KWANTAS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: KWANTAS CORPORATION BERHAD
Stock Name: KWANTAS
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject: Acquisition of Remaining 30% Equity Interest in Subsidiary - Miracle Harvest Sdn Bhd ("MHSB")
The Board of Directors of Kwantas Corporation Berhad ("Kwantas" or the "Company") is pleased to announce that the Company had on today acquired the remaining 30% equity interest of Miracle Harvest Sdn Bhd ("MHSB"), a subsidiary incorporated in Malaysia (Collectively known as "the Acquisition").
MHSB is a company incorporated and registered on 15 June 2005 under the Companies Act, 1965 in Malaysia and having its registered office at Lot 154, Jalan Sungai Padungan, 93100 Kuching, Sarawak. The principal activities of MHSB are involved in the operations of oil palm plantations and with a total paid-up capital of RM10,000.00 divided into 10,000 ordinary shares of RM1.00 each.
Details of the Acquisition:
1.INTRODUCTION
The total purchase consideration of the Acquisition is RM18,188,701. The Acquisition has resulted in the acquisition of the remaining of 30% equity interest in MHSB by Kwantas. Prior to the Acquisition, Kwantas held 70% equity interest in MHSB. Subsequent to the Acquisition, MHSB is the wholly owned subsidiary of Kwantas.
2.BASIS OF CONSIDERATION
The purchase consideration for the Acquisition was arrived at a "willing-seller willing-buyer" basis and the equity interest acquired is free from all charges, liens, pledges and other encumbrances and with all rights, benefits and entitlements attached hereto.
3.RATIONALE FOR THE ACQUISITION
The Acquisition is part of the Company's strategic planning to consolidate and strengthen its operation in the plantation division of the Group.
4.SOURCE OF FUNDS
The Purchase Price is satisfied entirely in cash, which will be financed through internally generated funds of the Company.
5.EFFECTS OF THE ACQUISITION
5.1 Share Capital and Substantial Shareholders' Shareholding
The Acquisition will not have any effect on the issued and paid-up share capital of Kwantas as well as Kwantas' substantial shareholders' shareholdings, as the Purchase Price is wholly satisfied by cash and does not involve any issuance of shares in Kwantas.
5.2 Earnings Per Share ("EPS")
The Acquisition is not expected to have any material effect on the consolidated EPS of the Company for the financial year ended 30 June 2011 but will in longer term enhances the EPS.
5.3 Net Assets Per Share ("NA")
The Acquisition is not expected to have any material effect on the NA of the Company.
5.4 Gearing
As set out in Section 4 above, the Purchase Price is funded through internally generated funds of Kwantas. The Acquisition will not have any effect on the gearing level of the Company.
6.RISK FACTORS
All palm oil producers are subject to risks inherit in the oil palm plantation business and the palm oil industry. These include but are not limited to entry of new players, changes in the weather conditions, outbreak of pests and diseases, constraints in labour supply, changes in law and tax regulations affecting the palm oil, increase in production costs and threat of substitutes for palm oil products. Any adverse changes in the abovementioned conditions could have a negative effects on the oil palm plantation industry, which the Company operates in.
7.DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the directors or major shareholders and/or persons connected to the directors or major shareholders has any interest, direct and indirect in the Acquisition.
8.DIRECTORS' STATEMENT
The Board of Directors of Kwantas, having reasonably considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Company.
9.APPROVAL REQUIRED
The Acquisition is not subject to the approval of Shareholders or regulatory authorities.
10.PERCENTAGE RATIO
The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02 (g) of the Listing Requirements is 2.54%, being the aggregate value of the consideration paid in relation to the transaction compared with the market value of all ordinary shares of the listed issuer.
Attachments: Percentage ratios to Bursa (MH).pdf
Company Name: KWANTAS CORPORATION BERHAD
Stock Name: KWANTAS
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject: Acquisition of Remaining 30% Equity Interest in Subsidiary - Miracle Harvest Sdn Bhd ("MHSB")
The Board of Directors of Kwantas Corporation Berhad ("Kwantas" or the "Company") is pleased to announce that the Company had on today acquired the remaining 30% equity interest of Miracle Harvest Sdn Bhd ("MHSB"), a subsidiary incorporated in Malaysia (Collectively known as "the Acquisition").
