OILCORP - General Announcement
Announcement Type: General Announcement
Company Name: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Oilcorp Berhad ("OILCORP or the Company"):
�?� Winding up petition no. 28-363-09 by HSS Integrated Sdn. Bhd. against Oilfab Sdn. Bhd., a subsidiary of Oilcorp.
�?� Update on hearing date.
Contents: The Company announced on 12 February 2010 the advertisement of a winding up petition no. 28-363-09 petitioned by HSS Integrated Sdn. Bhd. ("Petitioner") against Oilfab Sdn. Bhd. ("OFSB"), a subsidiary of Oilcorp. On 22 February 2010, in a reply to a query by Bursa Malaysia Securities Berhad, the Company provided additional information. Thereafter, the Company announced that the hearing for this winding up petition had been postponed from 24 February 2010 to 31 March 2010, 12 April 2010, 2 June 2010, 23 June 2010 and then to 2 July 2010. The hearing for this winding up petition has now been postponed to 27 July 2010.
This announcement is dated 2 July 2010.
Company Name: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Oilcorp Berhad ("OILCORP or the Company"):
�?� Winding up petition no. 28-363-09 by HSS Integrated Sdn. Bhd. against Oilfab Sdn. Bhd., a subsidiary of Oilcorp.
�?� Update on hearing date.
Contents: The Company announced on 12 February 2010 the advertisement of a winding up petition no. 28-363-09 petitioned by HSS Integrated Sdn. Bhd. ("Petitioner") against Oilfab Sdn. Bhd. ("OFSB"), a subsidiary of Oilcorp. On 22 February 2010, in a reply to a query by Bursa Malaysia Securities Berhad, the Company provided additional information. Thereafter, the Company announced that the hearing for this winding up petition had been postponed from 24 February 2010 to 31 March 2010, 12 April 2010, 2 June 2010, 23 June 2010 and then to 2 July 2010. The hearing for this winding up petition has now been postponed to 27 July 2010.
This announcement is dated 2 July 2010.
LMCEMNT - General Announcement
Announcement Type: General Announcement
Company Name: LAFARGE MALAYAN CEMENT BHD
Stock Name: LMCEMNT
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: LAFARGE S.A. TO EXPLORE POTENTIAL SALE OF A MINORITY INTEREST OF UP TO 11.2% IN LAFARGE MALAYAN CEMENT BERHAD
Contents: Lafarge S.A. has announced that it has decided to explore the potential sale of a minority interest of up to 11.2% in the Company. Lafarge S.A. presently holds 62.2% shareholding in the Company via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.
Lafarge S.A. would remain the majority shareholder, with a minimum 51% shareholding and management control of the Company.
This transaction would contribute to Lafarge S.A.'s divestment programme for year 2010.
This announcement is dated 2 July 2010.
Company Name: LAFARGE MALAYAN CEMENT BHD
Stock Name: LMCEMNT
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: LAFARGE S.A. TO EXPLORE POTENTIAL SALE OF A MINORITY INTEREST OF UP TO 11.2% IN LAFARGE MALAYAN CEMENT BERHAD
Contents: Lafarge S.A. has announced that it has decided to explore the potential sale of a minority interest of up to 11.2% in the Company. Lafarge S.A. presently holds 62.2% shareholding in the Company via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.
Lafarge S.A. would remain the majority shareholder, with a minimum 51% shareholding and management control of the Company.
This transaction would contribute to Lafarge S.A.'s divestment programme for year 2010.
This announcement is dated 2 July 2010.
