KANNAL - LETTER OF DEMAND - MUSYARAKAH MUTANAQISAH FINANCING-I FACILITY OF RM 24,000,000.00
Announcement Type: General Announcement
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 22/09/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: LETTER OF DEMAND - MUSYARAKAH MUTANAQISAH FINANCING-I FACILITY OF RM 24,000,000.00
Contents: The Board of Directors of Kannaltec Berhad wishes to announce that its subsidiary, Obnet Sdn Bhd has today received a letter of demand from Kuwait Finance House (Malaysia) Berhad for the sum of RM 631,193.09 as at 31 August 2010.
The Board would seek legal advise from its solicitors on this matter and take the appropriate action accordingly.
This announcement is dated 22 September 2010.
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 22/09/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: LETTER OF DEMAND - MUSYARAKAH MUTANAQISAH FINANCING-I FACILITY OF RM 24,000,000.00
Contents: The Board of Directors of Kannaltec Berhad wishes to announce that its subsidiary, Obnet Sdn Bhd has today received a letter of demand from Kuwait Finance House (Malaysia) Berhad for the sum of RM 631,193.09 as at 31 August 2010.
The Board would seek legal advise from its solicitors on this matter and take the appropriate action accordingly.
This announcement is dated 22 September 2010.
EQUATOR - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR "COMPANY")
PROPOSED DISPOSAL OF A PIECE OF LEASEHOLD INDUSTRIAL LAND BY EQUATOR BIOTECH SDN BHD ("EBSB"), A WHOLLY-OWNED SUBSIDIARY OF EQUATOR, TO SIN CHEW MEDIA CORPORATION BERHAD ("SIN CHEW") FOR A TOTAL CASH CONSIDERATION OF RM2,941,138.53 ("PURCHASE CONSIDERATION") ("PROPOSED LAND DISPOSAL")
Contents: Reference is made to the announcement by Equator on 23 July 2010 whereby it was announced that EBSB had on even date accepted an offer from Sin Chew to purchase a piece of vacant leasehold industrial land held under title H.S (D) 50239 PTD 87654 Mukim Senai, Daerah Kulaijaya Negeri Johor measuring approximately 1.884 hectares (or 4.66 acres) and which lease will expire on 1 April 2068 for a total cash consideration of RM2,941,138.53 subject to the relevant parties executing a sales and purchase agreement based on terms to be mutually agreed upon.
Following thereto, on behalf of the Board of Directors of Equator, AmInvestment Bank Berhad, a member of AmInvestment Bank Group, is pleased to announce that EBSB, had on 22 September 2010 entered into a conditional sale and purchase agreement with Sin Chew to dispose the Johor Land to Sin Chew for a total cash consideration of RM2,941,138.53.
Please refer to the attachment for further details on the Proposed Land Disposal.
This announcement is dated 22 September 2010.
Attachments: Equator - Announcement.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR "COMPANY")
PROPOSED DISPOSAL OF A PIECE OF LEASEHOLD INDUSTRIAL LAND BY EQUATOR BIOTECH SDN BHD ("EBSB"), A WHOLLY-OWNED SUBSIDIARY OF EQUATOR, TO SIN CHEW MEDIA CORPORATION BERHAD ("SIN CHEW") FOR A TOTAL CASH CONSIDERATION OF RM2,941,138.53 ("PURCHASE CONSIDERATION") ("PROPOSED LAND DISPOSAL")
Contents: Reference is made to the announcement by Equator on 23 July 2010 whereby it was announced that EBSB had on even date accepted an offer from Sin Chew to purchase a piece of vacant leasehold industrial land held under title H.S (D) 50239 PTD 87654 Mukim Senai, Daerah Kulaijaya Negeri Johor measuring approximately 1.884 hectares (or 4.66 acres) and which lease will expire on 1 April 2068 for a total cash consideration of RM2,941,138.53 subject to the relevant parties executing a sales and purchase agreement based on terms to be mutually agreed upon.
Following thereto, on behalf of the Board of Directors of Equator, AmInvestment Bank Berhad, a member of AmInvestment Bank Group, is pleased to announce that EBSB, had on 22 September 2010 entered into a conditional sale and purchase agreement with Sin Chew to dispose the Johor Land to Sin Chew for a total cash consideration of RM2,941,138.53.
Please refer to the attachment for further details on the Proposed Land Disposal.
This announcement is dated 22 September 2010.
