EONCAP - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 12/10/2010
Announcement Detail:
Date of change: 08/10/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Nicholas John Lough @ Sharif Lough bin Abdullay
Age: 58
Nationality: British/Malaysian PR
Qualifications: Gemologist FGA
- Gemology Association, Great Britain
NAG Diploma
- National Association Goldsmith London, Great Britain
Working experience and occupation: Melewar Corporation Berhad/Granite Industries Berhad
- Group Executive Director / Executive Director (1991 - 1992)
Melewar Leisure Sdn Bhd
- Group Executive Director (1991 - 1992)
Amanah Scott Capital Partners
- Director (1994 - 2001)
Melewar Corporation Berhad/PWT Industries Berhad
- Director (1990 - 1992)
Melewar Corporation Berhad
- Group Executive Director (1985 - 1993)
Mediconsult Planning & Consulting Services Sdn Bhd
- Director (since 1993)
Ranhill Berhad
- Executive Director (since 2006)
Directorship of public companies (if any): Ranhill Berhad
Langkawi Yacht Club Berhad
MAAKL Mutual Berhad
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Mr Wee Hoe Soon @ Gooi Hoe Soon (Independent Non-executive Director) - Chairman
2. Dr Zaha Rina binti Zahari (Independent Non-executive Director)- Member
3. Mr Nicholas John Lough @ Sharif Lough bin Abdullah (Independent Non-executive Director) - Member
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 12/10/2010
Announcement Detail:
Date of change: 08/10/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Nicholas John Lough @ Sharif Lough bin Abdullay
Age: 58
Nationality: British/Malaysian PR
Qualifications: Gemologist FGA
- Gemology Association, Great Britain
NAG Diploma
- National Association Goldsmith London, Great Britain
Working experience and occupation: Melewar Corporation Berhad/Granite Industries Berhad
- Group Executive Director / Executive Director (1991 - 1992)
Melewar Leisure Sdn Bhd
- Group Executive Director (1991 - 1992)
Amanah Scott Capital Partners
- Director (1994 - 2001)
Melewar Corporation Berhad/PWT Industries Berhad
- Director (1990 - 1992)
Melewar Corporation Berhad
- Group Executive Director (1985 - 1993)
Mediconsult Planning & Consulting Services Sdn Bhd
- Director (since 1993)
Ranhill Berhad
- Executive Director (since 2006)
Directorship of public companies (if any): Ranhill Berhad
Langkawi Yacht Club Berhad
MAAKL Mutual Berhad
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Mr Wee Hoe Soon @ Gooi Hoe Soon (Independent Non-executive Director) - Chairman
2. Dr Zaha Rina binti Zahari (Independent Non-executive Director)- Member
3. Mr Nicholas John Lough @ Sharif Lough bin Abdullah (Independent Non-executive Director) - Member
KENMARK - General Announcement
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad (Under Provisional Liquidation By Court) (the "Company")
- Withdrawal of Company's Application to set aside Court Order on Appointment of Provisional Liquidators
Contents: We refer to the announcement dated 25 August 2010 that the Company has taken legal advice and was taking steps to challenge the Court Order dated 18 August 2010 on appointment of provisional liquidators and authorised Messrs Ranjit Singh & Yeoh to take all necessary steps to set aside the Order.
The Malaysian Directors wish to announce that the Company will not oppose the winding-up petition filed by Export-Import Bank of Malaysia Berhad ("EXIM Bank") and hereby authorised Messrs. Ranjit Singh & Yeoh to withdraw the Company's application to set aside the provisional liquidators and further authorises Messrs. Ranjit Singh & Yeoh to offer no objection to the winding-up petition by EXIM Bank.
This announcement is dated 12 October 2010.
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad (Under Provisional Liquidation By Court) (the "Company")
- Withdrawal of Company's Application to set aside Court Order on Appointment of Provisional Liquidators
Contents: We refer to the announcement dated 25 August 2010 that the Company has taken legal advice and was taking steps to challenge the Court Order dated 18 August 2010 on appointment of provisional liquidators and authorised Messrs Ranjit Singh & Yeoh to take all necessary steps to set aside the Order.
