FARMBES - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | FARM'S BEST BERHAD |
| Stock Name | FARMBES |
| Date Announced | 9 Nov 2012 |
| Category | General Announcement |
| Reference No | CC-121031-60526 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FARM'S BEST BERHAD ("FBB" or "the Company") - Acquisition of Freehold Lands together with Poultry Equipments, Chicken Sheds, Furniture, Fittings, Fixtures, Partitions, Other Farm Buildings and Chattels erected thereon by Sinmah Livestocks Sdn Bhd, a wholly-owned subsidiary of the Company |
The Board of Directors of FBB wishes to announce that Sinmah Livestocks Sdn Bhd ("SLSB"), a wholly-owned subsidiary of the Company, had on�9 November 2012 entered into the Sale and Purchase Agreements ("SPA") with Proaktif Enterprise Sdn Bhd ("PESB") (Company No.: 322790-W) ("the Vendor") to acquire all that piece of freehold lands ("the Lands") more properly described under item 2.3 in the attached file for a total�purchase price of Ringgit Malaysia Fifteen Million (RM15,000,000.00) only ("the Consideration"). Please refer to the attached file for the details of the announcement. This announcement is dated�9 November 2012. | |
AKNIGHT - MULTIPLE PROPOSALS
| Company Name | ASIA KNIGHT BERHAD |
| Stock Name | AKNIGHT |
| Date Announced | 9 Nov 2012 |
| Category | General Announcement |
| Reference No | OS-121109-65194 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ASIA KNIGHT BERHAD (FORMERLY KNOWN AS PAHANCO CORPORATION BERHAD (“A-KNIGHT” OR THE “COMPANY”) (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES WITH FREE WARRANTS (II) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SKYKOD POLYSCIENCE SDN BHD (III) PROPOSED EMPLOYEES’ SHARE OPTION SCHEME (IV) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (V) PROPOSED AMENDMENTS TO THE MEMORANDUM AND/OR ARTICLES OF ASSOCIATION (COLLECTIVELY KNOWN AS THE “PROPOSALS”) |
On behalf of the Board of Directors of A-Knight (“Board”), TA Securities Holdings Berhad (“TA Securities”) is pleased to announce that the Company proposes to undertake the following corporate exercises:-
(i) proposed renounceable rights issue of 66,124,800 irredeemable convertible preference shares of RM1.00 each in A-Knight (“ICPS”) at an issue price of RM1.00 each, together with 22,041,600 free detachable warrants (“Warrants”) on the basis of three (3) ICPS with one (1) free Warrant for every two (2) existing ordinary shares of RM1.00 held in A-Knight (“A-Knight Shares”) at an entitlement date to be determined by the Board (“Proposed Rights Issue”); (ii) proposed acquisition of the entire equity interest in Skykod Polyscience Sdn Bhd (“Skykod”) comprising of 6,000,000 ordinary shares of RM1.00 each (“Skykod Shares”) for a total cash consideration of RM60,000,000 to be satisfied through funds to be raised from the Proposed Rights Issue (“Proposed Acquisition”); (iii) proposed establishment of an employees’ share option scheme (“ESOS”) for up to a maximum of 15% of the issued and paid-up share capital of A-Knight at any point in time throughout the duration of the ESOS (“Proposed ESOS”); (iv) proposed increase in the authorised share capital of A-Knight from RM100,000,000 comprising 100,000,000 A-Knight Shares to RM500,000,000 comprising 500,000,000 A-Knight Shares to accommodate the issuance of the new A-Knight Shares pursuant to the conversion of the ICPS and any exercise of the Warrants and ESOS options (“Proposed IASC”); and (v) proposed amendments to the Memorandum and/or Articles of Association of A-Knight to reflect the Proposed IASC (“Proposed Amendments”). Please refer to the attachment for further details of the Proposals. This announcement is dated 9 November 2012. | |
