IRIS - General Announcement
Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
PROPOSED JOINT VENTURE BETWEEN ICB AND WRP ASIA PACIFIC SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors of ICB ("Board") wishes to announce that ICB had, on 2 June 2010 entered into a joint venture agreement ("JVA") with WRP Asia Pacific Sdn Bhd ("WRP") to form a new joint venture company ("JVC") to develop, construct, operate and own a new biomass power plant to be powered by oil palm empty fruit bunches or such other renewable biomass on a designated site owned or to be owned by WRP ("Site").
2. OBJECTIVES OF THE JVC
The objectives of the formation of the JVC are:-
a) To supply and sell to WRP its supply requirements, namely electricity, steam, hot water and chilled water to be used in WRP Plants ("WRP Supply"); and
b) To supply and sell electricity to Tenaga Nasional Berhad under the Small Renewable Energy Power Programme ("SREP") ("TNB Supply").
3. SALIENT TERMS OF THE JVA
The salient terms of the JVA are as follows:-
(a) The JVC shall take the form of a private limited company incorporated in Malaysia and shall be formed within one hundred twenty (120) days from the date of the JVA or such extended period as the parties may mutually agree and the formation of the JVC shall be a condition precedent to the JVA;
(b) The business scope of the JVC is limited to the WRP Supply and the TNB Supply;
(c) The initial paid-up capital of the JVC shall be RM100,000 which shall be fully paid-up on formation of the JVC. The shares of the JVC shall be ordinary shares of par value of RM1.00 each. ICB and WRP agree to subscribe for the paid-up share capital according to the following ratio:-
Table as attached below.
(d) The total project cost of the planning, development and up to the completion of the construction of the biomass power plant is estimated to be RM135,000,000 ("Project Cost"), which is expected to be funded by way of project financing to be procured by the JVC and if required, further capital contributions from the parties;
(e) Within six (6) months from the date of the JVA, the parties agree that WRP shall enter into an agreement with JVC to lease the Site to JVC for a minimum period of twenty one (21) years;
(f) Notwithstanding any other term of the JVA to the contrary, the size and the form of the capital contributions by the parties to the Project Cost, whether as shareholders loans, subscriptions of shares and/or in any other form of instrument, shall require the unanimous decision of the parties;
(g) Upon any agreed increase of the JVC's paid-up capital to meet the Project Cost, the parties shall promptly pay to the JVC the amount of such increased capital according to their respective shareholding ratio. In the event any party fails to subscribe for its portion of the increased shares within three (3) months from the subscription notice, such portion may be subscribed by the other party. If such other party fails to subscribe to the said shares, such shares may then be offered to a third party to be approved by the board of directors. Any changes in the shareholding ratio shall cause a proportionate change in the composition of the board of directors whereby the party with the increased shareholding shall have more appointed directors than the party with the decreased shareholding; and
(h) ICB agrees that it shall use its best endeavours to procure sufficient project financing from a bank or finance house to meet the Project Cost. For the purposes of securing the project financing, the parties shall do all acts to procure that the JVC execute such relevant power purchasing agreements with WRP and/or with Tenaga Nasional Berhad, and if need be, use the assets of the JVC as collateral, and in addition to provide and issue their own respective corporate guarantees in such proportion to their respective shareholding ratio in the JVC. Further each party shall indemnify the other up to its proportion of shareholding ratio in the JVC from any claims whatsoever under the JVA.
4. INFORMATION ON WRP
WRP was incorporated in Malaysia as a private limited company under the Companies Act, 1965 on 28 November 1985. WRP is principally involved in the provision of manufacturing and supplying rubber-based products to medical, hospitality and environmental management industries. Its principal office is at Lot 1, Jalan 3, Kawasan Perusahaan Bandar Baru Salak Tinggi, 43900 Sepang, Selangor Darul Ehsan.
