KNUSFOR - General Announcement
Announcement Type: General Announcement
Company Name: KNUSFORD BERHAD
Stock Name: KNUSFOR
Date Announced: 26/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-100825-37982
Subject: Proposed disposal of the entire and paid-up capital of Wengcon Machinery Sdn Bhd ("WMSB"), a wholly-owned subsidiary of Wengcon Holdings Sdn Bhd, which in-turn is a wholly-owned subsidiary of Knusford Berhad ("Knusford") to a related party for a total cash consideration of RM4,737,805.00 ("Proposed Disposal")
Contents: We refer to your letter dated 25 August 2010 in respect of the above matter. We hereby furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release :-
1. The net assets of WMSB based on its latest audited accounts for the financial year ended 31 December 2009 is RM5,520,205-00.
2. The timeframe for full utilisation of proceeds arising from the Proposed Disposal - There is no timeframe for full utilization as the fund is used for general working capital requirements for Knusford Group.
3. Particulars of all liabilities to be assumed by Dato' Lim Kang Swee arising from the Proposed Disposal, other than those appearing in the audited balance sheet of WMSB - There are no additional liabilities to be assumed by Dato' Lim Kang Swee other than that appearing in the audited balance sheet as at 31 December 2009 of WMSB and such other movement arising from the normal operation of WMSB from that date to the Agreement date.
4. A statement setting out the following :
(a) Whether the audit committee of Knusford is of the view that the Proposed Disposal is
(i) In the best interest of Knusford;
(ii) Fair, reasonable and on normal commercial terms; and
(iii) Not detrimental to the interest of the minority shareholders,
together with the basis for its views;
The audit committee of Knusford has reviewed the above Proposed Disposal and is of the opinion that it is in the best interests of Knusford to dispose this loss making subsidiary and concentrate its effort on more profitable business activities and that the sales consideration is fair, reasonable and conducted on a normal commercial terms for transaction of such nature. Arising thereof, the Proposed Disposal would not be detrimental to the interest of the minority shareholders.
(b) Where the views of the audit committee are different from the opinion of the independent adviser, if any, the reason for the differenc.
- The audit committee is of the opinion that there is no necessity to appoint an independent adviser in view of the reason as stated in 4(a) above.
5. The total amount transacted with Dato' Lim Kang Swee for the preceeding 12 months.
- No transaction was conducted with Dato' Lim Kang Swee for the preceeding 12 months other than the above Proposed Disposal.
Query Letter content: We refer to your announcement dated 24 August 2010 in respect of the above
matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The net assets of WMSB based on its latest audited accounts.
The timeframe for full utilisation of proceeds arising from the Proposed
Disposal.
Particulars of all liabilities to be assumed Dato' Lim Kang Swee arising from
the Proposed Disposal, other than those appearing in the audited balance sheets
of WMSB.
4. A statement setting out the following:
a) whether the audit committee of Knusford is of the view that the Proposed
Disposal is-
i) in the best interest of Knusford;
ii) fair, reasonable and on normal commercial terms; and
iii) not detrimental to the interest of the minority shareholders,
together with the basis for its views;
b) where the audit committee has sought an independent advice in forming its
views, a statement to that effect; and
c) where the views of the audit committee are different from the opinion of
the independent adviser, if any, the reason for the difference.
5. The total amount transacted with Dato' Lim Kang Swee for the preceeding 12
months.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Company Name: KNUSFORD BERHAD
Stock Name: KNUSFOR
Date Announced: 26/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-100825-37982
Subject: Proposed disposal of the entire and paid-up capital of Wengcon Machinery Sdn Bhd ("WMSB"), a wholly-owned subsidiary of Wengcon Holdings Sdn Bhd, which in-turn is a wholly-owned subsidiary of Knusford Berhad ("Knusford") to a related party for a total cash consideration of RM4,737,805.00 ("Proposed Disposal")
Contents: We refer to your letter dated 25 August 2010 in respect of the above matter. We hereby furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release :-
1. The net assets of WMSB based on its latest audited accounts for the financial year ended 31 December 2009 is RM5,520,205-00.
