PLUS - General Announcement
Announcement Type: General Announcement
Company Name: PLUS EXPRESSWAYS BERHAD
Stock Name: PLUS
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
Contents: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
Company Name: PLUS EXPRESSWAYS BERHAD
Stock Name: PLUS
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
Contents: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
KPJ - KPJ HEALTHCARE BERHAD ("KPJ" OR "THE COMPANY")
Announcement Type: General Announcement
Company Name: KPJ HEALTHCARE BERHAD
Stock Name: KPJ
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: KPJ HEALTHCARE BERHAD ("KPJ" OR "THE COMPANY")
Contents: The Company wishes to inform that a Board of Directors' meeting will be held on Wednesday, 12 January 2011 to discuss and deliberate on the nomination of Tuan Hj Kamaruzzaman Bin Abu Kassim as Chairman of KPJ Healthcare Berhad by Johor Corporation.
This announcement is dated 10 January 2011.
Company Name: KPJ HEALTHCARE BERHAD
Stock Name: KPJ
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: KPJ HEALTHCARE BERHAD ("KPJ" OR "THE COMPANY")
Contents: The Company wishes to inform that a Board of Directors' meeting will be held on Wednesday, 12 January 2011 to discuss and deliberate on the nomination of Tuan Hj Kamaruzzaman Bin Abu Kassim as Chairman of KPJ Healthcare Berhad by Johor Corporation.
This announcement is dated 10 January 2011.
BDB - PRESS RELEASE BY BINA DARULAMAN BERHAD (332945 - X)("BDB")
Announcement Type: General Announcement
Company Name: BINA DARULAMAN BERHAD
Stock Name: BDB
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: PRESS RELEASE BY BINA DARULAMAN BERHAD (332945 - X)("BDB")
Contents: The Board of Bina Darulaman Berhad (BDB) would like to refer to the attached press release (In English) in relation to the above which was released in the evening to the press by BDB for immediate release by the Bursa Malaysia.
This announcement is dated 10th January 2011.
Attachments: SKMBT_press release_bdb01.pdf
Company Name: BINA DARULAMAN BERHAD
Stock Name: BDB
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: PRESS RELEASE BY BINA DARULAMAN BERHAD (332945 - X)("BDB")
Contents: The Board of Bina Darulaman Berhad (BDB) would like to refer to the attached press release (In English) in relation to the above which was released in the evening to the press by BDB for immediate release by the Bursa Malaysia.
This announcement is dated 10th January 2011.
Attachments: SKMBT_press release_bdb01.pdf
KENANGA - General Announcement
Announcement Type: General Announcement
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Quarterly Disclosure for the period ended 31 December 2010 pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad, K & N Kenanga Holdings Berhad is pleased to submit the Quarterly Disclosure for the fourth quarter ended 31 December 2010 of its wholly owned subsidiary, Kenanga Capital Sdn Bhd.
Attachments: Bursa 4th Quarter 2010.pdf
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Quarterly Disclosure for the period ended 31 December 2010 pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad, K & N Kenanga Holdings Berhad is pleased to submit the Quarterly Disclosure for the fourth quarter ended 31 December 2010 of its wholly owned subsidiary, Kenanga Capital Sdn Bhd.
Attachments: Bursa 4th Quarter 2010.pdf
KWANTAS - Disposal of entire 70% Shareholding in Green Ace Resources Sdn Bhd ("GARSB")
Announcement Type: General Announcement
Company Name: KWANTAS CORPORATION BERHAD
Stock Name: KWANTAS
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Disposal of entire 70% Shareholding in Green Ace Resources Sdn Bhd ("GARSB")
Contents: 1. INTRODUCTION
The Board of Directors ("the Board") of Kwantas Corporation Berhad ("Kwantas" or "the Company") is pleased to announce that the Company had on 6 January 2011 entered into a Conditional Sale Shares Agreement ("SSA") with Golden Agri Resources Sdn Bhd ("Golden" or "the Purchaser") for the disposal of its entire 7,000 ordinary shares of RM1.00 each ("Sale Shares") representing 70% equity interest in Green Ace Resources Sdn Bhd ("GARSB") for a total cash consideration of RM32,405,293.18. Collectively known as "Disposal").
Upon completion of the transaction, GARSB shall cease to be a subsidiary of the Company.
2. DETAILS OF THE DISPOSAL
2.1 Brief Information of the Parties
Kwantas is a company incorporated and registered in Malaysia and is listed on the Main Market of the Bursa Malaysia Securities Berhad. The register office of the Company is located at 1st Floor, Fordeco Building, Jalan Singa Mata, 91100 Lahad Datu, Sabah, Malaysia.