5. RATIONALE AND PROSPECTS
The proposed joint venture with WRP to form a JVC to develop, construct, operate and own a new biomass power plant is consistent with ICB's objective to further expand its environmental solutions. The proposed joint venture also represents an additional revenue stream to ICB in its environmental solutions segment. In addition, the biomass power plant will be used as a successful model of power plant to be marketed to the potential investors.
6. SOURCES OF FUNDS
ICB will finance its obligations via a combination of bank borrowings and internally generated funds.
7. RISK FACTORS
7.1 Business risk
The JVC is subject to certain risks inherent in the farming solutions business. These include but are not limited to the advancement in technology costs, availability of trained skilled workers in environment technologies, increases in the cost of labour, competition, changes in general economic, business and interest rate conditions and changes in the legal environment framework within which the industry operates.
Although ICB and its subsidiaries ("ICB Group") seeks to limit these risks through expansion of both existing and new markets, developing and maintaining a diversified market network, prudent financial management and efficient operating procedures and maintaining good business relationships with our customers and suppliers, no assurance can be given that any changes in the above factors will not have any material adverse effect on the ICB Group's business.
7.2 Political, economic and regulatory considerations
Like all business entities, changes in political, economic and regulatory conditions in Malaysia could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in interest rates and nullification of existing contracts.
The ICB Group will continue to take effective measures to mitigate such risks. However, there is no assurance that adverse economic, political and regulatory conditions will not materially affect the business activities of the ICB Group.
7.3 Joint venture risk
The JVC may potentially expose the ICB Group to new risks including those associated with the assimilation of new operations and personnel, the diversion of financial management resources from existing operations and the inability to successfully integrate the joint venture with its current business operations. There is no assurance that the anticipated benefits from the proposed joint venture will be realised and that the ICB Group will be able to generate sufficient revenue from the proposed joint venture to offset the associated joint venture cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the proposed joint venture and will take appropriate measures in planning the successful integration of this joint venture with its current business operations. Further, the ICB Group is committed towards the close monitoring of the development of the JVC's business in order to minimise any implementation issues or delays.
8. FINANCIAL EFFECTS OF THE JVA
The JVA will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, earnings, earnings per share, net assets per share and gearing of ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the JVA will contribute positively to the earnings and earnings per share of the ICB Group in the future.
9. APPROVALS REQUIRED
The JVA does not require the approval of ICB's shareholders or any other relevant government authorities in Malaysia.
10. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in WRP and/or the JVA.
11. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the proposed joint venture (including but not limited to the rationale, prospects and financial effects of the JVA), is of the opinion that the JVA is fair, reasonable and is in the best interest of the ICB Group.
12. DOCUMENT FOR INSPECTION
The JVA is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, for a period of three (3) months from the date of this announcement.
This announcement is dated 2 June 2010.
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
PROPOSED JOINT VENTURE BETWEEN ICB AND WRP ASIA PACIFIC SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors of ICB ("Board") wishes to announce that ICB had, on 2 June 2010 entered into a joint venture agreement ("JVA") with WRP Asia Pacific Sdn Bhd ("WRP") to form a new joint venture company ("JVC") to develop, construct, operate and own a new biomass power plant to be powered by oil palm empty fruit bunches or such other renewable biomass on a designated site owned or to be owned by WRP ("Site").
2. OBJECTIVES OF THE JVC
The objectives of the formation of the JVC are:-
a) To supply and sell to WRP its supply requirements, namely electricity, steam, hot water and chilled water to be used in WRP Plants ("WRP Supply"); and
b) To supply and sell electricity to Tenaga Nasional Berhad under the Small Renewable Energy Power Programme ("SREP") ("TNB Supply").
