VIS - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: VISDYNAMICS HOLDINGS BERHAD (ACE Market)
Stock Name: VIS
Date Announced: 07/06/2010
Announcement Detail:
Date of change: 05/06/2010
Type of change: Demised
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Nordin Bin Baharuddin
Age: 60
Nationality: Malaysian
Qualifications: Graduated from University of London, United Kingdom with Bachelor of Science (Econs)(Hons) Degree in 1973.
Working experience and occupation: Dato' Nordin was the former Executive Chairman of Ernst & Young Malaysia after 35 years in the accounting and auditing sector in Malaysia and overseas. He was a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Chartered Institute of Taxation, London. Before his demised, he was serving as President of the Malaysian Institute of the Malaysian Institute of Certified Public Accountants, Council Member and Chairman of the Accounting and Auditing Committee and Practice Review Committee in the Malaysian Institute of Accountants and member of the Malaysian Financial Reporting Foundation. He was also a Member of the Mongolian Institute of Certified Public Accountants and had helped to develop the profession in Mongolia as well as provided professional advice to the corporate sector through his tenure as Partner in Charge of Ernst & Young Mongolia.
Directorship of public companies (if any): 1. Sarawak Energy Berhad
2. Scomi Engineering Berhad; and
3. Malaysian Rating Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Held 100,000 ordinary shares of RM0.10 each, representing 15% of the issued capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Azzat bin Kamaludin - Independent Non-Executive Director (Chairman)
2. Vincent Loh -Independent Non-Executive Director (Member)
Remarks: The appointment of new Audit Committee Member will be announced within the prescribed period allowed pursuant to the Listing Requirements of Bursa Malaysia Securities Berhad in due course.
Company Name: VISDYNAMICS HOLDINGS BERHAD (ACE Market)
Stock Name: VIS
Date Announced: 07/06/2010
Announcement Detail:
Date of change: 05/06/2010
Type of change: Demised
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Nordin Bin Baharuddin
Age: 60
Nationality: Malaysian
Qualifications: Graduated from University of London, United Kingdom with Bachelor of Science (Econs)(Hons) Degree in 1973.
Working experience and occupation: Dato' Nordin was the former Executive Chairman of Ernst & Young Malaysia after 35 years in the accounting and auditing sector in Malaysia and overseas. He was a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Chartered Institute of Taxation, London. Before his demised, he was serving as President of the Malaysian Institute of the Malaysian Institute of Certified Public Accountants, Council Member and Chairman of the Accounting and Auditing Committee and Practice Review Committee in the Malaysian Institute of Accountants and member of the Malaysian Financial Reporting Foundation. He was also a Member of the Mongolian Institute of Certified Public Accountants and had helped to develop the profession in Mongolia as well as provided professional advice to the corporate sector through his tenure as Partner in Charge of Ernst & Young Mongolia.
Directorship of public companies (if any): 1. Sarawak Energy Berhad
2. Scomi Engineering Berhad; and
3. Malaysian Rating Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Held 100,000 ordinary shares of RM0.10 each, representing 15% of the issued capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Azzat bin Kamaludin - Independent Non-Executive Director (Chairman)
2. Vincent Loh -Independent Non-Executive Director (Member)
Remarks: The appointment of new Audit Committee Member will be announced within the prescribed period allowed pursuant to the Listing Requirements of Bursa Malaysia Securities Berhad in due course.
HDISPLY - H-DISPLAYS (MSC) BERHAD NOTICE OF FOURTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 07/06/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Type: Announcement
Subject: H-DISPLAYS (MSC) BERHAD
NOTICE OF FOURTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of H-Displays (MSC) Berhad wishes to inform that the Fourth Annual General Meeting ("AGM") of the Company will be held at Pacific Regency Hotel Suites - Meranti 4, Level 22, Menara PanGlobal, Jalan Punchak, Off Jalan P. Ramlee, 50250 Kuala Lumpur on Wednesday, 30 June 2010 at 3.00 p.m.
