SUNCRN - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 15/06/2010
Announcement Detail:
Date of buy back: 15/06/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.600
Maximum price paid for each share purchased ($$): 1.600
Total consideration paid ($$): 16,116.80
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 423,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.03
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 15/06/2010
Announcement Detail:
Date of buy back: 15/06/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.600
Maximum price paid for each share purchased ($$): 1.600
Total consideration paid ($$): 16,116.80
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 423,000
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 (%): 1.03
SCOMIEN - Additional Listing Announcement
Announcement Type: Additional Listing Announcement (ALA)
Company Name: SCOMI ENGINEERING BHD
Stock Name: SCOMIEN
Date Announced: 15/06/2010
Announcement Detail:
Whether the corporate proposal involves the issuance of new type and new class of securities?: No
Types of corporate proposal: ESOS
Details of corporate proposal: Exercise of options granted under Employees' Share Option Scheme ("ESOS")
No. of shares issued under this corporate proposal: 12,000
Issue price per share ($$): MYR 1.000
Par Value ($$): MYR 1.000
Units: 277,976,909
Currency: MYR 277,976,909.000
Listing Date: 16/06/2010
Company Name: SCOMI ENGINEERING BHD
Stock Name: SCOMIEN
Date Announced: 15/06/2010
Announcement Detail:
Whether the corporate proposal involves the issuance of new type and new class of securities?: No
Types of corporate proposal: ESOS
Details of corporate proposal: Exercise of options granted under Employees' Share Option Scheme ("ESOS")
No. of shares issued under this corporate proposal: 12,000
Issue price per share ($$): MYR 1.000
Par Value ($$): MYR 1.000
Units: 277,976,909
Currency: MYR 277,976,909.000
Listing Date: 16/06/2010
GLBHD - CROP PRODUCTION FOR THE MONTH OF MAY 2010
Announcement Type: General Announcement
Company Name: GOLDEN LAND BERHAD
Stock Name: GLBHD
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: CROP PRODUCTION FOR THE MONTH OF MAY 2010
Contents: We are pleased to announce the production of our Group for the month of May 2010 as follows:-
Company Name: GOLDEN LAND BERHAD
Stock Name: GLBHD
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: CROP PRODUCTION FOR THE MONTH OF MAY 2010
Contents: We are pleased to announce the production of our Group for the month of May 2010 as follows:-
CICB - Central Industrial Corporation Berhad - Thirty-Seventh Annual General Meeting
Announcement Type: General Announcement
Company Name: CENTRAL INDUSTRIAL CORPORATION BERHAD
Stock Name: CICB
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: Central Industrial Corporation Berhad
- Thirty-Seventh Annual General Meeting
Contents: The Board of Directors of Central Industrial Corporation Berhad ("CICB") is pleased to announce that the ordinary resolutions as set out in the Notice of Annual General Meeting dated 24th May, 2010 have been approved by the shareholders at the Thirty-Seventh Annual General Meeting of CICB held on 15 June 2010.
This annoucement is dated 15 June 2010
Company Name: CENTRAL INDUSTRIAL CORPORATION BERHAD
Stock Name: CICB
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: Central Industrial Corporation Berhad
- Thirty-Seventh Annual General Meeting
Contents: The Board of Directors of Central Industrial Corporation Berhad ("CICB") is pleased to announce that the ordinary resolutions as set out in the Notice of Annual General Meeting dated 24th May, 2010 have been approved by the shareholders at the Thirty-Seventh Annual General Meeting of CICB held on 15 June 2010.
This annoucement is dated 15 June 2010
BHIC - JOINT VENTURE AGREEMENT WITH MTU SERVICES (MALAYSIA) SDN BHD
Announcement Type: General Announcement
Company Name: BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name: BHIC
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: JOINT VENTURE AGREEMENT WITH MTU SERVICES (MALAYSIA) SDN BHD
Contents: 1. INTRODUCTION
Further to the announcement on 3 December 2009, Boustead Heavy Industries Corporation Berhad ("BHIC" or "the Company") is pleased to announce that its wholly owned sub-subsidiary, BHIC Defence Technologies Sdn Bhd ("BHICDT") (a subsidiary held via Boustead Penang Shipyard Sdn Bhd) 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").