2. The timeframe for full utilisation of proceeds arising from the Proposed Disposal - There is no timeframe for full utilization as the fund is used for general working capital requirements for Knusford Group.
3. Particulars of all liabilities to be assumed by Dato' Lim Kang Swee arising from the Proposed Disposal, other than those appearing in the audited balance sheet of WMSB - There are no additional liabilities to be assumed by Dato' Lim Kang Swee other than that appearing in the audited balance sheet as at 31 December 2009 of WMSB and such other movement arising from the normal operation of WMSB from that date to the Agreement date.
4. A statement setting out the following :
(a) Whether the audit committee of Knusford is of the view that the Proposed Disposal is
(i) In the best interest of Knusford;
(ii) Fair, reasonable and on normal commercial terms; and
(iii) Not detrimental to the interest of the minority shareholders,
together with the basis for its views;
The audit committee of Knusford has reviewed the above Proposed Disposal and is of the opinion that it is in the best interests of Knusford to dispose this loss making subsidiary and concentrate its effort on more profitable business activities and that the sales consideration is fair, reasonable and conducted on a normal commercial terms for transaction of such nature. Arising thereof, the Proposed Disposal would not be detrimental to the interest of the minority shareholders.
(b) Where the views of the audit committee are different from the opinion of the independent adviser, if any, the reason for the differenc.
- The audit committee is of the opinion that there is no necessity to appoint an independent adviser in view of the reason as stated in 4(a) above.
5. The total amount transacted with Dato' Lim Kang Swee for the preceeding 12 months.
- No transaction was conducted with Dato' Lim Kang Swee for the preceeding 12 months other than the above Proposed Disposal.
Query Letter content: We refer to your announcement dated 24 August 2010 in respect of the above
matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The net assets of WMSB based on its latest audited accounts.
The timeframe for full utilisation of proceeds arising from the Proposed
Disposal.
Particulars of all liabilities to be assumed Dato' Lim Kang Swee arising from
the Proposed Disposal, other than those appearing in the audited balance sheets
of WMSB.
4. A statement setting out the following:
a) whether the audit committee of Knusford is of the view that the Proposed
Disposal is-
i) in the best interest of Knusford;
ii) fair, reasonable and on normal commercial terms; and
iii) not detrimental to the interest of the minority shareholders,
together with the basis for its views;
b) where the audit committee has sought an independent advice in forming its
views, a statement to that effect; and
c) where the views of the audit committee are different from the opinion of
the independent adviser, if any, the reason for the difference.
5. The total amount transacted with Dato' Lim Kang Swee for the preceeding 12
months.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
EDARAN - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: EDARAN BERHAD
Stock Name: EDARAN
Date Announced: 26/08/2010
Announcement Detail:
Financial Year End: 30/06/2010
Quarter: 4
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: EDARAN BERHAD
Stock Name: EDARAN
Date Announced: 26/08/2010
Announcement Detail:
Financial Year End: 30/06/2010
Quarter: 4
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PANTECH - PANTECH GROUP HOLDINGS BERHAD ("THE COMPANY") - FOURTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: PANTECH GROUP HOLDINGS BERHAD
Stock Name: PANTECH
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: PANTECH GROUP HOLDINGS BERHAD ("THE COMPANY")
- FOURTH ANNUAL GENERAL MEETING
Contents: The Company wishes to announce that all the resolutions as set out in the Notice of the Fourth Annual General Meeting ("AGM") dated 4 August 2010 were duly passed and carried at the AGM of the Company duly convened and held on 26 August 2010.
This announcement is dated 26 August 2010.
