MUTIARA - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA" OR "THE COMPANY")
Receipt of Notice of Conditional Take-Over Offer from Maybank Investment Bank Berhad ("Maybank IB") on behalf of ATIS Corporation Berhad ("ATIS") and ATIS IDR Ventures Sdn Bhd (formerly known as Elkom Transformer Components Marketing Sdn Bhd) ("AIV")
Contents: We refer to the announcement made on 24 September 2010 relating to the above matter. All capitalised terms used herein shall have the same meaning as those defined in the said announcement unless stated otherwise.
In accordance with the Code, the Board of Mutiara wishes to announce that it has appointed PM Securities Sdn Bhd ("PM Securities") to act as the Independent Adviser to advise the Independent Directors and holders of the Offer Shares on the reasonableness of the Offer. The appointment of PM Securities as the Independent Adviser will be subject to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Code and an announcement will be made upon receiving the SC's approval on the said appointment.
The Board also wishes to announce that it does not intend to seek an alternative person to make a take-over offer for the Offer Shares.
In addition, the Board of Mutiara wishes to announce that Maybank IB had, on behalf of the Joint Offerors, announced today that pursuant to the acquisition of an additional 18,200,000 ordinary shares of RM1.00 each in Mutiara ("Mutiara Shares") by Encik Hamidon Bin Abdullah ("HA") being a party acting in concert ("PAC") to the Joint Offerors, the Joint Offerors and the PAC will own 120,828,500 Mutiara Shares representing 52.33% equity interest in Mutiara. Accordingly, the Offer will be deemed as unconditional as to acceptances as at the date of the announcement. Please refer to the announcement made by Maybank IB on behalf of the Joint Offerors dated 27 September 2010 and our earlier announcement on disclosure of HA's dealings pursuant to the Code for further details of the above.
This announcement is dated 27 September 2010.
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA" OR "THE COMPANY")
Receipt of Notice of Conditional Take-Over Offer from Maybank Investment Bank Berhad ("Maybank IB") on behalf of ATIS Corporation Berhad ("ATIS") and ATIS IDR Ventures Sdn Bhd (formerly known as Elkom Transformer Components Marketing Sdn Bhd) ("AIV")
Contents: We refer to the announcement made on 24 September 2010 relating to the above matter. All capitalised terms used herein shall have the same meaning as those defined in the said announcement unless stated otherwise.
In accordance with the Code, the Board of Mutiara wishes to announce that it has appointed PM Securities Sdn Bhd ("PM Securities") to act as the Independent Adviser to advise the Independent Directors and holders of the Offer Shares on the reasonableness of the Offer. The appointment of PM Securities as the Independent Adviser will be subject to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Code and an announcement will be made upon receiving the SC's approval on the said appointment.
The Board also wishes to announce that it does not intend to seek an alternative person to make a take-over offer for the Offer Shares.
In addition, the Board of Mutiara wishes to announce that Maybank IB had, on behalf of the Joint Offerors, announced today that pursuant to the acquisition of an additional 18,200,000 ordinary shares of RM1.00 each in Mutiara ("Mutiara Shares") by Encik Hamidon Bin Abdullah ("HA") being a party acting in concert ("PAC") to the Joint Offerors, the Joint Offerors and the PAC will own 120,828,500 Mutiara Shares representing 52.33% equity interest in Mutiara. Accordingly, the Offer will be deemed as unconditional as to acceptances as at the date of the announcement. Please refer to the announcement made by Maybank IB on behalf of the Joint Offerors dated 27 September 2010 and our earlier announcement on disclosure of HA's dealings pursuant to the Code for further details of the above.
This announcement is dated 27 September 2010.
MUTIARA - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA" OR "THE COMPANY")
DISCLOSURE OF DEALINGS PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 IN RESPECT OF THE CONDITIONAL TAKE-OVER OFFER FROM MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF ATIS CORPORATION BERHAD AND ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) ("JOINT OFFERORS") TO ACQUIRE ALL THE ORDINARY SHARES OF RM1.00 EACH IN MUTIARA NOT ALREADY OWNED BY THE JOINT OFFERORS AND ITS PARTIES ACTING IN CONCERT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.97 FOR EACH OFFER SHARE
Contents: Pursuant to Section 36 of the Malaysian Code on Take-Overs and Mergers, 1998 and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Encik Hamidon Bin Abdullah ("HA") has dealt in shares of Mutiara for its own account, the details of which are as follows:
Type of Transaction : Acquisition
Date of Transaction : 27 September 2010
Number of shares acquired : 18,200,000 ordinary shares of RM1.00 each
Percentage of issued and paid-up capital of Mutiara : 7.88%
Consideration of dealing : RM0.97 per share
A copy of HA's disclosure is enclosed herewith.