The Malaysian Directors wish to announce that the Company will not oppose the winding-up petition filed by Export-Import Bank of Malaysia Berhad ("EXIM Bank") and hereby authorised Messrs. Ranjit Singh & Yeoh to withdraw the Company's application to set aside the provisional liquidators and further authorises Messrs. Ranjit Singh & Yeoh to offer no objection to the winding-up petition by EXIM Bank.
This announcement is dated 12 October 2010.
PETRA - General Announcement
Announcement Type: General Announcement
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 12/10/2010
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 28 September 2010, the Company wishes to announce that the High Court has fixed trial dates of the Suit on 11 January 2011 and 12 January 2011. The Case Management before the High Court Judge is maintained on 22 November 2010 for all parties to comply with the court's directions in respect of the Suit.
This announcement is dated 12 October 2010.
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 12/10/2010
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 28 September 2010, the Company wishes to announce that the High Court has fixed trial dates of the Suit on 11 January 2011 and 12 January 2011. The Case Management before the High Court Judge is maintained on 22 November 2010 for all parties to comply with the court's directions in respect of the Suit.
This announcement is dated 12 October 2010.
ASTINO - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: ASTINO BERHAD
Stock Name: ASTINO
Date Announced: 12/10/2010
Announcement Detail:
Date of buy back: 12/10/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 103,400
Minimum price paid for each share purchased ($$): 0.670
Maximum price paid for each share purchased ($$): 0.690
Total consideration paid ($$): 70,366.00
Number of shares purchased retained in treasury (units): 103,400
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,768,104
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.75
Company Name: ASTINO BERHAD
Stock Name: ASTINO
Date Announced: 12/10/2010
Announcement Detail:
Date of buy back: 12/10/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 103,400
Minimum price paid for each share purchased ($$): 0.670
Maximum price paid for each share purchased ($$): 0.690
Total consideration paid ($$): 70,366.00
Number of shares purchased retained in treasury (units): 103,400
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,768,104
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 (%): 2.75
LBICAP - General Announcement
Announcement Type: General Announcement
Company Name: LBI CAPITAL BERHAD
Stock Name: LBICAP
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: LBI CAPITAL BHD ("LBI" or the "COMPANY")
PROPOSED ACQUISITION OF LAND FROM PERSATUAN BEKAS TENTERA MALAYSIA BAHAGIAN NEGERI SELANGOR FOR A CASH CONSIDERATION OF RM12,917,835 ("PBTNS") ("PROPOSED ACQUISITION")
Contents: 1. INTRODUCTION
The Board of Directors of LBI, is pleased to announce that Triple Equity Sdn Bhd (Company No.: 722979-U)("TESB or the Purchaser"), a wholly-owned subsidiary of LBI, had on 11 Oct. 2010 entered into a conditional sale and purchase agreement ("SPA") with Persatuan Bekas Tentera Malaysia Bahagian Negeri Selangor ("PBTNS or the Vendor") for the acquisition of a half share (1/2) in a piece of vacant commercial leasehold land held under H.S (D) 198274, PT 17 Seksyen 14, Bandar Shah Alam, Daerah Petaling, Negeri Selangor ("the said land"), measuring approximately 112,329 sq ft (2.579 acres) for a total cash consideration of RM12,917,835.
Further details of the Proposed Acquisition are set out in the ensuing paragraphs.
2. PROPOSED ACQUISITION
2.1 Details of the Proposed Acquisition
Pursuant to the SPA, the total cash consideration of RM12,917,835 to be satisfied in cash by TESB in the following manner:-
(a) A sum of RM1,291,783.50 was paid by TESB to the Vendor's solicitor as a stakeholder upon execution of the SPA;
and
(b) the balance of RM11,626,051.50 shall be paid by TESB to vendor's solicitor as stakeholder for the Vendor within the period of 3 months from the the date of this agreement become unconditional, failing which the Vendor shall grant to the Purchaser an extension of one (1) month to complete the transaction provided always that the Purchaser shall pay interest at the interest rate of 8% per annum on all sum remaining outstanding.
2.2 Basis of purchase consideration
The purchase consideration was based on a "willing-buyer willing-seller" basis.
2.3 Mode of satisfaction of the purchase consideration
The purchase consideration will be satisfied by way of cash from internally generated funds and bank borrowings.
