PALETTE - Extraordinary General Meeting
Announcement Type: General Announcement
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: Extraordinary General Meeting
Contents: The Board of Directors of Palette Multimedia Berhad ("Palette") is pleased to announce that the resolution tabled at the Extraordinary General Meeting of Palette held on 29 September 2010 was duly passed by the shareholders.
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: Extraordinary General Meeting
Contents: The Board of Directors of Palette Multimedia Berhad ("Palette") is pleased to announce that the resolution tabled at the Extraordinary General Meeting of Palette held on 29 September 2010 was duly passed by the shareholders.
MCMTECH - MCM TECHNOLOGIES BERHAD - Outcome of the Sixteenth Annual General Meeting
Announcement Type: General Announcement
Company Name: MCM TECHNOLOGIES BERHAD (ACE Market)
Stock Name: MCMTECH
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: MCM TECHNOLOGIES BERHAD
- Outcome of the Sixteenth Annual General Meeting
Contents: The Board of Directors of MCM Technologies Berhad ("the Company") wishes to inform that the shareholders of the Company have at the Sixteenth Annual General Meeting ("AGM") held this morning approved all the resolutions set out in the Notice of Sixteenth AGM dated 7 September 2010.
This announcement is dated 29 September 2010.
Company Name: MCM TECHNOLOGIES BERHAD (ACE Market)
Stock Name: MCMTECH
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: MCM TECHNOLOGIES BERHAD
- Outcome of the Sixteenth Annual General Meeting
Contents: The Board of Directors of MCM Technologies Berhad ("the Company") wishes to inform that the shareholders of the Company have at the Sixteenth Annual General Meeting ("AGM") held this morning approved all the resolutions set out in the Notice of Sixteenth AGM dated 7 September 2010.
This announcement is dated 29 September 2010.
GPACKET - GREEN PACKET BERHAD ("GPB" OR THE "COMPANY") OUTSTANDING RELATED PARTY RECEIVABLES
Announcement Type: General Announcement
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: GREEN PACKET BERHAD ("GPB" OR THE "COMPANY")
OUTSTANDING RELATED PARTY RECEIVABLES
Contents: Further to our announcement made on 8 June 2010, the Company wishes to announce that the status of the outstanding related party receivables of the Company as at 30 June 2010 are as follows:
1. The total outstanding recurrent related party transaction ("RRPT") receivables as at 30 June 2010 is detailed in Appendix I attached.
2. Action taken or proposed to be taken to recover the debts:
The outstanding receivables relates to the engineering services rendered to Green Packet Inc. ("GPI"), a company incorporated in the United States of America ("USA") in which Tan Sri Dato' Kok Onn and Puan Chan Cheong are directors and substantial shareholders of GPI. Tan Sri Dato' Kok Onn and Puan Chan Cheong are also directors and substantial shareholders of GPB.
GPB has intention of selling its products to the USA market and proposed to off-set the above receivables owing by GPI against future potential licensing fees payable to GPI in relation to the USA market. The proposed settlement plan will be closely monitored.
3. Expected timeframe to fully recover the debts:
GPB hopes to fully recover the abovementioned debts within the next three (3) years i.e by year 2013.
This announcement is dated 29 September 2010.
Attachments: GPB Outstanding RRPT Receivables_Appendix I.29092010.xls
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: GREEN PACKET BERHAD ("GPB" OR THE "COMPANY")
OUTSTANDING RELATED PARTY RECEIVABLES
Contents: Further to our announcement made on 8 June 2010, the Company wishes to announce that the status of the outstanding related party receivables of the Company as at 30 June 2010 are as follows:
1. The total outstanding recurrent related party transaction ("RRPT") receivables as at 30 June 2010 is detailed in Appendix I attached.
2. Action taken or proposed to be taken to recover the debts:
The outstanding receivables relates to the engineering services rendered to Green Packet Inc. ("GPI"), a company incorporated in the United States of America ("USA") in which Tan Sri Dato' Kok Onn and Puan Chan Cheong are directors and substantial shareholders of GPI. Tan Sri Dato' Kok Onn and Puan Chan Cheong are also directors and substantial shareholders of GPB.