2. DETAILS OF THE JV
2.1 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
2.2 Objectives of the JV
The purpose of the JV is for BHICDT and MSM ("the Parties") to establish a long term relationship through the creation of a JVCo for their mutual benefit and gain and to undertake the business linked with maintenance of the products and services of MTU Friedrichshafen GmbH ("MTU") in Malaysia and Brunei.
The JVCo shall upon incorporation have an initial authorised share capital of RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each. The initial paid-up capital of the JVCo shall be in the amount of RM10,000.00. The equity structure of the JVCo shall be in the following proportion:-
Party Shareholding Proportion
BHICDT 60%
MSM 40%
(hereinafter collectively referred to as the "Parties" or "Shareholders).
2.3 Salient Terms of the JV Agreement
2.3.1 The incorporation of the JVCo is subject to the satisfaction of the following conditions (hereinafter referred to as "Conditions Precedent")
(a) In respect of BHICDT, compliance with the requirements of all applicable laws, rules, regulations and orders of governmental and regulatory authorities affecting its activities in Malaysia and pertaining to :-
(i) the Establishment of the JVCo; and
(ii) to any authorisations, if any; and
(b) In respect of MSM, compliance with the requirements of all applicable laws, rules, regulations and orders of governmental and regulatory authorities affecting its activities in Malaysia and Germany, if any, and pertaining to :-
i) the Establishment of the JVCo; and
ii) to any authorisations, if any.
2.3.2 The Parties agree that each Party shall co-operate with the other to fulfil the Conditions Precedent referred to in item 2.3.1 within ninety (90) days of the date of signature of the JV Agreement or other period as the Parties may mutually agree upon, in writing.
The Parties agree that in the event that the Conditions Precedent referred to in Clause 2.3.1 are not fulfilled on or before the expiry of ninety (90) days from the date of this signature of the JV Agreement (or such other later date as may be agreed upon in writing between the Parties), then the JV Agreement shall be deemed to have been terminated.
2.3.3 Each Party shall bear the costs and expenses incurred in the preparation and submission of the applications for the authorisations and approvals under item 2.3.1 (a) and (b) respectively.
2.3.3 The Parties shall cooperate to prepare the necessary applications, documents and forms for registration of the JVCo with the Companies Commission of Malaysia.
2.3.4 Subject to the fulfillment of the Conditions Precedent referred to in Clause 2.3.1, hereinafter referred together to as "Effective Date", and provided that they both agree on the content of the JVCo's applications, documents and forms referred to in Clause 2.3.3, BHICDT and MSM shall promptly lodge the same with the Companies Commission of Malaysia, notify the appropriate Authorities of Malaysia (if required) and do all things necessary to procure that the JVCo is established in accordance with the terms of the JV Agreement, such registration and establishment being together hereinafter referred to as "Establishment" and the expression "Establish" shall have a similar meaning.
2.3.5 The incorporation of the JVCo shall be completed within forty five (45) days of the Effective Date.
2.4 Termination of the JV Agreement
2.4.1 The JV Agreement may be terminated immediately with respect to a shareholder of the JVCo ("Defaulter") by the non-defaulting shareholder of JVCo ("Non-Defaulter"), by notice in writing to the Defaulter, if:
(a) the Defaulter is in breach of any of its material obligations under this Agreement and has failed to remedy the breach within a period of thirty (30) days upon receipt of a notice in writing from the Non-Defaulter giving particulars of the breach and requiring the Defaulter to remedy the breach; or
(b) a petition is presented or a proceeding is commenced or an order is made or an effective resolution is passed for the winding-up, insolvency, judicial management, administration, dissolution or bankruptcy of the Defaulter or for the appointment of a liquidator, receiver, judicial manager, administrator, trustee or similar officer of the Defaulter over all or any part of its business or assets which is not set aside within 14 days of its presentation or commencement of proceedings (as the case may be);
(c) the Defaulter admits its inability to pay its debts as they fall due or seeks to enter into any composition or other arrangement with its creditors or is declared or becomes bankrupt or insolvent; or if a creditor takes possession of all or any part of the business or assets of the Defaulter or any execution or other legal process is enforced against the business or any substantial asset of the Defaulter and is not discharged within fourteen (14) days;
3. FINANCIAL EFFECTS OF THE JV
The financial impact on the JV Agreement on BHIC are summarised as follow:
(a) Earnings
The JVCo is not expected to have any effect on the earnings of the BHIC Group.