3. SALIENT TERMS OF THE JVA
The salient terms of the JVA are as follows:-
(a) The JVC shall take the form of a private limited company incorporated in Malaysia and shall be formed within one hundred twenty (120) days from the date of the JVA or such extended period as the parties may mutually agree and the formation of the JVC shall be a condition precedent to the JVA;
(b) The business scope of the JVC is limited to the WRP Supply and the TNB Supply;
(c) The initial paid-up capital of the JVC shall be RM100,000 which shall be fully paid-up on formation of the JVC. The shares of the JVC shall be ordinary shares of par value of RM1.00 each. ICB and WRP agree to subscribe for the paid-up share capital according to the following ratio:-
Table as attached below.
(d) The total project cost of the planning, development and up to the completion of the construction of the biomass power plant is estimated to be RM135,000,000 ("Project Cost"), which is expected to be funded by way of project financing to be procured by the JVC and if required, further capital contributions from the parties;
(e) Within six (6) months from the date of the JVA, the parties agree that WRP shall enter into an agreement with JVC to lease the Site to JVC for a minimum period of twenty one (21) years;
(f) Notwithstanding any other term of the JVA to the contrary, the size and the form of the capital contributions by the parties to the Project Cost, whether as shareholders loans, subscriptions of shares and/or in any other form of instrument, shall require the unanimous decision of the parties;
(g) Upon any agreed increase of the JVC's paid-up capital to meet the Project Cost, the parties shall promptly pay to the JVC the amount of such increased capital according to their respective shareholding ratio. In the event any party fails to subscribe for its portion of the increased shares within three (3) months from the subscription notice, such portion may be subscribed by the other party. If such other party fails to subscribe to the said shares, such shares may then be offered to a third party to be approved by the board of directors. Any changes in the shareholding ratio shall cause a proportionate change in the composition of the board of directors whereby the party with the increased shareholding shall have more appointed directors than the party with the decreased shareholding; and
(h) ICB agrees that it shall use its best endeavours to procure sufficient project financing from a bank or finance house to meet the Project Cost. For the purposes of securing the project financing, the parties shall do all acts to procure that the JVC execute such relevant power purchasing agreements with WRP and/or with Tenaga Nasional Berhad, and if need be, use the assets of the JVC as collateral, and in addition to provide and issue their own respective corporate guarantees in such proportion to their respective shareholding ratio in the JVC. Further each party shall indemnify the other up to its proportion of shareholding ratio in the JVC from any claims whatsoever under the JVA.
4. INFORMATION ON WRP
WRP was incorporated in Malaysia as a private limited company under the Companies Act, 1965 on 28 November 1985. WRP is principally involved in the provision of manufacturing and supplying rubber-based products to medical, hospitality and environmental management industries. Its principal office is at Lot 1, Jalan 3, Kawasan Perusahaan Bandar Baru Salak Tinggi, 43900 Sepang, Selangor Darul Ehsan.
5. RATIONALE AND PROSPECTS
The proposed joint venture with WRP to form a JVC to develop, construct, operate and own a new biomass power plant is consistent with ICB's objective to further expand its environmental solutions. The proposed joint venture also represents an additional revenue stream to ICB in its environmental solutions segment. In addition, the biomass power plant will be used as a successful model of power plant to be marketed to the potential investors.
6. SOURCES OF FUNDS
ICB will finance its obligations via a combination of bank borrowings and internally generated funds.
7. RISK FACTORS
7.1 Business risk
The JVC is subject to certain risks inherent in the farming solutions business. These include but are not limited to the advancement in technology costs, availability of trained skilled workers in environment technologies, increases in the cost of labour, competition, changes in general economic, business and interest rate conditions and changes in the legal environment framework within which the industry operates.
Although ICB and its subsidiaries ("ICB Group") seeks to limit these risks through expansion of both existing and new markets, developing and maintaining a diversified market network, prudent financial management and efficient operating procedures and maintaining good business relationships with our customers and suppliers, no assurance can be given that any changes in the above factors will not have any material adverse effect on the ICB Group's business.
7.2 Political, economic and regulatory considerations
Like all business entities, changes in political, economic and regulatory conditions in Malaysia could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in interest rates and nullification of existing contracts.
