PALETTE - General Announcement
Announcement Type: General Announcement
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR HIGH COURT SUIT NO: D3 (D4)-22-293-2004
PALETTE MULTIMEDIA BHD - vs
ASUSTEK COMPUTER INC & BUMIPUTRA-COMMERCE BANK BERHAD
Contents: Reference is made to the announcement dated 20 May 2004 and the various updates in the notes to the Quarterly Results.
The Board of Directors of Palette Multimedia Berhad wishes to inform that the decision of the Court in respect of the above suit is as follows:-
(i) Plaintiff's claims against the 1st Defendant are dismissed with costs;
(ii) Plaintiff's claims against the 2nd Defendant are dismissed with costs;
(iii) The 1st Defendant's counter-claims against the Plaintiff and the 2nd Defendant are allowed as follows:-
(a) The sum due under Letter of Credit of RM11,005,218.00 (USD 2,896,110.00 x 3.8);
(b) Recovery CD License Fee of RM9,500.00 (USD 2,500.00 x 3.8);
(c) Interest at the rate of 6% per annum on the sum of RM11,005,218.00 from 19 January 2004 to the date of full settlement; and
(d) Costs to be taxed unless agreed.
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR HIGH COURT SUIT NO: D3 (D4)-22-293-2004
PALETTE MULTIMEDIA BHD - vs
ASUSTEK COMPUTER INC & BUMIPUTRA-COMMERCE BANK BERHAD
Contents: Reference is made to the announcement dated 20 May 2004 and the various updates in the notes to the Quarterly Results.
The Board of Directors of Palette Multimedia Berhad wishes to inform that the decision of the Court in respect of the above suit is as follows:-
(i) Plaintiff's claims against the 1st Defendant are dismissed with costs;
(ii) Plaintiff's claims against the 2nd Defendant are dismissed with costs;
(iii) The 1st Defendant's counter-claims against the Plaintiff and the 2nd Defendant are allowed as follows:-
(a) The sum due under Letter of Credit of RM11,005,218.00 (USD 2,896,110.00 x 3.8);
(b) Recovery CD License Fee of RM9,500.00 (USD 2,500.00 x 3.8);
(c) Interest at the rate of 6% per annum on the sum of RM11,005,218.00 from 19 January 2004 to the date of full settlement; and
(d) Costs to be taxed unless agreed.
MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 04-06-2010
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 04-06-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.8078
Units in Circulation (units):790,500,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:731.93
Attachments: Daily Fund Values 040610.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 04-06-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.8078
Units in Circulation (units):790,500,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:731.93
Attachments: Daily Fund Values 040610.pdf
BURSA - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: BURSA MALAYSIA BERHAD
Stock Name: BURSA
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: BURSA MALAYSIA BERHAD ("BURSA MALAYSIA" OR "THE COMPANY")
PROPOSED ESTABLISHMENT OF A SHARE GRANT PLAN OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME ("PROPOSED SGP")
PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY ("PROPOSED AMENDMENT")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcement made by AmInvestment Bank Berhad ("AmInvestment Bank"), a member of the AmInvestment Bank Group, on behalf of the Company on 11 February 2010 in relation to the Proposals.
On behalf of the Board of Directors of Bursa Malaysia, AmInvestment Bank is pleased to announce that the Securities Commission of Malaysia ("SC") has vide its letter dated 3 June 2010 approved the Proposed SGP. Prior to the implementation of the Proposed SGP, Bursa Malaysia will obtain SC's approval on the operationalisation details and plans of the Proposed SGP as well as the specific performance targets set for the restricted share plan and performance share plan of the Proposed SGP as required by the SC.
The Proposed SGP is now pending the approval of the shareholders of Bursa Malaysia at an extraordinary general meeting to be convened. The details will be set out in a circular to shareholders, which is to be issued in due course.
