AT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: AT SYSTEMATIZATION BERHAD (ACE Market)
Stock Name: AT
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: AT SYSTEMATIZATION BERHAD ("AT" OR THE "COMPANY")
PROPOSED SPECIAL BUMIPUTERA ISSUE OF 25,600,000 NEW ORDINARY SHARES OF RM0.10 EACH IN AT ("SPECIAL ISSUE SHARES") TO THE BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("PROPOSED SPECIAL BUMIPUTERA ISSUE")
Contents: We refer to the announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of AT ("Board") on 19 May 2010 and 4 June 2010 in relation to the Proposed Special Bumiputera Issue.
On behalf of the Board, OSK wishes to announce that the Equity Compliance Unit of Securities Commission had, vide its letter dated 5 July 2010, approved the Proposed Special Bumiputera Issue subject to the condition that the Special Issue Shares shall be allocated by the Ministry of International Trade and Industry ("MITI"). In the event the Special Issue Shares are not fully subscribed by the Bumiputera investors or the MITI is unable to allocate the Special Issue Shares within one (1) year from the date of application to the MITI, AT will be deemed to have met the Bumiputera equity condition.
This announcement is dated 5 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: AT SYSTEMATIZATION BERHAD (ACE Market)
Stock Name: AT
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: AT SYSTEMATIZATION BERHAD ("AT" OR THE "COMPANY")
PROPOSED SPECIAL BUMIPUTERA ISSUE OF 25,600,000 NEW ORDINARY SHARES OF RM0.10 EACH IN AT ("SPECIAL ISSUE SHARES") TO THE BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("PROPOSED SPECIAL BUMIPUTERA ISSUE")
Contents: We refer to the announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of AT ("Board") on 19 May 2010 and 4 June 2010 in relation to the Proposed Special Bumiputera Issue.
On behalf of the Board, OSK wishes to announce that the Equity Compliance Unit of Securities Commission had, vide its letter dated 5 July 2010, approved the Proposed Special Bumiputera Issue subject to the condition that the Special Issue Shares shall be allocated by the Ministry of International Trade and Industry ("MITI"). In the event the Special Issue Shares are not fully subscribed by the Bumiputera investors or the MITI is unable to allocate the Special Issue Shares within one (1) year from the date of application to the MITI, AT will be deemed to have met the Bumiputera equity condition.
This announcement is dated 5 July 2010.
GENETEC - GENETEC TECHNOLOGY BERHAD ("GENETEC" OR "COMPANY") PROPOSED ACQUISITION & PROPOSED NEW ESOS
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: GENETEC TECHNOLOGY BERHAD ("GENETEC" OR "COMPANY")
PROPOSED ACQUISITION & PROPOSED NEW ESOS
Contents: On behalf of the Board of Directors of Genetec ("Board"), MIMB Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following:-
(a) proposed acquisition of 51% equity interest in CLT Engineering Sdn Bhd ("CLT"), for a total consideration of RM26.42 million to be satisfied via RM0.5 million in cash and the issuance of 96.0 million new ordinary shares of RM0.10 each in Genetec at an indicative issue price of RM0.27 per share ("Proposed Acquisition"); and
(b) proposed establishment of a new employees' share option scheme involving the issuance of new ordinary shares of RM0.10 each in Genetec ("Genetec Shares" or "Shares"), representing up to fifteen per centum (15%) of the issued and paid-up share capital of Genetec to eligible Directors and employees of Genetec and its subsidiaries ("Proposed New ESOS"),
Kindly refer to the attached document for the full announcement of the Proposed Acquisition and Proposed New ESOS.
This announcement is dated 5 July 2010.