2.4 Other salient terms
The other salient terms of the SPA are set out below:-
(i) The SPA is conditional upon the Vendor's fulfilment of the following terms and condition within 6 months from the date of this Agreement and thereafter such further extension as the parties herein may mutually agree in writing:
a) the Vendor shall at the Vendor's own cost and expenses obtain the consent from the State Authority for the transfer of the sub-divided title of the said land to the Purchaser .
b) The Vendor shall at the Vendor's own cost and expenses obtain a written confirmation from PKNS (the land proprietor on the master title) on the completion of the earlier sale and purchase agreement between the vendor and PKNS and PKNS has no claims whatsoever on the said land.
c) The Vendor shall upon payment of the deposit by the purchaser, immediately apply through PKNS for an approval for sub-division and issuance of separate individual title for the said land and deposit the individual title with the Vendor's solicitor.
The SPA shall become unconditional upon the Vendor fulfilling the above conditions.
(ii) In the event that the Condition Precedent is not fulfilled within a period of 6 months from the date of the SPA or such extended time as the parties may mutually agree in writing, the purchaser may by notice in writing to the vendor, rescind the SPA of which the SPA shall become null and void and of no further force or effect and neither party shall have any claim against the other and the Vendor shall forthwith refund or cause to be refunded all monies paid by the Purchase to the Vendor within 14 days of receipt of the Purchasers or the Purchaser's solicitors written request for the same.
3. INFORMATION ON THE LAND
The said land form part of a master title held under leasehold commercial building land held under H.S (D) 198274, PT 17 Seksyen 14, Bandar Shah Alam, Daerah Petaling, Negeri Selangor, measuring approximately 239,523 sq sf (5.499 acres). The said land measuring 112,329 sq ft has yet to be sub-divided from the master title and the lease is expiring on 7 January 2103.
The Property is located next to Shah Alam Post Office along Persiaran Dato' Menteri, Shah Alam with the back of the said land facing the Federal Highway and along the slip road from Persiaran Sultan, Shah Alam. It is easily accessible through the Federal Highway. It lies approximately 6 kilometres to the Subang Jaya and 20 kilometres to Kuala Lumpur city centre.
4. INFORMATION OF PBTNS
PBTNS was incorporated in Malaysia under the Society Act 1966. PBTNS has its registered office at Tingkat 3, Wisma Pahlawan, Jalan Sulaiman, 50000 Kuala Lumpur
PBTNS's is a welfare organization that look after the interest of the retired army personnel.
The present principal officers of PBTNS are as follows:
a) Haji Mohd Din Bin Haji Husnin (Yang DiPertua)
b) Abdul Rashid Bin Haji Ahmad (Timbalan Yang DiPertua)
c) Abdul Karim Bin Shaharudin (Secretary)
5. COST OF INVESTMENT
The original cost of investment(s) to PBTNS is RM4,248,998.05 which was made on 24 Jun 2009.
6. RATIONALE
The property acquisition is to enhance LBI's property development activities in view of the completion of most of its projects. TESB plans to develop the said land into commercial complex and offices.
The acquisition will increased the development land of the Group and will contribute higher earning in the near future.
7. RISKS
7.1 Business Risk
The inherent risk of the property development sector include shortages of building material, building material cost increases, labour costs, shortages of labour including foreign workers, slow collection and availability of bank borrowings.
Although LBI Group seeks to limit these risks, no assurance can be given that any change in these factors will not have a material adverse impact on the LBI Group.
7.2 Competition
Despite the government's stimulus packages to stimulate consumer demand as well as the current low mortgage rates environment, the property market normally would subject to fluctuation in buyer sentiment and supply condition in a particular area where the property is located.
7.3 Delay In Completion Of Projects
Development projects are subject to various regulatory approvals and the completion of development projects on time is dependent on many external factors, such as uninterrupted adequate labour supply by the contractors, weather conditions, obtaining the regulatory approvals as scheduled, securing construction materials in adequate amounts, favourable credit terms and satisfactory performance of building contractors which may be appointed to complete the development projects.
There can be no assurance that these factors will not lead to unforeseen significant delays in completion of the projects. These delays may have a direct impact on LBI Group's future profitability.