GPB has intention of selling its products to the USA market and proposed to off-set the above receivables owing by GPI against future potential licensing fees payable to GPI in relation to the USA market. The proposed settlement plan will be closely monitored.
3. Expected timeframe to fully recover the debts:
GPB hopes to fully recover the abovementioned debts within the next three (3) years i.e by year 2013.
This announcement is dated 29 September 2010.
Attachments: GPB Outstanding RRPT Receivables_Appendix I.29092010.xls
EDUSPEC - General Announcement
Announcement Type: General Announcement
Company Name: EDUSPEC HOLDINGS BERHAD (ACE Market)
Stock Name: EDUSPEC
Date Announced: 29/09/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: EDUSPEC HOLDINGS BERHAD ("EDUSPEC")
(Formerly known as LITESPEED EDUCATION TECHNOLOGIES BERHAD)
- NOTICE OF SIXTH ANNUAL GENERAL MEETING
Contents: On behalf of the Board of Directors of EDUSPEC, we are pleased to announce that the Sixth Annual General Meeting of EDUSPEC will be held at St. Andrew Room, Holiday Inn Kuala Lumpur Glenmarie, 1 Jalan Usahawan U 1/8, 40250 Shah Alam, Selangor Darul Ehsan on Friday, 22 October 2010 at 10.00 a.m.
A copy of the notice is attached herewith for your reference.
This announcement is dated 29 September 2010.
Attachments: Eduspec Notice of AGM.pdf
Company Name: EDUSPEC HOLDINGS BERHAD (ACE Market)
Stock Name: EDUSPEC
Date Announced: 29/09/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: EDUSPEC HOLDINGS BERHAD ("EDUSPEC")
(Formerly known as LITESPEED EDUCATION TECHNOLOGIES BERHAD)
- NOTICE OF SIXTH ANNUAL GENERAL MEETING
Contents: On behalf of the Board of Directors of EDUSPEC, we are pleased to announce that the Sixth Annual General Meeting of EDUSPEC will be held at St. Andrew Room, Holiday Inn Kuala Lumpur Glenmarie, 1 Jalan Usahawan U 1/8, 40250 Shah Alam, Selangor Darul Ehsan on Friday, 22 October 2010 at 10.00 a.m.
A copy of the notice is attached herewith for your reference.
This announcement is dated 29 September 2010.
Attachments: Eduspec Notice of AGM.pdf
FLONIC - Change in Board Committees
Announcement Type: General Announcement
Company Name: FLONIC HI-TEC BHD (ACE Market)
Stock Name: FLONIC
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: Change in Board Committees
Contents: Flonic Hi-Tec Bhd wishes to announce the appointment Wong Kam Heng as member of Remuneration Committee and Nomination Committee with effect from 29 September 2010. In view thereof, the composition of Remuneration Committee and Nomination Committee are as set out in the tables below.
Remuneration Committee
Name Designation Directorship
Chin Soon Nyen Chairman Independent Non-Executive Director
Wong Kam Heng Member Non-Independent Non-Executive Director
Yen Yoon Fah Member Executive Director
Nomination Committee
Chin Soon Nyen Chairman Independent Non-Executive Director
Wong Kam Heng Member Non-Independent Non-Executive Director
Company Name: FLONIC HI-TEC BHD (ACE Market)
Stock Name: FLONIC
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: Change in Board Committees
Contents: Flonic Hi-Tec Bhd wishes to announce the appointment Wong Kam Heng as member of Remuneration Committee and Nomination Committee with effect from 29 September 2010. In view thereof, the composition of Remuneration Committee and Nomination Committee are as set out in the tables below.
