MBL - General Announcement
Announcement Type: General Announcement
Company Name: MUAR BAN LEE GROUP BERHAD
Stock Name: MBL
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: Notification pursuant to Paragraph 14.09 (a) of Chapter 14 of the Bursa Securities Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) under Chapter 14 of Bursa Securities Listing Requirements on Dealing in Securities, we wish to notify that we have received notification(s) from the following Director(s)/ Principal Officer(s) of Muar Ban Lee Group Berhad ("MBL") in relation to his/her dealings in MBL securities outside closed period as follows:
Company Name: MUAR BAN LEE GROUP BERHAD
Stock Name: MBL
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: Notification pursuant to Paragraph 14.09 (a) of Chapter 14 of the Bursa Securities Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) under Chapter 14 of Bursa Securities Listing Requirements on Dealing in Securities, we wish to notify that we have received notification(s) from the following Director(s)/ Principal Officer(s) of Muar Ban Lee Group Berhad ("MBL") in relation to his/her dealings in MBL securities outside closed period as follows:
TAGB - General Announcement
Announcement Type: General Announcement
Company Name: TA GLOBAL BERHAD
Stock Name: TAGB
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: DIRECTOR'S DISCLOSURE OF DEALING IN SECURITIES PURSUANT TO CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")
Contents: Pursuant to Paragraph 14.09 of the Listing Requirements, TA Global Berhad wishes to announce that the Company Secretary had received notification from Datuk Tiah Thee Kian, Executive Chairman of the Company in relation to his dealings in securities of the Company. Details are set out in the table section below.
This announcement is dated 13 September 2010.
Company Name: TA GLOBAL BERHAD
Stock Name: TAGB
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: DIRECTOR'S DISCLOSURE OF DEALING IN SECURITIES PURSUANT TO CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")
Contents: Pursuant to Paragraph 14.09 of the Listing Requirements, TA Global Berhad wishes to announce that the Company Secretary had received notification from Datuk Tiah Thee Kian, Executive Chairman of the Company in relation to his dealings in securities of the Company. Details are set out in the table section below.
This announcement is dated 13 September 2010.
HOKHENG - General Announcement
Announcement Type: General Announcement
Company Name: HOCK HENG STONE INDUSTRIES BHD
Stock Name: HOKHENG
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: HOCK HENG STONE INDUSTRIES BHD ("HOCK HENG" or "COMPANY")
- EXTENSION OF TIME FOR UTILISATION OF PROCEEDS FOR CONSTRUCTION OF A SECONDARY PROCESSING PLAN
Contents: We refer to the utilisation of proceeds raised from the public issue as disclosed in the Company's prospectus dated 9 March 2010 that was issued in conjunction with the listing of the Company on the Main Market of Bursa Malaysia Securities Berhad ("Prospectus").
The Board of Directors of Hock Heng ("Board") wishes to announce that the Company had resolved to extend the timeframe for utilization of the remaining proceeds of approximately RM0.26 million that is allocated for the construction of a secondary plant for another six (6) months period until 25 March 2011 ("Extension of Time for Utilisation").
Details of the utilisation of proceeds as at 30 June 2010 are reflected in the table below.
The aforesaid unutilised proceeds of approximately RM0.26 million was intended to finance the purchase of a new machinery to be installed in the secondary processing plant in Subang, Selangor (as stated in section 3.9 of the Prospectus).
The Extension of Time for Utilisation is necessary in view that the Management of Hock Heng requires more time to source for a suitable machine and supplier which would not significantly affect the business of Hock Heng and its subsidiaries.
The Board is of the opinion that the extension of time for utilisation of the proceeds for construction of a secondary processing plant is in the best interest of Hock Heng.
This announcement is dated 13 September 2010.
Company Name: HOCK HENG STONE INDUSTRIES BHD
Stock Name: HOKHENG
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: HOCK HENG STONE INDUSTRIES BHD ("HOCK HENG" or "COMPANY")
- EXTENSION OF TIME FOR UTILISATION OF PROCEEDS FOR CONSTRUCTION OF A SECONDARY PROCESSING PLAN
Contents: We refer to the utilisation of proceeds raised from the public issue as disclosed in the Company's prospectus dated 9 March 2010 that was issued in conjunction with the listing of the Company on the Main Market of Bursa Malaysia Securities Berhad ("Prospectus").
