IRIS - General Announcement
Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
AGREEMENT WITH KOPERASI ATLET MALAYSIA BERHAD FOR THE GOLDEN MELON FARMING PROJECT ("AGREEMENT")
Contents: 1. INTRODUCTION
We refer to the previous announcement made on 5 November 2009 in relation to the memorandum of understanding that had been entered into between ICB and Koperasi Atlet Malaysia Berhad ("KAMB") for the implementation of AutoPot Systems Farming Project in Perak ("Project").
Further thereto, the Board of Directors of ICB ("Board") is pleased to announce that ICB had on 8 July 2010, entered into an agreement with KAMB to appoint ICB as a turnkey contractor for the implementation of the Golden Melon Farming Project in Tanjung Tualang, Perak.
2. SALIENT TERMS OF THE AGREEMENT
The salient terms of the Agreement are as follows:-
(a) The implementation of the Project shall be conditional upon KAMB obtaining and/or securing financial assistance or financing facility;
(b) The implementation of the Project shall be completed within the period of twenty-four (24) months upon KAMB obtaining and/or securing financial assistance or financing facility;
(c) Subject to the provisions of the Agreement, ICB agrees to provide amongst others, the following services:-
(i) To advise KAMB on the feasibility of schemes of development of the land including to study, design, deploy and implement the Project;
(ii) To co-ordinate and supervise the carrying out of the Project;
(iii) To advise KAMB financial viability of the Project and funding monitoring cost and to exercise cost control; and
(iv) To train KAMB's nominated employees in accordance with Clause 11 of the Agreement;
(d) The legal and beneficial ownership of the Project and the deliverables shall pass to KAMB on payment in full of the price of the Project and any other sums which may then be due under the Agreement; and
(e) In consideration of the services provided by ICB, KAMB shall pay RM50 million to ICB in accordance with the implementation plan.
3. INFORMATION ON KAMB
KAMB is a co-operative company established in Malaysia under the Co-Operative Societies Act, 1993 and having its corporate office at Yayasan Kebajikan Atlet Malaysia, Aras 2, Stadium Nasional, Kompleks Sukan Negara, Bukit Jalil, 57700 Kuala Lumpur.
4. RATIONALE OF THE AGREEMENT
The supply of the Autopot Systems is in the ordinary course of business of ICB and would provide ICB with another future stream of revenue income.
5. SOURCES OF FUNDING
The Project will be funded by a combination of internally generated funds and bank borrowings.
6. RISK FACTOR
Project Risk
The implementation of the Project is subject to certain risks inherent in the farming solutions business. These include but are not limited to the advancement in technology costs, availability of trained skilled workers in environment technologies, increases in the cost of labour, competition, changes in general economic, business and interest rate conditions and changes in the legal environment framework within which the industry operates, timely completion of the Project, obtaining sufficient funds to finance the Project and failure or delay in the implementation of the Project. In addition, there is also no assurance that the anticipated benefits from the Project will be realised, and that ICB will be able to generate sufficient revenue from the Project to offset the associated cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the Project and will take appropriate measures in planning the successful integration of the Agreement with ICB's current business operations. Further, ICB and its subsidiaries ("ICB Group") are committed towards the close monitoring of the development of the Project in order to minimise any implementation issues or delays.
7. FINANCIAL EFFECTS OF THE AGREEMENT
The Agreement will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the Agreement will contribute positively to the earnings and earnings per share of the ICB Group in the future.
8. APPROVALS REQUIRED
The Agreement does not require the approval of ICB's shareholders or any other relevant government authorities.
9. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreement.
10. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the Agreement (including but not limited to the rationale and financial effects of the Agreement), is of the opinion that the Agreement is fair, reasonable and is in the best interest of the ICB Group.
11. DOCUMENT FOR INSPECTION
The Agreement dated 8 July 2010 is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 8 July 2010.
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
AGREEMENT WITH KOPERASI ATLET MALAYSIA BERHAD FOR THE GOLDEN MELON FARMING PROJECT ("AGREEMENT")
Contents: 1. INTRODUCTION
We refer to the previous announcement made on 5 November 2009 in relation to the memorandum of understanding that had been entered into between ICB and Koperasi Atlet Malaysia Berhad ("KAMB") for the implementation of AutoPot Systems Farming Project in Perak ("Project").