Attachments: H-Displays-Notice AGM 2010.doc
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 07/06/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Type: Announcement
Subject: H-DISPLAYS (MSC) BERHAD
NOTICE OF FOURTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of H-Displays (MSC) Berhad wishes to inform that the Fourth Annual General Meeting ("AGM") of the Company will be held at Pacific Regency Hotel Suites - Meranti 4, Level 22, Menara PanGlobal, Jalan Punchak, Off Jalan P. Ramlee, 50250 Kuala Lumpur on Wednesday, 30 June 2010 at 3.00 p.m.
Attachments: H-Displays-Notice AGM 2010.doc
APLAND - ASIA PACIFIC LAND BERHAD ("AP LAND" OR "THE COMPANY") - ACQUISITION OF A NEW SUBSIDIARY IN HONG KONG
Announcement Type: General Announcement
Company Name: ASIA PACIFIC LAND BERHAD
Stock Name: APLAND
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: ASIA PACIFIC LAND BERHAD ("AP LAND" OR "THE COMPANY")
- ACQUISITION OF A NEW SUBSIDIARY IN HONG KONG
Contents: The Board of AP Land is pleased to announce that the Company had on 3 June 2010 acquired the entire issued and paid-up share capital of Pacific Field International Holdings Limited ("Pacific Field"), a company incorporated in Hong Kong, comprising one (1) ordinary share of HKD1.00 for a cash consideration of HKD1.00. The duly stamped Instrument of Transfer was received by the Company on 7 June 2010.
Pacific Field was incorporated on 29 April 2010. It has an authorised share capital of HKD10,000.00 divided into 10,000 ordinary shares of HKD1.00 each. Pacific Field is currently a dormant company and its intended principal activity is investment holding.
The acquisition of Pacific Field is not expected to have any effect on the share capital and shareholdings of the substantial shareholders, earnings per share and net assets of AP Land for the financial year ending 31 December 2010.
None of the Directors, major shareholders or persons connected with the Directors and/or major Shareholders of AP Land has any interest, direct or indirect in the above acquisition.
Company Name: ASIA PACIFIC LAND BERHAD
Stock Name: APLAND
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: ASIA PACIFIC LAND BERHAD ("AP LAND" OR "THE COMPANY")
- ACQUISITION OF A NEW SUBSIDIARY IN HONG KONG
Contents: The Board of AP Land is pleased to announce that the Company had on 3 June 2010 acquired the entire issued and paid-up share capital of Pacific Field International Holdings Limited ("Pacific Field"), a company incorporated in Hong Kong, comprising one (1) ordinary share of HKD1.00 for a cash consideration of HKD1.00. The duly stamped Instrument of Transfer was received by the Company on 7 June 2010.
Pacific Field was incorporated on 29 April 2010. It has an authorised share capital of HKD10,000.00 divided into 10,000 ordinary shares of HKD1.00 each. Pacific Field is currently a dormant company and its intended principal activity is investment holding.
The acquisition of Pacific Field is not expected to have any effect on the share capital and shareholdings of the substantial shareholders, earnings per share and net assets of AP Land for the financial year ending 31 December 2010.
None of the Directors, major shareholders or persons connected with the Directors and/or major Shareholders of AP Land has any interest, direct or indirect in the above acquisition.
SPB - General Announcement
Announcement Type: General Announcement
Company Name: SELANGOR PROPERTIES BERHAD
Stock Name: SPB
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: Notification on dealing by Director of Selangor Properties Berhad ("the Company") during closed period pursuant to Paragraph 14.08 of Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.08 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of her indirect interest in the securities of the Company as set out in the table below:
Company Name: SELANGOR PROPERTIES BERHAD
Stock Name: SPB
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: Notification on dealing by Director of Selangor Properties Berhad ("the Company") during closed period pursuant to Paragraph 14.08 of Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.08 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of her indirect interest in the securities of the Company as set out in the table below:
AMOLEK - Listing Circular
Announcement Type: Listing Circular
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 07/06/2010
Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON THE AYER MOLEK RUBBER COMPANY BERHAD
(II) PUBLIC REPRIMAND AND TOTAL FINES OF RM33,000 ON 6 DIRECTORS
Contents: Breach of paragraphs 9.22(1) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands The Ayer Molek Rubber Company Berhad ("AMOLEK" or "the Company") for breach of paragraph 9.22(1) of the LR. AMOLEK is also required to ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.
