ANCOMLB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: ANCOM LOGISTICS BERHAD (ACE Market)
Stock Name: ANCOMLB
Date Announced: 23/11/2010
Announcement Detail:
Regularisation Sponsor: Maybank Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: ANCOM LOGISTICS BERHAD ("ALB") (FORMERLY KNOWN AS TAMCO CORPORATE HOLDINGS BERHAD)
I. PROPOSED DISPOSAL;
II. PROPOSED CAPITAL REDUCTION;
III. PROPOSED ACQUISITION OF STL GROUP;
IV. PROPOSED EXEMPTION; AND
V. PROPOSED SPECIAL ISSUE
(HEREIN COLLECTIVELY REFERRED TO AS THE "PROPOSED RESTRUCTURING SCHEME")
Contents: For consistency, the abbreviations used hereafter throughout this announcement shall have the same meaning as defined in the announcement dated 16 November 2009 unless stated otherwise.
Reference is made to the announcements dated 16 November 2009, 24 December 2009, 4 January 2010, 28 January 2010, 29 January 2010, 4 February 2010, 3 March 2010, 13 April 2010, 25 June 2010, 13 August 2010, 7 September 2010 and 18 October 2010 in relation to the Proposed Restructuring Scheme of ALB.
On behalf of the Board of ALB, Maybank IB wishes to announce that the High Court of Malaya had on 4 November 2010 confirmed and sanctioned the Company's Petition for an Order for reduction of the Company's share capital pursuant to Section 64(1) of the Act in respect of the Proposed Capital Reduction.
The Company has lodged the sealed copy of the Order confirming and approving the capital reduction with the Companies Commission of Malaysia on 23 November 2010.
This announcement is dated 23 November 2010.
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: ANCOM LOGISTICS BERHAD (ACE Market)
Stock Name: ANCOMLB
Date Announced: 23/11/2010
Announcement Detail:
Regularisation Sponsor: Maybank Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: ANCOM LOGISTICS BERHAD ("ALB") (FORMERLY KNOWN AS TAMCO CORPORATE HOLDINGS BERHAD)
I. PROPOSED DISPOSAL;
II. PROPOSED CAPITAL REDUCTION;
III. PROPOSED ACQUISITION OF STL GROUP;
IV. PROPOSED EXEMPTION; AND
V. PROPOSED SPECIAL ISSUE
(HEREIN COLLECTIVELY REFERRED TO AS THE "PROPOSED RESTRUCTURING SCHEME")
Contents: For consistency, the abbreviations used hereafter throughout this announcement shall have the same meaning as defined in the announcement dated 16 November 2009 unless stated otherwise.
Reference is made to the announcements dated 16 November 2009, 24 December 2009, 4 January 2010, 28 January 2010, 29 January 2010, 4 February 2010, 3 March 2010, 13 April 2010, 25 June 2010, 13 August 2010, 7 September 2010 and 18 October 2010 in relation to the Proposed Restructuring Scheme of ALB.
On behalf of the Board of ALB, Maybank IB wishes to announce that the High Court of Malaya had on 4 November 2010 confirmed and sanctioned the Company's Petition for an Order for reduction of the Company's share capital pursuant to Section 64(1) of the Act in respect of the Proposed Capital Reduction.
The Company has lodged the sealed copy of the Order confirming and approving the capital reduction with the Companies Commission of Malaysia on 23 November 2010.
This announcement is dated 23 November 2010.
KANNAL - Restraining Order Pursuant to Section 176 of the Companies Act, 1965
Announcement Type: General Announcement
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 23/11/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: Restraining Order Pursuant to Section 176 of the Companies Act, 1965
Contents: The Board of Directors of Kannaltec Berhad ("the Company") wishes to inform that the Company and its subsidiaries i.e Obnet Sdn Bhd and Virtualnet Securespeed Sdn Bhd had obtained a restraining order granted by the Kuala Lumpur High Court pursuant to Section 176 of the Companies Act, 1965 to the Company for a period of sixty (60) days from 19 November 2010 to 18 January 2011. As per the order, the Company is required to convene a meeting with the Creditors of the above mentioned companies within ninety (90) days from the date of the restraining order.