Further thereto, the Board of Directors of ICB ("Board") is pleased to announce that ICB had on 8 July 2010, entered into an agreement with KAMB to appoint ICB as a turnkey contractor for the implementation of the Golden Melon Farming Project in Tanjung Tualang, Perak.
2. SALIENT TERMS OF THE AGREEMENT
The salient terms of the Agreement are as follows:-
(a) The implementation of the Project shall be conditional upon KAMB obtaining and/or securing financial assistance or financing facility;
(b) The implementation of the Project shall be completed within the period of twenty-four (24) months upon KAMB obtaining and/or securing financial assistance or financing facility;
(c) Subject to the provisions of the Agreement, ICB agrees to provide amongst others, the following services:-
(i) To advise KAMB on the feasibility of schemes of development of the land including to study, design, deploy and implement the Project;
(ii) To co-ordinate and supervise the carrying out of the Project;
(iii) To advise KAMB financial viability of the Project and funding monitoring cost and to exercise cost control; and
(iv) To train KAMB's nominated employees in accordance with Clause 11 of the Agreement;
(d) The legal and beneficial ownership of the Project and the deliverables shall pass to KAMB on payment in full of the price of the Project and any other sums which may then be due under the Agreement; and
(e) In consideration of the services provided by ICB, KAMB shall pay RM50 million to ICB in accordance with the implementation plan.
3. INFORMATION ON KAMB
KAMB is a co-operative company established in Malaysia under the Co-Operative Societies Act, 1993 and having its corporate office at Yayasan Kebajikan Atlet Malaysia, Aras 2, Stadium Nasional, Kompleks Sukan Negara, Bukit Jalil, 57700 Kuala Lumpur.
4. RATIONALE OF THE AGREEMENT
The supply of the Autopot Systems is in the ordinary course of business of ICB and would provide ICB with another future stream of revenue income.
5. SOURCES OF FUNDING
The Project will be funded by a combination of internally generated funds and bank borrowings.
6. RISK FACTOR
Project Risk
The implementation of the Project is subject to certain risks inherent in the farming solutions business. These include but are not limited to the advancement in technology costs, availability of trained skilled workers in environment technologies, increases in the cost of labour, competition, changes in general economic, business and interest rate conditions and changes in the legal environment framework within which the industry operates, timely completion of the Project, obtaining sufficient funds to finance the Project and failure or delay in the implementation of the Project. In addition, there is also no assurance that the anticipated benefits from the Project will be realised, and that ICB will be able to generate sufficient revenue from the Project to offset the associated cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the Project and will take appropriate measures in planning the successful integration of the Agreement with ICB's current business operations. Further, ICB and its subsidiaries ("ICB Group") are committed towards the close monitoring of the development of the Project in order to minimise any implementation issues or delays.
7. FINANCIAL EFFECTS OF THE AGREEMENT
The Agreement will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the Agreement will contribute positively to the earnings and earnings per share of the ICB Group in the future.
8. APPROVALS REQUIRED
The Agreement does not require the approval of ICB's shareholders or any other relevant government authorities.
9. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreement.
10. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the Agreement (including but not limited to the rationale and financial effects of the Agreement), is of the opinion that the Agreement is fair, reasonable and is in the best interest of the ICB Group.
11. DOCUMENT FOR INSPECTION
The Agreement dated 8 July 2010 is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 8 July 2010.
IRIS - General Announcement
Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN ICB AND THE GOVERNMENT OF THE REPUBLIC OF SENEGAL ("MOU")
Contents: 1. INTRODUCTION
The Board of Directors of ICB ("Board") is pleased to announce that ICB had on 5 July 2010, entered into a MOU with the Ministry of Interior of the Government of the Republic of Senegal ("GRS") in relation to the implementation of the following systems:-
(a) The integration of the electronic passport and identification card ("ID") systems;
(b) The development of systems and supply of cards for the driving licenses and car registration needs; and
(c) The development of systems and supply of cards for expatriates ID and foreigners' work permits.
The above-mentioned systems are collectively referred to as the "Projects".
2. SALIENT TERMS OF THE MOU
The salient terms of the MOU are as follows:-
(a) GRS and ICB will jointly study the offers prepared by ICB and collaborate towards the implementation of the Projects within a period of six (6) months; and
(b) GRS and ICB agreed to revisit the offers previously prepared in 2008 and 2009 in order to ensure that the quantities, offered technologies and the prices are congruent with the progress of the Projects.
