NIKKO - General Announcement
Announcement Type: General Announcement
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD (IN LIQUIDATION)
("NIKKO" OR "the Company")
Bursa Malaysia Securities Berhad's Decision in Respect of De-Listing Procedures Commenced Against NIKKO
Contents: The Liquidator wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has issued a letter dated 15 July 2010 in respect of de-listing procedures being commenced against NIKKO in view that Securities Commission ("SC") had vide its letter dated 24 June 2010 rejected NIKKO's proposed restructuring scheme and the Company's board of directors had decided not to appeal against the said decision of the SC.
The securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 27 July 2010.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdraw from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System ("CDS") accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
This announcement is dated 16 July 2010.
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD (IN LIQUIDATION)
("NIKKO" OR "the Company")
Bursa Malaysia Securities Berhad's Decision in Respect of De-Listing Procedures Commenced Against NIKKO
Contents: The Liquidator wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has issued a letter dated 15 July 2010 in respect of de-listing procedures being commenced against NIKKO in view that Securities Commission ("SC") had vide its letter dated 24 June 2010 rejected NIKKO's proposed restructuring scheme and the Company's board of directors had decided not to appeal against the said decision of the SC.
The securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 27 July 2010.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdraw from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System ("CDS") accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
This announcement is dated 16 July 2010.
ENGTEX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: ENGTEX GROUP BERHAD
Stock Name: ENGTEX
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 500,000
Minimum price paid for each share purchased ($$): 0.975
Maximum price paid for each share purchased ($$): 0.985
Total consideration paid ($$): 490,894.47
Number of shares purchased retained in treasury (units): 500,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,689,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.86
Company Name: ENGTEX GROUP BERHAD
Stock Name: ENGTEX
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 500,000
Minimum price paid for each share purchased ($$): 0.975
Maximum price paid for each share purchased ($$): 0.985
Total consideration paid ($$): 490,894.47
Number of shares purchased retained in treasury (units): 500,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,689,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.86
HUAYANG - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: HUA YANG BERHAD
Stock Name: HUAYANG
Date Announced: 16/07/2010
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: HUA YANG BERHAD
Stock Name: HUAYANG
Date Announced: 16/07/2010
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)
HIAPTEK - Notice of Shares Buy Back by a Company pursuant to Form 28A
Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: HIAP TECK VENTURE BERHAD
Stock Name: HIAPTEK
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back from: 05/07/2010
Date of buy back to: 05/07/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.280
Maximum price paid for each share purchased ($$): 1.280
Total amount paid for shares purchased ($$): 12,800.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 10,000
Total number of shares retained in treasury (units): 5,430,000
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 16/07/2010
Lodged by: Strategy Corporate Secretariat Sdn. Bhd.
Company Name: HIAP TECK VENTURE BERHAD
Stock Name: HIAPTEK
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back from: 05/07/2010
Date of buy back to: 05/07/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.280
Maximum price paid for each share purchased ($$): 1.280
Total amount paid for shares purchased ($$): 12,800.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 10,000
Total number of shares retained in treasury (units): 5,430,000
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 16/07/2010
Lodged by: Strategy Corporate Secretariat Sdn. Bhd.
NAIM - SIGNING OF MEMORANDUM OF UNDERSTANDING
Announcement Type: General Announcement
Company Name: NAIM HOLDINGS BERHAD
Stock Name: NAIM
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: SIGNING OF MEMORANDUM OF UNDERSTANDING
Contents: Naim Holdings Berhad ("the Company") is pleased to announce that its wholly-owned subsidiary, NCSB Engineering Sdn. Bhd. ("NESB") has entered into a Memorandum of Understanding ("MOU") today, with the Al-Waatasemu Charity Foundation ("WCF") of the Great Socialist People's Libyan Arab Jamahiriya for the purpose of recording their broad vision and cooperation towards the investment, design and construction of a proposed tower block containing 50 storeys, subject to variation, of which project is known as the Gaddafi Tower.