Attachments: Genetec - Proposed Acquisition & Proposed New ESOS.pdf
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: GENETEC TECHNOLOGY BERHAD ("GENETEC" OR "COMPANY")
PROPOSED ACQUISITION & PROPOSED NEW ESOS
Contents: On behalf of the Board of Directors of Genetec ("Board"), MIMB Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following:-
(a) proposed acquisition of 51% equity interest in CLT Engineering Sdn Bhd ("CLT"), for a total consideration of RM26.42 million to be satisfied via RM0.5 million in cash and the issuance of 96.0 million new ordinary shares of RM0.10 each in Genetec at an indicative issue price of RM0.27 per share ("Proposed Acquisition"); and
(b) proposed establishment of a new employees' share option scheme involving the issuance of new ordinary shares of RM0.10 each in Genetec ("Genetec Shares" or "Shares"), representing up to fifteen per centum (15%) of the issued and paid-up share capital of Genetec to eligible Directors and employees of Genetec and its subsidiaries ("Proposed New ESOS"),
Kindly refer to the attached document for the full announcement of the Proposed Acquisition and Proposed New ESOS.
This announcement is dated 5 July 2010.
Attachments: Genetec - Proposed Acquisition & Proposed New ESOS.pdf
AFG - Appointment of Group Chief Executive Officer and Director of Alliance Bank Malaysia Berhad
Announcement Type: General Announcement
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: Appointment of Group Chief Executive Officer and Director of Alliance Bank Malaysia Berhad
Contents: Further to the announcement dated 17 June 2010, Alliance Financial Group Berhad ("AFGB") wishes to announce that the appointment of Mr Sng Seow Wah as Group Chief Executive Officer and Director of Alliance Bank Malaysia Berhad, a wholly-owned subsidiary of AFGB, takes effect from 5 July 2010.
This announcement is dated 5 July 2010.
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: Appointment of Group Chief Executive Officer and Director of Alliance Bank Malaysia Berhad
Contents: Further to the announcement dated 17 June 2010, Alliance Financial Group Berhad ("AFGB") wishes to announce that the appointment of Mr Sng Seow Wah as Group Chief Executive Officer and Director of Alliance Bank Malaysia Berhad, a wholly-owned subsidiary of AFGB, takes effect from 5 July 2010.
This announcement is dated 5 July 2010.
ZHULIAN - Bonus Issue
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: ZHULIAN CORPORATION BERHAD
Stock Name: ZHULIAN
Date Announced: 05/07/2010
Announcement Detail:
EX-date: 19/07/2010
Entitlement date: 21/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: Bonus issue of 115,000,000 new ordinary shares of RM0.50 each in Zhulian ("Zhulian Shares") on the basis of one (1) new ordinary share ("Bonus Share") for every three (3) existing Zhulian Shares
Period of interest payment: to
Share transfer book & register of members will be: 21/07/2010 to 21/07/2010 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Agriteum Share Registration Services Sdn Bhd
2nd Floor, Wisma Penang Garden
42, Jalan Sultan Ahmad Shah
10050 Pulau Pinang
Telephone: (604) 228 2321
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 21/07/2010
Entitlement indicator: Ratio
Ratio: 1 : 3
Remarks: In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Bonus Shares will be listed and quoted on 22 July 2010, being one (1) market day after the book closure date.
The Share Registrar of Zhulian will issue and despatch notices of allotment of Bonus Shares to all entitled shareholders of Zhulian within four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.
This announcement is dated 5 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: ZHULIAN CORPORATION BERHAD
Stock Name: ZHULIAN
Date Announced: 05/07/2010
Announcement Detail:
EX-date: 19/07/2010
Entitlement date: 21/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: Bonus issue of 115,000,000 new ordinary shares of RM0.50 each in Zhulian ("Zhulian Shares") on the basis of one (1) new ordinary share ("Bonus Share") for every three (3) existing Zhulian Shares
Period of interest payment: to
Share transfer book & register of members will be: 21/07/2010 to 21/07/2010 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Agriteum Share Registration Services Sdn Bhd
2nd Floor, Wisma Penang Garden
42, Jalan Sultan Ahmad Shah
10050 Pulau Pinang
Telephone: (604) 228 2321
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 21/07/2010
Entitlement indicator: Ratio
Ratio: 1 : 3
Remarks: In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Bonus Shares will be listed and quoted on 22 July 2010, being one (1) market day after the book closure date.
The Share Registrar of Zhulian will issue and despatch notices of allotment of Bonus Shares to all entitled shareholders of Zhulian within four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.
This announcement is dated 5 July 2010.
