COMCORP - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: COMINTEL CORPORATION BHD
Stock Name: COMCORP
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/01/2011
Quarter: 2
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: COMINTEL CORPORATION BHD
Stock Name: COMCORP
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/01/2011
Quarter: 2
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
SUCCESS - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 26,200
Minimum price paid for each share purchased ($$): 1.140
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 30,219.08
Number of shares purchased retained in treasury (units): 26,200
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 7,151,900
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.96
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 26,200
Minimum price paid for each share purchased ($$): 1.140
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 30,219.08
Number of shares purchased retained in treasury (units): 26,200
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 7,151,900
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 (%): 5.96
MINETEC - General Announcement
Announcement Type: General Announcement
Company Name: MINETECH RESOURCES BERHAD
Stock Name: MINETEC
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: MINETECH RESOURCES BERHAD ("MRB" OR "THE COMPANY")
ALOR SETAR HIGH COURT ORIGINATING SUMMONS NO 24-709-2006
Contents: Reference is made to the Company's 2nd Quarterly results dated 17 August 2010 in respect of the abovementioned litigation.
An Originating Summons 24-709-2006 was filed at the Alor Setar High Court by Awang @ Harun bin Ismail and 6 others against the State Government of Kedah and 5 others and received by the Company's Management on 10 May 2006. The 6th Defendant in the Originating Summons is KS Chin Minerals Sdn Bhd ("KSC"), a wholly-owned subsidiary of MRB. The Plaintiffs were seeking an injunction to stop the quarry works and declarations to inter-alia nullify the approvals of the Kedah State Government and other relevant authorities to carry out the quarry work. The matter was fixed for decision on 28 September 2010.
The Board of Directors of MRB ("the Board") wishes to inform that the Honourable Judge had dismissed the plaintiffs Originating Summons with cost. The Honourable Judge found that there is no issue of illegality as alleged by the Plaintiffs.
This announcement is dated 28 September 2010.
Company Name: MINETECH RESOURCES BERHAD
Stock Name: MINETEC
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: MINETECH RESOURCES BERHAD ("MRB" OR "THE COMPANY")
ALOR SETAR HIGH COURT ORIGINATING SUMMONS NO 24-709-2006
Contents: Reference is made to the Company's 2nd Quarterly results dated 17 August 2010 in respect of the abovementioned litigation.
An Originating Summons 24-709-2006 was filed at the Alor Setar High Court by Awang @ Harun bin Ismail and 6 others against the State Government of Kedah and 5 others and received by the Company's Management on 10 May 2006. The 6th Defendant in the Originating Summons is KS Chin Minerals Sdn Bhd ("KSC"), a wholly-owned subsidiary of MRB. The Plaintiffs were seeking an injunction to stop the quarry works and declarations to inter-alia nullify the approvals of the Kedah State Government and other relevant authorities to carry out the quarry work. The matter was fixed for decision on 28 September 2010.
The Board of Directors of MRB ("the Board") wishes to inform that the Honourable Judge had dismissed the plaintiffs Originating Summons with cost. The Honourable Judge found that there is no issue of illegality as alleged by the Plaintiffs.
This announcement is dated 28 September 2010.
JADI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: JADI IMAGING HOLDINGS BERHAD
Stock Name: JADI
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: JADI IMAGING HOLDINGS BERHAD ("JADI" or "Company")
(I) PROPOSED ISSUE OF UP TO 352,251,462 FREE WARRANTS IN JADI ("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JADI ("JADI SHARES" OR "SHARES') HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AS AT 5 P.M. ON 11 OCTOBER 2010 ("PROPOSED FREE WARRANTS ISSUE"); AND
(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM100,000,000 COMPRISING 1,000,000,000 JADI SHARES TO RM200,000,000 COMPRISING 2,000,000,000 JADI SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: We refer to the announcement dated 30 July 2010 in relation to the Proposals.
On behalf of the Board of Directors of JADI, RHB Investment Bank Berhad is pleased to announce that the Company had executed the deed poll constituting the Free Warrants to be issued pursuant to the Proposed Free Warrants Issue.