The proposed construction of Gaddafi Tower shall be on a parcel of land containing 11,200 square meters, more or less, situate in the Tripoli City Centre, Libya which land belongs to WCF.
NESB as an engineering and construction company expresses interest to invest, undertake the design, and construction of this Gaddafi Tower for WCF.
The MOU shall lapse upon the execution of a formal contract of joint-venture for the project proposed to be signed on or before the 1st day of September 2010.
The execution of the MOU will not have any material effect on the earnings or net assets of the Company for the year ending 31 December 2010.
None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the said MOU.
Dated this 16 July 2010
Company Name: NAIM HOLDINGS BERHAD
Stock Name: NAIM
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: SIGNING OF MEMORANDUM OF UNDERSTANDING
Contents: Naim Holdings Berhad ("the Company") is pleased to announce that its wholly-owned subsidiary, NCSB Engineering Sdn. Bhd. ("NESB") has entered into a Memorandum of Understanding ("MOU") today, with the Al-Waatasemu Charity Foundation ("WCF") of the Great Socialist People's Libyan Arab Jamahiriya for the purpose of recording their broad vision and cooperation towards the investment, design and construction of a proposed tower block containing 50 storeys, subject to variation, of which project is known as the Gaddafi Tower.
The proposed construction of Gaddafi Tower shall be on a parcel of land containing 11,200 square meters, more or less, situate in the Tripoli City Centre, Libya which land belongs to WCF.
NESB as an engineering and construction company expresses interest to invest, undertake the design, and construction of this Gaddafi Tower for WCF.
The MOU shall lapse upon the execution of a formal contract of joint-venture for the project proposed to be signed on or before the 1st day of September 2010.
The execution of the MOU will not have any material effect on the earnings or net assets of the Company for the year ending 31 December 2010.
None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the said MOU.
Dated this 16 July 2010
DXN - DXN Holdings Bhd ("DXN" or "Company") -PRIMARY COLLATERISED LOAN OBLIGATIONS PROGRAMME (�??CLO")
Announcement Type: General Announcement
Company Name: DXN HOLDINGS BHD
Stock Name: DXN
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: DXN Holdings Bhd ("DXN" or "Company")
-PRIMARY COLLATERISED LOAN OBLIGATIONS PROGRAMME (�??CLO")
Contents: With reference to the announcement made on 9 September 2005 for the CLO Facility with EON Bank Berhad and CapOne Berhad for an unsecured fixed rate term loan facility of up to the maximum aggregate principal amount of RM50 million for a period of five (5) years, the Board of Directors is pleased to announce that the Company has today made an early full settlement to repay the RM50 million loan. The source of fund is generated from internal business activities and part finance of RM25 million through bank borrowing.
Yours faithfully
DXN HOLDINGS BHD.
-signed-
________________________
Lim Yew Lin
Executive Director
Company Name: DXN HOLDINGS BHD
Stock Name: DXN
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: DXN Holdings Bhd ("DXN" or "Company")
-PRIMARY COLLATERISED LOAN OBLIGATIONS PROGRAMME (�??CLO")
Contents: With reference to the announcement made on 9 September 2005 for the CLO Facility with EON Bank Berhad and CapOne Berhad for an unsecured fixed rate term loan facility of up to the maximum aggregate principal amount of RM50 million for a period of five (5) years, the Board of Directors is pleased to announce that the Company has today made an early full settlement to repay the RM50 million loan. The source of fund is generated from internal business activities and part finance of RM25 million through bank borrowing.
Yours faithfully
DXN HOLDINGS BHD.
