BGYEAR - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CM-140226-56063 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | BINA GOODYEAR BERHAD (“BGB" OR "THE COMPANY") Monthly Update on the status of the Company’s plan to comply with the obligation to regularise its condition pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 17”) |
We refer to the announcements made by the Company on 19 November 2012, 3 December 2012, 2 January 2013, 5 February 2013, 20 February 2013, 1 March 2013, 2 April 2013, 2 May 2013, 3 June 2013, 1 July 2013, 1 August 2013, 2 September 2013, 1 October 2013, 1 November 2013, 12 November 2013, 15 November 2013, 18 November 2013, 2 December 2013, 12 December 2013, 17 December 2013, 18 December 2013, 2 January 2014 and 4 February 2014. Reference is also made to the announcements by the Company on 28 December 2012, 31 December 2012, 9 January 2013, 15 January 2013, 22 January 2013, 29 January 2013, 22 February 2013, 13 March 2013 and 2 April 2013 in relation to the Proposed Debt Settlement. The Board wishes to announce that there are no major developments subsequent to the announcement on 4 February 2014. The Company has until 17 March 2014 to submit the Proposed Regularisation Plan to the relevant authorities for approval. This announcement is dated 3 March 2014.
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PETONE - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | PETROL ONE RESOURCES BERHAD |
| Stock Name | PETONE |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CS-140303-53639 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | PETROL ONE RESOURCES BERHAD (“THE COMPANY” OR “PETONE”) - ANNOUNCEMENT ON THE STATUS OF THE COMPANY’S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 (“PN17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) |
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous announcements. We refer to the announcements made by the Company on 30 August 2012, 1 October 2012, 1 November 2012, 3 December 2012, 2 January 2013, 4 February 2013, 1 March 2013, 1 April 2013, 2 May 2013, 3 June 2013, 1 July 2013, 1 August 2013, 29 August 2013, 30 August 2013, 2 September 2013, 25 September 2013, 1 October 2013, 3 October 2013, 1 November 2013, 2 December 2013, 2 January 2014 and 4 February 2014 in compliance with Paragraph 4.1 of PN17, the Board of Directors of PETONE wishes to inform that the Company is still in the midst of finalising the Proposed Regularisation Plan for submission to the relevant authorities. Further developments of the above matter will be announced on Bursa Securities in due course. This announcement is dated 3 March 2014. | |
PATIMAS - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | PATIMAS COMPUTERS BERHAD |
| Stock Name | PATIMAS |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CC-140303-B5263 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | PATIMAS COMPUTERS BERHAD (“Patimas” or the “Company”) - Monthly update on the status of the Company’s regularisation plan |
Further to the Company's announcements made on 1 and 2 November 2012 ("First Announcement ") in compliance with Paragraph 4.1 of PN17 and announcements made on 4 February 2014, 27 February 2014 and the Requisite Announcement made by M&A Securities Sdn Bhd (“M&A Securities”) on 2 December 2013. The Board of Directors of Patimas wishes to announce that the Company had on 26 February 2014 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for a further extension of time up until 14 April 2014 to submit the regularisation plan to the relevant authorities for approval and the said application is still pending for the approval from Bursa Securities. Further announcement on the development of the above matter will be made to Bursa Securities in due course. This announcement is dated 3 March 2014.
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PATIMAS - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | PATIMAS COMPUTERS BERHAD |
| Stock Name | PATIMAS |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CC-140303-B5264 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | PATIMAS COMPUTERS BERHAD (“PATIMAS” OR “THE COMPANY”) MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT PURSUANT TO PRACTICE NOTE 1/2001 |
Further to the Company’s announcements made on 4 February 2014. The Board of Directors of Patimas wishes to inform that there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 3 March 2014.