This announcement is dated 28 September 2010.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: JADI IMAGING HOLDINGS BERHAD
Stock Name: JADI
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: JADI IMAGING HOLDINGS BERHAD ("JADI" or "Company")
(I) PROPOSED ISSUE OF UP TO 352,251,462 FREE WARRANTS IN JADI ("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JADI ("JADI SHARES" OR "SHARES') HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AS AT 5 P.M. ON 11 OCTOBER 2010 ("PROPOSED FREE WARRANTS ISSUE"); AND
(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM100,000,000 COMPRISING 1,000,000,000 JADI SHARES TO RM200,000,000 COMPRISING 2,000,000,000 JADI SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: We refer to the announcement dated 30 July 2010 in relation to the Proposals.
On behalf of the Board of Directors of JADI, RHB Investment Bank Berhad is pleased to announce that the Company had executed the deed poll constituting the Free Warrants to be issued pursuant to the Proposed Free Warrants Issue.
This announcement is dated 28 September 2010.
LIONFIB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: LION FOREST INDUSTRIES BERHAD ("LFIB" OR THE "COMPANY")
I. PROPOSED ESTABLISHMENT OF A NEW EXECUTIVES SHARE OPTION SCHEME OF UP TO SEVEN AND A HALF PERCENT (7.5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LFIB; AND
II. PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
Contents: On behalf of the Board of Directors of Lion Forest Industries Berhad, OSK Investment Bank Berhad is pleased to announce that the Company wishes to undertake the following:-
i. Proposed establishment of a new executives share option scheme ("ESOS") of up to seven and a half percent (7.5%) of the issued and paid-up share capital of the Company ("Proposed ESOS"); and
ii. Proposed amendment to the Articles of Association of the Company to facilitate the Proposed ESOS ("Proposed Amendment").
(Collectively referred to as the "Proposals").
Further details of the Proposals are set out in the attachment.
This announcement is dated 28 September 2010.
Attachments: LFIB- Proposed ESOS.pdf
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: LION FOREST INDUSTRIES BERHAD ("LFIB" OR THE "COMPANY")
I. PROPOSED ESTABLISHMENT OF A NEW EXECUTIVES SHARE OPTION SCHEME OF UP TO SEVEN AND A HALF PERCENT (7.5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LFIB; AND
II. PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
Contents: On behalf of the Board of Directors of Lion Forest Industries Berhad, OSK Investment Bank Berhad is pleased to announce that the Company wishes to undertake the following:-
i. Proposed establishment of a new executives share option scheme ("ESOS") of up to seven and a half percent (7.5%) of the issued and paid-up share capital of the Company ("Proposed ESOS"); and
ii. Proposed amendment to the Articles of Association of the Company to facilitate the Proposed ESOS ("Proposed Amendment").
(Collectively referred to as the "Proposals").
Further details of the Proposals are set out in the attachment.
This announcement is dated 28 September 2010.
Attachments: LFIB- Proposed ESOS.pdf
LPI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: LPI CAPITAL BHD
Stock Name: LPI
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: LPI CAPITAL BHD ("LPI" or "COMPANY")
(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE; AND
(III) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: (For consistency, the abbreviations used throughout this announcement shall have the same meaning as previously defined)
We refer to the announcements on 8 July 2010, 12 July 2010, 19 July 2010, 13 August 2010, 16 August 2010, 17 August 2010 and 30 August 2010 in relation to the Proposals.
Public Investment Bank Berhad ("PIVB"), on behalf of the Board of Directors of LPI ("Board"), wishes to announce that at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 20 September 2010, total acceptances and excess applications received for the Rights Issue was 20,979,615 representing an over subscription of 7,212,785 Rights Shares, or 52.39% over the total number of 13,766,830 Rights Shares available for subscription under the Rights Issue.
The details of acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 20 September 2010 are set as per the attachment.
