June 16, 2010

Company announcements: IGB, AMOLEK, BSTEAD, MFCB, GENTING, GAB

IGB - Termination of the Joint Venture Agreement between Angkasa Gagah Sdn Bhd and IJM Properties Sdn Bhd

Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 15/06/2010

Announcement Detail:
Type: Announcement

Subject: Termination of the Joint Venture Agreement between Angkasa Gagah Sdn Bhd and IJM Properties Sdn Bhd

Contents: Reference is made to the announcement dated 19 October 2006 in respect of the Joint Venture Agreement (JVA) that was entered into between Angkasa Gagah Sdn Bhd (AGSB), an indirect wholly-owned subsidiary of the Company, and IJM Properties Sdn Bhd (IJMP), to undertake a residential development on three pieces of land, all situated at the Mukim of Setapak, District of Gombak, State of Selangor. The JVA was conditional upon obtaining regulatory approval for the proposed development.

The Board wishes to announce that AGSB and IJMP have mutually agreed to terminate the JVA through the execution of a Termination Agreement on 15 June 2010. With the termination, neither the parties shall have any claim whatsoever, directly or indirectly, against the other party in respect of the JVA.

None of the Directors or major shareholders of the Company, or the persons connected with them, has any interest, direct or indirect, in the transaction. The termination will not have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 December 2010.


AMOLEK - RESOLUTIONS PASSED AT THE NINETY SECOND ANNUAL GENERAL MEETING ("AGM")

Announcement Type: General Announcement
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 15/06/2010

Announcement Detail:
Type: Announcement

Subject: RESOLUTIONS PASSED AT THE NINETY SECOND ANNUAL GENERAL MEETING ("AGM")

Contents: The Board of Directors of The Ayer Molek Rubber Company Berhad ("AMOLEK" or "the Company") wishes to announce that the resolutions as set out in the Notice of the Ninety Second Annual General Meeting ("AGM") dated 21 May 2010 were duly passed by the shareholders at the Ninety Second AGM held at the Banquet Hall, Kelab Taman Perdana Di-Raja Kuala Lumpur (Royal Lake Club), Taman Tasik Perdana, Jalan Cenderamulia, Off Jalan Parlimen, 50480 Kuala Lumpur on Tuesday, 15 June 2010 as set out in Table 1 hereunder.

This announcement is dated 15 June 2010.


AMOLEK - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 15/06/2010

Announcement Detail:
Date of change: 15/06/2010

Type of change: Retirement

Designation: Executive Director

Directorate: Executive

Name: Goh Joon Hai

Age: 71

Nationality: Malaysian

Qualifications: MBA, CA(Canada), CA(Mal)

Working experience and occupation: Practiced as a Chartered Accountant and Corporate Adviser for 30 over years.

Directorship of public companies (if any): Tamadam Bonded Warehouse Berhad

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: 200 ordinary shares of RM1.00 each in The Ayer Molek Rubber Company Berhad

Remarks: Nil


BSTEAD - General Announcement

Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 15/06/2010

Announcement Detail:
Type: Announcement

Subject: JOINT VENTURE AGREEMENT BETWEEN BHIC DEFENCE TECHNOLOGIES SDN BHD AND MTU SERVICES (MALAYSIA) SDN BHD

Contents: 1. INTRODUCTION

Further to the announcement on 3 December 2009, Boustead Holdings Berhad ("BHB") is pleased to announce that the wholly owned sub-subsidiary of Boustead Heavy Industries Corporation Berhad, BHIC Defence Technologies Sdn Bhd ("BHICDT"), has on 15 June 2010 signed a Joint Venture Agreement with MTU Services (Malaysia) Sdn Bhd ("MSM") ("JV Agreement")for the purpose of forming a Joint Venture Company ("JVCo") in Malaysia ("JV").

The purpose of the JV is for BHICDT and MSM to establish a long term relationship through the creation of a JVCo for their mutual benefit annd gain and to undertake the business linked with maintenance of the products and services of MTU Friedrichshafen GmbH ("MTU") in Malaysia and Brunei.

2. BACKGROUND INFORMATION ON MSM

MSM is an associate company of MTU. MSM is the only sole authorised agent of MTU in Malaysia with the exceptional know-how and the capability to offer comprehensive range of products and services support to MTU customers in Malaysia and Brunei.

MTU is a German-based company which is a leading manufacturer of diesel engines for trains, ships, military vehicles, farming, mining and construction equipments and oil & gas applications as well as diesel-generators.

3. EFFECTS OF THE JV Agreement

The JV Agreement is not expected to have any material financial effect for the BHB Group for the current financial year ending 31 December 2010. The JV Agreement does not have any effect on the substantial shareholders' shareholdings of BHB.

None of the Directors or major shareholders of BHB or persons connected to them has any interest in the JV.

This announcement is dated 15 June 2010


MFCB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 15/06/2010

Announcement Detail:
Date of buy back: 15/06/2010

Description of shares purchased: Ordinary shares of MYR1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 6,000

Minimum price paid for each share purchased ($$): 1.640

Maximum price paid for each share purchased ($$): 1.650

Total consideration paid ($$): 9,962.29

Number of shares purchased retained in treasury (units): 6,000

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

Cumulative net outstanding treasury shares as at to-date (units): 12,546,400

Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.18

Remarks: This announcement is dated 15 June 2010.