MHSB is a company incorporated and registered on 15 June 2005 under the Companies Act, 1965 in Malaysia and having its registered office at Lot 154, Jalan Sungai Padungan, 93100 Kuching, Sarawak. The principal activities of MHSB are involved in the operations of oil palm plantations and with a total paid-up capital of RM10,000.00 divided into 10,000 ordinary shares of RM1.00 each.
Details of the Acquisition:
1.INTRODUCTION
The total purchase consideration of the Acquisition is RM18,188,701. The Acquisition has resulted in the acquisition of the remaining of 30% equity interest in MHSB by Kwantas. Prior to the Acquisition, Kwantas held 70% equity interest in MHSB. Subsequent to the Acquisition, MHSB is the wholly owned subsidiary of Kwantas.
2.BASIS OF CONSIDERATION
The purchase consideration for the Acquisition was arrived at a "willing-seller willing-buyer" basis and the equity interest acquired is free from all charges, liens, pledges and other encumbrances and with all rights, benefits and entitlements attached hereto.
3.RATIONALE FOR THE ACQUISITION
The Acquisition is part of the Company's strategic planning to consolidate and strengthen its operation in the plantation division of the Group.
4.SOURCE OF FUNDS
The Purchase Price is satisfied entirely in cash, which will be financed through internally generated funds of the Company.
5.EFFECTS OF THE ACQUISITION
5.1 Share Capital and Substantial Shareholders' Shareholding
The Acquisition will not have any effect on the issued and paid-up share capital of Kwantas as well as Kwantas' substantial shareholders' shareholdings, as the Purchase Price is wholly satisfied by cash and does not involve any issuance of shares in Kwantas.
5.2 Earnings Per Share ("EPS")
The Acquisition is not expected to have any material effect on the consolidated EPS of the Company for the financial year ended 30 June 2011 but will in longer term enhances the EPS.
5.3 Net Assets Per Share ("NA")
The Acquisition is not expected to have any material effect on the NA of the Company.
5.4 Gearing
As set out in Section 4 above, the Purchase Price is funded through internally generated funds of Kwantas. The Acquisition will not have any effect on the gearing level of the Company.
6.RISK FACTORS
All palm oil producers are subject to risks inherit in the oil palm plantation business and the palm oil industry. These include but are not limited to entry of new players, changes in the weather conditions, outbreak of pests and diseases, constraints in labour supply, changes in law and tax regulations affecting the palm oil, increase in production costs and threat of substitutes for palm oil products. Any adverse changes in the abovementioned conditions could have a negative effects on the oil palm plantation industry, which the Company operates in.
7.DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the directors or major shareholders and/or persons connected to the directors or major shareholders has any interest, direct and indirect in the Acquisition.
8.DIRECTORS' STATEMENT
The Board of Directors of Kwantas, having reasonably considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Company.
9.APPROVAL REQUIRED
The Acquisition is not subject to the approval of Shareholders or regulatory authorities.
10.PERCENTAGE RATIO
The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02 (g) of the Listing Requirements is 2.54%, being the aggregate value of the consideration paid in relation to the transaction compared with the market value of all ordinary shares of the listed issuer.
Attachments: Percentage ratios to Bursa (MH).pdf
ARK - Entitlement - Others
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: ECM LIBRA INVESTMENT BANK BERHAD
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 18/05/2011
Announcement Detail:
EX-date: 30/05/2011
Entitlement date: 01/06/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: The capital reduction comprises the following:-
(a) cancellation of RM0.50 of the par value of each existing issued and fully paid-up share of ARK Resources Berhad ("ARK") of RM1.00 each; and
(b) consolidation on the basis of two (2) ordinary shares of RM0.50 each in ARK into one (1) ordinary share of RM1.00 each ("Capital Reduction").
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn. Bhd.