3. RATIONALE OF THE MOU
The Projects with GRS represent another source of revenue to ICB's operations, which are expected to contribute positively towards the future earnings of ICB and its subsidiaries ("ICB Group").
4. RISKS FACTORS
4.1 Business Risk
Like all business entities, risk factors affecting the MOU include but are not limited to execution risks such as business expansion, prudent financial management, changes in price materials, changes in political, economic and regulatory conditions. In addition, there is also no assurance that the anticipated benefits from the MOU will be realised, and that the ICB will be able to generate sufficient revenue from the MOU to offset the associated cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the MOU and will take appropriate measures in planning the successful integration of the MOU with its current business operations. Further, the ICB Group is committed towards the close monitoring of the development of the MOU in order to minimise any implementation issues or delays.
4.2 Political, economic and regulatory considerations
Like all business entities, changes in political, economic and regulatory conditions in Senegal could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in nullification of existing sales orders and contracts, changes in interest rates and method of taxation and currency exchange rules and contracts.
The ICB Group may continue to take effective measures to mitigate such risks. However, there is no assurance that adverse economic, political and regulatory conditions will not materially affect the business activities of the ICB Group.
5. FINANCIAL EFFECTS OF THE MOU
The MOU is not expected to have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the MOU will contribute positively to the earnings and earnings per share of the ICB Group in the future.
6. APPROVALS REQUIRED
The MOU does not require the approval of ICB's shareholders or any other relevant government authorities in Malaysia.
7. DIRECTORS AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the MOU.
8. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the MOU (including but not limited to the rationale and financial effects of the MOU), is of the opinion that the MOU is fair, reasonable and is in the best interest of the ICB Group.
9. DOCUMENT FOR INSPECTION
The MOU dated 5 July 2010 is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 8 July 2010.
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN ICB AND THE GOVERNMENT OF THE REPUBLIC OF SENEGAL ("MOU")
Contents: 1. INTRODUCTION
The Board of Directors of ICB ("Board") is pleased to announce that ICB had on 5 July 2010, entered into a MOU with the Ministry of Interior of the Government of the Republic of Senegal ("GRS") in relation to the implementation of the following systems:-
(a) The integration of the electronic passport and identification card ("ID") systems;
(b) The development of systems and supply of cards for the driving licenses and car registration needs; and
(c) The development of systems and supply of cards for expatriates ID and foreigners' work permits.
The above-mentioned systems are collectively referred to as the "Projects".
2. SALIENT TERMS OF THE MOU
The salient terms of the MOU are as follows:-
(a) GRS and ICB will jointly study the offers prepared by ICB and collaborate towards the implementation of the Projects within a period of six (6) months; and
(b) GRS and ICB agreed to revisit the offers previously prepared in 2008 and 2009 in order to ensure that the quantities, offered technologies and the prices are congruent with the progress of the Projects.
3. RATIONALE OF THE MOU
The Projects with GRS represent another source of revenue to ICB's operations, which are expected to contribute positively towards the future earnings of ICB and its subsidiaries ("ICB Group").
4. RISKS FACTORS
4.1 Business Risk
Like all business entities, risk factors affecting the MOU include but are not limited to execution risks such as business expansion, prudent financial management, changes in price materials, changes in political, economic and regulatory conditions. In addition, there is also no assurance that the anticipated benefits from the MOU will be realised, and that the ICB will be able to generate sufficient revenue from the MOU to offset the associated cost.
Nevertheless, the Board has and will continue to exercise due care in considering the risks and benefits associated with the MOU and will take appropriate measures in planning the successful integration of the MOU with its current business operations. Further, the ICB Group is committed towards the close monitoring of the development of the MOU in order to minimise any implementation issues or delays.
4.2 Political, economic and regulatory considerations
Like all business entities, changes in political, economic and regulatory conditions in Senegal could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in nullification of existing sales orders and contracts, changes in interest rates and method of taxation and currency exchange rules and contracts.
The ICB Group may continue to take effective measures to mitigate such risks. However, there is no assurance that adverse economic, political and regulatory conditions will not materially affect the business activities of the ICB Group.
