DAYA - DAYA MATERIALS BERHAD ("DMB") Private Placement
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: DAYA MATERIALS BERHAD ("DMB")
Private Placement
Contents: We refer to the earlier announcements in relation to the Private Placement.
On behalf of the Board of Directors of DMB, Hong Leong Investment Bank Berhad ("HLIB") wishes to inform that HLIB had, on the even date, submitted an application to Bursa Malaysia Securities Berhad to seek an extension of time of 6 months for DMB to implement the Private Placement.
This announcement is dated 22 November 2010.
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: DAYA MATERIALS BERHAD
Stock Name: DAYA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: DAYA MATERIALS BERHAD ("DMB")
Private Placement
Contents: We refer to the earlier announcements in relation to the Private Placement.
On behalf of the Board of Directors of DMB, Hong Leong Investment Bank Berhad ("HLIB") wishes to inform that HLIB had, on the even date, submitted an application to Bursa Malaysia Securities Berhad to seek an extension of time of 6 months for DMB to implement the Private Placement.
This announcement is dated 22 November 2010.
FBMKLCI-EA - FBM KLCI etf - Valuation Point as at 22 November 2010
Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 22 November 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.5174
Units in circulation (units): 3,344,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,503.20
Attachments: FBM KLCI etf 20101122.xls
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 22 November 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.5174
Units in circulation (units): 3,344,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,503.20
Attachments: FBM KLCI etf 20101122.xls
APLAND - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: ASIA PACIFIC LAND BERHAD
Stock Name: APLAND
Date Announced: 22/11/2010
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: ASIA PACIFIC LAND BERHAD
Stock Name: APLAND
Date Announced: 22/11/2010
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)
UMW - General Announcement
Announcement Type: General Announcement
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: EXECUTION OF A DRILLING SERVICES ASSISTANCE COOPERATION AGREEMENT IN RESPECT OF AWARD OF CONTRACT BY HESS (INDONESIA-PANGKAH) LIMITED FOR THE PROVISION OF UMW'S JACK-UP DRILLING RIG "NAGA 2" AND DRILLING SERVICES FOR THE PANGKAH WHP-B DEVELOPMENT DRILLING PROGRAMME
Contents: EXECUTION OF A DRILLING SERVICES ASSISTANCE COOPERATION AGREEMENT IN RESPECT OF AWARD OF CONTRACT BY HESS (INDONESIA-PANGKAH) LIMITED FOR THE PROVISION OF UMW'S JACK-UP DRILLING RIG "NAGA 2" AND DRILLING SERVICES FOR THE PANGKAH WHP-B DEVELOPMENT DRILLING PROGRAMME
Attachments: DSACA-NAGA2.pdf
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: EXECUTION OF A DRILLING SERVICES ASSISTANCE COOPERATION AGREEMENT IN RESPECT OF AWARD OF CONTRACT BY HESS (INDONESIA-PANGKAH) LIMITED FOR THE PROVISION OF UMW'S JACK-UP DRILLING RIG "NAGA 2" AND DRILLING SERVICES FOR THE PANGKAH WHP-B DEVELOPMENT DRILLING PROGRAMME
Contents: EXECUTION OF A DRILLING SERVICES ASSISTANCE COOPERATION AGREEMENT IN RESPECT OF AWARD OF CONTRACT BY HESS (INDONESIA-PANGKAH) LIMITED FOR THE PROVISION OF UMW'S JACK-UP DRILLING RIG "NAGA 2" AND DRILLING SERVICES FOR THE PANGKAH WHP-B DEVELOPMENT DRILLING PROGRAMME
Attachments: DSACA-NAGA2.pdf
UMW - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 22/11/2010
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: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 22/11/2010
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)
MHB - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Stock Name: MHB
Date Announced: 22/11/2010
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: MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Stock Name: MHB
Date Announced: 22/11/2010
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)
MHB - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Stock Name: MHB