YTL - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 02/07/2010
Announcement Detail:
Date of buy back: 02/07/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 25,000
Minimum price paid for each share purchased ($$): 7.400
Maximum price paid for each share purchased ($$): 7.400
Total consideration paid ($$): 185,795.50
Number of shares purchased retained in treasury (units): 25,000
Cumulative net outstanding treasury shares as at to-date (units): 105,397,009
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.55
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 02/07/2010
Announcement Detail:
Date of buy back: 02/07/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 25,000
Minimum price paid for each share purchased ($$): 7.400
Maximum price paid for each share purchased ($$): 7.400
Total consideration paid ($$): 185,795.50
Number of shares purchased retained in treasury (units): 25,000
Cumulative net outstanding treasury shares as at to-date (units): 105,397,009
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.55
LHH - General Announcement
Announcement Type: General Announcement
Company Name: LEONG HUP HOLDINGS BERHAD
Stock Name: LHH
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Leong Hup Holdings Berhad ("LHH" or "the Company")
-Recurrent Related Party Transaction exceeds 10% or more
Contents: Pursuant to the Paragraph 10.09(2)(e) of Main Market Listing Requirements, the Board of Directors wishes to announce that the actual value of a Recurrent Related Party Transaction ("RRPT") entered into by the LHH Group, exceeds the estimated value of RRPT disclosed in the Circular dated 4 September 2009 by 10% or more. Further detail is provided in Table A below.
The difference for the variation between the Actual Value and the Estimated Value of RRPT was mainly due to the increase in purchase of eggs from Teo Seng Farming Sdn Bhd,a wholly subsidiary of Teo Seng Capital Berhad.
This announcement is made on 2 July 2010.
Company Name: LEONG HUP HOLDINGS BERHAD
Stock Name: LHH
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Leong Hup Holdings Berhad ("LHH" or "the Company")
-Recurrent Related Party Transaction exceeds 10% or more
Contents: Pursuant to the Paragraph 10.09(2)(e) of Main Market Listing Requirements, the Board of Directors wishes to announce that the actual value of a Recurrent Related Party Transaction ("RRPT") entered into by the LHH Group, exceeds the estimated value of RRPT disclosed in the Circular dated 4 September 2009 by 10% or more. Further detail is provided in Table A below.
The difference for the variation between the Actual Value and the Estimated Value of RRPT was mainly due to the increase in purchase of eggs from Teo Seng Farming Sdn Bhd,a wholly subsidiary of Teo Seng Capital Berhad.
This announcement is made on 2 July 2010.
CVIEW - RESIGNATION OF EXTERNAL AUDITOR
Announcement Type: General Announcement
Company Name: COUNTRY VIEW BERHAD
Stock Name: CVIEW
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: RESIGNATION OF EXTERNAL AUDITOR
Contents: Country View Berhad (CVB) wishes to announce that it has received a letter from Messrs K S Chua & Co dated 30 June 2010 giving notice of their resignation as Auditors of the Company.
Messrs K S Chua & Co has indicated in their letter that their resignation is definitely not a reflection on the integrity of the Board of Directors but rather that it is really not worth their while to just audit one public listed company.
The Audit Committee and the Board of Directors will meet as soon as practicable to review and make recommendations for the appointment of a new Auditor for tabling to shareholders at an Extraordinary General Meeting to be convened for the said purpose at the earliest practicable date.
Messrs K S Chua & Co's resignation will be effective upon the appointment of the new Auditors.
Company Name: COUNTRY VIEW BERHAD
Stock Name: CVIEW
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: RESIGNATION OF EXTERNAL AUDITOR
Contents: Country View Berhad (CVB) wishes to announce that it has received a letter from Messrs K S Chua & Co dated 30 June 2010 giving notice of their resignation as Auditors of the Company.
Messrs K S Chua & Co has indicated in their letter that their resignation is definitely not a reflection on the integrity of the Board of Directors but rather that it is really not worth their while to just audit one public listed company.
The Audit Committee and the Board of Directors will meet as soon as practicable to review and make recommendations for the appointment of a new Auditor for tabling to shareholders at an Extraordinary General Meeting to be convened for the said purpose at the earliest practicable date.
Messrs K S Chua & Co's resignation will be effective upon the appointment of the new Auditors.