The Restraining Order is not expected to have any material impact on the financial and operational matters of the Company in view that the Restraining Order is to facilitate the finalization of the Company's proposed corporate and debt restructuring scheme, the details of which will be announced in due course.
This announcement is dated 23 November 2010
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 23/11/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: Restraining Order Pursuant to Section 176 of the Companies Act, 1965
Contents: The Board of Directors of Kannaltec Berhad ("the Company") wishes to inform that the Company and its subsidiaries i.e Obnet Sdn Bhd and Virtualnet Securespeed Sdn Bhd had obtained a restraining order granted by the Kuala Lumpur High Court pursuant to Section 176 of the Companies Act, 1965 to the Company for a period of sixty (60) days from 19 November 2010 to 18 January 2011. As per the order, the Company is required to convene a meeting with the Creditors of the above mentioned companies within ninety (90) days from the date of the restraining order.
The Restraining Order is not expected to have any material impact on the financial and operational matters of the Company in view that the Restraining Order is to facilitate the finalization of the Company's proposed corporate and debt restructuring scheme, the details of which will be announced in due course.
This announcement is dated 23 November 2010
INSBIO - STATUS UPDATE ON MEMORANDUM OF UNDERSTANDINGS
Announcement Type: General Announcement
Company Name: INS BIOSCIENCE BERHAD (ACE Market)
Stock Name: INSBIO
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: STATUS UPDATE ON MEMORANDUM OF UNDERSTANDINGS
Contents: The Board of Directors of INS Bioscience Berhad ("INSBIO") wishes to announce the following:-
Memorandum of Understanding ("MOU") signed between INSBIO and:-
i. Tonghua Dongbao Pharmaceutical Co. Ltd.
INSBIO had submitted the product registration for Ganshulin to National Pharmaceutical Control Bureau and pending for approval.
ii. Southern Medical University
There is no further development on the MOU.
This announcement is dated 23 November 2010.
Company Name: INS BIOSCIENCE BERHAD (ACE Market)
Stock Name: INSBIO
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: STATUS UPDATE ON MEMORANDUM OF UNDERSTANDINGS
Contents: The Board of Directors of INS Bioscience Berhad ("INSBIO") wishes to announce the following:-
Memorandum of Understanding ("MOU") signed between INSBIO and:-
i. Tonghua Dongbao Pharmaceutical Co. Ltd.
INSBIO had submitted the product registration for Ganshulin to National Pharmaceutical Control Bureau and pending for approval.
ii. Southern Medical University
There is no further development on the MOU.
This announcement is dated 23 November 2010.
INSBIO - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: INS BIOSCIENCE BERHAD (ACE Market)
Stock Name: INSBIO
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 2
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: INS BIOSCIENCE BERHAD (ACE Market)
Stock Name: INSBIO
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 2
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
GENTING - GENTING BERHAD ("GENT" OR THE "COMPANY") CESSATION OF SUBSIDIARY
Announcement Type: General Announcement
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: GENTING BERHAD ("GENT" OR THE "COMPANY")
CESSATION OF SUBSIDIARY
Contents: The Board of Directors ("Board") of GENT wishes to announce that on 23 November 2010, its wholly-owned subsidiary, Genting Intellectual Property Pte Ltd ("GIP") and Resorts World Inc Pte Ltd ("RWI"), a wholly-owned subsidiary of GIP, entered into a share subscription agreement ("SSA") with Genting International Management Limited ("GIML"), Star Market Holdings Limited ("SMHL"), Resorts World Enterprise Limited ("RWEL") and KHRV Limited ("KHRV") (collectively, the "Investors") pursuant to which:
(i) each Investor will subscribe for 750,000 shares in RWI representing 20% of the enlarged equity in RWI for a consideration of S$750,000; and
(ii) GIP will subscribe for 749,999 shares in RWI, which together with the 1 share currently owned by GIP in RWI, represents a 20% interest in the enlarged equity in RWI for a consideration of S$749,999,
subject to the terms and conditions of the SSA.
