PADINI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: PADINI HOLDINGS BERHAD
Stock Name: PADINI
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: PADINI HOLDINGS BERHAD ("Padini" or "the Company")
- PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EACH ORDINARY SHARE OF RM0.50 EACH HELD IN PADINI INTO FIVE ORDINARY SHARES OF RM0.10 EACH ("PROPOSED SHARE SPLIT"); AND
- PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF PADINI TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED SHARE SPLIT ("PROPOSED AMENDMENT")
(COLLECTIVELY REFERRED TO AS "THE PROPOSALS")
Contents: We refer to the announcement dated 6 October 2010 in relation to the Proposals ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board of Directors of Padini, RHB Investment Bank Berhad wishes to announce the following:
(i) Pursuant to the Proposed Share Split, the issued and paid-up share capital of Padini of RM65,790,950 comprising 131,581,900 ordinary shares of RM0.50 each as at 5.00 p.m. today will be subdivided into RM65,790,950 comprising 657,909,500 ordinary shares of RM0.10 each ("Subdivided Shares"); and
(ii) The Subdivided Shares will be listed and quoted on Bursa Securities with effect from 9.00 a.m. on 6 January 2011.
This announcement is dated 5 January 2011
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: PADINI HOLDINGS BERHAD
Stock Name: PADINI
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: PADINI HOLDINGS BERHAD ("Padini" or "the Company")
- PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EACH ORDINARY SHARE OF RM0.50 EACH HELD IN PADINI INTO FIVE ORDINARY SHARES OF RM0.10 EACH ("PROPOSED SHARE SPLIT"); AND
- PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF PADINI TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED SHARE SPLIT ("PROPOSED AMENDMENT")
(COLLECTIVELY REFERRED TO AS "THE PROPOSALS")
Contents: We refer to the announcement dated 6 October 2010 in relation to the Proposals ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board of Directors of Padini, RHB Investment Bank Berhad wishes to announce the following:
(i) Pursuant to the Proposed Share Split, the issued and paid-up share capital of Padini of RM65,790,950 comprising 131,581,900 ordinary shares of RM0.50 each as at 5.00 p.m. today will be subdivided into RM65,790,950 comprising 657,909,500 ordinary shares of RM0.10 each ("Subdivided Shares"); and
(ii) The Subdivided Shares will be listed and quoted on Bursa Securities with effect from 9.00 a.m. on 6 January 2011.
This announcement is dated 5 January 2011
PPG - PELANGI PUBLISHING GROUP BHD ("PPGB" or "the Company") ~ ACQUISITION OF LAND
Announcement Type: General Announcement
Company Name: PELANGI PUBLISHING GROUP BHD.
Stock Name: PPG
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: PELANGI PUBLISHING GROUP BHD ("PPGB" or "the Company")
~ ACQUISITION OF LAND
Contents: On behalf of the Board of Directors of PPGB, we wish to announce that PPGB's wholly-owned subsidiary namely Penerbitan Pelangi Sdn Bhd ("PPSB") and PPSB's wholly-owned subsidiary namely Comtech Marketing Sdn Bhd ("CMSB") had on 5 January 2011 entered into the Sale and Purchase Agreements ("SPAs") with Mahabuilders Berhad ("MB" or "Developer") to purchase three plots of land at a total consideration of RM3,977,310 (Malaysia Ringgit: Three Million Nine Hundred Seventy Seven Thousand Three Hundred and Ten Only) (hereinafter referred to "the Transaction").
The details of the Transaction is attached below.
Attachments: KMBT35020110105071907.pdf
Company Name: PELANGI PUBLISHING GROUP BHD.
Stock Name: PPG
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: PELANGI PUBLISHING GROUP BHD ("PPGB" or "the Company")
~ ACQUISITION OF LAND
Contents: On behalf of the Board of Directors of PPGB, we wish to announce that PPGB's wholly-owned subsidiary namely Penerbitan Pelangi Sdn Bhd ("PPSB") and PPSB's wholly-owned subsidiary namely Comtech Marketing Sdn Bhd ("CMSB") had on 5 January 2011 entered into the Sale and Purchase Agreements ("SPAs") with Mahabuilders Berhad ("MB" or "Developer") to purchase three plots of land at a total consideration of RM3,977,310 (Malaysia Ringgit: Three Million Nine Hundred Seventy Seven Thousand Three Hundred and Ten Only) (hereinafter referred to "the Transaction").
The details of the Transaction is attached below.
