GHLSYS - MATERIAL LITIGATION
Announcement Type: General Announcement
Company Name: GHL SYSTEMS BERHAD
Stock Name: GHLSYS
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: GHL SYSTEMS BERHAD ("GHL" or "THE COMPANY")
- NOTICE OF PRE-TRIAL CONFERENCE
Payment Processing Corporation vs GHL Systems Philippines, Inc. ("GHLP")
Company Name: GHL SYSTEMS BERHAD
Stock Name: GHLSYS
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: GHL SYSTEMS BERHAD ("GHL" or "THE COMPANY")
- NOTICE OF PRE-TRIAL CONFERENCE
Payment Processing Corporation vs GHL Systems Philippines, Inc. ("GHLP")
CAROTEC - PUBLIC REPRIMAND ON CAROTECH BERHAD
Announcement Type: Listing Circular
Company Name: CAROTECH BERHAD (ACE Market)
Stock Name: CAROTEC
Date Announced: 10/02/2012
Announcement Detail:
Subject: PUBLIC REPRIMAND ON CAROTECH BERHAD
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded CAROTECH BERHAD (CAROTEC) for failing to immediately announce that the company had defaulted in the payments of various credit facilities between 1 July 2009 and 23 April 2010. The credit defaults were only announced on 1 July 2010. The failure to make an immediate announcement on the default in payments breached Rules 9.03(1) and 9.04(l) of the Bursa Securities ACE Market Listing Requirements (ACE LR) read together with paragraph 2.1(d) of Guidance Note 5 (GN5), which state that a listed corporation must make an immediate announcement, irrespective of whether a demand has been made to the listed corporation, of default in payments of either interest, principal sums or both in respect of a credit facility, where the total amount outstanding of the defaulted credit facility is five percent or more of the net assets of the listed corporation based on the latest published or announced financial statements.
The public reprimand was imposed pursuant to Rule 16.19(1) of the ACE LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
Whilst none of the directors of CAROTEC were found to have caused or permitted the breach, Bursa Securities nevertheless wishes to highlight that it is the responsibility of the directors of listed companies to ensure compliance with the ACE LR. The Board of Directors of CAROTEC at the material time was as follows:-
1. Ho Sue San @ David Ho Sue San
2. Chuah Chaw Teo
3. Leong Kwok Yee
4. YM Raja Shamsul Kamal Bin Raja Shahruzzaman
Bursa Securities views the contravention seriously and reminds CAROTEC and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to its shareholders and the investing public. CAROTEC is required to ensure all its directors and the relevant personnel of CAROTEC attend a training programme in relation to compliance with the ACE LR, particularly pertaining to disclosure obligations. In addition, the Board of Directors of CAROTEC must review and ensure the adequacy, effectiveness and proper implementation of the company's policies and procedures with regards to disclosure obligations, particularly timely and accurate disclosures vis--vis compliance with the ACE LR immediately and thereafter, on a regular basis. BACKGROUND
CAROTEC and its subsidiaries had defaulted in payments of the various credit facilities which ranged from 14% to 122% of CAROTEC's net assets from 1 July 2009 to 23 April 2010. However, CAROTEC only announced the default in payments on 1 July 2010 and there was a material decrease in CAROTEC's share price from RM0.135 to RM0.09 on 2 July 2010 i.e. the next market day of the announcement.
CAROTEC's representation that it was in the midst of restructuring the loan with the lenders and that the lenders did not specifically call on an event of default, did not absolve CAROTEC's obligation to make an immediate announcement of the default in payments, irrespective of whether a demand has been made in accordance with GN5. The fact remained that CAROTEC had failed to pay the principal or interest due to the lenders as early as 1 July 2009 and the announcement pursuant to GN5 was only made on 1 July 2010.
Company Name: CAROTECH BERHAD (ACE Market)
Stock Name: CAROTEC
Date Announced: 10/02/2012
Announcement Detail:
Subject: PUBLIC REPRIMAND ON CAROTECH BERHAD
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded CAROTECH BERHAD (CAROTEC) for failing to immediately announce that the company had defaulted in the payments of various credit facilities between 1 July 2009 and 23 April 2010. The credit defaults were only announced on 1 July 2010. The failure to make an immediate announcement on the default in payments breached Rules 9.03(1) and 9.04(l) of the Bursa Securities ACE Market Listing Requirements (ACE LR) read together with paragraph 2.1(d) of Guidance Note 5 (GN5), which state that a listed corporation must make an immediate announcement, irrespective of whether a demand has been made to the listed corporation, of default in payments of either interest, principal sums or both in respect of a credit facility, where the total amount outstanding of the defaulted credit facility is five percent or more of the net assets of the listed corporation based on the latest published or announced financial statements.
The public reprimand was imposed pursuant to Rule 16.19(1) of the ACE LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
Whilst none of the directors of CAROTEC were found to have caused or permitted the breach, Bursa Securities nevertheless wishes to highlight that it is the responsibility of the directors of listed companies to ensure compliance with the ACE LR. The Board of Directors of CAROTEC at the material time was as follows:-
1. Ho Sue San @ David Ho Sue San
2. Chuah Chaw Teo
3. Leong Kwok Yee
4. YM Raja Shamsul Kamal Bin Raja Shahruzzaman
Bursa Securities views the contravention seriously and reminds CAROTEC and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to its shareholders and the investing public. CAROTEC is required to ensure all its directors and the relevant personnel of CAROTEC attend a training programme in relation to compliance with the ACE LR, particularly pertaining to disclosure obligations. In addition, the Board of Directors of CAROTEC must review and ensure the adequacy, effectiveness and proper implementation of the company's policies and procedures with regards to disclosure obligations, particularly timely and accurate disclosures vis--vis compliance with the ACE LR immediately and thereafter, on a regular basis. BACKGROUND
CAROTEC and its subsidiaries had defaulted in payments of the various credit facilities which ranged from 14% to 122% of CAROTEC's net assets from 1 July 2009 to 23 April 2010. However, CAROTEC only announced the default in payments on 1 July 2010 and there was a material decrease in CAROTEC's share price from RM0.135 to RM0.09 on 2 July 2010 i.e. the next market day of the announcement.
