KRETAM - General Announcement
Announcement Type: General Announcement
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: KRETAM HOLDINGS BERHAD ("KHB")
- EXTENSION OF TIME FOR COMPLETION OF THE PROPOSED ACQUISITION BY SYARIKAT CAPAKAYA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KHB, OF 2,000,000 ORDINARY SHARES OF RM1.00 EACH IN PUPUK BORNEO SDN BHD ("PBSB") REPRESENTING THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PBSB FOR A CASH CONSIDERATION OF RM8,300,000
Contents: Reference is made to KHB's earlier announcement on 27 October 2010 in relation to the Proposed Acquisition of PBSB by Syarikat Capakaya Sdn Bhd ("SCSB").
The time for completion of the Proposed Acquisition has been extended to 9 January 2011 from 31 December 2010 by mutual agreement between SCSB and the Vendors, to facilitate delivery of certain documents by the Vendors to SCSB.
This announcement is dated 3 January 2011.
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: KRETAM HOLDINGS BERHAD ("KHB")
- EXTENSION OF TIME FOR COMPLETION OF THE PROPOSED ACQUISITION BY SYARIKAT CAPAKAYA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KHB, OF 2,000,000 ORDINARY SHARES OF RM1.00 EACH IN PUPUK BORNEO SDN BHD ("PBSB") REPRESENTING THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PBSB FOR A CASH CONSIDERATION OF RM8,300,000
Contents: Reference is made to KHB's earlier announcement on 27 October 2010 in relation to the Proposed Acquisition of PBSB by Syarikat Capakaya Sdn Bhd ("SCSB").
The time for completion of the Proposed Acquisition has been extended to 9 January 2011 from 31 December 2010 by mutual agreement between SCSB and the Vendors, to facilitate delivery of certain documents by the Vendors to SCSB.
This announcement is dated 3 January 2011.
KRETAM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Lee Hock Leang
Age: 45
Nationality: Malaysian
Qualifications: B.Sc (Hon) Mechanical and Manufacturing Engineering, Bradford University, United Kingdom. Obtained Certificate of Steam Engineer Grade 1.
Working experience and occupation: 1. 2004 - Present:
Director of Kretam Holdings Berhad. He provides professional assessment and consultation services in palm oil mill management & engineering.
2. 1996 - 2006:
Employed by Lai Fook Kim Corporation Sdn Bhd as Group Engineer.
3. 1989 - 1996:
Employed by Pamol Estates Sabah Sdn Bhd
(i) 1989 to 1991 as Management Trainee;
(ii) 1991 to 1994 as Mill Maintenance Engineer; and
(iii)1994 to 1996 as Mill Manager.
4. 1988 - 1989:
Employed by Ryford Video Ltd as Industrial Engineer.
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
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Lee Hock Leang
Age: 45
Nationality: Malaysian
Qualifications: B.Sc (Hon) Mechanical and Manufacturing Engineering, Bradford University, United Kingdom. Obtained Certificate of Steam Engineer Grade 1.
Working experience and occupation: 1. 2004 - Present:
Director of Kretam Holdings Berhad. He provides professional assessment and consultation services in palm oil mill management & engineering.
2. 1996 - 2006:
Employed by Lai Fook Kim Corporation Sdn Bhd as Group Engineer.
3. 1989 - 1996:
Employed by Pamol Estates Sabah Sdn Bhd
(i) 1989 to 1991 as Management Trainee;
(ii) 1991 to 1994 as Mill Maintenance Engineer; and
(iii)1994 to 1996 as Mill Manager.
4. 1988 - 1989:
Employed by Ryford Video Ltd as Industrial Engineer.
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
KRETAM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Lee Hock Leang
Age: 45
Nationality: Malaysian
Qualifications: B.Sc (Hon) Mechanical and Manufacturing Engineering, Bradford University, United Kingdom. Obtained Certificate of Steam Engineer Grade 1.
Working experience and occupation: 1. 2004 - Present:
Director of Kretam Holdings Berhad. He provides professional assessment and consultation services in palm oil mill management & engineering.
2. 1996 - 2006:
Employed by Lai Fook Kim Corporation Sdn Bhd as Group Engineer.
