April 9, 2012

Company announcements: PUC, IRIS, EBWORX, NOTION, KGB, AFG, INCKEN, BSTEAD

PUC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: PUC FOUNDER (MSC) BERHAD (ACE Market)
Stock Name: PUC
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description: PUC FOUNDER (MSC) BERHAD ("PUCF" OR THE "COMPANY")

(I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN RED MEDIA ASIA LTD ("RMA") COMPRISING A TOTAL OF 8,269,818 ORDINARY SHARES OF USD1.00 EACH FROM REDHOT MEDIA INTERNATIONAL LIMITED ("RMIL" OR THE "VENDOR") FOR A TOTAL CONSIDERATION OF RM95.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 950,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN PUCF ("SHARES") AT AN ISSUE PRICE OF RM0.10 PER SHARE ("PROPOSED ACQUISITION");

(II) PROPOSED EXEMPTION UNDER PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 ("CODE") TO RMIL AND PERSONS ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING PUCF SHARES NOT ALREADY HELD BY RMIL UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED EXEMPTION");

(III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF PUCF ("PROPOSED IASC"); AND

(IV) PRPOSED AMENDMENT TO PUCF'S MEMORANDUM AND ARTICLES OF ASSOCIATION ("PROPOSED AMENDMENT")

(HEREINAFTER COLLECTIVELY REFERRED TO AS THE "PROPOSALS").


IRIS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: MATERIAL LITIGATION

Description: UPDATE ON THE LITIGATION IN TURKEY BETWEEN IRIS TECHNOLOGIES (M) SDN. BHD, A WHOLLY OWNED SUBSIDIARY OF ICB, ITS JOINT VENTURE PARTNER KUNT ELEKTRONIK SAN.VE.TIC.A.S ("JV Company") AND THE TURKISH INTERIOR MINISTRY,GENERAL DIRECTORATE OF SECURITY (KNOWN AS "EGM").


This announcement is a follow-up to the announcements made on the 22nd December 2011 regarding the 23rd Civil Court of Ankara (Case 2010/347) and 13th February 2012 regarding the 12th Civil Court of Ankara (Case 2009/343).

The 23rd Civil Court of Ankara (Case 2010/347) held the last hearing on 27th March 2012 pending submission of the Expert Report by the appointed Court Experts. Upon receipt of the report in favour of EGM, the JV Company's appointed lawyers Messrs Sen & Arpaci have decided to appeal against the submission of the negative indemnity provision reported in the said Expert Report.

The Honourable Court decided that the file is to be sent to the same Court Experts for an additional report to be prepared on the computation on how the negative indemnity is to be calculated. The case is now fixed for hearing pending the JV Company's appeal on 10th May 2012.


The 12th Civil Court of Ankara (Case 2009/343) held the last hearing on 20th March 2012 . On the last hearing date it was found that the Expert Report submitted was unfavourable towards the JV Company . The JV Company proceeded to file an appeal against the findings of the said Expert Technical Report.

The Honourable Court decided that the file is to be sent to the same Court Experts for an additional technical report to be prepared on the grounds that the appeal is to be evaluated. The case is now fixed for hearing pending the appeal on 15th May 2012.
.

This announcement is dated 9th April 2012.


EBWORX - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Description: EBWORX BERHAD ("EBWORX" OR "THE COMPANY")
CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF HITACHI, LTD. TO ACQUIRE ALL THE OUTSTANDING ORDINARY SHARES OF RM0.10 EACH IN EBWORX (EXCLUDING TREASURY SHARES) ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.90 PER OFFER SHARE ("OFFER")
- APPOINTMENT OF INDEPENDENT ADVISER


NOTION - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company Name: NOTION VTEC BERHAD
Stock Name: NOTION
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD

Description: Pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the changes of his direct interest in the securities of the Company, details as set out in Table 1 hereunder.

This announcement is dated 9 April 2012.


KGB - OTHERS

Announcement Type: General Announcement
Company Name: KELINGTON GROUP BERHAD
Stock Name: KGB
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: KELINGTON GROUP BERHAD ("KGB" OR "THE COMPANY")

OFFER OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME


KGB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company Name: KELINGTON GROUP BERHAD
Stock Name: KGB
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD

Description: DEALINGS IN THE COMPANY'S SECURITIES OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")


AFG - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD

Description: Alliance Financial Group Berhad ("AFG" or "the Company")
Disclosure of Dealings in Securities of the Company Outside Closed Period


INCKEN - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company Name: INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name: INCKEN
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Description: CROP ADVICE FOR THE MONTH OF MARCH 2012


BSTEAD - OTHERS

Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: LETTERS OF AWARD TO BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC") FROM BOUSTEAD NAVAL SHIPYARD SDN BHD

Attachments: bursa announcement LOA to CAD 4.38pm.pdf


BSTEAD - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 09/04/2012

Announcement Detail:
Type: Announcement

Subject: GENERAL MEETINGS
OUTCOME OF MEETING

Description: RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING


No comments:

Post a Comment