GEFUNG - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: -
Company Name: GEFUNG HOLDINGS BERHAD
Stock Name: GEFUNG
Date Announced: 25/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Khayat, Yousuf Mohamed Yaqub Y
Age: 53
Nationality: Saudi Arabian
Qualifications: Mr Yousuf holds a Bachelor and Master's degrees in Business Economics from the University of California, Santa Barbara, California and has attended various high level seminars and training programs, including the Columbia University Executive.
Working experience and occupation: Mr Yousuf has over 26 years diversified experience in the fields of banking and investments. He currently holds the position of Managing Director in the Direct Investment Group (DIG) of Saudi Economic & Development Company Limited (SEDCO), looking after the development and management of strategic equity investments in private companies in the Middle East and North Africa (MENA), India, Pakistan and South East Asia. He is also a member of SEDCO's Management Committee and Executive Committee.
Prior to joining SEDCO, Mr Yousuf worked in various executive positions at Saudi American Bank (now SAMBA Financial Group) in Jeddah and London. His last position was Division Head, Corporate Banking Group. He also worked as an Executive Vice President at a private investment company in Jeddah, Saudi Arabia, focusing on private equity investments in the United States and Europe. He was a member of the Economic & Social Advisory Committee, Makkah Region Governorate and is a member of the American Management Association International. He is Chairman of the Board of Directors of CNA Integrated Technologies Ltd., UAE and a member of the Board of Directors of Gulf Finance House, Bahrain, Egypt Hydrocarbon Corporation, Egypt and PSJI, a Mexico-based real estate development company.
Directorship of public companies (if any): Nil
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
Remarks: The resignation letter of Mr Yousuf was received by the Company on 24 January 2011. The appointment of a new representative of PacificQuest on the Board of the Company will be announced in due course.
Submitting Merchant Bank: -
Company Name: GEFUNG HOLDINGS BERHAD
Stock Name: GEFUNG
Date Announced: 25/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Khayat, Yousuf Mohamed Yaqub Y
Age: 53
Nationality: Saudi Arabian
Qualifications: Mr Yousuf holds a Bachelor and Master's degrees in Business Economics from the University of California, Santa Barbara, California and has attended various high level seminars and training programs, including the Columbia University Executive.
Working experience and occupation: Mr Yousuf has over 26 years diversified experience in the fields of banking and investments. He currently holds the position of Managing Director in the Direct Investment Group (DIG) of Saudi Economic & Development Company Limited (SEDCO), looking after the development and management of strategic equity investments in private companies in the Middle East and North Africa (MENA), India, Pakistan and South East Asia. He is also a member of SEDCO's Management Committee and Executive Committee.
Prior to joining SEDCO, Mr Yousuf worked in various executive positions at Saudi American Bank (now SAMBA Financial Group) in Jeddah and London. His last position was Division Head, Corporate Banking Group. He also worked as an Executive Vice President at a private investment company in Jeddah, Saudi Arabia, focusing on private equity investments in the United States and Europe. He was a member of the Economic & Social Advisory Committee, Makkah Region Governorate and is a member of the American Management Association International. He is Chairman of the Board of Directors of CNA Integrated Technologies Ltd., UAE and a member of the Board of Directors of Gulf Finance House, Bahrain, Egypt Hydrocarbon Corporation, Egypt and PSJI, a Mexico-based real estate development company.
Directorship of public companies (if any): Nil
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
Remarks: The resignation letter of Mr Yousuf was received by the Company on 24 January 2011. The appointment of a new representative of PacificQuest on the Board of the Company will be announced in due course.