RWI is a company incorporated in Singapore with an issued and paid-up share capital of S$1 comprising 1 share. RWL is presently a wholly-owned subsidiary of GIP, which in turn is a wholly-owned subsidiary of GENT. GIML is a wholly-owned subsidiary of Genting Singapore PLC ("GENS"), (a company listed on The Singapore Exchange Securities Trading Limited), which in turn is a 51.7%-owned subsidiary of GENT. SMHL is a wholly-owned subsidiary of Genting Hong Kong Limited ("GENHK") (a company listed on The Stock Exchange of Hong Kong Limited), which in turn is a 18.7%-owned investee company of GENT. RWEL is an indirect wholly-owned subsidiary of Genting Malaysia Berhad ("GENM") (a company listed on Bursa Malaysia Securities Berhad), which in turn is a 49.3%-owned company of GENT. KHRV is a company wholly owned by Golden Hope Limited ("GHL"), acting as trustee of the Golden Hope Unit Trust, a private trust established in the Isle of Man. GHL is a major shareholder of GENHK.
SSA was completed today. As such, RWI ceased to be a subsidiary of GENT and will be accounted for as an associated company of GENT.
The proposed transaction will enable all the Investors to come together to jointly promote the "GENTING" and "RESORTS WORLD" brand and related intellectual property rights (collectively, "Group IP") internationally and to pool their respective expertise to enhance and unlock the value of the Group IP. This will allow for centralization and coordination of efforts in growing the Group IP via a single team at RWI, and thereby reducing inter-group competition for licensing arrangements, and facilitating the exploitation of the Group IP in a more efficient and coordinated manner.
The proposed transaction will not have any material effect on the consolidated earnings and net assets of GENT for the financial year ending 31 December 2010.
Save as disclosed below, none of the Directors of GENT or persons connected to them have any interest, direct or indirect, in the proposed transaction:
(a) Tan Sri Lim Kok Thay ("TSLKT") is the Chairman, Chief Executive and share option holder of GENT, with a direct shareholding of 0.27% in GENT. He is also:
- a director of GIML and the Executive Chairman and share option holder of GENS, with a direct shareholding of 0.03% in GENS;
- the Chairman, Chief Executive Officer and share option holder of GENHK, with direct and indirect shareholdings of 4.67% and 71.52% respectively in GENHK;
- the Chairman, Chief Executive and share option holder of GENM, with a direct shareholding of 0.03% in GENM; and
- a Director of GHL which acts as trustee of a private unit trust the voting units of which are ultimately owned by a discretionary trust in which TSLKT is a beneficiary.
Accordingly, TSLKT is deemed interested in the proposed transaction and has abstained from deliberating and voting on the resolution pertaining to it at the GENT Board meeting.
(b) Tun Mohammed Hanif bin Omar is also the Deputy Chairman and share option holder of GENM, with a direct shareholding of less than 0.01% in GENM.
None of the major shareholders of GENT or persons connected to them have any interest, direct or indirect, in the proposed transaction.
This announcement is dated 23 November 2010.
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: GENTING BERHAD ("GENT" OR THE "COMPANY")
CESSATION OF SUBSIDIARY
Contents: The Board of Directors ("Board") of GENT wishes to announce that on 23 November 2010, its wholly-owned subsidiary, Genting Intellectual Property Pte Ltd ("GIP") and Resorts World Inc Pte Ltd ("RWI"), a wholly-owned subsidiary of GIP, entered into a share subscription agreement ("SSA") with Genting International Management Limited ("GIML"), Star Market Holdings Limited ("SMHL"), Resorts World Enterprise Limited ("RWEL") and KHRV Limited ("KHRV") (collectively, the "Investors") pursuant to which:
(i) each Investor will subscribe for 750,000 shares in RWI representing 20% of the enlarged equity in RWI for a consideration of S$750,000; and
(ii) GIP will subscribe for 749,999 shares in RWI, which together with the 1 share currently owned by GIP in RWI, represents a 20% interest in the enlarged equity in RWI for a consideration of S$749,999,
subject to the terms and conditions of the SSA.
