QL - QL Resources Berhad - Extraordinary General Meeting
Announcement Type: General Announcement
Company Name: QL RESOURCES BERHAD
Stock Name: QL
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: QL Resources Berhad - Extraordinary General Meeting
Contents: The Board of Directors of QL Resources Berhad is pleased to inform that all the ordinary resolutions and special resolution tabled at the EGM held on 14 January 2011 at Emperor Ballroom, Level 2, Empire Hotel Subang, Jalan SS16/1, 47500 Subang Jaya were approved by the shareholders.
This announcement is dated 14 January 2011.
Company Name: QL RESOURCES BERHAD
Stock Name: QL
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: QL Resources Berhad - Extraordinary General Meeting
Contents: The Board of Directors of QL Resources Berhad is pleased to inform that all the ordinary resolutions and special resolution tabled at the EGM held on 14 January 2011 at Emperor Ballroom, Level 2, Empire Hotel Subang, Jalan SS16/1, 47500 Subang Jaya were approved by the shareholders.
This announcement is dated 14 January 2011.
SUPPORT - General Announcement
Announcement Type: General Announcement
Company Name: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD
Stock Name: SUPPORT
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
Contents: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
Company Name: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD
Stock Name: SUPPORT
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
Contents: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
SILVER - SILVER BIRD GROUP BERHAD ("SBGB" or the "Company") - Public Shareholding Spread Requirement
Announcement Type: General Announcement
Company Name: SILVER BIRD GROUP BERHAD
Stock Name: SILVER
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: SILVER BIRD GROUP BERHAD ("SBGB" or the "Company")
- Public Shareholding Spread Requirement
Contents: Reference is made to the Company's announcement on 30 December 2010 in relation to the above matter.
The Company wishes to inform that as at 30 December 2010, the Company has yet to comply with the Paragraph 8.02(1) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities") in relation to the public shareholding spread requirement.
The public shareholding spread of the Company as at 30 December 2010 was as follows:
1. Percentage (%) of public shareholdings - 15.92%
2. Number of Shares held by public - 61,578,366
The outcome of the Company's application to Bursa Securities for a further extension of time of 6 months from 1 January 2011 to 30 June 2011 to meet the public shareholding spread is still pending.
As at the date of this announcement, the Company will continue to look at the various options to meet the shortfall in public shareholding spread which include, amongst others, the following:
a) To undertake another private placement exercise / fund raising exercise.
b) Continue to persuade its major shareholders to sell down their portion.
This announcement is dated 14 January 2011.
Company Name: SILVER BIRD GROUP BERHAD
Stock Name: SILVER
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: SILVER BIRD GROUP BERHAD ("SBGB" or the "Company")
- Public Shareholding Spread Requirement
Contents: Reference is made to the Company's announcement on 30 December 2010 in relation to the above matter.
The Company wishes to inform that as at 30 December 2010, the Company has yet to comply with the Paragraph 8.02(1) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities") in relation to the public shareholding spread requirement.
The public shareholding spread of the Company as at 30 December 2010 was as follows:
1. Percentage (%) of public shareholdings - 15.92%
2. Number of Shares held by public - 61,578,366
The outcome of the Company's application to Bursa Securities for a further extension of time of 6 months from 1 January 2011 to 30 June 2011 to meet the public shareholding spread is still pending.
As at the date of this announcement, the Company will continue to look at the various options to meet the shortfall in public shareholding spread which include, amongst others, the following:
a) To undertake another private placement exercise / fund raising exercise.
b) Continue to persuade its major shareholders to sell down their portion.
This announcement is dated 14 January 2011.
CAELY - CHANGE OF NAME OF THE WHOLLY-OWNED SUBSIDIARY - CAELYGIRL (M) SDN BHD
Announcement Type: General Announcement
Company Name: CAELY HOLDINGS BHD
Stock Name: CAELY
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: CHANGE OF NAME OF THE WHOLLY-OWNED SUBSIDIARY - CAELYGIRL (M) SDN BHD
Contents: The Company is pleased to inform that the name of the wholly-owned subsidiary has changed from "Caelygirl (M) Sdn Bhd" to "CAELY (M) SDN BHD" with effect from 13 January 2011. The Certificate of Change of Company's Name (Form 13) was received on 14 January 2011.