MESB - General Announcement
Announcement Type: General Announcement
Company Name: MESB BERHAD
Stock Name: MESB
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: MESB BERHAD ("MESB" or "the Company")
- CONDITIONAL TAKE-OVER OFFER BY TEOH HWA PENG (" THP" or "OFFEROR") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MESB ("MESB SHARES"), WHICH ARE NOT ALREADY HELD BY THE OFFEROR AND HIS PERSON ACTING IN CONCERT ("PAC"), NAMELY TAN SOK GIM ("OFFER SHARES"), FOR A CASH OFFER PRICE OF RM0.33 PER OFFER SHARE ("OFFER")
Contents: Attached is the press notice by HwangDBS Investment Bank Berhad on behalf of THP in relation to the Offer.
This Announcement is dated 25 January 2011.
Attachments: Press Release-25.01.2011.pdf
Company Name: MESB BERHAD
Stock Name: MESB
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: MESB BERHAD ("MESB" or "the Company")
- CONDITIONAL TAKE-OVER OFFER BY TEOH HWA PENG (" THP" or "OFFEROR") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MESB ("MESB SHARES"), WHICH ARE NOT ALREADY HELD BY THE OFFEROR AND HIS PERSON ACTING IN CONCERT ("PAC"), NAMELY TAN SOK GIM ("OFFER SHARES"), FOR A CASH OFFER PRICE OF RM0.33 PER OFFER SHARE ("OFFER")
Contents: Attached is the press notice by HwangDBS Investment Bank Berhad on behalf of THP in relation to the Offer.
This Announcement is dated 25 January 2011.
Attachments: Press Release-25.01.2011.pdf
PRKCORP - General Announcement
Announcement Type: General Announcement
Company Name: PERAK CORPORATION BERHAD
Stock Name: PRKCORP
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: TERMINATION OF SHAREHOLDERS AGREEMENT BY TAIPAN MERIT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PERAK CORPORATION BERHAD
Contents: We refer to our announcement made on 3 November 2010 in relation to the composition of the Board of Directors of Lumut Maritime Terminal Sdn Bhd ("LMT").
On behalf of the Company, we wish to inform that En Harun bin Halim Rasip ("En Harun"), a nominee director of Pelabuhan Lumut Sdn Bhd on the Board of LMT, has vacated his office as a director of LMT with effect from 24 January 2011 pursuant to Clause 72(f) of the Articles of Association of LMT which bear the following provision:
"If a Director is absent for more than 50% of the total Board of Directors' meeting held during a financial year of his term of office then the office of a director shall become vacant."
En Harun has failed to attend any of the scheduled Board of Directors' meetings of LMT held throughout the financial year ended 31 December 2010.
This announcement is dated 25 January 2011.
Copy to:
Issues & Investment Division
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara, 50490 Kuala Lumpur
(Attention: Eugene Wong Weng Soon)
Company Name: PERAK CORPORATION BERHAD
Stock Name: PRKCORP
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: TERMINATION OF SHAREHOLDERS AGREEMENT BY TAIPAN MERIT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PERAK CORPORATION BERHAD
Contents: We refer to our announcement made on 3 November 2010 in relation to the composition of the Board of Directors of Lumut Maritime Terminal Sdn Bhd ("LMT").
On behalf of the Company, we wish to inform that En Harun bin Halim Rasip ("En Harun"), a nominee director of Pelabuhan Lumut Sdn Bhd on the Board of LMT, has vacated his office as a director of LMT with effect from 24 January 2011 pursuant to Clause 72(f) of the Articles of Association of LMT which bear the following provision:
"If a Director is absent for more than 50% of the total Board of Directors' meeting held during a financial year of his term of office then the office of a director shall become vacant."
En Harun has failed to attend any of the scheduled Board of Directors' meetings of LMT held throughout the financial year ended 31 December 2010.
This announcement is dated 25 January 2011.