3. 1989 - 1996:
Employed by Pamol Estates Sabah Sdn Bhd
(i) 1989 to 1991 as Management Trainee;
(ii) 1991 to 1994 as Mill Maintenance Engineer; and
(iii)1994 to 1996 as Mill Manager.
4. 1988 - 1989:
Employed by Ryford Video Ltd as Industrial Engineer.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Tan Kung Ming (Chairman and Independent Non-Executive Director)
2. Wong Chin Kwong (Independent Non-Executive Director)
3. Teo Gim Suan (Independent Non-Executive Director)
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Lee Hock Leang
Age: 45
Nationality: Malaysian
Qualifications: B.Sc (Hon) Mechanical and Manufacturing Engineering, Bradford University, United Kingdom. Obtained Certificate of Steam Engineer Grade 1.
Working experience and occupation: 1. 2004 - Present:
Director of Kretam Holdings Berhad. He provides professional assessment and consultation services in palm oil mill management & engineering.
2. 1996 - 2006:
Employed by Lai Fook Kim Corporation Sdn Bhd as Group Engineer.
3. 1989 - 1996:
Employed by Pamol Estates Sabah Sdn Bhd
(i) 1989 to 1991 as Management Trainee;
(ii) 1991 to 1994 as Mill Maintenance Engineer; and
(iii)1994 to 1996 as Mill Manager.
4. 1988 - 1989:
Employed by Ryford Video Ltd as Industrial Engineer.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Tan Kung Ming (Chairman and Independent Non-Executive Director)
2. Wong Chin Kwong (Independent Non-Executive Director)
3. Teo Gim Suan (Independent Non-Executive Director)
KRETAM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Teo Gim Suan
Age: 47
Nationality: Malaysian
Qualifications: a) Member of Malaysian Institute of Accountants; and
b) Associate Member of Chartered Institute of Management Accountants.
Working experience and occupation: 1. 2005 - Present:
Director cum Company Secretary, Moving Swift Corporate Services Sdn Bhd, Sandakan, Sabah which provides company secretarial and related services.
2. 2003 - 2005:
Manager, M & C Services Sdn Bhd, Sandakan, Sabah which provided company secretarial and related services.
3. 1993 - 2003:
Tax Assistant and subsequently as Tax Senior, KPMG Tax Services Sdn Bhd, Sandakan, Sabah.
4. 1990 to 1993:
Audit Assistant, KPMG, Sandakan, Sabah.
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
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Teo Gim Suan
Age: 47
Nationality: Malaysian
Qualifications: a) Member of Malaysian Institute of Accountants; and
b) Associate Member of Chartered Institute of Management Accountants.
Working experience and occupation: 1. 2005 - Present:
Director cum Company Secretary, Moving Swift Corporate Services Sdn Bhd, Sandakan, Sabah which provides company secretarial and related services.
2. 2003 - 2005:
Manager, M & C Services Sdn Bhd, Sandakan, Sabah which provided company secretarial and related services.
3. 1993 - 2003:
Tax Assistant and subsequently as Tax Senior, KPMG Tax Services Sdn Bhd, Sandakan, Sabah.
4. 1990 to 1993:
Audit Assistant, KPMG, Sandakan, Sabah.
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
KRETAM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Teo Gim Suan
Age: 47
Nationality: Malaysian
Qualifications: a) Member of Malaysian Institute of Accountants; and
b) Associate Member of Chartered Institute of Management Accountants.
Working experience and occupation: 1. 2005 - Present:
Director cum Company Secretary, Moving Swift Corporate Services Sdn Bhd, Sandakan, Sabah which provides company secretarial and related services.
2. 2003 - 2005:
Manager, M & C Services Sdn Bhd, Sandakan, Sabah which provided company secretarial and related services.
3. 1993 - 2003:
Tax Assistant and subsequently as Tax Senior, KPMG Tax Services Sdn Bhd, Sandakan, Sabah.