Company Name: CAELY HOLDINGS BHD
Stock Name: CAELY
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: CHANGE OF NAME OF THE WHOLLY-OWNED SUBSIDIARY - CAELYGIRL (M) SDN BHD
Contents: The Company is pleased to inform that the name of the wholly-owned subsidiary has changed from "Caelygirl (M) Sdn Bhd" to "CAELY (M) SDN BHD" with effect from 13 January 2011. The Certificate of Change of Company's Name (Form 13) was received on 14 January 2011.
SCNWOLF - Notice of Shares Buy Back by a Company pursuant to Form 28A
Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 14/01/2011
Announcement Detail:
Date of buy back from: 03/01/2011
Date of buy back to: 05/01/2011
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.385
Maximum price paid for each share purchased ($$): 0.385
Total amount paid for shares purchased ($$): 7,790.32
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 20,000
Total number of shares retained in treasury (units): 1,277,900
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 14/01/2011
Lodged by: TRICOR CORPORATE SERVICES SDN. BHD.
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 14/01/2011
Announcement Detail:
Date of buy back from: 03/01/2011
Date of buy back to: 05/01/2011
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.385
Maximum price paid for each share purchased ($$): 0.385
Total amount paid for shares purchased ($$): 7,790.32
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 20,000
Total number of shares retained in treasury (units): 1,277,900
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 14/01/2011
Lodged by: TRICOR CORPORATE SERVICES SDN. BHD.
POLY - Notification on dealings in securities by Director during closed period
Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification on dealings in securities by Director during closed period
Contents: Pursuant to paragraph 14.08 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad, this is to notify that POLY GLASS FIBRE (M) BHD ("the Company")has on 14 January 2011 received a notification dated 14 January 2011 from Mr. Fong Wah Kai, the Executive Director of the Company in relation to his indirect acquisition of 33,000 ordinary shares of RM1.00 each in the Company with details as follows:-
Date of Transaction: 13 January 2011
Consideration for the dealing: RM0.365 per share
Amount of Securities acquired: 33,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.02%
Total number of Securities(%) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 75,186,400 (47.0%)
Dated this 14th day of January 2011
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification on dealings in securities by Director during closed period
Contents: Pursuant to paragraph 14.08 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad, this is to notify that POLY GLASS FIBRE (M) BHD ("the Company")has on 14 January 2011 received a notification dated 14 January 2011 from Mr. Fong Wah Kai, the Executive Director of the Company in relation to his indirect acquisition of 33,000 ordinary shares of RM1.00 each in the Company with details as follows:-
Date of Transaction: 13 January 2011
Consideration for the dealing: RM0.365 per share
Amount of Securities acquired: 33,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.02%
Total number of Securities(%) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 75,186,400 (47.0%)
Dated this 14th day of January 2011
BHIC - Deed of Novation
Announcement Type: General Announcement
Company Name: BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name: BHIC
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Deed of Novation
Contents: 1. INTRODUCTION
The Board of Directors of Boustead Heavy Industries Corporation Berhad ("BHIC") wishes to announce that three of its wholly owned subsidiaries ("BHIC subsidiaries"), namely BHIC Petroleum Sdn Bhd ("BP"), Marine Venture Capital Sdn Bhd ("MVC") and PSC Miri Sdn Bhd ("PSC"), have on 14 January 2011 entered into three Deed of Novations with three companies under the Gagasan Group ("Gagasan"), namely Gagasan SAB Sdn. Bhd. ("GS"), Gagasan Sembilan Sdn Bhd ("GSEM") and Gagasan Penang Sdn Bhd ("GP").
Collectively, the three Deed of Novations is hereinafter referred to as the "Deed".
The Deed is entered to enable Gagasan to release and discharge its rights and obligations under the original shipbuilding contract dated 21 February 2007 ("Shipbuilding Contract"), entered into between Boustead Penang Shipyard Sdn. Bhd. ("BPS"), a wholly owned subsidiary of BHIC, and Gagasan Carriers Sdn. Bhd. ("GC"), which GC had subsequently assigned and novated the contract to its subsidiary companies, GS, GSEM and GP.
2. DETAILS OF THE DEED
Reference is made to the Shipbuilding Contract for the construction and sale of three units of 7000 dwt chemical tankers (Hull No. H120, H121 and H122) ("Vessels").