Copy to:
Issues & Investment Division
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara, 50490 Kuala Lumpur
(Attention: Eugene Wong Weng Soon)
BREM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 25/01/2011
Announcement Detail:
Date of buy back: 25/01/2011
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 3,000
Minimum price paid for each share purchased ($$): 1.340
Maximum price paid for each share purchased ($$): 1.340
Total consideration paid ($$): 4,054.21
Number of shares purchased retained in treasury (units): 3,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,653,400
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.05
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 25/01/2011
Announcement Detail:
Date of buy back: 25/01/2011
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 3,000
Minimum price paid for each share purchased ($$): 1.340
Maximum price paid for each share purchased ($$): 1.340
Total consideration paid ($$): 4,054.21
Number of shares purchased retained in treasury (units): 3,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,653,400
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 (%): 4.05
LBALUM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: LB ALUMINIUM BERHAD
Stock Name: LBALUM
Date Announced: 25/01/2011
Announcement Detail:
Date of change: 25/01/2011
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Yap Chee Woon
Age: 52
Nationality: Malaysian
Qualifications: He is a businessman .
Working experience and occupation: He is currently the General Manager of LB Aluminium Berhad which he joined since its incorporation. He is a member of the Remuneration Committee
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: He holds 844,300 ordinary shares of RM0.50 each in LB Aluminium Berhad
Remarks: He was re-designated from Non-Independent Non-Executive Director to Executive Director on 25 January 2011.
Company Name: LB ALUMINIUM BERHAD
Stock Name: LBALUM
Date Announced: 25/01/2011
Announcement Detail:
Date of change: 25/01/2011
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Yap Chee Woon
Age: 52
Nationality: Malaysian
Qualifications: He is a businessman .
Working experience and occupation: He is currently the General Manager of LB Aluminium Berhad which he joined since its incorporation. He is a member of the Remuneration Committee
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: He holds 844,300 ordinary shares of RM0.50 each in LB Aluminium Berhad
Remarks: He was re-designated from Non-Independent Non-Executive Director to Executive Director on 25 January 2011.
LINEAR - General Announcement
Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ('Linear" or "Company")
Monthly Announcement Pursuant to Practice Note 1/2001
("PN1") of the Main Market Listing requirements of Bursa
Malaysia Securities Berhad
Default of Payment
Contents: In compliance with paragraph 3.2 of Practice Note 1/2001 and further to
the announcement made on December 23, 2010, the Board of Directors of
Linear wishes to announce that there has been no material development
on the status as announced previously on December 23, 2010.
This announcement is dated January 25, 2011
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ('Linear" or "Company")
Monthly Announcement Pursuant to Practice Note 1/2001
("PN1") of the Main Market Listing requirements of Bursa
Malaysia Securities Berhad
Default of Payment
Contents: In compliance with paragraph 3.2 of Practice Note 1/2001 and further to
the announcement made on December 23, 2010, the Board of Directors of
Linear wishes to announce that there has been no material development
on the status as announced previously on December 23, 2010.
This announcement is dated January 25, 2011
AIC - Fire incident in the factory premises of a subsidiary
Announcement Type: General Announcement
Company Name: AIC CORPORATION BERHAD
Stock Name: AIC
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: Fire incident in the factory premises of a subsidiary
Contents: We refer to our announcement dated 16 January 2011 ("Announcement"). Unless otherwise defined, definitions in the Announcement shall apply herein.
From the initial investigation, the cause of the Fire was the result of an electrical short circuit occurring in one of the equipment located in the plating department of Prodelcon. The management of Prodelcon is in the midst of compiling the documents and information in order to submit an insurance claim for losses related to the Fire. Prodelcon has sub-contracted out the plating work to third party vendor since 18 January 2011.
The Fire has resulted in damages in certain plant and equipment and inventories of Prodelcon. The total cost and net book value of this plant and equipment amounted to RM1.0 million and RM0.7 million respectively whereas the carrying value of the damaged inventories totalled RM0.1 million.
Hence, the financial impact to AIC group is estimated at RM0.8 million less any insurance claim to be received from Prodelcon's insurer.
This announcement is dated 25 January 2011.
Company Name: AIC CORPORATION BERHAD
Stock Name: AIC
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: Fire incident in the factory premises of a subsidiary
Contents: We refer to our announcement dated 16 January 2011 ("Announcement"). Unless otherwise defined, definitions in the Announcement shall apply herein.
