June 17, 2010

Company announcements: KPS, MSC, HSL, SUNCITY, ANNJOO, BERNAS, MULTICO, YUNKONG

KPS - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name: KPS
Date Announced: 16/06/2010

Announcement Detail:
Date of change: 16/06/2010

Type of change: Appointment

Designation: Director

Directorate: Independent & Non Executive

Name: YB KAMARUL BAHARIN BIN ABBAS

Age: 63

Nationality: MALAYSIAN

Qualifications: Diploma in Business Studies (ITM)
Diploma in Marketing (UK)
Member of Institute of Marketing (UK)

Working experience and occupation: Member of Parliament - Teluk Kemang
Tenaga Ehsan Sdn Bhd - Executive Chairman, 1987
Pernas Trading Sdn Bhd - Sales Manager, 1971 - 1974
Nestle Products (M) Ltd - Marketing Executive, 1968 - 1971

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


MSC - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: MALAYSIA SMELTING CORPORATION BERHAD
Stock Name: MSC
Date Announced: 16/06/2010

Announcement Detail:
Date of change: 16/06/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: LIM SIT CHEN LAM PAK NG

Age: 63

Nationality: CANADIAN

Qualifications: MBA Degree at the Graduate School of Business of Columbia University, New York, USA

Working experience and occupation: Mr Lam is the founding partner of Stewardship Consulting, a strategy consulting firm working with senior executives in the area of corporate strategy, corporate and industry restructuring, financial strategy, corporate finance and risk management, with offices in Singapore and Paris, France.

Born in Mauritius and presently a Canadian citizen, Mr Lam serves as the Chairman of the Board of Investment, Mauritius, the Government Agency responsible to market Mauritius to foreign investors, make policy recommendations to Government and implement these in order to transform Mauritius into a regional business centre so as to provide a good standard of living in terms of employment, business opportunities, and social mobility for the population of Mauritius. He also works with the investment promotion agencies of Burkina Faso, Kenya, Madagascar, Mozambique, Tanzania Uganda, and Zambia to assist them in improving their business climate and attract foreign investors.

Mr Lam is also a member of the Presidential Investors' Advisory Council of Burkina Faso in West Africa, Chairman of Axyss Leasing Co. Ltd in Mauritius, a director on the Board of AfrAsia Bank Ltd of Mauritius as well as a member of the Consultative Group on the Employing Workers Indicator of the Doing Business Index of the World Bank and IFC.

Prior to Stewardship Consulting, Mr Lam was in investment banking where he accumulated 18 years of experience in the areas of financial strategy, money management, and treasury and risk management. He has worked in the major financial centers: Singapore, New York, Tokyo and London advising multinationals, government agencies, fund management companies.

Directorship of public companies (if any): AfrAsia Bank Ltd, Mauritius

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): 1. Mr Norman Ip Ka Cheung (Non-Independent Non-Executive Director) - Member

2. En Razman Bin Ariffin (Independent Non-Executive Director) - Member


MSC - Change in Audit Committee (Amended Announcement)

Announcement Type: Change in Audit Committee
Company Name: MALAYSIA SMELTING CORPORATION BERHAD
Stock Name: MSC
Date Announced: 16/06/2010

Announcement Detail:
Date of change: 16/06/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Lim Sit Chen Lam Pak Ng

Age: 63

Nationality: Canadian

Qualifications: MBA Degree at the Graduate School of Business of Columbia University, New York, USA

Working experience and occupation: Mr Lam is the founding partner of Stewardship Consulting, a strategy consulting firm working with senior executives in the area of corporate strategy, corporate and industry restructuring, financial strategy, corporate finance and risk management, with offices in Singapore and Paris, France.

Born in Mauritius and presently a Canadian citizen, Mr Lam serves as the Chairman of the Board of Investment, Mauritius, the Government Agency responsible to market Mauritius to foreign investors, make policy recommendations to Government and implement these in order to transform Mauritius into a regional business centre so as to provide a good standard of living in terms of employment, business opportunities, and social mobility for the population of Mauritius. He also works with the investment promotion agencies of Burkina Faso, Kenya, Madagascar, Mozambique, Tanzania Uganda, and Zambia to assist them in improving their business climate and attract foreign investors.

Mr Lam is also a member of the Presidential Investors' Advisory Council of Burkina Faso in West Africa, Chairman of Axyss Leasing Co. Ltd in Mauritius, a director on the Board of AfrAsia Bank Ltd of Mauritius as well as a member of the Consultative Group on the Employing Workers Indicator of the Doing Business Index of the World Bank and IFC.