5. FINANCIAL EFFECTS OF THE MOU
The MOU is not expected to have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the ICB Group for the financial year ending 31 December 2010. Barring unforeseen circumstances, the Board is of the opinion that the MOU will contribute positively to the earnings and earnings per share of the ICB Group in the future.
6. APPROVALS REQUIRED
The MOU does not require the approval of ICB's shareholders or any other relevant government authorities in Malaysia.
7. DIRECTORS AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the MOU.
8. STATEMENT BY DIRECTORS
The Board, having considered all aspects of the MOU (including but not limited to the rationale and financial effects of the MOU), is of the opinion that the MOU is fair, reasonable and is in the best interest of the ICB Group.
9. DOCUMENT FOR INSPECTION
The MOU dated 5 July 2010 is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 8 July 2010.
EFUTURE - Change of Registrar
Announcement Type: Change of Registrar
Company Name: ECOFUTURE BHD (ACE Market)
Stock Name: EFUTURE
Date Announced: 08/07/2010
Announcement Detail:
Old registrar: Symphony Share Registrars Sdn Bhd
New registrar: Securities Services (Holdings) Sdn Bhd
Address: Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Telephone No: 603-20849000
Facsimile No: 603-20949940
Effective date: 06/07/2010
Company Name: ECOFUTURE BHD (ACE Market)
Stock Name: EFUTURE
Date Announced: 08/07/2010
Announcement Detail:
Old registrar: Symphony Share Registrars Sdn Bhd
New registrar: Securities Services (Holdings) Sdn Bhd
Address: Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Telephone No: 603-20849000
Facsimile No: 603-20949940
Effective date: 06/07/2010
EFUTURE - Change of Address
Announcement Type: Change of Address
Company Name: ECOFUTURE BHD (ACE Market)
Stock Name: EFUTURE
Date Announced: 08/07/2010
Announcement Detail:
Change description: Registered
Old address: 312, 3rd Floor,
Block C, Kelana Square,
17, Jalan SS 7/26,
47301 Petaling Jaya,
Selangor Darul Ehsan
New address: Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Telephone no: 603-20849000
Facsimile no: 603-20949940
Effective date: 06/07/2010
Company Name: ECOFUTURE BHD (ACE Market)
Stock Name: EFUTURE
Date Announced: 08/07/2010
Announcement Detail:
Change description: Registered
Old address: 312, 3rd Floor,
Block C, Kelana Square,
17, Jalan SS 7/26,
47301 Petaling Jaya,
Selangor Darul Ehsan
New address: Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Telephone no: 603-20849000
Facsimile no: 603-20949940
Effective date: 06/07/2010
MTOUCHE - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MTOUCHE TECHNOLOGY BERHAD (ACE Market)
Stock Name: MTOUCHE
Date Announced: 08/07/2010
Announcement Detail:
Date of buy back: 08/07/2010
Description of shares purchased: Ordinary Share of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 400,000
Minimum price paid for each share purchased ($$): 0.235
Maximum price paid for each share purchased ($$): 0.240
Total consideration paid ($$): 95,936.02
Number of shares purchased retained in treasury (units): 400,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,487,800
Adjusted issued capital after cancellation (no. of shares) (units): 242,828,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.67
Company Name: MTOUCHE TECHNOLOGY BERHAD (ACE Market)
Stock Name: MTOUCHE
Date Announced: 08/07/2010
Announcement Detail:
Date of buy back: 08/07/2010
Description of shares purchased: Ordinary Share of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 400,000
Minimum price paid for each share purchased ($$): 0.235
Maximum price paid for each share purchased ($$): 0.240
Total consideration paid ($$): 95,936.02
Number of shares purchased retained in treasury (units): 400,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,487,800
Adjusted issued capital after cancellation (no. of shares) (units): 242,828,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.67
TEJARI - General Announcement
Announcement Type: General Announcement
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 08/07/2010
Announcement Detail:
Regularisation Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: Tejari Technologies Berhad ("Company" or "TEJARI")
- Notification of dealings in securities during closed period
Contents: Pursuant to Rule 14.08(d) of the ACE Market Listing Requirements, the Company wishes to announce that Mr. Ooi Chai Huat, a Director of the Company has transacted the securities of TEJARI during closed period. The details are set out in Table A below
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 08/07/2010
Announcement Detail:
Regularisation Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: Tejari Technologies Berhad ("Company" or "TEJARI")
- Notification of dealings in securities during closed period
Contents: Pursuant to Rule 14.08(d) of the ACE Market Listing Requirements, the Company wishes to announce that Mr. Ooi Chai Huat, a Director of the Company has transacted the securities of TEJARI during closed period. The details are set out in Table A below
CIMB - General Announcement
Announcement Type: General Announcement
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING OF CIMB GROUP HOLDINGS BERHAD (FORMERLY KNOWN AS BUMIPUTRA-COMMERCE HOLDINGS BERHAD)
Contents: NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ClMB Group Holdings Berhad (formerly known as Bumiputra-Commerce Holdings Berhad) will be held at Ballroom 3,1st Floor, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur on Monday, 26 July 2010 at 9.30 a.m.