From the initial investigation, the cause of the Fire was the result of an electrical short circuit occurring in one of the equipment located in the plating department of Prodelcon. The management of Prodelcon is in the midst of compiling the documents and information in order to submit an insurance claim for losses related to the Fire. Prodelcon has sub-contracted out the plating work to third party vendor since 18 January 2011.
The Fire has resulted in damages in certain plant and equipment and inventories of Prodelcon. The total cost and net book value of this plant and equipment amounted to RM1.0 million and RM0.7 million respectively whereas the carrying value of the damaged inventories totalled RM0.1 million.
Hence, the financial impact to AIC group is estimated at RM0.8 million less any insurance claim to be received from Prodelcon's insurer.
This announcement is dated 25 January 2011.
INTEGRA - General Announcement
Announcement Type: General Announcement
Company Name: INTEGRAX BERHAD
Stock Name: INTEGRA
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: INTEGRAX BERHAD ("INTEGRAX" OR "THE COMPANY"): SPECIAL NOTICE OF RESOLUTION FOR REMOVAL OF DIRECTORS PURSUANT TO SECTIONS 153 & 128(2) OF THE COMPANIES ACT, 1965
Contents: On 21 January 2011 at approximately 3.10 p.m., the Company received a special notice from Perak Equity Sdn Bhd ["PESB"] and Taipan Merit Sdn Bhd ["TMSB"] being shareholders of the Company holding 24,945,217 and 20,000,000 shares respectively in the Company, through their solicitors notifying the Company of their intention to propose the following resolutions pursuant to Sections 153 & 128[2] of the Companies Act, 1965 ["the Act"] as ordinary resolutions at the next Extraordinary General Meeting ["EGM"] of the Company.
Resolutions -
A. THAT Harun bin Halim Rasip be and is hereby removed from his office as director of the Company.
B. THAT Dato' Ir Onn bin Hamzah be and is hereby removed from his office as director of the Company.
On external legal advice, the Company was advised that such notice is neither a requisition for nor a notice of EGM and no EGM has been convened and so only evinces the intention of PESB and TMSB to propose resolutions for the removal of En Harun Bin Halim Rasip and Dato' Ir. Onn Bin Hamzah as Directors of Integrax Berhad. The Company has since circulated the said special notice to En. Harun Bin Halim Rasip and Dato' Ir. Onn Bin Hamzah. The Company will also be proceeding to circulate the same to the shareholders of the Company.
The Company has, also on external legal advice, issued a letter on 25 January 2011 to the solicitors of PESB and TMSB seeking urgent clarification on how they intend to proceed.
This announcement is dated 25 January 2011.
Company Name: INTEGRAX BERHAD
Stock Name: INTEGRA
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: INTEGRAX BERHAD ("INTEGRAX" OR "THE COMPANY"): SPECIAL NOTICE OF RESOLUTION FOR REMOVAL OF DIRECTORS PURSUANT TO SECTIONS 153 & 128(2) OF THE COMPANIES ACT, 1965
Contents: On 21 January 2011 at approximately 3.10 p.m., the Company received a special notice from Perak Equity Sdn Bhd ["PESB"] and Taipan Merit Sdn Bhd ["TMSB"] being shareholders of the Company holding 24,945,217 and 20,000,000 shares respectively in the Company, through their solicitors notifying the Company of their intention to propose the following resolutions pursuant to Sections 153 & 128[2] of the Companies Act, 1965 ["the Act"] as ordinary resolutions at the next Extraordinary General Meeting ["EGM"] of the Company.
