TAKASO - General Announcement
Announcement Type: General Announcement
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: TAKASO RESOURCES BERHAD ("TRB" or "THE COMPANY")
BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS - DEALINGS BY DIRECTORS OF THE COMPANY DURING CLOSED PERIOD
Contents: Pursuant to Paragraph 14.08 of the Bursa Securities Main Market Listing Requirements, the Board of TRB wishes to notify Bursa Securities that the Company had on 6 September, 2010 received notification from the following Directors of the Company in relation to the disposal and acquisition of the Company's shares. Details of the dealings are as follows :-
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: TAKASO RESOURCES BERHAD ("TRB" or "THE COMPANY")
BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS - DEALINGS BY DIRECTORS OF THE COMPANY DURING CLOSED PERIOD
Contents: Pursuant to Paragraph 14.08 of the Bursa Securities Main Market Listing Requirements, the Board of TRB wishes to notify Bursa Securities that the Company had on 6 September, 2010 received notification from the following Directors of the Company in relation to the disposal and acquisition of the Company's shares. Details of the dealings are as follows :-
TIGER - General Announcement
Announcement Type: General Announcement
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Tiger Synergy Berhad ("the Company")
Outside Closed Period pursuant to Paragraph 14.09(a) of Bursa
Malaysia Securities Berhad Main Market Lisitng Requirements
Contents: Pursuant to Paragraph 14.09(a) of Main Market Listing Requirement of Bursa Malaysia Securities Berhad, Dato' Tan Wei Lian, a director of Tiger Synergy Berhad had transacted in the securities of the Company details of which as per file attached.
This announcement is dated 6 September 2010
Attachments: TWL WARRANT.xls
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Tiger Synergy Berhad ("the Company")
Outside Closed Period pursuant to Paragraph 14.09(a) of Bursa
Malaysia Securities Berhad Main Market Lisitng Requirements
Contents: Pursuant to Paragraph 14.09(a) of Main Market Listing Requirement of Bursa Malaysia Securities Berhad, Dato' Tan Wei Lian, a director of Tiger Synergy Berhad had transacted in the securities of the Company details of which as per file attached.
This announcement is dated 6 September 2010
Attachments: TWL WARRANT.xls
JPK - PUBLIC REPRIMAND ON JPK HOLDINGS BERHAD
Announcement Type: Listing Circular
Company Name: JPK HOLDINGS BERHAD
Stock Name: JPK
Date Announced: 06/09/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON JPK HOLDINGS BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") hereby publicly reprimands JPK Holdings Berhad ("the Company") for breach of paragraph 9.19(19) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main Market LR"). Pursuant to paragraph 9.19(19) of the Main Market LR, a listed issuer must immediately announce to Bursa Securities of any commencement of winding-up proceedings or winding-up order made against the listed issuer or any of its subsidiaries or major associated companies.
The Company had breached paragraph 9.19(19) of the Main Market LR for failing to make an immediate announcement of the winding-up petitions served on JPK (Malaysia) Sdn Bhd ("JPKM") by Public Bank (M) Berhad ("PBB") and Corplast Packaging Industries Sdn Bhd ("CORPLAST") on 17 February 2010 and 5 April 2010. The Company only made the announcements in respect of the winding-petitions by PBB and CORPLAST on 4 March 2010 and 13 April 2010 respectively.
JPKM is a major subsidiary of the Company where the total assets of JPKM of RM69.352 million represented 74% of JPK Group's total assets of RM94.035 million as at 31 March 2009.
The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main Market LR after taking into consideration all facts and circumstances of the matter including the fact that the Company had previously breached the listing requirements and upon completion of due process.
Bursa Securities views the contravention seriously and reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the Main Market LR at all times. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the Main Market LR. The Board of Directors of the Company at the material time are as follows:-
(i) Y.T.M. Tengku Dato' Seri Baderul Zaman Ibni Sultan Mahmud
(ii) Dr.Liew Lai Ping
(iii) Ong Woei Ee
(iv) Dennis Xavier
Company Name: JPK HOLDINGS BERHAD
Stock Name: JPK
Date Announced: 06/09/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON JPK HOLDINGS BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") hereby publicly reprimands JPK Holdings Berhad ("the Company") for breach of paragraph 9.19(19) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main Market LR"). Pursuant to paragraph 9.19(19) of the Main Market LR, a listed issuer must immediately announce to Bursa Securities of any commencement of winding-up proceedings or winding-up order made against the listed issuer or any of its subsidiaries or major associated companies.
