June 29, 2010

Company announcements: ORIENT, SUNWAY, SAPRES, KMLOONG, KENCANA, SOP, PENERGY, SAB, LBS

ORIENT - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: ORIENTAL HOLDINGS BERHAD
Stock Name: ORIENT
Date Announced: 29/06/2010

Announcement Detail:
Date of change: 29/06/2010

Type of change: Resignation

Designation: Director

Directorate: Independent & Non Executive

Name: Dato' Loh Say Bee

Age: 85

Nationality: Malaysian

Qualifications: He completed primary education in China.

Working experience and occupation: He has over 51 years of experience in property development. He is the advisor to various development companies namely, Perumahan Concord Sdn Bhd, Seberang Perai Resort Berhad, Union Enterprise Sdn Bhd. He was also a Board Member of Southern Bank Berhad in the 1960's. He is the Chairman of Loh Say Bee Sdn Bhd, the Managing Director of Sri Pinang Development Sdn Bhd and a director of The Corner Properties Berhad.

Directorship of public companies (if any): The Corner Properties 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: 44,642 ordinary stocks of RM1.00 each


SUNWAY - SUNWAY HOLDINGS BERHAD ("SUNWAY") - 31ST AND 32ND ANNUAL GENERAL MEETINGS

Announcement Type: General Announcement
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 29/06/2010

Announcement Detail:
Type: Announcement

Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
- 31ST AND 32ND ANNUAL GENERAL MEETINGS

Contents: We refer to the 31st and 32nd Annual General Meetings ("AGMs") of Sunway held today and are pleased to inform that all resolutions tabled at the said AGMs were duly passed by the shareholders.

This announcement is dated 29 June 2010.


SAPRES - Quarterly rpt on consolidated results for the financial period ended 30/4/2010

Announcement Type: Financial Results
Company Name: SAPURA RESOURCES BERHAD
Stock Name: SAPRES
Date Announced: 29/06/2010

Announcement Detail:
Financial Year End: 31/01/2011

Quarter: 1

Quarterly report for the financial period ended: 30/04/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


KMLOONG - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 29/06/2010

Announcement Detail:
EX-date: 30/07/2010

Entitlement date: 03/08/2010

Entitlement time: 04:00:00 PM

Entitlement subject: Final Dividend

Entitlement description: single tier tax exempt dividend of 6% in respect of the year ended 31 January 2010

Period of interest payment: to

Financial Year End: 31/01/2010

Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no: Tacs Corporate Services Sdn. Bhd.
Unit No. 203, 2nd Floor,
Block C,Damansara Intan,
No. 1, Jalan SS20/27,
47400 Petaling Jaya.
Tel No. 03-71182688

Payment date: 18/08/2010

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/08/2010

Entitlement indicator: Percentage

Entitlement in percentage (%): 6

Remarks: Subject to shareholders' approval at the forthcoming 35th Annual General Meeting


KMLOONG - Quarterly rpt on consolidated results for the financial period ended 30/4/2010

Announcement Type: Financial Results
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 29/06/2010

Announcement Detail:
Financial Year End: 31/01/2011

Quarter: 1

Quarterly report for the financial period ended: 30/04/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


KENCANA - AWARD OF CONTRACT FOR OFFSHORE SERVICES

Announcement Type: General Announcement
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 29/06/2010

Announcement Detail:
Type: Announcement

Subject: AWARD OF CONTRACT FOR OFFSHORE SERVICES

Contents: INTRODUCTION

The Board of Directors of Kencana Petroleum Berhad ("Kencana Petroleum" or "the Company") is pleased to announce that its wholly owned subsidiary, Kencana HL Sdn. Bhd. received a work order from PETRONAS Carigali Sdn. Bhd. ("PCSB") for the provision of Hook-up and Commissioning for Kanowit CPP Platform located offshore Sabah ("the Work Order").


INFORMATION OF THE WORK ORDER

The Work Order forms part of the contract from PCSB for the provision of hook-up and commissioning service of PCSB's facilities from 2007 to 2010. The value of the Work Order is for the lump sum of RM33.9 million and it is expected to be fully completed by November 2010.