Company Name: PANTECH GROUP HOLDINGS BERHAD
Stock Name: PANTECH
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: PANTECH GROUP HOLDINGS BERHAD ("THE COMPANY")
- FOURTH ANNUAL GENERAL MEETING
Contents: The Company wishes to announce that all the resolutions as set out in the Notice of the Fourth Annual General Meeting ("AGM") dated 4 August 2010 were duly passed and carried at the AGM of the Company duly convened and held on 26 August 2010.
This announcement is dated 26 August 2010.
ECS - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ECS ICT BERHAD
Stock Name: ECS
Date Announced: 26/08/2010
Announcement Detail:
Date of change: 26/08/2010
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Narong Intanate
Age: 52
Nationality: Thai
Qualifications: B.S. in Business Administration, California State University, Sacramento, California, U.S.A.
MBA, California State University, Sacramento, California, U.S.A.
Working experience and occupation: Mr Narong is a leading Thai IT entrepreneur. He is one of the successful pioneers of e-commerce in Thailand -- successfully implementing B2B e-commerce for The Value Systems in 1998, a full two years ahead of the Internet and e-commerce boom in Thailand.
Mr Narong founded The Value Systems in 1988. With his strong entrepreneurial skills and in-depth knowledge of the IT industry, he has grown The Value Systems from a company with 1 million baht in capital and 10 million baht in sales in 1988 to its current position as the leading IT distributor in Thailand, with 1.2 billion baht in equity and 12 billion baht in revenue in 2009. Mr Narong is also the founder of Vnet Capital, a Thai private venture capital company in Thailand. He was promoted to be an Executive Director of ECS Holdings Limited Group to focus on South East Asian growth opportuities in March 2010.
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: Nil
Company Name: ECS ICT BERHAD
Stock Name: ECS
Date Announced: 26/08/2010
Announcement Detail:
Date of change: 26/08/2010
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Narong Intanate
Age: 52
Nationality: Thai
Qualifications: B.S. in Business Administration, California State University, Sacramento, California, U.S.A.
MBA, California State University, Sacramento, California, U.S.A.
Working experience and occupation: Mr Narong is a leading Thai IT entrepreneur. He is one of the successful pioneers of e-commerce in Thailand -- successfully implementing B2B e-commerce for The Value Systems in 1998, a full two years ahead of the Internet and e-commerce boom in Thailand.
Mr Narong founded The Value Systems in 1988. With his strong entrepreneurial skills and in-depth knowledge of the IT industry, he has grown The Value Systems from a company with 1 million baht in capital and 10 million baht in sales in 1988 to its current position as the leading IT distributor in Thailand, with 1.2 billion baht in equity and 12 billion baht in revenue in 2009. Mr Narong is also the founder of Vnet Capital, a Thai private venture capital company in Thailand. He was promoted to be an Executive Director of ECS Holdings Limited Group to focus on South East Asian growth opportuities in March 2010.
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: Nil
ILB - General Announcement
Announcement Type: General Announcement
Company Name: INTEGRATED LOGISTICS BHD
Stock Name: ILB
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: Integrated Logistics Berhad ("ILB")
Members' Voluntary Winding-up of South Pacific Steamship Agency (Properties) Sdn. Bhd., a wholly-owned subsidiary of Integrated Warehouse Sdn. Bhd., which in turn is a wholly-owned subsidiary of ILB ("Voluntary Winding-up")
Contents: Members' Voluntary Winding-up of South Pacific Steamship Agency (Properties) Sdn. Bhd., a wholly-owned subsidiary of Integrated Warehouse Sdn. Bhd., which in turn is a wholly-owned subsidiary of ILB ("Voluntary Winding-up")
Company Name: INTEGRATED LOGISTICS BHD
Stock Name: ILB
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: Integrated Logistics Berhad ("ILB")
Members' Voluntary Winding-up of South Pacific Steamship Agency (Properties) Sdn. Bhd., a wholly-owned subsidiary of Integrated Warehouse Sdn. Bhd., which in turn is a wholly-owned subsidiary of ILB ("Voluntary Winding-up")
Contents: Members' Voluntary Winding-up of South Pacific Steamship Agency (Properties) Sdn. Bhd., a wholly-owned subsidiary of Integrated Warehouse Sdn. Bhd., which in turn is a wholly-owned subsidiary of ILB ("Voluntary Winding-up")
SUNRISE - General Announcement
Announcement Type: General Announcement
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: 1. Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("Proposed Mandate");
2. Proposed amendment to the Articles of Association of the Company in line with the implementation of eDividend ("Proposed Amendment to AA");
3. Proposed first and final dividend of 5% (5 sen) a share less 25% tax for the financial year ended 30th June 2010 ("Proposed Dividend"); and