This announcement is dated 4 June 2010.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: BURSA MALAYSIA BERHAD
Stock Name: BURSA
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: BURSA MALAYSIA BERHAD ("BURSA MALAYSIA" OR "THE COMPANY")
PROPOSED ESTABLISHMENT OF A SHARE GRANT PLAN OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME ("PROPOSED SGP")
PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY ("PROPOSED AMENDMENT")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcement made by AmInvestment Bank Berhad ("AmInvestment Bank"), a member of the AmInvestment Bank Group, on behalf of the Company on 11 February 2010 in relation to the Proposals.
On behalf of the Board of Directors of Bursa Malaysia, AmInvestment Bank is pleased to announce that the Securities Commission of Malaysia ("SC") has vide its letter dated 3 June 2010 approved the Proposed SGP. Prior to the implementation of the Proposed SGP, Bursa Malaysia will obtain SC's approval on the operationalisation details and plans of the Proposed SGP as well as the specific performance targets set for the restricted share plan and performance share plan of the Proposed SGP as required by the SC.
The Proposed SGP is now pending the approval of the shareholders of Bursa Malaysia at an extraordinary general meeting to be convened. The details will be set out in a circular to shareholders, which is to be issued in due course.
This announcement is dated 4 June 2010.
MELEWAR - MELEWAR- EXERCISE OF 1,333 WARRANTS ("EXERCISE")
Announcement Type: Listing Circular
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 04/06/2010
Announcement Detail:
Subject: MELEWAR- EXERCISE OF 1,333 WARRANTS ("EXERCISE")
Contents: Kindly be informed that the abovementioned Company's additional 1,333 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 8 June 2010.
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 04/06/2010
Announcement Detail:
Subject: MELEWAR- EXERCISE OF 1,333 WARRANTS ("EXERCISE")
Contents: Kindly be informed that the abovementioned Company's additional 1,333 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 8 June 2010.
ORIENT - NOTICE OF FORTY EIGHTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: ORIENTAL HOLDINGS BERHAD
Stock Name: ORIENT
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF FORTY EIGHTH ANNUAL GENERAL MEETING
Contents: NOTICE IS HEREBY GIVEN that the 48th Annual General Meeting of stockholders of the Company will be held on Tuesday, 29 June 2010 at 2:30 p.m. at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 Penang for the purposes as indicated in the notice attached.
The Notice of 48th Annual General Meeting dated 7 June 2010 is attached herewith.
Attachments: AGM notice -final.pdf
Company Name: ORIENTAL HOLDINGS BERHAD
Stock Name: ORIENT
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF FORTY EIGHTH ANNUAL GENERAL MEETING
Contents: NOTICE IS HEREBY GIVEN that the 48th Annual General Meeting of stockholders of the Company will be held on Tuesday, 29 June 2010 at 2:30 p.m. at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 Penang for the purposes as indicated in the notice attached.
The Notice of 48th Annual General Meeting dated 7 June 2010 is attached herewith.
Attachments: AGM notice -final.pdf
ORIENT - NOTICE OF EXTRAORDINARY GENERAL MEETING
Announcement Type: General Announcement
Company Name: ORIENTAL HOLDINGS BERHAD
Stock Name: ORIENT
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on Tuesday, 29 June 2010 at 3:00 p.m. at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 Penang for the purposes as indicated in the notice attached.
The Notice of Extraordinary General Meeting dated 7 June 2010 is attached herewith.
Attachments: EGM Notice-final.pdf
Company Name: ORIENTAL HOLDINGS BERHAD
Stock Name: ORIENT
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on Tuesday, 29 June 2010 at 3:00 p.m. at Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 Penang for the purposes as indicated in the notice attached.
The Notice of Extraordinary General Meeting dated 7 June 2010 is attached herewith.