MUDAJYA - General Announcement
Announcement Type: General Announcement
Company Name: MUDAJAYA GROUP BERHAD
Stock Name: MUDAJYA
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Mudajaya Group Berhad ("Mudajaya" or "the Company")
-Acquisition of 3,000 Ordinary Shares of RM1.00 each in Indah Kirana (M) Sdn. Bhd. ("IKMSB")
Contents: Mudajaya is pleased to announce that its wholly-owned subsidiary, Mudajaya Corporation Berhad ("MCB") had on 2 July 2010 acquired 3,000 ordinary shares of RM1.00 each, representing 75% of the issued and paid-up share capital of IKMSB for a total cash consideration of RM3,000.00 ("Acquisition") from the following persons:-
Company Name: MUDAJAYA GROUP BERHAD
Stock Name: MUDAJYA
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Mudajaya Group Berhad ("Mudajaya" or "the Company")
-Acquisition of 3,000 Ordinary Shares of RM1.00 each in Indah Kirana (M) Sdn. Bhd. ("IKMSB")
Contents: Mudajaya is pleased to announce that its wholly-owned subsidiary, Mudajaya Corporation Berhad ("MCB") had on 2 July 2010 acquired 3,000 ordinary shares of RM1.00 each, representing 75% of the issued and paid-up share capital of IKMSB for a total cash consideration of RM3,000.00 ("Acquisition") from the following persons:-
APEX - General Announcement
Announcement Type: General Announcement
Company Name: APEX EQUITY HOLDINGS BERHAD
Stock Name: APEX
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Provision of Financial Assistance Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Apex Equity Holdings Berhad ("APEX") wishes to announce that the aggregate amount of financial assistance provided as at 30 June 2010 pursuant to the ordinary course of business of AEH Capital Sdn Bhd (licensed moneylender), a wholly owned subsidiary of APEX, is set out in the attachment below.
The provision of financial assistance as set out above would not have any significant impact to the earnings of APEX Group for the year ending 31 December 2010 as adequate bad debt provisions have been provided in the previous financial years.
Attachments: 30-06-2010.xls
Company Name: APEX EQUITY HOLDINGS BERHAD
Stock Name: APEX
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Provision of Financial Assistance Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Apex Equity Holdings Berhad ("APEX") wishes to announce that the aggregate amount of financial assistance provided as at 30 June 2010 pursuant to the ordinary course of business of AEH Capital Sdn Bhd (licensed moneylender), a wholly owned subsidiary of APEX, is set out in the attachment below.
The provision of financial assistance as set out above would not have any significant impact to the earnings of APEX Group for the year ending 31 December 2010 as adequate bad debt provisions have been provided in the previous financial years.
Attachments: 30-06-2010.xls
PANTECH - PANTECH GROUP HOLDINGS BERHAD ("PANTECH" OR "COMPANY")
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PANTECH GROUP HOLDINGS BERHAD
Stock Name: PANTECH
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: PANTECH GROUP HOLDINGS BERHAD ("PANTECH" OR "COMPANY")
Contents: (A) PROPOSED BONUS ISSUE OF UP TO 77,245,075 NEW ORDINARY SHARES OF RM0.20 EACH IN PANTECH ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.20 EACH HELD IN PANTECH ("PANTECH SHARES") ("PROPOSED BONUS ISSUE");
(B) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM77,245,075 NOMINAL VALUE OF 7-YEAR 7% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") AT 100% OF ITS NOMINAL VALUE ON THE BASIS OF TWO (2) RM0.10 NOMINAL VALUE OF ICULS FOR EVERY ONE (1) EXISTING PANTECH SHARE HELD IN THE COMPANY TOGETHER WITH 77,245,075 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) ICULS SUBSCRIBED FOR ("PROPOSED RIGHTS ISSUE"); AND
(C) PROPOSED EXEMPTION TO CTL CAPITAL HOLDING SDN BHD ("CTL CAPITAL") AND THE PERSONS ACTING IN CONCERT WITH IT ("PACs") FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING PANTECH SHARES NOT ALREADY OWNED BY CTL CAPITAL AND THE PACS AS PROVIDED BY THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 1998 ("CODE") ("PROPOSED EXEMPTION")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: PANTECH GROUP HOLDINGS BERHAD