Golden is a company incorporated and registered in Malaysia and is having its registered office at Lot 6.08, 6th Floor, Plaza First Nationwide, No. 161, Jalan Tun H.S Lee, 50000 Kuala Lumpur, Malaysia.
2.2 Cost of Investment
The original cost of investment of the Company in GARSB was as follows:
Type of Security Date of Cost of No of Shares
Investment Investment held in GARSB
RM
Ordinary Shares 15.3.2006 7,000.00 7,000
2.3 Basis of arriving at the Disposal price
The Disposal price was arrived at on a "willing-buyer willing-seller" basis after taking into account of a piece of land owned by GARSB (which is the only asset of GARSB) located at Sungai Narub, Mukah and described as Lot 1, Block 194, Oya-Dalat Land District ("the Land"),which is free from all charges, liens, equities and any other encumbrances and with all rights attaching thereto at the Disposal price and subject to the terms and conditions contained in the SSA.
2.4 Utilisation of Proceeds
The sales proceed arising from the Disposal will be utilised for the Company working capital purposes after settling all incidental costs incurred in connection with the Disposal.
2.5 Payment of the Consideration
The payment of the consideration shall be made by the Purchaser to the Company in the following manner:
1) A sum of RM3,564,582.25 towards deposit and part payment of the Purchase Price shall be paid upon execution of the SSA in the following manner:
i) RM648,105.86 being the retention sum for real property gain tax is paid to the Purchaser's solicitors; and
ii) RM2,916,476.39 is paid to the Company.
2) a sum of RM28,840,710.93 shall be paid by the Purchaser within four months from date of SSA, provided that on the date for payment, the Conditions
Precedent ("CP") shall have been satisfied as follows:
i) this SSA is conditional upon the procurement of a letter of approval from the relevant authority granting an extension of time of three years in
respect of the Planting Condition of the Land.
ii) The time for satisfaction of the CP shall be before the expiry of three months from the date of SSA or such other date(s) as the parties hereto may
in writing agree ("CP Compliance Date").
iii)If the CP is not satisfied by the CP Compliance Date, the Company shall refund all monies paid by the Purchaser and the Solicitors shall return the
deposited documents to the Company and thereafter this SSA shall terminate and forthwith be null and void and each party shall have no further
claim against each other whatsoever arising from this SSA.
3. LIABILITIES TO BE ASSUMED
There are no liabilities to be assumed by the Purchaser arising from the Disposal by the Company.
4. RATIONAL FOR THE DISPOSAL
The Disposal is part of the Company's streamlining exercise and will assist the Group to reduce its bank borrowings.
5. FINANCIAL EFFECTS
5.1 Share capital and substantial shareholders' shareholding
The Disposal will not have any effect on the share capital and substantial shareholders' shareholding in Kwantas.
5.2 Earnings
The Disposal is expected to realise a net gain on disposal of approximately RM32 million.
5.3 Net Assets and Gearing
The Disposal will improve the Company gearing ratio by 3% for the financial year ending 30 June 2010.
6. DIRECTORS' RECOMMENDATION
The BOD of Kwantas after taking into consideration of all financial and other factors, are of the opinion that the Disposal is in the best interest of Kwantas.
7. Directors and Major Shareholders' Interests
None of the directors and major shareholders of the Company or persons connected with them have any interest, direct and indirect, in the Disposal.
8. APPROVAL REQUIRED
The Disposal does not require the approval of Kwantas shareholders.
9. DEPARTURE FROM EQUITY GUIDELINES OF THE SECURITIES COMMISSIONS ("SC GUIDELINES")
To the best of their knowledge and belief, the Board is not aware of any departure from SC's Guidelines in undertaking the Disposal.
10.DUCUMENTS AVAILABLE FOR INSPECTION
The SSA for the Disposal is available for inspection at Kwantas registered office at 1st Floor, Fordeco Building, Jalan Singa Mata, 91100, Lahad Datu, Sabah, Malaysia,during normal business hours on Monday to Friday for a period of three months from the date of this announcement.
11. PERCENTAGE RATIO
The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02(g) of the Listing Requirements is 5.28%, being the aggregate value of the consideration received in relation to the transaction compared with the market value of all ordinary shares of the listed issuer.
11. ESTIMATED TIME FRAME FOR COMPLETION
Barring unforeseen circumstances, the Disposal is expected to be completed in the second quarter of year 2011.
