MTRONIC - General Announcement
Announcement Type: General Announcement
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: METRONIC GLOBAL BERHAD ("MGB" or "COMPANY")
TERMINATION OF BUILD, OPERATE AND TRANSFER CONCESSION AGREEMENT BETWEEN METRONIC GLOBAL BERHAD AND LAI AN COUNTY WATER UTILITY BOARD, ANHUI PROVINCE IN THE PEOPLE'S REPUBLIC OF CHINA
Contents: We refer to the announcements dated 3 February 2009 and 15 October 2009 in respect of the 33 years build, operate and transfer water concession agreement dated 2 February 2009 ("BOT Water Concession Agreement") entered into between MGB and Lai An County Water Utility Board ("Water Utility Board"), Anhui Province in the People's Republic of China for the design, construction, production, operation, maintenance and sale of treated water in Lai'An County, Anhui Province in the People's Republic of China ("Concession Rights").
The Board of Directors of MGB ("Board") wishes to announce that the Company and Water Utility Board have mutually agreed to terminate the BOT Concession Agreement amicably with effect from 16 August 2010 ("Termination").
Upon termination of the BOT Water Concession Agreement, MGB shall return the Concession Rights to the Water Utility Board and handover all the construction works completed up to the date of Termination (inclusive of office building, water supply pump station, chlorine and additive treatment plant, water tank, perimeter wall etc.) and related documents, materials and files to the Water Utility Board.
Pursuant to the Termination, the Water Utility Board agreed to compensate MGB for all the construction works completed up to the date of the Termination amounted to RMB5,123,484 (or equivalent to RM2,387,544 based on exchange rate of RMB1: RM0.466). It was mutually agreed that part of the compensation amount of RMB1,219,181 (or equivalent to RM568,138 based on exchange rate of RMB1: RM0.466) shall be paid directly by the Water Utility Board to one of the subcontractor of the concession work, for the balance amount owing on construction costs of the water treatment plant, and the remaining amount of RMB3,904,303 (or equivalent to RM1,819,405 based on exchange rate of RMB1: RM0.466) shall be paid to MGB's wholly owned special purpose company, namely Anhui Lai'An Metronic Water Supply Co Ltd (which was incorporated to undertake the funding and construction of the water treatment plant under the BOT Water Concession Agreement) upon the Water Utility Board entering into a new build, operate and transfer concession agreement with a third party who shall become the successor of MGB to pursue/ take-over the Concession Rights and related work, which is now at the stage of negotiation.
The total cost of investment of MGB in the entire concession project up until the date of the Termination amounted to RMB6,856,323 (or equivalent to RM3,195,047 based on exchange rate of RMB1: RM0.466). The Termination is expected to result in a loss on investment to MGB group of approximately RM1.67 million, inclusive of an exchange loss of approximately RM0.29 million (as a result of strengthening of RMB against Ringgit Malaysia between the commencement of the Concession Rights and the current prevailing exchange rate of RMB1: RM0.466). The Termination is not expected to have any effect on the issued and paid-up share capital of MGB. The Termination is in line with MGB's direction to streamline its resources to focus on core business and to divest its non-core businesses.
The Termination is not subject to the approval of the shareholders of the Company and/or any other relevant government authorities in Malaysia.
None of the directors and/or major shareholders of MGB or persons connected with them, has any interest, direct or indirect, in the Termination.
The Directors of the Company, having considered all aspects of the Termination, are of the opinion that the Termination is in the best interest of MGB.
This announcement is dated 16 August 2010.
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: METRONIC GLOBAL BERHAD ("MGB" or "COMPANY")
TERMINATION OF BUILD, OPERATE AND TRANSFER CONCESSION AGREEMENT BETWEEN METRONIC GLOBAL BERHAD AND LAI AN COUNTY WATER UTILITY BOARD, ANHUI PROVINCE IN THE PEOPLE'S REPUBLIC OF CHINA
Contents: We refer to the announcements dated 3 February 2009 and 15 October 2009 in respect of the 33 years build, operate and transfer water concession agreement dated 2 February 2009 ("BOT Water Concession Agreement") entered into between MGB and Lai An County Water Utility Board ("Water Utility Board"), Anhui Province in the People's Republic of China for the design, construction, production, operation, maintenance and sale of treated water in Lai'An County, Anhui Province in the People's Republic of China ("Concession Rights").
The Board of Directors of MGB ("Board") wishes to announce that the Company and Water Utility Board have mutually agreed to terminate the BOT Concession Agreement amicably with effect from 16 August 2010 ("Termination").
Upon termination of the BOT Water Concession Agreement, MGB shall return the Concession Rights to the Water Utility Board and handover all the construction works completed up to the date of Termination (inclusive of office building, water supply pump station, chlorine and additive treatment plant, water tank, perimeter wall etc.) and related documents, materials and files to the Water Utility Board.
