CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22 July 2010
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22 July 2010
Contents: NAV per unit (RM): 1.4148
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 8899.49
Attachments: CIMB FTSE ASEAN 40 Malaysia 20100722.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22 July 2010
Contents: NAV per unit (RM): 1.4148
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 8899.49
Attachments: CIMB FTSE ASEAN 40 Malaysia 20100722.pdf
CIMBX25 - CIMB FTSE Xinhua China 25 - Valuation Point as at 22 July 2010
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 22 July 2010
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0260
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,857.06
Attachments: CIMB FTSE Xinhua China 25 20100722.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 22 July 2010
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0260
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,857.06
Attachments: CIMB FTSE Xinhua China 25 20100722.pdf
NSTP - General Announcement
Announcement Type: General Announcement
Company Name: THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD
Stock Name: NSTP
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: VOLUNTARY WITHDRAWAL OF LISTING OF THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD ("NSTP") FROM THE OFFICIAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PURSUANT TO PARAGRAPH 16.05 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES ("DE-LISTING") - SUSPENSION OF TRADING OF NSTP SHARES
Contents: Reference is made to the announcements dated 28 June 2010 and 22 July 2010 in relation to the De-Listing.
CIMB Investment Bank Berhad has, on behalf of Media Prima Berhad ("MPB"), notified NSTP via its press notice dated 22 July 2010, that MPB currently holds more than 90% of the listed NSTP shares as a result of the unconditional take-over offer by MPB of all the remaining NSTP shares in conjunction with the De-Listing.
As set out in the announcement made pursuant to Paragraph 9.19(48) of the Main Market Listing Requirements of Bursa Securities by MPB dated 22 July 2010 ("MPB Announcement"), Bursa Securities will suspend the trading of the NSTP shares upon the expiry of five (5) market days from the date of the MPB Announcement i.e. the suspension will be effected from 9.00 a.m. (Malaysian time) on Friday, 30 July 2010.
A copy of the abovementioned press notice issued by CIMB dated 22 July 2010 is attached herewith.
This announcement is dated 22 July 2010.
Attachments: MPB_PressNotice_220710.pdf
Company Name: THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD
Stock Name: NSTP
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: VOLUNTARY WITHDRAWAL OF LISTING OF THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD ("NSTP") FROM THE OFFICIAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PURSUANT TO PARAGRAPH 16.05 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES ("DE-LISTING") - SUSPENSION OF TRADING OF NSTP SHARES
Contents: Reference is made to the announcements dated 28 June 2010 and 22 July 2010 in relation to the De-Listing.
CIMB Investment Bank Berhad has, on behalf of Media Prima Berhad ("MPB"), notified NSTP via its press notice dated 22 July 2010, that MPB currently holds more than 90% of the listed NSTP shares as a result of the unconditional take-over offer by MPB of all the remaining NSTP shares in conjunction with the De-Listing.
As set out in the announcement made pursuant to Paragraph 9.19(48) of the Main Market Listing Requirements of Bursa Securities by MPB dated 22 July 2010 ("MPB Announcement"), Bursa Securities will suspend the trading of the NSTP shares upon the expiry of five (5) market days from the date of the MPB Announcement i.e. the suspension will be effected from 9.00 a.m. (Malaysian time) on Friday, 30 July 2010.
A copy of the abovementioned press notice issued by CIMB dated 22 July 2010 is attached herewith.
This announcement is dated 22 July 2010.
Attachments: MPB_PressNotice_220710.pdf
CAMRES - General Announcement
Announcement Type: General Announcement
Company Name: CAM RESOURCES BERHAD
Stock Name: CAMRES
Date Announced: 22/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100720-32654
Subject: CAM RESOURCES BERHAD ("CAM" or "the Company")
PROPOSED ACQUISITION OF LAND AND PLANT AND EQUIPMENT ("PROPOSED ACQUISITION")
Contents: We refer to our earlier announcement dated 19 July 2010 ("First Announcement") and Bursa Malaysia Securities Berhad's query letter dated 21 July 2010 in relation to the Proposed Acquisition. Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as defined in the said First Announcement. In this respect, the Company wishes to inform the additional information as set out in the attachment below.
This announcement is dated 22 July 2010.