MFCB - Dealings in Quoted Securities

Announcement Type: General Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 15/06/2010

Announcement Detail:
Type: Reply to query

Reply to Bursa Malaysia's Query Letter - Reference ID: ZO-100614-57883

Subject: Dealings in Quoted Securities

Contents: We refer to your letter dated 14 June 2010 which was received today.

1. The latest financial information of Industrial and Commercial Bank of China Ltd ("ICBC") is set out in Table A below.
2. The sale proceeds are expected to be fully used for working capital by 31 December 2010.


This announcement is dated 15 June 2010.

Query Letter content: We refer to your Company's announcement dated 9 June 2010 in respect of the
above mattter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. The net profits and net assets of Industrial and Commercial Bank of China
Ltd based on its latest audited accounts.
2. The timeframe for full utilisation of the sale proceeds.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


TAN YEW ENG
Head, Issuers
Listing Division, Regulation

TYE/ZOOS
c.c.General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)


GENTING - GENTING-EXECUTIVE SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 15/06/2010

Announcement Detail:
Subject: GENTING-EXECUTIVE SHARE OPTION SCHEME ("SCHEME")

Contents: Kindly be advised that the abovementioned Company's additional 110,000 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Thursday, 17 June 2010.


GENTING - General Announcement

Announcement Type: General Announcement
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 15/06/2010

Announcement Detail:
Type: Announcement

Subject: GENTING BERHAD ("GENT")

- PROPOSED RENEWAL OF THE AUTHORITY FOR GENT TO PURCHASE ITS OWN SHARES ("PROPOSED SHARE BUY-BACK RENEWAL")
- PROPOSED EXEMPTION UNDER PRACTICE NOTE 2.9.10 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 ("CODE")("PROPOSED EXEMPTION")

Contents: We refer to our announcement dated 5 April 2010 on the Proposed Share Buy-Back Renewal and the Proposed Exemption as well as our announcement dated 10 June 2010 on the approvals obtained from the shareholders of GENT at its 42nd Annual General Meeting for, amongst others, the Proposed Share Buy-Back Renewal and Proposed Exemption.

The Board of Directors of GENT wishes to announce that Kien Huat Realty Sdn Berhad ("KHR") has informed GENT that the Securities Commission ("SC") has, on 14 June 2010, approved the Proposed Exemption, subject to the requirement that KHR and the persons acting in concert with it must at all times disclose to the SC all acquisitions, purchases or entitlements to acquire or purchase voting shares of GENT made by them in a 12-month period from the date of the granting of the Proposed Exemption, as required under Paragraph 10 of Practice Note 2.9.10 of the Code.

Accordingly, the Proposed Share Buy-Back Renewal and Proposed Exemption have become unconditional.

This announcement is dated 15 June 2010.


GAB - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: GUINNESS ANCHOR BERHAD
Stock Name: GAB
Date Announced: 15/06/2010

Announcement Detail:
Date of change: 15/06/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Non Independent & Non Executive

Name: Siobhan Mary Hamilton

Age: 36

Nationality: Irish

Qualifications: Master of Arts in Occupational Psychology, University College Cork (1996)

Bachelor of Arts in Psychology, University College Dublin (1995)

Working experience and occupation: Siobhan began her career in her home market of Ireland in 1996. She has more than 13 years of experience working accross several markets and brands in Diageo.

Siobhan is currently the General Manager for Diageo Singapore, Malaysia and Indonesia. Prior to this, she was the Regional Brand Director for Vodka and RTD in Asia Pacific.

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): Chairman:
Dato' Jaffar Indot - Independent Non-Executive Director

Members:
Tan Sri Saw Huat Lye - Senior Independent Director
Dr. Leslie Buckley - Non-Independent Non-Executive Director
Mr. Sreesanthan Eliathamby - Independent Non-Executive Director
Mr. Martin Giles Manen - Independent Non-Executive Director
Ms. Siobhan Mary Hamilton - Non-Independent Non-Executive Director

Remarks: This announcement is dated 15 June 2010.


GAB - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: GUINNESS ANCHOR BERHAD
Stock Name: GAB
Date Announced: 15/06/2010

Announcement Detail:
Date of change: 15/06/2010

Type of change: Appointment

Designation: Director

Directorate: Non Independent & Non Executive

Name: Siobhan Mary Hamilton

Age: 36

Nationality: Irish

Qualifications: 1. Master of Arts in Occupational Psychology, University College Cork (1996)

2. Bachelor of Arts in Psychology, University College Dublin (1995)

Working experience and occupation: Siobhan began her career in her home market of Ireland in 1996. She has more than 13 years of experience working across several markets and brands in Diageo.

Siobhan is currently the General Manager for Diageo Singapore, Malaysia and Indonesia. Prior to this, she was the Regional Brand Director for Vodka and RTD in Asia Pacific.

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

Remarks: This announcement is dated 15 June 2010.



No comments:

Post a Comment