Company announcements: MELEWAR, MECHMAR, MMOSAIC, MUIIND, WIJAYA, WTK, SUNWAY

MELEWAR - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 31/05/2010

Announcement Detail:
Date of change: 31/05/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Shazal Yusuf bin Mohamed Zain

Age: 39

Nationality: Malaysian

Qualifications: MSc. in Shipping, Trade and Finance from City University Business School, UK
 B.A. Economics from Nottigham University, UK

Working experience and occupation: 1999 to present - Managing Director of Confoil (Malaysia) Sdn Bhd and Shaz DeSter.ACS Sdn Bhd
 
 1998 to 1999 - Senior Strategist, Treasury & Risk Management of Commerce International Merchant Bank
 
 1996 to 1998 - Assistant Manager, Corporate Banking & Capital Markets of BSN Merchant Bank
 
 1994 to 1996 - Corporate Finance Executive of Commerce International Merchant Bankers

Directorship of public companies (if any): Nil

Family relationship with any director and/or major shareholder of the listed issuer: Nil

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: Nil

Composition of Audit Committee (Name and Directorate of members after change): Mr Onn Kien Hoe (Chairman / Independent Non-Executive Director)
 Dato' Jaffar Indot (Member / Independent Non-Executive Director)
 Shazal Yusuf bin Mohamed Zain (Member / Independent Non-Executive Director)

MELEWAR - Quarterly rpt on consolidated results for the financial period ended 31/3/2010
Announcement Type: Financial Results
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 31/05/2010

Announcement Detail:
Financial Year End: 30/06/2010

Quarter: 3

Quarterly report for the financial period ended: 31/03/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)

MECHMAR - General Announcement
Announcement Type: General Announcement
Company Name: MECHMAR CORPORATION (MALAYSIA) BERHAD
Stock Name: MECHMAR
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: MECHMAR CORPORATION (MALAYSIA) BERHAD (13380-M) ("Mechmar")
 
 MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE NO. 1/2005 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("Bursa Securities")
 -LOANS UNDER DEFAULT STATUS
 
 AS AT 31 MAY 2010

Contents: Attached Mechmar Group's PN1 report on the status of loans under default as at 31 May 2010 for your reference.

Attachments: bursa-PN1-310510.xls

MECHMAR - General Announcement
Announcement Type: General Announcement
Company Name: MECHMAR CORPORATION (MALAYSIA) BERHAD
Stock Name: MECHMAR
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: MECHMAR CORPORATION (MALAYSIA) BERHAD (13380-M) ("Mechmar")
 
 MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE NO. 17/2005 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("Bursa Securities")

Contents: We refer to our Announcement made on 10 March 2010 pursuant to PN17 where Bursa Securities has granted to Mechmar an extension of time of three (3) months until 8 June 2010 ("the Extended Timeframe") to undertake a regularisation plan that complies with paragraph 3.1 of PN17 and submit the regularisation plan to Bursa Securities for approval.
 
 We wish to inform that Mechmar's Board of Directors and Advisor are in the midst of finalizing the Regularisation Plan with its lenders to regularise its financial condition.
 
 Mechmar has until 8 June 2010 to submit its Regularisation Plan to Bursa Securities for approval and any updates or further details will be announced in due course.
 
 This announcement is dated 31 May 2010.

MMOSAIC - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MALAYSIAN MOSAICS BERHAD
Stock Name: MMOSAIC
Date Announced: 31/05/2010

Announcement Detail:
Date of buy back: 31/05/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 1,000

Minimum price paid for each share purchased ($$): 1.370

Maximum price paid for each share purchased ($$): 1.370

Total consideration paid ($$): 1,412.42

Number of shares purchased retained in treasury (units): 1,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 6,200

Adjusted issued capital after cancellation  (no. of shares) (units): 0

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.01

MUIIND - General Announcement
Announcement Type: General Announcement
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: MALAYAN UNITED INDUSTRIES BERHAD ("MUI" or the "Company")
 I. Proposed renewal of authority for the purchase of own 
 shares by the Company
 II. Proposed amendments to the Articles of Association of 
 the Company

Contents: The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval for the following proposals at the Annual General Meeting to be convened:-
 
 (i) Proposed renewal of authority for the purchase of own shares by the Company ("Proposed Share Buy-Back Authority")
 (ii)Proposed amendments to the Articles of Association of the Company ("Proposed Amendments")
 
 Details of the Proposed Amendments will be set out in the Annual Report of the Company together with a statement to shareholders containing information on the Proposed Share Buy-Back Authority, both of which will be despatched to shareholders of the Company in due course.

MUIIND - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: MALAYAN UNITED INDUSTRIES BERHAD ("MUI")
 
 FIRST CONVERSION PERIOD FROM 30 DECEMBER 2009 TO 30 JUNE 2010 OF CLASS A1 8-YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("CLASS A1 ICULS") OF MUI ("FIRST CONVERSION PERIOD")
 
 ISSUANCE OF CLASS A3, 2 ½ -YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") OF MUI ("CLASS A3 ICULS") AS COMPENSATION IN RELATION TO THE OUTSTANDING CLASS A1 AND CLASS A2 ICULS ("COMPENSATION")

Contents: We refer to the announcements dated 12 January 2010 and 22 December 2009.
 
 On behalf of the Board of Directors of MUI and pursuant to the terms of the trust deed constituting Class A1 ICULS and Class A2 ICULS dated 20 December 2004 ("Trust Deed"), PM Securities Sdn Bhd wishes to advise that:
 
 (i) The First Conversion Period of Class A1 ICULS will be closing on 30 June 2010. 
 