Date Announced: 22/11/2010
Announcement Detail:
Date of change: 22/11/2010
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Bernard Rene Francois Di Tullio
Age: 61
Nationality: French
Qualifications: 1. Ecole Special De Mecanique D'electricite (ESME) Paris Graduate Engineer (Mechanical/Electrical)-1974
2. Institute D'administration Des Entreprises Paris Graduate Dess(Management)-1978
Working experience and occupation: 2005 - Present: President and Chief Operating Officer, Technip
1998 - 2005: President & CEO - Asia Pacific (Based in Malaysia), Technip Group
1986 - 2005: i) President & CEO (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
ii) Managing Director, Technip Far East Sdn Bhd
1984 - 1986: General Manager (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
1982 - 1984: Project Manager (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
1975 - 1984: Electrical and Mechanical Engineer (Based in France, Canada, Spain and Italy on numerous international projects), Technip Group
Directorship of public companies (if any): Nil
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
Company Name: MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Stock Name: MHB
Date Announced: 22/11/2010
Announcement Detail:
Date of change: 22/11/2010
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Bernard Rene Francois Di Tullio
Age: 61
Nationality: French
Qualifications: 1. Ecole Special De Mecanique D'electricite (ESME) Paris Graduate Engineer (Mechanical/Electrical)-1974
2. Institute D'administration Des Entreprises Paris Graduate Dess(Management)-1978
Working experience and occupation: 2005 - Present: President and Chief Operating Officer, Technip
1998 - 2005: President & CEO - Asia Pacific (Based in Malaysia), Technip Group
1986 - 2005: i) President & CEO (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
ii) Managing Director, Technip Far East Sdn Bhd
1984 - 1986: General Manager (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
1982 - 1984: Project Manager (Based in Malaysia), Technip Geoproduction (M) Sdn Bhd
1975 - 1984: Electrical and Mechanical Engineer (Based in France, Canada, Spain and Italy on numerous international projects), Technip Group
Directorship of public companies (if any): Nil
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
TENAGA - General Announcement
Announcement Type: General Announcement
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: Award issued by the Arbitral Tribunal in respect of the arbitration proceedings between Segari Energy Ventures Sdn. Bhd. (SEV) and Tenaga Nasional Berhad (TNB).
Contents: We refer to our announcements of 26 and 30 June 2008 and 18 November 2010 on this matter. On 29 August 2007, SEV commenced arbitration proceedings against TNB on the basis that TNB had allegedly wrongfully deducted a sum of RM43,692,188.47 from available capacity payments due and payable to SEV for the months of October 2005, August 2006 and February 2008.
It is TNB's response that such sum was legally deducted in accordance with the terms of the power purchase agreement between TNB and SEV following the latter's failure to comply with dispatch instructions. Thus, TNB filed a counterclaim for a declaration that the amount of RM43,692,188.47 had been lawfully deducted. On or about March 2009, TNB noticed an error in the calculation of the amount deducted for the month of February 2008, leaving a shortfall of RM282,734.88 due to TNB. TNB amended its counter claim to also seek payment of this amount.
In addition, TNB had also filed in a counterclaim for an account to be taken for overpayments of energy payment made by TNB to SEV, estimated to amount to RM50,871,075.00 (or RM34,009,154.75 in the event the Tribunal holds that TNB's claim between the period of 3.10.1999 and 14.12.2001 is barred by limitation).
Hearing and Award:-
The arbitration hearing was held at the Kuala Lumpur Regional Centre for Arbitration (KLRCA) from 9 November to 20 November 2009 and an additional hearing was held on 18 and 20 January 2010.
