STONE - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: STONE MASTER CORPORATION BERHAD ("SMCB" OR "COMPANY")
• PROPOSED CAPITAL REDUCTION; AND
• PROPOSED M&A AMENDMENTS
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Attachments: Proposed Capital Reduction.pdf
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: STONE MASTER CORPORATION BERHAD ("SMCB" OR "COMPANY")
• PROPOSED CAPITAL REDUCTION; AND
• PROPOSED M&A AMENDMENTS
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Attachments: Proposed Capital Reduction.pdf
TRACOMA - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements ("PN17") of Bursa Malaysia Securities Berhad
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements ("PN17") of Bursa Malaysia Securities Berhad
TRACOMA - PRACTICE NOTE 1 / GUIDANCE NOTE 5: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: Tracoma Holdings Berhad ("Tracoma" or "the Company")
- Monthly announcement on the status of Default in Payment pursuant to Practice Note 1 ("PN 1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (" Bursa Securities")
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: Tracoma Holdings Berhad ("Tracoma" or "the Company")
- Monthly announcement on the status of Default in Payment pursuant to Practice Note 1 ("PN 1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (" Bursa Securities")
TGOFFS - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: TANJUNG OFFSHORE BERHAD
Stock Name: TGOFFS
Date Announced: 01/03/2011
Announcement Detail:
Date of buy back: 01/03/2011
Description of shares purchased: Ordinary share of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 100
Minimum price paid for each share purchased ($$): 1.600
Maximum price paid for each share purchased ($$): 1.600
Number of shares purchased retained in treasury (units): 100
Cumulative net outstanding treasury shares as at to-date (units): 2,477,400
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.85
Company Name: TANJUNG OFFSHORE BERHAD
Stock Name: TGOFFS
Date Announced: 01/03/2011
Announcement Detail:
Date of buy back: 01/03/2011
Description of shares purchased: Ordinary share of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 100
Minimum price paid for each share purchased ($$): 1.600
Maximum price paid for each share purchased ($$): 1.600
Number of shares purchased retained in treasury (units): 100
Cumulative net outstanding treasury shares as at to-date (units): 2,477,400
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.85
EVERMAS - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: Further to our announcements dated 12 May 2009 ("First Announcement"), 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 2 October 2009, 2 November 2009, 1 December 2009, 22 December 2009, 5 January 2010, 2 February 2010, 1 March 2010, 18 March 2010, 22 March 2010, 1 April 2010, 30 April 2010, 3 May 2010, 7 May 2010, 11 May 2010, 1 June 2010, 7 June 2010, 1 July 2010, 15 July 2010, 2 August 2010, 1 September 2010, 1 October 2010, 1 November 2010, 1 December 2010, 3 January 2011 and 2 February 2011 respectively.
The Board of Directors of the Company wishes to announce that there is no further development on the above matter.
This announcement is made on 1 March 2011.
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: Further to our announcements dated 12 May 2009 ("First Announcement"), 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 2 October 2009, 2 November 2009, 1 December 2009, 22 December 2009, 5 January 2010, 2 February 2010, 1 March 2010, 18 March 2010, 22 March 2010, 1 April 2010, 30 April 2010, 3 May 2010, 7 May 2010, 11 May 2010, 1 June 2010, 7 June 2010, 1 July 2010, 15 July 2010, 2 August 2010, 1 September 2010, 1 October 2010, 1 November 2010, 1 December 2010, 3 January 2011 and 2 February 2011 respectively.
The Board of Directors of the Company wishes to announce that there is no further development on the above matter.
This announcement is made on 1 March 2011.
EVERMAS - PRACTICE NOTE 1 / GUIDANCE NOTE 5: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: Reference is made to the Company's announcements dated 15 May 2009, 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 2 October 2009, 2 November 2009, 1 December 2009, 5 January 2010, 15 January 2010, 19 January 2010, 2 February 2010, 1 March 2010, 18 March 2010, 22 March 2010, 1 April 2010, 5 April 2010, 3 May 2010, 1 June 2010, 1 July 2010, 2 August 2010, 1 September 2010, 1 October 2010, 1 November 2010, 1 December 2010, 3 January 2011 and 2 February 2011 respectively.
The Board of Directors of the Company wishes to announce that the total current outstanding due to Abrar Discounts Berhad as at today is RM98,469,893.84.
This announcement is made on 1 March 2011.
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: Reference is made to the Company's announcements dated 15 May 2009, 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 2 October 2009, 2 November 2009, 1 December 2009, 5 January 2010, 15 January 2010, 19 January 2010, 2 February 2010, 1 March 2010, 18 March 2010, 22 March 2010, 1 April 2010, 5 April 2010, 3 May 2010, 1 June 2010, 1 July 2010, 2 August 2010, 1 September 2010, 1 October 2010, 1 November 2010, 1 December 2010, 3 January 2011 and 2 February 2011 respectively.
