PENERGY - General Announcement
Announcement Type: General Announcement
Company Name: PETRA ENERGY BERHAD
Stock Name: PENERGY
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Kencana Bestwide Sdn Bhd (formerly known as Best Wide Matrix Sdn Bhd) ("KBSB") vs Petra Fabricators Sdn Bhd ("PFSB"); and PFSB's Counter-Claim
Contents: We refer to the announcement made on 15 October 2003 by Petra Perdana Berhad, then the holding company, and our announcements made on 17 September 2008, 25 May 2009, 3 July 2009, 17 July 2009, 13 October 2009, 10 November 2009, 25 November 2009, 22 February 2010, 24 February 2010, 3 June 2010, 9 June 2010, 28 June 2010, 26 July 2010, 4 August 2010, 23 August 2010 and 9 September 2010 in relation to the above legal suit.
Petra Energy Berhad ("the Company") wishes to update that PFSB, a wholly-owned subsidiary of the Company, has today, 28 September 2010, filed an application for a stay of execution at the Court of Appeal on the judgment obtained by KBSB on 29 January 2010.
The PFSB's record of appeal to the Court of Appeal has been filed on 8 September 2010 and the Company has been advised by its solicitors that a hearing date of the appeal is expected soon.
Company Name: PETRA ENERGY BERHAD
Stock Name: PENERGY
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Kencana Bestwide Sdn Bhd (formerly known as Best Wide Matrix Sdn Bhd) ("KBSB") vs Petra Fabricators Sdn Bhd ("PFSB"); and PFSB's Counter-Claim
Contents: We refer to the announcement made on 15 October 2003 by Petra Perdana Berhad, then the holding company, and our announcements made on 17 September 2008, 25 May 2009, 3 July 2009, 17 July 2009, 13 October 2009, 10 November 2009, 25 November 2009, 22 February 2010, 24 February 2010, 3 June 2010, 9 June 2010, 28 June 2010, 26 July 2010, 4 August 2010, 23 August 2010 and 9 September 2010 in relation to the above legal suit.
Petra Energy Berhad ("the Company") wishes to update that PFSB, a wholly-owned subsidiary of the Company, has today, 28 September 2010, filed an application for a stay of execution at the Court of Appeal on the judgment obtained by KBSB on 29 January 2010.
The PFSB's record of appeal to the Court of Appeal has been filed on 8 September 2010 and the Company has been advised by its solicitors that a hearing date of the appeal is expected soon.
IJMLAND - Members' Voluntary Winding-Up of a Dormant Subsidiary
Announcement Type: General Announcement
Company Name: IJM LAND BERHAD
Stock Name: IJMLAND
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Members' Voluntary Winding-Up of a Dormant Subsidiary
Contents: Seremban Two Driving Range Sdn Bhd ("STDR") is being wound-up pursuant to Section 254(1)(b) of the Companies Act, 1965. The liquidation of STDR is part of the corporate structure streamlining exercise of the Group.
STDR is a 75%-owned subsidiary of RB Land Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company. STDR was incorporated in Malaysia on 17 March 1997. The cost of investment in STDR is RM165,000.
The voluntary winding-up of STDR will not have any significant financial and operational impact on the Group for the financial year ending 31 March 2011, and no material loss is expected arising from the winding-up proceedings.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the winding-up of STDR and no approval of shareholders is required.
Company Name: IJM LAND BERHAD
Stock Name: IJMLAND
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Members' Voluntary Winding-Up of a Dormant Subsidiary
Contents: Seremban Two Driving Range Sdn Bhd ("STDR") is being wound-up pursuant to Section 254(1)(b) of the Companies Act, 1965. The liquidation of STDR is part of the corporate structure streamlining exercise of the Group.
STDR is a 75%-owned subsidiary of RB Land Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company. STDR was incorporated in Malaysia on 17 March 1997. The cost of investment in STDR is RM165,000.
The voluntary winding-up of STDR will not have any significant financial and operational impact on the Group for the financial year ending 31 March 2011, and no material loss is expected arising from the winding-up proceedings.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the winding-up of STDR and no approval of shareholders is required.
EONCAP - EON CAPITAL BERHAD ("EONCAP" or the "Company") - Directorship of Mr Ng Wing Fai
Announcement Type: General Announcement
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: EON CAPITAL BERHAD ("EONCAP" or the "Company")
- Directorship of Mr Ng Wing Fai
Contents: We refer to our announcement of 30 August 2010.