Remuneration Committee
Name Designation Directorship
Chin Soon Nyen Chairman Independent Non-Executive Director
Wong Kam Heng Member Non-Independent Non-Executive Director
Yen Yoon Fah Member Executive Director
Nomination Committee
Chin Soon Nyen Chairman Independent Non-Executive Director
Wong Kam Heng Member Non-Independent Non-Executive Director
GREENYB - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: GREENYIELD BERHAD (ACE Market)
Stock Name: GREENYB
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Resignation
Designation: Director
Directorate: Executive
Name: Loke Chee Kien
Age: 41
Nationality: Malaysian
Qualifications: He graduated with a Bachelor of Business (Accountancy) degree with Distinction from the Royal Melbourne Institute of Technology, Australia (now known as RMIT University) and obtained his Master of Business Administration (Finance) degree with Distinction from the University of Hull, United Kingdom. He is a Chartered Accountant of the Malaysian Institute of Accountants ("MIA") and also a Certified Practising Accountant ("CPA") of CPA Australia.
Working experience and occupation: He started his career with the Arab-Malaysian Corporation Group as an Executive before moving to Chase Manhattan Bank Berhad as an Analyst in Corporate and Investment Banking. In 1995, he joined the investment research industry and has worked for several stockbroking and research firms. He was a Head of Research in Sarawak Securities sdn. Bhd. and OSK Research Sdn. Bhd. He was a pioneer Consultant when he joined the Minority Shareholders' Watchdog Group in early 2002. He joined the Greenyield Group in 2002. He is also a director in VC Corporate Services Sdn. Bhd. involved in the provision of insurance services.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: He is the brother in-law of Tham Foo Keong, the Executive Chairman and Group Managing Director and Tham Foo Choon, the Deputy Managing Director.
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct Interest - 20,000 Ordinary Shares of RM0.10 each
Company Name: GREENYIELD BERHAD (ACE Market)
Stock Name: GREENYB
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Resignation
Designation: Director
Directorate: Executive
Name: Loke Chee Kien
Age: 41
Nationality: Malaysian
Qualifications: He graduated with a Bachelor of Business (Accountancy) degree with Distinction from the Royal Melbourne Institute of Technology, Australia (now known as RMIT University) and obtained his Master of Business Administration (Finance) degree with Distinction from the University of Hull, United Kingdom. He is a Chartered Accountant of the Malaysian Institute of Accountants ("MIA") and also a Certified Practising Accountant ("CPA") of CPA Australia.
Working experience and occupation: He started his career with the Arab-Malaysian Corporation Group as an Executive before moving to Chase Manhattan Bank Berhad as an Analyst in Corporate and Investment Banking. In 1995, he joined the investment research industry and has worked for several stockbroking and research firms. He was a Head of Research in Sarawak Securities sdn. Bhd. and OSK Research Sdn. Bhd. He was a pioneer Consultant when he joined the Minority Shareholders' Watchdog Group in early 2002. He joined the Greenyield Group in 2002. He is also a director in VC Corporate Services Sdn. Bhd. involved in the provision of insurance services.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: He is the brother in-law of Tham Foo Keong, the Executive Chairman and Group Managing Director and Tham Foo Choon, the Deputy Managing Director.
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct Interest - 20,000 Ordinary Shares of RM0.10 each
SUMATEC - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: RENOUNCEABLE RIGHTS ISSUE OF UP TO 61,629,713 NEW ORDINARY SHARES OF RM0.35 EACH ("RIGHTS SHARES") AT THE ISSUE PRICE OF RM0.35 PER RIGHTS SHARE TOGETHER WITH UP TO 123,259,426 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) RIGHTS SHARE AND TWO (2) WARRANTS FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.35 EACH HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("RIGHTS ISSUE")
Contents: On behalf of the Board of Directors of Sumatec Resources Berhad ("Sumatec" or "Company"), MIMB Investment Bank Berhad wishes to announce that the Board of Directors of Sumatec has fixed the price of the securities to be issued pursuant to the Rights Issue as follows:-
(a) the issue price for the Rights Shares is fixed at RM0.35 per Rights Share; and
(b) the exercise price of the Warrant to be issued pursuant to the Rights Issue is fixed at RM0.35 per Warrant.