8. EFFECTS OF THE PROPOSED ACQUISITION
Share Capital
There will be no effect to the share capital of LBI as the Proposed Acquisition is entirely satisfied by cash and does not involve any new issuance of new ordinary shares in LBI.
Earnings
The development prospects of the Property pursuant to the Proposed Acquisition are expected to contribute positively to the earnings of LBI Group in the future. However, at this juncture, LBI is not able to determine the extent of the earnings contribution resulting from the Proposed Acquisition.
Substantial Shareholders
There will not be any effect to the substantial shareholders of the Company as the Proposed Acquisition does not involve any new issuance of LBI Shares.
Net Tangible Asset ("NTA")
There will be no effect to the NTA position of the Company as the Proposed Acquisition will be satisfied entirely via cash.
9. COMPLETION DATE
The Proposed Acquisition is expected to be completed within 3 months from the date of the SPA become unconditional.
10. APPROVALS
The Proposed Acquisition is not subject to shareholder approval.
11. DEPARTURE FROM THE SC GUIDELINES
To the best knowledge of the Board, the Proposed Acquisition does not have any departure from the SC Guidelines.
12. DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS
None of the directors, major shareholders and/or any person connected with them have any interest, direct or indirect, in the Proposed Acquisition.
13. DIRECTORS RECOMMENDATION
The Board of LBI is of the opinion that the Proposed Acquisition is in the best interest of the LBI Group.
14. DOCUMENTS FOR INSPECTION
The SPA may be inspected at the registered office of LBI at Lot 1282, Jalan Bukit Kemuning, Seksyen 32, 40460 Shah Alam, 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.
Company Name: LBI CAPITAL BERHAD
Stock Name: LBICAP
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: LBI CAPITAL BHD ("LBI" or the "COMPANY")
PROPOSED ACQUISITION OF LAND FROM PERSATUAN BEKAS TENTERA MALAYSIA BAHAGIAN NEGERI SELANGOR FOR A CASH CONSIDERATION OF RM12,917,835 ("PBTNS") ("PROPOSED ACQUISITION")
Contents: 1. INTRODUCTION
The Board of Directors of LBI, is pleased to announce that Triple Equity Sdn Bhd (Company No.: 722979-U)("TESB or the Purchaser"), a wholly-owned subsidiary of LBI, had on 11 Oct. 2010 entered into a conditional sale and purchase agreement ("SPA") with Persatuan Bekas Tentera Malaysia Bahagian Negeri Selangor ("PBTNS or the Vendor") for the acquisition of a half share (1/2) in a piece of vacant commercial leasehold land held under H.S (D) 198274, PT 17 Seksyen 14, Bandar Shah Alam, Daerah Petaling, Negeri Selangor ("the said land"), measuring approximately 112,329 sq ft (2.579 acres) for a total cash consideration of RM12,917,835.
Further details of the Proposed Acquisition are set out in the ensuing paragraphs.
2. PROPOSED ACQUISITION
2.1 Details of the Proposed Acquisition
Pursuant to the SPA, the total cash consideration of RM12,917,835 to be satisfied in cash by TESB in the following manner:-
(a) A sum of RM1,291,783.50 was paid by TESB to the Vendor's solicitor as a stakeholder upon execution of the SPA;
and
(b) the balance of RM11,626,051.50 shall be paid by TESB to vendor's solicitor as stakeholder for the Vendor within the period of 3 months from the the date of this agreement become unconditional, failing which the Vendor shall grant to the Purchaser an extension of one (1) month to complete the transaction provided always that the Purchaser shall pay interest at the interest rate of 8% per annum on all sum remaining outstanding.
2.2 Basis of purchase consideration
The purchase consideration was based on a "willing-buyer willing-seller" basis.
2.3 Mode of satisfaction of the purchase consideration
The purchase consideration will be satisfied by way of cash from internally generated funds and bank borrowings.