Attachments: KMBT35020110105071907.pdf
SATANG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 05/01/2011
Announcement Detail:
Date of change: 05/01/2011
Type of change: Resignation
Designation: Executive Director
Directorate: Executive
Name: Tajudin bin Talib
Age: 54
Nationality: Malaysian
Qualifications: 1) Master in Business administration (MBA)
CAMDEN UNIVERSITY USA
2) Certificate Senior Management Course
RMAF KINRARA
3) Certificate in mechanical engineering
UNIVERSITI TEKNOLOGI MARA ( UiTM )
4) Pre-Diploma in mechanical engineering
UNIVERSITI TEKNOLOGI MARA ( UiTM )
Working experience and occupation: Encik Tajudin bin Talib has started his carrier as an Engineering Officer in Royal Malaysian Airforce, serving this service for 15 years with the last rank of Major TUDM. Other than military function he also responsible in the Maintenance and Control of Specialist Vehicles and Ground Support Equipment assets. Encik Tajudin is also specialist in Armament and capable in handling of the Explosive.
After leaving the service in 1993, Encik Tajudin developing his experience in business organization by joining IJM Corporation Bhd and Norwest Holding (M) Sdn. Bhd as business development and customer service manager who responsible in managing heavy vehicles workshop and marketing the services.
In 1998 Encik Tajudin has joined Satang Jaya Sdn Bhd as business development Executive following with a promotion to the position of manager . He has been appointed as Chief Operating Officer of Satang GSE Services Sdn Bhd in October till January 2009.
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: 18,000 ordinary shares of RM0.50 each
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 05/01/2011
Announcement Detail:
Date of change: 05/01/2011
Type of change: Resignation
Designation: Executive Director
Directorate: Executive
Name: Tajudin bin Talib
Age: 54
Nationality: Malaysian
Qualifications: 1) Master in Business administration (MBA)
CAMDEN UNIVERSITY USA
2) Certificate Senior Management Course
RMAF KINRARA
3) Certificate in mechanical engineering
UNIVERSITI TEKNOLOGI MARA ( UiTM )
4) Pre-Diploma in mechanical engineering
UNIVERSITI TEKNOLOGI MARA ( UiTM )
Working experience and occupation: Encik Tajudin bin Talib has started his carrier as an Engineering Officer in Royal Malaysian Airforce, serving this service for 15 years with the last rank of Major TUDM. Other than military function he also responsible in the Maintenance and Control of Specialist Vehicles and Ground Support Equipment assets. Encik Tajudin is also specialist in Armament and capable in handling of the Explosive.
After leaving the service in 1993, Encik Tajudin developing his experience in business organization by joining IJM Corporation Bhd and Norwest Holding (M) Sdn. Bhd as business development and customer service manager who responsible in managing heavy vehicles workshop and marketing the services.
In 1998 Encik Tajudin has joined Satang Jaya Sdn Bhd as business development Executive following with a promotion to the position of manager . He has been appointed as Chief Operating Officer of Satang GSE Services Sdn Bhd in October till January 2009.
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: 18,000 ordinary shares of RM0.50 each
VINTAGE - General Announcement
Announcement Type: General Announcement
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Notice Pursuant to Section 218 of the Companies Act, 1965 ("the Notice")
Contents: 1. Date of presentation of the Notice Pursuant to Section 218 of the Companies Act, 1965 and the particulars of the claim under the Notice, including the amount claimed for under the Notice and the interest rate.
The Board of Directors of VVB wishes to announce that on 5 January 2011, the Company and Newsteel Building Systems Sdn Bhd ("Newsteel"), a subsidiary of the Company have received the Notice Pursuant to Section 218 (1) (e) of the Companies Act, 1965 ("Notice") from Messrs. J.M. Chong, Vincent Chee & Co., the solicitors for Star Shine Global Trading Sdn Bhd ("Star Shine"), demanding the total sum of RM1,675,824.45 together with further interest to be charged on the principal sum of RM1,492,675.95 at the rate of 1.5% per month from 27 July 2010 until full settlement within Twenty One (21) days from the service of this Notice being the sum due and owing to Star Shine and in the event the Company and Newsteel fail to pay the same, the Company and Newsteel will be deemed to be unable to pay the aforesaid debt and appropriate action will be taken for winding up the Company and Newsteel.
2. Details of the default or circumstances leading to the filing of the Notice against VVB and Newsteel
The Company and Newsteel had on 5 March 2010 entered into the Deed of Settlement with Star Shine whereby the Company and Newsteel agreed to pay the settlement sum of RM1,158,337.03 as full and final settlement of the outstanding principal sum of RM1,492,675.95 and accrued interest of RM383,148.50 to Star Shine.