-signed-
________________________
Lim Yew Lin
Executive Director
IQGROUP - IQ GROUP HOLDINGS BERHAD RECURRENT RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: IQ GROUP HOLDINGS BERHAD
Stock Name: IQGROUP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: IQ GROUP HOLDINGS BERHAD
RECURRENT RELATED PARTY TRANSACTIONS
Contents: IQ GROUP HOLDINGS BERHAD
RECURRENT RELATED PARTY TRANSACTIONS
Company Name: IQ GROUP HOLDINGS BERHAD
Stock Name: IQGROUP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: IQ GROUP HOLDINGS BERHAD
RECURRENT RELATED PARTY TRANSACTIONS
Contents: IQ GROUP HOLDINGS BERHAD
RECURRENT RELATED PARTY TRANSACTIONS
HALEX - Dealings by Director in the Securities of the Company Outside Closed Period
Announcement Type: General Announcement
Company Name: HALEX HOLDINGS BERHAD
Stock Name: HALEX
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director in the Securities of the Company Outside Closed Period
Contents: The following Director has given notice of his dealings in the Securities of the Company Outside Closed Period as follow:-
Company Name: HALEX HOLDINGS BERHAD
Stock Name: HALEX
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Director in the Securities of the Company Outside Closed Period
Contents: The following Director has given notice of his dealings in the Securities of the Company Outside Closed Period as follow:-
TAGB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: TA GLOBAL BERHAD
Stock Name: TAGB
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: TA GLOBAL BERHAD ("TAG" OR THE "COMPANY")
ACQUISITION OF 50,569,495 ORDINARY SHARES OF US$1.00 EACH IN QUAYSIDE GEM LIMITED ("QGL") ("QGL SHARES") REPRESENTING THE ENTIRE ISSUED SHARES OF QGL BY TAG FROM TA ENTERPRISE BERHAD ("TAE" OR "VENDOR") FOR A CONSIDERATION OF RM651,831,492 ("ACQUISITION")
Contents: Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcements dated 11 March 2010, 15 March 2010, 17 May 2010, 26 May 2010, 23 June 2010 and 2 July 2010 ("Announcements").
We refer to the Announcements made in relation to the Acquisition.
On behalf of the Company, TA Securities Holdings Berhad wishes to announce that TAG and TAE have mutually agreed in writing to extend the date of completion for an additional month from 17 July 2010 to 17 August 2010.
Save for the novation of the UOB Loan Facility from TAE to TAG and the transfer of the QGL Shares to TAG, all other terms and conditions of the SPA have been fulfilled.
This announcement is dated 16 July 2010.
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: TA GLOBAL BERHAD
Stock Name: TAGB
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: TA GLOBAL BERHAD ("TAG" OR THE "COMPANY")
ACQUISITION OF 50,569,495 ORDINARY SHARES OF US$1.00 EACH IN QUAYSIDE GEM LIMITED ("QGL") ("QGL SHARES") REPRESENTING THE ENTIRE ISSUED SHARES OF QGL BY TAG FROM TA ENTERPRISE BERHAD ("TAE" OR "VENDOR") FOR A CONSIDERATION OF RM651,831,492 ("ACQUISITION")
Contents: Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcements dated 11 March 2010, 15 March 2010, 17 May 2010, 26 May 2010, 23 June 2010 and 2 July 2010 ("Announcements").
We refer to the Announcements made in relation to the Acquisition.
On behalf of the Company, TA Securities Holdings Berhad wishes to announce that TAG and TAE have mutually agreed in writing to extend the date of completion for an additional month from 17 July 2010 to 17 August 2010.
Save for the novation of the UOB Loan Facility from TAE to TAG and the transfer of the QGL Shares to TAG, all other terms and conditions of the SPA have been fulfilled.
This announcement is dated 16 July 2010.
HOHUP - General Announcement
Announcement Type: General Announcement
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- MEMORANDUM OF UNDERSTANDING FOR THE PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTERESTS OF TWO (2) TARGET COMPANIES
Contents: We act for and on behalf of Ho Hup.
