO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: FURQAN BUSINESS ORGANISATION BERHAD ("FBO" or "the Company")
- HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO: D1-22-1100-2006 DISCOVER ORIENT HOLIDAYS SDN BHD -VS- SEGARWAN SDN BHD & 2 OTHERS
Contents: Reference is made to the Company's announcements dated 9 September 2010, 15 September 2010, 20 September 2010, 28 September 2010 in relation to Civil Suit No: D1-22-1100-2006 and announcement dated 26 January 2011 in relation to out of court settlement on the said Civil Suit.
The Company wishes to further announce that the said out of court settlement will have no material effect on the net assets, earnings per share, share capital and substantial shareholders shareholding of the Company for the financial year ending 31 December 2011.
This announcement is dated 27 January 2011.
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: 27/01/2011
Announcement Detail:
Date of buy back: 27/01/2011
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,000
Minimum price paid for each share purchased ($$): 1.710
Maximum price paid for each share purchased ($$): 1.720
Total consideration paid ($$): 27,563.43
Number of shares purchased retained in treasury (units): 16,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,960,700
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.76
Remarks: This announcement is dated 27 January 2011.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 27/01/2011
Announcement Detail:
Date of buy back: 27/01/2011
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,000
Minimum price paid for each share purchased ($$): 1.710
Maximum price paid for each share purchased ($$): 1.720
Total consideration paid ($$): 27,563.43
Number of shares purchased retained in treasury (units): 16,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,960,700
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 (%): 5.76
Remarks: This announcement is dated 27 January 2011.
PACMAS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PACIFICMAS BERHAD
Stock Name: PACMAS
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: PACIFICMAS BERHAD ("PACIFICMAS" OR "COMPANY")
PROPOSED DISPOSAL OF 100 MILLION ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN THE PACIFIC INSURANCE BERHAD TO FAIRFAX ASIA LIMITED FOR A DISPOSAL CONSIDERATION OF RM201 MILLION, SUBJECT TO SUCH ADJUSTMENTS AS SPECIFIED IN THE SHARES SALE AGREEMENT, TO BE SATISFIED ENTIRELY BY CASH ("PROPOSED DISPOSAL")
Contents: 1. INTRODUCTION
We refer to the announcements dated 3 December 2010 and 30 December 2010 ("Announcement") in relation to the Proposed Disposal. Unless otherwise stated or defined, all the terms used herein shall carry the same meaning as defined in the Announcement.
The Proposed Disposal had become unconditional on 30 December 2010. Further thereto, the Company has, on 27 January 2011, entered into a variation letter with Fairfax Asia ("Variation Letter") mainly to set out the specific timeline for completion of the SSA.
2. SALIENT TERMS OF THE VARIATION LETTER
Amongst others, the parties have agreed to the following:-
(a) that the deadline for PacificMas to write to Fairfax Asia to inform Fairfax Asia of the NTA of PIB will be 31 January 2011 or such other date as the parties may agree;
(b) that the NTA of PIB for the purpose of calculating the price payable for the Sale Shares will be the NTA of PIB as at 31 December 2010. Consequently, for clarity, any change in the NTA of PIB after 31 December 2010 will not accrue to PacificMas;
(c) if Fairfax Asia does not reply to PacificMas within 5 business days of PacificMas' notification of the NTA of PIB, or if Fairfax Asia does not agree with the NTA provided by PacificMas, Fairfax Asia will within 10 business days of PacificMas' notification, appoint an independent auditor of its choice to determine the NTA in accordance with the varied SSA, and inform PacificMas of the said appointment in writing, and the parties agree that the findings of the independent auditor (which must be made available to PacificMas and Fairfax Asia within 15 business days of its appointment) will be final; and
(d) the definition of Completion Date be amended to mean the business days falling:-
(i) 10 business days after determination of the NTA of PIB in accordance with the varied SSA; or
(ii) 3 business days after Fairfax Asia has been notified in writing by PacificMas' solicitors that the share transfer form in favour of Fairfax Asia in respect of the Sale Shares has been duly stamped;
whichever is later, or such other date as may be agreed upon between the parties.
3. EFFECTS OF THE VARIATION LETTER
The Variation Letter will not have any effect on the share capital and substantial shareholders' shareholdings of the Company.
The effect on the NA, gearing and EPS of the PacificMas Group will depend on the gain or loss on disposal which can only be determined upon finalization of the NTA between the parties as set out in Section 2 above.
4. OTHER MATTER
As a result of the Variation Letter, the Proposed Disposal is expected to be completed by April 2011.
This announcement is dated 27 January 2011.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PACIFICMAS BERHAD
Stock Name: PACMAS
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: PACIFICMAS BERHAD ("PACIFICMAS" OR "COMPANY")
PROPOSED DISPOSAL OF 100 MILLION ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN THE PACIFIC INSURANCE BERHAD TO FAIRFAX ASIA LIMITED FOR A DISPOSAL CONSIDERATION OF RM201 MILLION, SUBJECT TO SUCH ADJUSTMENTS AS SPECIFIED IN THE SHARES SALE AGREEMENT, TO BE SATISFIED ENTIRELY BY CASH ("PROPOSED DISPOSAL")
Contents: 1. INTRODUCTION
We refer to the announcements dated 3 December 2010 and 30 December 2010 ("Announcement") in relation to the Proposed Disposal. Unless otherwise stated or defined, all the terms used herein shall carry the same meaning as defined in the Announcement.