The circumstances leading to the filing of the Notice against the Company and Newsteel was due to the fact that the Company and Newsteel has failed and/or default to pay on the monthly installments as provided in the said Deed of Settlement.
3. A confirmation as to whether Newsteel is a major subsidiary
Newsteel is not a major subsidiary of VVB.
4. The cost of investment in Newsteel
The total cost of investment in Newsteel is RM799,999.00.
5. The financial and operational impact of the Notice on the Group
The Group has adequate resources to meet the commitment of the claim and therefore, the petition has no financial and operational impact to the Group.
6. The expected losses, if any, arising from the notice
The Company is not expected to incur any further loss arising from the notice.
7. Steps taken and proposed to be taken in respect of the Notice.
VVB is seeking the necessary legal advice to resolve and/or defend against this matter.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 5 January 2011.
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Notice Pursuant to Section 218 of the Companies Act, 1965 ("the Notice")
Contents: 1. Date of presentation of the Notice Pursuant to Section 218 of the Companies Act, 1965 and the particulars of the claim under the Notice, including the amount claimed for under the Notice and the interest rate.
The Board of Directors of VVB wishes to announce that on 5 January 2011, the Company and Newsteel Building Systems Sdn Bhd ("Newsteel"), a subsidiary of the Company have received the Notice Pursuant to Section 218 (1) (e) of the Companies Act, 1965 ("Notice") from Messrs. J.M. Chong, Vincent Chee & Co., the solicitors for Star Shine Global Trading Sdn Bhd ("Star Shine"), demanding the total sum of RM1,675,824.45 together with further interest to be charged on the principal sum of RM1,492,675.95 at the rate of 1.5% per month from 27 July 2010 until full settlement within Twenty One (21) days from the service of this Notice being the sum due and owing to Star Shine and in the event the Company and Newsteel fail to pay the same, the Company and Newsteel will be deemed to be unable to pay the aforesaid debt and appropriate action will be taken for winding up the Company and Newsteel.
2. Details of the default or circumstances leading to the filing of the Notice against VVB and Newsteel
The Company and Newsteel had on 5 March 2010 entered into the Deed of Settlement with Star Shine whereby the Company and Newsteel agreed to pay the settlement sum of RM1,158,337.03 as full and final settlement of the outstanding principal sum of RM1,492,675.95 and accrued interest of RM383,148.50 to Star Shine.
The circumstances leading to the filing of the Notice against the Company and Newsteel was due to the fact that the Company and Newsteel has failed and/or default to pay on the monthly installments as provided in the said Deed of Settlement.
3. A confirmation as to whether Newsteel is a major subsidiary
Newsteel is not a major subsidiary of VVB.
4. The cost of investment in Newsteel
The total cost of investment in Newsteel is RM799,999.00.
5. The financial and operational impact of the Notice on the Group
The Group has adequate resources to meet the commitment of the claim and therefore, the petition has no financial and operational impact to the Group.
6. The expected losses, if any, arising from the notice
The Company is not expected to incur any further loss arising from the notice.
7. Steps taken and proposed to be taken in respect of the Notice.
VVB is seeking the necessary legal advice to resolve and/or defend against this matter.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 5 January 2011.
HARVEST - General Announcement
Announcement Type: General Announcement
Company Name: HARVEST COURT INDUSTRIES BHD
Stock Name: HARVEST
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: HARVEST COURT INDUSTRIES BERHAD ("HCI" or "the Company")
- PROPOSED ACQUISITION OF MACHINERIES BY HARVEST COURT MARKETING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Contents: Reference is made to the Company's annoucements dated 30 December 2010 and 4 January 2011 respectively.
The Board of Directors of the Company wishes to further announce that the basis in arriving at the purchase consideration of RM646,278.00 was at willing buyer and willing seller basis based on the net book value of the machineries purchased from Muhibbah Enterprise (Port Klang) Sdn Bhd.
This announcement is dated 5 January 2011.
Company Name: HARVEST COURT INDUSTRIES BHD
Stock Name: HARVEST
Date Announced: 05/01/2011
Announcement Detail:
Type: Announcement
Subject: HARVEST COURT INDUSTRIES BERHAD ("HCI" or "the Company")
- PROPOSED ACQUISITION OF MACHINERIES BY HARVEST COURT MARKETING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Contents: Reference is made to the Company's annoucements dated 30 December 2010 and 4 January 2011 respectively.
The Board of Directors of the Company wishes to further announce that the basis in arriving at the purchase consideration of RM646,278.00 was at willing buyer and willing seller basis based on the net book value of the machineries purchased from Muhibbah Enterprise (Port Klang) Sdn Bhd.
This announcement is dated 5 January 2011.
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