Attachments: Equator - Announcement.pdf
SMRTECH - General Announcement
Announcement Type: General Announcement
Company Name: SMR TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SMRTECH
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: LETTER OF AWARD TO SMR HR GROUP SDN BHD BY THE MINISTRY OF EDUCATION ("MOE") FOR DIRECT RECRUITMENT AND MANAGEMENT OF ENGLISH LANGUAGE TEACHING ("ELT") CONSULTANTS AND IMPLEMENTATION OF IN-SERVICE TEACHERS TRAINING FOR ENGLISH LANGUAGE TEACHERS IN PRIMARY SCHOOLS UNDER THE MOE AS A TEACHING ENGLISH AS A SECOND LANGUAGE ("TESL") TEACHER CAPACITY ENHANCEMENT PROJECT
Contents: 1. INTRODUCTION
The Board of Directors of SMR TECHNOLOGIES BERHAD ("SMRT" or "the Company") are pleased to announce that SMR HR Group Sdn Bhd ("SMR HRG"), a wholly owned subsidiary of the Company has on 17 September 2010 been awarded a three (3)-year contract by the MOE for direct recruitment and management of ELT Consultants and implementation of In-Service Teachers Training for English Language Teachers in primary schools under the MOE as a TESL Teacher Capacity Enhancement Project ("the Contract").
The project will be managed through the Company's owned Technology Platform.
The Contract sum is approximately Ringgit Malaysia Eighty Nine Million and Five Hundred Thousand Only (RM89,500,000-00) ("Contract Sum").
2. SALIENT TERMS OF THE CONTRACT
(i) The Contract shall be effective for a period of three (3) years from 1 October 2010 to 30 September 2013.
(ii) MOE does not guarantee in anyway that the ELT Consultants Services will be taken in full. All appointments of ELT Consultants have to be in accordance with the demand from the Government's "constitutes an order".
(iii) Payment from MOE will be made according to the number of ELT Consultants appointed as agreed upon by MOE and SMR HRG.
(iv) The award constitutes the recruitment and management of up to 120 ELT Consultants to implement In-Service Teachers Training for English Language Teachers for a period of three (3) years from 1 October 2010 to 30 September 2013.
(v) The Company is required to deposit a performance guarantee in the form of an irrevocable financial guarantee by an approved financial institution or insurance company in Malaysia for a sum of RM4,475,000-00 representing five percent (5%) of the annual Contract Sum to be submitted to the MOE within fourteen (14) days from the date the letter of Contract is received. The Performance Guarantee should be valid effectively from 1 October 2010 to 30 September 2014.
(vi)Upon acceptance of the Contract, a formal agreement will be executed between MOE and SMR HRG.
3. FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings of the SMRT Group.
This announcement is dated 22 September 2010
Company Name: SMR TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SMRTECH
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: LETTER OF AWARD TO SMR HR GROUP SDN BHD BY THE MINISTRY OF EDUCATION ("MOE") FOR DIRECT RECRUITMENT AND MANAGEMENT OF ENGLISH LANGUAGE TEACHING ("ELT") CONSULTANTS AND IMPLEMENTATION OF IN-SERVICE TEACHERS TRAINING FOR ENGLISH LANGUAGE TEACHERS IN PRIMARY SCHOOLS UNDER THE MOE AS A TEACHING ENGLISH AS A SECOND LANGUAGE ("TESL") TEACHER CAPACITY ENHANCEMENT PROJECT
Contents: 1. INTRODUCTION
The Board of Directors of SMR TECHNOLOGIES BERHAD ("SMRT" or "the Company") are pleased to announce that SMR HR Group Sdn Bhd ("SMR HRG"), a wholly owned subsidiary of the Company has on 17 September 2010 been awarded a three (3)-year contract by the MOE for direct recruitment and management of ELT Consultants and implementation of In-Service Teachers Training for English Language Teachers in primary schools under the MOE as a TESL Teacher Capacity Enhancement Project ("the Contract").
The project will be managed through the Company's owned Technology Platform.
The Contract sum is approximately Ringgit Malaysia Eighty Nine Million and Five Hundred Thousand Only (RM89,500,000-00) ("Contract Sum").
2. SALIENT TERMS OF THE CONTRACT
(i) The Contract shall be effective for a period of three (3) years from 1 October 2010 to 30 September 2013.
(ii) MOE does not guarantee in anyway that the ELT Consultants Services will be taken in full. All appointments of ELT Consultants have to be in accordance with the demand from the Government's "constitutes an order".
(iii) Payment from MOE will be made according to the number of ELT Consultants appointed as agreed upon by MOE and SMR HRG.
(iv) The award constitutes the recruitment and management of up to 120 ELT Consultants to implement In-Service Teachers Training for English Language Teachers for a period of three (3) years from 1 October 2010 to 30 September 2013.