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AUTOAIR - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | AUTOAIR HOLDINGS BERHAD |
| Stock Name | AUTOAIR |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CA-140303-FE162 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | AUTOAIR HOLDINGS BERHAD ("AUTOAIR" or “the Company”) MONTHLY ANNOUNCEMENT UNDER PRACTICE NOTE 17 (“PN 17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
We refer to the First Announcement dated 15 November 2013 made by the Company in relation to the Company being classified as a PN17 Issuer and the announcement dated 2 December 2013, 2 January 2014 and 4 February 2014 pursuant to the requirements under PN17 (“Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements. The Company has up to 14 November 2014 (approximately 8 months) to submit its Regularisation Plan to the relevant authorities for approval. The Company will make the necessary announcement on the Regularisation Plan in accordance with the requirements under PN17. This announcement is dated 3 March 2014.
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UNIMECH - Notice of Shares Buy Back - Immediate Announcement (Amended Announcement)
| Company Name | UNIMECH GROUP BERHAD |
| Stock Name | UNIMECH |
| Date Announced | 3 Mar 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | UG-140303-59585 |
| Remarks : |
| The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty. This announcement is made to rectify the date of Solvency Declaration which should be 26 February 2014. |
PERDANA - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
| Company Name | PERDANA PETROLEUM BERHAD |
| Stock Name | PERDANA |
| Date Announced | 3 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-140303-10EC9 |
Particulars of substantial Securities Holder
| Name | Lembaga Tabung Haji |
| Address | 201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur |
| NRIC/Passport No/Company No. | ACT 5351995 |
| Nationality/Country of incorporation | MALAYSIAN |
| Descriptions (Class & nominal value) | Ordinary shares of RM 0.50 each |
| Name & address of registered holder | Lembaga Tabung Haji 201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur AmIslamic FUND MANAGEMENT SDN BHD Level 10, Bangunan AmBank Group 55 Jalan Raja Chulan, 50200 Kuala Lumpur Asian Islamic Investment Management Sdn Bhd Suite 10-03, 10th Floor, Menara Keck Seng 203, Jalan Bukit Bintang 55100, Kuala Lumpur CIMB-Principal Asset Management Berhad Level 5, Menara Milenium 8, Jalan Damanlela, Bukit Damansara 50490 Kuala Lumpur Kenanga Investors Berhad Suite 12.02, 12th Floor, Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur Maybank Asset Management Sdn Bhd Level 12 Tower C Dataran Maybank No. 1 Jalan Maarof 59000 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 27/02/2014 | 72,000 |
| Remarks : |
| The Form 29B was received by the company on 3 March 2014. |
OCTAGON - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | OCTAGON CONSOLIDATED BERHAD |
| Stock Name | OCTAGON |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | OS-140303-36ADC |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | OCTAGON CONSOLIDATED BERHAD (“OCTAGON” OR THE “COMPANY”) • PROPOSED PAR VALUE REDUCTION; • PROPOSED RIGHTS ISSUE WITH WARRANTS; • PROPOSED SPECIAL ISSUE; • PROPOSED DEBT SETTLEMENT; • PROPOSED DIVERSIFICATION; AND • PROPOSED AMENDMENT (COLLECTIVELY, THE “PROPOSED REGULARISATION PLAN” |
(Abbreviations used in this announcement are defined in the announcement dated 25 November 2013) Reference is made to the following announcements: (i) announcement dated 25 November 2013 wherein it was announced that Octagon, Malaco Mining and Malaco Leichhardt (herein collectively referred to as “Parties”) had on 25 November 2013 entered into the JDA and OA as part of the Proposed Regularisation Plan of Octagon; and (ii) announcement dated 13 February 2014 wherein it was announced that the Parties have mutually agreed on even date for an extension of up to seven (7) months from the date of the JDA for the fulfilment of certain conditions precedent under the JDA. On behalf of the Board of Directors of Octagon, M&A Securities wish to announce that the Parties had on 3 March 2014 agreed to restate the JDA and OA (“Restated JDA” and “Restated OA”). As such, Section 2.1.2 of the announcement dated 25 November 2013 has been varied to the following. Save for terms expressly mentioned herein, all other salient terms as announced by Octagon in announcement dated 25 November 2013 remains unchanged. 2.1.2 Salient terms of the Agreements
(1) the Restated JDA