The Proposed Disposal had become unconditional on 30 December 2010. Further thereto, the Company has, on 27 January 2011, entered into a variation letter with Fairfax Asia ("Variation Letter") mainly to set out the specific timeline for completion of the SSA.
2. SALIENT TERMS OF THE VARIATION LETTER
Amongst others, the parties have agreed to the following:-
(a) that the deadline for PacificMas to write to Fairfax Asia to inform Fairfax Asia of the NTA of PIB will be 31 January 2011 or such other date as the parties may agree;
(b) that the NTA of PIB for the purpose of calculating the price payable for the Sale Shares will be the NTA of PIB as at 31 December 2010. Consequently, for clarity, any change in the NTA of PIB after 31 December 2010 will not accrue to PacificMas;
(c) if Fairfax Asia does not reply to PacificMas within 5 business days of PacificMas' notification of the NTA of PIB, or if Fairfax Asia does not agree with the NTA provided by PacificMas, Fairfax Asia will within 10 business days of PacificMas' notification, appoint an independent auditor of its choice to determine the NTA in accordance with the varied SSA, and inform PacificMas of the said appointment in writing, and the parties agree that the findings of the independent auditor (which must be made available to PacificMas and Fairfax Asia within 15 business days of its appointment) will be final; and
(d) the definition of Completion Date be amended to mean the business days falling:-
(i) 10 business days after determination of the NTA of PIB in accordance with the varied SSA; or
(ii) 3 business days after Fairfax Asia has been notified in writing by PacificMas' solicitors that the share transfer form in favour of Fairfax Asia in respect of the Sale Shares has been duly stamped;
whichever is later, or such other date as may be agreed upon between the parties.
3. EFFECTS OF THE VARIATION LETTER
The Variation Letter will not have any effect on the share capital and substantial shareholders' shareholdings of the Company.
The effect on the NA, gearing and EPS of the PacificMas Group will depend on the gain or loss on disposal which can only be determined upon finalization of the NTA between the parties as set out in Section 2 above.
4. OTHER MATTER
As a result of the Variation Letter, the Proposed Disposal is expected to be completed by April 2011.
This announcement is dated 27 January 2011.
COASTAL - General Announcement
Announcement Type: General Announcement
Company Name: COASTAL CONTRACTS BHD
Stock Name: COASTAL
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Coastal Contracts Bhd ("Company") - Memorandum of Understanding ("MoU") between Ramunia Fabricators Sdn Bhd ("RFSB") and Pleasant Engineering Sdn Bhd ("PESB")
Contents: With reference to the Company's announcement on 28 January 2010 in relation to the MoU entered into between RFSB (wholly-owned subsidiary of Ramunia Holdings Bhd) and PESB for the proposed collaboration to undertake the tendering, bidding and fabrication in relation to structures for the oil and gas industry, the Company wishes to inform that there has been no material development since the signing of the MoU.
Company Name: COASTAL CONTRACTS BHD
Stock Name: COASTAL
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Coastal Contracts Bhd ("Company") - Memorandum of Understanding ("MoU") between Ramunia Fabricators Sdn Bhd ("RFSB") and Pleasant Engineering Sdn Bhd ("PESB")
Contents: With reference to the Company's announcement on 28 January 2010 in relation to the MoU entered into between RFSB (wholly-owned subsidiary of Ramunia Holdings Bhd) and PESB for the proposed collaboration to undertake the tendering, bidding and fabrication in relation to structures for the oil and gas industry, the Company wishes to inform that there has been no material development since the signing of the MoU.
THPLANT - THPLANT-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: TH PLANTATIONS BERHAD
Stock Name: THPLANT
Date Announced: 27/01/2011
Announcement Detail:
Subject: THPLANT-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 1,672,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 31 January 2011.
Company Name: TH PLANTATIONS BERHAD
Stock Name: THPLANT
Date Announced: 27/01/2011
Announcement Detail:
Subject: THPLANT-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 1,672,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 31 January 2011.
SWEEJOO - General Announcement
Announcement Type: General Announcement
Company Name: SWEE JOO BERHAD
Stock Name: SWEEJOO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Proposed Shareholders' Mandate for Recurrent Related Party Transaction of a revenue or trading nature
Contents: The Board of Directors of Swee Joo Berhad ("SJB" or "the Company")wishes to announce that SJB would be seeking its shareholders' approval on a shareholders' Mandate for Recurrent Related Party Transaction of a revenue or trading nature at the forthcoming Annual General Meeting ("AGM")of the Company.
The Notice of the AGM to be convened for approving the above proposal will be announced at a later date.
A Circular setting out details of the said proposal will be despatched to the Shareholders of the Company in due course.
This announcement is dated 27 Janaury 2011.