Query Letter content: We refer to your Company's announcement dated 19 July 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release :-
Basis and justification in arriving at the purchase consideration of
RM11,000,000 and whether any valuation was carried out on the land and plant
and equipment. If so, state the name of independent valuer, date and method of
valuation and quantification of market value;
Net book value of the land, factory building and plant and equipment based on
its latest audited accounts;
Terms of the tenure of the land. If leasehold, the expiry date of the lease;
Description of factory building i.e. total size, no. of storey, age of building
etc;
Whether the 3 pieces of lands are adjacent to each other;
The current usage and intended use of the land and factory building;
If the land is currently planted with palm oil, the information on maturity of
trees and the production for the past 3 years;
The prospects and risks factors for venturing into processing oil palm fiber;
The benefit that is expected to accrue to your Company arising from the
Proposed Acquisition and involvement in processing oil palm fiber;
The estimated time frame to complete the Proposed Acquisition;
The highest percentage ratio applicable to the Proposed Acquisition pursuant to
paragraph 10.02(g) of the Listing Requirements ("LR");
Effect of gearing assuming the source of financing is entirely from bank
borrowings;
Nature of the plant and equipment; and
A confirmation on whether the Proposed Acquisition will result in the
diversification in operations of your Company, as stated under paragraph 10.13
of the LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Attachments: Additional Information-Proposed Acquisition of Properties.pdf
Company Name: CAM RESOURCES BERHAD
Stock Name: CAMRES
Date Announced: 22/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100720-32654
Subject: CAM RESOURCES BERHAD ("CAM" or "the Company")
PROPOSED ACQUISITION OF LAND AND PLANT AND EQUIPMENT ("PROPOSED ACQUISITION")
Contents: We refer to our earlier announcement dated 19 July 2010 ("First Announcement") and Bursa Malaysia Securities Berhad's query letter dated 21 July 2010 in relation to the Proposed Acquisition. Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as defined in the said First Announcement. In this respect, the Company wishes to inform the additional information as set out in the attachment below.
This announcement is dated 22 July 2010.
Query Letter content: We refer to your Company's announcement dated 19 July 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release :-
Basis and justification in arriving at the purchase consideration of
RM11,000,000 and whether any valuation was carried out on the land and plant
and equipment. If so, state the name of independent valuer, date and method of
valuation and quantification of market value;
Net book value of the land, factory building and plant and equipment based on
its latest audited accounts;
Terms of the tenure of the land. If leasehold, the expiry date of the lease;
Description of factory building i.e. total size, no. of storey, age of building
etc;
Whether the 3 pieces of lands are adjacent to each other;
The current usage and intended use of the land and factory building;
If the land is currently planted with palm oil, the information on maturity of
trees and the production for the past 3 years;
The prospects and risks factors for venturing into processing oil palm fiber;
The benefit that is expected to accrue to your Company arising from the
Proposed Acquisition and involvement in processing oil palm fiber;
The estimated time frame to complete the Proposed Acquisition;
The highest percentage ratio applicable to the Proposed Acquisition pursuant to
paragraph 10.02(g) of the Listing Requirements ("LR");
Effect of gearing assuming the source of financing is entirely from bank
borrowings;
Nature of the plant and equipment; and
A confirmation on whether the Proposed Acquisition will result in the
diversification in operations of your Company, as stated under paragraph 10.13
of the LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Attachments: Additional Information-Proposed Acquisition of Properties.pdf
LAYHONG - Final Dividend
Announcement Type: General Announcement
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: Final Dividend
Contents: We wish to announce that the Board of Directors had recommended a final dividend
of 3% less 25% income tax in respect of the financial year ended March 31 2010
subject to the approval by Shareholders at the forthcoming Annual General Meeting
of the Company.
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: Final Dividend
Contents: We wish to announce that the Board of Directors had recommended a final dividend
of 3% less 25% income tax in respect of the financial year ended March 31 2010
subject to the approval by Shareholders at the forthcoming Annual General Meeting
of the Company.