The issue and exercise prices were determined after considering the par value of the ordinary shares of Sumatec of RM0.35 each and the 5-day weighted average market price of Sumatec shares as traded on Bursa Malaysia Securities Berhad up to 28 September 2010 of RM0.27.
This announcement is dated 29 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: RENOUNCEABLE RIGHTS ISSUE OF UP TO 61,629,713 NEW ORDINARY SHARES OF RM0.35 EACH ("RIGHTS SHARES") AT THE ISSUE PRICE OF RM0.35 PER RIGHTS SHARE TOGETHER WITH UP TO 123,259,426 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) RIGHTS SHARE AND TWO (2) WARRANTS FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.35 EACH HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("RIGHTS ISSUE")
Contents: On behalf of the Board of Directors of Sumatec Resources Berhad ("Sumatec" or "Company"), MIMB Investment Bank Berhad wishes to announce that the Board of Directors of Sumatec has fixed the price of the securities to be issued pursuant to the Rights Issue as follows:-
(a) the issue price for the Rights Shares is fixed at RM0.35 per Rights Share; and
(b) the exercise price of the Warrant to be issued pursuant to the Rights Issue is fixed at RM0.35 per Warrant.
The issue and exercise prices were determined after considering the par value of the ordinary shares of Sumatec of RM0.35 each and the 5-day weighted average market price of Sumatec shares as traded on Bursa Malaysia Securities Berhad up to 28 September 2010 of RM0.27.
This announcement is dated 29 September 2010.
TDM - TDM Berhad ("TDM" or "the Company") - Outcome of the Extraordinary General Meeting ("EGM")
Announcement Type: General Announcement
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: TDM Berhad ("TDM" or "the Company")
- Outcome of the Extraordinary General Meeting ("EGM")
Contents: The Board of Directors of TDM is pleased to announce that all ordinary resolutions except for ordinary resolutions 4 and 5 as set out in the Notice of EGM of the Company dated 14 September 2010 were duly passed by the shareholders of the Company by poll at the EGM held on 29 September 2010.
The ordinary resolutions 4 and 5 pertaining to the Proposed Grant of Options to Haji Abdul Mutalip Bin Sulaiman and Haji Zakaria Bin K C Ahammu respectively were withdrawn from voting.
A copy of the poll results is enclosed for your reference.
Attachments: Poll Results-EGM 29.09.2010.pdf
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 29/09/2010
Announcement Detail:
Type: Announcement
Subject: TDM Berhad ("TDM" or "the Company")
- Outcome of the Extraordinary General Meeting ("EGM")
Contents: The Board of Directors of TDM is pleased to announce that all ordinary resolutions except for ordinary resolutions 4 and 5 as set out in the Notice of EGM of the Company dated 14 September 2010 were duly passed by the shareholders of the Company by poll at the EGM held on 29 September 2010.
The ordinary resolutions 4 and 5 pertaining to the Proposed Grant of Options to Haji Abdul Mutalip Bin Sulaiman and Haji Zakaria Bin K C Ahammu respectively were withdrawn from voting.
A copy of the poll results is enclosed for your reference.
Attachments: Poll Results-EGM 29.09.2010.pdf
KBUNAI - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: KARAMBUNAI CORP BHD
Stock Name: KBUNAI
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 29/09/2010
Type of change: Redesignation
Previous Position: Chief Executive Officer
New Position: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Datuk Robin Loh Hoon Loi
Age: 49
Nationality: Malaysian
Qualifications: Degree in Hotel Management and Catering
Working experience and occupation: Datuk Robin Loh has extensive experience in the hotel industry, property development and project management. Prior to joining the KCB Group, he has worked for an international hotel and a well established property developer.
Currently, Datuk Robin Loh is the Deputy President of Sabah Housing and Real Estate Developers' Association, a Committee Member of the Malaysia Developers' Council and President of Malaysian Golf Association.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Remarks: Datuk Robin Loh Hoon Loi has been appointed Non-Executive Chairman of Karambunai Resorts Sdn Bhd, a wholly owned subsidiary of Karambunai Corp Bhd.
