January 11, 2011

Company announcements: FBMKLCI-EA, MYETFDJ, TM, SWEEJOO, RCECAP, KESM, HIRO, WCT, SEG

FBMKLCI-EA - FBM KLCI etf - Valuation Point as at 11 January 2011

Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: FBM KLCI etf - Valuation Point as at 11 January 2011

Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.5800
Units in circulation (units): 2,508,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,562.94

Attachments: FBM KLCI etf 20110111.xls


MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 11-01-2011

Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 11-01-2011

Contents: Fund: MYETFDJ
NAV per unit (RM): 0.9818
Units in Circulation (units): 647,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index: 883.08

Attachments: Daily Fund Values 110111.pdf


TM - General Announcement

Announcement Type: General Announcement
Company Name: TELEKOM MALAYSIA BERHAD
Stock Name: TM
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: KUALA LUMPUR HIGH COURT (COMMERCIAL DIVISION) SUIT NO. D-22-1268-2009
NETWORK GUIDANCE (M) SDN BHD V TELEKOM MALAYSIA BERHAD AND TM NET SDN BHD

Contents: Telekom Malaysia Berhad ('TM') refers to its previous announcement dated 3 September 2010 (TM-100903-710CD).


SWEEJOO - SWEE JOO BERHAD ("SJB" or the "Company")

Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: SWEE JOO BERHAD
Stock Name: SWEEJOO
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: SWEE JOO BERHAD ("SJB" or the "Company")

Contents: We refer to the earlier announcement made by the Company dated 13 October 2010. On behalf of SJB, we wish to announce that SJB's solicitors had on 11 January 2011 notified SJB that the the application for extension of restraining order under Section 176 of the Companies Act 1965 which will expire on 12 January 2011 was granted an extension of 90 days by the High Court in Sabah and Sarawak at Kuching.

The restraining order is not expected to have any financial and operational impact on SJB.

This announcement is dated 11 January 2011.


RCECAP - QUARTERLY DISCLOSURE ON THE PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company Name: RCE CAPITAL BERHAD
Stock Name: RCECAP
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: QUARTERLY DISCLOSURE ON THE PROVISION OF FINANCIAL ASSISTANCE

Contents: RCE Capital Berhad wishes to announce the status of the above in relation to its moneylending business as at 31 December 2010.

This announcement is dated 11 January 2011.

Attachments: RCE Capital Berhad - Financial Assistance Q3 (31.12.2010).pdf


KESM - General Announcement

Announcement Type: General Announcement
Company Name: KESM INDUSTRIES BERHAD
Stock Name: KESM
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: KESM INDUSTRIES BERHAD ("KESMI")
- Thirty-Ninth Annual General Meeting ("39th AGM") and Extraordinary General Meeting ("EGM")

Contents: The Board of Directors of KESMI wishes to announce that at the 39th AGM and EGM held today, all the resolutions tabled were passed by the shareholders present.


HIRO - NOTICE OF EXTRAORDINARY GENERAL MEETING

Announcement Type: General Announcement
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING

Contents: The Board of Directors of Hirotako Holdings Berhad (HHB) wishes to announce that HHB will be holding its Extraordinary General Meeting at Function Room 1, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Friday, 28 January 2011 at 10.00 a.m.

The full text of the Notice of EGM is attached herewith.

This announcement is dated 11 January 2011.

Attachments: Hirotako.pdf


WCT - Listing Circular

Announcement Type: Listing Circular
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 11/01/2011

Announcement Detail:
Subject: WCT-CONVERSION OF 143,000 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2007/2012 OF RM0.10 EACH INTO 28,600 NEW ORDINARY SHARES OF RM0.50 EACH ("CONVERSION")

Contents: Kindly be advised that the abovementioned Company's additional 28,600 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00a.m., Thursday, 13 January 2011.


SEG - ACQUISITION OF AN UNQUOTED COMPANY

Announcement Type: General Announcement
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: ACQUISITION OF AN UNQUOTED COMPANY

Contents: The Board of Directors of SEG International Bhd is pleased to announce that its wholly owned subsidiary company, SEG International Group Sdn Bhd, had on 11 January 2011 acquired 100,000 ordinary shares of RM1.00 each, representing the entire issued and paid-up share capital of Platinum Icon Sdn Bhd, for a total cash consideration of RM100,000.00. ("the Acquisition").

Platinum Icon Sdn Bhd is a private limited company which has an authorised share capital of RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each, all of which were issued and fully paid-up. Platinum Icon Sdn Bhd is a software development company where its core business activity is to develop software business solutions for its clients.

The Acquisition was funded through internally generated funds and it is not expected to have any immediate material impact on the earnings, net assets and gearing of the Group for the financial year ending 31 December 2011. The Acquisition is not subject to any approval.

None of the directors and/or substantial shareholders and/or persons connected with the directors or substantial shareholders have any interest, direct or indirect, in the Acquisition.

The Board of Directors is of the opinion that the Acquisition is in the best interest of the Group.

This announcement is made pursuant to Part J of Chapter 9 of the Main Market Listing Requirements.

This announcement is dated 11 January 2011.


SEG - General Announcement

Announcement Type: General Announcement
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 11/01/2011

Announcement Detail:
Type: Announcement

Subject: Execution of Heads of Agreement between SEGi University College (M) Sdn Bhd and Oakfine Development Sdn Bhd

Contents: 1. INTRODUCTION

The Board of Directors of SEG International Bhd ("SEGi" or "the Company") wishes to announce that its wholly owned subsidiary, SEGi University College (M) Sdn Bhd ("SEGi University College"), had on 10 January 2011, entered into a Heads of Agreement with Oakfine Development Sdn Bhd ("Oakfine") for the future expansion of the SEGi Group's business in Perak Darul Ridzuan.