LINEAR - General Announcement
Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 22/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: RZ-100722-58292
Subject: Linear Corporation Berhad ("Linear" or "Company")
Article in The Star, Starbiz, Thursday, 22 July 2010 -
4 claim US$65m lossess from fraud
Contents: Following the article in The Star Biz of 22.07.10, titled "4 M'sians claim US$65 m losses from fraud",
the Board of Linear wishes to make the following announcement:
1) We received an email dated 21.07.10 from Messrs Sivananthan, Advocates & Solicitors acting for
Alan Rajendram, a former director of the Company of an alleged fraud to a total of
USD8,087,217.71 has been committed on the Company's two subsidiaries namely :
LCI Global Sdn. Bhd. - USD3,127,296.36
Imux (Asia) Ltd - USD4,959,921.35
by a Swedish Financial Credit Union known as Prime Savings and Trust Ekonomisk forening
("PST"), Sweden.
In this connection Datuk N Sivananthan had through his Swedish solicitors, Advokatfirman Lindahi
KB filed a notice of suspicious activities with the Swedish Financial supervisory Authority ("FSA")
on this matter, as it needed to be investigated.
2) Company through its solicitors will be writing to Alan Rajendram to obtain further particulars of the
claim of the fraud.
3) Further information would be released as soon as it is made available to the Company.
4) The Board of Linear had no knowledge of Datuk Siva's purported appointment nor do they approve
of Datuk Siva's actions in Malaysia and in Sweden in purportedly acting for the wholly owned
subsidiaries of Linear, namely Imux (Asia) Ltd and LCI Global Sdn. Bhd.
5) The Board of Linear have not authorized nor have they ever authorised the alleged filing of action in
Sweden by the Swedish solicitors as alleged by Datuk Siva.
On 21.06.10, Linear had made an Announcement to Bursa confirming that "a sum of RM36 million has
been advanced by its subsidiary LCI Global Sdn. Bhd. to Global Investment Group Inc ("GIG") in
relation to the King Dome Project as a result of actions by a Director who acted on his own without
the Board's approval."
The funds for the King Dome Project were paid out from the two accounts in PST where the alleged
fraud is claimed to have been made. At the Board meeting on 18.05.10, Mr. Alan Rajendram
attended and confirmed that he had committed the sum of RM36 million to GIG which is confirmed
in Mr. Alan Rajendram's Letter of Indemnity dated 17.06.10 to Linear that he agree to fully indemnify
the Company and its members, shareholders, and directors to the full extent of RM36 million in the
event he fails to deliver the King Dome Project by Linear by 30.11.10.
The accounting records of both the subsidiaries reflect that whatever monies that were recorded in
the PST accounts have been wholly paid out on the instruction of Mr. Alan Rajendram to Global
Investment Group Inc. as performance consideration sum in respect of the award of contract for the
district cooling plant in relation to the King Dome project.
This announcement is dated 22nd day of July 2010.
Query Letter content: We refer to the above article appearing in The Star, Starbiz, Front Page on
Thursday, 22 July 2010, a copy of which is enclosed for your reference.
In accordance with the Bursa Securities' Corporate Disclosure Policy as
stipulated under Paragraph 9.09 and 9.10 of the Main Market Listing
Requirements ("Main LR"), the Company is hereby advised to furnish Bursa
Securities with an announcement for public release to confirm or deny the
abovementioned article particularly on areas concerning LINEAR after due and
diligent enquiry with all the directors, major shareholders and all such
persons reasonably familiar with the matter.
In the event the Company denies the content of the abovementioned article,
partly or wholly, the Company is required to set forth facts sufficient to
clarify any misleading aspects of the same. In the event the Company confirms
the content of the abovementioned article, partly or wholly, the Company is
required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply on immediate basis today.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
WCY/RZ
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 22/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: RZ-100722-58292
Subject: Linear Corporation Berhad ("Linear" or "Company")
Article in The Star, Starbiz, Thursday, 22 July 2010 -
4 claim US$65m lossess from fraud
Contents: Following the article in The Star Biz of 22.07.10, titled "4 M'sians claim US$65 m losses from fraud",
the Board of Linear wishes to make the following announcement:
1) We received an email dated 21.07.10 from Messrs Sivananthan, Advocates & Solicitors acting for
Alan Rajendram, a former director of the Company of an alleged fraud to a total of
USD8,087,217.71 has been committed on the Company's two subsidiaries namely :
LCI Global Sdn. Bhd. - USD3,127,296.36
Imux (Asia) Ltd - USD4,959,921.35
by a Swedish Financial Credit Union known as Prime Savings and Trust Ekonomisk forening
("PST"), Sweden.