Attachments: Disposal of entire 70% Shareholding in Green Ace Resources Sdn Bhd.pdf
Company Name: KWANTAS CORPORATION BERHAD
Stock Name: KWANTAS
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Disposal of entire 70% Shareholding in Green Ace Resources Sdn Bhd ("GARSB")
Contents: 1. INTRODUCTION
The Board of Directors ("the Board") of Kwantas Corporation Berhad ("Kwantas" or "the Company") is pleased to announce that the Company had on 6 January 2011 entered into a Conditional Sale Shares Agreement ("SSA") with Golden Agri Resources Sdn Bhd ("Golden" or "the Purchaser") for the disposal of its entire 7,000 ordinary shares of RM1.00 each ("Sale Shares") representing 70% equity interest in Green Ace Resources Sdn Bhd ("GARSB") for a total cash consideration of RM32,405,293.18. Collectively known as "Disposal").
Upon completion of the transaction, GARSB shall cease to be a subsidiary of the Company.
2. DETAILS OF THE DISPOSAL
2.1 Brief Information of the Parties
Kwantas is a company incorporated and registered in Malaysia and is listed on the Main Market of the Bursa Malaysia Securities Berhad. The register office of the Company is located at 1st Floor, Fordeco Building, Jalan Singa Mata, 91100 Lahad Datu, Sabah, Malaysia.
Golden is a company incorporated and registered in Malaysia and is having its registered office at Lot 6.08, 6th Floor, Plaza First Nationwide, No. 161, Jalan Tun H.S Lee, 50000 Kuala Lumpur, Malaysia.
2.2 Cost of Investment
The original cost of investment of the Company in GARSB was as follows:
Type of Security Date of Cost of No of Shares
Investment Investment held in GARSB
RM
Ordinary Shares 15.3.2006 7,000.00 7,000
2.3 Basis of arriving at the Disposal price
The Disposal price was arrived at on a "willing-buyer willing-seller" basis after taking into account of a piece of land owned by GARSB (which is the only asset of GARSB) located at Sungai Narub, Mukah and described as Lot 1, Block 194, Oya-Dalat Land District ("the Land"),which is free from all charges, liens, equities and any other encumbrances and with all rights attaching thereto at the Disposal price and subject to the terms and conditions contained in the SSA.
2.4 Utilisation of Proceeds
The sales proceed arising from the Disposal will be utilised for the Company working capital purposes after settling all incidental costs incurred in connection with the Disposal.
2.5 Payment of the Consideration
The payment of the consideration shall be made by the Purchaser to the Company in the following manner:
1) A sum of RM3,564,582.25 towards deposit and part payment of the Purchase Price shall be paid upon execution of the SSA in the following manner:
i) RM648,105.86 being the retention sum for real property gain tax is paid to the Purchaser's solicitors; and
ii) RM2,916,476.39 is paid to the Company.
2) a sum of RM28,840,710.93 shall be paid by the Purchaser within four months from date of SSA, provided that on the date for payment, the Conditions
Precedent ("CP") shall have been satisfied as follows:
i) this SSA is conditional upon the procurement of a letter of approval from the relevant authority granting an extension of time of three years in
respect of the Planting Condition of the Land.
ii) The time for satisfaction of the CP shall be before the expiry of three months from the date of SSA or such other date(s) as the parties hereto may
in writing agree ("CP Compliance Date").
iii)If the CP is not satisfied by the CP Compliance Date, the Company shall refund all monies paid by the Purchaser and the Solicitors shall return the
deposited documents to the Company and thereafter this SSA shall terminate and forthwith be null and void and each party shall have no further
claim against each other whatsoever arising from this SSA.
3. LIABILITIES TO BE ASSUMED
There are no liabilities to be assumed by the Purchaser arising from the Disposal by the Company.
4. RATIONAL FOR THE DISPOSAL
The Disposal is part of the Company's streamlining exercise and will assist the Group to reduce its bank borrowings.
5. FINANCIAL EFFECTS
5.1 Share capital and substantial shareholders' shareholding
The Disposal will not have any effect on the share capital and substantial shareholders' shareholding in Kwantas.
5.2 Earnings
The Disposal is expected to realise a net gain on disposal of approximately RM32 million.
5.3 Net Assets and Gearing
The Disposal will improve the Company gearing ratio by 3% for the financial year ending 30 June 2010.
6. DIRECTORS' RECOMMENDATION
The BOD of Kwantas after taking into consideration of all financial and other factors, are of the opinion that the Disposal is in the best interest of Kwantas.
7. Directors and Major Shareholders' Interests
None of the directors and major shareholders of the Company or persons connected with them have any interest, direct and indirect, in the Disposal.
8. APPROVAL REQUIRED
The Disposal does not require the approval of Kwantas shareholders.
