BRIGHT - Quarterly rpt on consolidated results for the financial period ended 31/8/2010
Announcement Type: Financial Results
Company Name: BRIGHT PACKAGING INDUSTRY BERHAD
Stock Name: BRIGHT
Date Announced: 28/10/2010
Announcement Detail:
Financial Year End: 31/08/2010
Quarter: 4
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: BRIGHT PACKAGING INDUSTRY BERHAD
Stock Name: BRIGHT
Date Announced: 28/10/2010
Announcement Detail:
Financial Year End: 31/08/2010
Quarter: 4
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PENSONI - General Announcement
Announcement Type: General Announcement
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: SUBSCRIPTION BY PENSONIC HOLDINGS BERHAD ("PHB") FOR AND ADDITIONAL ONE MILLION (1,000,000) NEW ORDINARY SHARES OF RM1.OO EACH IN CORNELL SALES & SERVICE SDN BHD (CSS)
Contents: 1. INTRODUCTION
The Board of Directors of PHB wishes to announce that, the acquisition an additional 1,000,000 new ordinary shares of RM1.00 each in CSS for a consideration of RM800,000 in cash and RM200,000 which is satisfied by way of capitalization of amount owing by CSS to PHB. Subscription which involved the issuance of 1,000,000 new ordinary shares, has enlarged the existing issued and paid up share capital of CSS of RM2,500,000 comprising 2,500,000 ordinary shares of RM1.00 each to RM3,500,000 comprising of 3,500,000 ordinary shares of RM1.00 each.
2. BACKGROUND INFORMATION
CSS was originally incorporated in Malaysia as Efficient Series Sdn bhd on 22nd January 2003 and has changed its name to Amtek Marketing Services SdnBbhd on 12th March 2003. Subsequently, it has changed its name to Cornell Sales & Service Sdn Bhd on 25th January 2007. CSS was being acquired by PHB on July 2006.
Following the subscription, the authorized capital of CSS was RM5,000,000 subdivided into 5,000,000 ordinary shares of RM1.00 each whilst the issued and paid-up capital of CSS was increased to RM3,500,000 divided into 3,500,000 ordinary shares of RM1.00 each.
The principal activity of CSS is distribution of electrical and electronic appliances.
3. RATIONALE FOR THE SUBSCRIPTION
The subscription would enable CSS to increase its capital base to better reflect the extent and nature of its principal activity. CSS is expected to contribute positively to the financial performance of the PHB Group in the long term.
4. FINANCIAL EFFECTS ON THE SUBSCRIPTION
The subscription does not have any effect on the issued and paid up capital of PHB and substantial shareholders' shareholdings. It also does not have any significant effect on the net assets, earnings and gearing of Pensonic for the current financial year.
5. APPROVAL
The subscription is not subject to the approval of the Shareholders of the Company.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of PENSONIC and/or persons connected to them has any interest, direct or indirect, in the subscription.
7. DIRECTORS' STATEMENT
Having considered the rationale and all other aspects of the subscription, the Board is of the opinion that it is in the best interest of the Company to proceed with the ODM Manufacturing Agreement.
This announcement is dated 28th October 2010.
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: SUBSCRIPTION BY PENSONIC HOLDINGS BERHAD ("PHB") FOR AND ADDITIONAL ONE MILLION (1,000,000) NEW ORDINARY SHARES OF RM1.OO EACH IN CORNELL SALES & SERVICE SDN BHD (CSS)
Contents: 1. INTRODUCTION
The Board of Directors of PHB wishes to announce that, the acquisition an additional 1,000,000 new ordinary shares of RM1.00 each in CSS for a consideration of RM800,000 in cash and RM200,000 which is satisfied by way of capitalization of amount owing by CSS to PHB. Subscription which involved the issuance of 1,000,000 new ordinary shares, has enlarged the existing issued and paid up share capital of CSS of RM2,500,000 comprising 2,500,000 ordinary shares of RM1.00 each to RM3,500,000 comprising of 3,500,000 ordinary shares of RM1.00 each.
2. BACKGROUND INFORMATION
CSS was originally incorporated in Malaysia as Efficient Series Sdn bhd on 22nd January 2003 and has changed its name to Amtek Marketing Services SdnBbhd on 12th March 2003. Subsequently, it has changed its name to Cornell Sales & Service Sdn Bhd on 25th January 2007. CSS was being acquired by PHB on July 2006.
Following the subscription, the authorized capital of CSS was RM5,000,000 subdivided into 5,000,000 ordinary shares of RM1.00 each whilst the issued and paid-up capital of CSS was increased to RM3,500,000 divided into 3,500,000 ordinary shares of RM1.00 each.
The principal activity of CSS is distribution of electrical and electronic appliances.
3. RATIONALE FOR THE SUBSCRIPTION
The subscription would enable CSS to increase its capital base to better reflect the extent and nature of its principal activity. CSS is expected to contribute positively to the financial performance of the PHB Group in the long term.
4. FINANCIAL EFFECTS ON THE SUBSCRIPTION
The subscription does not have any effect on the issued and paid up capital of PHB and substantial shareholders' shareholdings. It also does not have any significant effect on the net assets, earnings and gearing of Pensonic for the current financial year.