(b) Substantial Shareholders' Shareholdings
The JVCo does not have any effect on the substantial shareholders' shareholdings at BHIC.
(c) Net Assets ("NA")
The JV is not expected to have any material impact on the NA of BHIC Group for the financial year ending 31 December 2010.
(d) Gearing
The JV is not expected to have any effect on the gearing of BHIC Group.
4. RISK FACTORS
The JV is subject to normal joint venture and business risks.
5. APPROVALS OF SHAREHOLDERS AND THE RELEVANT GOVERNMENT AUTHORITIES
Save as indicated above, the JV is not subject to the approval of the shareholders of BHIC. However, the JV is conditional upon the Parties obtaining the relevant approval for the Establishment of the JVCo.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and major shareholders of BHIC or any persons connected to them has any interest, direct or indirect, in the JV.
7. STATEMENT BY DIRECTORS
The Board of Directors of BHIC is of the opinion that the JV is in the best interest of BHIC .
8. DOCUMENT AVAILABLE FOR INSPECTION
The JV Agreement is available for inspection at the registered office of the Company at 17th Floor, Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur during normal business hours from Monday to Saturday (except public holidays), for a period of one (1) month from the date of this announcement.
This announcement is dated 15 June 2010
Company Name: BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name: BHIC
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: JOINT VENTURE AGREEMENT WITH MTU SERVICES (MALAYSIA) SDN BHD
Contents: 1. INTRODUCTION
Further to the announcement on 3 December 2009, Boustead Heavy Industries Corporation Berhad ("BHIC" or "the Company") is pleased to announce that its wholly owned sub-subsidiary, BHIC Defence Technologies Sdn Bhd ("BHICDT") (a subsidiary held via Boustead Penang Shipyard Sdn Bhd) 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").
2. DETAILS OF THE JV
2.1 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
2.2 Objectives of the JV
The purpose of the JV is for BHICDT and MSM ("the Parties") to establish a long term relationship through the creation of a JVCo for their mutual benefit and gain and to undertake the business linked with maintenance of the products and services of MTU Friedrichshafen GmbH ("MTU") in Malaysia and Brunei.
The JVCo shall upon incorporation have an initial authorised share capital of RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each. The initial paid-up capital of the JVCo shall be in the amount of RM10,000.00. The equity structure of the JVCo shall be in the following proportion:-
Party Shareholding Proportion
BHICDT 60%
MSM 40%
(hereinafter collectively referred to as the "Parties" or "Shareholders).
2.3 Salient Terms of the JV Agreement
2.3.1 The incorporation of the JVCo is subject to the satisfaction of the following conditions (hereinafter referred to as "Conditions Precedent")
(a) In respect of BHICDT, compliance with the requirements of all applicable laws, rules, regulations and orders of governmental and regulatory authorities affecting its activities in Malaysia and pertaining to :-
(i) the Establishment of the JVCo; and
(ii) to any authorisations, if any; and
(b) In respect of MSM, compliance with the requirements of all applicable laws, rules, regulations and orders of governmental and regulatory authorities affecting its activities in Malaysia and Germany, if any, and pertaining to :-
i) the Establishment of the JVCo; and
ii) to any authorisations, if any.
2.3.2 The Parties agree that each Party shall co-operate with the other to fulfil the Conditions Precedent referred to in item 2.3.1 within ninety (90) days of the date of signature of the JV Agreement or other period as the Parties may mutually agree upon, in writing.