KSTAR - General Announcement
Announcement Type: General Announcement
Company Name: K-STAR SPORTS LIMITED
Stock Name: KSTAR
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: K-STAR SPORTS LIMITED ("THE COMPANY" OR "K-STAR") - LAND-USE-RIGHTS AND PROPERTY OWNERSHIP CERTIFICATES FOR FACTORY A LAND AND FACTORY B LAND, JIANGTOU VILLAGE, CHENDAI TOWN, JINJIANG CITY, FUJIAN PROVINCE, PEOPLE'S REPUBLIC OF CHINA ("PRC") OF FUJIAN JINJIANG DIXING SHOES PLASTICS CO., LTD ("FUJIAN DIXING"), A WHOLLY OWNED SUBSIDIARY OF K-STAR ("K-STAR GROUP")
Contents: The Board of Directors of K-Star would like to announce the subject matter for your attention. Kindly refer to the attachment for detailed information on the announcement.
Attachments: KSS-attachment of ann on application for extension of time.pdf
Company Name: K-STAR SPORTS LIMITED
Stock Name: KSTAR
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: K-STAR SPORTS LIMITED ("THE COMPANY" OR "K-STAR") - LAND-USE-RIGHTS AND PROPERTY OWNERSHIP CERTIFICATES FOR FACTORY A LAND AND FACTORY B LAND, JIANGTOU VILLAGE, CHENDAI TOWN, JINJIANG CITY, FUJIAN PROVINCE, PEOPLE'S REPUBLIC OF CHINA ("PRC") OF FUJIAN JINJIANG DIXING SHOES PLASTICS CO., LTD ("FUJIAN DIXING"), A WHOLLY OWNED SUBSIDIARY OF K-STAR ("K-STAR GROUP")
Contents: The Board of Directors of K-Star would like to announce the subject matter for your attention. Kindly refer to the attachment for detailed information on the announcement.
Attachments: KSS-attachment of ann on application for extension of time.pdf
MINPLY - Important Relevant Dates for Renounceable Rights
Announcement Type: Important Relevant Dates for Renounceable Rights
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MINPLY HOLDINGS (M) BERHAD
Stock Name: MINPLY
Date Announced: 05/07/2010
Announcement Detail:
Title / Description: MINPLY HOLDINGS (M) BERHAD ("MHB" OR THE "COMPANY")
Renounceable rights issue of up to 132,000,000 new ordinary shares of RM0.20 each in MHB ("Rights Shares") together with up to 88,000,000 new free detachable warrants ("Warrants") on the basis of three (3) Rights Shares and two (2) Warrants for every one (1) existing ordinary share of RM0.20 each held in MHB at 5.00 p.m. on 19 July 2010 at an issue price of RM0.20 per Rights Share payable in full upon acceptance ("Rights Issue")
Despatch Date: 21/07/2010
Remarks: The last date of acceptance and payment as well as excess share application and payment is 3 August 2010 or any such later date and time as may be determined and announced by the Directors of MHB not less than two (2) market days prior to the stipulated closing date.
This announcement is dated 5 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MINPLY HOLDINGS (M) BERHAD
Stock Name: MINPLY
Date Announced: 05/07/2010
Announcement Detail:
Title / Description: MINPLY HOLDINGS (M) BERHAD ("MHB" OR THE "COMPANY")
Renounceable rights issue of up to 132,000,000 new ordinary shares of RM0.20 each in MHB ("Rights Shares") together with up to 88,000,000 new free detachable warrants ("Warrants") on the basis of three (3) Rights Shares and two (2) Warrants for every one (1) existing ordinary share of RM0.20 each held in MHB at 5.00 p.m. on 19 July 2010 at an issue price of RM0.20 per Rights Share payable in full upon acceptance ("Rights Issue")
Despatch Date: 21/07/2010
Remarks: The last date of acceptance and payment as well as excess share application and payment is 3 August 2010 or any such later date and time as may be determined and announced by the Directors of MHB not less than two (2) market days prior to the stipulated closing date.
This announcement is dated 5 July 2010.
