July 19, 2010

Company announcements: PRTASCO, AXREIT, IQGROUP, HALEX, SBCCORP, SSTEEL, IPMUDA, KONSORT

PRTASCO - PROTASCO BHD ("PB" ) - Internal Restructuring

Announcement Type: General Announcement
Company Name: PROTASCO BERHAD
Stock Name: PRTASCO
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: PROTASCO BHD ("PB" )
- Internal Restructuring

Contents: -


AXREIT - Quarterly rpt on consolidated results for the financial period ended 30/6/2010

Announcement Type: Financial Results
Submitting Merchant Bank: -
Company Name: AXIS REAL ESTATE INVESTMENT TRUST
Stock Name: AXREIT
Date Announced: 19/07/2010

Announcement Detail:
Financial Year End: 31/12/2010

Quarter: 2

Quarterly report for the financial period ended: 30/06/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


AXREIT - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: AXIS REAL ESTATE INVESTMENT TRUST
Stock Name: AXREIT
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: Revaluation of Properties pursuant to Clause 10.03 of the Guidelines on Real Estate Investment Trusts issued by the Securities Commission ("SC's REIT Guidelines")

Contents: 1. Introduction

The Board of Directors of Axis REIT Managers Berhad ("the Board" or "Manager"), the manager of Axis Real Estate Investment Trust ("Axis-REIT") wishes to announce that OSK Trustees Berhad, the trustee of Axis-REIT, has carried out the revaluation for the five (5) properties ("Properties") of Axis-REIT pursuant to Clause 10.03 of the SC's REIT Guidelines ("Revaluation"). The Board is pleased to announce that, in accordance with Paragraph 9.19(46) of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the total revaluation surplus shall be incorporated into the accounts of Axis-REIT as at 30 June 2010.

2. Purpose of Revaluation

The Revaluation was to comply with Clause 10.03 of the SC's REIT Guidelines where the Properties were required to be revalued once in every three (3) years. The approval from the SC on the said Revaluation is not required.

3. Revaluation Surplus/Deficit

The details of the revaluation surplus are set out in the tabulation below.

4. Effects on the Net Asset Value

The net asset value of Axis-REIT will increase from RM1.8135 per unit (last reported to Bursa Securities on 30 June 2010) to RM1.8430 per unit upon incorporation of the revaluation surplus of RM9,074,000.

5. Documents Available For Inspection

The valuation reports in relation to the Revaluation are available for inspection at the:

5.1 registered office of the Manager at Suite 11.1A, Level 11, Menara Weld, 76, Jalan Raja Chulan, 50200 Kuala Lumpur; and
5.2 Manager's office at Suite 6.04 Penthouse, Wisma Academy, 4A Jalan 19/1, 46300 Petaling Jaya, Selangor

during normal office hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 19 July 2010.


AXREIT - RENEWAL OF THE INTENTION TO DEAL IN UNITS DURING CLOSED PERIOD

Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: AXIS REAL ESTATE INVESTMENT TRUST
Stock Name: AXREIT
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: RENEWAL OF THE INTENTION TO DEAL IN UNITS DURING CLOSED PERIOD

Contents: Reference is made to the announcement dated 21 April 2010 on the Proposed Dealings in Units during Closed Period.

Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Dealings during Closed Periods, Axis REIT Managers Berhad ("ARMB" or "Manager"), the management company of Axis Real Estate Investment Trust ("Axis-REIT") wishes to announce that the Manager has received notifications from the following Directors, Alternate Director and Principal Officers of ARMB in relation to the renewal of their intention to deal in units of Axis-REIT during the closed period of Axis-REIT, the details are tabulated as follows:-


IQGROUP - General Announcement

Announcement Type: General Announcement
Company Name: IQ GROUP HOLDINGS BERHAD
Stock Name: IQGROUP
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: IQ Group Holdings Berhad
Proposed Renewal of Share Buy-Back Authority
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

Contents: IQ Group Holdings Berhad
Proposed Renewal of Share Buy-Back Authority (the "Proposed Renewal of Share Buy-Back Authority")
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (the "Proposed Renewal of Shareholders' Mandate")


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: 19/07/2010

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:-


SBCCORP - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: SBC CORPORATION BERHAD
Stock Name: SBCCORP
Date Announced: 19/07/2010

Announcement Detail:
Date of change: 19/07/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Non Independent & Non Executive

Name: Mun Chong Shing @ Mun Chong Tian

Age: 73

Nationality: Malaysian

Qualifications: Secondary education up to GCE A Level.