The Board of Directors of Ho Hup wishes to inform that the Company had on 16 July 2010 entered into a Memorandum of Understanding ("MOU") with Mr. Raymond Tan for the purpose of acquiring 100% of the equity interests in Fivestar Development (Puchong) Sdn Bhd and Kolektra Recreation Sdn. Bhd. (the Target Companies) free from all liens, charges and encumbrances and with all rights attaching to and accruing in respect of the Target Companies at a price to be determined and agreed by Ho Hup and Mr. Raymond Tan prior to the execution of the Definitive Agreement and after taking into consideration the results of the due diligence review and valuation to be conducted by the relevant advisors, experts, consultants and professionals.
The purpose of the MOU is to set out the understanding of Ho Hup and Mr. Raymond Tan on the terms and conditions of the sale and purchase of the entire equity interests of the Target Companies for the time being, pending negotiation and finalisation of the Definitive Agreements which are to be entered into between both parties for the sale and purchase of the equity interests in the Target Companies.
The MOU shall remain in effect for six (6) months from the date of execution of the MOU, following the timeframe as set out below (Agreed Events), and may by mutual agreement in writing by both parties extend the MOU for such other period:-
The MOU shall be terminated:-
(a) upon mutual agreement between both parties in writing; or
(b) in the event that any of the agreed events does not take place within the timeframe indicated in the MOU as tabled below and if there is no mutually agreed period for extension pursuant to the MOU; or
(c) upon the execution of the Definitive Agreement, the terms of which shall supersede the terms of the MOU.
The purchase of the aforesaid Target Companies is to facilitate Ho Hup to undertake a regularisation plan in accordance with the requirements of Practice Note 17 of Bursa Malaysia Securities Berhad Main Market Listing Requirements.
The Board of Directors of Ho Hup is of the opinion that the MOU is in the best interest of the Company.
The MOU is available for inspection at the registered office of the Company, during normal business hours from Monday to Friday for a period of one (1) month from the date of this announcement.
This announcement is dated 16 July 2010.
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- MEMORANDUM OF UNDERSTANDING FOR THE PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTERESTS OF TWO (2) TARGET COMPANIES
Contents: We act for and on behalf of Ho Hup.
The Board of Directors of Ho Hup wishes to inform that the Company had on 16 July 2010 entered into a Memorandum of Understanding ("MOU") with Mr. Raymond Tan for the purpose of acquiring 100% of the equity interests in Fivestar Development (Puchong) Sdn Bhd and Kolektra Recreation Sdn. Bhd. (the Target Companies) free from all liens, charges and encumbrances and with all rights attaching to and accruing in respect of the Target Companies at a price to be determined and agreed by Ho Hup and Mr. Raymond Tan prior to the execution of the Definitive Agreement and after taking into consideration the results of the due diligence review and valuation to be conducted by the relevant advisors, experts, consultants and professionals.
The purpose of the MOU is to set out the understanding of Ho Hup and Mr. Raymond Tan on the terms and conditions of the sale and purchase of the entire equity interests of the Target Companies for the time being, pending negotiation and finalisation of the Definitive Agreements which are to be entered into between both parties for the sale and purchase of the equity interests in the Target Companies.
The MOU shall remain in effect for six (6) months from the date of execution of the MOU, following the timeframe as set out below (Agreed Events), and may by mutual agreement in writing by both parties extend the MOU for such other period:-
The MOU shall be terminated:-
(a) upon mutual agreement between both parties in writing; or
(b) in the event that any of the agreed events does not take place within the timeframe indicated in the MOU as tabled below and if there is no mutually agreed period for extension pursuant to the MOU; or
(c) upon the execution of the Definitive Agreement, the terms of which shall supersede the terms of the MOU.
The purchase of the aforesaid Target Companies is to facilitate Ho Hup to undertake a regularisation plan in accordance with the requirements of Practice Note 17 of Bursa Malaysia Securities Berhad Main Market Listing Requirements.
The Board of Directors of Ho Hup is of the opinion that the MOU is in the best interest of the Company.
The MOU is available for inspection at the registered office of the Company, during normal business hours from Monday to Friday for a period of one (1) month from the date of this announcement.
This announcement is dated 16 July 2010.
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