EONCAP wishes to announce that Bank Negara Malaysia has via its letter to EONCAP dated 28 September 2010 informed that the proposed re-appointment of Mr Ng Wing Fai as a Non-Independent Director of EONCAP is rejected.
This announcement is dated 28 September 2010.
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: EON CAPITAL BERHAD ("EONCAP" or the "Company")
- Directorship of Mr Ng Wing Fai
Contents: We refer to our announcement of 30 August 2010.
EONCAP wishes to announce that Bank Negara Malaysia has via its letter to EONCAP dated 28 September 2010 informed that the proposed re-appointment of Mr Ng Wing Fai as a Non-Independent Director of EONCAP is rejected.
This announcement is dated 28 September 2010.
GAMUDA - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/07/2010
Quarter: 4
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/07/2010
Quarter: 4
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PARKSON - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 5.700
Maximum price paid for each share purchased ($$): 5.700
Total consideration paid ($$): 28,708.55
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,557,486
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.24
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 28/09/2010
Announcement Detail:
Date of buy back: 28/09/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 5,000
Minimum price paid for each share purchased ($$): 5.700
Maximum price paid for each share purchased ($$): 5.700
Total consideration paid ($$): 28,708.55
Number of shares purchased retained in treasury (units): 5,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,557,486
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.24
ENCORP - General Announcement
Announcement Type: General Announcement
Company Name: ENCORP BERHAD
Stock Name: ENCORP
Date Announced: 28/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100927-34258
Subject: PROPOSED DISPOSAL BY MUST EHSAN DEVELOPMENT SDN BHD ("MEDSB"), A 70%-OWNED SUBSIDIARY OF ENCORP MUST SDN BHD ("EMSB"), WHICH IN TURN IS A WHOLLY OWNED SUBSIDIARY OF ENCORP BERHAD ("ENCORP"), TO PARTIES RELATED TO ENCORP, OF SELECTED OFFICE SUITES LOCATED WITHIN THE MIXED DEVELOPMENT KNOWN AS ENCORP STRAND, PUSAT PERDAGANGAN KOTA DAMANSARA, PETALING JAYA, SELANGOR DARUL EHSAN, FOR A TOTAL COLLECTIVE NET CASH CONSIDERATION OF RM39,522,700 ("PROPOSED DISPOSAL")
Contents: Reference is made to our earlier announcement on 23 September 2010 and Bursa Malaysia Securities Berhad's query letter dated 27 September 2010 requesting for additional information. Appended is our reply to the additional information as requested:-
1. Whether any valuation was carried out on the real estate; if so, information on the following:-
(a) Name of the independent, registered valuer;
(b) Date and method of valuation;
(c) Quantification of the market value; and
(d) Time and place where the valuation report may be inspected.
No valuation was carried out on the piece of vacant land to be developed as the Garden Office.
2. Date(s) of the approvals obtained from the relevant authorities in relation to the development of the real estate.
The Development Order and the Building Plans approval for the Garden Office were obtained on 3 September 2009 and 24 November 2009 respectively.
3. The exact expiry date of the lease on the leasehold land.
The expiry date of the leasehold land is on 14 November 2107.
4. Net book value of the real estate, based on the latest audited financial statements.
The Garden Office has no net book value as it is an on-going development project. In accordance to Financial Reporting Standard, FRS 201 2004: Property Development Activities, all costs directly attributable to the development activities, including cost associated with the acquisition of land, are to be classified as Property Development Cost.
5. Whether the Proposed Disposal is subject to the relevant government authorities approval and estimated time frame for submission of the application to the relevant authorities.
The Proposed Disposal is not subject to any government authorities' approval.
6. To state that the interested directors have abstained from voting on the relevant resolution at the board meeting.
As stated in Paragraph 8.1 of the announcement:-
(i) YB Dato Sri Mohd Effendi Bin Norwawi, Efeida Effendi and YBhg Datuk Ramli Bin Shamsudin, being directors who are interested in the Proposed Disposal to Lavista, have abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Lavista;
(ii) Yeoh Soo Ann, being a director interested in the Proposed Disposal to Yeoh Soo Ann, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Yeoh Soo Ann;
(iii) YBhg Datuk (Dr) Philip Ting Ding Ing, being a director interested in the Proposed Disposal of FBSB, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to FBSB; and
(iv) YBhg Datuk Hamzah, being a director interested in the Proposed Disposal to Datuk Hamzah, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Datuk Hamzah.
