SUPERMX-CC - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Contents: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Attachments: Announcement (SUPERMX-CC) - Bonus Issue Appendix.pdf
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Contents: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Attachments: Announcement (SUPERMX-CC) - Bonus Issue Appendix.pdf
SUPERMX-CC - Bonus Issue
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 04/06/2010
Announcement Detail:
EX-date: 16/06/2010
Entitlement date: 18/06/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Period of interest payment: to
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: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47300 Petaling Jaya, Selangor
Tel. no.: (03) 7481 8000
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 18/06/2010
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Exercise Price and Entitlement to the Second Schedule of the Deed Poll dated 3 December 2009, the Entitlement and Exercise Price of the SUPERMX-CC will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.1000
= 0.1250 (equivalent to Entitlement of 8 SUPERMX-CC per SUPERMX Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM6.30
= RM5.04
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Entitlement of 10 SUPERMX-CC per SUPERMX Share)
N: 0.25, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue
K: RM6.30, being the existing Exercise Price of SUPERMX-CC immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CC shall take place on 16 June 2010 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
This announcement is dated 4 June 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 04/06/2010
Announcement Detail:
EX-date: 16/06/2010
Entitlement date: 18/06/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE")
Period of interest payment: to
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: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47300 Petaling Jaya, Selangor
Tel. no.: (03) 7481 8000
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 18/06/2010
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Exercise Price and Entitlement to the Second Schedule of the Deed Poll dated 3 December 2009, the Entitlement and Exercise Price of the SUPERMX-CC will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.1000
= 0.1250 (equivalent to Entitlement of 8 SUPERMX-CC per SUPERMX Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM6.30
= RM5.04
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Entitlement of 10 SUPERMX-CC per SUPERMX Share)
N: 0.25, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue
K: RM6.30, being the existing Exercise Price of SUPERMX-CC immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CC shall take place on 16 June 2010 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
This announcement is dated 4 June 2010.
BKOON - General Announcement
Announcement Type: General Announcement
Company Name: BOON KOON GROUP BERHAD
Stock Name: BKOON
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF INDUSTRIAL LAND BY BOON KOON VEHICLES INDUSTRIES SDN BHD ("BKVI"), A WHOLLY-OWNED SUBSIDIARY OF BOON KOON GROUP BERHAD ("BKGB")
Contents: 1. INTRODUCTION
The Board of Directors of BKGB wishes to announce that BKGB, through its wholly-owned subsidiary company, BKVI had on 4 June 2010 entered into a Sale & Purchase Agreement ("SPA") with Eu-Sing Enterprise Sdn Bhd (Company No. 733589-K) (hereinafter known as "Purchaser") to dispose all that piece of land and hereditaments known as No. GM 145, Lot No. 219, Mukim 06, Daerah Seberang Perai Selatan, Pulau Pinang with an area measuring approximately 12,140.55 square metres (hereinafter referred to as "Industrial Land") for a total consideration of Ringgit Malaysia One Million (RM1,000,000.00) only (hereinafter referred to as "Disposal").
2. INFORMATION ON THE PURCHASER
Eu-Sing Enterprise Sdn Bhd (Company No. 733589-K) is a company incorporated with limited liability in Malaysia and having its registered office at No. 1668, 1st Floor, Jalan Atas, 14300 Nibong Tebal, Seberang Perai Selatan, Penang.
3. CONSIDERATION
The consideration of the Disposal was arrived at on a willing buyer and willing seller basis.
4. LIABILITIES TO BE ASSUMED
The Purchaser is not expected to assume any liabilities pursuant to this Disposal.
5. APPROVALS REQUIRED
The Disposal is not subject to the approval of shareholders of BKGB or any relevant government authorities.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of BKGB and/or persons connected with them has any interest, either direct or indirect in this Disposal.
7. FINANCIAL EFFECTS OF THE DISPOSAL
The Disposal will not have any material effect on BKGB Group's earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding for the financial year ending 31 March 2011.
8. RATIONALE FOR THE DISPOSAL
The Disposal is part of the ongoing rationalisation exercise to reduce the gearing of BKGB Group.
9. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of BKGB, after taking into consideration of the rationale of the Disposal, is of the opinion that the Disposal is in the best interest of BKGB.
10. RISK FACTORS
There are no foreseeable risk factors involved in the Disposal.
11. COMPLIANCE WITH THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES FOR THE MAIN MARKET
The Disposal has not departed from the Securities Commission's Policies and Guidelines for the Main Market.
This announcement is dated 4 June 2010.
Company Name: BOON KOON GROUP BERHAD
Stock Name: BKOON
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF INDUSTRIAL LAND BY BOON KOON VEHICLES INDUSTRIES SDN BHD ("BKVI"), A WHOLLY-OWNED SUBSIDIARY OF BOON KOON GROUP BERHAD ("BKGB")
Contents: 1. INTRODUCTION
The Board of Directors of BKGB wishes to announce that BKGB, through its wholly-owned subsidiary company, BKVI had on 4 June 2010 entered into a Sale & Purchase Agreement ("SPA") with Eu-Sing Enterprise Sdn Bhd (Company No. 733589-K) (hereinafter known as "Purchaser") to dispose all that piece of land and hereditaments known as No. GM 145, Lot No. 219, Mukim 06, Daerah Seberang Perai Selatan, Pulau Pinang with an area measuring approximately 12,140.55 square metres (hereinafter referred to as "Industrial Land") for a total consideration of Ringgit Malaysia One Million (RM1,000,000.00) only (hereinafter referred to as "Disposal").
2. INFORMATION ON THE PURCHASER
Eu-Sing Enterprise Sdn Bhd (Company No. 733589-K) is a company incorporated with limited liability in Malaysia and having its registered office at No. 1668, 1st Floor, Jalan Atas, 14300 Nibong Tebal, Seberang Perai Selatan, Penang.
3. CONSIDERATION
The consideration of the Disposal was arrived at on a willing buyer and willing seller basis.
4. LIABILITIES TO BE ASSUMED
The Purchaser is not expected to assume any liabilities pursuant to this Disposal.
5. APPROVALS REQUIRED
The Disposal is not subject to the approval of shareholders of BKGB or any relevant government authorities.
6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of BKGB and/or persons connected with them has any interest, either direct or indirect in this Disposal.
7. FINANCIAL EFFECTS OF THE DISPOSAL
The Disposal will not have any material effect on BKGB Group's earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding for the financial year ending 31 March 2011.
8. RATIONALE FOR THE DISPOSAL
The Disposal is part of the ongoing rationalisation exercise to reduce the gearing of BKGB Group.
9. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of BKGB, after taking into consideration of the rationale of the Disposal, is of the opinion that the Disposal is in the best interest of BKGB.
10. RISK FACTORS
There are no foreseeable risk factors involved in the Disposal.
11. COMPLIANCE WITH THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES FOR THE MAIN MARKET
The Disposal has not departed from the Securities Commission's Policies and Guidelines for the Main Market.
This announcement is dated 4 June 2010.
D&O - General Announcement
Announcement Type: General Announcement
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: D & O GREEN TECHNOLOGIES BERHAD
(formerly known as D & O VENTURES BERHAD)
- ERRATA TO THE NOTICE OF SIXTH ANNUAL GENERAL MEETING ("AGM") DATED 2 JUNE 2010 IN RELATION TO ITEM 5 OF THE EXPLANATORY NOTES ON SPECIAL BUSINESS
Contents: We refer to the announcement dated 1 June 2010.
We append herewith the Errata to the Notice of Sixth AGM which is self-explanatory, for your attention. A copy of the Errata will be forwarded to all the Shareholders in due course.
This announcement is dated 4 June 2010
Attachments: DO erata.pdf
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: D & O GREEN TECHNOLOGIES BERHAD
(formerly known as D & O VENTURES BERHAD)
- ERRATA TO THE NOTICE OF SIXTH ANNUAL GENERAL MEETING ("AGM") DATED 2 JUNE 2010 IN RELATION TO ITEM 5 OF THE EXPLANATORY NOTES ON SPECIAL BUSINESS
Contents: We refer to the announcement dated 1 June 2010.