Pursuant to the Termination, the Water Utility Board agreed to compensate MGB for all the construction works completed up to the date of the Termination amounted to RMB5,123,484 (or equivalent to RM2,387,544 based on exchange rate of RMB1: RM0.466). It was mutually agreed that part of the compensation amount of RMB1,219,181 (or equivalent to RM568,138 based on exchange rate of RMB1: RM0.466) shall be paid directly by the Water Utility Board to one of the subcontractor of the concession work, for the balance amount owing on construction costs of the water treatment plant, and the remaining amount of RMB3,904,303 (or equivalent to RM1,819,405 based on exchange rate of RMB1: RM0.466) shall be paid to MGB's wholly owned special purpose company, namely Anhui Lai'An Metronic Water Supply Co Ltd (which was incorporated to undertake the funding and construction of the water treatment plant under the BOT Water Concession Agreement) upon the Water Utility Board entering into a new build, operate and transfer concession agreement with a third party who shall become the successor of MGB to pursue/ take-over the Concession Rights and related work, which is now at the stage of negotiation.
The total cost of investment of MGB in the entire concession project up until the date of the Termination amounted to RMB6,856,323 (or equivalent to RM3,195,047 based on exchange rate of RMB1: RM0.466). The Termination is expected to result in a loss on investment to MGB group of approximately RM1.67 million, inclusive of an exchange loss of approximately RM0.29 million (as a result of strengthening of RMB against Ringgit Malaysia between the commencement of the Concession Rights and the current prevailing exchange rate of RMB1: RM0.466). The Termination is not expected to have any effect on the issued and paid-up share capital of MGB. The Termination is in line with MGB's direction to streamline its resources to focus on core business and to divest its non-core businesses.
The Termination is not subject to the approval of the shareholders of the Company and/or any other relevant government authorities in Malaysia.
None of the directors and/or major shareholders of MGB or persons connected with them, has any interest, direct or indirect, in the Termination.
The Directors of the Company, having considered all aspects of the Termination, are of the opinion that the Termination is in the best interest of MGB.
This announcement is dated 16 August 2010.
GPACKET - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/08/2010
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: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/08/2010
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)
DAYA - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 16/08/2010
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: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 16/08/2010
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)
DAYA - General Announcement
Announcement Type: General Announcement
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: DAYA MATERIALS BERHAD ("DMB" or "the Company")
Recurrent Related Party Transactions between Daya Polymer Sdn Bhd ("DPSB"), a wholly owned subsidiary of DMB, and Cominet Corporation, Korea ("Cominet")
Contents: We refer to our announcement dated 21 May 2010 in relation to the above matter.
Please refer to the attached file for full text of the announcement.
This announcement is dated 16 August 2010.
Attachments: DMB-RRPT Q210.pdf
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: DAYA MATERIALS BERHAD ("DMB" or "the Company")
Recurrent Related Party Transactions between Daya Polymer Sdn Bhd ("DPSB"), a wholly owned subsidiary of DMB, and Cominet Corporation, Korea ("Cominet")
Contents: We refer to our announcement dated 21 May 2010 in relation to the above matter.
Please refer to the attached file for full text of the announcement.
This announcement is dated 16 August 2010.
Attachments: DMB-RRPT Q210.pdf
TMCLIFE - General Announcement
Announcement Type: General Announcement
Company Name: TMC LIFE SCIENCES BERHAD
Stock Name: TMCLIFE
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: TMC Life Sciences Berhad
- Notice of Intention to Deal in the Securities of TMC Life Sciences Berhad ("the Company") During Closed Period
Contents: This is to notify that the Company has received a notification from Mr. Siew Boon Yeong, a director of the Company, that he intends to deal in the securities of the Company during the closed period as defined in the Main Market Listing Requirements.
The current shareholding of Mr. Siew Boon Yeong is as per table below.
Company Name: TMC LIFE SCIENCES BERHAD
Stock Name: TMCLIFE
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: TMC Life Sciences Berhad
- Notice of Intention to Deal in the Securities of TMC Life Sciences Berhad ("the Company") During Closed Period
Contents: This is to notify that the Company has received a notification from Mr. Siew Boon Yeong, a director of the Company, that he intends to deal in the securities of the Company during the closed period as defined in the Main Market Listing Requirements.
The current shareholding of Mr. Siew Boon Yeong is as per table below.
GENETEC - GENETEC-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 16/08/2010
Announcement Detail:
Subject: GENETEC-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 2,955,000 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 18 August 2010.
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 16/08/2010
Announcement Detail:
Subject: GENETEC-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 2,955,000 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 18 August 2010.