 In accordance with the terms of the Trust Deed, any holders of Class A1 ICULS who do not exercise their conversion right in the First Conversion Period can exercise their conversion right in the second conversion period from 27 June 2012 to 27 December 2012. Unless previously converted, all outstanding Class A1 ICULS on maturity date, 28 December 2012, will be automatically and mandatorily converted into new MUI shares at the conversion price (i.e. One (1) ICULS with a nominal value of Ringgit Malaysia One (RM1.00) each for every one (1) new MUI share subject to any adjustment as may be made pursuant to the Trust Deed);
 
 (ii) MUI shall issue upfront additional ICULS designated as Class A3 ICULS as Compensation in place of interest in cash for the 3-year period from years 6 to 8 on all outstanding unconverted Class A1 and Class A2 ICULS as at 30 June 2010. For clarity, the outstanding unconverted Class A1 ICULS refer to those which are not converted at the end of the First Conversion Period. 
 
 In accordance with the terms of the Trust Deed, the amount of Class A3 ICULS to be issued is calculated by reference to an implied interest rate of 5% per annum for the 3-year period for years 6 to 8, discounted to net present value by applying a discount rate of 7% per annum and shall be issued in registered form and in multiples of Ringgit Malaysia One (RM1.00) only.
 
 The Class A3 ICULS to be issued in respect of the Compensation shall not bear interest for its entire tenure.
 
 The holders of Class A3 ICULS may exercise their rights to convert their ICULS into ordinary shares of RM1.00 each in MUI at any time during the six (6) months upon the expiry of two (2) years from the issue date of Class A3 ICULS i.e. from 27 June 2012 to 27 December 2012. All Class A3 ICULS not converted as at 28 December 2012 shall be automatically and mandatorily converted into new ordinary shares of RM1.00 each in MUI; and
 
 (iii) The books closing and entitlement dates for Class A3 ICULS shall be announced in due course.
 
 For information purposes, in accordance with the terms of the Trust Deed, any holders of Class A2 ICULS can exercise their conversion right in the period from 27 June 2012 to 27 December 2012. All outstanding Class A2 ICULS not converted as at the maturity date, 28 December 2012, will be automatically and mandatorily converted into new MUI shares at the conversion price.
 
 This announcement is dated 31 May 2010.

WIJAYA - NOTICE OF ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: NOTICE OF ANNUAL GENERAL MEETING

Contents: We are pleased to announce that the 41st Annual General Meeting of Wijaya Baru Global Berhad will be held at the Auditorium, 3rd Floor, Wijaya International Medical Centre, No. 1, Jalan 215, Section 51, Off Jalan Templer, 46050 Petaling Jaya, Selangor Darul Ehsan on Wednesday, 23 June 2010 at 11.00 a.m.
 
 Details of the resolutions to be tabled at the Annual General Meeting are set out in the attachment.
 
 This announcement is dated 31 May 2010.

Attachments: Notice of AGM.pdf

WTK - Quarterly rpt on consolidated results for the financial period ended 31/3/2010
Announcement Type: Financial Results
Company Name: WTK HOLDINGS BERHAD
Stock Name: WTK
Date Announced: 31/05/2010

Announcement Detail:
Financial Year End: 31/12/2010

Quarter: 1

Quarterly report for the financial period ended: 31/03/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)

SUNWAY - SUNWAY HOLDINGS BERHAD ("SUNWAY") - LETTER OF AWARD FOR RM209.6 MILLION FROM SUNWAY CITY BERHAD
Announcement Type: General Announcement
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 31/05/2010

Announcement Detail:
Type: Announcement

Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
 - LETTER OF AWARD FOR RM209.6 MILLION FROM SUNWAY CITY BERHAD

Contents: The Board of Directors of Sunway is pleased to announce that Sunway Construction Sdn Bhd ("SunCon"), a wholly-owned subsidiary of Sunway, had on 27 May 2010, accepted the letter of award for a contract worth RM209.6 million from Sunway City Berhad ("SunCity") for the proposed earthworks, piling and main building works for the proposed mixed development of the following on part of Lot No. PT 391 Section 90, Wilayah Persekutuan, Kuala Lumpur:-
 
 (a) 1 block of 13-storey 132 units shop offices;
 (b) 1 block of 18-storey 264 units service apartment on a 4-storey podium car park and 2-storey 7 units shop offices;
 (c) Recreational facilities comprising swimming pool, gymnasium, foyer, main lobby, drop-off area; 
 (d) 1-storey open deck at 1st floor; and
 (e) 3-storey basement car parks
 
 (hereinafter referred to as "the Proposed Project").
 
 The contract duration of the Proposed Project is 34 months from the date of commencement. A commencement notice will be issued to SunCon not later than 6 November 2010. The Proposed Project is expected to contribute positively to the earnings of the Group for the financial year ending 31 December 2010 onwards.
 
 The Proposed Project is subject to normal construction risk of materials price fluctuation. However, with the experience and expertise of SunCon in construction projects in Malaysia, this risk could be mitigated at this juncture. 
 
 The Proposed Project is a related party transaction by virtue of Tan Sri Dato' Seri Dr Cheah Fook Ling being a director and major shareholder of Sunway and SunCity. 
 
 Sunway had obtained a shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("RRPT Mandate") at its 30th Annual General Meeting held on 10 December 2008. The RRPT Mandate inter alia, covers the provision of construction works by SunCon or its subsidiaries to SunCity and its subsidiaries.
 
 This announcement is dated 31 May 2010.