2. Pursuant to paragraph 9.22(1) of the LR, a listed issuer must give Bursa Securities for public release, an interim financial report that is prepared on a quarterly basis, as soon as the figures have been approved by the board of directors of the listed issuer, and in any event not later than 2 months after the end of each quarter of a financial year.
3. AMOLEK had breached paragraph 9.22(1) of the LR for failing to submit the Company's quarterly report for the financial period ended 31 March 2009 ("QR 1/2009") on or before 31 May 2009. The QR 1/2009 was only submitted on 15 July 2009, after a delay of 33 market days.
4. Bursa Securities also found that the directors of AMOLEK had failed to discharge their duties as directors pursuant to paragraph 16.11(b) of the LR in respect of compliance by the Company of its obligations under paragraph 9.22(1) the LR.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR. The directors found to be in breach and the penalties imposed are :- No Directors Penalty 1. Goh Joon Hai
Executive Director Public Reprimand and fine of RM16,500 2. Datin Mariam Prudence Binti Yusof
Non-Independent & Non-Executive Chairman Public Reprimand and fine of RM3,300 3. Soo Yoke Mun
Independent & Non-Executive Director
Chairman of Audit Committee Public Reprimand and fine of RM3,300 4. Dato' Teh Kim Seng
Independent & Non-Executive Director
Member of the Audit Committee Public Reprimand and fine of RM3,300 5. Jasmi Bin Daik
Non-Independent & Non-Executive Director
Member of the Audit Committee Public Reprimand and fine of RM3,300 6. Syed Khalil Bin Syed Ibrahim
Non-Independent & Non-Executive Director
(Resigned on 2 September 2009) Public Reprimand and fine of RM3,300
5. The finding of breach and imposition of the above penalties on AMOLEK and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including in relation to the directors, the roles and responsibilities of the respective directors in the Company particularly pertaining to the maintenance and preparation of financial statements.
The explanation provided by AMOLEK and the directors for the delay in the submission of the QR 1/2009 which was mainly caused by the illness of the Company's part-time accountant does not absolve the Company's and its directors' obligations to take reasonable efforts and measures to ensure timely submission of the QR 1/2009 which were not undertaken. It is unacceptable for the directors, in the discharge of their obligations under the LR, to only �??hope' and �??believe' the part time accountant will recover to prepare the QR 1/2009 in time. The mere reliance on the situation "improving" and on the executive director to resolve the issue is also unreasonable.
In addition, the Company should have in place the necessary measures to enable the Company to fulfill its obligations under the LR at all times.
AMOLEK and its directors had also represented that the Company's shares had not been traded since April 2006 and as such, no investor nor member of the public was prejudiced by the delay of the QR 1/2009. However, pursuant to the LR, a listed issuer and its directors must still comply with the LR during periods when a listed issuer's securities are suspended from trading.
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 07/06/2010
Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON THE AYER MOLEK RUBBER COMPANY BERHAD
(II) PUBLIC REPRIMAND AND TOTAL FINES OF RM33,000 ON 6 DIRECTORS
Contents: Breach of paragraphs 9.22(1) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands The Ayer Molek Rubber Company Berhad ("AMOLEK" or "the Company") for breach of paragraph 9.22(1) of the LR. AMOLEK is also required to ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.
2. Pursuant to paragraph 9.22(1) of the LR, a listed issuer must give Bursa Securities for public release, an interim financial report that is prepared on a quarterly basis, as soon as the figures have been approved by the board of directors of the listed issuer, and in any event not later than 2 months after the end of each quarter of a financial year.