(i) Octagon, Malaco Mining and Malaco Leichhardt agreed to enter into the Restated JDA to amend, vary and restate the terms of the JDA. The execution of the Restated JDA supersedes the JDA and the JDA shall be deemed ineffective from the date of execution of the Restated JDA. (ii) The Restated JDA is conditional upon the satisfaction and fulfilment or waiver in accordance with the terms of the Restated JDA, as the case may be, of all of the following conditions (Conditions Precedent) on or before the date falling seven (7) months from the date of the Restated JDA or such other date as may be mutually agreed upon between the Parties to the Restated JDA as the date by which all the following conditions are fulfilled (“Cut-Off Date”):- (a) The approval of Bursa Securities for the Proposed Regularisation Plan; (b) The execution of the agreements, arrangements and other documents between Octagon and/or its wholly-owned subsidiary company and the Creditors for the Proposed Debt Settlement; (c) Satisfaction of Malaco Mining with the outcome of due diligence review carried out by their respective consultants and advisers on Octagon; (d) Satisfaction of Octagon with the outcome of due diligence review carried out by their respective consultants and advisers on Malaco Leichhardt and the Operations Area and the issuance of a letter to Malaco Mining to confirm that it is satisfied with the outcome of the said due diligence review; (e) Satisfaction of Octagon with the outcome of the technical due diligence review carried out by an industry expert on the Operations Area and issuance of a letter to Malaco Mining to confirm that it is satisfied with the outcome of the technical due diligence review; (f) The approval of the shareholders of Octagon for the Proposed Regularisation Plan and the entry into the Restated JDA and the Restated OA; (g) The confirmation of the High Court of Malaya for the Proposed Par Value Reduction pursuant to Section 64 of the Companies Act 1965; (h) The completion of the Proposed Rights Issue with Warrants and the Proposed Special Issue; (i) Malaco Leichhardt must record three (3) months of profit after tax and positive cash flows (based on management accounts) from the mining operations of Copper Resource and productions of Copper Cathode, subject to review of external auditors for which an opinion letter setting out the satisfactory outcome of the review pursuant to this condition shall be issued, in respect of the Mount Watson Tenement and Mount Cuthbert. The stipulated three (3) months period shall be the period immediately prior to last of the other conditions precedent other than this condition precedent are met; (j) The agreements, arrangements and other documents between Octagon and/or its wholly-owned subsidiary company with Malaco Mining and/or Malaco Leichhardt upon the terms and conditions acceptable to the respective Parties, which are necessary for the implementation of the Proposed Regularisation Plan in accordance with the terms and conditions of the Restated JDA (if required) must be executed within three (3) months from the date of the Restated JDA; and (k) The approval of any other relevant authorities and such other necessary approvals to be agreed between the Parties (if required). When the last of the foregoing conditions precedent is fulfilled, this Restated JDA shall be unconditional (and the date the Restated JDA becomes unconditional shall be referred to as “Unconditional Date”). In the event any of the Conditions Precedent is not obtained or fulfilled by the Cut-Off Date, the Restated JDA shall automatically terminate and shall cease to have any further effect unless the Parties mutually agree to waive the requirement to fulfill any of the conditions to the extent permissible under law or extend the Cut-Off Date for a further 3 months (“Extended Period”). In the event any of the conditions are not fulfilled within the Extended Period, the Parties may extend the Extended Period to such other mutually agreed period (“Further Extended Period”). If no extension is granted, then the Restated JDA shall automatically terminate and shall cease to have any further effect. (iii) Octagon is in breach of the Restated JDA, if: - (a) Octagon ceases or abandons the operations and activities conducted with a view to or for the purpose of developing the Operations Area as contemplated in the Restated OA and all auxiliary operations, activities required (“Development Operations”) for a continuous period of three (3) months; or