Stock Name: PANTECH
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: PANTECH GROUP HOLDINGS BERHAD ("PANTECH" OR "COMPANY")
Contents: (A) PROPOSED BONUS ISSUE OF UP TO 77,245,075 NEW ORDINARY SHARES OF RM0.20 EACH IN PANTECH ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.20 EACH HELD IN PANTECH ("PANTECH SHARES") ("PROPOSED BONUS ISSUE");
(B) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM77,245,075 NOMINAL VALUE OF 7-YEAR 7% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") AT 100% OF ITS NOMINAL VALUE ON THE BASIS OF TWO (2) RM0.10 NOMINAL VALUE OF ICULS FOR EVERY ONE (1) EXISTING PANTECH SHARE HELD IN THE COMPANY TOGETHER WITH 77,245,075 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) ICULS SUBSCRIBED FOR ("PROPOSED RIGHTS ISSUE"); AND
(C) PROPOSED EXEMPTION TO CTL CAPITAL HOLDING SDN BHD ("CTL CAPITAL") AND THE PERSONS ACTING IN CONCERT WITH IT ("PACs") FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING PANTECH SHARES NOT ALREADY OWNED BY CTL CAPITAL AND THE PACS AS PROVIDED BY THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 1998 ("CODE") ("PROPOSED EXEMPTION")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
BIMB - General Announcement
Announcement Type: General Announcement
Company Name: BIMB HOLDINGS BERHAD
Stock Name: BIMB
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: SHARE SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN BANK ISLAM MALAYSIA BERHAD, FARIHAN CORPORATION SDN BHD AND RAKIT INDUK SDN BHD
Contents: We refer to our announcement dated 8 April 2010.
BIMB Holdings Berhad ("BHB") wishes to announce that Bank Islam Malaysia Berhad ("Bank Islam"), a 51%-owned subsidiary of BHB, had entered into a Share Subscription and Shareholders' Agreement ("Agreement" or "SSA") with Farihan Corporation Sdn Bhd ("FCSB") and Rakit Induk Sdn Bhd ("RISB"), the existing shareholder of FCSB, for the proposed subscription of 2,000,000 new ordinary shares of RM1.00 each in FCSB ("Shares") at an issue price of RM1.00 per Share by Bank Islam ("Proposed Subscription"). Upon completion of the Proposed Subscription, Bank Islam will hold an equity interest of 80% in FCSB.
The salient terms of the SSA include, amongst others, the followings:-
i) Non-competition
During the duration of the Agreement and for a period of 5 years after completion of the allotment and issue of the 2,000,000 Shares to Bank Islam, RISB must not and must ensure its related corporations (other than FCSB) and its officers, employees, related corporations and their respective connected persons must not (other than through FCSB) invest in or operate or be engaged, concerned or interested in, or assist any Islamic pawn-broking business or any other business which is from time to time undertaken by FCSB.
RISB undertakes to Bank Islam that it will explore, develop or establish, together with Bank Islam only, the Islamic pawn-broking business ("Business") in Malaysia and, for these purposes, will not undertake any negotiation or enter into any agreement with any third party with a view to undertaking the Business in Malaysia or any other country with any third party, unless with the prior written consent of Bank Islam. If RISB has consulted Bank Islam on any opportunity to explore, develop or establish the Business in any country, and Bank Islam confirms in writing to RISB that Bank Islam does not wish to pursue the relevant opportunity, RISB is at liberty to pursue that opportunity either alone or with any third party notwithstanding the provision of this clause.
ii) Call Option
A call option granted to Bank Islam whereby Bank Islam may, at any time from 1 January 2012 to 31 December 2012 (both dates inclusive), give written notice to RISB requiring RISB to sell all the Shares held by RISB ("Sale Shares") to Bank Islam or to such other person as Bank Islam directs, at the following price per Sale Share:-
(a) Equivalent to the net tangible asset per Share (based on the latest audited financial statements of FCSB) together with a premium of 20%; or
(b) RM1.00,
whichever is higher.