This announcement is dated 27 September 2010.
Attachments: HA - S32 disclosure_270910.pdf
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA" OR "THE COMPANY")
DISCLOSURE OF DEALINGS PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 IN RESPECT OF THE CONDITIONAL TAKE-OVER OFFER FROM MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF ATIS CORPORATION BERHAD AND ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) ("JOINT OFFERORS") TO ACQUIRE ALL THE ORDINARY SHARES OF RM1.00 EACH IN MUTIARA NOT ALREADY OWNED BY THE JOINT OFFERORS AND ITS PARTIES ACTING IN CONCERT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.97 FOR EACH OFFER SHARE
Contents: Pursuant to Section 36 of the Malaysian Code on Take-Overs and Mergers, 1998 and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Encik Hamidon Bin Abdullah ("HA") has dealt in shares of Mutiara for its own account, the details of which are as follows:
Type of Transaction : Acquisition
Date of Transaction : 27 September 2010
Number of shares acquired : 18,200,000 ordinary shares of RM1.00 each
Percentage of issued and paid-up capital of Mutiara : 7.88%
Consideration of dealing : RM0.97 per share
A copy of HA's disclosure is enclosed herewith.
This announcement is dated 27 September 2010.
Attachments: HA - S32 disclosure_270910.pdf
ATIS - General Announcement
Announcement Type: General Announcement
Company Name: ATIS CORPORATION BERHAD
Stock Name: ATIS
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: ATIS CORPORATION BERHAD ("ATIS" OR "COMPANY")
CONDITIONAL TAKE-OVER OFFER BY ATIS AND ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) (COLLECTIVELY REFERRED TO AS "JOINT OFFERORS") THROUGH MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB"), TO ACQUIRE ALL THE ORDINARY SHARES OF RM1.00 EACH IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("OFFER SHARE") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.97 FOR EACH OFFER SHARE ("OFFER") - DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 32 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 1998 ("CODE")
Contents: Reference is made to the announcements by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 23 April 2010, 2 July 2010, 15 July 2010, 8 September 2010 and 24 September 2010.
During the Offer period which commenced on 23 April 2010, a person acting in concert ("PAC") with the Joint Offerors has an obligation to disclose his/her dealings in the shares of Mutiara Goodyear Development Berhad ("Mutiara") to Bursa Malaysia Securities Berhad ("Bursa Securities") and the Securities Commission and announced by way of a press notice. Bursa Securities requires that the disclosure to Bursa Securities be announced via the BursaLINK.
ATIS wishes to announce, on behalf of Hamidon bin Abdullah ("HA"), a PAC with the Joint Offerors, that HA has on 27 September 2010 made a disclosure pursuant to Section 32 of the Code and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Securities of his dealings in the shares of Mutiara. A copy of HA's disclosure is attached herewith.
This announcement is dated 27 September 2010.
Attachments: Attachment 1.pdf
Company Name: ATIS CORPORATION BERHAD
Stock Name: ATIS
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: ATIS CORPORATION BERHAD ("ATIS" OR "COMPANY")
CONDITIONAL TAKE-OVER OFFER BY ATIS AND ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) (COLLECTIVELY REFERRED TO AS "JOINT OFFERORS") THROUGH MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB"), TO ACQUIRE ALL THE ORDINARY SHARES OF RM1.00 EACH IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("OFFER SHARE") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.97 FOR EACH OFFER SHARE ("OFFER") - DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 32 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 1998 ("CODE")
Contents: Reference is made to the announcements by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 23 April 2010, 2 July 2010, 15 July 2010, 8 September 2010 and 24 September 2010.
During the Offer period which commenced on 23 April 2010, a person acting in concert ("PAC") with the Joint Offerors has an obligation to disclose his/her dealings in the shares of Mutiara Goodyear Development Berhad ("Mutiara") to Bursa Malaysia Securities Berhad ("Bursa Securities") and the Securities Commission and announced by way of a press notice. Bursa Securities requires that the disclosure to Bursa Securities be announced via the BursaLINK.
ATIS wishes to announce, on behalf of Hamidon bin Abdullah ("HA"), a PAC with the Joint Offerors, that HA has on 27 September 2010 made a disclosure pursuant to Section 32 of the Code and Paragraph 11.07 of the Main Market Listing Requirements of Bursa Securities of his dealings in the shares of Mutiara. A copy of HA's disclosure is attached herewith.