In accordance with the Abridged Prospectus dated 1 September 2010 in relation to the Rights Issue, the Board reserves the right to allot the excess Rights Shares on a fair and equitable basis as it deems fit and expedient and in the best interest of the Company. The Board has approved the basis of allocation for the excess Rights Shares applied for under the Rights Issue in the following priority:-
(i) the incidence of odd lots held by Entitled Shareholders will be minimised; and
(ii) in the event of over subscription, the following shall take effect:
(a) the Rights Shares will be allotted to applicants who have applied for the excess Rights Shares on a pro-rata basis and in board lot, based on their shareholdings in the Company on the entitlement date; and
(b) in the event that there are still unallocated shares after the occurrence of (i) and (ii)(a) above, the Company will allocate the Rights Shares to the applicants who have applied for the excess Rights Shares on a pro-rata basis, calculated based on the quantum of the excess Rights Shares applied for.
This announcement is dated 28 September 2010.
Attachments: Attachment-Subscription rate.doc
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: LPI CAPITAL BHD
Stock Name: LPI
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: LPI CAPITAL BHD ("LPI" or "COMPANY")
(I) PROPOSED BONUS ISSUE;
(II) PROPOSED RIGHTS ISSUE; AND
(III) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: (For consistency, the abbreviations used throughout this announcement shall have the same meaning as previously defined)
We refer to the announcements on 8 July 2010, 12 July 2010, 19 July 2010, 13 August 2010, 16 August 2010, 17 August 2010 and 30 August 2010 in relation to the Proposals.
Public Investment Bank Berhad ("PIVB"), on behalf of the Board of Directors of LPI ("Board"), wishes to announce that at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 20 September 2010, total acceptances and excess applications received for the Rights Issue was 20,979,615 representing an over subscription of 7,212,785 Rights Shares, or 52.39% over the total number of 13,766,830 Rights Shares available for subscription under the Rights Issue.
The details of acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 20 September 2010 are set as per the attachment.
In accordance with the Abridged Prospectus dated 1 September 2010 in relation to the Rights Issue, the Board reserves the right to allot the excess Rights Shares on a fair and equitable basis as it deems fit and expedient and in the best interest of the Company. The Board has approved the basis of allocation for the excess Rights Shares applied for under the Rights Issue in the following priority:-
(i) the incidence of odd lots held by Entitled Shareholders will be minimised; and
(ii) in the event of over subscription, the following shall take effect:
(a) the Rights Shares will be allotted to applicants who have applied for the excess Rights Shares on a pro-rata basis and in board lot, based on their shareholdings in the Company on the entitlement date; and
(b) in the event that there are still unallocated shares after the occurrence of (i) and (ii)(a) above, the Company will allocate the Rights Shares to the applicants who have applied for the excess Rights Shares on a pro-rata basis, calculated based on the quantum of the excess Rights Shares applied for.
This announcement is dated 28 September 2010.
Attachments: Attachment-Subscription rate.doc
FITTERS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: FITTERS DIVERSIFIED BERHAD
Stock Name: FITTERS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: FITTERS DIVERSIFIED BERHAD ("FITTERS" OR THE "COMPANY")
BONUS ISSUE OF 72,136,054 NEW ORDINARY SHARES OF RM0.50 EACH IN FITTERS ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN FITTERS HELD AT 5.00 P.M. ON 27 SEPTEMBER 2010 ("BONUS ISSUE")
Contents: Further to the announcement dated 27 September 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of FITTERS, is pleased to announce that the Bonus Shares and the additional warrants 2007/2012 of FITTERS have been listed on the Main Market of Bursa Malaysia Securities Berhad, thus the Bonus Issue is deemed completed.
This announcement is dated 28 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: FITTERS DIVERSIFIED BERHAD
Stock Name: FITTERS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: FITTERS DIVERSIFIED BERHAD ("FITTERS" OR THE "COMPANY")
BONUS ISSUE OF 72,136,054 NEW ORDINARY SHARES OF RM0.50 EACH IN FITTERS ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN FITTERS HELD AT 5.00 P.M. ON 27 SEPTEMBER 2010 ("BONUS ISSUE")
Contents: Further to the announcement dated 27 September 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of FITTERS, is pleased to announce that the Bonus Shares and the additional warrants 2007/2012 of FITTERS have been listed on the Main Market of Bursa Malaysia Securities Berhad, thus the Bonus Issue is deemed completed.