Attachments: EGM Notice-final.pdf
UNISEM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: UNISEM (M) BERHAD
Stock Name: UNISEM
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: UNISEM (M) BERHAD ("UNISEM" OR "COMPANY")
(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE OF WARRANTS; AND
(II) PROPOSED ESOS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: (I) PROPOSED BONUS ISSUE OF 155,575,704 NEW ORDINARY SHARES OF RM0.50 EACH IN UNISEM ("BONUS SHARES") ON THE BASIS OF THREE (3) BONUS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.50 EACH IN UNISEM ("UNISEM SHARES") HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE");
(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 168,540,346 NEW WARRANTS IN UNISEM ("WARRANTS") ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY FOUR (4) EXISTING UNISEM SHARES HELD AFTER THE PROPOSED BONUS ISSUE AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE OF WARRANTS"); AND
(III) PROPOSED ESTABLISHMENT OF AN EXECUTIVES' SHARE OPTION SCHEME OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY FOR ELIGIBLE EXECUTIVES OF UNISEM AND ITS SUBSIDIARIES ("PROPOSED ESOS").
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: UNISEM (M) BERHAD
Stock Name: UNISEM
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: UNISEM (M) BERHAD ("UNISEM" OR "COMPANY")
(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE OF WARRANTS; AND
(II) PROPOSED ESOS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: (I) PROPOSED BONUS ISSUE OF 155,575,704 NEW ORDINARY SHARES OF RM0.50 EACH IN UNISEM ("BONUS SHARES") ON THE BASIS OF THREE (3) BONUS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.50 EACH IN UNISEM ("UNISEM SHARES") HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE");
(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 168,540,346 NEW WARRANTS IN UNISEM ("WARRANTS") ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY FOUR (4) EXISTING UNISEM SHARES HELD AFTER THE PROPOSED BONUS ISSUE AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE OF WARRANTS"); AND
(III) PROPOSED ESTABLISHMENT OF AN EXECUTIVES' SHARE OPTION SCHEME OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY FOR ELIGIBLE EXECUTIVES OF UNISEM AND ITS SUBSIDIARIES ("PROPOSED ESOS").
WASEONG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: WAH SEONG CORPORATION BERHAD
Stock Name: WASEONG
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 2.070
Maximum price paid for each share purchased ($$): 2.110
Total consideration paid ($$): 10,603.32
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 45,549
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.01
Company Name: WAH SEONG CORPORATION BERHAD
Stock Name: WASEONG
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 2.070
Maximum price paid for each share purchased ($$): 2.110
Total consideration paid ($$): 10,603.32
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 45,549
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
P&O - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PACIFIC & ORIENT BERHAD
Stock Name: P&O
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: PACIFIC & ORIENT BERHAD ("POB" OR THE "COMPANY")
(I) PROPOSED SHARE SPLIT; AND
(II) PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: On behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that the Company will be convening an extraordinary general meeting ("EGM") at Anggerik Room, Hotel Equatorial Kuala Lumpur, Jalan Sultan Ismail, 50250 Kuala Lumpur on Tuesday, 29 June 2010 at 1.00 p.m. or at any adjournment thereof, for the purpose of considering and, if thought fit, passing with or without modifications the resolutions pertaining to the Proposals.
The full text of the Notice of the EGM to be advertised in The New Straits Times on Monday, 7 June 2010 is attached herewith.
This announcement is dated 4 June 2010.
Attachments: POB Notice of EGM.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PACIFIC & ORIENT BERHAD
Stock Name: P&O
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: PACIFIC & ORIENT BERHAD ("POB" OR THE "COMPANY")
(I) PROPOSED SHARE SPLIT; AND
(II) PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: On behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that the Company will be convening an extraordinary general meeting ("EGM") at Anggerik Room, Hotel Equatorial Kuala Lumpur, Jalan Sultan Ismail, 50250 Kuala Lumpur on Tuesday, 29 June 2010 at 1.00 p.m. or at any adjournment thereof, for the purpose of considering and, if thought fit, passing with or without modifications the resolutions pertaining to the Proposals.
The full text of the Notice of the EGM to be advertised in The New Straits Times on Monday, 7 June 2010 is attached herewith.
This announcement is dated 4 June 2010.