Working experience and occupation: He was employed as General Manager of Paling Industries Sdn. Bhd. ("Paling") from 1987 and appointed as a Director in 1991 and remained in both positions until his retirement on 31st December, 2001.

He has received training in Sales Management conducted by the National Productive Centre and the Malaysian Institute of Management and a General Management Programme at the National Productivity Board, Singapore.

Prior to his involvement with Paling, he was employed as a General Manager in Hume Industries (M) Bhd. where he has had extensive exposure to industrial engineering and management.

Directorship of public companies (if any): None

Family relationship with any director and/or major shareholder of the listed issuer: He is a brother-in-law to Sia Kwee Mow @ Sia Hok Chai and an uncle to Sia Teong Heng, both are directors and major shareholders of SBC Corporation Berhad.

Any conflict of interests that he/she has with the listed issuer: None

Details of any interest in the securities of the listed issuer or its subsidiaries: Ho holds 21,782 ordinary shares in SBC Corporation Berhad.

Composition of Audit Committee (Name and Directorate of members after change): (a) YBhg. Dato' Dr. Norraesah bt. Haji Mohamad (Chairperson and Independent Non-Executive Director)
(b) En. Ahmad Fizal bin Othman (Independent Non-Executive Director)
(c) Mr. Mun Chong Shing @ Mun Chong Tian (Non-Executive Director)


SSTEEL - Southern Steel Berhad ("SSB") Receipt of Notice of Unconditional Take-over Offer

Announcement Type: General Announcement
Company Name: SOUTHERN STEEL BERHAD
Stock Name: SSTEEL
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: Southern Steel Berhad ("SSB")
Receipt of Notice of Unconditional Take-over Offer

Contents: We refer to our announcement dated 16 July 2010 in respect of the receipt of notice of unconditional take-over offer from Hong Leong Investment Bank Berhad, on behalf of Signaland Sdn Bhd ("Offeror") on the Offeror's obligation to acquire all the ordinary shares of RM1.00 each in SSB which are not already owned by the Offeror and the persons acting in concert with it ("PACs") ("Offer Shares") at a cash consideration of RM2.05 per Offer Share ("Offer").

We wish to clarify that the Offer is not conditional upon any minimum level of acceptances of Offer Shares as the Offeror and its PACs already own more than 50% of the voting shares of SSB. However, the Offer is subject to approvals including ratification, where required, being obtained as follows:

(a) the clearance by the Securities Commission ("SC") for the Offer Document;

(b) the SC under the Bumiputera Equity Requirement; and

(c) the Ministry of International Trade and Industry.

This announcement is dated 19 July 2010.


IPMUDA - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: IPMUDA BERHAD
Stock Name: IPMUDA
Date Announced: 19/07/2010

Announcement Detail:
Date of change: 18/07/2010

Type of change: Demised

Designation: Director

Directorate: Independent & Non Executive

Name: Dato' Lim Ah Lai

Age: 58

Nationality: Malaysian

Qualifications: not applicable

Working experience and occupation: not applicable

Directorship of public companies (if any): nil

Family relationship with any director and/or major shareholder of the listed issuer: nil

Any conflict of interests that he/she has with the listed issuer: nil

Details of any interest in the securities of the listed issuer or its subsidiaries: 255,000 ordinary shares (0.35%)


KONSORT - General Announcement

Announcement Type: General Announcement
Company Name: KONSORTIUM LOGISTIK BERHAD
Stock Name: KONSORT
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: KONSORTIUM LOGISTIK BERHAD ("KONSORTIUM")
- NOTIFICATION OF INTENTION BY DIRECTORS TO DEAL IN KONSORTIUM'S SECURITIES DURING CLOSED PERIOD

Contents: Pursuant to paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Directors of Konsortium as shown in the following table intend to deal (direct and/or indirect) in the securities of Konsortium during the closed period prior to the targeted date of announcement of the quarterly results for the financial quarter ended 30 June 2010. Their current holdings in the securities of Konsortium are as per the following table.



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