The ICB Group will continue to take effective measures to mitigate such risks. However, there is no assurance that adverse economic, political and regulatory conditions will not materially affect the business activities of the ICB Group.
7.3 Joint venture risk
The JVC may potentially expose the ICB Group to new risks including those associated with the assimilation of new operations and personnel, the diversion of financial management resources from existing operations and the inability to successfully integrate the joint venture with its current business operations. There is no assurance that the anticipated benefits from the proposed joint venture will be realised and that the ICB Group will be able to generate sufficient revenue from the proposed joint venture to offset the associated joint venture cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the proposed joint venture and will take appropriate measures in planning the successful integration of this joint venture with its current business operations. Further, the ICB Group is committed towards the close monitoring of the development of the JVC's business in order to minimise any implementation issues or delays.
8. FINANCIAL EFFECTS OF THE JVA
The JVA will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, earnings, earnings per share, net assets per share and gearing of ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the JVA will contribute positively to the earnings and earnings per share of the ICB Group in the future.
9. APPROVALS REQUIRED
The JVA does not require the approval of ICB's shareholders or any other relevant government authorities in Malaysia.
10. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in WRP and/or the JVA.
11. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the proposed joint venture (including but not limited to the rationale, prospects and financial effects of the JVA), is of the opinion that the JVA is fair, reasonable and is in the best interest of the ICB Group.
12. DOCUMENT FOR INSPECTION
The JVA is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, for a period of three (3) months from the date of this announcement.
This announcement is dated 2 June 2010.
KZEN - NOTICE OF THE SIXTH (6) ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: KZEN SOLUTIONS BERHAD (ACE Market)
Stock Name: KZEN
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE SIXTH (6) ANNUAL GENERAL MEETING
Contents: Notice is hereby given that the Sixth (6th) Annual General Meeting ("AGM") of KZEN SOLUTIONS BERHAD will be held on Thursday, 24 June 2010 at 10.00am at Mont' Kiara Business Centre, Auditorium 1, Suite D-D3-01, Plaza Mont' Kiara, No 2, Jalan Kiara, Mont' Kiara, 50480, Kuala lumpur.
Kindly refer to the attached file for full details of the Notice. Thank you.
Attachments: KZEN Press Ad.pdf
Company Name: KZEN SOLUTIONS BERHAD (ACE Market)
Stock Name: KZEN
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE SIXTH (6) ANNUAL GENERAL MEETING
Contents: Notice is hereby given that the Sixth (6th) Annual General Meeting ("AGM") of KZEN SOLUTIONS BERHAD will be held on Thursday, 24 June 2010 at 10.00am at Mont' Kiara Business Centre, Auditorium 1, Suite D-D3-01, Plaza Mont' Kiara, No 2, Jalan Kiara, Mont' Kiara, 50480, Kuala lumpur.
Kindly refer to the attached file for full details of the Notice. Thank you.
Attachments: KZEN Press Ad.pdf
KRETAM - Kretam Holdings Berhad ("the Company") Notice of Twenty-Second Annual General Meeting ("AGM")
Announcement Type: General Announcement
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Kretam Holdings Berhad ("the Company")
Notice of Twenty-Second Annual General Meeting ("AGM")
Contents: The TWENTY-SECOND ANNUAL GENERAL MEETING of the Company will be held at the Registered Office of the Company at Lot 6, Block 44, Leboh Tiga, 90000 Sandakan, Sabah on Thursday, 24 June 2010 at 11.30a.m.
Attachments: Notice of AGM 2010.pdf
Company Name: KRETAM HOLDINGS BERHAD
Stock Name: KRETAM
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Kretam Holdings Berhad ("the Company")
Notice of Twenty-Second Annual General Meeting ("AGM")
Contents: The TWENTY-SECOND ANNUAL GENERAL MEETING of the Company will be held at the Registered Office of the Company at Lot 6, Block 44, Leboh Tiga, 90000 Sandakan, Sabah on Thursday, 24 June 2010 at 11.30a.m.