(v) The Company is required to deposit a performance guarantee in the form of an irrevocable financial guarantee by an approved financial institution or insurance company in Malaysia for a sum of RM4,475,000-00 representing five percent (5%) of the annual Contract Sum to be submitted to the MOE within fourteen (14) days from the date the letter of Contract is received. The Performance Guarantee should be valid effectively from 1 October 2010 to 30 September 2014.
(vi)Upon acceptance of the Contract, a formal agreement will be executed between MOE and SMR HRG.
3. FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings of the SMRT Group.
This announcement is dated 22 September 2010
KGB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: KELINGTON GROUP BERHAD (ACE Market)
Stock Name: KGB
Date Announced: 22/09/2010
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: KELINGTON GROUP BERHAD ("KGB" OR THE "COMPANY")
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES OF KGB AND ITS SUBSIDIARIES ("PROPOSED ESOS")
Contents: On behalf of the Board of Directors of KGB, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to establish and implement an employees' share option scheme of up to ten percent (10%) of the issued and paid-up capital of the Company at any point in time, for eligible employees of KGB and/or its subsidiaries, further details of which are set out in the attachment below.
Attachments: KGB Proposed ESOS - Announcement.pdf
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: KELINGTON GROUP BERHAD (ACE Market)
Stock Name: KGB
Date Announced: 22/09/2010
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: KELINGTON GROUP BERHAD ("KGB" OR THE "COMPANY")
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES OF KGB AND ITS SUBSIDIARIES ("PROPOSED ESOS")
Contents: On behalf of the Board of Directors of KGB, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to establish and implement an employees' share option scheme of up to ten percent (10%) of the issued and paid-up capital of the Company at any point in time, for eligible employees of KGB and/or its subsidiaries, further details of which are set out in the attachment below.
Attachments: KGB Proposed ESOS - Announcement.pdf
CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22-Sep-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22-Sep-10
Contents: Content: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5070
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 9,867.44
Attachment CIMB FTSE ASEAN 40 Malaysia - 22-Sep-10
Attachments: ASEAN.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 22-Sep-10
Contents: Content: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5070
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 9,867.44
Attachment CIMB FTSE ASEAN 40 Malaysia - 22-Sep-10
Attachments: ASEAN.pdf
CIMBX25 - CIMB FTSE Xinhua China 25 - Valuation Point as at 22-Sep-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 22-Sep-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0151
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 18474.27
Attachment CIMB FTSE Xinhua China 25 - 22-Sep-10
Attachments: NAV_Basket22092010.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 22-Sep-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0151
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 18474.27
Attachment CIMB FTSE Xinhua China 25 - 22-Sep-10
Attachments: NAV_Basket22092010.pdf
ALAQAR - AL-`AQAR KPJ REIT ("AL-`AQAR")
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: AL-'AQAR KPJ REIT
Stock Name: ALAQAR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: AL-`AQAR KPJ REIT ("AL-`AQAR")
Contents: PROPOSED ACQUISITIONS BY AL-`AQAR REPRESENTED BY ITS TRUSTEE, AMANAHRAYA TRUSTEES BERHAD ("TRUSTEE") FROM:-
- THE SUBSIDIARIES OF KPJ HEALTHCARE BERHAD ("KPJ") OF BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING, KLUANG UTAMA SPECIALIST HOSPITAL BUILDING AND RUMAH SAKIT BUMI SERPONG DAMAI ("RSBSD") BUILDING;
- THE SUBSIDIARIES OF JOHOR CORPORATION ("JCORP") OF RUMAH SAKIT MEDIKA PERMATA HIJAU ("RSMPH") BUILDING AND SELESA BEACH RESORT PORT DICKSON BUILDING; AND