Submitting Merchant Bank: N/A
Company Name: KARAMBUNAI CORP BHD
Stock Name: KBUNAI
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 29/09/2010
Type of change: Redesignation
Previous Position: Chief Executive Officer
New Position: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Datuk Robin Loh Hoon Loi
Age: 49
Nationality: Malaysian
Qualifications: Degree in Hotel Management and Catering
Working experience and occupation: Datuk Robin Loh has extensive experience in the hotel industry, property development and project management. Prior to joining the KCB Group, he has worked for an international hotel and a well established property developer.
Currently, Datuk Robin Loh is the Deputy President of Sabah Housing and Real Estate Developers' Association, a Committee Member of the Malaysia Developers' Council and President of Malaysian Golf Association.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Remarks: Datuk Robin Loh Hoon Loi has been appointed Non-Executive Chairman of Karambunai Resorts Sdn Bhd, a wholly owned subsidiary of Karambunai Corp Bhd.
KBUNAI - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: KARAMBUNAI CORP BHD
Stock Name: KBUNAI
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 29/09/2010
Type of change: Redesignation
Previous Position: Chief Operating Officer
New Position: Chief Executive Officer
Directorate: Executive
Name: Chen Yiy Fon
Age: 29
Nationality: Malaysian
Qualifications: Bachelor of Arts (Economics)
Working experience and occupation: Mr Chen Yiy Fon previously interned in Morgan Stanley, Los Angeles, California in 2003 as Financial Advisor Assistant and Credit Suisse First Boston, Singapore in 2004.
Currently, he serves as Director for several subsidiaries of Karambunai Corp Bhd Group and also the Executive Director of FACB Industries Incorporated Berhad and Petaling Tin Berhad
Directorship of public companies (if any): FACB Industries Incorporated Berhad
Petaling Tin Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Mr Chen Yiy Fon's father, Tan Sri Dr Chen Lip Keong, is a director and major shareholder of Karambunai Corp Bhd.
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Submitting Merchant Bank: N/A
Company Name: KARAMBUNAI CORP BHD
Stock Name: KBUNAI
Date Announced: 29/09/2010
Announcement Detail:
Date of change: 29/09/2010
Type of change: Redesignation
Previous Position: Chief Operating Officer
New Position: Chief Executive Officer
Directorate: Executive
Name: Chen Yiy Fon
Age: 29
Nationality: Malaysian
Qualifications: Bachelor of Arts (Economics)
Working experience and occupation: Mr Chen Yiy Fon previously interned in Morgan Stanley, Los Angeles, California in 2003 as Financial Advisor Assistant and Credit Suisse First Boston, Singapore in 2004.
Currently, he serves as Director for several subsidiaries of Karambunai Corp Bhd Group and also the Executive Director of FACB Industries Incorporated Berhad and Petaling Tin Berhad
Directorship of public companies (if any): FACB Industries Incorporated Berhad
Petaling Tin Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Mr Chen Yiy Fon's father, Tan Sri Dr Chen Lip Keong, is a director and major shareholder of Karambunai Corp Bhd.
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
It is about time for the change of CEO in Karambunai Corp Bhd. I hope it is not too late for the new CEO to salvage the terrible, corrupted, abusive, internal situation. Next to go should be the CFO Mr Lim T J! These bunch of buggers are there for their self interests.... Why they made the whole grp into deep shits yet still can be there? Do you think the subsidiary company Dapan being sued to winding up was the real intention? All these were the personal dealings of the ex CEO went SOUR with the counter part. Cannot be too greedy and you will lose all!
ReplyDeleteI heard the ex CEO R Loh has profited himself so much from the construction deals. He is more vicious than the snake in the jungle. Can you imagine the company pays at least 20% loyalty to his suppliers and in return this 20% goes back to him?
ReplyDelete