7. To state that the interested directors will abstain from voting in respect of their direct and/or indirect shareholdings on the resolution approving the Proposed Disposal at the general meeting.
As stated in Paragraph 7 of the announcement, only Proposed Disposal to Lavista is subject to the approval of the shareholders of Encorp at an EGM to be convened. Therefore, YB Dato Sri Mohd Effendi Bin Norwawi, Efeida Effendi and YBhg Datuk Ramli Bin Shamsudin, being directors who are interested in the Proposed Disposal to Lavista, shall abstain from voting in respect of their direct and/or indirect shareholdings on the resolution approving the Proposed Disposal to Lavista at the EGM to be convened.
This announcement is dated 28 September 2010.
Query Letter content: We refer to your announcement dated 23 September 2010, in respect of the
aforesaid Proposed Disposal.
In this connection, kindly furnish Bursa Malaysia Securities Berhad with the
following additional information for public release:
Whether any valuation was carried out on the real estate; if so, information on
the following:-
(a) Name of the independent, registered valuer;
(b) Date and method of valuation;
(c) Quantification of the market value; and
(d) Time and place where the valuation report may be inspected;
2. Date(s) of the approvals obtained from the relevant authorities in relation
to the development of the real estate;
3. The exact expiry date of the lease on the leasehold land;
4. Net book value of the real estate, based on the latest audited financial
statements;
5. Whether the Proposed Disposal is subject to the relevant government
authorities approval and estimated time frame for submission of the application
to the relevant authorities;
6. To state that the interested directors have abstained from voting on the
relevant resolution at the board meeting; and
7. To state that the interested directors will abstain from voting in respect
of their direct and/or indirect shareholdings on the resolution approving the
Proposed Disposal at the general meeting.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/RSA
Copy to: General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Company Name: ENCORP BERHAD
Stock Name: ENCORP
Date Announced: 28/09/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100927-34258
Subject: PROPOSED DISPOSAL BY MUST EHSAN DEVELOPMENT SDN BHD ("MEDSB"), A 70%-OWNED SUBSIDIARY OF ENCORP MUST SDN BHD ("EMSB"), WHICH IN TURN IS A WHOLLY OWNED SUBSIDIARY OF ENCORP BERHAD ("ENCORP"), TO PARTIES RELATED TO ENCORP, OF SELECTED OFFICE SUITES LOCATED WITHIN THE MIXED DEVELOPMENT KNOWN AS ENCORP STRAND, PUSAT PERDAGANGAN KOTA DAMANSARA, PETALING JAYA, SELANGOR DARUL EHSAN, FOR A TOTAL COLLECTIVE NET CASH CONSIDERATION OF RM39,522,700 ("PROPOSED DISPOSAL")
Contents: Reference is made to our earlier announcement on 23 September 2010 and Bursa Malaysia Securities Berhad's query letter dated 27 September 2010 requesting for additional information. Appended is our reply to the additional information as requested:-
1. Whether any valuation was carried out on the real estate; if so, information on the following:-
(a) Name of the independent, registered valuer;
(b) Date and method of valuation;
(c) Quantification of the market value; and
(d) Time and place where the valuation report may be inspected.
No valuation was carried out on the piece of vacant land to be developed as the Garden Office.
2. Date(s) of the approvals obtained from the relevant authorities in relation to the development of the real estate.
The Development Order and the Building Plans approval for the Garden Office were obtained on 3 September 2009 and 24 November 2009 respectively.
3. The exact expiry date of the lease on the leasehold land.
The expiry date of the leasehold land is on 14 November 2107.
4. Net book value of the real estate, based on the latest audited financial statements.
The Garden Office has no net book value as it is an on-going development project. In accordance to Financial Reporting Standard, FRS 201 2004: Property Development Activities, all costs directly attributable to the development activities, including cost associated with the acquisition of land, are to be classified as Property Development Cost.
5. Whether the Proposed Disposal is subject to the relevant government authorities approval and estimated time frame for submission of the application to the relevant authorities.
The Proposed Disposal is not subject to any government authorities' approval.
