August 26, 2010

Company announcements: DEGEM, ASIAFLE, STONE, GOODWAY, EMETALL, SCNWOLF, SUNCRN, RALCO, SALCON

DEGEM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DEGEM BERHAD
Stock Name: DEGEM
Date Announced: 26/08/2010

Announcement Detail:
Date of buy back: 26/08/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 20,000

Minimum price paid for each share purchased ($$): 0.970

Maximum price paid for each share purchased ($$): 0.980

Total consideration paid ($$): 19,642.85

Number of shares purchased retained in treasury (units): 20,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,722,700

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 (%): 1.29


ASIAFLE - Proposed Authority to Buy-back its Own Shares by the Company

Announcement Type: General Announcement
Company Name: ASIA FILE CORPORATION BHD
Stock Name: ASIAFLE
Date Announced: 26/08/2010

Announcement Detail:
Type: Announcement

Subject: Proposed Authority to Buy-back its Own Shares by the Company

Contents: Asia File Corporation Bhd ("Asia File" or the "Company") wishes to announce that the Company proposed to seek renewal of authorisation from its shareholders at the forthcoming general meeting to purchase its own shares up to ten per cent (10%) of the existing issued and paid-up share capital of the Company.

The Proposed Authority to Buy-Back Shares will give the Directors the flexibility to purchase its own shares, if and when circumstances permit, with a view to enhancing the EPS of the Group and NA per share of the Company.

The Proposed Authority to Buy-Back Shares is not expected to have any potential material disadvantage to the Company and its shareholders as it will be exercised only after in-depth consideration of the financial resources of the Group and of the resultant impact on the shareholders of the Company.

A Statement of Shares Buy Back pertaining to the above proposal will be sent to shareholders in due course. The purpose of the Statement is to provide shareholders with details, financial effects, rationale and etc. of the said proposal, which is to be tabled as Ordinary Resolution under special business at the forthcoming AGM.

This announcement is dated 26 August 2010.


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

Announcement Type: Financial Results
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 26/08/2010

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)


GOODWAY - SUBSCRIPTION OF SHARES IN GOODWAY SUPERCOOL PTY LTD

Announcement Type: General Announcement
Company Name: GOODWAY INTEGRATED INDUSTRIES BERHAD
Stock Name: GOODWAY
Date Announced: 26/08/2010

Announcement Detail:
Type: Announcement

Subject: SUBSCRIPTION OF SHARES IN GOODWAY SUPERCOOL PTY LTD

Contents: The Board of Directors' of Goodway Integrated Industries Berhad ("GIIB") wishes to announce that its subsidiary, namely Goodway Rubber Company Pty Ltd ("GRC" or "the Company"), had on 26 August 2010 subscribed for 7,000 ordinary shares of AUD1.00 each at par value in the share capital of Goodway Supercool Pty Ltd ("GSP"), for a total cash consideration of AUD7,000.

Further to the abovementioned subscription, GSP will be a 70% owned subsidiary of GRC, which in turn will be 63% owned by GIIB based on its 90% direct shareholding in the share capital of GRC.

This announcement is dated 26 August 2010.


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

Announcement Type: Financial Results
Company Name: EONMETALL GROUP BERHAD
Stock Name: EMETALL
Date Announced: 26/08/2010

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)


SCNWOLF - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 26/08/2010

Announcement Detail:
Date of buy back: 26/08/2010

Description of shares purchased: Ordinary Shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 29,000

Minimum price paid for each share purchased ($$): 0.370

Maximum price paid for each share purchased ($$): 0.375

Total consideration paid ($$): 10,949.49

Number of shares purchased retained in treasury (units): 29,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 439,300

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.55


SUNCRN - 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: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 26/08/2010

Announcement Detail:
Date of buy back from: 16/08/2010

Date of buy back to: 19/08/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 35,000

Minimum price paid for each share purchased ($$): 1.800

Maximum price paid for each share purchased ($$): 1.820

Total amount paid for shares purchased ($$): 63,713.16

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 35,000

Total number of shares retained in treasury (units): 1,413,100

Number of shares purchased which were cancelled (units): 0

Total issued capital as diminished: N/A

Date lodged with registrar of companies: 26/08/2010

Lodged by: Epsilon Advisory Services Sdn Bhd


SUNCRN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 26/08/2010

Announcement Detail:
Date of buy back: 26/08/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 2,000

Minimum price paid for each share purchased ($$): 1.820

Maximum price paid for each share purchased ($$): 1.820

Total consideration paid ($$): 3,685.10

Number of shares purchased retained in treasury (units): 2,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,431,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.49


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

Announcement Type: Financial Results
Company Name: RALCO CORPORATION BERHAD
Stock Name: RALCO
Date Announced: 26/08/2010

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)


SALCON - General Announcement

Announcement Type: General Announcement
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 26/08/2010