We append herewith the Errata to the Notice of Sixth AGM which is self-explanatory, for your attention. A copy of the Errata will be forwarded to all the Shareholders in due course.
This announcement is dated 4 June 2010
Attachments: DO erata.pdf
SUCCESS - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
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): 52,000
Minimum price paid for each share purchased ($$): 1.110
Maximum price paid for each share purchased ($$): 1.150
Total consideration paid ($$): 59,259.20
Number of shares purchased retained in treasury (units): 52,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,813,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.51
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 52,000
Minimum price paid for each share purchased ($$): 1.110
Maximum price paid for each share purchased ($$): 1.150
Total consideration paid ($$): 59,259.20
Number of shares purchased retained in treasury (units): 52,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,813,000
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 (%): 1.51
DIALOG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,000,000
Minimum price paid for each share purchased ($$): 1.050
Maximum price paid for each share purchased ($$): 1.050
Total consideration paid ($$): 1,053,665.00
Number of shares purchased retained in treasury (units): 1,000,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 11,375,271
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.57
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,000,000
Minimum price paid for each share purchased ($$): 1.050
Maximum price paid for each share purchased ($$): 1.050
Total consideration paid ($$): 1,053,665.00
Number of shares purchased retained in treasury (units): 1,000,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 11,375,271
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 (%): 0.57
KEN - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: KEN HOLDINGS BERHAD
Stock Name: KEN
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares @ RM1/- each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 0.750
Maximum price paid for each share purchased ($$): 0.750
Total consideration paid ($$): 6,047.80
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,585,700
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.70
Company Name: KEN HOLDINGS BERHAD
Stock Name: KEN
Date Announced: 04/06/2010
Announcement Detail:
Date of buy back: 04/06/2010
Description of shares purchased: Ordinary shares @ RM1/- each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 0.750
Maximum price paid for each share purchased ($$): 0.750
Total consideration paid ($$): 6,047.80
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,585,700
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 (%): 2.70
SELOGA - SELOGA HOLDINGS BERHAD ("SELOGA" OR THE "COMPANY") - OUTSTANDING RELATED PARTY RECEIVABLES
Announcement Type: General Announcement
Company Name: SELOGA HOLDINGS BERHAD
Stock Name: SELOGA
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: SELOGA HOLDINGS BERHAD ("SELOGA" OR THE "COMPANY")
- OUTSTANDING RELATED PARTY RECEIVABLES
Contents: -
Company Name: SELOGA HOLDINGS BERHAD
Stock Name: SELOGA
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: SELOGA HOLDINGS BERHAD ("SELOGA" OR THE "COMPANY")
- OUTSTANDING RELATED PARTY RECEIVABLES
Contents: -
NGIUKEE - NGIU KEE CORPORATION (M) BHD ("NKCB") or "the Company") - Re-organization of NKCB structure
Announcement Type: General Announcement
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BHD ("NKCB") or "the Company")
- Re-organization of NKCB structure
Contents: The Board of Directors of NKCB wishes to announce that the Company has on 4 June 2010 re-organized the Company structure by acquiring from its wholly owned subsidiary Ngiu Kee Sdn Bhd (Company No. 126611-K) ("NKSB") of all its subsidiaries.
Company Name: NGIU KEE CORPORATION (M) BERHAD
Stock Name: NGIUKEE
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: NGIU KEE CORPORATION (M) BHD ("NKCB") or "the Company")
- Re-organization of NKCB structure
Contents: The Board of Directors of NKCB wishes to announce that the Company has on 4 June 2010 re-organized the Company structure by acquiring from its wholly owned subsidiary Ngiu Kee Sdn Bhd (Company No. 126611-K) ("NKSB") of all its subsidiaries.
LEWEKO - General Announcement
Announcement Type: General Announcement
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: (I) PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY
(II) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
Contents: (I) PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY
The Board of Directors of Leweko Resources Berhad ["Leweko" or "Company"] wishes to announce that Leweko proposes to seek the approval of its shareholders for it to purchase its own shares up to 10% of its issued and paid up share capital at the forthcoming Extraordinary General Meeting ["EGM"] of the Company which will be held immediately after the conclusion or adjournment (as the case may be) of the forthcoming Eighth Annual General Meeting of the Company ["AGM"].