9. DEPARTURE FROM EQUITY GUIDELINES OF THE SECURITIES COMMISSIONS ("SC GUIDELINES")
To the best of their knowledge and belief, the Board is not aware of any departure from SC's Guidelines in undertaking the Disposal.
10.DUCUMENTS AVAILABLE FOR INSPECTION
The SSA for the Disposal is available for inspection at Kwantas registered office at 1st Floor, Fordeco Building, Jalan Singa Mata, 91100, Lahad Datu, Sabah, Malaysia,during normal business hours on Monday to Friday for a period of three months from the date of this announcement.
11. PERCENTAGE RATIO
The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02(g) of the Listing Requirements is 5.28%, being the aggregate value of the consideration received in relation to the transaction compared with the market value of all ordinary shares of the listed issuer.
11. ESTIMATED TIME FRAME FOR COMPLETION
Barring unforeseen circumstances, the Disposal is expected to be completed in the second quarter of year 2011.
Attachments: Disposal of entire 70% Shareholding in Green Ace Resources Sdn Bhd.pdf
TIGER - TIGER SYNERGY BERHAD Updates of Legal Cases
Announcement Type: General Announcement
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: TIGER SYNERGY BERHAD
Updates of Legal Cases
Contents: The Board of Directors of Tiger Synergy Berhad ("The Company") wishes to update the Exchange
on the following legal cases of the subsidiaries of the Companies:-
1. Kuala Lumpur High Court Suit No. S22-290-2010
Plaintiff : Sylvia Jesindra Kaur A/P Malkeed Singh
Defendant : 1. Minply Development Sdn. Bhd.
2. Goldenier Property Management Sdn. Bhd.
3. Tan Wei Lian
4. Tan Lee Chin
The dispute arose from the sale and purchase agreement dated 7 November 2008.
The case had been fixed for hearing on 2.3.2011.
4. Kuala Lumpur High Court Originating Summon No. S-2-24-1035-2007
Plaintiff : Syarikat Kemajuan Perumahan Negara Sdn. Bhd.
Defendant : (i) Janavista Sdn. Bhd.
(ii) Star Village Development Sdn. Bhd.
The case is fixed for full trial on 16.2.2011 and 28.2.2011
This announcement is dated 10 January 2011
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: TIGER SYNERGY BERHAD
Updates of Legal Cases
Contents: The Board of Directors of Tiger Synergy Berhad ("The Company") wishes to update the Exchange
on the following legal cases of the subsidiaries of the Companies:-
1. Kuala Lumpur High Court Suit No. S22-290-2010
Plaintiff : Sylvia Jesindra Kaur A/P Malkeed Singh
Defendant : 1. Minply Development Sdn. Bhd.
2. Goldenier Property Management Sdn. Bhd.
3. Tan Wei Lian
4. Tan Lee Chin
The dispute arose from the sale and purchase agreement dated 7 November 2008.
The case had been fixed for hearing on 2.3.2011.
4. Kuala Lumpur High Court Originating Summon No. S-2-24-1035-2007
Plaintiff : Syarikat Kemajuan Perumahan Negara Sdn. Bhd.
Defendant : (i) Janavista Sdn. Bhd.
(ii) Star Village Development Sdn. Bhd.
The case is fixed for full trial on 16.2.2011 and 28.2.2011
This announcement is dated 10 January 2011
CENTURY - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: CENTURY LOGISTICS HOLDINGS BERHAD
Stock Name: CENTURY
Date Announced: 10/01/2011
Announcement Detail:
Date of buy back: 10/01/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,700
Minimum price paid for each share purchased ($$): 1.840
Maximum price paid for each share purchased ($$): 1.860
Total consideration paid ($$): 38,172.00
Number of shares purchased retained in treasury (units): 20,700
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,489,820
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.26
Company Name: CENTURY LOGISTICS HOLDINGS BERHAD
Stock Name: CENTURY
Date Announced: 10/01/2011
Announcement Detail:
Date of buy back: 10/01/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,700
Minimum price paid for each share purchased ($$): 1.840
Maximum price paid for each share purchased ($$): 1.860
Total consideration paid ($$): 38,172.00
Number of shares purchased retained in treasury (units): 20,700
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,489,820
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 (%): 4.26
RAMUNIA - REPLY TO QUERY: ARTICLE APPEARING IN THE EDGE FINANCIAL DAILY ON 7 JANUARY 2011
Announcement Type: General Announcement
Company Name: RAMUNIA HOLDINGS BERHAD
Stock Name: RAMUNIA
Date Announced: 10/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-110107-52922
Subject: REPLY TO QUERY: ARTICLE APPEARING IN THE EDGE FINANCIAL DAILY ON 7 JANUARY 2011
Contents: We refer to the query letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 7 January 2011 in respect of the article appearing in The Edge Financial Daily, page 1, on Friday, 7 January 2011.