5. APPROVAL
The subscription is not subject to the approval of the Shareholders of the Company.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of PENSONIC and/or persons connected to them has any interest, direct or indirect, in the subscription.
7. DIRECTORS' STATEMENT
Having considered the rationale and all other aspects of the subscription, the Board is of the opinion that it is in the best interest of the Company to proceed with the ODM Manufacturing Agreement.
This announcement is dated 28th October 2010.
PENSONI - General Announcement
Announcement Type: General Announcement
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: SALE OF PROPERTIES BY WHOLLY OWNED SUBSIDIARY, KEAT RADIO CO SDN BHD TO A SHAREHOLDER OF PENSONIC HOLDINGS BERHAD
Contents: 1. INTRODUCTION
The Board of Directors of PHB wishes to announce that, our wholly owned subsidiary, Keat Radio Co Sdn Bhd has disposed its investment properties known as 44 & 46 Jalan Gemas and 24-B Jalan Terengganu to Ms Phnuah Farn Farn for a consideration of Malaysian Ringgit Three Hundred and Sixty Thousand Only (RM360,000).
2. BACKGROUND INFORMATION
All that piece of land known as Lot 2286 comprised in Geran 25869, Seksyen 6, Bandar Georgetown, North East District, Penang together with premises No 44 & 46 Jalan Gemas and 24-B Jalan Terengganu erected thereon (with sitting tenants) for a consideration of Malaysian Ringgit Three Hundred and Sixty Thousand Only (RM360,000).
3. RATIONALE FOR THE DISPOSAL OF INVESTMENT PROPERTIES
The Disposal represents an opportunity for Pensonic Group to unlock the value of assets which do not contribute towards the Group's core business of home electrical appliances. The Disposal would also free the Group from future holding and maintenance costs of the Investment Properties. The proceeds from the Disposal would provide future cash flow for the Group's working capital purposes, reduce its borrowings and/or contribute towards expansion of its core business.
4. FINANCIAL EFFECTS ON THE DISPOSAL OF INVESTMENT PROPERTIES
The disposal of investment properties does not have any effect on the issued and paid up capital of PHB and substantial shareholders' shareholdings. It also does not have any significant effect on the net assets, earnings and gearing of Pensonic for the current financial year.
5. APPROVAL
The disposal of investment properties is not subject to the approval of the Shareholders of the Company.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of PENSONIC and/or persons connected to them has any interest, direct or indirect, in the disposal of investment properties.
7. DIRECTORS' STATEMENT
Having considered the rationale and all other aspects of the subscription, the Board is of the opinion that it is in the best interest of the Company to proceed with the disposal of investment properties.
This announcement is dated 28th October 2010.
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Type: Announcement
Subject: SALE OF PROPERTIES BY WHOLLY OWNED SUBSIDIARY, KEAT RADIO CO SDN BHD TO A SHAREHOLDER OF PENSONIC HOLDINGS BERHAD
Contents: 1. INTRODUCTION
The Board of Directors of PHB wishes to announce that, our wholly owned subsidiary, Keat Radio Co Sdn Bhd has disposed its investment properties known as 44 & 46 Jalan Gemas and 24-B Jalan Terengganu to Ms Phnuah Farn Farn for a consideration of Malaysian Ringgit Three Hundred and Sixty Thousand Only (RM360,000).
2. BACKGROUND INFORMATION
All that piece of land known as Lot 2286 comprised in Geran 25869, Seksyen 6, Bandar Georgetown, North East District, Penang together with premises No 44 & 46 Jalan Gemas and 24-B Jalan Terengganu erected thereon (with sitting tenants) for a consideration of Malaysian Ringgit Three Hundred and Sixty Thousand Only (RM360,000).
3. RATIONALE FOR THE DISPOSAL OF INVESTMENT PROPERTIES
The Disposal represents an opportunity for Pensonic Group to unlock the value of assets which do not contribute towards the Group's core business of home electrical appliances. The Disposal would also free the Group from future holding and maintenance costs of the Investment Properties. The proceeds from the Disposal would provide future cash flow for the Group's working capital purposes, reduce its borrowings and/or contribute towards expansion of its core business.
4. FINANCIAL EFFECTS ON THE DISPOSAL OF INVESTMENT PROPERTIES
The disposal of investment properties does not have any effect on the issued and paid up capital of PHB and substantial shareholders' shareholdings. It also does not have any significant effect on the net assets, earnings and gearing of Pensonic for the current financial year.
5. APPROVAL
The disposal of investment properties is not subject to the approval of the Shareholders of the Company.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or Major Shareholders of PENSONIC and/or persons connected to them has any interest, direct or indirect, in the disposal of investment properties.
7. DIRECTORS' STATEMENT
Having considered the rationale and all other aspects of the subscription, the Board is of the opinion that it is in the best interest of the Company to proceed with the disposal of investment properties.
This announcement is dated 28th October 2010.
PENSONI - Quarterly rpt on consolidated results for the financial period ended 31/8/2010
Announcement Type: Financial Results
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI
Date Announced: 28/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
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