KENMARK - KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company") - Winding-up petition
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
- Winding-up petition
Contents: The Company has today received the following winding-up petition from the solicitors of Export-Import Bank of Malaysia Berhad:
1. Winding-up petition on Kenmark in respect of their claim of indebtness of RM16,314,614.55. The Court has fixed the matter for case management on 20 July 2010. The claim comprises of principal amounted to RM14,773,000.00, interest /penalty of RM1,533,066.11 and other charges of RM8,548.44. The petition arouse from the non-payment of the sum demanded within the time stipulated in the Section 218 notice that was served to the Company on 4 June 2010.
2. Winding-up petition on wholly-owned subsidiary of Kenmark, Billion Dynamic Sdn Bhd which is also a major subsidiary in respect to the indebtness of RM44,922,695.72. The Court has fixed the matter for case management on 4 August 2010. The claim comprises principal amounted to RM40,668,000.00, interest/penalty of RM4,233,238.22 and other charges of RM21,457.50. The Company's total cost of investment in Billion Dynamic Sdn Bhd is RM7,581,690.58.. The petition arouse from the non-payment of the sum demanded within the time stipulated in the Section 218 notice that was served to the Company on 4 June 2010.
The winding-up petition will have a material financial and operational impact on the Kenmark Group.
The Company will seek advise from its solicitors to defend the action.
This announcement is dated 8 July 2010
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
- Winding-up petition
Contents: The Company has today received the following winding-up petition from the solicitors of Export-Import Bank of Malaysia Berhad:
1. Winding-up petition on Kenmark in respect of their claim of indebtness of RM16,314,614.55. The Court has fixed the matter for case management on 20 July 2010. The claim comprises of principal amounted to RM14,773,000.00, interest /penalty of RM1,533,066.11 and other charges of RM8,548.44. The petition arouse from the non-payment of the sum demanded within the time stipulated in the Section 218 notice that was served to the Company on 4 June 2010.
2. Winding-up petition on wholly-owned subsidiary of Kenmark, Billion Dynamic Sdn Bhd which is also a major subsidiary in respect to the indebtness of RM44,922,695.72. The Court has fixed the matter for case management on 4 August 2010. The claim comprises principal amounted to RM40,668,000.00, interest/penalty of RM4,233,238.22 and other charges of RM21,457.50. The Company's total cost of investment in Billion Dynamic Sdn Bhd is RM7,581,690.58.. The petition arouse from the non-payment of the sum demanded within the time stipulated in the Section 218 notice that was served to the Company on 4 June 2010.
The winding-up petition will have a material financial and operational impact on the Kenmark Group.
The Company will seek advise from its solicitors to defend the action.
This announcement is dated 8 July 2010
PJI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 08/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: ZO-100707-45561
Subject: PJI HOLDINGS BERHAD ("PJI" OR "COMPANY")
Proposed disposal of two (2) adjoining units of three (3) storey semi-detached factories known as "Wisma PJI" held under Geran 58835 and 58836, Lot Nos. 64249 and 64250, Mukim Damansara, District of Petaling, State of Selangor, by PJI Holdings Berhad to Pan Pacific Enterprise Sdn Bhd for a total cash consideration of RM8,800,000 ("Proposed Disposal")
Contents: With reference to the Company's announcement dated 5 July 2010 and the letter from Bursa Malaysia Securities Berhad ("Bursa Securites") dated 7 July 2010 in relation to the Proposed Disposal, the following are the additional information requested by Bursa Securities for public release:
1) Wisma PJI is currently 100% occupied by the PJI Group.
2) The Disposal Consideration of RM8,800,000 was the highest amongst the offers received by the Company. The Board of Directors of PJI, after considering the market value of Wisma PJI as appraised by Messrs. Henry Butcher Malaysia (Sel) Sdn. Bhd. via its valuation report dated 23 June 2010 ("Valuation Report") and the Company's repayment obligation of its borrowings to Kenanga Investment Bank Berhad, is of the opinion that the Disposal Consideration is reasonable.
Query Letter content: We refer to your Company's announcement dated 5 July 2010 in respect of the
above mattter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The percentage of occupancy of Wisma PJI.
The justification for the sale consideration.
The salient features of the valuation report and the time and place where the
document may be inspected.
The savings in interest payment per annum arising from the repayment of bank
borrowings.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division, Regulation
TYE/ZOOS
c.c.General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 08/07/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: ZO-100707-45561
Subject: PJI HOLDINGS BERHAD ("PJI" OR "COMPANY")
Proposed disposal of two (2) adjoining units of three (3) storey semi-detached factories known as "Wisma PJI" held under Geran 58835 and 58836, Lot Nos. 64249 and 64250, Mukim Damansara, District of Petaling, State of Selangor, by PJI Holdings Berhad to Pan Pacific Enterprise Sdn Bhd for a total cash consideration of RM8,800,000 ("Proposed Disposal")
Contents: With reference to the Company's announcement dated 5 July 2010 and the letter from Bursa Malaysia Securities Berhad ("Bursa Securites") dated 7 July 2010 in relation to the Proposed Disposal, the following are the additional information requested by Bursa Securities for public release:
1) Wisma PJI is currently 100% occupied by the PJI Group.
2) The Disposal Consideration of RM8,800,000 was the highest amongst the offers received by the Company. The Board of Directors of PJI, after considering the market value of Wisma PJI as appraised by Messrs. Henry Butcher Malaysia (Sel) Sdn. Bhd. via its valuation report dated 23 June 2010 ("Valuation Report") and the Company's repayment obligation of its borrowings to Kenanga Investment Bank Berhad, is of the opinion that the Disposal Consideration is reasonable.
Query Letter content: We refer to your Company's announcement dated 5 July 2010 in respect of the
above mattter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The percentage of occupancy of Wisma PJI.
The justification for the sale consideration.
The salient features of the valuation report and the time and place where the
document may be inspected.
The savings in interest payment per annum arising from the repayment of bank
borrowings.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division, Regulation
TYE/ZOOS
c.c.General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
SEG - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: SEG INTERNATIONAL BERHAD ("SEGi" OR THE "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 124,729,857 FIVE (5)-YEAR 2010/2015 WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.50 EACH IN SEGi HELD, AT AN ISSUE PRICE OF RM0.05 CASH PER WARRANT ("PROPOSED RIGHTS ISSUE").
Contents: We refer to the Company's announcements dated 21 April 2010, 4 May 2010, 19 May 2010 and 3 June 2010 in relation to the above Proposed Rights Issue.
Kenanga Investment Bank Berhad, on behalf of the Company, wishes to announce that Bank Negara Malaysia has granted its approval for the Proposed Rights Issue in accordance with the Exchange Control Regulations via its letter dated 7 July 2010.
This announcement is dated 8 July 2010.
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: SEG INTERNATIONAL BERHAD ("SEGi" OR THE "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 124,729,857 FIVE (5)-YEAR 2010/2015 WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.50 EACH IN SEGi HELD, AT AN ISSUE PRICE OF RM0.05 CASH PER WARRANT ("PROPOSED RIGHTS ISSUE").
Contents: We refer to the Company's announcements dated 21 April 2010, 4 May 2010, 19 May 2010 and 3 June 2010 in relation to the above Proposed Rights Issue.
Kenanga Investment Bank Berhad, on behalf of the Company, wishes to announce that Bank Negara Malaysia has granted its approval for the Proposed Rights Issue in accordance with the Exchange Control Regulations via its letter dated 7 July 2010.
This announcement is dated 8 July 2010.
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