RWI is a company incorporated in Singapore with an issued and paid-up share capital of S$1 comprising 1 share. RWL is presently a wholly-owned subsidiary of GIP, which in turn is a wholly-owned subsidiary of GENT. GIML is a wholly-owned subsidiary of Genting Singapore PLC ("GENS"), (a company listed on The Singapore Exchange Securities Trading Limited), which in turn is a 51.7%-owned subsidiary of GENT. SMHL is a wholly-owned subsidiary of Genting Hong Kong Limited ("GENHK") (a company listed on The Stock Exchange of Hong Kong Limited), which in turn is a 18.7%-owned investee company of GENT. RWEL is an indirect wholly-owned subsidiary of Genting Malaysia Berhad ("GENM") (a company listed on Bursa Malaysia Securities Berhad), which in turn is a 49.3%-owned company of GENT. KHRV is a company wholly owned by Golden Hope Limited ("GHL"), acting as trustee of the Golden Hope Unit Trust, a private trust established in the Isle of Man. GHL is a major shareholder of GENHK.
SSA was completed today. As such, RWI ceased to be a subsidiary of GENT and will be accounted for as an associated company of GENT.
The proposed transaction will enable all the Investors to come together to jointly promote the "GENTING" and "RESORTS WORLD" brand and related intellectual property rights (collectively, "Group IP") internationally and to pool their respective expertise to enhance and unlock the value of the Group IP. This will allow for centralization and coordination of efforts in growing the Group IP via a single team at RWI, and thereby reducing inter-group competition for licensing arrangements, and facilitating the exploitation of the Group IP in a more efficient and coordinated manner.
The proposed transaction will not have any material effect on the consolidated earnings and net assets of GENT for the financial year ending 31 December 2010.
Save as disclosed below, none of the Directors of GENT or persons connected to them have any interest, direct or indirect, in the proposed transaction:
(a) Tan Sri Lim Kok Thay ("TSLKT") is the Chairman, Chief Executive and share option holder of GENT, with a direct shareholding of 0.27% in GENT. He is also:
- a director of GIML and the Executive Chairman and share option holder of GENS, with a direct shareholding of 0.03% in GENS;
- the Chairman, Chief Executive Officer and share option holder of GENHK, with direct and indirect shareholdings of 4.67% and 71.52% respectively in GENHK;
- the Chairman, Chief Executive and share option holder of GENM, with a direct shareholding of 0.03% in GENM; and
- a Director of GHL which acts as trustee of a private unit trust the voting units of which are ultimately owned by a discretionary trust in which TSLKT is a beneficiary.
Accordingly, TSLKT is deemed interested in the proposed transaction and has abstained from deliberating and voting on the resolution pertaining to it at the GENT Board meeting.
(b) Tun Mohammed Hanif bin Omar is also the Deputy Chairman and share option holder of GENM, with a direct shareholding of less than 0.01% in GENM.
None of the major shareholders of GENT or persons connected to them have any interest, direct or indirect, in the proposed transaction.
This announcement is dated 23 November 2010.
MELEWAR - General Announcement
Announcement Type: General Announcement
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company")
- ADDITIONAL DISPOSAL OF 8,300,000 ORDINARY SHARES IN GINDALBIE METALS LTD BY ITS WHOLLY-OWNED SUBSIDIARIES, MELEWAR STEEL VENTURES LTD AND M-POWER TT LTD
Contents: Reference is made to the announcement made on 19 August 2010 pertaining to the disposal by the Company of 26,587,009 ordinary fully paid shares in Gindalbie Metals Ltd ("GML") which are listed on the Australian Stock Exchange at an average disposal price of AUD1.00 or its equivalent RM2.83 per share for a total consideration of AUD 26,525,362 or equivalent to RM75,213,245.
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company")
- ADDITIONAL DISPOSAL OF 8,300,000 ORDINARY SHARES IN GINDALBIE METALS LTD BY ITS WHOLLY-OWNED SUBSIDIARIES, MELEWAR STEEL VENTURES LTD AND M-POWER TT LTD
Contents: Reference is made to the announcement made on 19 August 2010 pertaining to the disposal by the Company of 26,587,009 ordinary fully paid shares in Gindalbie Metals Ltd ("GML") which are listed on the Australian Stock Exchange at an average disposal price of AUD1.00 or its equivalent RM2.83 per share for a total consideration of AUD 26,525,362 or equivalent to RM75,213,245.