4. 1990 to 1993:
Audit Assistant, KPMG, Sandakan, Sabah.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Tan Kung Ming (Chairman and Independent Non-Executive Director)
2. Wong Chin Kwong (Independent Non-Executive Director)
3. Teo Gim Suan (Independent Non-Executive Director)
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Date of change: 01/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Teo Gim Suan
Age: 47
Nationality: Malaysian
Qualifications: a) Member of Malaysian Institute of Accountants; and
b) Associate Member of Chartered Institute of Management Accountants.
Working experience and occupation: 1. 2005 - Present:
Director cum Company Secretary, Moving Swift Corporate Services Sdn Bhd, Sandakan, Sabah which provides company secretarial and related services.
2. 2003 - 2005:
Manager, M & C Services Sdn Bhd, Sandakan, Sabah which provided company secretarial and related services.
3. 1993 - 2003:
Tax Assistant and subsequently as Tax Senior, KPMG Tax Services Sdn Bhd, Sandakan, Sabah.
4. 1990 to 1993:
Audit Assistant, KPMG, Sandakan, Sabah.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Tan Kung Ming (Chairman and Independent Non-Executive Director)
2. Wong Chin Kwong (Independent Non-Executive Director)
3. Teo Gim Suan (Independent Non-Executive Director)
KRETAM - General Announcement
Announcement Type: General Announcement
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: Originating Motion No. K25-38 Of 2010-I in the High Court in Sabah And Sarawak at Kota Kinabalu ("the Suit") Innosabah Securities Berhad ("ISB") vs. Sabah Development Bank Berhad ("SDBB")
Contents: ISB, a wholly-owned subsidiary of Kretam Holdings Berhad, having entered into a Sale & Purchase Agreement ("S&P Agreement") on 18 December 1996 and having paid RM3,259,165.00 on 30 June 1997 towards the purchase price of three (3) commercial office spaces of a 12-storey building complex agreed to be constructed on a piece of land held under Title Deed No. TL 017526475, District of Kota Kinabalu, State of Sabah measuring approximately in 79,350 sq. ft. ("the Land") by Austral Amalgamated Berhad ("the Developer"), had entered a caveat on the Land when construction had been abandoned by the Developer, which caveat had been renewed every 3 years. The latest renewal was made on 21 January 2010.
SDBB, as Chargee of the Land, had on 27 February 2008 applied to remove ISB's caveat. On 10 February 2009, the Assistant Registrar ("Assistant Registrar") of Lands & Survey ordered that ISB's caveat be maintained. SDBB filed an appeal on 2 March 2009 against the Assistant Registrar's decision and on 28 June 2010, the Director ("the Director") of Lands & Survey ruled in favour of SDBB's appeal, by allowing the removal of ISB's caveat.
The hearing date for ISB's Originating Motion filed on 27 July 2010 to appeal against the Director's decision ("the Appeal") was rescheduled twice from 28 September 2010 to 21 October 2010 and 30 December 2010.
At the hearing on 30 December 2010, the Appeal was dismissed with cost to SDBB as the Respondent, on the grounds that with the termination of the S&P Agreement, ISB's claim against the Developer was a monetary claim and there no longer existed an interest in the Land.
This announcement is dated 3 January 2011.
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: Originating Motion No. K25-38 Of 2010-I in the High Court in Sabah And Sarawak at Kota Kinabalu ("the Suit") Innosabah Securities Berhad ("ISB") vs. Sabah Development Bank Berhad ("SDBB")
Contents: ISB, a wholly-owned subsidiary of Kretam Holdings Berhad, having entered into a Sale & Purchase Agreement ("S&P Agreement") on 18 December 1996 and having paid RM3,259,165.00 on 30 June 1997 towards the purchase price of three (3) commercial office spaces of a 12-storey building complex agreed to be constructed on a piece of land held under Title Deed No. TL 017526475, District of Kota Kinabalu, State of Sabah measuring approximately in 79,350 sq. ft. ("the Land") by Austral Amalgamated Berhad ("the Developer"), had entered a caveat on the Land when construction had been abandoned by the Developer, which caveat had been renewed every 3 years. The latest renewal was made on 21 January 2010.