The Company had breached paragraph 9.19(19) of the Main Market LR for failing to make an immediate announcement of the winding-up petitions served on JPK (Malaysia) Sdn Bhd ("JPKM") by Public Bank (M) Berhad ("PBB") and Corplast Packaging Industries Sdn Bhd ("CORPLAST") on 17 February 2010 and 5 April 2010. The Company only made the announcements in respect of the winding-petitions by PBB and CORPLAST on 4 March 2010 and 13 April 2010 respectively.
JPKM is a major subsidiary of the Company where the total assets of JPKM of RM69.352 million represented 74% of JPK Group's total assets of RM94.035 million as at 31 March 2009.
The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main Market LR after taking into consideration all facts and circumstances of the matter including the fact that the Company had previously breached the listing requirements and upon completion of due process.
Bursa Securities views the contravention seriously and reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the Main Market LR at all times. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the Main Market LR. The Board of Directors of the Company at the material time are as follows:-
(i) Y.T.M. Tengku Dato' Seri Baderul Zaman Ibni Sultan Mahmud
(ii) Dr.Liew Lai Ping
(iii) Ong Woei Ee
(iv) Dennis Xavier
PJI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: PJI HOLDINGS BERHAD ("PJI" OR "COMPANY")
I. Proposed Par Value Reduction wherein the Issued and Paid-Up Share Capital of the Company of RM81,209,333 Comprising 406,046,665 Ordinary Shares of RM0.20 Each in PJI Shall be Reduced to RM40,604,667 Comprising 406,046,665 Ordinary Shares of RM0.10 Each in PJI ("PJI Shares") ("Proposed Par Value Reduction");
II. Proposed Amendments to the Memorandum and Articles of Association of PJI ("Proposed Amendments"); and
III. Proposed Renounceable Rights Issue of up to 203,023,332 New Ordinary Shares of RM0.10 Each in PJI ("Rights Shares") Together With up to 304,534,998 Free Detachable Warrants on the Basis of Two (2) Rights Shares Together with Three (3) Free Detachable Warrants for Every Four (4) PJI Shares Held After the Proposed Par Value Reduction at an Indicative Issue Price of RM0.11 per Rights Share ("Proposed Rights Issue")
(collectively referred to as "Proposals")
Contents: Further to the announcement dated 29 March 2010 on the Proposals, on behalf of the Board of Directors of PJI ("Board"), Public Investment Bank Berhad ("PIVB") wishes to announce that the Company had fixed the minimum subscription level for the Proposed Rights Issue at 97,510,000 Rights Shares together with 146,265,000 Warrants.
Further details on the Proposals are set out in the attachment of this announcement.
This announcement is dated 6 September 2010.
Attachments: PJI Announcement - 06.09.2010.pdf
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: PJI HOLDINGS BERHAD ("PJI" OR "COMPANY")
I. Proposed Par Value Reduction wherein the Issued and Paid-Up Share Capital of the Company of RM81,209,333 Comprising 406,046,665 Ordinary Shares of RM0.20 Each in PJI Shall be Reduced to RM40,604,667 Comprising 406,046,665 Ordinary Shares of RM0.10 Each in PJI ("PJI Shares") ("Proposed Par Value Reduction");
II. Proposed Amendments to the Memorandum and Articles of Association of PJI ("Proposed Amendments"); and
III. Proposed Renounceable Rights Issue of up to 203,023,332 New Ordinary Shares of RM0.10 Each in PJI ("Rights Shares") Together With up to 304,534,998 Free Detachable Warrants on the Basis of Two (2) Rights Shares Together with Three (3) Free Detachable Warrants for Every Four (4) PJI Shares Held After the Proposed Par Value Reduction at an Indicative Issue Price of RM0.11 per Rights Share ("Proposed Rights Issue")
(collectively referred to as "Proposals")
Contents: Further to the announcement dated 29 March 2010 on the Proposals, on behalf of the Board of Directors of PJI ("Board"), Public Investment Bank Berhad ("PIVB") wishes to announce that the Company had fixed the minimum subscription level for the Proposed Rights Issue at 97,510,000 Rights Shares together with 146,265,000 Warrants.