TNB wishes to announce that the arbitral tribunal has ruled in favour of TNB on all material issues of principle and has decided that:-
(i) in the present case, TNB is entitled to RM14,511,724.70 out of the RM43,692,188.47 that had been deducted and shall therefore return to SEV RM29,180,463.77 of the withheld amount with interest of RM7,326,283.22 bringing to a total of RM36,506,746.99;
(ii) TNB's counterclaim of RM50,871,075.00 is partly allowed in the amount of RM17,717,335.69;
(iii) TNB shall pay to SEV the net outstanding amount of RM18,789,411.30, being the difference between the sum due to SEV under (i) above and the sum allowed to TNB under (ii) above, and interest thereon at the rate of 8% from the date of the award to date of realisation;
(iv) TNB shall bear legal costs estimated to be RM840,000.00; and
(v) Each party shall bear 50% of the arbitral and hearing costs which amounts have yet to be conclusively determined by the KLRCA .
The award of the arbitration will not have any material impact on the earnings of TNB for the Financial Year ending 31 August 2011.
This announcement shall supersede the earlier announcement dated 18 November 2010 in respect of the above.
This announcement is dated 22 November 2010.
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: Award issued by the Arbitral Tribunal in respect of the arbitration proceedings between Segari Energy Ventures Sdn. Bhd. (SEV) and Tenaga Nasional Berhad (TNB).
Contents: We refer to our announcements of 26 and 30 June 2008 and 18 November 2010 on this matter. On 29 August 2007, SEV commenced arbitration proceedings against TNB on the basis that TNB had allegedly wrongfully deducted a sum of RM43,692,188.47 from available capacity payments due and payable to SEV for the months of October 2005, August 2006 and February 2008.
It is TNB's response that such sum was legally deducted in accordance with the terms of the power purchase agreement between TNB and SEV following the latter's failure to comply with dispatch instructions. Thus, TNB filed a counterclaim for a declaration that the amount of RM43,692,188.47 had been lawfully deducted. On or about March 2009, TNB noticed an error in the calculation of the amount deducted for the month of February 2008, leaving a shortfall of RM282,734.88 due to TNB. TNB amended its counter claim to also seek payment of this amount.
In addition, TNB had also filed in a counterclaim for an account to be taken for overpayments of energy payment made by TNB to SEV, estimated to amount to RM50,871,075.00 (or RM34,009,154.75 in the event the Tribunal holds that TNB's claim between the period of 3.10.1999 and 14.12.2001 is barred by limitation).
Hearing and Award:-
The arbitration hearing was held at the Kuala Lumpur Regional Centre for Arbitration (KLRCA) from 9 November to 20 November 2009 and an additional hearing was held on 18 and 20 January 2010.
TNB wishes to announce that the arbitral tribunal has ruled in favour of TNB on all material issues of principle and has decided that:-
(i) in the present case, TNB is entitled to RM14,511,724.70 out of the RM43,692,188.47 that had been deducted and shall therefore return to SEV RM29,180,463.77 of the withheld amount with interest of RM7,326,283.22 bringing to a total of RM36,506,746.99;
(ii) TNB's counterclaim of RM50,871,075.00 is partly allowed in the amount of RM17,717,335.69;
(iii) TNB shall pay to SEV the net outstanding amount of RM18,789,411.30, being the difference between the sum due to SEV under (i) above and the sum allowed to TNB under (ii) above, and interest thereon at the rate of 8% from the date of the award to date of realisation;
(iv) TNB shall bear legal costs estimated to be RM840,000.00; and
(v) Each party shall bear 50% of the arbitral and hearing costs which amounts have yet to be conclusively determined by the KLRCA .
The award of the arbitration will not have any material impact on the earnings of TNB for the Financial Year ending 31 August 2011.
This announcement shall supersede the earlier announcement dated 18 November 2010 in respect of the above.
This announcement is dated 22 November 2010.