GS, GSEM and GP were desirous to be released and discharged from their rights and obligations under the Shipbuilding Contract. Upon execution of the Deed, BP, MVC and PSC will assume all rights, powers, benefits, interests, titles and entitlements of Gagasan under the Shipbuilding Contract, undertakings under the Shipbuilding Contract and to be bound by the terms of the Shipbuilding Contract, in place of GS, GSEM and GP. Specifically:
1) BP has entered into a Deed of Novation with GS for H120;
2) MVC has entered into a Deed of Novation with GSEM for H121: and
3) PSC has entered into a Deed of Novation with GP for H122.
BPS consented to the execution, delivery and performance of the Deed and agreed to release and discharge the three companies under Gagasan on the terms and conditions of the Deed.
The Deed is supplemental to the Shipbuilding Contract and was entered into pursuant to Gagasan's agreement to assign and novate all of its rights and obligations under the Shipbuilding Contract to BP, MVC and PSC.
The Deed shall take effect on the date of execution by BPS, Gagasan and the BHIC subsidiaries.
The salient terms of the Deed with effect from the date of execution are as follows:
a. BP, MVC and PSC agrees and undertakes to perform the obligations of GS, GSEM and GP under the Shipbuilding Contract and be bound by the terms of the Shipbuilding Contract in every way, as if BP,MVC and PSC was a party to the Shipbuilding Contract in lieu of GS,GSEM and GP;
b. BP, MVC and PSC agree and undertake that there shall be no change in the shareholding structure of BP, MVC and PSC and that BP, MVC and PSC shall remain wholly owned subsidiaries of BHIC, until all obligations of BP, MVC and PSC under the Shipbuilding Contract are fulfilled;
c. GS, GSEM and GP agrees and undertakes to waive its rights, entitlements and claims towards:
i. the Liquidated Damages of United States Dollars One Million One Hundred and Fifty Thousand being full and final settlement for BPS's failure to deliver the Vessel by the contractual delivery date of 17 February 2010(H120), 17 March 2010(H121), 17 April 2010 (H122) ("the Revised Delivery Date");
ii. the Additional Liquidated Damages of United States Dollars Ninety Nine Thousand for the delay exceeding thirty days from the Revised Delivery Date i.e. 17 March 2010 (H120),17 April 2010 (H121), 17 May 2010 (H122) and
iii. the Additional Cost of United States Dollars Three Thousand Three Hundred for each day of delay to be calculated on a day to day basis from 17 March 2010 (H120),17 April 2010 (H121) and 17 May 2010 (H122); until the New Revised Delivery Date.
d. GS, GSEM and GP transfers and conveys absolutely to BP, MVC and PSC all of its rights, titles, interests, benefits, obligations and liabilities in and under the Shipbuilding Contract; and
e. GS, GSEM and GP acknowledge and agree that it shall have no claims or demands against BP, MVC and PSC with respect to the Shipbuilding Contract.
3. RATIONALE
a. The double-hulled Vessels are designed to carry a wide range of cargos and thus will meet the requirements of a range of potential clients.
b. The Deed will fast-track BHIC's foray into the chartering business, which is synergistic to its other core business activity, shipbuilding.
c. BHIC intends to leverage and build on the existing relationships with its key business partners and become an integrated service provider, i.e. shipbuilders and ship-owners of marine vessels. Among others, this will ensure full utilization of yard facilities, optimal management of resources, and diversification of income stream.
4. RISK FACTORS
The Deed is subject to normal business risk.
5. FINANCIAL EFFECTS OF THE DEED
The financial impact arising from the Deed are summarised as follow:
(a) Share Capital
The Deed does not have any effect on the share capital of BHIC.
(b) Earnings
The Deed is expected to contribute positively to BHIC group's earning moving forward.
(c) Substantial Shareholders' Shareholdings
The Deed does not have any effect on the substantial shareholders' shareholdings at BHIC.
(d) Net Assets ("NA")
The Deed does not have any effect on the NA of BHIC group.
(e) Gearing
The Deed is expected to increase the gearing ratio of BHIC Group from 0.46 to 0.73.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and major shareholders of BHIC or any persons connected to them has any interest, direct or indirect in the Deed.
7. APPROVALS REQUIRED
The Novation is not subject to the approval of the shareholders of BHIC or any regulatory authorities.
8. STATEMENT BY DIRECTORS
The Board of Directors of BHIC is of the opinion that the Deed is in the best interest of BHIC and its subsidiaries.
