BASWELL - General Announcement
Announcement Type: General Announcement
Company Name: BASWELL RESOURCES BERHAD
Stock Name: BASWELL
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: BASWELL RESOURCES BERHAD ("BASWELL" or "the Company")
MONTHLY ANNOUNCEMENT ON:-
- STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")("MAIN LR"); AND
- STATUS OF PLAN TO REGULARISE CONDITION PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN LR.
Contents: Reference is made to the announcements made by the Company on 9 August 2010, 10 August 2010, 11 August 2010 and 13 August 2010 in relation to the above matters.
Company Name: BASWELL RESOURCES BERHAD
Stock Name: BASWELL
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: BASWELL RESOURCES BERHAD ("BASWELL" or "the Company")
MONTHLY ANNOUNCEMENT ON:-
- STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")("MAIN LR"); AND
- STATUS OF PLAN TO REGULARISE CONDITION PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN LR.
Contents: Reference is made to the announcements made by the Company on 9 August 2010, 10 August 2010, 11 August 2010 and 13 August 2010 in relation to the above matters.
HWGB - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: HO WAH GENTING BERHAD
Stock Name: HWGB
Date Announced: 01/09/2010
Announcement Detail:
Date of change: 01/09/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: TAN NYAP KEONG @ TONY TAN
Age: 60
Nationality: MALAYSIAN
Qualifications: Bachelor of Arts Degree majoring in Political Science and Administration from University of Tasmania, Australia.
A law degree from Lincoln's Inn England.
Working experience and occupation: He was called to the English Bar at Lincoln's Inn of Court in July 1979.
Practiced as an advocate & solicitor with Messrs Syed Alwi Ng & Teoh until 1985.
He was called to the Malaysian Bar in 1980 and is now an advocate and solicitor of the High Court of Malaya. He is a partner of a legal firm, Messrs N.K. Tan & Rahim. He has 30 years of experience in commercial law and is well-versed in conveyancing, litigation and general law.
He was a Non-Executive Director of Antah Holdings Berhad on 14 July 1999 and subsequently appointed as its Executive Director on 16 June 2000. He resigned from Antah Holding Berhad on 30 August 2001.
He was an Independent Non-Executive Director of Ho Wah Genting Berhad ("HWGB") from 4 July 2001 until 12 December 2007. He served as the Chairman of the Audit Committee, Nomination and Remuneration Committee of HWGB until his resignation from the Board of Directors of HWGB on 12 December 2007.
He was also an Independent Non-Executive Director and the Chairman of CVM Minerals Limited ("CVM")(a public company listed on the Stock Exchange of Hong Kong Limited)from 9 November 2007 until 1 September 2010. He also served as the Chairman of the Nomination Committee, Remuneration Committee and a member of Audit Committee of CVM until his resignation from the Board of Directors of CVM on 1 September 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
Composition of Audit Committee (Name and Directorate of members after change): Mr Tee Lay Peng (Chairman, Independent Non-Executive Director), Mr Wong Tuck Jeong (Member, Independent Non-Executive Director), Dato' Mohd Shahar Bin Abdul Hamid (Member, Independent Non-Executive Director) and Mr Tan Nyap Keong @ Tony Tan (Member, Independent Non-Executive Director)
Remarks: Copy to Securities Commission
Company Name: HO WAH GENTING BERHAD
Stock Name: HWGB
Date Announced: 01/09/2010
Announcement Detail:
Date of change: 01/09/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: TAN NYAP KEONG @ TONY TAN
Age: 60
Nationality: MALAYSIAN
Qualifications: Bachelor of Arts Degree majoring in Political Science and Administration from University of Tasmania, Australia.
A law degree from Lincoln's Inn England.
Working experience and occupation: He was called to the English Bar at Lincoln's Inn of Court in July 1979.
Practiced as an advocate & solicitor with Messrs Syed Alwi Ng & Teoh until 1985.
He was called to the Malaysian Bar in 1980 and is now an advocate and solicitor of the High Court of Malaya. He is a partner of a legal firm, Messrs N.K. Tan & Rahim. He has 30 years of experience in commercial law and is well-versed in conveyancing, litigation and general law.
He was a Non-Executive Director of Antah Holdings Berhad on 14 July 1999 and subsequently appointed as its Executive Director on 16 June 2000. He resigned from Antah Holding Berhad on 30 August 2001.
He was an Independent Non-Executive Director of Ho Wah Genting Berhad ("HWGB") from 4 July 2001 until 12 December 2007. He served as the Chairman of the Audit Committee, Nomination and Remuneration Committee of HWGB until his resignation from the Board of Directors of HWGB on 12 December 2007.