UBG - General Announcement
Announcement Type: General Announcement
Company Name: UBG BERHAD
Stock Name: UBG
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: UBG BERHAD ("UBG" OR "THE COMPANY" OR "THE OFFEREE")
UNCONDITIONAL TAKE-OVER OFFER BY JAVACE SDN BHD ("JSB" OR "OFFEROR") AND SHEIKH TAREK ESSAM AHMAD OBAID (THE "ULTIMATE OFFEROR") THROUGH AMINVESTMENT BANK BERHAD TO ACQUIRE ALL OF THE ORDINARY SHARES OF RM0.25 EACH IN UBG NOT ALREADY HELD BY JSB AND PERSONS ACTING IN CONCERT WITH IT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.50 PER OFFER SHARE ("OFFER PRICE") ("OFFER")
- Final Closing date of the Offer
Contents: We refer to our earlier announcements dated 29 September, 6 October, 7 October, 13 October, 20 October, 25 October, 1 November, 8 November and 10 November 2010 in relation to the Offer.
We wish to announce that UBG has today received the attached Press Notice from AmInvestment Bank Berhad on behalf of the Offeror that the Offeror has extended the closing date and time for acceptance of the Offer from 5.00 p.m. (Malaysian time) on Wednesday, 24 November 2010 to 5.00 p.m. (Malaysian time) on Friday, 17 December 2010 ("Final Closing Date"). The notice of the extension will be posted to the holders of the Offer Shares accordingly.
Save for the Final Closing Date, all other details and terms and conditions of the Offer remain unchanged.
Holders of the Offer Shares who wish to accept the Offer are advised to refer to the Offer Document for the details and terms and conditions of the Offer and the procedures for acceptance of the Offer.
Please refer to the Press Notice on the detailed disclosure of the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 22 November 2010, in accordance with the requirement of Section 25(1) of the Malaysian Code on Take-overs and Mergers 1998.
This announcement is dated 22 November 2010.
Attachments: UBG-Press release-22Nov2010.pdf
Company Name: UBG BERHAD
Stock Name: UBG
Date Announced: 22/11/2010
Announcement Detail:
Type: Announcement
Subject: UBG BERHAD ("UBG" OR "THE COMPANY" OR "THE OFFEREE")
UNCONDITIONAL TAKE-OVER OFFER BY JAVACE SDN BHD ("JSB" OR "OFFEROR") AND SHEIKH TAREK ESSAM AHMAD OBAID (THE "ULTIMATE OFFEROR") THROUGH AMINVESTMENT BANK BERHAD TO ACQUIRE ALL OF THE ORDINARY SHARES OF RM0.25 EACH IN UBG NOT ALREADY HELD BY JSB AND PERSONS ACTING IN CONCERT WITH IT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.50 PER OFFER SHARE ("OFFER PRICE") ("OFFER")
- Final Closing date of the Offer
Contents: We refer to our earlier announcements dated 29 September, 6 October, 7 October, 13 October, 20 October, 25 October, 1 November, 8 November and 10 November 2010 in relation to the Offer.
We wish to announce that UBG has today received the attached Press Notice from AmInvestment Bank Berhad on behalf of the Offeror that the Offeror has extended the closing date and time for acceptance of the Offer from 5.00 p.m. (Malaysian time) on Wednesday, 24 November 2010 to 5.00 p.m. (Malaysian time) on Friday, 17 December 2010 ("Final Closing Date"). The notice of the extension will be posted to the holders of the Offer Shares accordingly.
Save for the Final Closing Date, all other details and terms and conditions of the Offer remain unchanged.
Holders of the Offer Shares who wish to accept the Offer are advised to refer to the Offer Document for the details and terms and conditions of the Offer and the procedures for acceptance of the Offer.
Please refer to the Press Notice on the detailed disclosure of the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 22 November 2010, in accordance with the requirement of Section 25(1) of the Malaysian Code on Take-overs and Mergers 1998.
This announcement is dated 22 November 2010.
Attachments: UBG-Press release-22Nov2010.pdf
PJI - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 22/11/2010
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: PJI HOLDINGS BERHAD
Stock Name: PJI
Date Announced: 22/11/2010
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)
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