MUIIND - General Announcement
Announcement Type: General Announcement
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY" OR "MUI")
- DEALING IN SECURITIES OF MUI DURING CLOSED PERIOD
Contents: Further to our announcement made on 2 August 2010, the Company has received notification from Tan Sri Dato' Khoo Kay Peng that following the disposal by Firstway International Investment Limited and Bonham Industries Limited (companies in which he has a deemed interest) of their 63.38% equity interest in Morning Star Resources Limited ("MSRL")on 5 August 2010, he has ceased to have a deemed interest in the 37,500,000 ordinary shares of RM1.00 each in MUI representing 1.85% of the issued and paid-up share capital of MUI held by Swift Progress Investments Limited, a wholly-owned subsidiary of MSRL.
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY" OR "MUI")
- DEALING IN SECURITIES OF MUI DURING CLOSED PERIOD
Contents: Further to our announcement made on 2 August 2010, the Company has received notification from Tan Sri Dato' Khoo Kay Peng that following the disposal by Firstway International Investment Limited and Bonham Industries Limited (companies in which he has a deemed interest) of their 63.38% equity interest in Morning Star Resources Limited ("MSRL")on 5 August 2010, he has ceased to have a deemed interest in the 37,500,000 ordinary shares of RM1.00 each in MUI representing 1.85% of the issued and paid-up share capital of MUI held by Swift Progress Investments Limited, a wholly-owned subsidiary of MSRL.
JAKS - General Announcement
Announcement Type: General Announcement
Company Name: JAKS RESOURCES BERHAD
Stock Name: JAKS
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: JAKS Resources Berhad (the "Company")
-Kuala Lumpur High Court Suit No: D4-22-1452-2006 between JAKS-KDEB Consortium Sdn Bhd ("JKDEB") ------ Plaintiff
1. Perbadanan Urus Air Selangor Berhad ----1st Defendant
2. Syarikat Bekalan Air Selangor Sdn Bhd ---2nd Defendant
3. Kerajaan Negeri Selangor Darul Ehsan ----3rd Defendant
(hereinafter referred to as the "JKDEB legal suit")
Contents: The Company wishes to inform that at the Case Management held on 4 August 2010, the Kuala Lumpur High Court has fixed the matter for further Case Management on 29 September 2010 to enable the Plaintiff to file the Statement of Agreed Facts, Issues to be Tried, List of Witnesses and Witnesses Statement.
This announcement is dated 5 August 2010.
Company Name: JAKS RESOURCES BERHAD
Stock Name: JAKS
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: JAKS Resources Berhad (the "Company")
-Kuala Lumpur High Court Suit No: D4-22-1452-2006 between JAKS-KDEB Consortium Sdn Bhd ("JKDEB") ------ Plaintiff
1. Perbadanan Urus Air Selangor Berhad ----1st Defendant
2. Syarikat Bekalan Air Selangor Sdn Bhd ---2nd Defendant
3. Kerajaan Negeri Selangor Darul Ehsan ----3rd Defendant
(hereinafter referred to as the "JKDEB legal suit")
Contents: The Company wishes to inform that at the Case Management held on 4 August 2010, the Kuala Lumpur High Court has fixed the matter for further Case Management on 29 September 2010 to enable the Plaintiff to file the Statement of Agreed Facts, Issues to be Tried, List of Witnesses and Witnesses Statement.
This announcement is dated 5 August 2010.
NAMFATT - General Announcement
Announcement Type: General Announcement
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad ("Nam Fatt" or "the Company")
- Update on status of the Winding-Up Petition by Perniagaan Sinar Maju Sdn. Bhd. ("PSM") against Nam Fatt Infrastructure Sdn. Bhd. ("NF Infra")
Contents: Further to the Company's announcement made on 08 July 2010, the Company wishes to announce that NF Infra, a wholly-owned subsidiary of the Company, has been wound up by the High Court of Malaya, Johor Bahru on 29 July 2010.
This announcement is dated 05 August 2010.