The Parties agree that in the event that the Conditions Precedent referred to in Clause 2.3.1 are not fulfilled on or before the expiry of ninety (90) days from the date of this signature of the JV Agreement (or such other later date as may be agreed upon in writing between the Parties), then the JV Agreement shall be deemed to have been terminated.
2.3.3 Each Party shall bear the costs and expenses incurred in the preparation and submission of the applications for the authorisations and approvals under item 2.3.1 (a) and (b) respectively.
2.3.3 The Parties shall cooperate to prepare the necessary applications, documents and forms for registration of the JVCo with the Companies Commission of Malaysia.
2.3.4 Subject to the fulfillment of the Conditions Precedent referred to in Clause 2.3.1, hereinafter referred together to as "Effective Date", and provided that they both agree on the content of the JVCo's applications, documents and forms referred to in Clause 2.3.3, BHICDT and MSM shall promptly lodge the same with the Companies Commission of Malaysia, notify the appropriate Authorities of Malaysia (if required) and do all things necessary to procure that the JVCo is established in accordance with the terms of the JV Agreement, such registration and establishment being together hereinafter referred to as "Establishment" and the expression "Establish" shall have a similar meaning.
2.3.5 The incorporation of the JVCo shall be completed within forty five (45) days of the Effective Date.
2.4 Termination of the JV Agreement
2.4.1 The JV Agreement may be terminated immediately with respect to a shareholder of the JVCo ("Defaulter") by the non-defaulting shareholder of JVCo ("Non-Defaulter"), by notice in writing to the Defaulter, if:
(a) the Defaulter is in breach of any of its material obligations under this Agreement and has failed to remedy the breach within a period of thirty (30) days upon receipt of a notice in writing from the Non-Defaulter giving particulars of the breach and requiring the Defaulter to remedy the breach; or
(b) a petition is presented or a proceeding is commenced or an order is made or an effective resolution is passed for the winding-up, insolvency, judicial management, administration, dissolution or bankruptcy of the Defaulter or for the appointment of a liquidator, receiver, judicial manager, administrator, trustee or similar officer of the Defaulter over all or any part of its business or assets which is not set aside within 14 days of its presentation or commencement of proceedings (as the case may be);
(c) the Defaulter admits its inability to pay its debts as they fall due or seeks to enter into any composition or other arrangement with its creditors or is declared or becomes bankrupt or insolvent; or if a creditor takes possession of all or any part of the business or assets of the Defaulter or any execution or other legal process is enforced against the business or any substantial asset of the Defaulter and is not discharged within fourteen (14) days;
3. FINANCIAL EFFECTS OF THE JV
The financial impact on the JV Agreement on BHIC are summarised as follow:
(a) Earnings
The JVCo is not expected to have any effect on the earnings of the BHIC Group.
(b) Substantial Shareholders' Shareholdings
The JVCo does not have any effect on the substantial shareholders' shareholdings at BHIC.
(c) Net Assets ("NA")
The JV is not expected to have any material impact on the NA of BHIC Group for the financial year ending 31 December 2010.
(d) Gearing
The JV is not expected to have any effect on the gearing of BHIC Group.
4. RISK FACTORS
The JV is subject to normal joint venture and business risks.
5. APPROVALS OF SHAREHOLDERS AND THE RELEVANT GOVERNMENT AUTHORITIES
Save as indicated above, the JV is not subject to the approval of the shareholders of BHIC. However, the JV is conditional upon the Parties obtaining the relevant approval for the Establishment of the JVCo.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and major shareholders of BHIC or any persons connected to them has any interest, direct or indirect, in the JV.
7. STATEMENT BY DIRECTORS
The Board of Directors of BHIC is of the opinion that the JV is in the best interest of BHIC .
8. DOCUMENT AVAILABLE FOR INSPECTION
The JV Agreement is available for inspection at the registered office of the Company at 17th Floor, Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur during normal business hours from Monday to Saturday (except public holidays), for a period of one (1) month from the date of this announcement.