Further details on the Proposals are set out in the attachment of this announcement.
This announcement is dated 6 September 2010.
Attachments: PJI Announcement - 06.09.2010.pdf
STONE - NOTICE OF TENTH ANNUAL GENERAL MEETING OF STONE MASTER CORPORATION BERHAD
Announcement Type: General Announcement
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF TENTH ANNUAL GENERAL MEETING OF STONE MASTER CORPORATION BERHAD
Contents: The Board of Directors of Stone Master Corporation Berhad ("SMCB") is pleased to announce that the Tenth Annual General Meeting (AGM) of SMCB will be held on Wednesday, the 29th day of September 2010 at 11.30 a.m. at the Meeting Room of Heritage Hotel, Jalan Raja Dihilir, 30350 Ipoh, Perak Darul Ridzuan. Attached is a copy of the Notice of SMCB's AGM for the Bursa Malaysia Securities Berhad's attention.
Attachments: Notice of SMCB AGM 2010.pdf
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF TENTH ANNUAL GENERAL MEETING OF STONE MASTER CORPORATION BERHAD
Contents: The Board of Directors of Stone Master Corporation Berhad ("SMCB") is pleased to announce that the Tenth Annual General Meeting (AGM) of SMCB will be held on Wednesday, the 29th day of September 2010 at 11.30 a.m. at the Meeting Room of Heritage Hotel, Jalan Raja Dihilir, 30350 Ipoh, Perak Darul Ridzuan. Attached is a copy of the Notice of SMCB's AGM for the Bursa Malaysia Securities Berhad's attention.
Attachments: Notice of SMCB AGM 2010.pdf
SUCCESS - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 06/09/2010
Announcement Detail:
Date of buy back: 06/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 21,000
Minimum price paid for each share purchased ($$): 1.160
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 24,420.90
Number of shares purchased retained in treasury (units): 21,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 7,044,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.87
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 06/09/2010
Announcement Detail:
Date of buy back: 06/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 21,000
Minimum price paid for each share purchased ($$): 1.160
Maximum price paid for each share purchased ($$): 1.170
Total consideration paid ($$): 24,420.90
Number of shares purchased retained in treasury (units): 21,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 7,044,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.87
VASTALX - PUBLIC REPRIMAND ON VASTALUX ENERGY BERHAD
Announcement Type: Listing Circular
Company Name: VASTALUX ENERGY BERHAD
Stock Name: VASTALX
Date Announced: 06/09/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON VASTALUX ENERGY BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") hereby publicly reprimands Vastalux Energy Berhad ("the Company") for breach of paragraph 9.19(19) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")/ Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main Market LR").
Pursuant to paragraph 9.19(19) of the LR/Main Market LR, a listed issuer must immediately announce to Bursa Securities of any commencement of winding-up proceedings or winding-up order made against the listed issuer or any of its subsidiaries or major associated companies.
The Company had breached paragraph 9.19(19) of the LR/ Main Market LR for failing to make an immediate announcement of the following winding-up petitions served on Vastalux Sdn Bhd ("VSB"):
No Name of Petitioner Date Served Date of Announcement Delay (Market Days) 1 Romily (M) Sdn Bhd 19 June 2009 26 June 2009 5 2 Principal Gas Sdn Bhd 6 August 2009 10 August 2009 2 3 MMA Resources Sdn Bhd 27 August 2009 28 September 2009 19 4 ECIS (M) Sdn Bhd 19 October 2009 22 October 2009 3 5 JWS Engineered Transport Sdn Bhd 9 October 2009 18 November 2009 28 6 Kuala Lumpur Valve and Fitting (M) Sdn Bhd 1 June 2010 16 June 2010 11 VSB is a major subsidiary of the Company which contributes 99.96% of the total assets of the Company on a consolidated basis as at 31 December 2009.