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad ("Nam Fatt" or "the Company")
- Update on status of the Winding-Up Petition by Perniagaan Sinar Maju Sdn. Bhd. ("PSM") against Nam Fatt Infrastructure Sdn. Bhd. ("NF Infra")
Contents: Further to the Company's announcement made on 08 July 2010, the Company wishes to announce that NF Infra, a wholly-owned subsidiary of the Company, has been wound up by the High Court of Malaya, Johor Bahru on 29 July 2010.
This announcement is dated 05 August 2010.
APM - DEALING IN SECURITIES BY DIRECTOR DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: DEALING IN SECURITIES BY DIRECTOR DURING CLOSED PERIOD
Contents: Further to the announcement made by APM AUTOMOTIVE HOLDINGS BERHAD ("APM") on 26 July 2010 and pursuant to Paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, APM informs that Encik Azman Badrillah, a director, has given notice of his dealing in the shares of APM during closed period.
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: DEALING IN SECURITIES BY DIRECTOR DURING CLOSED PERIOD
Contents: Further to the announcement made by APM AUTOMOTIVE HOLDINGS BERHAD ("APM") on 26 July 2010 and pursuant to Paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, APM informs that Encik Azman Badrillah, a director, has given notice of his dealing in the shares of APM during closed period.
PUNCAK - General Announcement
Announcement Type: General Announcement
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U)
("PUNCAK" OR THE "COMPANY")
ADDITIONAL INVESTMENT IN LUWEI (PINGDINGSHAN) WATER CO. LTD, A SUB-SUBSIDIARY OF THE COMPANY IN THE PEOPLE'S REPUBLIC OF CHINA
Contents: The Board of Directors of Puncak wishes to announce that its 80% owned subsidiary in Singapore, Sino Water Pte Ltd (Company No. 200722828C) ("Sino Water") had recently invested an additional amount of USD1,120,000.00 in Luwei (Pingdingshan) Water Co. Ltd ("Luwei Co. Ltd"), its 83% owned limited liability subsidiary incorporated in Lushan County, Henan Province, in the People's Republic of China under the China Company Law.
The Company was notified on 5 August 2010 by Luwei Co. Ltd that the regulatory authorities of the People's Republic of China had issued the "Enterprise Legal Representative Business Licence" dated 23 July 2010 approving the increase of the paid up registered capital of Luwei Co. Ltd to USD3,870,000.00 from USD2,750,000.00 previously.
Accordingly, Luwei Co. Ltd is now 87.92% owned subsidiary of Sino Water with a total investment totalling USD3,402,500.00.
This announcement is dated 5 August 2010.
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U)
("PUNCAK" OR THE "COMPANY")
ADDITIONAL INVESTMENT IN LUWEI (PINGDINGSHAN) WATER CO. LTD, A SUB-SUBSIDIARY OF THE COMPANY IN THE PEOPLE'S REPUBLIC OF CHINA
Contents: The Board of Directors of Puncak wishes to announce that its 80% owned subsidiary in Singapore, Sino Water Pte Ltd (Company No. 200722828C) ("Sino Water") had recently invested an additional amount of USD1,120,000.00 in Luwei (Pingdingshan) Water Co. Ltd ("Luwei Co. Ltd"), its 83% owned limited liability subsidiary incorporated in Lushan County, Henan Province, in the People's Republic of China under the China Company Law.
The Company was notified on 5 August 2010 by Luwei Co. Ltd that the regulatory authorities of the People's Republic of China had issued the "Enterprise Legal Representative Business Licence" dated 23 July 2010 approving the increase of the paid up registered capital of Luwei Co. Ltd to USD3,870,000.00 from USD2,750,000.00 previously.
Accordingly, Luwei Co. Ltd is now 87.92% owned subsidiary of Sino Water with a total investment totalling USD3,402,500.00.
This announcement is dated 5 August 2010.
KBB - General Announcement
Announcement Type: General Announcement
Company Name: KBB RESOURCES BERHAD
Stock Name: KBB
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: KBB RESOURCES BERHAD ("KBB" or "the Company")
- Default in payment to Prima Uno Berhad and Malaysia Trustees Berhad under Practice Note No. 1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: 1. Introduction
The Company wishes to announce that KBB Resources Berhad ("KBB" or "the Company") has failed to settle the outstanding amount totaling RM20,801,842.75 to Prima Uno Berhad and Malaysia Trustees Berhad under the primary collateralised loan obligations (CLO) transaction facility of RM20,000,000.