SDBB, as Chargee of the Land, had on 27 February 2008 applied to remove ISB's caveat. On 10 February 2009, the Assistant Registrar ("Assistant Registrar") of Lands & Survey ordered that ISB's caveat be maintained. SDBB filed an appeal on 2 March 2009 against the Assistant Registrar's decision and on 28 June 2010, the Director ("the Director") of Lands & Survey ruled in favour of SDBB's appeal, by allowing the removal of ISB's caveat.
The hearing date for ISB's Originating Motion filed on 27 July 2010 to appeal against the Director's decision ("the Appeal") was rescheduled twice from 28 September 2010 to 21 October 2010 and 30 December 2010.
At the hearing on 30 December 2010, the Appeal was dismissed with cost to SDBB as the Respondent, on the grounds that with the termination of the S&P Agreement, ISB's claim against the Developer was a monetary claim and there no longer existed an interest in the Land.
This announcement is dated 3 January 2011.
YTLLAND - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: YTL LAND & DEVELOPMENT BERHAD
Stock Name: YTLLAND
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: YTL LAND & DEVELOPMENT BERHAD ("YTL LAND")
(I) PROPOSED ACQUISITIONS AND THE SETTLEMENT OF OUTSTANDING INTER-COMPANY BALANCES;
(II) PROPOSED PROVISION OF FINANCIAL ASSISTANCE;
(III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS; AND
(IV) PROPOSED SHARE PREMIUM REDUCTION
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the Announcement (as defined below).
The exchange rate used in this announcement is based on SGD1.00:RM2.3253 as at 31 August 2010.
We refer to the announcement dated 23 November 2010 in relation to the Proposals ("Announcement").
It was reported in the article entitled "The $36 million house that wasn't" which appeared in The Straits Times publication in Singapore dated 23 December 2010 that the sale of the detached house held under Lot No. 180L, Mukim 34 identified as No. 30 Paradise Island Singapore 098427 has been aborted ("Aborted Transaction"). The Aborted Transaction was one of the comparables used by the independent valuer, Robert Khan & Co Pte Ltd, for the valuation of Sandy Island Sentosa Cove as at 31 August 2010. Hence, the Aborted Transaction can no longer be valid as a comparable and will not be taken into consideration in arriving at the market value of Sandy Island Sentosa Cove as at 31 August 2010.
On behalf of the Board of Directors of YTL Land, Maybank Investment Bank Berhad wishes to inform that the market value of Sandy Island Sentosa Cove has been revised downwards as a result of the abovementioned event, from SGD147,700,000 (equivalent to RM343,446,810) to SGD147,000,000 (equivalent to RM341,819,100) ("Revision").
In view of the Revision, the Net Revaluation Surplus under Section 2.1.8 of the Announcement has decreased from SGD762,579 (equivalent to RM1,773,225) to SGD181,579 (equivalent to RM422,226). Nonetheless, there will be no adjustment to the purchase consideration for the Proposed SIPL Acquisition as the Revision per se will not change the net liability position of SIPL as at 31 August 2010.
This announcement is dated 3 January 2011.
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: YTL LAND & DEVELOPMENT BERHAD
Stock Name: YTLLAND
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: YTL LAND & DEVELOPMENT BERHAD ("YTL LAND")
(I) PROPOSED ACQUISITIONS AND THE SETTLEMENT OF OUTSTANDING INTER-COMPANY BALANCES;
(II) PROPOSED PROVISION OF FINANCIAL ASSISTANCE;
(III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS; AND
(IV) PROPOSED SHARE PREMIUM REDUCTION
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the Announcement (as defined below).
The exchange rate used in this announcement is based on SGD1.00:RM2.3253 as at 31 August 2010.
We refer to the announcement dated 23 November 2010 in relation to the Proposals ("Announcement").
It was reported in the article entitled "The $36 million house that wasn't" which appeared in The Straits Times publication in Singapore dated 23 December 2010 that the sale of the detached house held under Lot No. 180L, Mukim 34 identified as No. 30 Paradise Island Singapore 098427 has been aborted ("Aborted Transaction"). The Aborted Transaction was one of the comparables used by the independent valuer, Robert Khan & Co Pte Ltd, for the valuation of Sandy Island Sentosa Cove as at 31 August 2010. Hence, the Aborted Transaction can no longer be valid as a comparable and will not be taken into consideration in arriving at the market value of Sandy Island Sentosa Cove as at 31 August 2010.