Attachments: POB Notice of EGM.pdf
TRANMIL - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
WINDING-UP PETITION SERVED ON TRANSMILE AIR SERVICES SDN BHD , A WHOLLY-OWNED SUBSIDIARY OF TRANSMILE, BY MALAYSIAN TRUSTEES BERHAD
Contents: Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Transmile ("Board"), wishes to inform that a winding-up petition has been served on Transmile Air Services Sdn Bhd ("TAS") by Malaysian Trustees Berhad ("MTB") ("Petition") pursuant to Section 218 of the Companies Act 1965.
The details of the Petition are set out as follow:-
(a) The Petition was presented to the High Court, Kuala Lumpur on 19 May 2010 and the Petition was served and received on 4 June 2010 at 5.30 p.m. The matter is fixed for hearing on 29 July 2010.
(b) TAS has pursuant to a Commercial Papers / Medium Term Notes Programme issued notes with an aggregate face value of RM105,000,000 ("Notes"), whereby TAS had defaulted in the payment of the Notes due on 29 August 2008. The amount claimed under the Petition is for RM106,117,534.23, being the principal, coupon and default interest due and owing as at 24 March 2010 ("Outstanding Amount").
(c) Following the Notice served on TAS pursuant to Section 218(2)(a) of the Companies Act 1965 by MTB on 26 March 2010 through its solicitor, Messrs. Lee Hishamuddin Allen & Gledhill, TAS had failed to pay the default Outstanding Amount owing under the Notes within three (3) weeks of the receipt of the aforesaid Notice.
(d) TAS is a major subsidiary of Transmile.
(e) The total cost of investment in TAS is RM982,137,566.
(f) The service of the Petition may on its own trigger or result in a termination event or event of default on TAS's business contracts and in the event such contracts are terminated, TAS's operations will have to cease and as a result, the Group will suffer adverse financial consequences.
(g) Save for the legal costs to be incurred from the winding-up proceedings and subject to item (f) above, there are no losses expected to incur arising from the winding-up proceedings.
(h) The Board is in the process of consulting the Company's solicitors on the next steps to be taken by the Company, further developments of which will be announced in due course.
This announcement is dated 4 June 2010.
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
WINDING-UP PETITION SERVED ON TRANSMILE AIR SERVICES SDN BHD , A WHOLLY-OWNED SUBSIDIARY OF TRANSMILE, BY MALAYSIAN TRUSTEES BERHAD
Contents: Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Transmile ("Board"), wishes to inform that a winding-up petition has been served on Transmile Air Services Sdn Bhd ("TAS") by Malaysian Trustees Berhad ("MTB") ("Petition") pursuant to Section 218 of the Companies Act 1965.
The details of the Petition are set out as follow:-
(a) The Petition was presented to the High Court, Kuala Lumpur on 19 May 2010 and the Petition was served and received on 4 June 2010 at 5.30 p.m. The matter is fixed for hearing on 29 July 2010.
(b) TAS has pursuant to a Commercial Papers / Medium Term Notes Programme issued notes with an aggregate face value of RM105,000,000 ("Notes"), whereby TAS had defaulted in the payment of the Notes due on 29 August 2008. The amount claimed under the Petition is for RM106,117,534.23, being the principal, coupon and default interest due and owing as at 24 March 2010 ("Outstanding Amount").
(c) Following the Notice served on TAS pursuant to Section 218(2)(a) of the Companies Act 1965 by MTB on 26 March 2010 through its solicitor, Messrs. Lee Hishamuddin Allen & Gledhill, TAS had failed to pay the default Outstanding Amount owing under the Notes within three (3) weeks of the receipt of the aforesaid Notice.
(d) TAS is a major subsidiary of Transmile.
(e) The total cost of investment in TAS is RM982,137,566.
(f) The service of the Petition may on its own trigger or result in a termination event or event of default on TAS's business contracts and in the event such contracts are terminated, TAS's operations will have to cease and as a result, the Group will suffer adverse financial consequences.
(g) Save for the legal costs to be incurred from the winding-up proceedings and subject to item (f) above, there are no losses expected to incur arising from the winding-up proceedings.
(h) The Board is in the process of consulting the Company's solicitors on the next steps to be taken by the Company, further developments of which will be announced in due course.
This announcement is dated 4 June 2010.
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