He was also an Independent Non-Executive Director and the Chairman of CVM Minerals Limited ("CVM")(a public company listed on the Stock Exchange of Hong Kong Limited)from 9 November 2007 until 1 September 2010. He also served as the Chairman of the Nomination Committee, Remuneration Committee and a member of Audit Committee of CVM until his resignation from the Board of Directors of CVM on 1 September 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
Composition of Audit Committee (Name and Directorate of members after change): Mr Tee Lay Peng (Chairman, Independent Non-Executive Director), Mr Wong Tuck Jeong (Member, Independent Non-Executive Director), Dato' Mohd Shahar Bin Abdul Hamid (Member, Independent Non-Executive Director) and Mr Tan Nyap Keong @ Tony Tan (Member, Independent Non-Executive Director)
Remarks: Copy to Securities Commission
HWGB - Appointment of a new member to the Nomination and Remuneration Committee
Announcement Type: General Announcement
Company Name: HO WAH GENTING BERHAD
Stock Name: HWGB
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: Appointment of a new member to the Nomination and Remuneration Committee
Contents: The Board of Ho Wah Genting Berhad wishes to announce that with effect from 1 September 2010, Mr Tan Nyap Keong @ Tony Tan will be appointed as the Chairman of the Nomination and Remuneration Committee in place of Mr Tee Lay Peng but Mr Tee still remains as member of the Nomination and Remuneration Committee.
In view thereof, the Nomination and Remuneration Committee shall consist of the following members:-
1. Mr Tan Nyap Keong @ Tong Tan (Chairman, Independent Non-Executive Director)
2. Mr Tee Lay Peng (Member, Independent Non-Executive Director)
3. Mr Wong Tuck Jeong (Member, Independent Non-Executive Director)
4. Tuan Adanan Bin Baharum (Adviser)
Company Name: HO WAH GENTING BERHAD
Stock Name: HWGB
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: Appointment of a new member to the Nomination and Remuneration Committee
Contents: The Board of Ho Wah Genting Berhad wishes to announce that with effect from 1 September 2010, Mr Tan Nyap Keong @ Tony Tan will be appointed as the Chairman of the Nomination and Remuneration Committee in place of Mr Tee Lay Peng but Mr Tee still remains as member of the Nomination and Remuneration Committee.
In view thereof, the Nomination and Remuneration Committee shall consist of the following members:-
1. Mr Tan Nyap Keong @ Tong Tan (Chairman, Independent Non-Executive Director)
2. Mr Tee Lay Peng (Member, Independent Non-Executive Director)
3. Mr Wong Tuck Jeong (Member, Independent Non-Executive Director)
4. Tuan Adanan Bin Baharum (Adviser)
HIRO - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 01/09/2010
Announcement Detail:
Date of buy back: 01/09/2010
Description of shares purchased: ordinary shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 22,000
Minimum price paid for each share purchased ($$): 1.150
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 25,686.67
Number of shares purchased retained in treasury (units): 22,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,166,060
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.65
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 01/09/2010
Announcement Detail:
Date of buy back: 01/09/2010
Description of shares purchased: ordinary shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 22,000
Minimum price paid for each share purchased ($$): 1.150
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 25,686.67
Number of shares purchased retained in treasury (units): 22,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,166,060
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 (%): 0.65
SAAG - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: SAAG CONSOLIDATED (M) BHD
Stock Name: SAAG
Date Announced: 01/09/2010
Announcement Detail:
Date of change: 01/09/2010
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Tengku Daud Shaifuddin Bin Tengku Zainudin
Age: 51
Nationality: Malaysian
Qualifications: Bachelor of Science (Hons) Physics with Geophysics
Working experience and occupation: Tengku Daud commenced his career as a Geophysicist with Petronas Carigali Sdn Bhd in 1983. In the 14 years with Petronas Carigali Sdn Bhd, he had gained extensive exposure and was actively heading various projects. Subsequently in November 1997, he joined Petronas MJSB Sdn Bhd, as a Marketing Manager ("Special Project") and served Petronas MJSB Sdn Bhd until March 1998. He was the Chief Executive Officer of Corro-Shield (M) Sdn Bhd from March 1998 until March 2009 and an Executive Director of Perisai Petroleum Teknologi Berhad until March 2009. He has been on the Board of SAAG Consolidated (M) Bhd as an Independent Non-Executive Director since 5 December 2003.