2. DETAILS OF THE HEADS OF AGREEMENT ("THE AGREEMENT")

2.1 Information on SEGi University College and Oakfine

SEGi University College is a private limited company incorporated on 27 April 1983 under the Companies Act, 1965 and currently has an authorised share capital of RM5,000,000.00 comprising 5,000,000 ordinary shares of RM1.00 each, of which RM2,500,001.00 comprising 2,500,001 ordinary shares of RM1.00 each were issued and fully paid-up.

SEGi University College is one of the leading private higher education providers in Malaysia. It offers professional, commercial and academic education as well as training services. SEGi University College, together with its fellow subsidiary companies, now serve approximately 23,000 students through its six (6) major campuses located in Klang Valley, Penang and Sarawak. SEGi believes that the best test of the quality of its education and training programmes is in the employability of its graduates and their contribution to their own community.

Oakfine is a private limited company incorporated on 23 November 2010 under the Companies Act, 1965 and currently has an authorised share capital of RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each, all of which were issued and fully paid-up. Oakfine is principally a property management company.

2.2 Details of the Agreement

Oakfine is desirous of developing a piece of land in Mukim Hulu Kinta, Daerah Kinta measuring approximately 242,800 meter squares (60 acres) ("the Land").

The SEGi Group is desirous of expanding its core business of providing educational and training services in the State of Perak Darul Ridzuan and has requested Oakfine to cause to be constructed on part of the Land, a building to accommodate SEGi University College's future expansion ("the Building") where in return, SEGi University College undertakes to take a tenancy for the Building.

2.3 Salient terms of the Agreement

The salient terms of the Agreement are as follows:

2.3.1 In consideration of Oakfine agreeing to construct and erect the Building, SEGi University College shall procure and maintain a security deposit (to be mutually agreed between the parties within three (3) months from the date of the Agreement) with Oakfine.

2.3.2 The Building shall be completed, fit for occupation and delivered to SEGi University College or its nominated company to commence the tenancy of the Building within three (3) years from the date of the Agreement.

2.3.3 The tenancy shall be for the duration of three (3) years with option to renew the tenancy for a further period of three (3) years for up to four (4) terms.

2.3.4 Oakfine will grant a rental free period for the first six (6) months where SEGi University College or its nominated company shall fit out and/or renovate the Building.

2.3.5 SEGi University College or its nominated company shall pay to Oakfine a rental at the rate of RM0.50 per square foot for the initial term of three (3) years ("the Initial Rental Rate") and the rental rate for the renewable terms, if any, shall be mutually agreed by both the parties provided that any increase shall be no more than 10% of the previous rate.

2.3.6 Oakfine shall, provided no termination event shall have occurred and be continuing, have the option to purchase the Building at a price to be agreed upon.

2.4 Basis of the Initial Rental Rate

The Initial Rental Rate was arrived at between SEGi University College and Oakfine after taking into consideration the prevailing rental rates of comparable properties.

3. RATIONALE FOR THE AGREEMENT

The SEGi Group seeks to enlarge its base of operation. The execution of the Agreement will cater for the Group's future expansion.

4. RISK FACTORS

While the arrangement is susceptible to risks inherent in the property development and construction industries, the Board has taken the necessary steps to ensure that all the risks are minimised.

5. EFFECTS OF THE AGREEMENT

5.1 Share capital and shareholdings of substantial shareholders

The execution of the Agreement will not have any effect on the issued and paid up share capital and shareholdings of substantial shareholders of SEGi.

5.2 Earnings, net assets and gearing

The execution of the Agreement is not expected to have any material impact on the earnings, net assets and gearing of the Group for the year ending 31 December 2011. However, it is expected to contribute positively towards the SEGi Group's future earnings growth.

The execution of the Agreement is not expected to result in the Company becoming a Cash Company or a PN17 Company.

6. APPROVAL REQUIRED

The Agreement is not subject to any approval save for the necessary approvals from the relevant authorities for

(i) SEGi University College or its nominated company to obtain the required licences/approvals to carry out its business at the Building as a private higher educational institution under the Private Higher Educational Institutions Act 1996; and

(ii) the development of the Land.

The announcement is made pursuant to Part C of Chapter 9 of the Main Market Listing Requirements.

7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors, major shareholders of the Company and/or any of the persons connected with them, have any interest, whether direct and/or indirect, in the Agreement.

8. STATEMENT BY DIRECTORS

Having considered the rationale and all other aspects of the Agreement, the Board is of the opinion that the Agreement is fair and reasonable and is in the best interest of the Group.

9. DEPARTURE FROM THE SECURITIES COMMISSION'S GUIDELINES ON THE OFFERING OF EQUITY AND EQUITY-LINKED SECURITIES ("SC GUIDELINES")

The Board is of the opinion that the Agreement does not result in any departure from the SC Guidelines.

10. DOCUMENTS AVAILABLE FOR INSPECTION

The Agreement is available for inspection during office hours at the registered office of SEGi at 6th Floor, SEGi University College, No. 9, Jalan Teknologi, Taman Sains Selangor, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 11 January 2011.



No comments:

Post a Comment