GCB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | GUAN CHONG BERHAD |
| Stock Name | GCB |
| Date Announced | 2 Jan 2013 |
| Category | General Announcement |
| Reference No | CM-130102-36554 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Guan Chong Berhad ("GCB" or "the Company") Acquisition of the remaining 51% equity interest in Carlyle Cocoa Co., LCC ("Carlyle") for a total purchase consideration Of USD3,600,000 ("Acquisition") |
Pursuant to Chapter 10, Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Guan Chong Berhad ("GCB" or “the Company” or “GCB Group”) wishes to announce that its wholly-owned subsidiary company GCB America, Inc ("GCB America") had on 26 December 2012 entered into a Membership Interest Purchase Agreement (“the Agreement”) to acquire 51% of Michael J. Kostic’s (“MJK”) membership interest in Carlyle Cocoa Co., LLC ("Carlyle"), a limited liability company formed under the laws of the State of Delaware, United States of America (“U.S.A..”), for cash consideration totaling USD3,600,000 (“Acquisition”). Upon completion of the Acquisition, Carlyle shall become a wholly-owned sub-subsidiary of GCB. Further details of the Acquisition are set out in the attachment enclosed. This announcement is dated 2 January 2013. | |
WCT - Change in Boardroom
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 2 Jan 2013 |
| Category | Change in Boardroom |
| Reference No | WW-121226-54928 |
| Date of change | 02/01/2013 |
| Name | Wong Yik Kae |
| Age | 35 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Non Independent & Non Executive |
| Qualifications | He is a graduate of Bachelor of Arts in Accounting at Michigan State University, USA. He is also a Certified Practising Accountant (CPA) of Australia, a Chartered Accountant by profession with the Malaysian Institute of Accountants (MIA) and a member of the Malaysia Investor Relations Association. |
| Working experience and occupation | He is currently attached to the Group Corporate & Finance Department, is the head of Corporate Affairs Department. Within WCT Group, he is involve in a variety of group corporate and financial functions which include corporate financing, corporate development and evaluation, investor relations, corporate branding & marketing and corporate communications Prior to joining WCT in 2004, Mr. Wong started his career at Ernst & Young Malaysia from 1999 to 2003, with the Audit & Advisory Business Services specialisng in real estate, construction and financial due diligence. |
| Directorship of public companies (if any) | NIL |
| Family relationship with any director and/or major shareholder of the listed issuer | Mr Wong is a son of Mr Wong Sewe Wing, a major shareholder of the Company |
| Any conflict of interests that he/she has with the listed issuer | NIL |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Direct Interest in WCT Berhad: 1) 41,105 ordinary shares of RM0.50 each 2) 500,000 Warrants (2008/2013) 3) 5,000 Warrants (2011/2016) 4) 22,801 Warrants (2012/2017) Indirect Interest in WCT Berhad held by spouse: 1) 40,000 Warrants (2011/2016) |
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