October 14, 2010

Company announcements: MYETFDJ, LIONCOR, GENM, SIGGAS, MSC, KENMARK, LIONFIB

MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 14-10-2010

Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 14-10-2010

Contents: Fund:MYETFDJ
NAV per unit (RM):0.9277
Units in Circulation (units):678,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:830.05

Attachments: Daily Fund Values 141010.pdf


LIONCOR - General Announcement

Announcement Type: General Announcement
Company Name: LION CORPORATION BERHAD
Stock Name: LIONCOR
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: Proposed disposal by the Company of its entire 50.01% equity interest in Kinabalu Motor Assembly Sendirian Berhad to MBM Resources Berhad or its nominee, for a total cash consideration of RM1 and a cash settlement of inter-company debts for an amount of approximately RM13 million.

Contents: The Board of Directors of Lion Corporation Berhad wishes to announce the proposed disposal by the Company of its entire 50.01% equity interest in Kinabalu Motor Assembly Sendirian Berhad comprising 19,275,030 ordinary shares of RM1.00 each fully paid, to MBM Resources Berhad, or its nominee, for a total cash consideration of RM1 and a cash settlement of inter-company debts of an amount of approximately RM13 million ("Proposed Disposal").

Further details of the Proposed Disposal is set out in the attachment.

Attachments: LCB - Proposed disposal of KMA.PDF


GENM - PROPOSED ACQUISITION OF CASINO BUSINESSES IN THE UNITED KINGDOM FROM GENTING SINGAPORE PLC

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: GENTING MALAYSIA BERHAD
Stock Name: GENM
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: PROPOSED ACQUISITION OF CASINO BUSINESSES IN THE UNITED KINGDOM FROM GENTING SINGAPORE PLC

Contents: -


SIGGAS - General Announcement

Announcement Type: General Announcement
Company Name: SIG GASES BERHAD
Stock Name: SIGGAS
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: SIG GASES BERHAD ("SIGGAS" or "the Company")
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPTs")

Contents: The Board of Directors of SIGGAS wishes to announce the RPPTs entered into by the Company's wholly-owned subsidiary between 9 August 2010 being the date of listing of SIGGAS to 30 September 2010.

Kindly refer to the attachment for further details.

This announcement is dated 14 October 2010.

Attachments: SIGGAS - Announcement RRPTs.pdf


MSC - AN UPDATE OF DEVELOPMENTS AT BCD RESOURCES NL AND THE STATUS OF MSC'S SHARE SALE TO BENDIGO MINING

Announcement Type: General Announcement
Company Name: MALAYSIA SMELTING CORPORATION BERHAD
Stock Name: MSC
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: AN UPDATE OF DEVELOPMENTS AT BCD RESOURCES NL AND
THE STATUS OF MSC'S SHARE SALE TO BENDIGO MINING

Contents: -


KENMARK - Winding Up of Kenmark Industrial Co. (M) Berhad and Appointment of Liquidators

Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: Winding Up of Kenmark Industrial Co. (M) Berhad and Appointment of Liquidators

Contents: At the Court hearing this morning in relation to the winding up petition by Export-Import Bank of Malaysia Berhad ("EXIM Bank"), the High Court has ordered that Kenmark Industrial Co (M) Berhad, be wound up by the Court under the provisions of the Companies Act, 1965 and that Mak Kum Choon (NRIC No.: 540331-07-5419) (Liquidator License No: 1478/08/12 (J/PH)] and Yeoh Siew Ming (NRIC No.: 671019-01-5518) (Liquidator License No: 2421/09/10 (J/PH)] both of Messrs Deloitte Corporate Solutions Sdn Bhd (Company No. 246101-X) at Level 19, Uptown 1, 1, Jalan SS 21/58, Damansara Uptown, 47400 Petaling Jaya, Selangor Darul Ehsan, jointly and
severally be appointed as Liquidators for Kenmark Industrial Co (M) Berhad (Company No. 173964-V).

EXIM Bank had on 8 June 2010 served a Notice pursuant to Section 218 of the Companies Act, 1965 ("the Act") on the Company for the sums of RM16,314,614.55 which is due and owing to the Bank pursuant to a line of revolving pre-shipment and post shipment supplier credit facility of RM15,000,000.00 granted to the Company. EXIM Bank had on 18 August 2010 through an ex-parte application through Summons in Chambers received the Court Order for the appointment of the Provisional Liquidators of the Company pending the full and final disposal of the winding up petition or until further order.

With the appointment of the Liquidators, the powers of the Board of Directors' and officers of the Company to deal with the Company's property or to manage its undertaking is suspended. However, the Directors' statutory obligations as Directors continue.

This announcement is dated 14 October 2010.


LIONFIB - General Announcement

Announcement Type: General Announcement
Company Name: LION FOREST INDUSTRIES BERHAD
Stock Name: LIONFIB
Date Announced: 14/10/2010

Announcement Detail:
Type: Announcement

Subject: LION FOREST INDUSTRIES BERHAD ("LFIB" or the "Company")

Proposed disposal by:

(1) the Company of its entire 20% equity interest in Kinabalu Motor Assembly Sendirian Berhad for a total cash consideration of RM1.

(2) Silverstone Corporation Berhad, an 84.16% owned subsidiary of the Company, of its entire 100% equity interest in Lion Motor Sdn Bhd for a total cash consideration of RM4 and a cash settlement of inter-company debts of an amount of approximately RM3 million.

Contents: The Board of Directors of LFIB wishes to announce that LFIB and Silverstone Corporation Berhad ("SCB") had on 14 October 2010 entered into two separate agreements in relation to the following proposed disposals respectively:-

(1) The proposed disposal by the Company of its entire 20% equity interest in Kinabalu Motor Assembly Sendirian Berhad comprising 7,710,000 ordinary shares of RM1.00 each fully paid, to MBM Resources Berhad ("MBMR") or its nominee for a total cash consideration of RM1 ("Proposed Disposal of KMA"); and

(2) The proposed disposal by SCB, an 84.16% owned subsidiary of the Company, of its entire 100% equity interest in Lion Motor Sdn Bhd ("Lion Motor") comprising 5,400,000 ordinary shares of RM1.00 each fully paid and by 3 subsidiaries of SCB, namely Range Grove Sdn Bhd, Innovasi Istimewa Sdn Bhd and CEDR Corporate Consulting Sdn Bhd, of a total of 100,000 preference shares of RM0.01 each fully paid, to MBMR or its nominee for a total cash consideration of RM4 and a cash settlement of inter-company debts of an amount of approximately RM3 million ("Proposed Disposal of Lion Motor");

(collectively referred to as "the Proposals").

Further details of the Proposals are set out in the attachment.

Attachments: LFIB - Proposed Disposals.PDF



1 comment:

  1. William Cheng is getting ready for election! Get hold of LionCor now!

    ReplyDelete