2.4 Other salient terms
The other salient terms of the SPA are set out below:-
(i) The SPA is conditional upon the Vendor's fulfilment of the following terms and condition within 6 months from the date of this Agreement and thereafter such further extension as the parties herein may mutually agree in writing:
a) the Vendor shall at the Vendor's own cost and expenses obtain the consent from the State Authority for the transfer of the sub-divided title of the said land to the Purchaser .
b) The Vendor shall at the Vendor's own cost and expenses obtain a written confirmation from PKNS (the land proprietor on the master title) on the completion of the earlier sale and purchase agreement between the vendor and PKNS and PKNS has no claims whatsoever on the said land.
c) The Vendor shall upon payment of the deposit by the purchaser, immediately apply through PKNS for an approval for sub-division and issuance of separate individual title for the said land and deposit the individual title with the Vendor's solicitor.
The SPA shall become unconditional upon the Vendor fulfilling the above conditions.
(ii) In the event that the Condition Precedent is not fulfilled within a period of 6 months from the date of the SPA or such extended time as the parties may mutually agree in writing, the purchaser may by notice in writing to the vendor, rescind the SPA of which the SPA shall become null and void and of no further force or effect and neither party shall have any claim against the other and the Vendor shall forthwith refund or cause to be refunded all monies paid by the Purchase to the Vendor within 14 days of receipt of the Purchasers or the Purchaser's solicitors written request for the same.
3. INFORMATION ON THE LAND
The said land form part of a master title held under leasehold commercial building land held under H.S (D) 198274, PT 17 Seksyen 14, Bandar Shah Alam, Daerah Petaling, Negeri Selangor, measuring approximately 239,523 sq sf (5.499 acres). The said land measuring 112,329 sq ft has yet to be sub-divided from the master title and the lease is expiring on 7 January 2103.
The Property is located next to Shah Alam Post Office along Persiaran Dato' Menteri, Shah Alam with the back of the said land facing the Federal Highway and along the slip road from Persiaran Sultan, Shah Alam. It is easily accessible through the Federal Highway. It lies approximately 6 kilometres to the Subang Jaya and 20 kilometres to Kuala Lumpur city centre.
4. INFORMATION OF PBTNS
PBTNS was incorporated in Malaysia under the Society Act 1966. PBTNS has its registered office at Tingkat 3, Wisma Pahlawan, Jalan Sulaiman, 50000 Kuala Lumpur
PBTNS's is a welfare organization that look after the interest of the retired army personnel.
The present principal officers of PBTNS are as follows:
a) Haji Mohd Din Bin Haji Husnin (Yang DiPertua)
b) Abdul Rashid Bin Haji Ahmad (Timbalan Yang DiPertua)
c) Abdul Karim Bin Shaharudin (Secretary)
5. COST OF INVESTMENT
The original cost of investment(s) to PBTNS is RM4,248,998.05 which was made on 24 Jun 2009.
6. RATIONALE
The property acquisition is to enhance LBI's property development activities in view of the completion of most of its projects. TESB plans to develop the said land into commercial complex and offices.
The acquisition will increased the development land of the Group and will contribute higher earning in the near future.
7. RISKS
7.1 Business Risk
The inherent risk of the property development sector include shortages of building material, building material cost increases, labour costs, shortages of labour including foreign workers, slow collection and availability of bank borrowings.
Although LBI Group seeks to limit these risks, no assurance can be given that any change in these factors will not have a material adverse impact on the LBI Group.
7.2 Competition
Despite the government's stimulus packages to stimulate consumer demand as well as the current low mortgage rates environment, the property market normally would subject to fluctuation in buyer sentiment and supply condition in a particular area where the property is located.
7.3 Delay In Completion Of Projects
Development projects are subject to various regulatory approvals and the completion of development projects on time is dependent on many external factors, such as uninterrupted adequate labour supply by the contractors, weather conditions, obtaining the regulatory approvals as scheduled, securing construction materials in adequate amounts, favourable credit terms and satisfactory performance of building contractors which may be appointed to complete the development projects.
There can be no assurance that these factors will not lead to unforeseen significant delays in completion of the projects. These delays may have a direct impact on LBI Group's future profitability.
8. EFFECTS OF THE PROPOSED ACQUISITION
Share Capital
There will be no effect to the share capital of LBI as the Proposed Acquisition is entirely satisfied by cash and does not involve any new issuance of new ordinary shares in LBI.