REXIT - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: REXIT BERHAD (ACE Market)
Stock Name: REXIT
Date Announced: 16/08/2010
Announcement Detail:
Date of buy back: 16/08/2010
Description of shares purchased: ORDINARY SHARES OF RM0.10 EACH
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 76,000
Minimum price paid for each share purchased ($$): 0.480
Maximum price paid for each share purchased ($$): 0.485
Total consideration paid ($$): 36,945.68
Number of shares purchased retained in treasury (units): 76,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,168,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.67
Company Name: REXIT BERHAD (ACE Market)
Stock Name: REXIT
Date Announced: 16/08/2010
Announcement Detail:
Date of buy back: 16/08/2010
Description of shares purchased: ORDINARY SHARES OF RM0.10 EACH
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 76,000
Minimum price paid for each share purchased ($$): 0.480
Maximum price paid for each share purchased ($$): 0.485
Total consideration paid ($$): 36,945.68
Number of shares purchased retained in treasury (units): 76,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,168,000
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 (%): 1.67
SUMATEC - SUMATEC RESOURCES BERHAD ("SUMATEC" OR "COMPANY") NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("SUMATEC" OR "COMPANY")
NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: On behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the Company will be convening an EGM at Concorde II, Level 2, Concorde Hotel Shah Alam, No. 3 Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan on Wednesday, 1 September 2010 at 10.30 a.m. or at any adjournment thereof.
The full text of the Notice of the EGM to be advertised in New Straits Times tomorrow, 17 August 2010 is attached herewith for your attention.
This announcement is dated 16 August 2010.
Attachments: Notice of EGM.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("SUMATEC" OR "COMPANY")
NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: On behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the Company will be convening an EGM at Concorde II, Level 2, Concorde Hotel Shah Alam, No. 3 Jalan Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul Ehsan on Wednesday, 1 September 2010 at 10.30 a.m. or at any adjournment thereof.
The full text of the Notice of the EGM to be advertised in New Straits Times tomorrow, 17 August 2010 is attached herewith for your attention.
This announcement is dated 16 August 2010.
Attachments: Notice of EGM.pdf
MBFHLDG - Related Party Transaction with Nadin Holdings Sdn Bhd ("Nadin")
Announcement Type: General Announcement
Company Name: MBF HOLDINGS BERHAD
Stock Name: MBFHLDG
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Related Party Transaction with Nadin Holdings Sdn Bhd ("Nadin")
Contents: MBf Holdings Berhad ("MBfH"or "the Company") wishes to announce that the Company has today, approved a payment of RM1.5 million to Nadin for the Lienholders' Caveat created over its properties for a RM150 million Standby Overdraft Facility applied by MBfH from Aseambankers Malaysia Berhad (now known as Maybank Investment Bank Berhad) in mid 2008. The facility was approved for a period of one year from the date of drawdown which the Company made the announcement on 21 November 2008. The said facility was terminated in May 2010 with the discharge documentation completed in July 2010.
Nadin is wholly owned by Tan Sri Datuk Dr Ninian Mogan Lourdenadin, the Company's major shareholder and director with his spouse, Puan Sri Datin Matrona D'Cruz A/P Tharsis D'Cruz. Mdm Susan A/P Rajanayagam, the Managing Director of MBfH is also a director of Nadin.
Company Name: MBF HOLDINGS BERHAD
Stock Name: MBFHLDG
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Related Party Transaction with Nadin Holdings Sdn Bhd ("Nadin")
Contents: MBf Holdings Berhad ("MBfH"or "the Company") wishes to announce that the Company has today, approved a payment of RM1.5 million to Nadin for the Lienholders' Caveat created over its properties for a RM150 million Standby Overdraft Facility applied by MBfH from Aseambankers Malaysia Berhad (now known as Maybank Investment Bank Berhad) in mid 2008. The facility was approved for a period of one year from the date of drawdown which the Company made the announcement on 21 November 2008. The said facility was terminated in May 2010 with the discharge documentation completed in July 2010.
Nadin is wholly owned by Tan Sri Datuk Dr Ninian Mogan Lourdenadin, the Company's major shareholder and director with his spouse, Puan Sri Datin Matrona D'Cruz A/P Tharsis D'Cruz. Mdm Susan A/P Rajanayagam, the Managing Director of MBfH is also a director of Nadin.
IGB - Notice of intention to deal during closed period
Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Notice of intention to deal during closed period
Contents: Pursuant to paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Gan Ping Kee, a principal officer, has given notification to deal in the securities of IGB during the closed period. He holds 315,000 shares in IGB.
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Notice of intention to deal during closed period
Contents: Pursuant to paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Gan Ping Kee, a principal officer, has given notification to deal in the securities of IGB during the closed period. He holds 315,000 shares in IGB.
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