DIJACOR - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: DIJAYA CORPORATION BERHAD
Stock Name: DIJACOR
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: DIJAYA CORPORATION BERHAD
Stock Name: DIJACOR
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PARKSON - General Announcement
Announcement Type: General Announcement
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Parkson Retail Group Limited
Connected Transaction - Acquisition of 100% Interest in Shantou Parkson Commercial Co Ltd
Contents: We attach herewith the announcement to The Stock Exchange of Hong Kong Limited ("The HKEx") on 23 November 2010 by Parkson Retail Group Limited ("Parkson Retail"), a 51.50% owned subsidiary of the Company listed on The HKEx, in relation to the acquisition by Parkson Retail's wholly-owned subsidiary, Grand Parkson Retail Group Limited ("Grand Parkson") from East Crest International Limited, a wholly-owned subsidiary of the Company, of the entire issued share capital of Bond Glory Limited ("Bond Glory"), the sole legal and beneficial owner of 100% equity interest in Choice Link Limited ("Choice Link"), which in turn is the sole legal and beneficial owner of 100% equity interest in Great Dignity Development Limited ("Great Dignity") and Great Dignity is the sole legal and beneficial owner of 100% equity interest in Shantou Parkson Commercial Co Ltd ("Shantou Parkson") ("Acquisition").
(Bond Glory, Choice Link, Great Dignity and Shantou Parkson shall collectively be referred to as the "Subject Companies").
Shantou Parkson is the owner and operator of the Parkson branded department store located at South City Shopping Mall, Changping Middle Road, Shantou City, Guangdong Province, the People's Republic of China.
Following the Acquisition, the Subject Companies remain as subsidiaries of the Company.
Attachments: Connected Transaction - Acquisition of 100% Interest in Shantou Parkson.pdf
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Parkson Retail Group Limited
Connected Transaction - Acquisition of 100% Interest in Shantou Parkson Commercial Co Ltd
Contents: We attach herewith the announcement to The Stock Exchange of Hong Kong Limited ("The HKEx") on 23 November 2010 by Parkson Retail Group Limited ("Parkson Retail"), a 51.50% owned subsidiary of the Company listed on The HKEx, in relation to the acquisition by Parkson Retail's wholly-owned subsidiary, Grand Parkson Retail Group Limited ("Grand Parkson") from East Crest International Limited, a wholly-owned subsidiary of the Company, of the entire issued share capital of Bond Glory Limited ("Bond Glory"), the sole legal and beneficial owner of 100% equity interest in Choice Link Limited ("Choice Link"), which in turn is the sole legal and beneficial owner of 100% equity interest in Great Dignity Development Limited ("Great Dignity") and Great Dignity is the sole legal and beneficial owner of 100% equity interest in Shantou Parkson Commercial Co Ltd ("Shantou Parkson") ("Acquisition").
(Bond Glory, Choice Link, Great Dignity and Shantou Parkson shall collectively be referred to as the "Subject Companies").
Shantou Parkson is the owner and operator of the Parkson branded department store located at South City Shopping Mall, Changping Middle Road, Shantou City, Guangdong Province, the People's Republic of China.
Following the Acquisition, the Subject Companies remain as subsidiaries of the Company.
Attachments: Connected Transaction - Acquisition of 100% Interest in Shantou Parkson.pdf
MALTON - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: MALTON BERHAD
Stock Name: MALTON
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 30/06/2011
Quarter: 1
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: MALTON BERHAD
Stock Name: MALTON
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 30/06/2011
Quarter: 1
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
OSKPROP - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: OSK PROPERTY HOLDINGS BERHAD
Stock Name: OSKPROP
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: OSK PROPERTY HOLDINGS BERHAD
Stock Name: OSKPROP
Date Announced: 23/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
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