At the Company's EGM held on 30 June 2009, the shareholders of Leweko had granted its approval for the Company to purchase its own shares up to 10% of its issued and paid-up share capital in accordance with the provisions of Section 67A of the Companies Act, 1965, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ["Bursa Securities"], and other relevant statutory and regulatory requirements. The said authority will expire at the conclusion of the forthcoming Eighth AGM, and Leweko proposes to seek a renewal of the authority concerned at the forthcoming EGM which will be held immediately after the conclusion or adjournment (as the case may be) of the Eighth AGM.
The share buy-back statement containing the details of the proposed renewal of authority to buy-back its own shares by the Company will be issued to the shareholders of Leweko in due course.
(II) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
The Board of Directors of Leweko also wishes to announce that Leweko proposes to seek the approval of its shareholders for certain of its subsidiary companies to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the day to day operations ["Recurrent Transactions"] of the subsidiary companies concerned at the forthcoming EGM of the Company.
At the Company's EGM held on 30 June 2009, the shareholders of Leweko had granted a mandate to certain subsidiary companies of the Company to enter into Recurrent Transactions. The said mandate will expire at the conclusion of the forthcoming Eighth AGM. Pursuant to Paragraph 10.09 and Practice Note 12 of the Main Market Listing Requirements of Bursa Securities ["Listing Requirements"], Leweko proposes to seek a renewal of the shareholders' mandate to allow the subsidiary companies concerned to enter into Recurrent Transactions, at the forthcoming EGM which will be held immediately after the conclusion or adjournment (as the case may be) of the forthcoming Eighth AGM.
The circular to shareholders containing the details of the proposed renewal of shareholders' mandate for Recurrent Transactions will be issued to the shareholders of Leweko in due course.
This announcement is dated 4 June 2010.
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 04/06/2010
Announcement Detail:
Type: Announcement
Subject: (I) PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY
(II) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
Contents: (I) PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY
The Board of Directors of Leweko Resources Berhad ["Leweko" or "Company"] wishes to announce that Leweko proposes to seek the approval of its shareholders for it to purchase its own shares up to 10% of its issued and paid up share capital at the forthcoming Extraordinary General Meeting ["EGM"] of the Company which will be held immediately after the conclusion or adjournment (as the case may be) of the forthcoming Eighth Annual General Meeting of the Company ["AGM"].
At the Company's EGM held on 30 June 2009, the shareholders of Leweko had granted its approval for the Company to purchase its own shares up to 10% of its issued and paid-up share capital in accordance with the provisions of Section 67A of the Companies Act, 1965, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ["Bursa Securities"], and other relevant statutory and regulatory requirements. The said authority will expire at the conclusion of the forthcoming Eighth AGM, and Leweko proposes to seek a renewal of the authority concerned at the forthcoming EGM which will be held immediately after the conclusion or adjournment (as the case may be) of the Eighth AGM.
The share buy-back statement containing the details of the proposed renewal of authority to buy-back its own shares by the Company will be issued to the shareholders of Leweko in due course.
(II) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
The Board of Directors of Leweko also wishes to announce that Leweko proposes to seek the approval of its shareholders for certain of its subsidiary companies to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the day to day operations ["Recurrent Transactions"] of the subsidiary companies concerned at the forthcoming EGM of the Company.
At the Company's EGM held on 30 June 2009, the shareholders of Leweko had granted a mandate to certain subsidiary companies of the Company to enter into Recurrent Transactions. The said mandate will expire at the conclusion of the forthcoming Eighth AGM. Pursuant to Paragraph 10.09 and Practice Note 12 of the Main Market Listing Requirements of Bursa Securities ["Listing Requirements"], Leweko proposes to seek a renewal of the shareholders' mandate to allow the subsidiary companies concerned to enter into Recurrent Transactions, at the forthcoming EGM which will be held immediately after the conclusion or adjournment (as the case may be) of the forthcoming Eighth AGM.
The circular to shareholders containing the details of the proposed renewal of shareholders' mandate for Recurrent Transactions will be issued to the shareholders of Leweko in due course.
This announcement is dated 4 June 2010.
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