On behalf of the Board of Directors of YTL Land, Maybank Investment Bank Berhad wishes to inform that the market value of Sandy Island Sentosa Cove has been revised downwards as a result of the abovementioned event, from SGD147,700,000 (equivalent to RM343,446,810) to SGD147,000,000 (equivalent to RM341,819,100) ("Revision").
In view of the Revision, the Net Revaluation Surplus under Section 2.1.8 of the Announcement has decreased from SGD762,579 (equivalent to RM1,773,225) to SGD181,579 (equivalent to RM422,226). Nonetheless, there will be no adjustment to the purchase consideration for the Proposed SIPL Acquisition as the Revision per se will not change the net liability position of SIPL as at 31 August 2010.
This announcement is dated 3 January 2011.
KEURO - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: KUMPULAN EUROPLUS BERHAD ("Kumpulan Euro" or "the Company")
- Proposed private placement of up to 10% of the issued and paid-up share capital of Kumpulan Euro ("Proposed Placement")
Contents: Further to the announcement dated 30 November 2010, on behalf of the Board of Directors of Kumpulan Euro ("Board"), RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 30 December 2010, approved the listing and quotation of 47,369,176 new ordinary shares of RM1.00 each in Kumpulan Euro to be issued pursuant to the Proposed Placement, representing 10% of the issued and paid-up share capital of Kumpulan Euro as at 31 October 2010.
As at the date of this announcement, the Company has obtained all the relevant approvals required for the Proposed Placement.
This announcement is dated 3 January 2011.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: KUMPULAN EUROPLUS BERHAD ("Kumpulan Euro" or "the Company")
- Proposed private placement of up to 10% of the issued and paid-up share capital of Kumpulan Euro ("Proposed Placement")
Contents: Further to the announcement dated 30 November 2010, on behalf of the Board of Directors of Kumpulan Euro ("Board"), RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 30 December 2010, approved the listing and quotation of 47,369,176 new ordinary shares of RM1.00 each in Kumpulan Euro to be issued pursuant to the Proposed Placement, representing 10% of the issued and paid-up share capital of Kumpulan Euro as at 31 October 2010.
As at the date of this announcement, the Company has obtained all the relevant approvals required for the Proposed Placement.
This announcement is dated 3 January 2011.
YTL - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: YTL CORPORATION BERHAD ("YTL CORP")
(I) PROPOSED DISPOSALS AND THE SETTLEMENT OF OUTSTANDING INTER-COMPANY BALANCES; AND
(II) PROPOSED SUBSCRIPTION BY YTL CORP FOR ITS ENTITLEMENT TO THE IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS TO BE ISSUED BY YTL LAND & DEVELOPMENT BERHAD UNDER THE PROPOSED RIGHTS ISSUE OF ICULS
Contents: Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the Announcement (as defined below).
The exchange rate used in this announcement is based on SGD1.00:RM2.3253 as at 31 August 2010.
We refer to the announcement dated 23 November 2010 in relation to the abovementioned proposals ("Announcement").
It was reported in the article entitled "The $36 million house that wasn't" which appeared in The Straits Times publication in Singapore dated 23 December 2010 that the sale of the detached house held under Lot No. 180L, Mukim 34 identified as No. 30 Paradise Island Singapore 098427 has been aborted ("Aborted Transaction"). The Aborted Transaction was one of the comparables used by the independent valuer, Robert Khan & Co Pte Ltd, for the valuation of Sandy Island Sentosa Cove as at 31 August 2010. Hence, the Aborted Transaction can no longer be valid as a comparable and will not be taken into consideration in arriving at the market value of Sandy Island Sentosa Cove as at 31 August 2010.
On behalf of the Board of Directors of YTL Corp, Maybank Investment Bank Berhad wishes to inform that the market value of Sandy Island Sentosa Cove has been revised downwards as a result of the abovementioned event, from SGD147,700,000 (equivalent to RM343,446,810) to SGD147,000,000 (equivalent to RM341,819,100) ("Revision").