3. AMOLEK had breached paragraph 9.22(1) of the LR for failing to submit the Company's quarterly report for the financial period ended 31 March 2009 ("QR 1/2009") on or before 31 May 2009. The QR 1/2009 was only submitted on 15 July 2009, after a delay of 33 market days.
4. Bursa Securities also found that the directors of AMOLEK had failed to discharge their duties as directors pursuant to paragraph 16.11(b) of the LR in respect of compliance by the Company of its obligations under paragraph 9.22(1) the LR.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR. The directors found to be in breach and the penalties imposed are :- No Directors Penalty 1. Goh Joon Hai
Executive Director Public Reprimand and fine of RM16,500 2. Datin Mariam Prudence Binti Yusof
Non-Independent & Non-Executive Chairman Public Reprimand and fine of RM3,300 3. Soo Yoke Mun
Independent & Non-Executive Director
Chairman of Audit Committee Public Reprimand and fine of RM3,300 4. Dato' Teh Kim Seng
Independent & Non-Executive Director
Member of the Audit Committee Public Reprimand and fine of RM3,300 5. Jasmi Bin Daik
Non-Independent & Non-Executive Director
Member of the Audit Committee Public Reprimand and fine of RM3,300 6. Syed Khalil Bin Syed Ibrahim
Non-Independent & Non-Executive Director
(Resigned on 2 September 2009) Public Reprimand and fine of RM3,300
5. The finding of breach and imposition of the above penalties on AMOLEK and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including in relation to the directors, the roles and responsibilities of the respective directors in the Company particularly pertaining to the maintenance and preparation of financial statements.
The explanation provided by AMOLEK and the directors for the delay in the submission of the QR 1/2009 which was mainly caused by the illness of the Company's part-time accountant does not absolve the Company's and its directors' obligations to take reasonable efforts and measures to ensure timely submission of the QR 1/2009 which were not undertaken. It is unacceptable for the directors, in the discharge of their obligations under the LR, to only �??hope' and �??believe' the part time accountant will recover to prepare the QR 1/2009 in time. The mere reliance on the situation "improving" and on the executive director to resolve the issue is also unreasonable.
In addition, the Company should have in place the necessary measures to enable the Company to fulfill its obligations under the LR at all times.
AMOLEK and its directors had also represented that the Company's shares had not been traded since April 2006 and as such, no investor nor member of the public was prejudiced by the delay of the QR 1/2009. However, pursuant to the LR, a listed issuer and its directors must still comply with the LR during periods when a listed issuer's securities are suspended from trading.
GPERAK - Listing Circular
Announcement Type: Listing Circular
Company Name: GULA PERAK BERHAD
Stock Name: GPERAK
Date Announced: 07/06/2010
Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON GULA PERAK BERHAD
(II) PUBLIC REPRIMAND AND TOTAL FINES OF RM35,000 ON THE DIRECTORS
Contents: Breach of paragraphs 9.16(1)(a) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Gula Perak Berhad ("GPERAK" or "the Company") for breach of paragraph 9.16(1)(a) of the LR.
GPERAK is also required to:- (a) carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 30 June 2010; and (b) ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.
2. Paragraph 9.16(1)(a) of the LR states that a listed issuer must ensure that its announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR.
3. GPERAK had breached paragraph 9.16(1)(a) of the LR for failing to disclose that the Bond Holder of 3% nominal value of RM90,124,000 Redeemable Secured Bonds ie. AmBank (M) Berhad ("AmBank") had agreed for a full and final settlement sum of RM64,000,000 ("the Discount") in the Company's unaudited fourth quarterly report for the financial year ended 31 March 2008 ("4th QR 2008") announced on 28 May 2008. The Discount vide AmBank's letter dated 27 February 2008 was accepted by the Company on 3 March 2008.