Prior to Stewardship Consulting, Mr Lam was in investment banking where he accumulated 18 years of experience in the areas of financial strategy, money management, and treasury and risk management. He has worked in the major financial centers: Singapore, New York, Tokyo and London advising multinationals, government agencies, fund management companies.

Directorship of public companies (if any): AfrAsia Bank Ltd, Mauritius

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): 1. En Razman Bin Ariffin (Independent Non-Executive Director) - Chairman

2. Mr Norman Ip Ka Cheung (Non-Independent Non-Executive Director) - Member

3. Mr Lim Sit Chen Lam Pak Ng (Independent Non-Executive Director) - Member


MSC - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: MALAYSIA SMELTING CORPORATION BERHAD
Stock Name: MSC
Date Announced: 16/06/2010

Announcement Detail:
Date of change: 16/06/2010

Type of change: Appointment

Designation: Chairman of Audit Committee

Directorate: Independent & Non Executive

Name: Razman Bin Ariffin

Age: 62

Nationality: Malaysian

Qualifications: Graduated from the Imperial College of Science and Technology at the University of London, England with First Class Honours in Mining Engineering.

Working experience and occupation: En Razman has extensive experience in the mining, metallurgical and energy industries spanning over 35 years. Beginning his career at Osborne & Chappel Sdn. Bhd. in 1972, En Razman served as Production and Planning Engineer before moving on to Sarawak Shell Berhad as Petroleum Engineer. He was then attached to the MMC Corporation Berhad Group Of Companies serving in various capacities over the years. He was the General Manager of Malaysia Smelting Corporation Berhad from 1985 to 1989 and the Chief Executive Officer of the Company from 1989. He left the Company in 1994 to become Senior Consultant at Turnaround Managers Inc. He has also served as Managing Director of Trenergy (M) Berhad and Crest Petroleum Berhad, both companies listed on Bursa Malaysia.

Currently, he is an independent strategic and corporate consultant. He is a past Chairman of the Malaysian Section of the Institute of Materials, Minerals and Mining, and had also served on the Council of the Institute of Mineral Engineering, Malaysia.

Directorship of public companies (if any): A director of The Straits Trading Company Limited of Singapore, which is the immediate holding company of Malaysia Smelting Corporation 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: En Razman holds 67,000 ordinary shares of RM1.00 each in the Company.

Composition of Audit Committee (Name and Directorate of members after change): 1. En Razman Bin Ariffin (Independent Non-Executive Director) - Chairman

2. Mr Norman Ip Ka Cheung (Non-Independent Non-Executive Director) - Member

3. Mr Lim Sit Chen Lam Pak Ng (Independent Non-Executive Director) - Member


HSL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HOCK SENG LEE BERHAD
Stock Name: HSL
Date Announced: 16/06/2010

Announcement Detail:
Date of buy back: 16/06/2010

Description of shares purchased: Ordinary shares of RM0.20 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 400,000

Minimum price paid for each share purchased ($$): 1.500

Maximum price paid for each share purchased ($$): 1.510

Total consideration paid ($$): 601,000.00

Number of shares purchased retained in treasury (units): 400,000

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

Cumulative net outstanding treasury shares as at to-date (units): 33,579,100

Adjusted issued capital after cancellation (no. of shares) (units): 582,676,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.76


SUNCITY - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 16/06/2010

Announcement Detail:
Type: Announcement

Subject: SUNWAY CITY BERHAD ("SUNCITY")
- PROPOSED ESTABLISHMENT AND LISTING OF SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") ON BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED LISTING")

Contents: We refer to the previous announcements dated 7 April 2010, 7 May 2010, 21 May 2010, 31 May 2010, 1 June 2010 and 15 June 2010 in relation to the Proposed Listing ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board of Directors of SunCity, RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that the Trustee on behalf of Sunway REIT had on 16 June 2010 entered into a Facilities Agreement and the security documents in relation to a term loan facility of RM1,000 million and a revolving credit facility of RM150 million (collectively referred to as "Facility"). The Facility is granted by a syndicate of lead arrangers comprising RHB Bank Berhad, HSBC Bank (Malaysia) Berhad, CIMB Bank Berhad, OCBC Bank (Malaysia) Berhad and Public Bank Berhad. The term loan is to be used to partially finance the acquisition of the Properties by Sunway REIT and to provide the reserve for the debt service reserve account whilst the revolving credit facility is to be used for working capital requirements.

The vendors of Properties which are currently encumbered will use part of the proceeds arising from the disposal to repay the loans presently secured on them, to enable the Properties to be delivered free from encumbrances to the Trustee.

This announcement is dated 16 June 2010.

"This announcement is not an offer of securities for sale in the United States or elsewhere. The Units of the REIT are not being registered under the US Securities Act of 1933, as amended (the Securities Act) and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Units of the REIT in the United States."