In view of the Revision, the Net Revaluation Surplus under Section 2.8 of the Announcement has decreased from SGD762,579 (equivalent to RM1,773,225) to SGD181,579 (equivalent to RM422,226). Nonetheless, there will be no adjustment to the disposal consideration for the Proposed SIPL Disposal as the Revision per se will not change the net liability position of SIPL as at 31 August 2010.
This announcement is dated 3 January 2011.
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: YTL CORPORATION BERHAD ("YTL CORP")
(I) PROPOSED DISPOSALS AND THE SETTLEMENT OF OUTSTANDING INTER-COMPANY BALANCES; AND
(II) PROPOSED SUBSCRIPTION BY YTL CORP FOR ITS ENTITLEMENT TO THE IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS TO BE ISSUED BY YTL LAND & DEVELOPMENT BERHAD UNDER THE PROPOSED RIGHTS ISSUE OF ICULS
Contents: Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the Announcement (as defined below).
The exchange rate used in this announcement is based on SGD1.00:RM2.3253 as at 31 August 2010.
We refer to the announcement dated 23 November 2010 in relation to the abovementioned proposals ("Announcement").
It was reported in the article entitled "The $36 million house that wasn't" which appeared in The Straits Times publication in Singapore dated 23 December 2010 that the sale of the detached house held under Lot No. 180L, Mukim 34 identified as No. 30 Paradise Island Singapore 098427 has been aborted ("Aborted Transaction"). The Aborted Transaction was one of the comparables used by the independent valuer, Robert Khan & Co Pte Ltd, for the valuation of Sandy Island Sentosa Cove as at 31 August 2010. Hence, the Aborted Transaction can no longer be valid as a comparable and will not be taken into consideration in arriving at the market value of Sandy Island Sentosa Cove as at 31 August 2010.
On behalf of the Board of Directors of YTL Corp, Maybank Investment Bank Berhad wishes to inform that the market value of Sandy Island Sentosa Cove has been revised downwards as a result of the abovementioned event, from SGD147,700,000 (equivalent to RM343,446,810) to SGD147,000,000 (equivalent to RM341,819,100) ("Revision").
In view of the Revision, the Net Revaluation Surplus under Section 2.8 of the Announcement has decreased from SGD762,579 (equivalent to RM1,773,225) to SGD181,579 (equivalent to RM422,226). Nonetheless, there will be no adjustment to the disposal consideration for the Proposed SIPL Disposal as the Revision per se will not change the net liability position of SIPL as at 31 August 2010.
This announcement is dated 3 January 2011.
NAMFATT - General Announcement
Announcement Type: General Announcement
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad ("Nam Fatt" or "the Company")
- Creditors' Voluntary Winding-up of P & N Construction Sdn. Bhd.
Contents: Further to the Company's announcement dated 29 November 2010, the Board Directors of Nam Fatt wishes to announce that on 31 December 2010, the Creditors of P & N Construction Sdn. Bhd. ("P&N"), has resolved that Mr Michael Joseph Monteiro and Mr Heng Ji Keng of Ferrier Hodgson MH having its business address at Monteiro & Heng Chambers, No 22 Jalan Tun Sambanthan 3, 50470 Kuala Lumpur be confirmed as joint and several Liquidators for the purpose of winding up the affairs and distribution of the assets of P&N.
This is announcement is dated 03 January 2011.
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 03/01/2011
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad ("Nam Fatt" or "the Company")
- Creditors' Voluntary Winding-up of P & N Construction Sdn. Bhd.
Contents: Further to the Company's announcement dated 29 November 2010, the Board Directors of Nam Fatt wishes to announce that on 31 December 2010, the Creditors of P & N Construction Sdn. Bhd. ("P&N"), has resolved that Mr Michael Joseph Monteiro and Mr Heng Ji Keng of Ferrier Hodgson MH having its business address at Monteiro & Heng Chambers, No 22 Jalan Tun Sambanthan 3, 50470 Kuala Lumpur be confirmed as joint and several Liquidators for the purpose of winding up the affairs and distribution of the assets of P&N.
This is announcement is dated 03 January 2011.
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