MINPLY - Rights Issue
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MINPLY HOLDINGS (M) BERHAD
Stock Name: MINPLY
Date Announced: 05/07/2010
Announcement Detail:
EX-date: 15/07/2010
Entitlement date: 19/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Rights Issue
Entitlement description: Renounceable rights issue of up to 132,000,000 new ordinary shares of RM0.20 each in Minply Holdings (M) Berhad ("MHB") ("Rights Shares") together with up to 88,000,000 new free detachable warrants ("Warrants") on the basis of three (3) Rights Shares and two (2) Warrants for every one (1) existing ordinary share of RM0.20 each held in MHB at 5.00 p.m. on 19 July 2010 at an issue price of RM0.20 per Rights Share payable in full upon acceptance ("Rights 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: Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara
Damansara Heights
50490, Kuala Lumpur
Telephone: (603) 2084 9000
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 19/07/2010
Entitlement indicator: Ratio
Ratio: 3 : 1
Rights Issues/Offer Price: 0.2
Remarks: The renounceable entitlements to the Rights Shares with Warrants must be subscribed by the entitled shareholders whose name appear in the Record of Depositors of MHB at 5.00 p.m. on 19 July 2010 ("Entitled Shareholders") in full or part (subject to the subscription of the Rights Shares with Warrants in an equal proportion), as a package and not to be subscribed separately or disproportionately.
Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares provisionally allotted to them under the Rights Issue with Warrants will simultaneously relinquish their corresponding entitlements to the Rights Shares including their corresponding entitlements to the Warrants.
The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.
This announcement is dated 5 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MINPLY HOLDINGS (M) BERHAD
Stock Name: MINPLY
Date Announced: 05/07/2010
Announcement Detail:
EX-date: 15/07/2010
Entitlement date: 19/07/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Rights Issue
Entitlement description: Renounceable rights issue of up to 132,000,000 new ordinary shares of RM0.20 each in Minply Holdings (M) Berhad ("MHB") ("Rights Shares") together with up to 88,000,000 new free detachable warrants ("Warrants") on the basis of three (3) Rights Shares and two (2) Warrants for every one (1) existing ordinary share of RM0.20 each held in MHB at 5.00 p.m. on 19 July 2010 at an issue price of RM0.20 per Rights Share payable in full upon acceptance ("Rights 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: Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara
Damansara Heights
50490, Kuala Lumpur
Telephone: (603) 2084 9000
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 19/07/2010
Entitlement indicator: Ratio
Ratio: 3 : 1
Rights Issues/Offer Price: 0.2
Remarks: The renounceable entitlements to the Rights Shares with Warrants must be subscribed by the entitled shareholders whose name appear in the Record of Depositors of MHB at 5.00 p.m. on 19 July 2010 ("Entitled Shareholders") in full or part (subject to the subscription of the Rights Shares with Warrants in an equal proportion), as a package and not to be subscribed separately or disproportionately.
Entitled Shareholders who renounce all or any part of their entitlements to the Rights Shares provisionally allotted to them under the Rights Issue with Warrants will simultaneously relinquish their corresponding entitlements to the Rights Shares including their corresponding entitlements to the Warrants.
The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be sent to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.
This announcement is dated 5 July 2010.
TRACOMA - General Announcement
Announcement Type: General Announcement
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: TRACOMA HOLDINGS BERHAD ("TRACOMA") or ("the Company")
- Disclosure of Dealings in Securities Pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), TRACOMA wishes to notify Bursa Securities that the Company has on 1 July 2010 received a notification from En. Mohamed Shah bin Abu Bakar, a Non-Independent Non-Executive Director of TRACOMA, of his intention to deal in the securities of the Company. The final transfer of shares is only effected after completion of the Sale & Purchase Agreement.
En. Mohamed Shah's current shareholding in the Company is as per the table below.
This announcement is dated 5 July 2010.
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: TRACOMA HOLDINGS BERHAD ("TRACOMA") or ("the Company")
- Disclosure of Dealings in Securities Pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), TRACOMA wishes to notify Bursa Securities that the Company has on 1 July 2010 received a notification from En. Mohamed Shah bin Abu Bakar, a Non-Independent Non-Executive Director of TRACOMA, of his intention to deal in the securities of the Company. The final transfer of shares is only effected after completion of the Sale & Purchase Agreement.
En. Mohamed Shah's current shareholding in the Company is as per the table below.
This announcement is dated 5 July 2010.