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel : 03 - 2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 01/06/2011
Entitlement indicator: Ratio
Ratio: 2 : 1
Remarks: On the even date, ARK has also announced the book closure date for the renounceable rights issue of 15,475,725 new ordinary shares of RM1.00 each in ARK ("Rights Shares") at an issue price of RM1.00 per Rights Share on the basis of three (3) Rights Shares for every four (4) existing ordinary shares of RM1.00 each held in ARK after the Capital Reduction together with 15,475,725 free detachable warrants on the basis of one (1)detachable warrant for every one (1) Rights Share subscribed ("Rights Issue"). The book closure date for the Rights Issue will be at 5.00 p.m. on 1 June 2011.
This announcement is dated 18 May 2011.
Submitting Merchant Bank: ECM LIBRA INVESTMENT BANK BERHAD
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 18/05/2011
Announcement Detail:
EX-date: 30/05/2011
Entitlement date: 01/06/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: The capital reduction comprises the following:-
(a) cancellation of RM0.50 of the par value of each existing issued and fully paid-up share of ARK Resources Berhad ("ARK") of RM1.00 each; and
(b) consolidation on the basis of two (2) ordinary shares of RM0.50 each in ARK into one (1) ordinary share of RM1.00 each ("Capital Reduction").
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn. Bhd.
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel : 03 - 2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 01/06/2011
Entitlement indicator: Ratio
Ratio: 2 : 1
Remarks: On the even date, ARK has also announced the book closure date for the renounceable rights issue of 15,475,725 new ordinary shares of RM1.00 each in ARK ("Rights Shares") at an issue price of RM1.00 per Rights Share on the basis of three (3) Rights Shares for every four (4) existing ordinary shares of RM1.00 each held in ARK after the Capital Reduction together with 15,475,725 free detachable warrants on the basis of one (1)detachable warrant for every one (1) Rights Share subscribed ("Rights Issue"). The book closure date for the Rights Issue will be at 5.00 p.m. on 1 June 2011.
This announcement is dated 18 May 2011.
ARK - Important Relevant Dates for Renounceable Rights
Announcement Type: Important Relevant Dates for Renounceable Rights
Submitting Merchant Bank: ECM LIBRA INVESTMENT BANK BERHAD
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 18/05/2011
Announcement Detail:
Title / Description: RENOUNCEABLE RIGHTS ISSUE OF 15,475,725 NEW ORDINARY SHARES OF RM1.00 EACH IN ARK RESOURCES BERHAD ("ARK") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN ARK AS AT 5.00P.M. ON 1 JUNE 2011 TOGETHER WITH 15,475,725 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) DETACHABLE WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED
Despatch Date: 03/06/2011
Remarks: The Abridged Prospectus, together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will be despatched to the shareholders of ARK whose names appear in the Record of Depositors at 5.00 p.m. on 1 June 2011 ("Entitled Shareholders") not later than two (2) market days from 1 June 2011, being the entitlement date for the Rights Issue.
The Abridged Prospectus, together with the NPA and RSF, will not be sent to the foreign Entitled Shareholders who do not have an address in Malaysia. Any foreign Entitled Shareholder who is without a registered address in Malaysia and wish to provide a Malaysian address, should inform his/her stockbroker to effect the change of address prior to 1 June 2011.
This announcement is dated 18 May 2011.
Submitting Merchant Bank: ECM LIBRA INVESTMENT BANK BERHAD
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 18/05/2011
Announcement Detail:
Title / Description: RENOUNCEABLE RIGHTS ISSUE OF 15,475,725 NEW ORDINARY SHARES OF RM1.00 EACH IN ARK RESOURCES BERHAD ("ARK") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN ARK AS AT 5.00P.M. ON 1 JUNE 2011 TOGETHER WITH 15,475,725 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) DETACHABLE WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED
Despatch Date: 03/06/2011
Remarks: The Abridged Prospectus, together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will be despatched to the shareholders of ARK whose names appear in the Record of Depositors at 5.00 p.m. on 1 June 2011 ("Entitled Shareholders") not later than two (2) market days from 1 June 2011, being the entitlement date for the Rights Issue.