Attachments: Notice of AGM 2010.pdf
KTB - NOTICE OF THE SIXTH ANNUAL GENERAL MEETING (Amended Announcement)
Announcement Type: General Announcement
Company Name: KONSORTIUM TRANSNASIONAL BERHAD
Stock Name: KTB
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE SIXTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of Konsortium Transnasional Berhad ("the Company") is pleased to announce that the Sixth Annual General Meeting ("6th AGM") of the Company will be held at the Function Room, Level 2, Kuala Lumpur International Hotel, Jalan Raja Muda Abd Aziz, 50738 Kuala Lumpur on Friday, 25 June 2010 at 10.00 a.m.
The full text of the Notice of the 6th AGM is attached herewith for your attention and reference.
Attachments: Notice AGM.pdf
Company Name: KONSORTIUM TRANSNASIONAL BERHAD
Stock Name: KTB
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE SIXTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of Konsortium Transnasional Berhad ("the Company") is pleased to announce that the Sixth Annual General Meeting ("6th AGM") of the Company will be held at the Function Room, Level 2, Kuala Lumpur International Hotel, Jalan Raja Muda Abd Aziz, 50738 Kuala Lumpur on Friday, 25 June 2010 at 10.00 a.m.
The full text of the Notice of the 6th AGM is attached herewith for your attention and reference.
Attachments: Notice AGM.pdf
CVIEW - Outstanding Related Party Receivables
Announcement Type: General Announcement
Company Name: COUNTRY VIEW BERHAD
Stock Name: CVIEW
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Outstanding Related Party Receivables
Contents: Pursuant to a directive from Bursa Malaysia Securities Berhad via thier letter dated 21 May 2010, the Company wishes to announce the status of the outstanding related party receivables (which have been outstanding for more than 12 months and which have not been fully settled) as follow.
1. The ageing band on total outstanding related party receivables as at 28 February 2010 (the last quarterly financial date announced)as set out in the table below.
2. The Company shall be taking the following steps to recover the outstanding related party receivables:
(i) To issue legal notices of demand
(ii) To actively meet and negotiate with related parties to pursue the outstanding receivables
(iii) And thereafter, to commence legal action to recover outstanding receivable in the event of failure to recover through negotiations.
3. The Company expects to fully recover the debts by 30 June 2011.
Company Name: COUNTRY VIEW BERHAD
Stock Name: CVIEW
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Outstanding Related Party Receivables
Contents: Pursuant to a directive from Bursa Malaysia Securities Berhad via thier letter dated 21 May 2010, the Company wishes to announce the status of the outstanding related party receivables (which have been outstanding for more than 12 months and which have not been fully settled) as follow.
1. The ageing band on total outstanding related party receivables as at 28 February 2010 (the last quarterly financial date announced)as set out in the table below.
2. The Company shall be taking the following steps to recover the outstanding related party receivables:
(i) To issue legal notices of demand
(ii) To actively meet and negotiate with related parties to pursue the outstanding receivables
(iii) And thereafter, to commence legal action to recover outstanding receivable in the event of failure to recover through negotiations.
3. The Company expects to fully recover the debts by 30 June 2011.
TEKALA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back: 02/06/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 42,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.730
Total consideration paid ($$): 30,660.00
Number of shares purchased retained in treasury (units): 42,000
Cumulative net outstanding treasury shares as at to-date (units): 10,648,500
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.96
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back: 02/06/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 42,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.730
Total consideration paid ($$): 30,660.00
Number of shares purchased retained in treasury (units): 42,000
Cumulative net outstanding treasury shares as at to-date (units): 10,648,500
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.96
TEKALA - Notice of Shares Buy Back by a Company pursuant to Form 28A
Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back from: 24/05/2010
Date of buy back to: 27/05/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 133,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.740
Total amount paid for shares purchased ($$): 97,210.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 133,000
Total number of shares retained in treasury (units): 10,606,500
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 02/06/2010
Lodged by: Tekala Corporation Berhad
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back from: 24/05/2010
Date of buy back to: 27/05/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 133,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.740
Total amount paid for shares purchased ($$): 97,210.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 133,000
Total number of shares retained in treasury (units): 10,606,500
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 02/06/2010
Lodged by: Tekala Corporation Berhad
LITRAK - LITRAK-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: LINGKARAN TRANS KOTA HOLDINGS BERHAD
Stock Name: LITRAK
Date Announced: 02/06/2010
Announcement Detail:
Subject: LITRAK-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 39,000 new ordinary shares of RM0.20 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 4 June 2010.