The Agreement is subject to, and conditional upon, the fulfilment of the conditions precedent which include, amongst others, the followings:-
(a) Bank Islam being satisfied in its sole and absolute discretion with the results of their investigation or due diligence exercise on FCSB; and
(b) receipt by Bank Islam of all regulatory approvals (including from Bank Negara Malaysia) required by Bank Islam for the transactions contemplated in the agreement (if relevant).
This announcement is dated 2 July 2010.
Company Name: BIMB HOLDINGS BERHAD
Stock Name: BIMB
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: SHARE SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN BANK ISLAM MALAYSIA BERHAD, FARIHAN CORPORATION SDN BHD AND RAKIT INDUK SDN BHD
Contents: We refer to our announcement dated 8 April 2010.
BIMB Holdings Berhad ("BHB") wishes to announce that Bank Islam Malaysia Berhad ("Bank Islam"), a 51%-owned subsidiary of BHB, had entered into a Share Subscription and Shareholders' Agreement ("Agreement" or "SSA") with Farihan Corporation Sdn Bhd ("FCSB") and Rakit Induk Sdn Bhd ("RISB"), the existing shareholder of FCSB, for the proposed subscription of 2,000,000 new ordinary shares of RM1.00 each in FCSB ("Shares") at an issue price of RM1.00 per Share by Bank Islam ("Proposed Subscription"). Upon completion of the Proposed Subscription, Bank Islam will hold an equity interest of 80% in FCSB.
The salient terms of the SSA include, amongst others, the followings:-
i) Non-competition
During the duration of the Agreement and for a period of 5 years after completion of the allotment and issue of the 2,000,000 Shares to Bank Islam, RISB must not and must ensure its related corporations (other than FCSB) and its officers, employees, related corporations and their respective connected persons must not (other than through FCSB) invest in or operate or be engaged, concerned or interested in, or assist any Islamic pawn-broking business or any other business which is from time to time undertaken by FCSB.
RISB undertakes to Bank Islam that it will explore, develop or establish, together with Bank Islam only, the Islamic pawn-broking business ("Business") in Malaysia and, for these purposes, will not undertake any negotiation or enter into any agreement with any third party with a view to undertaking the Business in Malaysia or any other country with any third party, unless with the prior written consent of Bank Islam. If RISB has consulted Bank Islam on any opportunity to explore, develop or establish the Business in any country, and Bank Islam confirms in writing to RISB that Bank Islam does not wish to pursue the relevant opportunity, RISB is at liberty to pursue that opportunity either alone or with any third party notwithstanding the provision of this clause.
ii) Call Option
A call option granted to Bank Islam whereby Bank Islam may, at any time from 1 January 2012 to 31 December 2012 (both dates inclusive), give written notice to RISB requiring RISB to sell all the Shares held by RISB ("Sale Shares") to Bank Islam or to such other person as Bank Islam directs, at the following price per Sale Share:-
(a) Equivalent to the net tangible asset per Share (based on the latest audited financial statements of FCSB) together with a premium of 20%; or
(b) RM1.00,
whichever is higher.
The Agreement is subject to, and conditional upon, the fulfilment of the conditions precedent which include, amongst others, the followings:-
(a) Bank Islam being satisfied in its sole and absolute discretion with the results of their investigation or due diligence exercise on FCSB; and
(b) receipt by Bank Islam of all regulatory approvals (including from Bank Negara Malaysia) required by Bank Islam for the transactions contemplated in the agreement (if relevant).
This announcement is dated 2 July 2010.
GAMUDA - Dealing by Director in the Securities of the Company During Open Period
Announcement Type: General Announcement
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director in the Securities of the Company During Open Period
Contents: The following Director has given notice of her dealing in the securities of the Company during the open period as follows:-
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 02/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director in the Securities of the Company During Open Period
Contents: The following Director has given notice of her dealing in the securities of the Company during the open period as follows:-
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