This announcement is dated 15 June 2010
SALCON - First and Final Dividend (Amended Announcement)
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 15/06/2010
Announcement Detail:
EX-date: 30/06/2010
Entitlement date: 02/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: First and Final Dividend
Entitlement description: First and final single tier dividend of 1.5 sen per share
Period of interest payment: to
Financial Year End: 31/12/2009
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: Tricor Investor Services Sdn Bhd (formerly known as Tenaga Koperat Sdn Bhd)
Level 17, The Gardens North Tower, Mid Valley City,
Lingkaran Syed Putra, 59200 Kuala Lumpur.
Tel No. 03-22643883
Payment date: 23/07/2010
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 02/07/2010
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.015
Remarks: There was an error in the entitlement description in the announcement made on 31 May 2010. The entitlement description should be read as first and final single tier dividend of 1.5 sen per share and not first and final tax exempt dividend of 1.5 sen per share.
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 15/06/2010
Announcement Detail:
EX-date: 30/06/2010
Entitlement date: 02/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: First and Final Dividend
Entitlement description: First and final single tier dividend of 1.5 sen per share
Period of interest payment: to
Financial Year End: 31/12/2009
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: Tricor Investor Services Sdn Bhd (formerly known as Tenaga Koperat Sdn Bhd)
Level 17, The Gardens North Tower, Mid Valley City,
Lingkaran Syed Putra, 59200 Kuala Lumpur.
Tel No. 03-22643883
Payment date: 23/07/2010
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 02/07/2010
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.015
Remarks: There was an error in the entitlement description in the announcement made on 31 May 2010. The entitlement description should be read as first and final single tier dividend of 1.5 sen per share and not first and final tax exempt dividend of 1.5 sen per share.
SALCON - ERRATA TO THE ANNUAL REPORT 2009 AND NOTICE OF SEVENTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: ERRATA TO THE ANNUAL REPORT 2009 AND NOTICE OF SEVENTH ANNUAL GENERAL MEETING
Contents: Salcon Berhad wishes to inform that the proposed first and final dividend in respect of the financial year ended 31 December 2009 as announced earlier was erroneous and should be read as first and final dividend of 1.5 sen per share, single tier, instead of first and final dividend of 1.5 sen per share, tax exempt.
The sections of the Annual Report 2009 affected by the error are as follows:-
(a) Agenda No. 2 of the Notice of Annual General Meeting on page 4;
(b) Notice of Dividend Entitlement and Payment on page 5;
(c) Financial Statements on pages 66 and 112; and
(d) The Proxy Form.
Attached herewith are the amended pages of the Annual Report 2009.
Attachments: Amended pages of AR 2009.pdf
Salcon-Letter (Errata to AR 2009).pdf
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: ERRATA TO THE ANNUAL REPORT 2009 AND NOTICE OF SEVENTH ANNUAL GENERAL MEETING
Contents: Salcon Berhad wishes to inform that the proposed first and final dividend in respect of the financial year ended 31 December 2009 as announced earlier was erroneous and should be read as first and final dividend of 1.5 sen per share, single tier, instead of first and final dividend of 1.5 sen per share, tax exempt.
The sections of the Annual Report 2009 affected by the error are as follows:-
(a) Agenda No. 2 of the Notice of Annual General Meeting on page 4;
(b) Notice of Dividend Entitlement and Payment on page 5;
(c) Financial Statements on pages 66 and 112; and
(d) The Proxy Form.
Attached herewith are the amended pages of the Annual Report 2009.
Attachments: Amended pages of AR 2009.pdf
Salcon-Letter (Errata to AR 2009).pdf
SAPCRES - Acquisition of Company
Announcement Type: General Announcement
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of Company
Contents: The Board of Directors of SapuraCrest Petroleum Berhad (the "Company" or "SapuraCrest") wishes to announce that the Company has today acquired the entire issued shares of a shelf private limited company incorporated in Malaysia, known as Energy Way Sdn Bhd ("Energy Way").
Energy Way was incorporated on 18 March 2010 and has not commenced operations since that date. Its issued share capital comprises two shares of RM1.00 each fully paid. The purchase consideration for the said shares is RM2.00.
The purchase of Energy Way is for the future strategic plans of the Company which will also see the incorporation of direct and indirect wholly owned subsidiaries of Energy Way ("Exercise").