This announcement is dated 27 September 2010.
Attachments: Attachment 1.pdf
PLENITU - General Announcement
Announcement Type: General Announcement
Company Name: PLENITUDE BERHAD
Stock Name: PLENITU
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: PLENITUDE BERHAD ("PLENITUDE" OR "THE COMPANY")
PROPOSED ACQUISITION OF TWENTY (20) PARCELS OF FREEHOLD LAND IN BALIK PULAU, PENANG MEASURING APPROXIMATELY 2,292,608 SQUARE FEET (52.63 ACRES) BY PLENITUDE ESTATES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF PLENITUDE FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA FORTY MILLION ONE HUNDRED TWENTY THOUSAND SIX HUNDRED THIRTY FIVE AND CENTS NINETY EIGHT (RM40,120,635.98) ("PROPOSED ACQUISITION")
Contents: The Board of Directors of Plenitude wishes to announce that Plenitude Estates Sdn Bhd, a wholly owned subsidiary of Plenitude had on 27 September 2010, entered into two (2) separate Sale and Purchase Agreements ("SPAs") with United Formula Sdn Bhd and Affluent Base Sdn Bhd for the proposed acquisition of twenty (20) parcels of freehold land in Balik Pulau, Penang measuring approximately 2,292,608 Square Feet (52.63 Acres) for a total cash consideration of Ringgit Malaysia Forty Million One Hundred Twenty Thousand Six Hundred Thirty Five and Cents Ninety Eight (RM40,120,635.98) subject to the terms and conditions as stipulated in the SPAs.
Please refer to the attachment for the full text of the announcement pertaining to the Proposed Acquisition.
Attachments: Plenitude Berhad - Proposed Acquisition of Balik Pulau Lands.pdf
Company Name: PLENITUDE BERHAD
Stock Name: PLENITU
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: PLENITUDE BERHAD ("PLENITUDE" OR "THE COMPANY")
PROPOSED ACQUISITION OF TWENTY (20) PARCELS OF FREEHOLD LAND IN BALIK PULAU, PENANG MEASURING APPROXIMATELY 2,292,608 SQUARE FEET (52.63 ACRES) BY PLENITUDE ESTATES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF PLENITUDE FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA FORTY MILLION ONE HUNDRED TWENTY THOUSAND SIX HUNDRED THIRTY FIVE AND CENTS NINETY EIGHT (RM40,120,635.98) ("PROPOSED ACQUISITION")
Contents: The Board of Directors of Plenitude wishes to announce that Plenitude Estates Sdn Bhd, a wholly owned subsidiary of Plenitude had on 27 September 2010, entered into two (2) separate Sale and Purchase Agreements ("SPAs") with United Formula Sdn Bhd and Affluent Base Sdn Bhd for the proposed acquisition of twenty (20) parcels of freehold land in Balik Pulau, Penang measuring approximately 2,292,608 Square Feet (52.63 Acres) for a total cash consideration of Ringgit Malaysia Forty Million One Hundred Twenty Thousand Six Hundred Thirty Five and Cents Ninety Eight (RM40,120,635.98) subject to the terms and conditions as stipulated in the SPAs.
Please refer to the attachment for the full text of the announcement pertaining to the Proposed Acquisition.
Attachments: Plenitude Berhad - Proposed Acquisition of Balik Pulau Lands.pdf
MEGB - MASTERSKILL EDUCATION GROUP BERHAD ("MEGB") Update on Material Litigation (Amended Announcement)
Announcement Type: General Announcement
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 4 June 2010 pertaining to the material litigation on Masterskill (M) Sdn Bhd ("Masterskill") vs Kemacahaya Development Sdn Bhd (First Defendant), K. Pasupathy (Second Defendant), Chin Yam Meng (Third Defendant), Leng Kok Onn (Fourth Defendant) and Syarikat Kemacahaya Sdn Bhd (Fifth Defendant), MEGB wishes to announce that the Court has on 24 September 2010 scheduled a further Case Management date on 31 January 2011.
This amended announcement is dated 27th day of September 2010.
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 4 June 2010 pertaining to the material litigation on Masterskill (M) Sdn Bhd ("Masterskill") vs Kemacahaya Development Sdn Bhd (First Defendant), K. Pasupathy (Second Defendant), Chin Yam Meng (Third Defendant), Leng Kok Onn (Fourth Defendant) and Syarikat Kemacahaya Sdn Bhd (Fifth Defendant), MEGB wishes to announce that the Court has on 24 September 2010 scheduled a further Case Management date on 31 January 2011.