There was a deviation between the Company's unaudited loss after tax of RM16,414,000 and audited loss after tax of RM42,342,000 for the financial year ended 31 March 2008 arising from the Discount. The difference of RM26,124,000 represents a variance of approximately 61.23%. Whilst Bursa Securities did not make a finding of breach against the Company for failing to take into account the Discount in the 4th QR 2008, Bursa Securities has found the Company in breach of paragraph 9.16(1)(a) arising from its failure to disclose the Discount which is material in the notes to the 4th QR 2008. This is also particularly in the light that :-
i. the Company had consistently disclose a previous offer from AmBank in the Company's annual audited accounts for the financial years ended 31 March 2006 and 31 March 2007; and
ii. the Discount which the Company has accepted is clearly different and lower than the previous offer.
4. Bursa Securities also found the directors of GPERAK who were aware of the Discount to be in breach of paragraph 16.11(b) of the LR for permitting knowingly or where they had reasonable means of obtaining such knowledge the Company to commit the above breach.
The directors found to be in breach and the penalties imposed are as follows :- No. Director Penalty 1. Datuk Rahim bin Baba
Executive Chairman
(Appointed on 31 January 1989) Public Reprimand 2. Tan Sri Dato' Lim Cheng Pow
Managing Director
(Appointed on 4 March 1996) Public Reprimand and fine of RM25,000 3. Dato' Lim Soo Kok
Executive Director
(Appointed on 4 March 1996) Public Reprimand 4. Datuk Lim Sue Beng
Executive Director
(Appointed on 4 March 1996)
Retired on 28 September 2009 Public Reprimand 5. Leow Thang Fong
Executive Director
(Appointed on 15 May 1989)
Audit Committee Member
(Appointed on 1 April 2007)
Resigned on 23 January 2009 Public Reprimand and fine of RM10,000
5. The finding of breach and imposition of the above penalties on GPERAK and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including in relation to the directors, their knowledge and involvement and their respective roles and responsibilities in the Company particularly pertaining to the Discount and maintenance and preparation of financial statements.
6. Bursa Securities views the above contravention seriously and hereby reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public.
Company Name: GULA PERAK BERHAD
Stock Name: GPERAK
Date Announced: 07/06/2010
Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON GULA PERAK BERHAD
(II) PUBLIC REPRIMAND AND TOTAL FINES OF RM35,000 ON THE DIRECTORS
Contents: Breach of paragraphs 9.16(1)(a) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Gula Perak Berhad ("GPERAK" or "the Company") for breach of paragraph 9.16(1)(a) of the LR.
GPERAK is also required to:- (a) carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 30 June 2010; and (b) ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.
2. Paragraph 9.16(1)(a) of the LR states that a listed issuer must ensure that its announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR.
3. GPERAK had breached paragraph 9.16(1)(a) of the LR for failing to disclose that the Bond Holder of 3% nominal value of RM90,124,000 Redeemable Secured Bonds ie. AmBank (M) Berhad ("AmBank") had agreed for a full and final settlement sum of RM64,000,000 ("the Discount") in the Company's unaudited fourth quarterly report for the financial year ended 31 March 2008 ("4th QR 2008") announced on 28 May 2008. The Discount vide AmBank's letter dated 27 February 2008 was accepted by the Company on 3 March 2008.
There was a deviation between the Company's unaudited loss after tax of RM16,414,000 and audited loss after tax of RM42,342,000 for the financial year ended 31 March 2008 arising from the Discount. The difference of RM26,124,000 represents a variance of approximately 61.23%. Whilst Bursa Securities did not make a finding of breach against the Company for failing to take into account the Discount in the 4th QR 2008, Bursa Securities has found the Company in breach of paragraph 9.16(1)(a) arising from its failure to disclose the Discount which is material in the notes to the 4th QR 2008. This is also particularly in the light that :-
i. the Company had consistently disclose a previous offer from AmBank in the Company's annual audited accounts for the financial years ended 31 March 2006 and 31 March 2007; and
ii. the Discount which the Company has accepted is clearly different and lower than the previous offer.