(b) Octagon fails to carry out its obligations diligently causing the Development Operations to fall behind the work schedule for the Development Operations mutually agreed between the Parties (“Development Work Schedule”) by more than six (6) months; or (c) Octagon knowingly submits a false statement to Malaco Mining and/or Malaco Leichhardt which is of material consideration for the execution of the Restated JDA; or (d) Octagon assigns any interest, right or obligation under the Restated JDA contrary to the provisions of the Restated JDA; or (e) Octagon fails to comply with approved work program and budgets which results in the Development Operations to failing behind the Development Work Schedule by more than six (6) months. (iv) Malaco Mining and/or Malaco Leichhardt are in breach of the Restated JDA, if:- (a) Malaco Mining and/or Malaco Leichhardt fails to carry out its obligations under the Restated JDA diligently causing Development Operations to fall behind the Development Work Schedule; or (b) Malaco Mining and/or Malaco Leichhardt knowingly submits a false statement to Octagon, which is a material consideration for the execution of the Restated JDA; or (c) Malaco Mining and/or Malaco Leichhardt assigns any interest, right or obligation under the Restated JDA or the Restated OA or any legal or beneficial interest in the Mount Watson Tenement, contrary to the provisions of the Restated JDA; or (d) in the event the Mount Watson Tenement is terminated or ceases to be current and in force for any reason whatsoever. For the avoidance of doubt, a default by Malaco Mining and/or Malaco Leichhardt under Item (iv) (c) above constitutes a material breach of the Restated JDA. (v) If Malaco Mining and/or Malaco Leichhardt terminates the Restated JDA due to default of Octagon, Octagon shall: (a) forfeit all its other rights and interests under the Restated JDA and the Restated OA; and (b) indemnify and save Malaco Mining and/or Malaco Leichhardt harmless against any and all actions, claims, demands and proceedings by third parties that may arise out of such termination, to the extent of Octagon's liability thereto. (vi) If Octagon terminates the Restated JDA in response to a default or breach by Malaco Mining and/or Malaco Leichhardt, Malaco Mining and/or Malaco Leichhardt, as relevant, shall: (a) pay compensation to Octagon calculated in accordance with the following formula; Compensation Quantum = NCF discounted to present value (to termination date) by discount rate of 10% (b) forfeit all its other rights and interests under the Restated JDA and the Restated OA; and (c) indemnify and save Octagon harmless against any and all actions, claims, demands and proceedings by third parties that may arise out of such termination, to the extent of Malaco Mining and/or Malaco Leichhardt's liability thereto. Note: NCF for the purpose of Item (vi) above means the value of yearly projected net cash flows over the remaining tenure of the Restated OA from the termination date (to be specified in the notice of termination) and more specifically meaning the projected operational cash flows of Octagon under the Restated OA, net of cash flows for investing and financing activities, the projected cash flows statement of which are prepared and submitted in connection with the submission to the regulatory authorities for the purpose of the Proposed Regularisation Plan of Octagon, a copy of which is annexed to the Restated JDA as Annex D. Solely for purposes of this clause, the term “tenure” shall mean 10 years from Commencement Date of the Restated OA. (vii) Disposal by Malaco Mining and/or Malaco Leichhardt (a) Malaco Mining and/or Malaco Leichhardt shall not dispose of, transfer or assign the rights and/or obligations the Restated JDA and Restated OA or any legal or beneficial interest in the Mount Watson tenement, to a third party without the prior written consent of Octagon. (b) In the event Octagon consents to such disposal, transfer or assignment, Malaco Mining and/or Malaco Leichhardt (as the case may be) shall procure the third party to execute a novation agreement to novate all their rights and obligations under the Restated JDA and/or the Restated OA to the said third party. (c) Malaco Mining and/or Malaco Leichhardt shall not proceed with the disposal, transfer or assignment in the event the third party does not execute a novation agreement as described under Item (vii) (b) above and agree to be bound by the terms of the Restated JDA and Restated OA or any relevant novation agreement unless Octagon waives that requirement in writing. (vii) In the event there are any inconsistencies between the terms of the Restated OA and the terms of the Restated JDA, the terms of the Restated JDA shall prevail to the extent of the inconsistency. (2) the Restated OA (i) Octagon, Malaco Mining and Malaco Leichhardt agreed to enter into the Restated OA to amend, vary and restate the terms of the OA as a consequence of the variation made pursuant to the Restated OA. The execution of the Restated OA supersedes the OA and the OA shall be deemed ineffective from the date of execution of the Restated OA. (ii) Octagon may appoint its wholly owned subsidiary to be the operator to conduct Commercial Operations on Octagon’s behalf. (iii) Disposal by Malaco Leichhardt (a) Malaco Leichhardt shall not dispose of, transfer or assign the rights of the Restated OA or the Restated JDA or any of its legal or beneficial