The Board of Directors of Hock Heng ("Board") wishes to announce that the Company had resolved to extend the timeframe for utilization of the remaining proceeds of approximately RM0.26 million that is allocated for the construction of a secondary plant for another six (6) months period until 25 March 2011 ("Extension of Time for Utilisation").
Details of the utilisation of proceeds as at 30 June 2010 are reflected in the table below.
The aforesaid unutilised proceeds of approximately RM0.26 million was intended to finance the purchase of a new machinery to be installed in the secondary processing plant in Subang, Selangor (as stated in section 3.9 of the Prospectus).
The Extension of Time for Utilisation is necessary in view that the Management of Hock Heng requires more time to source for a suitable machine and supplier which would not significantly affect the business of Hock Heng and its subsidiaries.
The Board is of the opinion that the extension of time for utilisation of the proceeds for construction of a secondary processing plant is in the best interest of Hock Heng.
This announcement is dated 13 September 2010.
TEKALA - 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: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 13/09/2010
Announcement Detail:
Date of buy back from: 06/09/2010
Date of buy back to: 06/09/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.740
Maximum price paid for each share purchased ($$): 0.750
Total amount paid for shares purchased ($$): 14,990.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 20,000
Total number of shares retained in treasury (units): 11,269,400
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 13/09/2010
Lodged by: Tekala Corporation Berhad
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 13/09/2010
Announcement Detail:
Date of buy back from: 06/09/2010
Date of buy back to: 06/09/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.740
Maximum price paid for each share purchased ($$): 0.750
Total amount paid for shares purchased ($$): 14,990.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 20,000
Total number of shares retained in treasury (units): 11,269,400
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 13/09/2010
Lodged by: Tekala Corporation Berhad
PUNCAK - General Announcement
Announcement Type: General Announcement
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
ARBITRATION PROCEEDINGS BY ADP-PJI JOINT VENTURE ("ADP-PJI JV") AGAINST THE COMPANY'S WHOLLY OWNED SUBSIDIARY, PUNCAK NIAGA (M) SDN BHD ("PNSB") ("ARBITRATION PROCEEDINGS")
Contents: We refer to the announcements made by Puncak on 27 February 2009, 2 March 2009, 27 April 2009, 1 June 2009, 2 November 2009, 29 January 2010, 31 March 2010, 13 May 2010, 11 June 2010, 14 July 2010, 20 July 2010 and 23 August 2010, respectively in respect of the Arbitration Proceedings.
The Company would like to update the Exchange that the 9 September 2010 hearing date was vacated by the Arbitrator. The new dates for the Arbitration Proceedings has yet to be fixed by the Arbitrator.
This announcement is dated 13 September 2010.
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
ARBITRATION PROCEEDINGS BY ADP-PJI JOINT VENTURE ("ADP-PJI JV") AGAINST THE COMPANY'S WHOLLY OWNED SUBSIDIARY, PUNCAK NIAGA (M) SDN BHD ("PNSB") ("ARBITRATION PROCEEDINGS")
Contents: We refer to the announcements made by Puncak on 27 February 2009, 2 March 2009, 27 April 2009, 1 June 2009, 2 November 2009, 29 January 2010, 31 March 2010, 13 May 2010, 11 June 2010, 14 July 2010, 20 July 2010 and 23 August 2010, respectively in respect of the Arbitration Proceedings.
The Company would like to update the Exchange that the 9 September 2010 hearing date was vacated by the Arbitrator. The new dates for the Arbitration Proceedings has yet to be fixed by the Arbitrator.
This announcement is dated 13 September 2010.
ZECON - General Announcement
Announcement Type: General Announcement
Company Name: ZECON BERHAD
Stock Name: ZECON
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: ZECON BERHAD ("the Company" or "Zecon")
- Disposal of Land by Zalpoint Tanah Putih Sdn Bhd, a wholly-owned sub-subsidiary of Zecon for a cash consideration of RM22.0 million ("Disposal of Land")
Contents: Reference is made to the Company's announcement on 8 September 2010 in relation to the above matter.