4. Bursa Securities also found the directors of GPERAK who were aware of the Discount to be in breach of paragraph 16.11(b) of the LR for permitting knowingly or where they had reasonable means of obtaining such knowledge the Company to commit the above breach.
The directors found to be in breach and the penalties imposed are as follows :- No. Director Penalty 1. Datuk Rahim bin Baba
Executive Chairman
(Appointed on 31 January 1989) Public Reprimand 2. Tan Sri Dato' Lim Cheng Pow
Managing Director
(Appointed on 4 March 1996) Public Reprimand and fine of RM25,000 3. Dato' Lim Soo Kok
Executive Director
(Appointed on 4 March 1996) Public Reprimand 4. Datuk Lim Sue Beng
Executive Director
(Appointed on 4 March 1996)
Retired on 28 September 2009 Public Reprimand 5. Leow Thang Fong
Executive Director
(Appointed on 15 May 1989)
Audit Committee Member
(Appointed on 1 April 2007)
Resigned on 23 January 2009 Public Reprimand and fine of RM10,000
5. The finding of breach and imposition of the above penalties on GPERAK and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including in relation to the directors, their knowledge and involvement and their respective roles and responsibilities in the Company particularly pertaining to the Discount and maintenance and preparation of financial statements.
6. Bursa Securities views the above contravention seriously and hereby reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public.
HLIND - Notice of Shares Buy Back by a Company pursuant to Form 28A
Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: HONG LEONG INDUSTRIES BERHAD
Stock Name: HLIND
Date Announced: 07/06/2010
Announcement Detail:
Date of buy back from: 27/05/2010
Date of buy back to: 27/05/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,000
Minimum price paid for each share purchased ($$): 4.300
Maximum price paid for each share purchased ($$): 4.300
Total amount paid for shares purchased ($$): 4,300.00
The name of the stock exchange through which the shares were purchased: The Main Market of Bursa Securities
Number of shares purchased retained in treasury (units): 1,000
Total number of shares retained in treasury (units): 8,432,500
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: Not applicable
Date lodged with registrar of companies: 07/06/2010
Lodged by: HLI-HUME Management Co Sdn Bhd
Remarks: Bursa Malaysia Securities Berhad is defined as Bursa Securities.
This announcement is dated 7 June 2010.
Company Name: HONG LEONG INDUSTRIES BERHAD
Stock Name: HLIND
Date Announced: 07/06/2010
Announcement Detail:
Date of buy back from: 27/05/2010
Date of buy back to: 27/05/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,000
Minimum price paid for each share purchased ($$): 4.300
Maximum price paid for each share purchased ($$): 4.300
Total amount paid for shares purchased ($$): 4,300.00
The name of the stock exchange through which the shares were purchased: The Main Market of Bursa Securities
Number of shares purchased retained in treasury (units): 1,000
Total number of shares retained in treasury (units): 8,432,500
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: Not applicable
Date lodged with registrar of companies: 07/06/2010
Lodged by: HLI-HUME Management Co Sdn Bhd
Remarks: Bursa Malaysia Securities Berhad is defined as Bursa Securities.
This announcement is dated 7 June 2010.