- KULIM (MALAYSIA) BERHAD ("KULIM") OF THE LEASE OVER MENARA ANSAR BUILDING
FOR A TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM302,910,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM181,751,620 AND RM121,158,380 BY THE ISSUANCE OF 123,631,000 NEW UNITS IN AL-`AQAR AT AN ISSUE PRICE OF RM0.98 PER UNIT ("PROPOSED ACQUISITIONS")
(BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING, KLUANG UTAMA SPECIALIST HOSPITAL BUILDING, RSBSD BUILDING, RSMPH BUILDING, SELESA BEACH RESORT PORT DICKSON BUILDING AND MENARA ANSAR BUILDING SHALL BE COLLECTIVELY KNOWN AS THE "PROPERTIES", OR SINGLY, THE "PROPERTY")
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: AL-'AQAR KPJ REIT
Stock Name: ALAQAR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: AL-`AQAR KPJ REIT ("AL-`AQAR")
Contents: PROPOSED ACQUISITIONS BY AL-`AQAR REPRESENTED BY ITS TRUSTEE, AMANAHRAYA TRUSTEES BERHAD ("TRUSTEE") FROM:-
- THE SUBSIDIARIES OF KPJ HEALTHCARE BERHAD ("KPJ") OF BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING, KLUANG UTAMA SPECIALIST HOSPITAL BUILDING AND RUMAH SAKIT BUMI SERPONG DAMAI ("RSBSD") BUILDING;
- THE SUBSIDIARIES OF JOHOR CORPORATION ("JCORP") OF RUMAH SAKIT MEDIKA PERMATA HIJAU ("RSMPH") BUILDING AND SELESA BEACH RESORT PORT DICKSON BUILDING; AND
- KULIM (MALAYSIA) BERHAD ("KULIM") OF THE LEASE OVER MENARA ANSAR BUILDING
FOR A TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM302,910,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM181,751,620 AND RM121,158,380 BY THE ISSUANCE OF 123,631,000 NEW UNITS IN AL-`AQAR AT AN ISSUE PRICE OF RM0.98 PER UNIT ("PROPOSED ACQUISITIONS")
(BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING, KLUANG UTAMA SPECIALIST HOSPITAL BUILDING, RSBSD BUILDING, RSMPH BUILDING, SELESA BEACH RESORT PORT DICKSON BUILDING AND MENARA ANSAR BUILDING SHALL BE COLLECTIVELY KNOWN AS THE "PROPERTIES", OR SINGLY, THE "PROPERTY")
ALAQAR - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: AL-'AQAR KPJ REIT
Stock Name: ALAQAR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: AL-`AQAR KPJ REIT ("AL-`AQAR")
PROPOSED ACQUISITION BY AL-`AQAR REPRESENTED BY ITS TRUSTEE, AMANAHRAYA TRUSTEES BERHAD ("TRUSTEE") OF JETA GARDENS AGED CARE FACILITY AND JETA GARDENS RETIREMENT VILLAGE (COLLECTIVELY THE "PROPERTIES") FROM JETA GARDENS WATERFORD TRUST ("JGWT" OR "VENDOR") REPRESENTED BY ITS TRUSTEE, JETA GARDENS (QLD) PTY LTD ("JETA GARDENS"), FOR A TOTAL PURCHASE CONSIDERATION OF AUSTRALIAN DOLLAR ("AUD") EQUIVALENT OF RM134,909,500 TO BE SATISFIED PARTLY BY CASH OF RM67,454,750 AND THE REMAINING RM67,454,500 BY THE ISSUANCE OF NEW UNITS IN AL-`AQAR ("PROPOSED ACQUISITION")
Contents: This announcement is dated 22 September 2010.
On behalf of the Board of Directors ("Board") of Damansara REIT Managers Sdn Berhad ("Manager"), the manager of Al-`Aqar, AmInvestment Bank Berhad ("AmInvestment Bank"), a member of AmInvestment Bank Group, is pleased to announce that Al-'Aqar represented by the Trustee, proposes to acquire the Properties from JGWT represented by its trustee, Jeta Gardens (Qld) Pty Ltd ("JGPL").
Please refer to the attachment below for the full announcement.
Attachments: Al-'Aqar Announcement.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: AL-'AQAR KPJ REIT
Stock Name: ALAQAR
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: AL-`AQAR KPJ REIT ("AL-`AQAR")
PROPOSED ACQUISITION BY AL-`AQAR REPRESENTED BY ITS TRUSTEE, AMANAHRAYA TRUSTEES BERHAD ("TRUSTEE") OF JETA GARDENS AGED CARE FACILITY AND JETA GARDENS RETIREMENT VILLAGE (COLLECTIVELY THE "PROPERTIES") FROM JETA GARDENS WATERFORD TRUST ("JGWT" OR "VENDOR") REPRESENTED BY ITS TRUSTEE, JETA GARDENS (QLD) PTY LTD ("JETA GARDENS"), FOR A TOTAL PURCHASE CONSIDERATION OF AUSTRALIAN DOLLAR ("AUD") EQUIVALENT OF RM134,909,500 TO BE SATISFIED PARTLY BY CASH OF RM67,454,750 AND THE REMAINING RM67,454,500 BY THE ISSUANCE OF NEW UNITS IN AL-`AQAR ("PROPOSED ACQUISITION")
Contents: This announcement is dated 22 September 2010.