In this connection Datuk N Sivananthan had through his Swedish solicitors, Advokatfirman Lindahi
KB filed a notice of suspicious activities with the Swedish Financial supervisory Authority ("FSA")
on this matter, as it needed to be investigated.
2) Company through its solicitors will be writing to Alan Rajendram to obtain further particulars of the
claim of the fraud.
3) Further information would be released as soon as it is made available to the Company.
4) The Board of Linear had no knowledge of Datuk Siva's purported appointment nor do they approve
of Datuk Siva's actions in Malaysia and in Sweden in purportedly acting for the wholly owned
subsidiaries of Linear, namely Imux (Asia) Ltd and LCI Global Sdn. Bhd.
5) The Board of Linear have not authorized nor have they ever authorised the alleged filing of action in
Sweden by the Swedish solicitors as alleged by Datuk Siva.
On 21.06.10, Linear had made an Announcement to Bursa confirming that "a sum of RM36 million has
been advanced by its subsidiary LCI Global Sdn. Bhd. to Global Investment Group Inc ("GIG") in
relation to the King Dome Project as a result of actions by a Director who acted on his own without
the Board's approval."
The funds for the King Dome Project were paid out from the two accounts in PST where the alleged
fraud is claimed to have been made. At the Board meeting on 18.05.10, Mr. Alan Rajendram
attended and confirmed that he had committed the sum of RM36 million to GIG which is confirmed
in Mr. Alan Rajendram's Letter of Indemnity dated 17.06.10 to Linear that he agree to fully indemnify
the Company and its members, shareholders, and directors to the full extent of RM36 million in the
event he fails to deliver the King Dome Project by Linear by 30.11.10.
The accounting records of both the subsidiaries reflect that whatever monies that were recorded in
the PST accounts have been wholly paid out on the instruction of Mr. Alan Rajendram to Global
Investment Group Inc. as performance consideration sum in respect of the award of contract for the
district cooling plant in relation to the King Dome project.
This announcement is dated 22nd day of July 2010.
Query Letter content: We refer to the above article appearing in The Star, Starbiz, Front Page on
Thursday, 22 July 2010, a copy of which is enclosed for your reference.
In accordance with the Bursa Securities' Corporate Disclosure Policy as
stipulated under Paragraph 9.09 and 9.10 of the Main Market Listing
Requirements ("Main LR"), the Company is hereby advised to furnish Bursa
Securities with an announcement for public release to confirm or deny the
abovementioned article particularly on areas concerning LINEAR after due and
diligent enquiry with all the directors, major shareholders and all such
persons reasonably familiar with the matter.
In the event the Company denies the content of the abovementioned article,
partly or wholly, the Company is required to set forth facts sufficient to
clarify any misleading aspects of the same. In the event the Company confirms
the content of the abovementioned article, partly or wholly, the Company is
required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply on immediate basis today.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
WCY/RZ
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
LKT - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: LKT INDUSTRIAL BERHAD
Stock Name: LKT
Date Announced: 22/07/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 1
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: LKT INDUSTRIAL BERHAD
Stock Name: LKT
Date Announced: 22/07/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 1
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
LKT - General Announcement
Announcement Type: General Announcement
Company Name: LKT INDUSTRIAL BERHAD
Stock Name: LKT
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: LKT INDUSTRIAL BERHAD ('LKT' OR 'COMPANY')
NON COMPLIANCE WITH THE PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.15 (1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD - QUARTERLY STATUS ANNOUNCEMENT
Contents: On behalf of LKT, we hereby announce that the percentage of public shareholding spread based on the Record of Depositors as at 30 June 2010 was 4.46%. The Company does not comply with the public shareholding spread percentage of 25% of its listed shares in the hands of public shareholders pursuant to paragraph 8.02(1) of the Main Market Listing Requirements.
On 4 March 2010, Bursa has granted the Company a further extension of time of up to the date of the delisting of LKT from the Official List of Bursa Securities, to resolve the non-compliance with the public shareholding spread requirement under Paragraph 8.02(1) of the Listing Requirements ("LR"). On the same day, trading in LKT shares has been suspended with effect from 9.00 a.m., Thursday, 4 March 2010 pursuant to Paragraph 16.02(3) of the Main Market LR.