2. Reason for Default in payments
The Company has not been able to make the repayments to Prima Uno Berhad and Malaysia Trustees Berhad as at 5 August 2010.
The key contributing factor leading to the default in payment was mainly due to the increase in raw material prices over the past few financial years. Main raw material such as Broken Rice, Corn Starch, Tapioca Starch and Sago Starch doubled up in price in the financial years 2007 and 2008 which resulted in the financial strain faced by the Company. The prices of raw materials continued to escalate gradually between the financial years 2008 to 2010 which further burdened the Company's financials.
The cash flow of KBB was also affected by their investment in Indonesia which has yet to yield any financial returns.
3. Measures by KBB to address the Default
KBB has initiated a Debt Restructuring Plan to formulate a comprehensive Debt Restructuring Plan for the Group. KBB had submitted an application to Corporate Debt Restructing Committee ("CDRC") in respect of the Corporate Debts Restructuring Scheme ("CDRS").
The application to the Corporate Debt Restructuring Committee ("CDRC") was submitted on 21 July 2010. However, the Company is still in the midst of preparing the proposed debt restructuring plan and other documents as required by CDRC. The Company targets to furnish all documents to CDRC by early August 2010 and to be accepted by CDRC in the end of August 2010.
4. The financial and legal implications in respect of the Default
The Default will have a consequence on other on-going bank borrowings of the KBB Group which will also be declared default by other banks. Legal proceedings may be initiated by the lenders against the KBB Group.
The default in payment will not have any substantial short term impact on the business and operations of KBB. The Company has been in existence for more than twenty (20) years and has formed a solid business relationship with its suppliers along the way. As a result, the existing suppliers of KBB are willing to give their support to the Company. The Management of KBB is also taking active actions to improve the collection from customers as an immediate measure to improve cash flow.
However, a feasible restructuring scheme is required to enable KBB to repay its borrowers in the long term.
5. In the event the Default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer
Not applicable
6. In the event the Default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager
Not applicable.
7. Whether the Default constitutes an event of default under a different agreement for indebtedness (cross default) and the details for such other default where applicable
The Default with Prima Uno Berhad and Malaysia Trustees Berhad may trigger a cross default with the Company's other lenders.
8. Where the Default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be
Not applicable
9. Solvency of KBB
The Company is solvent pursuant to Solvency Declaration duly executed by the Board of Directors on 27 July 2010.
This announcement is dated 5 August 2010
Company Name: KBB RESOURCES BERHAD
Stock Name: KBB
Date Announced: 05/08/2010
Announcement Detail:
Type: Announcement
Subject: KBB RESOURCES BERHAD ("KBB" or "the Company")
- Default in payment to Prima Uno Berhad and Malaysia Trustees Berhad under Practice Note No. 1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: 1. Introduction
The Company wishes to announce that KBB Resources Berhad ("KBB" or "the Company") has failed to settle the outstanding amount totaling RM20,801,842.75 to Prima Uno Berhad and Malaysia Trustees Berhad under the primary collateralised loan obligations (CLO) transaction facility of RM20,000,000.
2. Reason for Default in payments
The Company has not been able to make the repayments to Prima Uno Berhad and Malaysia Trustees Berhad as at 5 August 2010.
The key contributing factor leading to the default in payment was mainly due to the increase in raw material prices over the past few financial years. Main raw material such as Broken Rice, Corn Starch, Tapioca Starch and Sago Starch doubled up in price in the financial years 2007 and 2008 which resulted in the financial strain faced by the Company. The prices of raw materials continued to escalate gradually between the financial years 2008 to 2010 which further burdened the Company's financials.
The cash flow of KBB was also affected by their investment in Indonesia which has yet to yield any financial returns.
3. Measures by KBB to address the Default
KBB has initiated a Debt Restructuring Plan to formulate a comprehensive Debt Restructuring Plan for the Group. KBB had submitted an application to Corporate Debt Restructing Committee ("CDRC") in respect of the Corporate Debts Restructuring Scheme ("CDRS").