Company Name: LINGKARAN TRANS KOTA HOLDINGS BERHAD
Stock Name: LITRAK
Date Announced: 02/06/2010
Announcement Detail:
Subject: LITRAK-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 39,000 new ordinary shares of RM0.20 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 4 June 2010.
HUBLINE - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HUBLINE BERHAD
Stock Name: HUBLINE
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back: 02/06/2010
Description of shares purchased: Ordinary Shares of RM0.20 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 270,000
Minimum price paid for each share purchased ($$): 0.165
Maximum price paid for each share purchased ($$): 0.170
Total consideration paid ($$): 46,134.34
Number of shares purchased retained in treasury (units): 0
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,361,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.01
Company Name: HUBLINE BERHAD
Stock Name: HUBLINE
Date Announced: 02/06/2010
Announcement Detail:
Date of buy back: 02/06/2010
Description of shares purchased: Ordinary Shares of RM0.20 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 270,000
Minimum price paid for each share purchased ($$): 0.165
Maximum price paid for each share purchased ($$): 0.170
Total consideration paid ($$): 46,134.34
Number of shares purchased retained in treasury (units): 0
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,361,000
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
KENMARK - Kenmark Industrial Co. (M) Berhad ("KENMARK" or "the Company")
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad ("KENMARK" or "the Company")
Contents: The Independent Directors has today received a letter through the e-mail from Mr Hwang Ding Kuo @ James Hwang, the Managing Director of Kenmark Industrial Co. (M) Berhad ("Kenmark") informing of his present whereabout. Mr James Hwang has also requested the Company to release a press statement for him.
Mr James Hwang in his letter has stated that he has been unwell and unconscious and was also uncontactable. He has now regained full consciousness but still physically weak. In the letter Mr James Hwang has proposed the appointment of Mr Ho Soo Woon, Encik Ahmed Azhar Bin Abdullah, Mr Woon Wai En, Datuk Abd. Gani Bin Yusof to manage the issues that have arisen in his absence. Two are proposed to be Executive Directors.
The Independent Directors will convene a meeting tomorrow morning by teleconference with the Taiwanese directors to consider the appointment and make the necessary announcement.
This announcement is dated 2 June 2010.
Attachments: img005.pdf
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 02/06/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad ("KENMARK" or "the Company")
Contents: The Independent Directors has today received a letter through the e-mail from Mr Hwang Ding Kuo @ James Hwang, the Managing Director of Kenmark Industrial Co. (M) Berhad ("Kenmark") informing of his present whereabout. Mr James Hwang has also requested the Company to release a press statement for him.
Mr James Hwang in his letter has stated that he has been unwell and unconscious and was also uncontactable. He has now regained full consciousness but still physically weak. In the letter Mr James Hwang has proposed the appointment of Mr Ho Soo Woon, Encik Ahmed Azhar Bin Abdullah, Mr Woon Wai En, Datuk Abd. Gani Bin Yusof to manage the issues that have arisen in his absence. Two are proposed to be Executive Directors.
The Independent Directors will convene a meeting tomorrow morning by teleconference with the Taiwanese directors to consider the appointment and make the necessary announcement.
This announcement is dated 2 June 2010.
Attachments: img005.pdf
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