Full text of Notice of EGM is attached herewith.
c.c. Securities Commission
Attachments: EGM Notice 0907.pdf
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF EXTRAORDINARY GENERAL MEETING OF CIMB GROUP HOLDINGS BERHAD (FORMERLY KNOWN AS BUMIPUTRA-COMMERCE HOLDINGS BERHAD)
Contents: NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ClMB Group Holdings Berhad (formerly known as Bumiputra-Commerce Holdings Berhad) will be held at Ballroom 3,1st Floor, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur on Monday, 26 July 2010 at 9.30 a.m.
Full text of Notice of EGM is attached herewith.
c.c. Securities Commission
Attachments: EGM Notice 0907.pdf
BRDB - General Announcement
Announcement Type: General Announcement
Company Name: BANDAR RAYA DEVELOPMENTS BERHAD
Stock Name: BRDB
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED PURCHASE BY ARDENT HEIGHTS SDN BHD OF 60% SHAREHOLDING IN HAUTE PROPERTY SDN BHD FROM LIMITLESS HOLDINGS PTE LTD
Contents: The Board of Directors of Bandar Raya Developments Berhad ("BRDB" or "the Company") wishes to announce that Ardent Heights Sdn Bhd ("Ardent"), a wholly-owned subsidiary company of BRDB has on 7 July 2010 entered into a conditional Sale of Shares Agreement ("Agreement") with Limitless Holdings Pte Ltd ("Limitless") to purchase the entire shareholding of Limitless in Haute Property Sdn Bhd ("Haute") comprising 600,000 ordinary shares of RM1.00 each representing 60% of the issued and paid-up share capital of Haute for a nominal sum of RM1.00 subject to the terms and conditions of the Agreement ("Proposed Share Purchase") for purposes of participating with UEM Land Bhd ("UEM Land") in the proposed development of �??Residential North' ("Proposed Project") in the Puteri Harbour development in Nusajaya, Johor, which include the reimbursement and payment of the following to Limitless:
(i) to reimburse Limitless RM75.0 million for which Limitless had advanced to Haute towards partial payment by Haute of the development rights for the Proposed Project pursuant to the Development Agreement dated 19 December 2007 between Haute, UEM Land and Bandar Nusajaya Development Sdn Bhd; and
(ii) to pay to Limitless a sum of RM1.0 million as full and final settlement of approximately RM10.0 million advanced by Limitless to Haute to meet Haute's operating and development expenses in relation to the Proposed Project.
Attachments: BRDB-Proposed Purchase of Shares by Ardent Heights in Haute Property.pdf
Company Name: BANDAR RAYA DEVELOPMENTS BERHAD
Stock Name: BRDB
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED PURCHASE BY ARDENT HEIGHTS SDN BHD OF 60% SHAREHOLDING IN HAUTE PROPERTY SDN BHD FROM LIMITLESS HOLDINGS PTE LTD
Contents: The Board of Directors of Bandar Raya Developments Berhad ("BRDB" or "the Company") wishes to announce that Ardent Heights Sdn Bhd ("Ardent"), a wholly-owned subsidiary company of BRDB has on 7 July 2010 entered into a conditional Sale of Shares Agreement ("Agreement") with Limitless Holdings Pte Ltd ("Limitless") to purchase the entire shareholding of Limitless in Haute Property Sdn Bhd ("Haute") comprising 600,000 ordinary shares of RM1.00 each representing 60% of the issued and paid-up share capital of Haute for a nominal sum of RM1.00 subject to the terms and conditions of the Agreement ("Proposed Share Purchase") for purposes of participating with UEM Land Bhd ("UEM Land") in the proposed development of �??Residential North' ("Proposed Project") in the Puteri Harbour development in Nusajaya, Johor, which include the reimbursement and payment of the following to Limitless:
(i) to reimburse Limitless RM75.0 million for which Limitless had advanced to Haute towards partial payment by Haute of the development rights for the Proposed Project pursuant to the Development Agreement dated 19 December 2007 between Haute, UEM Land and Bandar Nusajaya Development Sdn Bhd; and
(ii) to pay to Limitless a sum of RM1.0 million as full and final settlement of approximately RM10.0 million advanced by Limitless to Haute to meet Haute's operating and development expenses in relation to the Proposed Project.