The Board of Directors of the Company wishes to announce that the total current outstanding due to Abrar Discounts Berhad as at today is RM98,469,893.84.
This announcement is made on 1 March 2011.
EVERMAS - General Announcement
Announcement Type: General Announcement
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Evermaster Group Berhad (Receiver and Manager Appointed)("the Company")
- Delay in The Issuance of Quarterly Report
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Evermaster Group Berhad (Receiver and Manager Appointed)("the Company")
- Delay in The Issuance of Quarterly Report
EVERMAS - DELISTING OF SECURITIES
Announcement Type: General Announcement
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: DELISTING OF SECURITIES
Description: EVERMASTER GROUP BERHAD (Receiver and Manager Appointed)
- Decision in Respect of the Appeal Against De-Listing of the Securities of Evermaster Group Berhad ("EVERMAS" OR "THE COMPANY") from the Official List of Bursa Malaysia Securities Berhad
Company Name: EVERMASTER GROUP BERHAD
Stock Name: EVERMAS
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: DELISTING OF SECURITIES
Description: EVERMASTER GROUP BERHAD (Receiver and Manager Appointed)
- Decision in Respect of the Appeal Against De-Listing of the Securities of Evermaster Group Berhad ("EVERMAS" OR "THE COMPANY") from the Official List of Bursa Malaysia Securities Berhad
VINTAGE - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements ("PN17") of Bursa Malaysia Securities Berhad
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 01/03/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements ("PN17") of Bursa Malaysia Securities Berhad
HARVEST - HARVEST COURT INDUSTRIES BERHAD ("HCIB" or "the Company") - Deviation of Results
Announcement Type: General Announcement
Company Name: HARVEST COURT INDUSTRIES BHD
Stock Name: HARVEST
Date Announced: 01/03/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-110228-41043
Subject: HARVEST COURT INDUSTRIES BERHAD ("HCIB" or "the Company")
- Deviation of Results
Description: Reference is made to the Company's announcement dated 25 February 2011.
The Board of Directors of the Company wishes to further announce that: -
1. Harvest Court Management Sdn Bhd ("HCMSB"), a wholly owned subsidiary of the Company had entered into a Joint Venture Agreement ("JV") with Messrs. Laing Huan & Rakan ("LHR") to undertake the harvesting of timber within a designated area of approximately 3,000 acres in Sg. Betalong, Btg Balui Belaga, Sarawak ('Concession Rights") for a period of three (3) years from operating the Concession Rights.
The Salient terms of the JV are summarised as follows:
(i) LHR grants HCMSB the exclusive rights to fell, extract, harvest and remove all merchantable timber from the Designated Area under the License;
(ii) HCMSB will supply and provide labour, logging machinery, tools and other equipment and materials necessary for the felling and extraction of the timber and the operation and maintenance of such machinery, tools and equipment;
(iii) HCMSB is entitled to collect and receive all payments for all sawn timber extracted from the Designated Area;
(iv) The profit before taxation arising from the sale of the sawn timber extracted from the Designated Area, after the deduction of all costs and expenses incurred in relation to the felling, harvesting, extraction, transportation and sale of the timber, will be shared equally between HCMSB and LHR and paid out on a bi-annual basis, or such other period as may be mutually agreed between HCMSB and LHR;
(v) The JV will subsist and continue for the duration of the License, including all renewals of the License, and will terminate upon the completion of the extraction of all merchantable timber on the Land and the sale of all sawn timber pursuant to such extraction; and
(vi) The JV Agreement is conditional upon the following conditions precedent being fulfilled on or before the date falling six (6) months after the execution of the JV Agreement or such other date as mutually agreed between HCMSB and LHR :
(a) HCIB obtaining the approval of the Securities Commission for the Proposed Debt Settlement Scheme; and
(b) HCMSB having carried out and being satisfied with the results of a due diligence exercise on the concession rights comprised in the License and any other matter which may, in HCMSB's opinion, affect the concession rights.
2. The JV is originally expected to be commenced in early 2010 or after the completion of the Corporate Restructuring Exercise in December 2009. The reason for the delay was mainly due to the prevailing market situation in year 2010 was worse than that expected in 2007 and the logs prices were not favourable for export to the Chinese market. Similarly, the European and American markets were also slow down.
3. Pursuant to the Abridged Prospectus of the Company dated 26 October 2009, the projected revenue generated from the JV agreement for year 2010 is around RM16.33 million based on the assumption that HCMSB is expected to share 15,000 tonne of Berlian timber at RM1,800 per tonne, 27,500 tonne of other types of timber at RM800 per tonne with a cost of extraction of RM600 per tonne over the three (3) year period.