Company Name: SWEE JOO BERHAD
Stock Name: SWEEJOO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: Proposed Shareholders' Mandate for Recurrent Related Party Transaction of a revenue or trading nature
Contents: The Board of Directors of Swee Joo Berhad ("SJB" or "the Company")wishes to announce that SJB would be seeking its shareholders' approval on a shareholders' Mandate for Recurrent Related Party Transaction of a revenue or trading nature at the forthcoming Annual General Meeting ("AGM")of the Company.
The Notice of the AGM to be convened for approving the above proposal will be announced at a later date.
A Circular setting out details of the said proposal will be despatched to the Shareholders of the Company in due course.
This announcement is dated 27 Janaury 2011.
SWEEJOO - General Announcement
Announcement Type: General Announcement
Company Name: SWEE JOO BERHAD
Stock Name: SWEEJOO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: SWEE JOO BERHAD ("SJB" OR "THE COMPANY")
(1) DEVIATION BETWEEN ANNOUNCED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AGAINST THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(2) QUALIFICATION IN EXTERNAL AUDITORS' REPORT
Contents: (1) DEVIATION BETWEEN ANNOUNCED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AGAINST THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS
Pursuant to Section 9.19 (35) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SJB wishes to inform that there is a deviation of more than 10% between the profit after tax and minority interest stated in the unaudited fourth quarter results ended 30 September 2010 (announced on 29 November 2010) and the Company's audited financial statements for the financial year ended 30 September 2010.
The major cause of the deviation is due to additional impairment as shown in Appendix 1 attached.
(2) QUALIFICATION IN AUDITORS' REPORT
Pursuant to Section 9.19 (37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SJB wishes to inform that the external auditors has qualified the financial statements for the financial year ended 30 September 2010. The extract of the basis of qualification by the external auditors is shown in Appendix 2 as attached.
(This announcement is dated 27 January 2011.)
Attachments: SJB - APPENDIX 1.pdf
SJB - APPENDIX 2.pdf
Company Name: SWEE JOO BERHAD
Stock Name: SWEEJOO
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: SWEE JOO BERHAD ("SJB" OR "THE COMPANY")
(1) DEVIATION BETWEEN ANNOUNCED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AGAINST THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(2) QUALIFICATION IN EXTERNAL AUDITORS' REPORT
Contents: (1) DEVIATION BETWEEN ANNOUNCED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AGAINST THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS
Pursuant to Section 9.19 (35) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SJB wishes to inform that there is a deviation of more than 10% between the profit after tax and minority interest stated in the unaudited fourth quarter results ended 30 September 2010 (announced on 29 November 2010) and the Company's audited financial statements for the financial year ended 30 September 2010.
The major cause of the deviation is due to additional impairment as shown in Appendix 1 attached.
(2) QUALIFICATION IN AUDITORS' REPORT
Pursuant to Section 9.19 (37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SJB wishes to inform that the external auditors has qualified the financial statements for the financial year ended 30 September 2010. The extract of the basis of qualification by the external auditors is shown in Appendix 2 as attached.
(This announcement is dated 27 January 2011.)
Attachments: SJB - APPENDIX 1.pdf
SJB - APPENDIX 2.pdf
TAS - APPOINTMENT AND RESIGNATION OF CHAIRMAN
Announcement Type: General Announcement
Company Name: TAS OFFSHORE BERHAD
Stock Name: TAS
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: APPOINTMENT AND RESIGNATION OF CHAIRMAN
Contents: TAS OFFSHORE BERHAD wishes to announce the appointment of Datuk Lau Nai Hoh as Chairman of the Board in place of Datu Haji Mohammed Sepuan Bin Anu who resigned as Director of the Company with immediate effect.
The Board of Directors now comprises of the following:-
1. Datuk Lau Nai Hoh - Executive Chairman/Managing Director
2. Mr Lau Choo Chin - Deputy Managing Director
3. Mr Lau Kiing Yiing - Independent Non-Executive Director
4. Tan Sri Dato' Seri Mohd Jamil Bin Johari - Independent Non-Executive Director
5. Ling Ka Chuan - Independent Non-Executive Director
This announcement is dated 27 January 2011.
Company Name: TAS OFFSHORE BERHAD
Stock Name: TAS
Date Announced: 27/01/2011
Announcement Detail:
Type: Announcement
Subject: APPOINTMENT AND RESIGNATION OF CHAIRMAN
Contents: TAS OFFSHORE BERHAD wishes to announce the appointment of Datuk Lau Nai Hoh as Chairman of the Board in place of Datu Haji Mohammed Sepuan Bin Anu who resigned as Director of the Company with immediate effect.
The Board of Directors now comprises of the following:-
1. Datuk Lau Nai Hoh - Executive Chairman/Managing Director
2. Mr Lau Choo Chin - Deputy Managing Director
3. Mr Lau Kiing Yiing - Independent Non-Executive Director
4. Tan Sri Dato' Seri Mohd Jamil Bin Johari - Independent Non-Executive Director
5. Ling Ka Chuan - Independent Non-Executive Director
This announcement is dated 27 January 2011.
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