9. DOCUMENT AVAILABLE FOR INSPECTION
The Deed is available for inspection at the registered office of the Company at 17th Floor, Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur during normal business hours from Monday to Friday (except public holidays), for a period of one (1) month from the date of this announcement.
Company Name: BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name: BHIC
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Deed of Novation
Contents: 1. INTRODUCTION
The Board of Directors of Boustead Heavy Industries Corporation Berhad ("BHIC") wishes to announce that three of its wholly owned subsidiaries ("BHIC subsidiaries"), namely BHIC Petroleum Sdn Bhd ("BP"), Marine Venture Capital Sdn Bhd ("MVC") and PSC Miri Sdn Bhd ("PSC"), have on 14 January 2011 entered into three Deed of Novations with three companies under the Gagasan Group ("Gagasan"), namely Gagasan SAB Sdn. Bhd. ("GS"), Gagasan Sembilan Sdn Bhd ("GSEM") and Gagasan Penang Sdn Bhd ("GP").
Collectively, the three Deed of Novations is hereinafter referred to as the "Deed".
The Deed is entered to enable Gagasan to release and discharge its rights and obligations under the original shipbuilding contract dated 21 February 2007 ("Shipbuilding Contract"), entered into between Boustead Penang Shipyard Sdn. Bhd. ("BPS"), a wholly owned subsidiary of BHIC, and Gagasan Carriers Sdn. Bhd. ("GC"), which GC had subsequently assigned and novated the contract to its subsidiary companies, GS, GSEM and GP.
2. DETAILS OF THE DEED
Reference is made to the Shipbuilding Contract for the construction and sale of three units of 7000 dwt chemical tankers (Hull No. H120, H121 and H122) ("Vessels").
GS, GSEM and GP were desirous to be released and discharged from their rights and obligations under the Shipbuilding Contract. Upon execution of the Deed, BP, MVC and PSC will assume all rights, powers, benefits, interests, titles and entitlements of Gagasan under the Shipbuilding Contract, undertakings under the Shipbuilding Contract and to be bound by the terms of the Shipbuilding Contract, in place of GS, GSEM and GP. Specifically:
1) BP has entered into a Deed of Novation with GS for H120;
2) MVC has entered into a Deed of Novation with GSEM for H121: and
3) PSC has entered into a Deed of Novation with GP for H122.
BPS consented to the execution, delivery and performance of the Deed and agreed to release and discharge the three companies under Gagasan on the terms and conditions of the Deed.
The Deed is supplemental to the Shipbuilding Contract and was entered into pursuant to Gagasan's agreement to assign and novate all of its rights and obligations under the Shipbuilding Contract to BP, MVC and PSC.
The Deed shall take effect on the date of execution by BPS, Gagasan and the BHIC subsidiaries.
The salient terms of the Deed with effect from the date of execution are as follows:
a. BP, MVC and PSC agrees and undertakes to perform the obligations of GS, GSEM and GP under the Shipbuilding Contract and be bound by the terms of the Shipbuilding Contract in every way, as if BP,MVC and PSC was a party to the Shipbuilding Contract in lieu of GS,GSEM and GP;
b. BP, MVC and PSC agree and undertake that there shall be no change in the shareholding structure of BP, MVC and PSC and that BP, MVC and PSC shall remain wholly owned subsidiaries of BHIC, until all obligations of BP, MVC and PSC under the Shipbuilding Contract are fulfilled;
c. GS, GSEM and GP agrees and undertakes to waive its rights, entitlements and claims towards:
i. the Liquidated Damages of United States Dollars One Million One Hundred and Fifty Thousand being full and final settlement for BPS's failure to deliver the Vessel by the contractual delivery date of 17 February 2010(H120), 17 March 2010(H121), 17 April 2010 (H122) ("the Revised Delivery Date");
ii. the Additional Liquidated Damages of United States Dollars Ninety Nine Thousand for the delay exceeding thirty days from the Revised Delivery Date i.e. 17 March 2010 (H120),17 April 2010 (H121), 17 May 2010 (H122) and
iii. the Additional Cost of United States Dollars Three Thousand Three Hundred for each day of delay to be calculated on a day to day basis from 17 March 2010 (H120),17 April 2010 (H121) and 17 May 2010 (H122); until the New Revised Delivery Date.
d. GS, GSEM and GP transfers and conveys absolutely to BP, MVC and PSC all of its rights, titles, interests, benefits, obligations and liabilities in and under the Shipbuilding Contract; and
e. GS, GSEM and GP acknowledge and agree that it shall have no claims or demands against BP, MVC and PSC with respect to the Shipbuilding Contract.