interest in the Mount Watson tenement or Process Plant and Infrastructure to a third party without the prior written consent of Octagon. (b) Subject to Item (iii)(c) below, in the event Octagon consents to such disposal, transfer or assignment, Malaco Leichhardt is required to procure the third party and Malaco Mining to execute a novation agreement to novate all of Malaco Leichhardt’s and Malaco Mining’s (as the case may be) rights and obligations under the Restated OA or the Restated JDA to the said third party. (c) In the event that Malaco Leichhardt disposes of, transfers or assigns any of its legal or beneficial interest in the Process Plant and Infrastructure to a third party, Malaco Leichhardt must ensure that the third party enters into a deed of assumption to assume Malaco Leichhardt’s obligations to Octagon under the Restated OA and the Restated JDA in respect of the Process Plant and Infrastructure. (d) Malaco Leichhardt shall not proceed with the disposal, transfer or assignment in the event the third party and Malaco Mining (as the case may be) does not execute a novation agreement as described under Item (iii)(b) above and agree to be bound by the terms of the Restated JDA and Restated OA or deed of assumption as described in Item (iii)(c) above unless Octagon waives that requirement in writing. (iv) If Octagon terminates the Restated OA due to default by Malaco Leichhardt which is not remedied in accordance with the provisions of the Restated OA, whilst reserving all of its other legal and equitable rights including any entitlement to further damages, Octagon may at its own discretion elect to claim compensation from Malaco Leichhardt pursuant to this clause, in which case the compensation liability of Malaco Leichhardt will be calculated in accordance with the following formula: Compensation quantum = NCF discounted to present value (to termination date) by a discount rate of 10%. where: NCF means the value of yearly projected net cash flows over the remaining tenure of the Restated OA from the termination date (to be specified in the notice of termination) and more specifically meaning the projected operational cash flows of Octagon under the Restated OA, net of cash flows for investing and financing activities, the projected cash flows statement of which are submitted in connection with the submission to the regulatory authorities for the purpose of the Proposed Regularisation Plan of Octagon. Solely for purposes of this clause, the term “tenure” shall mean 10 years from the date the last of the conditions precedent have been satisfied or waived. (v) In the event there are any inconsistencies between the terms of the Restated OA and the terms of the Restated JDA, the terms of the Restated JDA shall prevail to the extent of the inconsistency. The Restated JDA and Restated OA are available for inspection at the registered office of Octagon at 2A, Jalan Gambus 33/4, Taman Perindustrian Elite, Seksyen 33, 40400 Shah Alam, Selangor during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 3 March 2014.
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HAISAN - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | HAISAN RESOURCES BERHAD |
| Stock Name | HAISAN |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | HR-140303-61862 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | HAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”) - MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") |
Further to the Company’s monthly announcement dated 4 February 2014 on the status of the Company’s regularisation plan pursuant to PN17 of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of Haisan wishes to inform that there is no major development on the status of the Company’s regularisation plan as at the date of this announcement. The Company will announce further developments on the above matter as and when necessary. This announcement is dated 3 March 2014.
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HAISAN - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | HAISAN RESOURCES BERHAD |
| Stock Name | HAISAN |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | HR-140303-61411 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | HAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”) - MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 (“PN 1”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") |
Further to the Company’s monthly announcement dated 4 February 2014 pursuant to PN 1 of the Main Market Listing Requirement of Bursa Securities, the Board of Directors of Haisan wishes to inform that there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement. The Company will announce further developments on the above matter as and when necessary. This announcement is dated 3 March 2014.
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