The public reprimand was imposed pursuant to paragraph 16.17(1) of the LR/ paragraph 16.19(1) of the Main Market LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
Bursa Securities views the contravention seriously and reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the listing requirements. The Board of Directors of the Company at the material time are as follows:-
(i) Ybhg Tan Sri Dato' Zainol Abidin Bin Abd Rashid
(ii) Nor Sabri Bin Hamzah
(iii) Mohamad Hasif Bin Mohd Nahar
(iv) Amirul Azhar Bin Baharom
(v) Ybhg Dato' Mohamed Salleh Bin Bajuri
(vi) Munawir Bin Mohammad
(vii) Rosthman Bin Ibrahim
(viii) Mohamad Nor Bin Abdul Rashid
(ix) Azman Bin Abd Ghafar
Company Name: VASTALUX ENERGY BERHAD
Stock Name: VASTALX
Date Announced: 06/09/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON VASTALUX ENERGY BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") hereby publicly reprimands Vastalux Energy Berhad ("the Company") for breach of paragraph 9.19(19) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")/ Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main Market LR").
Pursuant to paragraph 9.19(19) of the LR/Main Market LR, a listed issuer must immediately announce to Bursa Securities of any commencement of winding-up proceedings or winding-up order made against the listed issuer or any of its subsidiaries or major associated companies.
The Company had breached paragraph 9.19(19) of the LR/ Main Market LR for failing to make an immediate announcement of the following winding-up petitions served on Vastalux Sdn Bhd ("VSB"):
No Name of Petitioner Date Served Date of Announcement Delay (Market Days) 1 Romily (M) Sdn Bhd 19 June 2009 26 June 2009 5 2 Principal Gas Sdn Bhd 6 August 2009 10 August 2009 2 3 MMA Resources Sdn Bhd 27 August 2009 28 September 2009 19 4 ECIS (M) Sdn Bhd 19 October 2009 22 October 2009 3 5 JWS Engineered Transport Sdn Bhd 9 October 2009 18 November 2009 28 6 Kuala Lumpur Valve and Fitting (M) Sdn Bhd 1 June 2010 16 June 2010 11 VSB is a major subsidiary of the Company which contributes 99.96% of the total assets of the Company on a consolidated basis as at 31 December 2009.
The public reprimand was imposed pursuant to paragraph 16.17(1) of the LR/ paragraph 16.19(1) of the Main Market LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
Bursa Securities views the contravention seriously and reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the listing requirements. The Board of Directors of the Company at the material time are as follows:-
(i) Ybhg Tan Sri Dato' Zainol Abidin Bin Abd Rashid
(ii) Nor Sabri Bin Hamzah
(iii) Mohamad Hasif Bin Mohd Nahar
(iv) Amirul Azhar Bin Baharom
(v) Ybhg Dato' Mohamed Salleh Bin Bajuri
(vi) Munawir Bin Mohammad
(vii) Rosthman Bin Ibrahim
(viii) Mohamad Nor Bin Abdul Rashid
(ix) Azman Bin Abd Ghafar
KYM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
DISPOSAL OF THIRTEEN (13) PARCELS OF LEASEHOLD PROPERTIES (WITH AN UNEXPIRED LEASE PERIOD OF 80 YEARS) MEASURING APPROXIMATELY 756 ACRES FOR AN AGGREGATE CASH CONSIDERATION OF RM93,762,467.44 ("DISPOSAL")
Contents: We refer to the Company's announcement dated 2 September 2010 relating to the Disposal.
On behalf of the Board of Directors of KYM, MIMB Investment Bank Berhad wishes to announce that Vale Malaysia Manufacturing Sdn Bhd ("Vale") had, vide its letter dated 3 September 2010, confirmed that the conditions precedent set out in Clause 5 of the conditional sale and purchase agreement dated 31 March 2010 in relation to the Disposal ("SPA") are deemed conditionally fulfilled subject to confirmation in writing by Vale that certain matters to be addressed and carried out by Harta Makmur Sdn Bhd, a 54% owned subsidiary company of KYM, and KYM in relation to fulfilment of Clause 5.1(f) are and have been completed to the satisfaction of Vale.