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
Submitting Merchant Bank: N/A
Company Name: SAAG CONSOLIDATED (M) BHD
Stock Name: SAAG
Date Announced: 01/09/2010
Announcement Detail:
Date of change: 01/09/2010
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Executive Director
Directorate: Executive
Name: Tengku Daud Shaifuddin Bin Tengku Zainudin
Age: 51
Nationality: Malaysian
Qualifications: Bachelor of Science (Hons) Physics with Geophysics
Working experience and occupation: Tengku Daud commenced his career as a Geophysicist with Petronas Carigali Sdn Bhd in 1983. In the 14 years with Petronas Carigali Sdn Bhd, he had gained extensive exposure and was actively heading various projects. Subsequently in November 1997, he joined Petronas MJSB Sdn Bhd, as a Marketing Manager ("Special Project") and served Petronas MJSB Sdn Bhd until March 1998. He was the Chief Executive Officer of Corro-Shield (M) Sdn Bhd from March 1998 until March 2009 and an Executive Director of Perisai Petroleum Teknologi Berhad until March 2009. He has been on the Board of SAAG Consolidated (M) Bhd as an Independent Non-Executive Director since 5 December 2003.
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
PLS - NOTICE OF THE 23RD ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: PLS PLANTATIONS BERHAD
Stock Name: PLS
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE 23RD ANNUAL GENERAL MEETING
Contents: We have pleasure to inform that the Twenty-Third Annual General Meeting of the Company will be held at Function Room, KKlub, Jalan Melawati 3, Taman Melawati, 53100 Selangor Darul Ehsan, on Friday, 24 September 2010 at 10.00am.
A copy of the notice is attached herewith.
Attachments: Notice of 23rd AGM.pdf
Company Name: PLS PLANTATIONS BERHAD
Stock Name: PLS
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE 23RD ANNUAL GENERAL MEETING
Contents: We have pleasure to inform that the Twenty-Third Annual General Meeting of the Company will be held at Function Room, KKlub, Jalan Melawati 3, Taman Melawati, 53100 Selangor Darul Ehsan, on Friday, 24 September 2010 at 10.00am.
A copy of the notice is attached herewith.
Attachments: Notice of 23rd AGM.pdf
MAXBIZ - General Announcement
Announcement Type: General Announcement
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- Monthly Status Announcement on Default in Payment Pursuant to Practice Note 1
Contents: We act for and on behalf of MAXBIZ.
Further to MAXBIZ's announcement made on 2 August 2010, the Board of Directors of MAXBIZ wishes to inform that there are no changes in the status of the default in payment in relation to the following :-
(a) The redemption of 50% of the nominal amount of the RM3.0 million 2 years 5% Redeemable Unsecured Loan Stocks (RULS) from the RULS holders;
(b) The repayment of arrears of the Term Loan facility of RM5,000,000.00 granted by CIMB Bank Berhad (Formerly known as Bumiputra-Commerce Bank Berhad) to M.K.K. Industries Sdn. Bhd., a wholly-owned subsidiary of the Company, whereby the amount owing as at 28 February 2007 was RM1,720,740.80; and
(c) The demand of the sum of RM23,070,388.38 (including principal sum of RM22,615,598.00) as at 8 October 2006 with interest on RM22,615,598.00 at the rate of 2% per annum from 9 October 2006 to 6 October 2009 and an additional late payment interest of 1% per annum on all overdue sums from 9 October 2006 to date of full payment under the Trust Deed dated 16 July 2004 (constituting RM22,615,598.00 nominal amount of 5 years 2% Redeemable Convertible Secured Loan Stock 2004/2009) (RCSLS) between MAXBIZ and Pacific Trustees Berhad, who is the Trustee for the Holders of the said RCSLS.
This announcement is dated 1 September 2010.
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- Monthly Status Announcement on Default in Payment Pursuant to Practice Note 1
Contents: We act for and on behalf of MAXBIZ.
Further to MAXBIZ's announcement made on 2 August 2010, the Board of Directors of MAXBIZ wishes to inform that there are no changes in the status of the default in payment in relation to the following :-
(a) The redemption of 50% of the nominal amount of the RM3.0 million 2 years 5% Redeemable Unsecured Loan Stocks (RULS) from the RULS holders;
(b) The repayment of arrears of the Term Loan facility of RM5,000,000.00 granted by CIMB Bank Berhad (Formerly known as Bumiputra-Commerce Bank Berhad) to M.K.K. Industries Sdn. Bhd., a wholly-owned subsidiary of the Company, whereby the amount owing as at 28 February 2007 was RM1,720,740.80; and
(c) The demand of the sum of RM23,070,388.38 (including principal sum of RM22,615,598.00) as at 8 October 2006 with interest on RM22,615,598.00 at the rate of 2% per annum from 9 October 2006 to 6 October 2009 and an additional late payment interest of 1% per annum on all overdue sums from 9 October 2006 to date of full payment under the Trust Deed dated 16 July 2004 (constituting RM22,615,598.00 nominal amount of 5 years 2% Redeemable Convertible Secured Loan Stock 2004/2009) (RCSLS) between MAXBIZ and Pacific Trustees Berhad, who is the Trustee for the Holders of the said RCSLS.