On behalf of the Board of Directors ("Board") of Damansara REIT Managers Sdn Berhad ("Manager"), the manager of Al-`Aqar, AmInvestment Bank Berhad ("AmInvestment Bank"), a member of AmInvestment Bank Group, is pleased to announce that Al-'Aqar represented by the Trustee, proposes to acquire the Properties from JGWT represented by its trustee, Jeta Gardens (Qld) Pty Ltd ("JGPL").
Please refer to the attachment below for the full announcement.
Attachments: Al-'Aqar Announcement.pdf
SATANG - General Announcement
Announcement Type: General Announcement
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: SATANG HOLDINGS BERHAD ("SATANG" or "the Company")
WRIT OF SUMMONS AND STATEMENT OF CLAIM
MAHKAMAH TINGGI MALAYA KUANTAN, GUAMAN SIVIL NO.: 22-121-2010
Contents: The Board of Directors of Satang Holdings Berhad ("Satang" or "the Company") wishes to announce that the Company has been served a Writ of Summons ("the Summons") and Statement of Claim both dated 25 August 2010 filed by Daya Padu Enterprise ("Plaintiff") against Satang Jaya Sdn Bhd ("SJSB"), a wholly-owned subsidiary of the Company.
1. The date of the presentation of the Writ of Summons and the date of the Writ of Summons served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statements of Claim dated 25 August 2010 was received by the Company on 20 September 2010 by way of registered mail from Messrs. Mura Raju & Co., the solicitor of the Plaintiff.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the sum of RM1,676,554.00 in respect of goods and services provided to SJSB from the years 2006 to 2009 with the interest of 8% p.a. charged from 6 May 2010.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the alleged default in payment of goods and services provided to SJSB.
4. The financial and operational impact of the Writ of Summons on the Group.
The Writ of Summons will not have any additional financial and operational impact on the Group.
5. The expected losses, if any, arising from the Writ of Summons.
Satang is exposing to the losses resulting from the above claim, interest and legal cost in respect from the Writ of Summons.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Satang will seek the necessary legal advice from its solicitors with regards to the claim and will instruct its solicitors to defend the said claim.
The Company will announce further developments on the above matter as and when necessary.
This announcement is dated 22 September 2010.
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: SATANG HOLDINGS BERHAD ("SATANG" or "the Company")
WRIT OF SUMMONS AND STATEMENT OF CLAIM
MAHKAMAH TINGGI MALAYA KUANTAN, GUAMAN SIVIL NO.: 22-121-2010
Contents: The Board of Directors of Satang Holdings Berhad ("Satang" or "the Company") wishes to announce that the Company has been served a Writ of Summons ("the Summons") and Statement of Claim both dated 25 August 2010 filed by Daya Padu Enterprise ("Plaintiff") against Satang Jaya Sdn Bhd ("SJSB"), a wholly-owned subsidiary of the Company.
1. The date of the presentation of the Writ of Summons and the date of the Writ of Summons served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statements of Claim dated 25 August 2010 was received by the Company on 20 September 2010 by way of registered mail from Messrs. Mura Raju & Co., the solicitor of the Plaintiff.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the sum of RM1,676,554.00 in respect of goods and services provided to SJSB from the years 2006 to 2009 with the interest of 8% p.a. charged from 6 May 2010.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the alleged default in payment of goods and services provided to SJSB.
4. The financial and operational impact of the Writ of Summons on the Group.
The Writ of Summons will not have any additional financial and operational impact on the Group.
5. The expected losses, if any, arising from the Writ of Summons.
Satang is exposing to the losses resulting from the above claim, interest and legal cost in respect from the Writ of Summons.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Satang will seek the necessary legal advice from its solicitors with regards to the claim and will instruct its solicitors to defend the said claim.
The Company will announce further developments on the above matter as and when necessary.
This announcement is dated 22 September 2010.
MAHSING - MAH SING GROUP BERHAD ("MAH SING" OR THE "COMPANY") NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR THE "COMPANY")
NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad wishes to announce that the EGM of Mah Sing will be held at Penthouse Suite 1, Wisma Mah Sing, No. 163 Jalan Sungai Besi, 57100 Kuala Lumpur on Friday, 8 October 2010 at 10.00 a.m.
Please refer to the accompanying Notice of EGM for further details.
This announcement is dated 22 September 2010.
Attachments: Notice of EGM.pdf
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 22/09/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR THE "COMPANY")
NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad wishes to announce that the EGM of Mah Sing will be held at Penthouse Suite 1, Wisma Mah Sing, No. 163 Jalan Sungai Besi, 57100 Kuala Lumpur on Friday, 8 October 2010 at 10.00 a.m.
Please refer to the accompanying Notice of EGM for further details.
This announcement is dated 22 September 2010.
Attachments: Notice of EGM.pdf
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