3. RATIONALE
a. The double-hulled Vessels are designed to carry a wide range of cargos and thus will meet the requirements of a range of potential clients.
b. The Deed will fast-track BHIC's foray into the chartering business, which is synergistic to its other core business activity, shipbuilding.
c. BHIC intends to leverage and build on the existing relationships with its key business partners and become an integrated service provider, i.e. shipbuilders and ship-owners of marine vessels. Among others, this will ensure full utilization of yard facilities, optimal management of resources, and diversification of income stream.
4. RISK FACTORS
The Deed is subject to normal business risk.
5. FINANCIAL EFFECTS OF THE DEED
The financial impact arising from the Deed are summarised as follow:
(a) Share Capital
The Deed does not have any effect on the share capital of BHIC.
(b) Earnings
The Deed is expected to contribute positively to BHIC group's earning moving forward.
(c) Substantial Shareholders' Shareholdings
The Deed does not have any effect on the substantial shareholders' shareholdings at BHIC.
(d) Net Assets ("NA")
The Deed does not have any effect on the NA of BHIC group.
(e) Gearing
The Deed is expected to increase the gearing ratio of BHIC Group from 0.46 to 0.73.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and major shareholders of BHIC or any persons connected to them has any interest, direct or indirect in the Deed.
7. APPROVALS REQUIRED
The Novation is not subject to the approval of the shareholders of BHIC or any regulatory authorities.
8. STATEMENT BY DIRECTORS
The Board of Directors of BHIC is of the opinion that the Deed is in the best interest of BHIC and its subsidiaries.
9. DOCUMENT AVAILABLE FOR INSPECTION
The Deed is available for inspection at the registered office of the Company at 17th Floor, Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur during normal business hours from Monday to Friday (except public holidays), for a period of one (1) month from the date of this announcement.
KYM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM")
PROPOSED PRIVATE PLACEMENT OF 5,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN KYM REPRESENTING APPROXIMATELY 5% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KYM ("PROPOSED PRIVATE PLACEMENT")
Contents: Further to the announcement dated 29 December 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of KYM, is pleased to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad today.
This announcement is dated 14 January 2011.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM")
PROPOSED PRIVATE PLACEMENT OF 5,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN KYM REPRESENTING APPROXIMATELY 5% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KYM ("PROPOSED PRIVATE PLACEMENT")
Contents: Further to the announcement dated 29 December 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of KYM, is pleased to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad today.
This announcement is dated 14 January 2011.
SALCON - PROPOSED SUBSCRIPTION OF 1,026,000 NEW ORDINARY SHARES OF RM1.00 EACH IN ECO-TOURS SDN. BHD.
Announcement Type: General Announcement
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: PROPOSED SUBSCRIPTION OF 1,026,000 NEW ORDINARY SHARES OF RM1.00 EACH IN ECO-TOURS SDN. BHD.
Contents: Introduction
The Board of Directors of Salcon is pleased to announce that Salcon Capital Sdn. Bhd. ("SCSB"), a wholly-owned subsidiary of the Company had on 14 January 2011 entered into a Shares Subscription Agreement with Eco-Tours Sdn. Bhd. ("Eco-Tours") and Eco-NGT Sdn. Bhd. ("Eco-NGT") ("Existing Sole Shareholder of Eco-Tours") to subscribe for 1,026,000 new ordinary shares of RM1.00 each ("Subscription") in the issued and paid-up share capital of Eco-Tours which represents 51.3% of the share capital of 2,000,000 ordinary shares of RM1.00 each
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: PROPOSED SUBSCRIPTION OF 1,026,000 NEW ORDINARY SHARES OF RM1.00 EACH IN ECO-TOURS SDN. BHD.
Contents: Introduction
The Board of Directors of Salcon is pleased to announce that Salcon Capital Sdn. Bhd. ("SCSB"), a wholly-owned subsidiary of the Company had on 14 January 2011 entered into a Shares Subscription Agreement with Eco-Tours Sdn. Bhd. ("Eco-Tours") and Eco-NGT Sdn. Bhd. ("Eco-NGT") ("Existing Sole Shareholder of Eco-Tours") to subscribe for 1,026,000 new ordinary shares of RM1.00 each ("Subscription") in the issued and paid-up share capital of Eco-Tours which represents 51.3% of the share capital of 2,000,000 ordinary shares of RM1.00 each
SKW - Letter of Award from B.S. Civil Engineering Sdn. Bhd.