The Board of Directors of Zecon wishes to announce the following amendments with regards to the Disposal of Land:-
a) The Disposal of Land does not require the approval of shareholders of Zecon.
b) The highest percentage ratio applicable to the Disposal of Land is 11.81%.
This announcement is dated 13 September 2010
Company Name: ZECON BERHAD
Stock Name: ZECON
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: ZECON BERHAD ("the Company" or "Zecon")
- Disposal of Land by Zalpoint Tanah Putih Sdn Bhd, a wholly-owned sub-subsidiary of Zecon for a cash consideration of RM22.0 million ("Disposal of Land")
Contents: Reference is made to the Company's announcement on 8 September 2010 in relation to the above matter.
The Board of Directors of Zecon wishes to announce the following amendments with regards to the Disposal of Land:-
a) The Disposal of Land does not require the approval of shareholders of Zecon.
b) The highest percentage ratio applicable to the Disposal of Land is 11.81%.
This announcement is dated 13 September 2010
SCOMIMR - DEALING OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: SCOMI MARINE BHD
Stock Name: SCOMIMR
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: DEALING OUTSIDE CLOSED PERIOD
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the following Director has given notice of changes to his direct interest in Scomi Marine Bhd outside closed period as set out in the Table hereunder:
Company Name: SCOMI MARINE BHD
Stock Name: SCOMIMR
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: DEALING OUTSIDE CLOSED PERIOD
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the following Director has given notice of changes to his direct interest in Scomi Marine Bhd outside closed period as set out in the Table hereunder:
FAJAR - FAJAR-EXERCISE OF 2,324,200 WARRANTS 2008/2013 ("EXERCISE")
Announcement Type: Listing Circular
Company Name: FAJARBARU BUILDER GROUP BHD
Stock Name: FAJAR
Date Announced: 13/09/2010
Announcement Detail:
Subject: FAJAR-EXERCISE OF 2,324,200 WARRANTS 2008/2013 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 2,324,200 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 14 September 2010.
Company Name: FAJARBARU BUILDER GROUP BHD
Stock Name: FAJAR
Date Announced: 13/09/2010
Announcement Detail:
Subject: FAJAR-EXERCISE OF 2,324,200 WARRANTS 2008/2013 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 2,324,200 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 14 September 2010.
MAEMODE - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MALAYSIAN AE MODELS HOLDINGS BERHAD
Stock Name: MAEMODE
Date Announced: 13/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: MN-100909-60782
Subject: MALAYSIAN AE MODELS HOLDINGS BERHAD ("MAE" OR THE "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 45,913,667 NEW WARRANTS IN MAE ("NEW WARRANT(S)") TO ALL THE SHAREHOLDERS OF MAE, ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN MAE ("PROPOSED RIGHTS ISSUE"); AND
PROPOSED RESTRICTED ISSUE OF UP TO 10,244,711 NEW WARRANTS IN MAE TO THE HOLDERS OF UNEXERCISED 2005/2010 WARRANTS ON 17 SEPTEMBER 2010, BEING THE EXPIRY DATE OF THE WARRANTS ("EXPIRY DATE"), ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY THREE (3) UNEXERCISED 2005/2010 WARRANTS HELD ON THE EXPIRY DATE ("PROPOSED RESTRICTED ISSUE").
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement. This announcement should be read in conjunction with the earlier announcement made on 8 September 2010.
We refer to our earlier announcement dated 8 September 2010 and Bursa Malaysia Securities Berhad's query letter dated 9 September 2010 in relation to the Proposals.
In relation thereto, we are pleased to furnish the following additional information:-
Query Letter content: We refer to the aforesaid Company's announcement dated 8 September 2010 in
respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) Basis of determining the issue price of RM0.02 per new warrant and
justification for the pricing.
2) The minimum level of subscription and the basis of determining the minimum
level of subscription; or an appropriate negative statement.