The Abridged Prospectus, together with the NPA and RSF, will not be sent to the foreign Entitled Shareholders who do not have an address in Malaysia. Any foreign Entitled Shareholder who is without a registered address in Malaysia and wish to provide a Malaysian address, should inform his/her stockbroker to effect the change of address prior to 1 June 2011.
This announcement is dated 18 May 2011.
NICE - PRACTICE NOTE 1 / GUIDANCE NOTE 5: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: NICHE CAPITAL EMAS HOLDINGS BERHAD
Stock Name: NICE
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: NICHE CAPITAL EMAS HOLDINGS BERHAD [Formerly known as Yikon Corporation Bhd.]("the Company")
Company Name: NICHE CAPITAL EMAS HOLDINGS BERHAD
Stock Name: NICE
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: NICHE CAPITAL EMAS HOLDINGS BERHAD [Formerly known as Yikon Corporation Bhd.]("the Company")
GLOBALC - Quarterly rpt on consolidated results for the financial period ended 31/3/2011
Announcement Type: Financial Results
Company Name: GLOBAL CARRIERS BERHAD
Stock Name: GLOBALC
Date Announced: 18/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: GLOBAL CARRIERS BERHAD
Stock Name: GLOBALC
Date Announced: 18/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
POLY - OTHERS
Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Kuala Lumpur High Court Civil No.22NCVC-337-2011
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 18/05/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Kuala Lumpur High Court Civil No.22NCVC-337-2011
DAIBOCI - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.
Stock Name: DAIBOCI
Date Announced: 18/05/2011
Announcement Detail:
Date of buy back: 18/05/2011
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,100
Minimum price paid for each share purchased ($$): 2.690
Maximum price paid for each share purchased ($$): 2.700
Total consideration paid ($$): 30,122.92
Number of shares purchased retained in treasury (units): 11,100
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,264,400
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.67
Company Name: DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.
Stock Name: DAIBOCI
Date Announced: 18/05/2011
Announcement Detail:
Date of buy back: 18/05/2011
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,100
Minimum price paid for each share purchased ($$): 2.690
Maximum price paid for each share purchased ($$): 2.700
Total consideration paid ($$): 30,122.92
Number of shares purchased retained in treasury (units): 11,100
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,264,400
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 (%): 1.67
GFB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 18/05/2011
Announcement Detail:
Date of buy back: 18/05/2011
Description of shares purchased: Ordinary Shares of RM1 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 1.370
Maximum price paid for each share purchased ($$): 1.380
Total consideration paid ($$): 11,070.24
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,137,400
Adjusted issued capital after cancellation (no. of shares) (units): 56,616,106
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.54
Remarks: Total consideration paid for shares purchased is inclusive of brokerage, clearing house fee and stamp duty.
This announcement is dated 18/05/2011
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 18/05/2011
Announcement Detail:
Date of buy back: 18/05/2011
Description of shares purchased: Ordinary Shares of RM1 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 1.370
Maximum price paid for each share purchased ($$): 1.380
Total consideration paid ($$): 11,070.24
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,137,400
Adjusted issued capital after cancellation (no. of shares) (units): 56,616,106
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.54
Remarks: Total consideration paid for shares purchased is inclusive of brokerage, clearing house fee and stamp duty.
This announcement is dated 18/05/2011
SAPCRES - Change in Chief Executive Officer
Announcement Type: Change in Chief Executive Officer
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 18/05/2011
Announcement Detail:
Date of change: 18/05/2011
Type of change: Others
Name: Rohaizad Darus
Age: 46
Nationality: Malaysian
Qualifications: Encik Rohaizad holds B.Sc in Mechanical Engineering from California State University, USA.
Working experience and occupation: He has been involved in the oil & gas industry for the past 22 years, beginning his career with Petronas Gas and thereafter with Esso Production Malaysia Inc. En. Rohaizad has been with the Sapura Group for the past 9 years and held the post of Chief Operating Officer of SapuraCrest Petroleum Berhad ("SapuraCrest") from mid 2008. He was appointed Chief Executive Officer of SapuraCrest on 1 February 2010. With immediate effect, Encik Rohaizad shall head the Oil and Gas Construction Services Division.