On 9 March 2010, the Company has, on the even date, received a notification of approval from Bursa Securities pursuant to the Company's Withdrawal Application. The de-listing of the Company will take place after Bursa Securities' receipt of the following documents: -
1. Confirmation from the Company that all conditions, including conditions imposed by the relevant authorities which are required to be met prior to the de-listing have been met;
2. Confirmation from the Company that there are no circumstances or facts which have the effect of preventing or prohibiting the de-listing including any order, injunction or any other directive issued by any court of law; and
3. Confirmation from the Company that the exit offer in conjunction with LKT's voluntary Withdrawal Application including the settlement of the consideration of the exit offer to the accepting holders has been completed.
Bursa Securities will notify the Securities Commission the effective date of the de-listing of the Company in due course.
On 15 April 2010, the Company received the press release from HwangDBS Investment Bank ("HwangDBS") on behalf of SPE, stating that pursuant to Section 34A of the SCA / Section 223(2) of the Capital Markets and Services Act, 2007 ("CMSA"), SPE is required to serve a notice to the shareholders of LKT who have not accepted the Offer ("Notice to Shareholders") prescribing the rights exercisable by the shareholders of LKT under Section 34A of the SCA / Section 223(1) of the CMSA within one month from the Closing Date. The Securities Commission has vide its letter dated 23 April 2010 (which was received on 27 April 2010) approved SPE's application for an extension of time for the posting of the Notice to Shareholders.
The completion of the proposed de-listing exercise is still pending.
This announcement is dated 22 July 2010.
Company Name: LKT INDUSTRIAL BERHAD
Stock Name: LKT
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: LKT INDUSTRIAL BERHAD ('LKT' OR 'COMPANY')
NON COMPLIANCE WITH THE PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.15 (1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD - QUARTERLY STATUS ANNOUNCEMENT
Contents: On behalf of LKT, we hereby announce that the percentage of public shareholding spread based on the Record of Depositors as at 30 June 2010 was 4.46%. The Company does not comply with the public shareholding spread percentage of 25% of its listed shares in the hands of public shareholders pursuant to paragraph 8.02(1) of the Main Market Listing Requirements.
On 4 March 2010, Bursa has granted the Company a further extension of time of up to the date of the delisting of LKT from the Official List of Bursa Securities, to resolve the non-compliance with the public shareholding spread requirement under Paragraph 8.02(1) of the Listing Requirements ("LR"). On the same day, trading in LKT shares has been suspended with effect from 9.00 a.m., Thursday, 4 March 2010 pursuant to Paragraph 16.02(3) of the Main Market LR.
On 9 March 2010, the Company has, on the even date, received a notification of approval from Bursa Securities pursuant to the Company's Withdrawal Application. The de-listing of the Company will take place after Bursa Securities' receipt of the following documents: -
1. Confirmation from the Company that all conditions, including conditions imposed by the relevant authorities which are required to be met prior to the de-listing have been met;
2. Confirmation from the Company that there are no circumstances or facts which have the effect of preventing or prohibiting the de-listing including any order, injunction or any other directive issued by any court of law; and
3. Confirmation from the Company that the exit offer in conjunction with LKT's voluntary Withdrawal Application including the settlement of the consideration of the exit offer to the accepting holders has been completed.
Bursa Securities will notify the Securities Commission the effective date of the de-listing of the Company in due course.
On 15 April 2010, the Company received the press release from HwangDBS Investment Bank ("HwangDBS") on behalf of SPE, stating that pursuant to Section 34A of the SCA / Section 223(2) of the Capital Markets and Services Act, 2007 ("CMSA"), SPE is required to serve a notice to the shareholders of LKT who have not accepted the Offer ("Notice to Shareholders") prescribing the rights exercisable by the shareholders of LKT under Section 34A of the SCA / Section 223(1) of the CMSA within one month from the Closing Date. The Securities Commission has vide its letter dated 23 April 2010 (which was received on 27 April 2010) approved SPE's application for an extension of time for the posting of the Notice to Shareholders.
The completion of the proposed de-listing exercise is still pending.
This announcement is dated 22 July 2010.
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