3) Justification for embarking on the proposals rather than other available
options.
4) In view that the proposals are inter-conditional, to state the following:-
(a) A statement that the interested directors or major shareholders will
abstain from voting in respect of their direct and/or indirect shareholdings on
the resolution approving the Proposed Rights Issue.
(b) A statement that such interested director, major shareholder or both
has/have undertaken that he/they will ensure that the persons connected with
him/them will abstain from voting on the resolution approving the Proposed
Rights Issue at the general meeting.
(c) In the case of an interested director, a statement that the interested
director has abstained or will abstain from deliberating and voting on the
Proposed Rights Issue at the board meeting.
(d) A statement by the board of directors excluding interested directors
stating whether the Proposed Rights Issue is in the best interest of the
listed issuer and where a director disagrees with such statement, a statement
by the director setting out the reasons and the factors taken into
consideration in forming that opinion.
Page 2/-
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
WAN CHOON YEN
Senior Manager, Issuers
Listing Division
Regulation
WCY/LMN
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: MALAYSIAN AE MODELS HOLDINGS BERHAD
Stock Name: MAEMODE
Date Announced: 13/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: MN-100909-60782
Subject: MALAYSIAN AE MODELS HOLDINGS BERHAD ("MAE" OR THE "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 45,913,667 NEW WARRANTS IN MAE ("NEW WARRANT(S)") TO ALL THE SHAREHOLDERS OF MAE, ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN MAE ("PROPOSED RIGHTS ISSUE"); AND
PROPOSED RESTRICTED ISSUE OF UP TO 10,244,711 NEW WARRANTS IN MAE TO THE HOLDERS OF UNEXERCISED 2005/2010 WARRANTS ON 17 SEPTEMBER 2010, BEING THE EXPIRY DATE OF THE WARRANTS ("EXPIRY DATE"), ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY THREE (3) UNEXERCISED 2005/2010 WARRANTS HELD ON THE EXPIRY DATE ("PROPOSED RESTRICTED ISSUE").
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement. This announcement should be read in conjunction with the earlier announcement made on 8 September 2010.
We refer to our earlier announcement dated 8 September 2010 and Bursa Malaysia Securities Berhad's query letter dated 9 September 2010 in relation to the Proposals.
In relation thereto, we are pleased to furnish the following additional information:-
Query Letter content: We refer to the aforesaid Company's announcement dated 8 September 2010 in
respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) Basis of determining the issue price of RM0.02 per new warrant and
justification for the pricing.
2) The minimum level of subscription and the basis of determining the minimum
level of subscription; or an appropriate negative statement.
3) Justification for embarking on the proposals rather than other available
options.
4) In view that the proposals are inter-conditional, to state the following:-
(a) A statement that the interested directors or major shareholders will
abstain from voting in respect of their direct and/or indirect shareholdings on
the resolution approving the Proposed Rights Issue.
(b) A statement that such interested director, major shareholder or both
has/have undertaken that he/they will ensure that the persons connected with
him/them will abstain from voting on the resolution approving the Proposed
Rights Issue at the general meeting.
(c) In the case of an interested director, a statement that the interested
director has abstained or will abstain from deliberating and voting on the
Proposed Rights Issue at the board meeting.
(d) A statement by the board of directors excluding interested directors
stating whether the Proposed Rights Issue is in the best interest of the
listed issuer and where a director disagrees with such statement, a statement
by the director setting out the reasons and the factors taken into
consideration in forming that opinion.
Page 2/-
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
WAN CHOON YEN
Senior Manager, Issuers
Listing Division
Regulation
WCY/LMN
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
MAEMODE - General Announcement
Announcement Type: General Announcement
Company Name: MALAYSIAN AE MODELS HOLDINGS BERHAD
Stock Name: MAEMODE
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN AE MODELS HOLDINGS BERHAD ("MAE" or "the Company")
- Sub-Contract Works secured by Matromatic Handling Systems (M) Sdn Bhd
Contents: 1. INTRODUCTION
The Board of Directors of MAE is pleased to announce that Matromatic Handling Systems (M) Sdn Bhd ("MHS"), a wholly-owned subsidiary of the Company, has on 10 September 2010 accepted the sub-contract works package awarded by UEMC-Bina Puri JV for the design, supply, delivery to site, installation, testing and commissioning and maintenance of baggage handling system for main terminal building, satellite building, sky bridge and piers for proposed development of new LCC Terminal and associated works at KL International Airport, Sepang, Selangor ("Sub-Contract Works") for a Sub-Contract sum of RM81,821,872.00.