The Exercise is being undertaken and the necessary announcements will be made on its completion.
None of the Directors and/or major shareholders of the Company or persons connected thereto have any interest, direct or indirect, in Energy Way.
This announcement is dated 15 June 2010.
Company Name: SAPURACREST PETROLEUM BERHAD
Stock Name: SAPCRES
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of Company
Contents: The Board of Directors of SapuraCrest Petroleum Berhad (the "Company" or "SapuraCrest") wishes to announce that the Company has today acquired the entire issued shares of a shelf private limited company incorporated in Malaysia, known as Energy Way Sdn Bhd ("Energy Way").
Energy Way was incorporated on 18 March 2010 and has not commenced operations since that date. Its issued share capital comprises two shares of RM1.00 each fully paid. The purchase consideration for the said shares is RM2.00.
The purchase of Energy Way is for the future strategic plans of the Company which will also see the incorporation of direct and indirect wholly owned subsidiaries of Energy Way ("Exercise").
The Exercise is being undertaken and the necessary announcements will be made on its completion.
None of the Directors and/or major shareholders of the Company or persons connected thereto have any interest, direct or indirect, in Energy Way.
This announcement is dated 15 June 2010.
TEXCHEM - General Announcement
Announcement Type: General Announcement
Company Name: TEXCHEM RESOURCES BERHAD
Stock Name: TEXCHEM
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: THE PROPOSED VOLUNTARY DELISTING OF TEXCHEM-PACK HOLDINGS (S) LTD., AN APPROXIMATELY 70.48%-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED DELISTING")
- WITHDRAWAL OF EXIT OFFER
Contents: 1. INTRODUCTION
The Board of Directors ("Board" or "Directors") of Texchem Resources Bhd. ("TRB") refers to the announcements made by TRB on 8 February 2010 and 1 June 2010 in relation to the Proposed Delisting ("Announcements").
2. WITHDRAWAL OF EXIT OFFER
The Singapore Exchange Securities Trading Limited ("SGX-ST") had on 27 May 2010, informed Texchem-Pack Holdings (S) Ltd. ("Texchem-Pack") that in light of the opinion of the independent financial adviser, Partners Capital (Singapore) Pte Ltd, that the financial terms of the Exit Offer (as defined in the Announcements), on balance, are not reasonable, it is unable to review and clear the draft circular to shareholders of Texchem-Pack ("Shareholders") in relation to the Proposed Delisting as it considers that the Proposed Delisting does not meet with the requirement of Rule 1309(1) of the Listing Manual of the SGX-ST, which requires that a reasonable exit alternative be offered to Shareholders and holders of any other classes of listed securities to be delisted.
Pursuant thereto, the Securities Industry Council of Singapore has today confirmed that it has no objection to the withdrawal of the Exit Offer. The Board therefore wishes to inform that it has withdrawn the Exit Offer ("Withdrawal"). Accordingly, the Exit Offer will not be made.
3. FINANCIAL EFFECTS OF THE WITHDRAWAL
The Withdrawal will not have any effect on the issued and paid-up share capital of TRB and the substantial shareholders' shareholdings in TRB. Additionally, the Withdrawal is not expected to have any material effect on the consolidated net assets per share, gearing, earnings and earnings per share of TRB for the financial year ending 31 December 2010.
4. DIRECTORS' STATEMENT
The Board having considered all aspects of the Withdrawal is of the opinion that the Withdrawal is in the best interest of TRB.
The Directors (including any Director who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement (other than those relating to Texchem-Pack) are fair and accurate and that no material facts have been omitted from this announcement and they jointly and severally accept responsibility accordingly. Where any information has been extracted from published or publicly available sources, the sole responsibility of the Directors has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.
This announcement is dated 15 June 2010.