6. To state that the interested directors have abstained from voting on the relevant resolution at the board meeting.
As stated in Paragraph 8.1 of the announcement:-
(i) YB Dato Sri Mohd Effendi Bin Norwawi, Efeida Effendi and YBhg Datuk Ramli Bin Shamsudin, being directors who are interested in the Proposed Disposal to Lavista, have abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Lavista;
(ii) Yeoh Soo Ann, being a director interested in the Proposed Disposal to Yeoh Soo Ann, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Yeoh Soo Ann;
(iii) YBhg Datuk (Dr) Philip Ting Ding Ing, being a director interested in the Proposed Disposal of FBSB, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to FBSB; and
(iv) YBhg Datuk Hamzah, being a director interested in the Proposed Disposal to Datuk Hamzah, has abstained and will continue to abstain from all Board deliberations and voting in respect of the Proposed Disposal to Datuk Hamzah.
7. To state that the interested directors will abstain from voting in respect of their direct and/or indirect shareholdings on the resolution approving the Proposed Disposal at the general meeting.
As stated in Paragraph 7 of the announcement, only Proposed Disposal to Lavista is subject to the approval of the shareholders of Encorp at an EGM to be convened. Therefore, YB Dato Sri Mohd Effendi Bin Norwawi, Efeida Effendi and YBhg Datuk Ramli Bin Shamsudin, being directors who are interested in the Proposed Disposal to Lavista, shall abstain from voting in respect of their direct and/or indirect shareholdings on the resolution approving the Proposed Disposal to Lavista at the EGM to be convened.
This announcement is dated 28 September 2010.
Query Letter content: We refer to your announcement dated 23 September 2010, in respect of the
aforesaid Proposed Disposal.
In this connection, kindly furnish Bursa Malaysia Securities Berhad with the
following additional information for public release:
Whether any valuation was carried out on the real estate; if so, information on
the following:-
(a) Name of the independent, registered valuer;
(b) Date and method of valuation;
(c) Quantification of the market value; and
(d) Time and place where the valuation report may be inspected;
2. Date(s) of the approvals obtained from the relevant authorities in relation
to the development of the real estate;
3. The exact expiry date of the lease on the leasehold land;
4. Net book value of the real estate, based on the latest audited financial
statements;
5. Whether the Proposed Disposal is subject to the relevant government
authorities approval and estimated time frame for submission of the application
to the relevant authorities;
6. To state that the interested directors have abstained from voting on the
relevant resolution at the board meeting; and
7. To state that the interested directors will abstain from voting in respect
of their direct and/or indirect shareholdings on the resolution approving the
Proposed Disposal at the general meeting.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/RSA
Copy to: General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
CRESNDO - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: CRESCENDO CORPORATION BERHAD
Stock Name: CRESNDO
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/01/2011
Quarter: 2
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: CRESCENDO CORPORATION BERHAD
Stock Name: CRESNDO
Date Announced: 28/09/2010
Announcement Detail:
Financial Year End: 31/01/2011
Quarter: 2
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PETRA - General Announcement
Announcement Type: General Announcement
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Petra Perdana Berhad (the "Company")
- Intra Oil Services Berhad's legal suit against former
directors ("Suit")
Contents: Further to the Company's announcement dated 24 August 2010, the Company wishes to announce that the High Court has fixed Mention on 12 October 2010 and further Case Management on 22 November 2010 in respect of the Suit pending preparation for trial.
This announcement is dated 28 September 2010.
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Petra Perdana Berhad (the "Company")
- Intra Oil Services Berhad's legal suit against former
directors ("Suit")
Contents: Further to the Company's announcement dated 24 August 2010, the Company wishes to announce that the High Court has fixed Mention on 12 October 2010 and further Case Management on 22 November 2010 in respect of the Suit pending preparation for trial.
This announcement is dated 28 September 2010.
INGRESS - Awards from Honda and Suzuki for Ingress Thailand Operations.
Announcement Type: General Announcement
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Awards from Honda and Suzuki for Ingress Thailand Operations.
Contents: 1. INTRODUCTION
Ingress Corporation Berhad ("Ingress") is pleased to announce that our Thailand subsidiary, Ingress Autoventures Co, Ltd ("IAV") had received Letter or Intents (LOI) for the following:
LOI from Asian Honda Motor Co., Ltd. for the supply of Roof Drip Mouldings for a new Honda CRV ("Honda Project"); and
LOI from Suzuki Automobile Manufacturing (Thailand) Co., Ltd. for the supply of Roof Mouldings for a new Suzuki Eco car ("Suzuki Project").