4. Non-binding advisory vote on executive directors' compensation.
Contents: The Board of Directors of Sunrise Berhad ("Company") hereby announces that the Company intends to seek the approval of its shareholders for the following proposals at the forthcoming 41st annual general meeting of the Company ("AGM"):-
1. Proposed Mandate;
2. Proposed Amendment to AA; and
3. Proposed Dividend.
A circular containing information on the Proposed Mandate will be despatched to shareholders together with the Company's annual report and the details of the Proposed Amendment to AA will be stated in the notice of the AGM.
As regards the Proposed Dividend, the entitlement date and payment date will be announced in due course. For the financial year ended 30th June 2009, the Company had on 10th December 2009 paid a first and final dividend of 3% (3 sen) a share less 25% tax to shareholders.
At the AGM, the directors (except for the executive directors) will seek the shareholders' non-binding advisory vote for the overall executive directors' compensation policies and procedures set out in the Compensation Discussion and Analysis which will be sent to shareholders together with the Company's annual report.
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 26/08/2010
Announcement Detail:
Type: Announcement
Subject: 1. Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("Proposed Mandate");
2. Proposed amendment to the Articles of Association of the Company in line with the implementation of eDividend ("Proposed Amendment to AA");
3. Proposed first and final dividend of 5% (5 sen) a share less 25% tax for the financial year ended 30th June 2010 ("Proposed Dividend"); and
4. Non-binding advisory vote on executive directors' compensation.
Contents: The Board of Directors of Sunrise Berhad ("Company") hereby announces that the Company intends to seek the approval of its shareholders for the following proposals at the forthcoming 41st annual general meeting of the Company ("AGM"):-
1. Proposed Mandate;
2. Proposed Amendment to AA; and
3. Proposed Dividend.
A circular containing information on the Proposed Mandate will be despatched to shareholders together with the Company's annual report and the details of the Proposed Amendment to AA will be stated in the notice of the AGM.
As regards the Proposed Dividend, the entitlement date and payment date will be announced in due course. For the financial year ended 30th June 2009, the Company had on 10th December 2009 paid a first and final dividend of 3% (3 sen) a share less 25% tax to shareholders.
At the AGM, the directors (except for the executive directors) will seek the shareholders' non-binding advisory vote for the overall executive directors' compensation policies and procedures set out in the Compensation Discussion and Analysis which will be sent to shareholders together with the Company's annual report.
SUNRISE - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 26/08/2010
Announcement Detail:
Financial Year End: 30/06/2010
Quarter: 4
Quarterly report for the financial period ended: 30/06/2010
The figures: have been audited
Currency: Malaysian Ringgit (MYR)
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 26/08/2010
Announcement Detail:
Financial Year End: 30/06/2010
Quarter: 4
Quarterly report for the financial period ended: 30/06/2010
The figures: have been audited
Currency: Malaysian Ringgit (MYR)
AEON - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: AEON CO. (M) BHD
Stock Name: AEON
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)
Company Name: AEON CO. (M) BHD
Stock Name: AEON
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)
OSKPROP - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: OSK PROPERTY HOLDINGS BERHAD
Stock Name: OSKPROP
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)
Company Name: OSK PROPERTY HOLDINGS BERHAD
Stock Name: OSKPROP
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)
ARK - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
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)
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
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)
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