This announcement is dated 1 September 2010.
SEG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 01/09/2010
Announcement Detail:
Date of buy back: 01/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 270,000
Minimum price paid for each share purchased ($$): 2.290
Maximum price paid for each share purchased ($$): 2.450
Total consideration paid ($$): 654,483.03
Number of shares purchased retained in treasury (units): 270,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,077,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.43
Remarks: This announcement is dated 1 September 2010.
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 01/09/2010
Announcement Detail:
Date of buy back: 01/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 270,000
Minimum price paid for each share purchased ($$): 2.290
Maximum price paid for each share purchased ($$): 2.450
Total consideration paid ($$): 654,483.03
Number of shares purchased retained in treasury (units): 270,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,077,000
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 (%): 0.43
Remarks: This announcement is dated 1 September 2010.
PRESTAR - PRESTAR RESOURCES BHD ("PRB" OR "COMPANY") - INTERNAL RESTRUCTURING EXERCISE
Announcement Type: General Announcement
Company Name: PRESTAR RESOURCES BERHAD
Stock Name: PRESTAR
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: PRESTAR RESOURCES BHD ("PRB" OR "COMPANY")
- INTERNAL RESTRUCTURING EXERCISE
Contents: We act for and on behalf of PRB.
The Board of Directors of PRB wishes to announce that Prestar Steel Pipes Sdn. Bhd. ("PSPSB") and Prestar Precision Tube Sdn. Bhd. ("PPTSB"), both subsidiaries of PRB had on 1 September 2010 undergone an internal restructuring exercise involving the transfer of the business of the manufacturing and supplying of carbon steel pipes and related products together with the assets as tabulated in the Table Section below from PSPSB to PPTSB for a total cash consideration of RM52,700,000/- (Ringgit Malaysia: Fifty-Two Million and Seven Hundred Thousand Only) based on the Property, Plant and Equipments' Net Book Value and Inventories' Cost as at 31 August 2010 subject to adjustment of not more or less than five per centum (5%) ("Internal Restructuring").
The Internal Restructuring will enable the Group to create synergy and costs efficiency from streamlining the production lines and processes. It will also enable the Group to optimise its tax planning as a result of consolidation.
The Internal Restructuring will not have any effect on the share capital and substantial shareholders' shareholding of PRB.
The Internal Restructuring will not have any material effect on the net assets per share, gearing and earnings per share of PRB.
The Internal Restructuring is not subject to the approval of shareholders of PRB or any other authorities.
As the Internal Restructuring is between the Company's subsidiaries, none of the Directors or substantial shareholders of PRB or persons connected to them has an interest, direct or indirect, in the Internal Restructuring.
The Board of Directors of PRB, having considered all aspects of the Internal Restructuring, is of the opinion that the Internal Restructuring is in the best interest of PRB Group.
This announcement is dated 1 September 2010.
Company Name: PRESTAR RESOURCES BERHAD
Stock Name: PRESTAR
Date Announced: 01/09/2010
Announcement Detail:
Type: Announcement
Subject: PRESTAR RESOURCES BHD ("PRB" OR "COMPANY")
- INTERNAL RESTRUCTURING EXERCISE
Contents: We act for and on behalf of PRB.
The Board of Directors of PRB wishes to announce that Prestar Steel Pipes Sdn. Bhd. ("PSPSB") and Prestar Precision Tube Sdn. Bhd. ("PPTSB"), both subsidiaries of PRB had on 1 September 2010 undergone an internal restructuring exercise involving the transfer of the business of the manufacturing and supplying of carbon steel pipes and related products together with the assets as tabulated in the Table Section below from PSPSB to PPTSB for a total cash consideration of RM52,700,000/- (Ringgit Malaysia: Fifty-Two Million and Seven Hundred Thousand Only) based on the Property, Plant and Equipments' Net Book Value and Inventories' Cost as at 31 August 2010 subject to adjustment of not more or less than five per centum (5%) ("Internal Restructuring").
The Internal Restructuring will enable the Group to create synergy and costs efficiency from streamlining the production lines and processes. It will also enable the Group to optimise its tax planning as a result of consolidation.
The Internal Restructuring will not have any effect on the share capital and substantial shareholders' shareholding of PRB.
The Internal Restructuring will not have any material effect on the net assets per share, gearing and earnings per share of PRB.
The Internal Restructuring is not subject to the approval of shareholders of PRB or any other authorities.
As the Internal Restructuring is between the Company's subsidiaries, none of the Directors or substantial shareholders of PRB or persons connected to them has an interest, direct or indirect, in the Internal Restructuring.
The Board of Directors of PRB, having considered all aspects of the Internal Restructuring, is of the opinion that the Internal Restructuring is in the best interest of PRB Group.
This announcement is dated 1 September 2010.
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