Attachments: BRDB-Proposed Purchase of Shares by Ardent Heights in Haute Property.pdf
GENP - PROPOSED JOINT VENTURE TO ESTABLISH PREMIUM OUTLETS IN MALAYSIA
Announcement Type: General Announcement
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED JOINT VENTURE TO ESTABLISH PREMIUM OUTLETS IN MALAYSIA
Contents: Further to Genting Plantations Berhad's ("GENP") announcements dated 30 September 2009, 29 March 2010 and 22 June 2010, the Board of Directors of GENP wishes to announce that the Amended and Restated Joint Venture Agreement dated 21 June 2010 for the proposed joint venture by Azzon Limited ("Azzon"), a wholly-owned subsidiary of GENP and Chelsea Malaysia, LLC ("Chelsea") to establish Chelsea Premium Outlet Centres in Malaysia ("Proposed JV") is unconditional and the Proposed JV has been completed on 8 July 2010.
Accordingly, Chelsea Genting Limited ("Holdco") is now equally owned by Azzon and Chelsea. Holdco and its wholly-owned subsidiary, Genting Chelsea Sdn Bhd are now jointly controlled entities of GENP.
This announcement is dated 8 July 2010.
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED JOINT VENTURE TO ESTABLISH PREMIUM OUTLETS IN MALAYSIA
Contents: Further to Genting Plantations Berhad's ("GENP") announcements dated 30 September 2009, 29 March 2010 and 22 June 2010, the Board of Directors of GENP wishes to announce that the Amended and Restated Joint Venture Agreement dated 21 June 2010 for the proposed joint venture by Azzon Limited ("Azzon"), a wholly-owned subsidiary of GENP and Chelsea Malaysia, LLC ("Chelsea") to establish Chelsea Premium Outlet Centres in Malaysia ("Proposed JV") is unconditional and the Proposed JV has been completed on 8 July 2010.
Accordingly, Chelsea Genting Limited ("Holdco") is now equally owned by Azzon and Chelsea. Holdco and its wholly-owned subsidiary, Genting Chelsea Sdn Bhd are now jointly controlled entities of GENP.
This announcement is dated 8 July 2010.
YHS - Disclosure on Litigation Status
Announcement Type: General Announcement
Company Name: YEO HIAP SENG (MALAYSIA) BERHAD
Stock Name: YHS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: Disclosure on Litigation Status
Contents: We refer to our announcements dated 27 May 2010 and 1 June 2010 in relation to a legal action brought by Padu Bistari Development Sdn Bhd against Yeo Hiap Seng (Malaysia) Berhad in 2003 for damages of approximately RM6.7 million and interest thereon for an alleged unlawful termination of a lease agreement.
The trial originally fixed on 7 and 8 July 2010 was changed to a mention before the judge at the Ipoh High Court earlier today to allow the parties to arrive at an amicable settlement. The next mention date is fixed on 29 July 2010 at the Ipoh High Court.
This announcement is dated 8 July 2010.
Company Name: YEO HIAP SENG (MALAYSIA) BERHAD
Stock Name: YHS
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: Disclosure on Litigation Status
Contents: We refer to our announcements dated 27 May 2010 and 1 June 2010 in relation to a legal action brought by Padu Bistari Development Sdn Bhd against Yeo Hiap Seng (Malaysia) Berhad in 2003 for damages of approximately RM6.7 million and interest thereon for an alleged unlawful termination of a lease agreement.
The trial originally fixed on 7 and 8 July 2010 was changed to a mention before the judge at the Ipoh High Court earlier today to allow the parties to arrive at an amicable settlement. The next mention date is fixed on 29 July 2010 at the Ipoh High Court.
This announcement is dated 8 July 2010.
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