BJFOOD - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: BERJAYA FOOD BERHAD
Stock Name: BJFOOD
Date Announced: 02/09/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: CY-110829-61515
Subject: BERJAYA FOOD BERHAD ("BFOOD" OR "COMPANY")
PROPOSED ACQUISITION OF 50% EQUITY INTEREST IN BERJAYA STARBUCKS COFFEE COMPANY SDN BHD ("PROPOSED ACQUISITION"); AND
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 118,944,800 ORDINARY SHARES OF RM.50 EACH IN BFOOD ("RIGHTS SHARES") TOGETHER WITH UP TO 118,944,800 NEW FREE WARRANTS ("WARRANT") ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH FOUR (4) WARRANTS FOR EVERY FIVE (5) BFOOD SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Description: -
Query Letter content: We refer to your Company's announcement dated 25 August 2011 in respect of the
aforesaid matters.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
basis of arriving at the consideration of RM71.698 million or price-earnings of
13.5 times.
justification(s) for the consideration of RM71.698 million or price-earnings of
13.5 times.
the terms of arrangement for payment on a deferred basis.
to elaborate on the future growth prospects of Berjaya Starbucks that was taken
into consideration in arriving at the purchase consideration.
basis of arriving at the issue price of the Rights Shares of RM0.65 per share
or the discount of 13.3%.
justification(s) for the issue price of the Rights Shares of RM0.65 per share
or the discount of 13.3%.
basis of arriving at the exercise price of the Warrants of RM0.70.
justification(s) for the exercise price of the Warrants of RM0.70.
brief description of approval to be obtained from Starbucks Coffee
International, Inc.
please note that the interested director(s) shall also abstained from giving an
opinion on the Proposed Rights Issue.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
/WCY
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Reply to Bursa _FINAL.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: BERJAYA FOOD BERHAD
Stock Name: BJFOOD
Date Announced: 02/09/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: CY-110829-61515
Subject: BERJAYA FOOD BERHAD ("BFOOD" OR "COMPANY")
PROPOSED ACQUISITION OF 50% EQUITY INTEREST IN BERJAYA STARBUCKS COFFEE COMPANY SDN BHD ("PROPOSED ACQUISITION"); AND
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 118,944,800 ORDINARY SHARES OF RM.50 EACH IN BFOOD ("RIGHTS SHARES") TOGETHER WITH UP TO 118,944,800 NEW FREE WARRANTS ("WARRANT") ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH FOUR (4) WARRANTS FOR EVERY FIVE (5) BFOOD SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Description: -
Query Letter content: We refer to your Company's announcement dated 25 August 2011 in respect of the
aforesaid matters.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
basis of arriving at the consideration of RM71.698 million or price-earnings of
13.5 times.
justification(s) for the consideration of RM71.698 million or price-earnings of
13.5 times.
the terms of arrangement for payment on a deferred basis.
to elaborate on the future growth prospects of Berjaya Starbucks that was taken
into consideration in arriving at the purchase consideration.
basis of arriving at the issue price of the Rights Shares of RM0.65 per share
or the discount of 13.3%.
justification(s) for the issue price of the Rights Shares of RM0.65 per share
or the discount of 13.3%.
basis of arriving at the exercise price of the Warrants of RM0.70.
justification(s) for the exercise price of the Warrants of RM0.70.
brief description of approval to be obtained from Starbucks Coffee
International, Inc.
please note that the interested director(s) shall also abstained from giving an
opinion on the Proposed Rights Issue.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
/WCY
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Reply to Bursa _FINAL.pdf
NGIUKEE - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 02/09/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: NGIU KEE CORPORATION (M) BERHAD ("NKCB" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO REGULARISE ITS CONDITION PURSUANT TO PRACTICE NOTE NO. 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 02/09/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description: NGIU KEE CORPORATION (M) BERHAD ("NKCB" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO REGULARISE ITS CONDITION PURSUANT TO PRACTICE NOTE NO. 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
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