FINANCIAL EFFECTS

The Work Order is expected to contribute positively to the earnings of Kencana Petroleum Group for the financial year ending 31 July 2011.


RISK FACTORS

Risk factors affecting the Work Order include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such projects.

As such, the management believe that the Company is able mitigate the abovementioned risk factors


DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in the Work Order.


DIRECTORS' STATEMENT

The Board of Directors of Kencana Petroleum is of the opinion that the acceptance of the Work Order is in the best interest of the Company.

This announcement is dated 29 June 2010.


SOP - General Announcement

Announcement Type: General Announcement
Company Name: SARAWAK OIL PALMS BERHAD
Stock Name: SOP
Date Announced: 29/06/2010

Announcement Detail:
Type: Announcement

Subject: AMENDED ANNOUNCEMENT - CONSTRUCTION OF 11.7 KM ROAD FROM BAKONG TOWN TO LOT 1207, BLOCK 0, PUYUT LAND DISTRICT AND TWO (2) UNITS OF BARGES ("THE WORK")

Contents: CONSTRUCTION OF 11.7 KM ROAD FROM BAKONG TOWN TO LOT 1207, BLOCK 0, PUYUT LAND DISTRICT AND TWO (2) UNITS OF BARGES ("THE WORK")

1. INTRODUCTION

Pursuant to Paragraph 10.08(1) of the Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of SOPB ("Board") wishes to announce that the Company had on 3 May 2010, vide a subsidiary of SOPB namely SOP Plantations (Beluru) Sdn Bhd ("BELURU") and four (4) others, had entered into an agreement with Shin Yang Sdn Bhd ("SYSB"), a company deemed related to the substantial shareholders of the Company i.e. Shin Yang Plantations Sdn Bhd ("SYPSB").

2. DETAILS OF TRANSACTION

The purpose of the Agreement is appoint SYSB as an Contractor to construct an access road containing approximately 11.7 kilometres with two (2) units of Barges from Bakong Town to Lot 1207, Block 0, Puyut Land District in the best interest of the oil palm plantations development.

The total consideration of the Transaction was RM6,000,000.00 (whereby RM4,500,000.00 for the construction of the Road and RM1,500,000.00 for two (2) units of Barges.

The Parties has agreed to accept delivery and agreed to pay to the Contractor "as is where is" of the abovementioned Transaction.


3. INFORMATION ON BELURU

BELURU, a company incorporated under the Companies Act 1965 with limited liability on 24 February 1983. The principal activities of BELURU is cultivation of oil palms.

The current authorised share capital of BELURU is RM 100,000,000.00 divided into 79,000,000 ordinary shares of RM 1.00 each and 21,000,000 preference shares of RM1.00 each, in which RM 39,000,000.00 ordinary shares are issued and fully paid up.

The current shareholders of BELURU are SOPB holding an equity of 60.0% and Shin Yang Holding Sdn Bhd with an equity of 40%.


4. INFORMATION ON SYSB

SYSB, a company incorporated under the Companies Act 1965 with limited liability on 24 February 1983. The principal activities of SYSB are logging operations, log trading, investing in realty, letting of premises and hiring of plant and machinery.

The current authorised share capital of SYSB is RM 100,000,000.00 divided into 90,000,000 ordinary shares of RM 1.00 each and 10,000,000 preference shares of RM1.00 each, in which 6,000,000.00 ordinary shares and 2,500,000 preference shares are issued and fully paid up.

The current shareholder of SYSB is a wholly owned subsidiary of Shin Yang Corporation Sdn Bhd.

5. RATIONAL FOR THE TRANSACTION

The purpose of the transaction is to create an access road containing approximately 11.7 kilometres with two (2) units of Barges from Bakong Town to Lot 1207, Block 0, Puyut Land District which will facilitate the development of oil palms development on Lot 1207, Block 0, Puyut Land District.


6. FINANCIAL EFFECTS

(a) Share Capital and Shareholding Structure of the SOPB

There is no effect to the share capital and shareholding structure of SOPB as the Transaction will be satisfied by BELURU entirely via cash.

(b) NA

The Transaction will not have any effect on the NA per share of SOPB since the transaction will be satisfied by BELURU entirely via cash.