The above will be collectively referred to hereinafter as the "Projects".
2. THE PROJECTS
(i) Honda Project
The Honda Project entails the supply by IAV of roof drip mouldings commencing in the second quarter of the financial year ending 31 January 2013 for the duration of 5 years. The project is expected to generate total revenue during the duration of the Project of THB152.8 million or RM15.4 million (based on the current exchange rate between Ringgit Malaysia and Thai Baht). Total investment for the project is estimated to be THB63.1 million or RM6.4 million in tooling and equipment.
(ii) Suzuki Project
The Suzuki Project is expected to commence in the first quarter of the financial year ending 31 January 2013 for a duration of 5 years. The project is expected to generate total revenue of THB53.6 million or RM5.4 million for its 5 year duration, whilst the investment in tooling is expected to cost approximately THB13.4 million or RM1.4 million.
3. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or substantial shareholders' of Ingress or persons connected to them has any interests, direct or indirect, in the Supply.
4. DIRECTORS' STATEMENT
The Directors of Ingress are of the opinion that the above is in the best interest of the Ingress Group.
This announcement is dated 28 September 2010.
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Awards from Honda and Suzuki for Ingress Thailand Operations.
Contents: 1. INTRODUCTION
Ingress Corporation Berhad ("Ingress") is pleased to announce that our Thailand subsidiary, Ingress Autoventures Co, Ltd ("IAV") had received Letter or Intents (LOI) for the following:
LOI from Asian Honda Motor Co., Ltd. for the supply of Roof Drip Mouldings for a new Honda CRV ("Honda Project"); and
LOI from Suzuki Automobile Manufacturing (Thailand) Co., Ltd. for the supply of Roof Mouldings for a new Suzuki Eco car ("Suzuki Project").
The above will be collectively referred to hereinafter as the "Projects".
2. THE PROJECTS
(i) Honda Project
The Honda Project entails the supply by IAV of roof drip mouldings commencing in the second quarter of the financial year ending 31 January 2013 for the duration of 5 years. The project is expected to generate total revenue during the duration of the Project of THB152.8 million or RM15.4 million (based on the current exchange rate between Ringgit Malaysia and Thai Baht). Total investment for the project is estimated to be THB63.1 million or RM6.4 million in tooling and equipment.
(ii) Suzuki Project
The Suzuki Project is expected to commence in the first quarter of the financial year ending 31 January 2013 for a duration of 5 years. The project is expected to generate total revenue of THB53.6 million or RM5.4 million for its 5 year duration, whilst the investment in tooling is expected to cost approximately THB13.4 million or RM1.4 million.
3. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or substantial shareholders' of Ingress or persons connected to them has any interests, direct or indirect, in the Supply.
4. DIRECTORS' STATEMENT
The Directors of Ingress are of the opinion that the above is in the best interest of the Ingress Group.
This announcement is dated 28 September 2010.
INGRESS - General Announcement
Announcement Type: General Announcement
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Divestment of 11.2% Shares in Ingress Autoventures Co., Ltd. ("IAV") by Ingress Precision Sdn Bhd ("IPSB")
Contents: We refer to our earlier announcement dated 4 August 2010 on the above.
We are pleased to announce that the divestment exercise has been completed.
Upon completion, Ingress' shareholdings in IAV will be 62.5% through our wholly-owned subsidiary, Ingress Engineering Sdn Bhd ("IESB"), whilst our joint-venture partners in IAV namely Katayama Kogyo Co., Ltd. and Yonei & Co., Ltd. now own 31.4% and 6.1% shares respectively.
This announcement is dated 28 September 2010.
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 28/09/2010
Announcement Detail:
Type: Announcement
Subject: Divestment of 11.2% Shares in Ingress Autoventures Co., Ltd. ("IAV") by Ingress Precision Sdn Bhd ("IPSB")
Contents: We refer to our earlier announcement dated 4 August 2010 on the above.
We are pleased to announce that the divestment exercise has been completed.
Upon completion, Ingress' shareholdings in IAV will be 62.5% through our wholly-owned subsidiary, Ingress Engineering Sdn Bhd ("IESB"), whilst our joint-venture partners in IAV namely Katayama Kogyo Co., Ltd. and Yonei & Co., Ltd. now own 31.4% and 6.1% shares respectively.
This announcement is dated 28 September 2010.
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