4. The Company is currently looking for other viable new business venture. At the same time, the Company has since early 2010, focused to increase the door sales by upgrading the Group's major machineries and improving the manufacturing processes. The Company had secured firm orders from Dubai and India and also penetrated new orders from Iraq and Iran.
This announcement is dated 1 March 2011.
Query Letter content: We refer to the Company's announcement dated 25 February 2011, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Salient terms of the JV Concession with Messrs. Laing Huan & Rakan, including
but not limited to, concession period, location and total size of the
concession area, etc;
The original commencement date of JV Concession and the reasons for the delay;
Basis and justification in arriving at the financial impact of lower revenue by
RM16.33 million and lower gross profit by RM7.69 million that resulted in lower
profit before tax of RM4.75 million; and
The proposed steps to be undertaken by your Company arising from the failure to
commence with the JV Concession.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: HARVEST COURT INDUSTRIES BHD
Stock Name: HARVEST
Date Announced: 01/03/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-110228-41043
Subject: HARVEST COURT INDUSTRIES BERHAD ("HCIB" or "the Company")
- Deviation of Results
Description: Reference is made to the Company's announcement dated 25 February 2011.
The Board of Directors of the Company wishes to further announce that: -
1. Harvest Court Management Sdn Bhd ("HCMSB"), a wholly owned subsidiary of the Company had entered into a Joint Venture Agreement ("JV") with Messrs. Laing Huan & Rakan ("LHR") to undertake the harvesting of timber within a designated area of approximately 3,000 acres in Sg. Betalong, Btg Balui Belaga, Sarawak ('Concession Rights") for a period of three (3) years from operating the Concession Rights.
The Salient terms of the JV are summarised as follows:
(i) LHR grants HCMSB the exclusive rights to fell, extract, harvest and remove all merchantable timber from the Designated Area under the License;
(ii) HCMSB will supply and provide labour, logging machinery, tools and other equipment and materials necessary for the felling and extraction of the timber and the operation and maintenance of such machinery, tools and equipment;
(iii) HCMSB is entitled to collect and receive all payments for all sawn timber extracted from the Designated Area;
(iv) The profit before taxation arising from the sale of the sawn timber extracted from the Designated Area, after the deduction of all costs and expenses incurred in relation to the felling, harvesting, extraction, transportation and sale of the timber, will be shared equally between HCMSB and LHR and paid out on a bi-annual basis, or such other period as may be mutually agreed between HCMSB and LHR;
(v) The JV will subsist and continue for the duration of the License, including all renewals of the License, and will terminate upon the completion of the extraction of all merchantable timber on the Land and the sale of all sawn timber pursuant to such extraction; and
(vi) The JV Agreement is conditional upon the following conditions precedent being fulfilled on or before the date falling six (6) months after the execution of the JV Agreement or such other date as mutually agreed between HCMSB and LHR :
(a) HCIB obtaining the approval of the Securities Commission for the Proposed Debt Settlement Scheme; and
(b) HCMSB having carried out and being satisfied with the results of a due diligence exercise on the concession rights comprised in the License and any other matter which may, in HCMSB's opinion, affect the concession rights.
2. The JV is originally expected to be commenced in early 2010 or after the completion of the Corporate Restructuring Exercise in December 2009. The reason for the delay was mainly due to the prevailing market situation in year 2010 was worse than that expected in 2007 and the logs prices were not favourable for export to the Chinese market. Similarly, the European and American markets were also slow down.
3. Pursuant to the Abridged Prospectus of the Company dated 26 October 2009, the projected revenue generated from the JV agreement for year 2010 is around RM16.33 million based on the assumption that HCMSB is expected to share 15,000 tonne of Berlian timber at RM1,800 per tonne, 27,500 tonne of other types of timber at RM800 per tonne with a cost of extraction of RM600 per tonne over the three (3) year period.
4. The Company is currently looking for other viable new business venture. At the same time, the Company has since early 2010, focused to increase the door sales by upgrading the Group's major machineries and improving the manufacturing processes. The Company had secured firm orders from Dubai and India and also penetrated new orders from Iraq and Iran.
This announcement is dated 1 March 2011.
Query Letter content: We refer to the Company's announcement dated 25 February 2011, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Salient terms of the JV Concession with Messrs. Laing Huan & Rakan, including
but not limited to, concession period, location and total size of the
concession area, etc;
The original commencement date of JV Concession and the reasons for the delay;
Basis and justification in arriving at the financial impact of lower revenue by
RM16.33 million and lower gross profit by RM7.69 million that resulted in lower
profit before tax of RM4.75 million; and
The proposed steps to be undertaken by your Company arising from the failure to
commence with the JV Concession.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
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