January 19, 2011

Company announcements: MYETFDJ, CIMBA40, CIMBC25, MAXBIZ, PENSONI

MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 19-01-2011

Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 19/01/2011

Announcement Detail:
Type: Announcement

Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 19-01-2011

Contents: Fund:MYETFDJ
NAV per unit (RM):0.9912
Units in Circulation (units):643,500,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:890.85

Attachments: Daily Fund Values 190111.pdf


CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 19-Jan-11

Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 19/01/2011

Announcement Detail:
Type: Announcement

Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 19-Jan-11

Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5565
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,380.06

Attachments: ASEAN_40_19_01_2011.pdf


CIMBC25 - CIMB FTSE China 25 - Valuation Point as at 19-Jan-11

Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE CHINA 25
Stock Name: CIMBC25
Date Announced: 19/01/2011

Announcement Detail:
Type: Announcement

Subject: CIMB FTSE China 25 - Valuation Point as at 19-Jan-11

Contents: Fund: CIMB FTSE China 25
NAV per unit (RM): 1.0620
Units in circulation (units): 19,500,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,815.01

Attachments: CIMB_FTSE_China_19_01_12_2011.pdf


MAXBIZ - Listing Circular

Announcement Type: Listing Circular
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 19/01/2011

Announcement Detail:
Subject: PUBLIC REPRIMAND ON MAXBIZ CORPORATION BERHAD
PUBLIC REPRIMAND AND TOTAL FINES OF RM75,000 ON 5 DIRECTORS

Contents: Breaches of paragraphs 9.16(1)(a) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")

1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Maxbiz Corporation Berhad ("MAXBIZ" or "the Company") for breach of paragraph 9.16(1)(a) of the LR.

MAXBIZ is also required to carry out a limited review on the Company's quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 31 December 2010.

2. Paragraph 9.16(1)(a) of the LR states that a listed issuer must ensure that its announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR.
3. MAXBIZ had breached paragraph 9.16(1)(a) of the LR for failing to ensure that the 4th quarterly report for the financial year ended 31 December 2008 ("4th QR 2008") which was announced on 2 March 2009 took into account the adjustments as stated in the Company's announcement dated 4 May 2009.

MAXBIZ had reported an unaudited loss after taxation and minority interest of RM6.227 million for the financial year ended 31 December 2008. However, the Company had on 30 April 2009 reported an audited loss after taxation and minority interest of RM76.926 million. The difference of RM70.699 million between the unaudited and audited results for the financial year ended 31 December 2008 represents a variance of approximately 1,135%.
The variance was mainly due to :- allowance for dimunition in investment amounting to RM47.11 million in relation to the investment in a subsidiary, Mayford Garments Sdn. Bhd. which is under liquidation since 28 February 2007 and its assets with audited net book value exceeding RM40 million as at 31 December 2006 were missing; and provision for impairment loss on goodwill on acquisition of Geahin Engineering Berhad ("Geahin") in year 2004 amounting to RM16.209 million. Geahin was no longer a cash generating unit ie. it was not contributing to the earnings of the Group and all the plant and machinery of Geahin were also missing. 4. Bursa Securities also found that the directors of MAXBIZ to be in breach of paragraph 16.11(b) of the LR for permitting knowingly or where they had reasonable means of obtaining such knowledge the Company to commit the above breach.
The directors found to be in breach and the penalties imposed are as follows :- No. Director Penalty 1. Dato' Vincent Leong Jee Wai
Managing Director
(Appointed on 26 June 2007) Public Reprimand and fine of RM50,000 2. Tuan Haji Abdul Rahman Bin Mohamed
Independent Non-Executive Chairman
(Appointed on 26 June 2007)
Chairman of Audit Committee from 4 February 2008 Public Reprimand 3. Eng Lim Kooi
Independent Non-Executive Director
(Appointed on 26 November 2007)
Member of Audit Committee from 26 November 2007 Public Reprimand 4. Benny Poh Liong Ban
Independent Non-Executive Director
(Appointed on 20 November 2008)
Member of Audit Committee from 20 November 2008
(Resigned on 1 January 2010) Public Reprimand 5. Ivan Lee Wee Kwang
Independent Non-Executive Director from 26 November 2007
Executive Director from 2 September 2008
(Resigned on 1 April 2009) Public Reprimand and fine of RM25,000 The directors had failed to discharge their duties including to undertake reasonable assessment on the necessity to provide for the above dimunition in investment and impairment loss on goodwill to ensure that the 4th QR 2008 was prepared to reflect the true and fair view of the state of affairs of the Company's financial position as at the financial year end 31 December 2008 and complies with paragraph 9.16(1)(a) of the LR.