This announcement is dated 28 September 2010.
LAYHONG - ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: ANNUAL GENERAL MEETING
Contents: Our announcement on the Notice of Annual General Meeting submitted through KLSE
Link on September 3 2010 refers.
We wish to inform that at the Company's Twenty-Sixth Annual General Meeting,
the following items have been passed :-
1. Adoption of the Audited Financial Statements for the financial year
ended 31st March 2010 together with the Reports of the Directors
and Auditors thereon.
2. Resolution 1
Approval on the declaration of a Final Dividend of 3% less tax at
25% for the year ended 31st March 2010.
3. Resolution 2
Approval on the payment of the Directors' Fees for the year ended
31st March 2010.
4. Resolution 3
Re-election of Mr Yap Hoong Chai as a Director of the Company.
5. Resolution 4
Re-election of Mr Yeap Weng Hong as a Director of the Company.
6. Resolution 5
Re-appointment of Messrs Ong Boon Bah & Co. as Auditors of the
Company.
7. Resolution 6
Approval on the Proposed Shareholders' Mandate for Recurrent
Related Party Transactions ("RRPTs")
8. Resolution 7
Authority for Directors to Issue Shares Pursuant To Section 132D
Of The Companies Act, 1965
9. Resolution 8
Approval on Share Buy-Back of Up to ten percent (10%) of the issued
and paid-up share capital of the Company
10. Amendments to the Company's Articles of Association :-
i) Resolution 9
Number Of Directors
ii) Resolution 10
E-Dividend
iii) Resolution 11
Share Buy-Back
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: ANNUAL GENERAL MEETING
Contents: Our announcement on the Notice of Annual General Meeting submitted through KLSE
Link on September 3 2010 refers.
We wish to inform that at the Company's Twenty-Sixth Annual General Meeting,
the following items have been passed :-
1. Adoption of the Audited Financial Statements for the financial year
ended 31st March 2010 together with the Reports of the Directors
and Auditors thereon.
2. Resolution 1
Approval on the declaration of a Final Dividend of 3% less tax at
25% for the year ended 31st March 2010.
3. Resolution 2
Approval on the payment of the Directors' Fees for the year ended
31st March 2010.
4. Resolution 3
Re-election of Mr Yap Hoong Chai as a Director of the Company.
5. Resolution 4
Re-election of Mr Yeap Weng Hong as a Director of the Company.
6. Resolution 5
Re-appointment of Messrs Ong Boon Bah & Co. as Auditors of the
Company.
7. Resolution 6
Approval on the Proposed Shareholders' Mandate for Recurrent
Related Party Transactions ("RRPTs")
8. Resolution 7
Authority for Directors to Issue Shares Pursuant To Section 132D
Of The Companies Act, 1965
9. Resolution 8
Approval on Share Buy-Back of Up to ten percent (10%) of the issued
and paid-up share capital of the Company
10. Amendments to the Company's Articles of Association :-
i) Resolution 9
Number Of Directors
ii) Resolution 10
E-Dividend
iii) Resolution 11
Share Buy-Back
MAXBIZ - General Announcement
Announcement Type: General Announcement
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 28/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100927-39943
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN PT. ACCEL ASRIUTAMA, PT. NATIONAL ENERGY SOLUTIONS AND ZIWAN HARDIAWAN AND MAXBIZ
Contents: The Board of Directors of Maxbiz refers to Bursa Malaysia Securities Berhad's letter dated 27 September 2010 on the Memorandum of Understanding ("MOU") pertaining to the Company's proposed acquisition of PT. Arah Environmental Indonesia ("PT. Arah") and wishes to provide the following additional information:-
1) The contract for the management and removal of medical waste in Jakarta ("Contract") was granted by PT. Jasa Medivest, a 95% subsidiary of Pantai Medivest Sdn. Bhd. and the remaining 5% shareholdings in PT. Arah are held by PT. Jasa Sarana, an investment arm of the West Jawa Provincial Government.
