October 12, 2012

Company announcements: INSBIO, SILVER, PAHANCO

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

Announcement Type: General Announcement
Company NameINS BIOSCIENCE BERHAD (ACE Market) 
Stock Name INSBIO  
Date Announced12 Oct 2012  
CategoryGeneral Announcement
Reference NoOS-121012-63933

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINS BIOSCIENCE BERHAD (“INSBIO” OR THE “COMPANY”)

PROPOSED DISPOSAL TO WESTONE INDUSTRIES (M) SDN BHD (“WISB” OR THE “PURCHASER”) OF A FOUR (4) STOREY SHOP OFFICE OWNED BY HLS INTERNATIONAL SDN BHD (FORMERLY KNOWN AS EASY PHA-MAX MARKETING SDN BHD AND INS ENTERPRISE SDN BHD) (“HLS” OR THE “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF INSBIO, FOR A CASH CONSIDERATION OF RM5,800,000 (“PROPOSED DISPOSAL”)

On behalf of the Board of Directors of INSBIO , M&A Securities Sdn Bhd wishes to announce that HLS had on 12 October 2012 entered into a sale and purchase agreement with WISB for the proposed disposal of a four (4) storey shop office known as Parcel No. PU089, (Type: Puteri Point 2), Phase CP09, Bandar Puteri, Puchong bearing the postal address at No. 2, Jalan Puteri 2/6, Bandar Puteri Puchong, 47100 Puchong, Selangor Darul Ehsanfor a cash consideration of RM5,800,000 (“Disposal Consideration”).

Further details of the Proposed Disposal are set out in the attachment herein.

This announcement is dated 12 October 2012.

Attachments

INS Proposed Disposal.pdf
265 KB



SILVER - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced12 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121012-64585

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” or “the Company”)
- Further extension of Restraining Order under Section 176 (10) of the Companies Act, 1965
Further to the announcement made by the Company on 13 July 2012 in respect of the Restraining Order under Section 176(10) of the Companies Act, 1965 granted by the High Court of Malaya to Stanson Marketing Sdn Bhd (“SMSB”), a wholly-owned subsidiary of SBGB, the Board of Directors of SBGB wishes to announce that the High Court has granted an extension of the Restraining Order under Section 176(10) of the Companies Act 1965 for a further period of ninety (90) days from 12 October 2012.
The Restraining Order is not expected to have any material impact on the financial and operational matters of SBGB and its Group.

This announcement is dated 12 October 2012.


SILVER - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced12 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121012-64727

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” or “the Company”)
Writ of Summons and Statement of Claim filed by KPF Quality Foods Sdn Bhd against Stanson Marketing Sdn Bhd
- High Court of Shah Alam Writ Summons No. 22NCVC-1053-08/2012 - Update
Further to the announcement made by the Company on 4 September 2012 in respect of Writ of Summons dated 29 August 2012 and Statement of Claim dated 17 August 2012 filed in the Shah Alam High Court by KPF Quality Foods Sdn Bhd (“KPFQ”) against Stanson Marketing Sdn Bhd (“SMSB”), a wholly-owned subsidiary of SBGB, the Board of Directors of SBGB wishes to announce that the Kuala Lumpur High Court has on 12 October 2012 granted leave to KPFQ to continue with the said suit until a determination of the same with liberty to further apply.
The Company will make the necessary announcements on further developments of the above matter as and when necessary.

This announcement is dated 12 October 2012.


PAHANCO - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NamePAHANCO CORPORATION BERHAD  
Stock Name PAHANCO  
Date Announced12 Oct 2012  
CategoryGeneral Meetings
Reference NoCT-121012-3495C

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting12/10/2012
Time02:00 PM
VenueMeranti Hall, Level 2, Citiview Hotel Sdn Berhad,
Lot 113, Seksyen 19, Jalan Haji Abdul Aziz, 25000
Kuantan Pahang
Outcome of Meeting
Our announcement on the Notice of Extraordinary General
Meeting (EGM)of Pahanco Corporation Berhad submitted
through KLSE Link on 19 September 2012 refers.

The Board of Directors would like to announce that the
Special Resolution as set out in the Notice of the EGM
was passed by the shareholders at the EGM held today.


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