TSH - TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: TSH RESOURCES BERHAD
Stock Name: TSH
Date Announced: 24/06/2010
Announcement Detail:
Subject: TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 482,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 28 June 2010.
Company Name: TSH RESOURCES BERHAD
Stock Name: TSH
Date Announced: 24/06/2010
Announcement Detail:
Subject: TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 482,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 28 June 2010.
SEG - UNUSUAL MARKET ACTIVITY
Announcement Type: General Announcement
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 24/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NS-100624-33525
Subject: UNUSUAL MARKET ACTIVITY
Contents: We refer to the letter from Bursa Malaysia Berhad dated 24 June 2010 on unusual market activity on the trading of the Company's shares.
In accordance with the Corporate Disclosure Policy on Response to Unusual Activity pursuant to paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (''Bursa Securities LR''), the Board of Directors of SEG International Bhd ("SEGi" or "the Company") after having made due inquiry, wishes to advise that, to the best of their knowledge, they are not aware of any specific reason to account for the sharp increase in price in the Company's securities recently. The Company has however made announcements pertaining to a proposed corporate exercise recently which we believe has a positive impact on the market, which includes:
(I) Proposed share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each held in SEGi ("Shares") into two (2) ordinary shares of RM0.50 each in SEGi ("Subdivided Shares");
(II) Proposed bonus issue of 71,274,204 new Subdivided Shares ("Bonus Shares") to be credited as fully paid up on the basis of two (2) Bonus Shares for every five (5) Subdivided Shares held; and
(III) Proposed renounceable rights issue of up to 124,729,857 five (5)-year 2010/2015 Warrants on the basis of one (1) new warrant for every two (2) Subdivided Shares held, at an issue price of RM0.05 cash per warrant;
(collectively referred to as the "Proposals").
The rationale of the Proposals are primarily to reward the existing shareholders of the Company for their continuing support in the Company and to provide them with greater participation in the equity of the Company in terms of the number of shares held. The Proposals are now subject to the approvals of the shareholders at the Extraordinary General Meeting to be held on Monday, 28 June 2010.
The Company has also earlier announced a revenue of RM54.8 million and a profit before tax of RM13.2 million, an improvement of 34.7% and 50.2% respectively in its first quarter ended 31 March 2010, as compared to the corresponding period in 2009 which may also have a positive impact on the share price.
The Company believes another possible explanation to account for the unusual market activity is the current market interest in education stocks.
Save for the above developments, the Company is unaware of any other rumour or report concerning the business and affairs of SEGi Group that may account for the unusual market activity.
The Board of Directors also confirms that they are in compliance with the Bursa Securities LR, in particular paragraph 9.03 of Bursa Securities LR on disclosure of material information.
This announcement is dated 24 June 2010.
Query Letter content: We draw your attention to the sharp rise in price in your Company's shares
recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to Paragraph 9.11 of the Main Market Listing
Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities LR"), you
are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities")
with an announcement for public release after making due enquiry with your
directors and major shareholders seeking the cause of the unusual market
activity in the Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the
following:-
1. whether there is any corporate development relating to your Group's
business and affairs that has not been previously announced that may account
for the unusual market activity including those in the stage of
negotiation/discussion. If yes, kindly provide the details including status of
the corporate development to enable investors to make informed investment
decision;
2. whether there is any rumour or report concerning the business and affairs of
the Group that may account for the unusual market activity and in this respect,
you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities
LR;
3. whether you are aware of any other possible explanation to account for the
unusual market activity; and
4. your compliance with the Bursa Securities LR, in particular Paragraph 9.03
of the Bursa Securities LR on immediate disclosure obligations.
...2/-
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NZ
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 24/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NS-100624-33525
Subject: UNUSUAL MARKET ACTIVITY
Contents: We refer to the letter from Bursa Malaysia Berhad dated 24 June 2010 on unusual market activity on the trading of the Company's shares.
In accordance with the Corporate Disclosure Policy on Response to Unusual Activity pursuant to paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (''Bursa Securities LR''), the Board of Directors of SEG International Bhd ("SEGi" or "the Company") after having made due inquiry, wishes to advise that, to the best of their knowledge, they are not aware of any specific reason to account for the sharp increase in price in the Company's securities recently. The Company has however made announcements pertaining to a proposed corporate exercise recently which we believe has a positive impact on the market, which includes:
(I) Proposed share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each held in SEGi ("Shares") into two (2) ordinary shares of RM0.50 each in SEGi ("Subdivided Shares");
(II) Proposed bonus issue of 71,274,204 new Subdivided Shares ("Bonus Shares") to be credited as fully paid up on the basis of two (2) Bonus Shares for every five (5) Subdivided Shares held; and
(III) Proposed renounceable rights issue of up to 124,729,857 five (5)-year 2010/2015 Warrants on the basis of one (1) new warrant for every two (2) Subdivided Shares held, at an issue price of RM0.05 cash per warrant;
(collectively referred to as the "Proposals").
The rationale of the Proposals are primarily to reward the existing shareholders of the Company for their continuing support in the Company and to provide them with greater participation in the equity of the Company in terms of the number of shares held. The Proposals are now subject to the approvals of the shareholders at the Extraordinary General Meeting to be held on Monday, 28 June 2010.
The Company has also earlier announced a revenue of RM54.8 million and a profit before tax of RM13.2 million, an improvement of 34.7% and 50.2% respectively in its first quarter ended 31 March 2010, as compared to the corresponding period in 2009 which may also have a positive impact on the share price.
The Company believes another possible explanation to account for the unusual market activity is the current market interest in education stocks.
Save for the above developments, the Company is unaware of any other rumour or report concerning the business and affairs of SEGi Group that may account for the unusual market activity.
The Board of Directors also confirms that they are in compliance with the Bursa Securities LR, in particular paragraph 9.03 of Bursa Securities LR on disclosure of material information.
This announcement is dated 24 June 2010.
Query Letter content: We draw your attention to the sharp rise in price in your Company's shares
recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual
Market Activity pursuant to Paragraph 9.11 of the Main Market Listing
Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities LR"), you
are requested to furnish Bursa Malaysia Securities Berhad ("Bursa Securities")
with an announcement for public release after making due enquiry with your
directors and major shareholders seeking the cause of the unusual market
activity in the Company's shares.
In this respect, you are also required to publicly confirm, amongst others, the
following:-
1. whether there is any corporate development relating to your Group's
business and affairs that has not been previously announced that may account
for the unusual market activity including those in the stage of
negotiation/discussion. If yes, kindly provide the details including status of
the corporate development to enable investors to make informed investment
decision;
2. whether there is any rumour or report concerning the business and affairs of
the Group that may account for the unusual market activity and in this respect,
you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities
LR;
3. whether you are aware of any other possible explanation to account for the
unusual market activity; and
4. your compliance with the Bursa Securities LR, in particular Paragraph 9.03
of the Bursa Securities LR on immediate disclosure obligations.
...2/-
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NZ
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