CAROTEC's representation that it was in the midst of restructuring the loan with the lenders and that the lenders did not specifically call on an event of default, did not absolve CAROTEC's obligation to make an immediate announcement of the default in payments, irrespective of whether a demand has been made in accordance with GN5. The fact remained that CAROTEC had failed to pay the principal or interest due to the lenders as early as 1 July 2009 and the announcement pursuant to GN5 was only made on 1 July 2010.
DAYA - General Announcement
Announcement Type: General Announcement
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description: The Company wishes to inform Bursa Malaysia Securities Berhad (Bursa Securities) that pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Securities, the following Directors had given notice informing the Company of their intention to deal in DMB's shares during the closed period. The details are as follows:
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description: The Company wishes to inform Bursa Malaysia Securities Berhad (Bursa Securities) that pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Securities, the following Directors had given notice informing the Company of their intention to deal in DMB's shares during the closed period. The details are as follows:
IDMENSN - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: IDIMENSION CONSOLIDATED BHD (ACE Market)
Stock Name: IDMENSN
Date Announced: 10/02/2012
Announcement Detail:
Admission Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: IDIMENSION CONSOLIDATED BHD ("IDIMENSION" OR THE "COMPANY")
BONUS ISSUE OF 94,666,667 NEW ORDINARY SHARES OF RM0.10 EACH IN IDIMENSION ("IDIMENSION SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING IDIMENSION SHARES HELD AT 5.00 P.M. ON 10 FEBRUARY 2012 ("BONUS ISSUE")
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: IDIMENSION CONSOLIDATED BHD (ACE Market)
Stock Name: IDMENSN
Date Announced: 10/02/2012
Announcement Detail:
Admission Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: IDIMENSION CONSOLIDATED BHD ("IDIMENSION" OR THE "COMPANY")
BONUS ISSUE OF 94,666,667 NEW ORDINARY SHARES OF RM0.10 EACH IN IDIMENSION ("IDIMENSION SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING IDIMENSION SHARES HELD AT 5.00 P.M. ON 10 FEBRUARY 2012 ("BONUS ISSUE")
FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: FBM KLCI etf - Valuation Point as at 10 February 2012
Attachments: FBM KLCI etf 20120210.xls
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description: FBM KLCI etf - Valuation Point as at 10 February 2012
Attachments: FBM KLCI etf 20120210.xls
IGB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Further to our announcement dated 26 January 2012 and pursuant to paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mr Gan Ping Kee, a principal officer, has notified on the change of his deemed interest in IGB shares, the details are set out in Table Section.
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Further to our announcement dated 26 January 2012 and pursuant to paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mr Gan Ping Kee, a principal officer, has notified on the change of his deemed interest in IGB shares, the details are set out in Table Section.
MMCCORP - OTHERS
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: PROJECT DELIVERY PARTNER AGREEMENT FOR THE SUNGAI BULOH-KAJANG LINE OF THE KLANG VALLEY MASS RAPID TRANSIT PROJECT
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: PROJECT DELIVERY PARTNER AGREEMENT FOR THE SUNGAI BULOH-KAJANG LINE OF THE KLANG VALLEY MASS RAPID TRANSIT PROJECT
MMCCORP - MEMORANDUM OF UNDERSTANDING
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: MEMORANDUM OF UNDERSTANDING
Description: MEMORANDUM OF UNDERSTANDING BETWEEN SENAI HIGH TECH PARK SDN BHD AND EQ SOLAR TECHNOLOGY INTERNATIONAL SDN BHD
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: MEMORANDUM OF UNDERSTANDING
Description: MEMORANDUM OF UNDERSTANDING BETWEEN SENAI HIGH TECH PARK SDN BHD AND EQ SOLAR TECHNOLOGY INTERNATIONAL SDN BHD
BJASSET - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: BERJAYA ASSETS BERHAD
Stock Name: BJASSET
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: PROPOSED ACQUISITIONS OF PROPERTIES IN STULANG LAUT, JOHOR BAHRU
Company Name: BERJAYA ASSETS BERHAD
Stock Name: BJASSET
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: PROPOSED ACQUISITIONS OF PROPERTIES IN STULANG LAUT, JOHOR BAHRU
HLIND - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Announcement Type: General Announcement
Company Name: HONG LEONG INDUSTRIES BERHAD
Stock Name: HLIND
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description: VOLUNTARY WINDING-UP OF PRESTER SDN BHD AND APPOINTMENT OF JOINT LIQUIDATORS
Company Name: HONG LEONG INDUSTRIES BERHAD
Stock Name: HLIND
Date Announced: 10/02/2012
Announcement Detail:
Type: Announcement
Subject: WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description: VOLUNTARY WINDING-UP OF PRESTER SDN BHD AND APPOINTMENT OF JOINT LIQUIDATORS
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