E&O - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 07/06/2010
Announcement Detail:
Date of buy back: 07/06/2010
Description of shares purchased: Ordinary stock units of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 658,400
Minimum price paid for each share purchased ($$): 0.895
Maximum price paid for each share purchased ($$): 0.910
Total consideration paid ($$): 595,904.49
Number of shares purchased retained in treasury (units): 658,400
Cumulative net outstanding treasury shares as at to-date (units): 24,107,700
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.12
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 07/06/2010
Announcement Detail:
Date of buy back: 07/06/2010
Description of shares purchased: Ordinary stock units of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 658,400
Minimum price paid for each share purchased ($$): 0.895
Maximum price paid for each share purchased ($$): 0.910
Total consideration paid ($$): 595,904.49
Number of shares purchased retained in treasury (units): 658,400
Cumulative net outstanding treasury shares as at to-date (units): 24,107,700
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.12
DBHD - General Announcement
Announcement Type: General Announcement
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: DAMANSARA REALTY BERHAD ("DBHD" OR "THE COMPANY") :
CONDITIONAL TAKE-OVER OFFER BY OSK INVESTMENT BANK BERHAD ON BEHALF OF JOHOR CORPORATION AND JOHOR LOGISTICS SDN BHD (COLLECTIVELY REFERRED TO AS "THE JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN DBHD ("OFFER SHARES") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.80 PER OFFER SHARE ("THE OFFER")
Contents: The Joint Offerors through OSK Investment Bank Berhad ("OSK") has notified DBhd via a press release today that the closing date of the Offer will be extended to 5.00 p.m. (Malaysian time) on 17 June 2010 ("Final Closing Date"), being fourteen (14) days from 3 June 2010, being the date when the Offer became unconditional. The Joint Offerors intend to close the Offer on the Final Closing Date.
A copy of the press notice dated 7 June 2010 relating to the above is attached herewith.
This announcement is dated 7 June 2010.
Attachments: Press Notice - 7 June 2010.pdf
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: DAMANSARA REALTY BERHAD ("DBHD" OR "THE COMPANY") :
CONDITIONAL TAKE-OVER OFFER BY OSK INVESTMENT BANK BERHAD ON BEHALF OF JOHOR CORPORATION AND JOHOR LOGISTICS SDN BHD (COLLECTIVELY REFERRED TO AS "THE JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN DBHD ("OFFER SHARES") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.80 PER OFFER SHARE ("THE OFFER")
Contents: The Joint Offerors through OSK Investment Bank Berhad ("OSK") has notified DBhd via a press release today that the closing date of the Offer will be extended to 5.00 p.m. (Malaysian time) on 17 June 2010 ("Final Closing Date"), being fourteen (14) days from 3 June 2010, being the date when the Offer became unconditional. The Joint Offerors intend to close the Offer on the Final Closing Date.
A copy of the press notice dated 7 June 2010 relating to the above is attached herewith.
This announcement is dated 7 June 2010.
Attachments: Press Notice - 7 June 2010.pdf
DBHD - DAMANSARA REALTY BERHAD ("the Company" or "DBhd") : OUTSTANDING RELATED PARTY RECEIVABLES
Announcement Type: General Announcement
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: DAMANSARA REALTY BERHAD ("the Company" or "DBhd") : OUTSTANDING RELATED PARTY RECEIVABLES
Contents: With reference to Bursa Malaysia's letter dated 27 May 2010, BM/CSi-CS2/20100526/jess/PLC.DBHD(412) , the Board of Directors of DBhd wishes to announce that the status of the debts due from related party transactions is as follows:
1. Total outstanding from related trade receivables :
(Please refer to table below).
2. Action taken or proposed to recover the debts :
Reminder letters have been issued and discussions on outstanding payments were organised between the Senior Management of DBhd Group and the
Related parties.
3. Expected timeframe to fully recover the debts :
DBhd expects to fully recover the abovementioned debts by 3rd Quarter of 2010
Company Name: DAMANSARA REALTY BHD
Stock Name: DBHD
Date Announced: 07/06/2010
Announcement Detail:
Type: Announcement
Subject: DAMANSARA REALTY BERHAD ("the Company" or "DBhd") : OUTSTANDING RELATED PARTY RECEIVABLES
Contents: With reference to Bursa Malaysia's letter dated 27 May 2010, BM/CSi-CS2/20100526/jess/PLC.DBHD(412) , the Board of Directors of DBhd wishes to announce that the status of the debts due from related party transactions is as follows:
1. Total outstanding from related trade receivables :
(Please refer to table below).
2. Action taken or proposed to recover the debts :
Reminder letters have been issued and discussions on outstanding payments were organised between the Senior Management of DBhd Group and the
Related parties.
3. Expected timeframe to fully recover the debts :
DBhd expects to fully recover the abovementioned debts by 3rd Quarter of 2010
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