MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 23 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131223-63908 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | MAXTRAL INDUSTRY BERHAD ("MAXTRAL" OR THE "COMPANY") APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT REGULARISATION PLAN (THE "APPLICATION") |
We refer to the Company’s first announcement made on 21 December 2012 and 20 December 2013 in relation to Practice Note 17 of the Main Market Listing Requirements ("MMLR"). The Company was informed by Bursa Malaysia Berhad by letter dated 23 December 2013 that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the MMLR shall be deferred pending decision on the Application. This announcement is dated 23 December 2013. | |
BONIA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | BONIA CORPORATION BERHAD |
| Stock Name | BONIA |
| Date Announced | 23 Dec 2013 |
| Category | General Announcement |
| Reference No | BC-131223-58930 |
| Type | Announcement | ||||||||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||||||||||
| Description | Pursuant to paragraph 10.09(1) of the of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wish to announce that the following subsidiary companies of Bonia between 1 August 2013 to 30 November 2013 have in the ordinary course of their business entered into certain transactions of a revenue or trading nature. | ||||||||||||||||||||||||||||||
Introduction Pursuant to paragraph 10.09(1) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wish to announce that the following subsidiary companies of Bonia between 1 August 2013 to 30 November 2013 have in the ordinary course of their business entered into certain transactions of a revenue or trading nature with the following related party:-
Notes: 1 Mr Chiang Sang Sem is a director and major shareholder of Bonia International Holdings Pte Ltd holding 60% equity interest. He is also the major shareholder and director of the Company. 2 Mr 3 Mr The above amount of which by way of aggregation, has exceeded the prescribed limit of RM1 million in respect of recurrent transactions entered into by the Group and its subsidiary companies with related party from 1 August 2013 to 30 November 2013. Nature of RRPTs The RRPTs entered into by the Group and their subsidiary companies are in the ordinary course of business and are of revenue and trading in nature. These transactions are made on an arm's length basis and on normal commercial terms. These transactions are also not prejudicial to the interest of the shareholders and not more favorable to the Related Parties than those generally available to the public and are not detrimental to the minority shareholders.
The principal activities of Bonia are primarily an investment holding and management company. Its subsidiaries are principally involved in designing, manufacturing, promoting, marketing, import and export of fashionable leather goods, accessories, apparel, ladies and men’s footwear. Bonia International Holdings Pte Ltd and BIH Franchising Ltd are the Licensor and Master Licensee for Bonia, Carlo Rino and Sembonia trademarks for territories outside Malaysia and Singapore respectively. Sales by the subsidiary companies derived from territories outside Malaysia and Singapore are subject to royalties’ payment to the Licensor or the Master Licensee. The royalties are calculated based on percentage of the sales derived from the respective territories as per the licensing or sublicensing agreements. The Licensor and Master Licensee will only raise debit notes for the royalties’ payable by our subsidiary companies upon confirmation of sales by the respective subsidiaries. Due to the administrative procedures from the time we retrieve the sales from our overseas outlets until the issuing of debit notes by the trademark owner, time delay between the last transacted date and the date of announcement is expected. Active World Pte Ltd and Jetbest Enterprise Pte Ltd are renting the office space from Long Bow Manufacturing (S) Pte Ltd as its corporate office, showroom and warehouse in Singapore. Thus, there is a payment of office rental for renting of the premises.
The transactions, which are in the ordinary course of the Bonia Group’s business, are undertaken at the prevailing prices or market rates and are based on usual commercial terms not more favorable to the related party than those generally available to the public, or otherwise in accordance with the applicable industry norms. Where there is no market value for a particular transaction, the transaction will be on a willing buyer willing seller basis or the nearest equivalent. The effect of the transactions on the earnings per share and net assets per share of Bonia The transactions have no material effect to the earnings per share and net assets per share of Bonia. Whether the transactions are subject to the approval of shareholders and the relevant government authorities The recurrent related party transactions do not require any approval from shareholders and relevant government authorities. Statement by Directors Save for Mr Chiang Sang Sem, who is an interested Director to the RRPTs and has abstained from deliberations on the RRPTs, the Board of Directors of Bonia, have considered all aspects of the transactions and is of the opinion that the transactions are established under normal commercial terms and are in the best interest of the Company and not to the detriment of the minority shareholders.
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RCECAP - Notice of Shares Buy Back - Immediate Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 23 Dec 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | RC-131223-3D057 |
PLS - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
| Company Name | PLS PLANTATIONS BERHAD |
| Stock Name | PLS |
| Date Announced | 23 Dec 2013 |
| Category | General Announcement |
| Reference No | PP-131223-44053 |
| Type | Announcement | ||||||
| Subject | MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) | ||||||
| Description | Crop and Log Productions for November 2013 | ||||||
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YOKO - Notice of Shares Buy Back - Immediate Announcement
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 23 Dec 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-131223-388F7 |
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