This amended announcement is dated 27th day of September 2010.
SMPC - General Announcement
Announcement Type: General Announcement
Company Name: SMPC CORPORATION BHD
Stock Name: SMPC
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Disposal of Nine (9) Pieces of Land in Mukim 14, Daerah Seberang Perai Tengah, Pulau Pinang by Progerex Sdn. Bhd., a wholly-owned subsidiary company of SMPC to Limsa Ekuiti Sdn. Bhd. for an aggregate cash consideration of RM12,210,242.63
Contents: We refer to the announcements dated 28 September 2007, 25 March 2009, 28 September 2009 and 26 March 2010.
Company Name: SMPC CORPORATION BHD
Stock Name: SMPC
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Disposal of Nine (9) Pieces of Land in Mukim 14, Daerah Seberang Perai Tengah, Pulau Pinang by Progerex Sdn. Bhd., a wholly-owned subsidiary company of SMPC to Limsa Ekuiti Sdn. Bhd. for an aggregate cash consideration of RM12,210,242.63
Contents: We refer to the announcements dated 28 September 2007, 25 March 2009, 28 September 2009 and 26 March 2010.
INGRESS - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 27/09/2010
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: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 27/09/2010
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)
JADI - Entitlement - Others
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: JADI IMAGING HOLDINGS BERHAD
Stock Name: JADI
Date Announced: 27/09/2010
Announcement Detail:
EX-date: 07/10/2010
Entitlement date: 11/10/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ISSUE OF UP TO 352,251,462 FREE WARRANTS IN JADI IMAGING HOLDINGS BERHAD ("JADI" or "COMPANY")("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JADI HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY.
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
Tel: 03-2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 11/10/2010
Entitlement indicator: Ratio
Ratio: 1 : 2
Rights Issues/Offer Price: 0
Remarks: The Free Warrants will be credited into entitled shareholder's central depository system account and notice of allotment will be issued and despatched to the address as per the Record of Depositors within 4 market days from the entitlement date. Entitled shareholders are not required to take any action.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: JADI IMAGING HOLDINGS BERHAD
Stock Name: JADI
Date Announced: 27/09/2010
Announcement Detail:
EX-date: 07/10/2010
Entitlement date: 11/10/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ISSUE OF UP TO 352,251,462 FREE WARRANTS IN JADI IMAGING HOLDINGS BERHAD ("JADI" or "COMPANY")("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JADI HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY.
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
Tel: 03-2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 11/10/2010
Entitlement indicator: Ratio
Ratio: 1 : 2
Rights Issues/Offer Price: 0
Remarks: The Free Warrants will be credited into entitled shareholder's central depository system account and notice of allotment will be issued and despatched to the address as per the Record of Depositors within 4 market days from the entitlement date. Entitled shareholders are not required to take any action.
LIONFIB - Dealings in Securities by Principal Officers Outside Closed Period
Announcement Type: General Announcement
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, a principal officer of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, a principal officer of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.
LIONFIB - General Announcement
Announcement Type: General Announcement
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: (I) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(II) PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
Contents: The Board of Directors of Lion Forest Industries Berhad ("LFIB") wishes to announce that the Company proposes to seek shareholders' approval for the following at the forthcoming Twenty-Eighth Annual General Meeting to be convened:
(i) procurement of a general mandate for the LFIB group of companies to enter into recurrent related party transactions of a revenue or trading nature with related parties ("Proposed Shareholders' Mandate"); and
(ii) proposed amendment to the Articles of Association of the Company to allow payment of cash dividends by electronic means.
A circular containing the information on the Proposed Shareholders' Mandate will be despatched to the shareholders in due course.
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 27/09/2010
Announcement Detail:
Type: Announcement
Subject: (I) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(II) PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
Contents: The Board of Directors of Lion Forest Industries Berhad ("LFIB") wishes to announce that the Company proposes to seek shareholders' approval for the following at the forthcoming Twenty-Eighth Annual General Meeting to be convened:
(i) procurement of a general mandate for the LFIB group of companies to enter into recurrent related party transactions of a revenue or trading nature with related parties ("Proposed Shareholders' Mandate"); and
(ii) proposed amendment to the Articles of Association of the Company to allow payment of cash dividends by electronic means.
A circular containing the information on the Proposed Shareholders' Mandate will be despatched to the shareholders in due course.
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