The application to the Corporate Debt Restructuring Committee ("CDRC") was submitted on 21 July 2010. However, the Company is still in the midst of preparing the proposed debt restructuring plan and other documents as required by CDRC. The Company targets to furnish all documents to CDRC by early August 2010 and to be accepted by CDRC in the end of August 2010.
4. The financial and legal implications in respect of the Default
The Default will have a consequence on other on-going bank borrowings of the KBB Group which will also be declared default by other banks. Legal proceedings may be initiated by the lenders against the KBB Group.
The default in payment will not have any substantial short term impact on the business and operations of KBB. The Company has been in existence for more than twenty (20) years and has formed a solid business relationship with its suppliers along the way. As a result, the existing suppliers of KBB are willing to give their support to the Company. The Management of KBB is also taking active actions to improve the collection from customers as an immediate measure to improve cash flow.
However, a feasible restructuring scheme is required to enable KBB to repay its borrowers in the long term.
5. In the event the Default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer
Not applicable
6. In the event the Default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager
Not applicable.
7. Whether the Default constitutes an event of default under a different agreement for indebtedness (cross default) and the details for such other default where applicable
The Default with Prima Uno Berhad and Malaysia Trustees Berhad may trigger a cross default with the Company's other lenders.
8. Where the Default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be
Not applicable
9. Solvency of KBB
The Company is solvent pursuant to Solvency Declaration duly executed by the Board of Directors on 27 July 2010.
This announcement is dated 5 August 2010
RALCO - 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: RALCO CORPORATION BERHAD
Stock Name: RALCO
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back from: 28/07/2010
Date of buy back to: 02/08/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 206,000
Minimum price paid for each share purchased ($$): 0.950
Maximum price paid for each share purchased ($$): 0.990
Total amount paid for shares purchased ($$): 203,580.59
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 206,000
Total number of shares retained in treasury (units): 2,431,500
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 05/08/2010
Lodged by: EQ Corporate Services (Malaysia) Sdn. Bhd. (Company No. 463543-D)
Company Name: RALCO CORPORATION BERHAD
Stock Name: RALCO
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back from: 28/07/2010
Date of buy back to: 02/08/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 206,000
Minimum price paid for each share purchased ($$): 0.950
Maximum price paid for each share purchased ($$): 0.990
Total amount paid for shares purchased ($$): 203,580.59
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 206,000
Total number of shares retained in treasury (units): 2,431,500
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 05/08/2010
Lodged by: EQ Corporate Services (Malaysia) Sdn. Bhd. (Company No. 463543-D)
RALCO - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: RALCO CORPORATION BERHAD
Stock Name: RALCO
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back: 05/08/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,600
Minimum price paid for each share purchased ($$): 0.920
Maximum price paid for each share purchased ($$): 0.950
Total consideration paid ($$): 15,668.20
Number of shares purchased retained in treasury (units): 16,600
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,447,900
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.83
Company Name: RALCO CORPORATION BERHAD
Stock Name: RALCO
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back: 05/08/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,600
Minimum price paid for each share purchased ($$): 0.920
Maximum price paid for each share purchased ($$): 0.950
Total consideration paid ($$): 15,668.20
Number of shares purchased retained in treasury (units): 16,600
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,447,900
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.83
KKB - Financial Results
Announcement Type: Financial Results
Company Name: KKB ENGINEERING BERHAD
Stock Name: KKB
Date Announced: 05/08/2010
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: KKB ENGINEERING BERHAD
Stock Name: KKB
Date Announced: 05/08/2010
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)
SUIWAH - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUIWAH CORPORATION BERHAD
Stock Name: SUIWAH
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back: 05/08/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 28,600
Minimum price paid for each share purchased ($$): 1.430
Maximum price paid for each share purchased ($$): 1.440
Total consideration paid ($$): 41,126.80
Number of shares purchased retained in treasury (units): 28,600
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,326,100
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.45
Company Name: SUIWAH CORPORATION BERHAD
Stock Name: SUIWAH
Date Announced: 05/08/2010
Announcement Detail:
Date of buy back: 05/08/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 28,600
Minimum price paid for each share purchased ($$): 1.430
Maximum price paid for each share purchased ($$): 1.440
Total consideration paid ($$): 41,126.80
Number of shares purchased retained in treasury (units): 28,600
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,326,100
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 (%): 5.45
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