Earnings
The development prospects of the Property pursuant to the Proposed Acquisition are expected to contribute positively to the earnings of LBI Group in the future. However, at this juncture, LBI is not able to determine the extent of the earnings contribution resulting from the Proposed Acquisition.
Substantial Shareholders
There will not be any effect to the substantial shareholders of the Company as the Proposed Acquisition does not involve any new issuance of LBI Shares.
Net Tangible Asset ("NTA")
There will be no effect to the NTA position of the Company as the Proposed Acquisition will be satisfied entirely via cash.
9. COMPLETION DATE
The Proposed Acquisition is expected to be completed within 3 months from the date of the SPA become unconditional.
10. APPROVALS
The Proposed Acquisition is not subject to shareholder approval.
11. DEPARTURE FROM THE SC GUIDELINES
To the best knowledge of the Board, the Proposed Acquisition does not have any departure from the SC Guidelines.
12. DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS
None of the directors, major shareholders and/or any person connected with them have any interest, direct or indirect, in the Proposed Acquisition.
13. DIRECTORS RECOMMENDATION
The Board of LBI is of the opinion that the Proposed Acquisition is in the best interest of the LBI Group.
14. DOCUMENTS FOR INSPECTION
The SPA may be inspected at the registered office of LBI at Lot 1282, Jalan Bukit Kemuning, Seksyen 32, 40460 Shah Alam, 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.
GADANG - General Announcement
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 4 October 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person had on 12 October 2010 informed the Company of his dealings in the securities of the Company as per the table below:-
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 4 October 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person had on 12 October 2010 informed the Company of his dealings in the securities of the Company as per the table below:-
FSBM - PROPOSED ACQUISITION AND SUBSCRIPTION OF SHARES IN IDAMAN DOTCOM SDN BHD (ADDITIONAL)
Announcement Type: General Announcement
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED ACQUISITION AND SUBSCRIPTION OF SHARES IN IDAMAN DOTCOM SDN BHD (ADDITIONAL)
Contents: Further to our announcement made on 5th October 2010 Board of Directors of FSBM Holdings Berhad("the Company") is pleased to announce that upon completion of the Proposed Acquisition and Subscription, Idaman Dotcom Sdn Bhd shall be a 20% owned associate of the Company.
The highest percentage ratio applicable to the Proposed Acquisition and Subscription pursuant to paragraph 10.02 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.003%.
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED ACQUISITION AND SUBSCRIPTION OF SHARES IN IDAMAN DOTCOM SDN BHD (ADDITIONAL)
Contents: Further to our announcement made on 5th October 2010 Board of Directors of FSBM Holdings Berhad("the Company") is pleased to announce that upon completion of the Proposed Acquisition and Subscription, Idaman Dotcom Sdn Bhd shall be a 20% owned associate of the Company.
The highest percentage ratio applicable to the Proposed Acquisition and Subscription pursuant to paragraph 10.02 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.003%.
FSBM - Update on Litigation Against Technitium Sdn Bhd (TSB)
Announcement Type: General Announcement
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Update on Litigation Against Technitium Sdn Bhd (TSB)
Contents: FSBM Ctech Sdn Bhd a wholly owned subsidiary of FSBM Holdings Berhad and TSB have filed in their respective written submissions for application to stay proceedings pending arbitration. The Judge has fixed the matter for clarification on 3rd November 2010.
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 12/10/2010
Announcement Detail:
Type: Announcement
Subject: Update on Litigation Against Technitium Sdn Bhd (TSB)
Contents: FSBM Ctech Sdn Bhd a wholly owned subsidiary of FSBM Holdings Berhad and TSB have filed in their respective written submissions for application to stay proceedings pending arbitration. The Judge has fixed the matter for clarification on 3rd November 2010.
LAYHONG - LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 12/10/2010
Announcement Detail:
Subject: LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 74,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Thursday, 14 October 2010.
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 12/10/2010
Announcement Detail:
Subject: LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 74,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Thursday, 14 October 2010.
MAXBIZ - MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY") - APPOINTMENT OF INVESTIGATION ADVISOR
Announcement Type: General Announcement
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 12/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101011-51091
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- APPOINTMENT OF INVESTIGATION ADVISOR
Contents: Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 25 February 2010 and 3 March 2010.