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 or its subsidiaries: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Pursuant to the award of the Risk Service Contract for the Berantai marginal oil field development on 31 January 2011, the management structure of SapuraCrest has been divided into two separate divisions, Energy Ventures & Operations and Oil & Gas Construction Services.
The Energy Ventures and Operations Division is headed by Encik Reza Abdul Rahim, CEO, Energy Ventures and Operations while the Oil & Gas Construction Services Division is headed by Encik Rohaizad Darus, CEO, Oil and Gas Construction Services.
Following this, the Executive Vice-Chairman of SapuraCrest, YBhg Datuk Shahril Shamsuddin shall continue to be the principal executive of SapuraCrest within the meaning of the Main Market Listing Requirements of Bursa Malaysia. He carries the title "Executive Vice-Chairman & President".
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 18/05/2011
Announcement Detail:
Date of change: 18/05/2011
Type of change: Others
Name: Rohaizad Darus
Age: 46
Nationality: Malaysian
Qualifications: Encik Rohaizad holds B.Sc in Mechanical Engineering from California State University, USA.
Working experience and occupation: He has been involved in the oil & gas industry for the past 22 years, beginning his career with Petronas Gas and thereafter with Esso Production Malaysia Inc. En. Rohaizad has been with the Sapura Group for the past 9 years and held the post of Chief Operating Officer of SapuraCrest Petroleum Berhad ("SapuraCrest") from mid 2008. He was appointed Chief Executive Officer of SapuraCrest on 1 February 2010. With immediate effect, Encik Rohaizad shall head the Oil and Gas Construction Services Division.
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 or its subsidiaries: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Pursuant to the award of the Risk Service Contract for the Berantai marginal oil field development on 31 January 2011, the management structure of SapuraCrest has been divided into two separate divisions, Energy Ventures & Operations and Oil & Gas Construction Services.
The Energy Ventures and Operations Division is headed by Encik Reza Abdul Rahim, CEO, Energy Ventures and Operations while the Oil & Gas Construction Services Division is headed by Encik Rohaizad Darus, CEO, Oil and Gas Construction Services.
Following this, the Executive Vice-Chairman of SapuraCrest, YBhg Datuk Shahril Shamsuddin shall continue to be the principal executive of SapuraCrest within the meaning of the Main Market Listing Requirements of Bursa Malaysia. He carries the title "Executive Vice-Chairman & President".
KAMDAR - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KAMDAR GROUP (M) BERHAD
Stock Name: KAMDAR
Date Announced: 18/05/2011
Announcement Detail:
Date of change: 18/05/2011
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: RAJESH KUMAR A/L GEJINDER NATH
Age: 43
Nationality: MALAYSIAN
Qualifications: Bachelor of Letters and Law (Hons) (University of London) (1992)
Working experience and occupation: In 1995, he was admitted to the Malaysian Bar. He has since been in active practice covering a vast scope of litigation matters pertaining to civil, commercial and corporate litigation, construction claims and disputes, industrial relations and appellate matters. He is currently a partner of Messrs. Vicknaraj, R.D. Ratnam, Rajesh Kumar & Associates. He is also a member of the Malaysian BAR Council Disciplinary Tribunal.
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: Nil
Company Name: KAMDAR GROUP (M) BERHAD
Stock Name: KAMDAR
Date Announced: 18/05/2011
Announcement Detail:
Date of change: 18/05/2011
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: RAJESH KUMAR A/L GEJINDER NATH
Age: 43
Nationality: MALAYSIAN
Qualifications: Bachelor of Letters and Law (Hons) (University of London) (1992)
Working experience and occupation: In 1995, he was admitted to the Malaysian Bar. He has since been in active practice covering a vast scope of litigation matters pertaining to civil, commercial and corporate litigation, construction claims and disputes, industrial relations and appellate matters. He is currently a partner of Messrs. Vicknaraj, R.D. Ratnam, Rajesh Kumar & Associates. He is also a member of the Malaysian BAR Council Disciplinary Tribunal.
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: Nil
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