The Board of Directors of the Company ("Board") wishes to confirm that RAHB is in preliminary discussions with the vendors of Syarikat Borcos Shipping Sdn Bhd ("Borcos") for the acquisition of an equity stake in Borcos. To date, no definitive and conclusive terms have been agreed upon with the vendors of Borcos in respect of the said acquisition. An appropriate announcement will be made by the Board in due course should the acquisition materialise.
In addition, we wish to clarify the following sentence in the article which was inaccurately reported:-
"Ramunia Holdings Berhad, which is without a core business,??."
Notwithstanding the Company sold its fabrication yard to Sime Darby Engineering Sdn Bhd in April 2010, RAHB continues to carry out its existing core business by actively participating in bids for projects in the oil and gas and engineering sectors, as permitted in the Petronas license issued to the Company's wholly-owned subsidiary, Ramunia Fabricators Sdn Bhd. This license was renewed in June 2010.
This announcement is dated 10 January 2011.
Query Letter content: We refer to the above article appearing in The Edge Financial Daily, page 1, on
Friday, 7 January 2011, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows:-
"Ramunia Holdings Berhad, which is without a core business, is in talks to
acquire Syarikat Borcos Shipping Sdn Bhd .............."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Group Regulations
TYE/YLS
c.c.Head, Market Surveillance Department, Securities Commission (via fax)
Company Name: RAMUNIA HOLDINGS BERHAD
Stock Name: RAMUNIA
Date Announced: 10/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-110107-52922
Subject: REPLY TO QUERY: ARTICLE APPEARING IN THE EDGE FINANCIAL DAILY ON 7 JANUARY 2011
Contents: We refer to the query letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 7 January 2011 in respect of the article appearing in The Edge Financial Daily, page 1, on Friday, 7 January 2011.
The Board of Directors of the Company ("Board") wishes to confirm that RAHB is in preliminary discussions with the vendors of Syarikat Borcos Shipping Sdn Bhd ("Borcos") for the acquisition of an equity stake in Borcos. To date, no definitive and conclusive terms have been agreed upon with the vendors of Borcos in respect of the said acquisition. An appropriate announcement will be made by the Board in due course should the acquisition materialise.
In addition, we wish to clarify the following sentence in the article which was inaccurately reported:-
"Ramunia Holdings Berhad, which is without a core business,??."
Notwithstanding the Company sold its fabrication yard to Sime Darby Engineering Sdn Bhd in April 2010, RAHB continues to carry out its existing core business by actively participating in bids for projects in the oil and gas and engineering sectors, as permitted in the Petronas license issued to the Company's wholly-owned subsidiary, Ramunia Fabricators Sdn Bhd. This license was renewed in June 2010.
This announcement is dated 10 January 2011.
Query Letter content: We refer to the above article appearing in The Edge Financial Daily, page 1, on
Friday, 7 January 2011, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows:-
"Ramunia Holdings Berhad, which is without a core business, is in talks to
acquire Syarikat Borcos Shipping Sdn Bhd .............."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Group Regulations
TYE/YLS
c.c.Head, Market Surveillance Department, Securities Commission (via fax)
EKOVEST - MRCB-EKOVEST POISED TO BAG RIVER CLEAN-UP JOB
Announcement Type: General Announcement
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: MRCB-EKOVEST POISED TO BAG RIVER CLEAN-UP JOB
Contents: We refer to the above article which was reported on The Edge Malaysia article today.
As of today, we have not received any Award Letter from the Government of Malaysia pertaining to the project as mentioned in the said article.
Ekovest will make the appropriate announcement to Bursa Securities if and whenever matters which requires immediate announcement in accordance with the Bursa Securities' Corporate Disclosure Policy.
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: MRCB-EKOVEST POISED TO BAG RIVER CLEAN-UP JOB
Contents: We refer to the above article which was reported on The Edge Malaysia article today.
As of today, we have not received any Award Letter from the Government of Malaysia pertaining to the project as mentioned in the said article.
Ekovest will make the appropriate announcement to Bursa Securities if and whenever matters which requires immediate announcement in accordance with the Bursa Securities' Corporate Disclosure Policy.
GADANG - General Announcement
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 27 December 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person has on 10 January 2011 informed the Company of his dealings in the securities of the Company as per the table below:-
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 27 December 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person has on 10 January 2011 informed the Company of his dealings in the securities of the Company as per the table below:-
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