Subject to confirmation in writing by Vale of its satisfaction of the above, the SPA shall be deemed unconditional and the date of such written confirmation shall be the unconditional date (and the parties agree to read and interpret the SPA and the meaning of unconditional date accordingly). The parties further agree that upon such occurrence, the parties will then proceed to completion in accordance with the provisions of the SPA.
This announcement is dated 6 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
DISPOSAL OF THIRTEEN (13) PARCELS OF LEASEHOLD PROPERTIES (WITH AN UNEXPIRED LEASE PERIOD OF 80 YEARS) MEASURING APPROXIMATELY 756 ACRES FOR AN AGGREGATE CASH CONSIDERATION OF RM93,762,467.44 ("DISPOSAL")
Contents: We refer to the Company's announcement dated 2 September 2010 relating to the Disposal.
On behalf of the Board of Directors of KYM, MIMB Investment Bank Berhad wishes to announce that Vale Malaysia Manufacturing Sdn Bhd ("Vale") had, vide its letter dated 3 September 2010, confirmed that the conditions precedent set out in Clause 5 of the conditional sale and purchase agreement dated 31 March 2010 in relation to the Disposal ("SPA") are deemed conditionally fulfilled subject to confirmation in writing by Vale that certain matters to be addressed and carried out by Harta Makmur Sdn Bhd, a 54% owned subsidiary company of KYM, and KYM in relation to fulfilment of Clause 5.1(f) are and have been completed to the satisfaction of Vale.
Subject to confirmation in writing by Vale of its satisfaction of the above, the SPA shall be deemed unconditional and the date of such written confirmation shall be the unconditional date (and the parties agree to read and interpret the SPA and the meaning of unconditional date accordingly). The parties further agree that upon such occurrence, the parties will then proceed to completion in accordance with the provisions of the SPA.
This announcement is dated 6 September 2010.
SKW - Syarikat Kayu Wangi Berhad - Revaluation of Properties
Announcement Type: General Announcement
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Syarikat Kayu Wangi Berhad
- Revaluation of Properties
Contents: 1. INTRODUCTION
The Board of Directors of Syarikat Kayu Wangi Berhad ("SKW") wishes to announce that SKW had undertaken a revaluation exercise on the following properties ("the Properties"):-
a) Lot Nos. PTD9244, PTD 9245, MLO 1869, LO 1767, MLO 1872 and MLO 1873, Titles Nos. HS(M) 4186, HS(M) 4187, HSM 6956, HS(M) 3232, HS(M) 2194 and HS(M) 2581 respectively, Mukim of Sri Medan, District of Batu Pahat, Johor;
b) Lot Nos. PT. 10291 - PT. 10508, PT. 10509 - PT. 10536, PT. 10564 - PT. 10592, PT. 10610 - PT. 10614, PT. 10626 - PT. 10641, PT. 10643 - PT. 10684, PT. 10686, PT. 10691, PT. 10693, PT 10698, PT. 10746, PT. 10749, PT. 10766 - PT. 10782, PT. 10755 - PT. 10757, PT. 10785 - PT. 10800, PT. 10865 - PT. 10964, PT. 11067 - PT. 11083, Mukim of Batu Berendam, District of Melaka Tengah, Melaka (all within Taman Sutera Wangi, Melaka);
c) Lot Nos. 470 and 990, Title Nos. HS(M) 482 and GM 778, Mukim of Rengam; Lot Nos. LO 1372 and LO 1577, Title Nos. HS(M) 580 and HS(M) 1443, Mukim of Kluang, all in the district of Kluang, Johor; and
d) Lot Nos. 319, 320 and 321, Title Nos. GM 617, GM 1163 and GM 1172, Mukim of Rengam; Lot No. 207, Title No. GM 594, Mukim of Ulu Benut, all in the District of Kluang, Johor.
2. PURPOSE OF REVALUATION
The purpose of the revaluation exercise is for accounting purposes only.