Resolutions -
A. THAT Harun bin Halim Rasip be and is hereby removed from his office as director of the Company.
B. THAT Dato' Ir Onn bin Hamzah be and is hereby removed from his office as director of the Company.
On external legal advice, the Company was advised that such notice is neither a requisition for nor a notice of EGM and no EGM has been convened and so only evinces the intention of PESB and TMSB to propose resolutions for the removal of En Harun Bin Halim Rasip and Dato' Ir. Onn Bin Hamzah as Directors of Integrax Berhad. The Company has since circulated the said special notice to En. Harun Bin Halim Rasip and Dato' Ir. Onn Bin Hamzah. The Company will also be proceeding to circulate the same to the shareholders of the Company.
The Company has, also on external legal advice, issued a letter on 25 January 2011 to the solicitors of PESB and TMSB seeking urgent clarification on how they intend to proceed.
This announcement is dated 25 January 2011.
MITRA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MITRAJAYA HOLDINGS BERHAD
Stock Name: MITRA
Date Announced: 25/01/2011
Announcement Detail:
Date of buy back: 25/01/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 47,500
Minimum price paid for each share purchased ($$): 1.880
Maximum price paid for each share purchased ($$): 1.890
Total consideration paid ($$): 89,599.25
Number of shares purchased retained in treasury (units): 47,500
Cumulative net outstanding treasury shares as at to-date (units): 7,843,500
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.13
Company Name: MITRAJAYA HOLDINGS BERHAD
Stock Name: MITRA
Date Announced: 25/01/2011
Announcement Detail:
Date of buy back: 25/01/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 47,500
Minimum price paid for each share purchased ($$): 1.880
Maximum price paid for each share purchased ($$): 1.890
Total consideration paid ($$): 89,599.25
Number of shares purchased retained in treasury (units): 47,500
Cumulative net outstanding treasury shares as at to-date (units): 7,843,500
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.13
WCT - General Announcement
Announcement Type: General Announcement
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: Acquisition of New Subsidiary Companies
- WCT Green Sdn Bhd
- WCT Group Sdn Bhd
- WCT Holdings Sdn bhd
- WCT Assets Sdn Bhd
Contents: WCT Berhad (the "Company" or "WCT") wishes to announce that it had on 25 January 2011 acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of the following companies:-
(i) WCT Green Sdn Bhd (Company No. 929961-P);
(ii) WCT Group Sdn Bhd (Company No. 929962-M);
(iii) WCT Holdings Sdn Bhd (Company No. 930464-M);
And on even date, its wholly-owned subsidiary, WCT Land Sdn Bhd, acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of WCT Assets Sdn Bhd (Company No. 929963-H);
(hereinafter collectively referred as "the Subsidiary Companies").
The Subsidiary Companies, all incorporated in Malaysia, have an authorised share capital of RM100,000/= and an issued and paid up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each respectively. The Subsidiary Companies are currently dormant and no liabilities are assumed pursuant to the abovesaid acquisition.
None of the Directors or Major Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the abovesaid acquisition.
This announcement is dated 25 January 2011.
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 25/01/2011
Announcement Detail:
Type: Announcement
Subject: Acquisition of New Subsidiary Companies
- WCT Green Sdn Bhd
- WCT Group Sdn Bhd
- WCT Holdings Sdn bhd
- WCT Assets Sdn Bhd
Contents: WCT Berhad (the "Company" or "WCT") wishes to announce that it had on 25 January 2011 acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of the following companies:-
(i) WCT Green Sdn Bhd (Company No. 929961-P);
(ii) WCT Group Sdn Bhd (Company No. 929962-M);
(iii) WCT Holdings Sdn Bhd (Company No. 930464-M);
And on even date, its wholly-owned subsidiary, WCT Land Sdn Bhd, acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of WCT Assets Sdn Bhd (Company No. 929963-H);
(hereinafter collectively referred as "the Subsidiary Companies").
The Subsidiary Companies, all incorporated in Malaysia, have an authorised share capital of RM100,000/= and an issued and paid up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each respectively. The Subsidiary Companies are currently dormant and no liabilities are assumed pursuant to the abovesaid acquisition.
None of the Directors or Major Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the abovesaid acquisition.
This announcement is dated 25 January 2011.
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