The Board of Directors ("the Board") of MAXBIZ refers to the query letter dated 11 October 2010 from Bursa Malaysia Securities Berhad in relation to the Company's announcement dated 8 October 2010 regarding to the Appointment of Investigation Advisor. The Company wishes to provide the following additional information requested for public release:-
1) The Board received the full report ("Investigation Report") from Messrs. Ferrier Hodgson MH Sdn Bhd on 30 September 2010.
2) The entire listing exercise had traces of fraud, misrepresentation and negligence.
3) The Company had concurred with its solicitors who shall commence legal proceedings to address the findings of the Investigation Report. The identities of the parties would be the Merchant Bank, the Reporting Accountant, the Financial Advisers, the Due Diligence Lawyers, the vendors of M.K.K. Industries Sdn. Bhd. and Mayford Garments Sdn. Bhd., the Trustees of the RCSLS and RULS, the former board of directors of Geahin Engineering Berhad and the promoters of MAXBIZ.
4) The key findings of the Investigation Report are not expected to have any direct financial or operational impact to the Group as the findings relate to events which have occurred in the past. However, in the event if the Company is successful in obtaining damages from the parties that have defrauded the Company, a significant positive financial impact is expected. Furthermore, in the event that the Company is successful in recovering its missing assets, this is expected to have a significant positive impact on its operations as its production capacity will be immediately enhanced.
5) Currently, the Board has not decided on any other course of action other than the legal action stated earlier.
6) No other material information is available at this time.
This announcement is dated 12 October 2010.
Query Letter content: We refer to your Company's announcement dated 8 October 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Date of submission of full investigation report to the Board of Maxbiz;
Key findings or issues highlighted in the investigation report;
Types of legal action that Maxbiz decided to proceed and the identity of the
parties concerned;
Whether the key findings of the investigation report will have any financial
and operational impact to the Group;
Whether there are any other actions or steps to be taken by Maxbiz, apart from
the legal action, to address the key findings on the investigation report; and
Any other material information that will assist the shareholders and investors
in making an informed investment decision.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 12/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101011-51091
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- APPOINTMENT OF INVESTIGATION ADVISOR
Contents: Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 25 February 2010 and 3 March 2010.
The Board of Directors ("the Board") of MAXBIZ refers to the query letter dated 11 October 2010 from Bursa Malaysia Securities Berhad in relation to the Company's announcement dated 8 October 2010 regarding to the Appointment of Investigation Advisor. The Company wishes to provide the following additional information requested for public release:-
1) The Board received the full report ("Investigation Report") from Messrs. Ferrier Hodgson MH Sdn Bhd on 30 September 2010.
2) The entire listing exercise had traces of fraud, misrepresentation and negligence.
3) The Company had concurred with its solicitors who shall commence legal proceedings to address the findings of the Investigation Report. The identities of the parties would be the Merchant Bank, the Reporting Accountant, the Financial Advisers, the Due Diligence Lawyers, the vendors of M.K.K. Industries Sdn. Bhd. and Mayford Garments Sdn. Bhd., the Trustees of the RCSLS and RULS, the former board of directors of Geahin Engineering Berhad and the promoters of MAXBIZ.
4) The key findings of the Investigation Report are not expected to have any direct financial or operational impact to the Group as the findings relate to events which have occurred in the past. However, in the event if the Company is successful in obtaining damages from the parties that have defrauded the Company, a significant positive financial impact is expected. Furthermore, in the event that the Company is successful in recovering its missing assets, this is expected to have a significant positive impact on its operations as its production capacity will be immediately enhanced.
5) Currently, the Board has not decided on any other course of action other than the legal action stated earlier.
6) No other material information is available at this time.
This announcement is dated 12 October 2010.
Query Letter content: We refer to your Company's announcement dated 8 October 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Date of submission of full investigation report to the Board of Maxbiz;
Key findings or issues highlighted in the investigation report;
Types of legal action that Maxbiz decided to proceed and the identity of the
parties concerned;
Whether the key findings of the investigation report will have any financial
and operational impact to the Group;
Whether there are any other actions or steps to be taken by Maxbiz, apart from
the legal action, to address the key findings on the investigation report; and
Any other material information that will assist the shareholders and investors
in making an informed investment decision.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
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