(c) Earnings

The Transaction is not expected to have any significant effect on the earnings of SOPB for the financial year ended 31 December 2010.


7. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
Datuk Ling Chiong Ho ("DLCH"), is the director and a shareholder of SOPB and a director of BELURU, is deemed interested in the Transaction by virtue of him being the representative and the shares held through SYPSB, a substantial shareholders of the SOPB. SYSB and SYPSB, the wholly owned subsidiaries of Shin Yang Corporation Sdn Bhd (SYCSB) of which SYCSB is a wholly owned subsidiary of Shin Yang Holding Sdn Bhd with 25.0% equity held by DLCH.
Ling Chiong Sing (LCS) is the director SOPB and BELURU, is deemed interested in the Transaction by virtue of him being the representative and the shares held through SYPSB, a substantial shareholders of the SOPB. SYSB and SYPSB, the wholly owned subsidiaries of Shin Yang Corporation Sdn Bhd (SYCSB) of which SYCSB is a wholly owned subsidiary of Shin Yang Holding Sdn Bhd with 25.0% equity held by LCS.

Ling Lu Kuang ("LLK"), is the director of SOPB and BELURU and being the son of Datuk Ling Chiong Ho, is deemed to have indirect interest by virtue being person connected to the Director and being the representatives of SYPSB.

Tang Tiong Ing ("TTI"), a SOPB, who is authorized representative and also employee of Shin Yang Group.

Save as disclosed above, none of the other directors, major shareholders and/or persons connected with them have any interest, direct and/ or indirect, in the Transaction.

8. DIRECTORS' STATEMENT

The Directors, other than DLCH, LCS, LLK and TTI are of the opinion that the Transactions are in the interest of the Company.


9. AUDIT COMMITTEE MEMBERS' STATEMENT

The Audit Committee is of the view that the Transactions is in the best interest of the SOPB Group and is fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders.


10. ESTIMATED TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances, the Transaction is expected within seven (7) months.


11. RISK FACTORS IN RELATION TO THE PROPOSED TRANSACTION

Insofar as the Board is aware, there is no material additional business risks associated with the Transaction as the business and operational risks arising from the Transaction are similar to those already experienced by the SOPB Group in its current activities and may no represent new risks to the Group's operations.


12. APPROVAL REQUIRED

The Transaction is not subject to the approval of any authorities and shareholders.


13. DOCUMENTS FOR INSPECTION

The Transaction may be inspected at the registered office of SOPB at No. 124 - 126, Jalan Bendahara, 98000 Miri, Sarawak during normal office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.

BY ORDER OF THE BOARD


PENERGY - Petra Energy Berhad ("PENERGY") - Fourth Annual General Meeting

Announcement Type: General Announcement
Company Name: PETRA ENERGY BERHAD
Stock Name: PENERGY
Date Announced: 29/06/2010

Announcement Detail:
Type: Announcement

Subject: Petra Energy Berhad ("PENERGY")
- Fourth Annual General Meeting

Contents: Please see announcement details below.


SAB - Financial Results

Announcement Type: Financial Results
Company Name: SOUTHERN ACIDS (M) BERHAD
Stock Name: SAB
Date Announced: 29/06/2010

Announcement Detail:
Financial Year End: 30/04/2010

Quarter: 4

Quarterly report for the financial period ended: 30/04/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


LBS - OUTSTANDING RELATED PARTY RECEIVABLES

Announcement Type: General Announcement
Company Name: LBS BINA GROUP BERHAD
Stock Name: LBS
Date Announced: 29/06/2010

Announcement Detail:
Type: Announcement

Subject: OUTSTANDING RELATED PARTY RECEIVABLES

Contents: With reference to the letter from Bursa Malaysia Securities Berhad dated 17 June 2010 (Ref. No. : BM/CSi-CS2/20100531/jess/PLC.LBS(440)), the Board of LBS Bina Group Berhad wishes to announce on the status of its outstanding receivables due, arising from the related party transactions which have been outstanding for more than twelve (12) months.

Please refer the attachment for details.

This announcement is dated 29 June 2010.

Attachments: RPT 31 3 2010.doc



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