ANNJOO - 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: ANN JOO RESOURCES BERHAD
Stock Name: ANNJOO
Date Announced: 16/06/2010

Announcement Detail:
Date of buy back from: 02/06/2010

Date of buy back to: 02/06/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 10,000

Minimum price paid for each share purchased ($$): 2.240

Maximum price paid for each share purchased ($$): 2.240

Total amount paid for shares purchased ($$): 22,400.00

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 10,000

Total number of shares retained in treasury (units): 20,580,800

Number of shares purchased which were cancelled (units): 0

Total issued capital as diminished: NA

Date lodged with registrar of companies: 16/06/2010

Lodged by: Epsilon Advisory Services Sdn Bhd


BERNAS - General Announcement

Announcement Type: General Announcement
Company Name: PADIBERAS NASIONAL BERHAD
Stock Name: BERNAS
Date Announced: 16/06/2010

Announcement Detail:
Type: Announcement

Subject: PROPOSED ACQUISITION BY BERAS CORPORATION SDN BHD ("BCSB" OR "THE PURCHASER") OF 697,500 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 45% EQUITY INTEREST IN SABARICE SDN BHD ("SABARICE")FROM TAN KIEN CHONG SDN BHD ("TKCSB" OR "THE VENDOR")

Contents: We refer to our announcements dated 24 May 2010 and 26 May 2010 in relation to the above.

BERNAS is pleased to announce that the Proposed Acquisition has been completed today. With the completion of the Proposed Acquisition, Sabarice is now a wholly-owned subsidiary of BCSB.

This announcement is dated 16 June 2010.


MULTICO - PURCHASE OF FACTORY LAND AND BUILDING BY MULTI-CODE TECHNOLOGIES (M) SDN. BHD.

Announcement Type: General Announcement
Company Name: MULTI-CODE ELECTRONICS INDUSTRIES (M) BHD
Stock Name: MULTICO
Date Announced: 16/06/2010

Announcement Detail:
Type: Announcement

Subject: PURCHASE OF FACTORY LAND AND BUILDING BY MULTI-CODE TECHNOLOGIES (M) SDN. BHD.

Contents: (1) INTRODUCTION

The Board of Directors of MULTI-CODE ELECTRONICS INDUSTRIES (M) BERHAD ("MCE" or "the Company") wishes to announce that Multi-Code Technologies (M) Sdn. Bhd. ("MCT"), a wholly-owned subsidiary has entered into a Sale and Purchase Agreement ("SPA") dated 16 June 2010 to purchase all that piece of leasehold industrial land held under H.S.(D) 117477 PT No. 119984, Mukim Klang, Daerah Klang, Negeri Selangor measuring approximately 8,296 square meter together with a one storey factory cum a three storey office erected thereon bearing postal address of Lot PT 119984 , Jalan Canang Emas 7, Off Jalan Telok Gong, Klang (hereinafter referred to as "the said factory land and building") from LHH & Sons Sdn. Bhd. for a total purchase consideration of RM9,450,000-00.

(2) INFORMATION ON MCT AND VENDOR

2.1 MCT

MCT was incorporated under the Companies Act, 1965 on 9 June 2010. The present authorised capital of MCT is RM1,000,000-00 divided into 1,000,000 ordinary shares of RM1-00 each and its issued and paid up capital comprised of RM2-00 divided into 2 shares of RM1-00 each fully paid. The principal activity of MCT is to carry on business of manufacturers and assemblers of automotive lightings.

2.2 VENDOR

LHH & Sons Sdn. Bhd. was incorporated under the Companies Act 1965 in Malaysia on 3 September 2003. The present authorised share capital of LHH & Sons Sdn. Bhd. is RM100,000-00 divided into 100,000 shares of RM1-00 each and its issued and paid up share capital comprised of RM2-00 divided into 2 shares of RM1-00 each.

(3) DETAILS OF CONSIDERATION AND SOURCE OF FUNDING

The purchase consideration for the said factory land and building of RM9.45 million was transacted at arms' length and arrived at on a willing buyer and willing seller basis and will be financed by bank borrowing and internal funds.

Pursuant to the SPA, the terms and conditions for payment in respect of the purchase consideration is as follows:-

3.1 DEPOSIT

MCT has paid a 10% deposit amounting to RM945,000 (Ringgit Malaysia Nine Hundred and Forty Five Thousand) as follows which shall be part payment towards the purchase price:

(a) prior to the execution of the SPA, MCT has paid to the Vendor the sum of RM189,000-00 only as earnest money; and
(b) upon the execution of the SPA, MCT shall pay to the Vendor the sum of RM756,000-00 as balance deposit to the Vendor's solicitors as stakeholder.