Company Name: TEXCHEM RESOURCES BERHAD
Stock Name: TEXCHEM
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: THE PROPOSED VOLUNTARY DELISTING OF TEXCHEM-PACK HOLDINGS (S) LTD., AN APPROXIMATELY 70.48%-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED DELISTING")
- WITHDRAWAL OF EXIT OFFER
Contents: 1. INTRODUCTION
The Board of Directors ("Board" or "Directors") of Texchem Resources Bhd. ("TRB") refers to the announcements made by TRB on 8 February 2010 and 1 June 2010 in relation to the Proposed Delisting ("Announcements").
2. WITHDRAWAL OF EXIT OFFER
The Singapore Exchange Securities Trading Limited ("SGX-ST") had on 27 May 2010, informed Texchem-Pack Holdings (S) Ltd. ("Texchem-Pack") that in light of the opinion of the independent financial adviser, Partners Capital (Singapore) Pte Ltd, that the financial terms of the Exit Offer (as defined in the Announcements), on balance, are not reasonable, it is unable to review and clear the draft circular to shareholders of Texchem-Pack ("Shareholders") in relation to the Proposed Delisting as it considers that the Proposed Delisting does not meet with the requirement of Rule 1309(1) of the Listing Manual of the SGX-ST, which requires that a reasonable exit alternative be offered to Shareholders and holders of any other classes of listed securities to be delisted.
Pursuant thereto, the Securities Industry Council of Singapore has today confirmed that it has no objection to the withdrawal of the Exit Offer. The Board therefore wishes to inform that it has withdrawn the Exit Offer ("Withdrawal"). Accordingly, the Exit Offer will not be made.
3. FINANCIAL EFFECTS OF THE WITHDRAWAL
The Withdrawal will not have any effect on the issued and paid-up share capital of TRB and the substantial shareholders' shareholdings in TRB. Additionally, the Withdrawal is not expected to have any material effect on the consolidated net assets per share, gearing, earnings and earnings per share of TRB for the financial year ending 31 December 2010.
4. DIRECTORS' STATEMENT
The Board having considered all aspects of the Withdrawal is of the opinion that the Withdrawal is in the best interest of TRB.
The Directors (including any Director who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement (other than those relating to Texchem-Pack) are fair and accurate and that no material facts have been omitted from this announcement and they jointly and severally accept responsibility accordingly. Where any information has been extracted from published or publicly available sources, the sole responsibility of the Directors has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.
This announcement is dated 15 June 2010.
LEWEKO - NOTICE OF EXTRAORDINARY GENERAL MEETING
Announcement Type: General Announcement
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: The Board of Directors of Leweko Resources Berhad ["Company"] is pleased to announce that an Extraordinary General Meeting ["EGM"] of the Company will be held at Meeting Room 3, Level 1, Heritage Hotel Ipoh, Jalan Raja DiHilir, 30350 Ipoh, Perak Darul Ridzuan, on Wednesday, 30 June 2010 at 10:45a.m. or immediately after the conclusion or adjournment (as the case maybe) of the Eighth Annual General Meeting of the Company which commences at 10:00 a.m. at the same venue and on the same day, whichever is earlier, to consider the following proposals:
(i) Proposed renewal of authority to buy-back its own shares by the Company; and
(ii) Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
A copy of the Notice of EGM which was advertised in "The Sun" on 15 June 2010 is attached.
This announcement is dated 15 June 2010.
Attachments: Leweko-EGM Notice-2010.pdf
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 15/06/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: The Board of Directors of Leweko Resources Berhad ["Company"] is pleased to announce that an Extraordinary General Meeting ["EGM"] of the Company will be held at Meeting Room 3, Level 1, Heritage Hotel Ipoh, Jalan Raja DiHilir, 30350 Ipoh, Perak Darul Ridzuan, on Wednesday, 30 June 2010 at 10:45a.m. or immediately after the conclusion or adjournment (as the case maybe) of the Eighth Annual General Meeting of the Company which commences at 10:00 a.m. at the same venue and on the same day, whichever is earlier, to consider the following proposals:
(i) Proposed renewal of authority to buy-back its own shares by the Company; and
(ii) Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
A copy of the Notice of EGM which was advertised in "The Sun" on 15 June 2010 is attached.
This announcement is dated 15 June 2010.
Attachments: Leweko-EGM Notice-2010.pdf
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