Announcement Type: General Announcement
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Letter of Award from B.S. Civil Engineering Sdn. Bhd.
Contents: INTRODUCTION
The Board of Directors of Syarikat Kayu Wangi Berhad ("SKW" or "Company") is pleased to announce that the Company has on 14 January 2011accepted a Letter of Award from B. S. Civil Engineering Sdn. Bhd. for a subcontract to supply, labour, materials, plants, equipment, tools and other necessary items to carry out the construction of the proposed development of affordable housing scheme consisting of three (3) blocks of eleven (11) storey medium cost apartments comprising 480 units of 800 sq ft per unit, seven (7) blocks of eleven (11) storey medium cost apartments comprising 1,120 units of 1,000 sq ft per unit, surau and multipurpose hall and ancillary works including all external and infrastructure works on Lot PT No. 806 to Lot PT 815 all in the Mukim of Teluk Chengai, Daerah Kota Setar, Bandar Alor Star, Kedah Darul Aman based on design and build concept for a subcontract amount of RM129,240,000 (Ringgit Malaysia: One Hundred Twenty Nine Million Two Hundred and Forty Thousand Only).
DURATION OF SUBCONTRACT
The subcontract work is to be carried out in two (2) phases, as follows:-
Phase One (1)
Period of completion: 36 months
Commencement date: June 2011
Completion date: May 2014
Phase Two (2)
Period of completion: 36 months
Commencement date: June 2014
Completion date: May 2017
FINANCIAL EFFECTS
The abovementioned subcontract valued at approximately RM129,240,000 is expected to contribute positively to the earnings and net assets of SKW for the financial years ending 2011 to 2017.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors, major shareholders and/or persons connected to the Directors and major shareholders of SKW, has any interest, direct or indirect, in the abovementioned subcontract.
DIRECTORS' STATEMENT
The Board of Directors of SKW is of the opinion that the acceptance of the abovementioned subcontract is in the best interest of the Company.
This announcement is dated 14 January 2011.
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 14/01/2011
Announcement Detail:
Type: Announcement
Subject: Letter of Award from B.S. Civil Engineering Sdn. Bhd.
Contents: INTRODUCTION
The Board of Directors of Syarikat Kayu Wangi Berhad ("SKW" or "Company") is pleased to announce that the Company has on 14 January 2011accepted a Letter of Award from B. S. Civil Engineering Sdn. Bhd. for a subcontract to supply, labour, materials, plants, equipment, tools and other necessary items to carry out the construction of the proposed development of affordable housing scheme consisting of three (3) blocks of eleven (11) storey medium cost apartments comprising 480 units of 800 sq ft per unit, seven (7) blocks of eleven (11) storey medium cost apartments comprising 1,120 units of 1,000 sq ft per unit, surau and multipurpose hall and ancillary works including all external and infrastructure works on Lot PT No. 806 to Lot PT 815 all in the Mukim of Teluk Chengai, Daerah Kota Setar, Bandar Alor Star, Kedah Darul Aman based on design and build concept for a subcontract amount of RM129,240,000 (Ringgit Malaysia: One Hundred Twenty Nine Million Two Hundred and Forty Thousand Only).
DURATION OF SUBCONTRACT
The subcontract work is to be carried out in two (2) phases, as follows:-
Phase One (1)
Period of completion: 36 months
Commencement date: June 2011
Completion date: May 2014
Phase Two (2)
Period of completion: 36 months
Commencement date: June 2014
Completion date: May 2017
FINANCIAL EFFECTS
The abovementioned subcontract valued at approximately RM129,240,000 is expected to contribute positively to the earnings and net assets of SKW for the financial years ending 2011 to 2017.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors, major shareholders and/or persons connected to the Directors and major shareholders of SKW, has any interest, direct or indirect, in the abovementioned subcontract.
DIRECTORS' STATEMENT
The Board of Directors of SKW is of the opinion that the acceptance of the abovementioned subcontract is in the best interest of the Company.
This announcement is dated 14 January 2011.
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