It is not acceptable for the directors to approve the 4th QR 2008 on the premise that it did not differ from the accounting treatment adopted in previous year's audited accounts nor for the Managing Director to rely on the Audit Committee without reasonable assessment by him in approving the 4th QR 2008, particularly when the Managing Director was also the director primarily responsible for the financial management of the Company in this case.
5. The finding of breach and imposition of the above penalties on MAXBIZ and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the factors giving rise to and materiality of the deviation, the impact of the breach and in relation to the directors, the roles and responsibilities of the respective directors in the Company particularly pertaining to financial management, preparation and review of financial statements.

6. Bursa Securities views the above contravention seriously as the requirement for companies to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions in accordance with the LR is one of the fundamental obligations of companies listed on the Official List of Bursa Securities.
Bursa Securities reminds MAXBIZ and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times.


PENSONI - General Announcement

Announcement Type: General Announcement
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 19/01/2011

Announcement Detail:
Type: Announcement

Subject: SUBSCRIPTION BY PENSONIC HOLDINGS BERHAD ("PHB") FOR AND ADDITIONAL ONE HUNDRED THOUSAND (100,000) NEW ORDINARY SHARES OF RM1.OO EACH IN KEAT RADIO CO. SDN BHD ("KRC")

Contents: 1. INTRODUCTION

The Board of Directors of PHB wishes to announce that, the acquisition an additional 100,000 new ordinary shares of RM1.00 each in KRC for a consideration of RM100,000 which is satisfied by way of capitalization of amount owing by KRC to PHB. Subscription which involved the issuance of 100,000 new ordinary shares, has enlarged the existing issued and paid up share capital of KRC of RM2,400,000 comprising 2,400,000 ordinary shares of RM1.00 each to RM2,500,000 comprising of 2,500,000 ordinary shares of RM1.00 each.

2. BACKGROUND INFORMATION

KRC was originally incorporated in Malaysia as Syarikat Keat Radio Sdn Bhd on 25th April 1977 and has changed its name to Keat Radio Co. Sdn Bhd on 19th July 1979. KRC was being acquired by PHB on 22nd Sep 1995.

Following the subscription, the authorized capital of KRC was RM2,500,000 subdivided into 2,500,000 ordinary shares of RM1.00 each whilst the issued and paid-up capital of KRC was increased to RM2,500,000 divided into 2,500,000 ordinary shares of RM1.00 each.

The principal activities of KRC are manufacturing, assembly and sale of electrical and electronic appliances.

3. RATIONALE FOR THE SUBSCRIPTION

The subscription would enable KRC to increase its capital base to better reflect the extent and nature of its principal activity. KRC is expected to contribute positively to the financial performance of the PHB Group in the long term.

4. FINANCIAL EFFECTS ON THE SUBSCRIPTION

The subscription does not have any effect on the issued and paid up capital of PHB and substantial shareholders' shareholdings. It also does not have any significant effect on the net assets, earnings and gearing of Pensonic for the current financial year.

5. APPROVAL

The subscription is not subject to the approval of the Shareholders of the Company.

6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or Major Shareholders of PENSONIC and/or persons connected to them has any interest, direct or indirect, in the subscription.

7. DIRECTORS' STATEMENT

Having considered the rationale and all other aspects of the subscription, the Board is of the opinion that it is in the best interest of the Company to expand the manufacturing facilities for continuously grows.

This announcement is dated 19th January 2011.



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