TRACOMA - General Announcement
Announcement Type: General Announcement
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: TRACOMA HOLDINGS BERHAD ("TRACOMA" or "the Company")
- Public Shareholding Spread Requirement Pursuant To Paragraph 8.02(1) of The Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR")
Contents: TRACOMA would like to announce that the public shareholding spread of Tracoma as at 30 June 2010 was 24.21%. Tracoma did not comply with the minimum public spread of 25.00%.
However, Bursa Malaysia Securities Berhad had via its letter dated 2 July 2010 granted the Company a further extension of time of six (6) months until 31 December 2010 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main LR.
The Company had informed its major shareholders of the non-compliance and suggested to exercise public placements of their current shareholdings to meet the definition of a public shareholding spread pursuant to the Main LR ("Rectification Plan"). The Company has until 31 December 2010 to fully meet the requirement.
This announcement is dated 5 July 2010.
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: TRACOMA HOLDINGS BERHAD ("TRACOMA" or "the Company")
- Public Shareholding Spread Requirement Pursuant To Paragraph 8.02(1) of The Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR")
Contents: TRACOMA would like to announce that the public shareholding spread of Tracoma as at 30 June 2010 was 24.21%. Tracoma did not comply with the minimum public spread of 25.00%.
However, Bursa Malaysia Securities Berhad had via its letter dated 2 July 2010 granted the Company a further extension of time of six (6) months until 31 December 2010 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main LR.
The Company had informed its major shareholders of the non-compliance and suggested to exercise public placements of their current shareholdings to meet the definition of a public shareholding spread pursuant to the Main LR ("Rectification Plan"). The Company has until 31 December 2010 to fully meet the requirement.
This announcement is dated 5 July 2010.
MAHSING - General Announcement
Announcement Type: General Announcement
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
PROPOSED JOINT DEVELOPMENT OF A PIECE OF PRIME RESIDENTIAL LAND IN KINRARA OF APPROXIMATELY 13.2 ACRES (GROSS) THROUGH THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, GRAND PRESTIGE DEVELOPMENT SDN BHD WITH MEDAN DAMAI SDN BHD ("PROPOSED JOINT DEVELOPMENT")
Contents: The Board of Directors ("Board") of Mah Sing wishes to announce that its wholly-owned subsidiary, Grand Prestige Development Sdn Bhd ("Grand Prestige" or "Developer") had on 5 July 2010 entered into a Joint Venture Agreement ("JVA") with Medan Damai Sdn Bhd ("Medan Damai" or "Landowner") for the joint development of a piece of residential land in Kinrara with total gross area measuring approximately 13.2 acres ("JV Land"). Under the terms of the JVA, Medan Damai shall grant Grand Prestige the exclusive rights to continue with the sales and development of the JV Land in return for an entitlement sum of RM35,403,863.85 which will be paid progressively over a period of 12 months.
Please refer the attachment for the details of the Proposed Joint Development.
This announcement is dated 5 July 2010.
Attachments: annoucement.pdf
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
PROPOSED JOINT DEVELOPMENT OF A PIECE OF PRIME RESIDENTIAL LAND IN KINRARA OF APPROXIMATELY 13.2 ACRES (GROSS) THROUGH THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, GRAND PRESTIGE DEVELOPMENT SDN BHD WITH MEDAN DAMAI SDN BHD ("PROPOSED JOINT DEVELOPMENT")
Contents: The Board of Directors ("Board") of Mah Sing wishes to announce that its wholly-owned subsidiary, Grand Prestige Development Sdn Bhd ("Grand Prestige" or "Developer") had on 5 July 2010 entered into a Joint Venture Agreement ("JVA") with Medan Damai Sdn Bhd ("Medan Damai" or "Landowner") for the joint development of a piece of residential land in Kinrara with total gross area measuring approximately 13.2 acres ("JV Land"). Under the terms of the JVA, Medan Damai shall grant Grand Prestige the exclusive rights to continue with the sales and development of the JV Land in return for an entitlement sum of RM35,403,863.85 which will be paid progressively over a period of 12 months.
Please refer the attachment for the details of the Proposed Joint Development.
This announcement is dated 5 July 2010.
Attachments: annoucement.pdf
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