2) The Contract was awarded on 20 June 2008 and among the salient terms of the Contract are as follows:-
a) The Contract is an exclusive contract for the management and removal of medical waste for the area that extends to the city boundaries of Jakarta; and
b) The Contract is set to run for thirty (30) years.
Other salient terms could only be disclosed upon the Company entering into the Sale and Purchase Agreement for the acquisition of PT. Arah.
3) PT. Arah commenced operations immediately after the Contract was awarded.
4) The indicative purchase consideration of USD1.0 million was arrived at based on the future earnings potential of PT. Arah.
5) The Directors, Major Shareholders and/or persons connected to them do not have any interest in the MOU.
This announcement is dated 28 September 2010.
Query Letter content: We refer to your Company's announcement dated 24 September 2010, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The name of the relevant authorities in Indonesia that have awarded the
contract to PT Arah Environmental Indonesia ("PT Arah");
The date of award and the salient terms of the contract awarded to PT Arah;
The commencement date of operations of PT Arah;
The basis and justification in arriving at the indicative purchase
consideration of RM 1 million; and
Whether the Directors, Major Shareholders and/or persons connected to them have
any interests in the MOU.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 28/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100927-39943
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN PT. ACCEL ASRIUTAMA, PT. NATIONAL ENERGY SOLUTIONS AND ZIWAN HARDIAWAN AND MAXBIZ
Contents: The Board of Directors of Maxbiz refers to Bursa Malaysia Securities Berhad's letter dated 27 September 2010 on the Memorandum of Understanding ("MOU") pertaining to the Company's proposed acquisition of PT. Arah Environmental Indonesia ("PT. Arah") and wishes to provide the following additional information:-
1) The contract for the management and removal of medical waste in Jakarta ("Contract") was granted by PT. Jasa Medivest, a 95% subsidiary of Pantai Medivest Sdn. Bhd. and the remaining 5% shareholdings in PT. Arah are held by PT. Jasa Sarana, an investment arm of the West Jawa Provincial Government.
2) The Contract was awarded on 20 June 2008 and among the salient terms of the Contract are as follows:-
a) The Contract is an exclusive contract for the management and removal of medical waste for the area that extends to the city boundaries of Jakarta; and
b) The Contract is set to run for thirty (30) years.
Other salient terms could only be disclosed upon the Company entering into the Sale and Purchase Agreement for the acquisition of PT. Arah.
3) PT. Arah commenced operations immediately after the Contract was awarded.
4) The indicative purchase consideration of USD1.0 million was arrived at based on the future earnings potential of PT. Arah.
5) The Directors, Major Shareholders and/or persons connected to them do not have any interest in the MOU.
This announcement is dated 28 September 2010.
Query Letter content: We refer to your Company's announcement dated 24 September 2010, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The name of the relevant authorities in Indonesia that have awarded the
contract to PT Arah Environmental Indonesia ("PT Arah");
The date of award and the salient terms of the contract awarded to PT Arah;
The commencement date of operations of PT Arah;
The basis and justification in arriving at the indicative purchase
consideration of RM 1 million; and
Whether the Directors, Major Shareholders and/or persons connected to them have
any interests in the MOU.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
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: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 164,500
Minimum price paid for each share purchased ($$): 2.180
Maximum price paid for each share purchased ($$): 2.300
Total consideration paid ($$): 370,737.71
Number of shares purchased retained in treasury (units): 164,500
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,403,900
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.76
Remarks: This announcement is dated 28 September 2010
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG
Date Announced: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 164,500
Minimum price paid for each share purchased ($$): 2.180
Maximum price paid for each share purchased ($$): 2.300
Total consideration paid ($$): 370,737.71
Number of shares purchased retained in treasury (units): 164,500
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,403,900
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 (%): 1.76
Remarks: This announcement is dated 28 September 2010
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