3. APPROVAL CONDITION
The Board confirmed that the above revaluation is not, to the best of its knowledge, subject to the approval of Securities Commission.
4. REVALUATION SURPLUS
The detail of the revaluation surplus is as stipulated in the table below.
5. EFFECTS ON THE NET ASSETS
The revalued amount had resulted in a reversal of impairment loss of RM5.823 million for the development land and total increase in net assets of RM10.615 million in the 2nd quarter financial result of the Group ended 30 June 2010. The revalued amount had resulted in an increase of RM0.25 in net assets per share of the Group.
6. NAME OF THE VALUER
The valuer engaged for the revaluation exercise is Chenfoo Property Consultants.
7. DATE OF VALUATION
The date of 4 valuation reports for the Property is 30 June 2010.
8. DOCUMENT AVAILABLE FOR INSPECTION
The valuation reports are available for inspection at the Registered Office of the Company at 312, 3rd Floor, Block C, Kelana Square, 17 Jalan SS 7/26, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 6 September 2010.
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Syarikat Kayu Wangi Berhad
- Revaluation of Properties
Contents: 1. INTRODUCTION
The Board of Directors of Syarikat Kayu Wangi Berhad ("SKW") wishes to announce that SKW had undertaken a revaluation exercise on the following properties ("the Properties"):-
a) Lot Nos. PTD9244, PTD 9245, MLO 1869, LO 1767, MLO 1872 and MLO 1873, Titles Nos. HS(M) 4186, HS(M) 4187, HSM 6956, HS(M) 3232, HS(M) 2194 and HS(M) 2581 respectively, Mukim of Sri Medan, District of Batu Pahat, Johor;
b) Lot Nos. PT. 10291 - PT. 10508, PT. 10509 - PT. 10536, PT. 10564 - PT. 10592, PT. 10610 - PT. 10614, PT. 10626 - PT. 10641, PT. 10643 - PT. 10684, PT. 10686, PT. 10691, PT. 10693, PT 10698, PT. 10746, PT. 10749, PT. 10766 - PT. 10782, PT. 10755 - PT. 10757, PT. 10785 - PT. 10800, PT. 10865 - PT. 10964, PT. 11067 - PT. 11083, Mukim of Batu Berendam, District of Melaka Tengah, Melaka (all within Taman Sutera Wangi, Melaka);
c) Lot Nos. 470 and 990, Title Nos. HS(M) 482 and GM 778, Mukim of Rengam; Lot Nos. LO 1372 and LO 1577, Title Nos. HS(M) 580 and HS(M) 1443, Mukim of Kluang, all in the district of Kluang, Johor; and
d) Lot Nos. 319, 320 and 321, Title Nos. GM 617, GM 1163 and GM 1172, Mukim of Rengam; Lot No. 207, Title No. GM 594, Mukim of Ulu Benut, all in the District of Kluang, Johor.
2. PURPOSE OF REVALUATION
The purpose of the revaluation exercise is for accounting purposes only.
3. APPROVAL CONDITION
The Board confirmed that the above revaluation is not, to the best of its knowledge, subject to the approval of Securities Commission.
4. REVALUATION SURPLUS
The detail of the revaluation surplus is as stipulated in the table below.
5. EFFECTS ON THE NET ASSETS
The revalued amount had resulted in a reversal of impairment loss of RM5.823 million for the development land and total increase in net assets of RM10.615 million in the 2nd quarter financial result of the Group ended 30 June 2010. The revalued amount had resulted in an increase of RM0.25 in net assets per share of the Group.
6. NAME OF THE VALUER
The valuer engaged for the revaluation exercise is Chenfoo Property Consultants.
7. DATE OF VALUATION
The date of 4 valuation reports for the Property is 30 June 2010.
8. DOCUMENT AVAILABLE FOR INSPECTION
The valuation reports are available for inspection at the Registered Office of the Company at 312, 3rd Floor, Block C, Kelana Square, 17 Jalan SS 7/26, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 6 September 2010.
PMETAL - General Announcement
Announcement Type: General Announcement
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Director has transacted in the securities of the Company as set out in the table below:
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 06/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Director has transacted in the securities of the Company as set out in the table below:
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