Announcement Detail:
Type: Reply to query

Reply to Bursa Malaysia's Query Letter - Reference ID: ZO-100825-52378

Subject: ADDITIONAL INFORMATION IN RESPECT OF THE ACQUISITION OF YIZHENG RONG XIN WASTEWATER TREATMENT COMPANY LIMITED BY JIANGSU SALCON WATER & ENVIRONMENTAL DEVELOPMENT COMPANY LIMITED, A 66.67% SUBSDIARY

Contents: Further to the announcement of 23 August 2010 and the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 25 August 2010 in relation to the acquisition of Yizheng Rong Xin Wastewater Treatment Company Limited ("RXWT") by Jiangsu Salcon Water & Environmental Development Company Limited, Salcon Berhad ("Salcon" or "the Company") wishes to provide clarification and additional information as follows:-

I. Clarification Pertaining to the Announcement Released on 23 August 2010 ("Announcement")

(a) the word "CA" used in Paragraph 3.5.1 of the Announcement is an abbreviation of "Concession Agreement".

(b) the word "earnings" appears in Paragraph 8.3 of the Announcement should be "net assets" and the amended Paragraph 8.3 is as follows:-

8.3 Net Assets per Share

The Acquisition will not have any significant effect on the net assets per share of Salcon Group for the financial year ending 31 December 2010.

(c) Paragraph 3.4.1 shall read together with Paragraph 3.4.4 of the Announcement.

"other debts" as disclosed in Paragraph 3.4.1 of the Announcement and "other liabilities" as disclosed in Paragraph 3.4.4 (c) of the Announcement shall exclude the liabilities of up to RMB5 million to be assumed by the Purchaser.

II. Additional Information Requested by Bursa Securities

1. Information for Q1

(a) 1.49 times of net assets value ("NAV") as at 31 December 2009 was derived as follows:-

Purchase Price of RMB44 million (approximately RM20.28 million) / NAV of RMB29.58 million (approximately RM13.64 million)

(b) 1.52 times of NAV as at 30 June 2010 was derived as follows:-

Purchase Price of RMB44 million (approximately RM20.28 million) / NAV of RMB29.03 million (approximately RM13.38 million)

The above premium over NAV was arrived after taking into the consideration the intense competition in water and wastewater business in the People's Republic of China to secure a reasonable concession.

2. Information for Q2 and Q4

Based on the latest management accounts as at 30 June 2010, the amount of other liabilities/debts of RXWT is RMB10.09 million (approximately RM4.65 million).

Save for the bank borrowing of RMB21 million (approximately RM9.68 million) and other liabilities of up to RMB5 million (approximately RM2.31 million), which will be assumed by the Purchaser, the remaining liabilities/debts amounting to RMB5.09 million (approximately RM2.35 million) as at 30 June 2010 shall be settled by the Vendor prior to the Transfer Date.

The details of the remaining liabilities/debts amounting to RMB5.09 million (approximately RM2.35 million) to be settled by the Vendor prior to the Transfer Date are largely made up of operating expenses and overheads.

However, the actual amount of the remaining liabilities/debts to be settled by the Vendor prior to the Transfer Date cannot be quantified at this juncture.

3. Information for Q3

The amount of cash in hand and deposit in bank of RXWT based on the latest management accounts as at 30 June 2010 and the latest audited accounts as at 31 December 2009 are as follows:-

30 June 2010 31 December 2009
Cash in Hand and RMB2.06 million RMB4.15 million
Deposit in Bank (approximately (approximately
RM0.95 million) RM1.91 million)

4. Information for Q5

The amount of treatment fee outstanding from the People's Government of Yizheng, based on the latest audited account as at 31 December 2009 and latest management accounts as at 30 June 2009, which is to be settled by its Finance Department is as follows:-

30 June 2010 31 December 2009
Amount of Outstanding RMB806,000 RMB4.32 million
Treatment Fee (approximately (approximately
RM371,566) RM1.99 million)


5. Information for Q6

Subject to the completion of the Acquisition, the expansion of the wastewater treatment plant from 25 MLD to 50 MLD is expected to be commenced in October 2010 and completed by 31 January 2011.

Query Letter content: We refer to your Company's announcement dated 23 August 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 basis in arriving at 1.49 times and 1.52 times of the NAV of RXWT as at 31
December 2009 and 30 June 2010 respectively.
The amount of RXWT's other debts that will be settled in full by the vendor
prior to the Transfer Date.
The amount of RXWT's cash in hand and deposit in bank respectively based on
RXWT's latest management accounts as at 30 June 2010 and latest audited
accounts as at 31 December 2009.
The details of RXWT's other liabilities that will be settled by the vendor
prior to the Transfer Date and the amount thereof.
The amount of treatment fee outstanding from the People's Government of
Yizheng, based on RXWT's latest audited accounts as at 31 December 2009 and
latest management accounts as at 30 June 2010 which is to be settled by the
Finance Department of the People's Governement of Yizheng.
The expected commencement and completion date of expansion of the WWTP from 25
MLD to 50 MLD.
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)



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