3.2 BALANCE PURCHASE PRICE

The Balance Purchase Price of RM8,505,000-00 shall be paid in the manner and time as stipulated in the SPA which is briefly summarised as follows:-

MCT will pay or cause to be paid the Balance Purchase Price within 3 months from the date of :-

(i) the receipt of the consent to transfer the said factory land and building from the Vendor to MCT being obtained from the relevant State Authority; and
(ii) the issuance of the certificate of fitness for occupation or certificate of completion and compliance, whichever is relevant, by the relevant authority.

In the event MCT is unable to pay the balance purchase price on or before the completion date, it has been agreed that the Vendor shall irrevocably and automatically grant to the MCT an extension period of one (1) month with 8% interest per annum calculated on daily basis.

(4) RATIONALE

MCT as stated has been incorporated to carry on the business of manufacturers and assemblers of automotive lightings. MCE intends to assemble and supply lamps for the automotive industry. MCE has secured a Letter of Intent from a major customer for the development and supply of a rear combination lamp and the newly incorporated subsidiary, MCT is to carry on this business.

The purchase of the said factory land and building will enable the Group to:-

(i) Establish and set up the production and assembly plant for manufacturing and assembling of the automotive lamps and related parts by MCT;
(ii) Relocate and centralise its existing Business Development, Marketing and Service Office together with the warehousing, sub-assembly and logistics which is currently operating from a rented premises in Shah Alam, Selangor.

(5) EFFECT OF THE PURCHASE OF FACTORY LAND AND BUILDING

The purchase of the said factory land and building will not have any effect on the share capital and substantial shareholders' shareholdings in the Company.

The transaction is expected to be completed after the financial year ending 31st July 2010 and therefore is not expected to have any immediate effect on the earnings per share, the net assets and gearing of MCE for the financial year ending 31st July 2010, but is expected to position and enable the Group to execute its business objectives and operations in a more efficient and constructive manner.

The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02(g) of Bursa Malaysia Securities Berhad Listing Requirements is 22.87%.

(6) APPROVALS REQUIRED

The purchase of the said factory land and building is not subject to the approvals of shareholders of MCE or any relevant authorities.

(7) DIRECTORS AND/OR MAJOR SHAREHOLDERS INTEREST

None of the directors and/or substantial shareholders and/or persons connected to such directors and substantial shareholders of the Company have any interest, direct or indirect, in respect of the purchase of the said factory land and building.

(8) STATEMENT BY THE BOARD OF DIRECTORS

Taking into consideration all aspects of the purchase of the said factory land and building, all members of the Board of Directors are of the opinion that the purchase of the said factory land and building is in the ordinary course of business and so far as can be ascertained is in the best interest of the Company.

This announcement is dated 16 June 2010.


YUNKONG - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: YUNG KONG GALVANISING INDUSTRIES BHD
Stock Name: YUNKONG
Date Announced: 16/06/2010

Announcement Detail:
Type: Announcement

Subject: YUNG KONG GALVANISING INDUSTRIES BERHAD ("YKGI" OR "COMPANY")

(I) PROPOSED ISSUANCE OF 21,726,100 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") ("PROPOSED RCPS ISSUANCE"); AND

(II) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF YKGI ("PROPOSED AMENDMENTS")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents: We refer to YKGI's announcement dated 4 March 2010 in relation to the Proposals.

On behalf of YKGI, AmInvestment Bank Berhad, a member of the AmInvestment Bank Group, is pleased to announce that Bank Negara Malaysia ("BNM") has, via its letter dated 2 June 2010 approved the Proposed RCPS Issuance.

The approval of BNM is conditional upon the following:-

(a) receipt of approval and compliance with the conditions imposed by the relevant authorities in Malaysia;

(b) for redemption of the RCPS in foreign currency or in Ringgit Malaysia to be made into the foreign account of Nippon Steel Corporation which is maintained in Malaysia, where each redemption and dividend exceeds RM200,000, YKGI will need to declare information required by local licensed banks (commercial bank, bank Islam or local licensed investment bank) in order for YKGI to make such payments; and

(c) approval should be obtained from the Foreign Exchange Administration for any changes to the terms and purpose of the RCPS by completing the Form ECM10G.

The Proposed RCPS Issuance is now pending the approval of the Ministry of International Trade and Industry and the shareholders of YKGI in an extraordinary general meeting to be convened and the approval of the Bursa Malaysia Securities Berhad ("Bursa Securities") for the listing of and quotation for the new ordinary shares of RM0.50 each arising from the exercise of the RCPS, if any, on the Main Market of Bursa Securities.

This announcement is dated 16 June 2010



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