2. DETAILS OF THE SUB-CONTRACT WORKS
MHS's principal activity is mainly in manufacturing, installation and marketing of material handling and conveyor systems and parts.
The scope of works include the design, supply, delivery to site, installation, testing and commissioning and maintenance of baggage handling system for main terminal building, satellite building, sky bridge and piers for proposed development of new LCC Terminal and associated works.
The completion period for the Sub-Contract Works is twenty (20) months inclusive of three (3) months of Non-Operational Trial Period and three (3) months Revenue Operational Trial Period. The commencement date and completion date for the Sub-Contract Works shall be 15 November 2010 and 14 July 2012 respectively.
3. FINANCIAL EFFECT/RISKS FACTORS
The Sub-Contract Works will not have any material effect on the earnings per share, net assets per share, gearing and share capital and the shareholdings of the substantial shareholders of MAE. However, it is expected to contribute positively to the future earnings of the MAE group.
The risks in respect of Sub-Contract Works are the normal business/operation risks and are expected to be manageable and not significant to MAE Group.
4. DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors or major shareholders of MAE or person connected to the Directors or major shareholders of MAE have any interest, direct or indirect in the Sub-Contract Works.
5. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of MAE is of the opinion that the acceptance by MHS of the Sub-Contract Works is in the best interest of the MAE group.
This announcement is dated 13 September 2010.
Company Name: MALAYSIAN AE MODELS HOLDINGS BERHAD
Stock Name: MAEMODE
Date Announced: 13/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN AE MODELS HOLDINGS BERHAD ("MAE" or "the Company")
- Sub-Contract Works secured by Matromatic Handling Systems (M) Sdn Bhd
Contents: 1. INTRODUCTION
The Board of Directors of MAE is pleased to announce that Matromatic Handling Systems (M) Sdn Bhd ("MHS"), a wholly-owned subsidiary of the Company, has on 10 September 2010 accepted the sub-contract works package awarded by UEMC-Bina Puri JV for the design, supply, delivery to site, installation, testing and commissioning and maintenance of baggage handling system for main terminal building, satellite building, sky bridge and piers for proposed development of new LCC Terminal and associated works at KL International Airport, Sepang, Selangor ("Sub-Contract Works") for a Sub-Contract sum of RM81,821,872.00.
2. DETAILS OF THE SUB-CONTRACT WORKS
MHS's principal activity is mainly in manufacturing, installation and marketing of material handling and conveyor systems and parts.
The scope of works include the design, supply, delivery to site, installation, testing and commissioning and maintenance of baggage handling system for main terminal building, satellite building, sky bridge and piers for proposed development of new LCC Terminal and associated works.
The completion period for the Sub-Contract Works is twenty (20) months inclusive of three (3) months of Non-Operational Trial Period and three (3) months Revenue Operational Trial Period. The commencement date and completion date for the Sub-Contract Works shall be 15 November 2010 and 14 July 2012 respectively.
3. FINANCIAL EFFECT/RISKS FACTORS
The Sub-Contract Works will not have any material effect on the earnings per share, net assets per share, gearing and share capital and the shareholdings of the substantial shareholders of MAE. However, it is expected to contribute positively to the future earnings of the MAE group.
The risks in respect of Sub-Contract Works are the normal business/operation risks and are expected to be manageable and not significant to MAE Group.
4. DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors or major shareholders of MAE or person connected to the Directors or major shareholders of MAE have any interest, direct or indirect in the Sub-Contract Works.
5. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of MAE is of the opinion that the acceptance by MHS of the Sub-Contract Works is in the best interest of the MAE group.
This announcement is dated 13 September 2010.
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