KLK - KUALA LUMPUR KEPONG BERHAD ("KLK") - MEMBERS' VOLUNTARY WINDING-UP OF SUBSIDIARY COMPANIES
Announcement Type: General Announcement
Company Name: KUALA LUMPUR KEPONG BERHAD
Stock Name: KLK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR KEPONG BERHAD ("KLK")
- MEMBERS' VOLUNTARY WINDING-UP OF SUBSIDIARY COMPANIES
Contents: KLK wishes to advise that the following wholly-owned subsidiaries of KLK, which have become dormant following the completion of a Group internal restructuring exercise, will be wound up by way of a members' voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965:
(1) Selit Plantations (Sabah) Sdn Bhd
(2) Kalumpang Estates Sdn Bhd
Ms. Ng Yuet Seam of C-1-02, 1st Floor, No. 2 Persiaran Greentown 3, Greentown Business Centre, 30450 Ipoh, Perak Darul Ridzuan has been appointed the Liquidator for the above winding-up.
The aforesaid members' voluntary winding-up will not have any effect on the share capital and shareholding structure of KLK nor have any material operational and financial impact on the net assets, earning and gearing of the Group for the financial year ending 30 September 2011.
Company Name: KUALA LUMPUR KEPONG BERHAD
Stock Name: KLK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR KEPONG BERHAD ("KLK")
- MEMBERS' VOLUNTARY WINDING-UP OF SUBSIDIARY COMPANIES
Contents: KLK wishes to advise that the following wholly-owned subsidiaries of KLK, which have become dormant following the completion of a Group internal restructuring exercise, will be wound up by way of a members' voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965:
(1) Selit Plantations (Sabah) Sdn Bhd
(2) Kalumpang Estates Sdn Bhd
Ms. Ng Yuet Seam of C-1-02, 1st Floor, No. 2 Persiaran Greentown 3, Greentown Business Centre, 30450 Ipoh, Perak Darul Ridzuan has been appointed the Liquidator for the above winding-up.
The aforesaid members' voluntary winding-up will not have any effect on the share capital and shareholding structure of KLK nor have any material operational and financial impact on the net assets, earning and gearing of the Group for the financial year ending 30 September 2011.
KLK - General Announcement
Announcement Type: General Announcement
Company Name: KUALA LUMPUR KEPONG BERHAD
Stock Name: KLK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR KEPONG BERHAD ("KLK" or "the Company")
PROPOSED ACQUISITION OF A SUBSIDIARY: PT. ANUGRAH SURYA MANDIRI
Contents: Introduction
Pursuant to paragraphs 9.19(23) and 10.05(2) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, we wish to advise that KLK, via its subsidiary KL-Kepong Plantation Holdings Sdn Bhd ("KLKPH"), has on 1 November 2010 entered into agreements to acquire 95% of the issued and paid-up share capital of PT. Anugrah Surya Mandiri ("PT ASM") consisting of 285 ordinary shares of Rp. 500,000/- each ("the Sale Shares"). The total cash purchase consideration for the Sale Shares is Rp. 13,585,000,000/- (or RM4,717,000/- based on the exchange rate of RM1 = Rp. 2,880) .
Through 2 conditional agreements ("the SPAs"), KLKPH will acquire a 90% equity stake in PT ASM from Abdul Halim Najar and another 5% from Teddy Wiradi Jaya respectively. The Proposed Acquisition will result in PT ASM becoming a subsidiary of KLK.
Details of the Proposed Acquisition
PT ASM is a limited liability company incorporated in the Republic of Indonesia and has an issued and fully paid-up share capital of Rp. 150,000,000/- comprising 300 ordinary shares of Rp. 500,000/- each.
PT ASM currently holds a Certificate of Izin Lokasi for land measuring approximately 3,700 hectares located in Kampung Batu Putih, Kecamatan Batu Putih, Kabupaten Berau, Republic of Indonesia ("the Land") which it intends to develop into oil palm plantations in due course. The Land is adjacent to one of KLK's plantations in Kalimantan Timur.
The total purchase consideration for the Sale Shares was arrived at on a willing-buyer, willing-seller basis. The purchase consideration will be financed by KLK's internally generated funds.
Conditions Precedent to the Proposed Acquisition
The Proposed Acquisition is subject to the fulfilment of certain conditions precedent, inter alia, the following:-
(i) the renewal of the Izin Lokasi;
(ii) the procurement of the Plantation Business License (Izin Usaha Perkebunan);
(iii) the approval of Bank Negara Malaysia for the remittance of purchase consideration;
(iv) the approval of the Indonesian Investment Co-ordinating Board (BKPM) for the conversion of PT ASM into a foreign investment company;
(v) the approval of the Department of Plantation; and
(vi) the conduct of a legal and financial due diligence to KLKPH's satisfaction.
Estimated Time Frame for Completion
The Proposed Acquisition is expected to be completed in the 1st quarter of calendar year 2012 subject to the fulfilment of all conditions precedent stated in the SPAs.
Effects of the Proposed Acquisition
The Proposed Acquisition will not have any effect on the share capital and shareholding structure of KLK. Further, the Proposed Acquisition will not have any effect on the net assets, earnings and gearing of the KLK Group for the current financial year ending 30 September 2011.
Rationale for the Proposed Acquisition
The Proposed Acquisition is in line with KLK's strategy to further increase KLK Group's oil palm plantation area in Indonesia.
Directors' and Substantial Shareholders' Interest
None of the Directors or substantial shareholders of KLK or any persons connected to the Directors and substantial shareholders has any interest, direct or indirect, in the Proposed Acquisition.
Company Name: KUALA LUMPUR KEPONG BERHAD
Stock Name: KLK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR KEPONG BERHAD ("KLK" or "the Company")
PROPOSED ACQUISITION OF A SUBSIDIARY: PT. ANUGRAH SURYA MANDIRI
Contents: Introduction
Pursuant to paragraphs 9.19(23) and 10.05(2) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, we wish to advise that KLK, via its subsidiary KL-Kepong Plantation Holdings Sdn Bhd ("KLKPH"), has on 1 November 2010 entered into agreements to acquire 95% of the issued and paid-up share capital of PT. Anugrah Surya Mandiri ("PT ASM") consisting of 285 ordinary shares of Rp. 500,000/- each ("the Sale Shares"). The total cash purchase consideration for the Sale Shares is Rp. 13,585,000,000/- (or RM4,717,000/- based on the exchange rate of RM1 = Rp. 2,880) .
Through 2 conditional agreements ("the SPAs"), KLKPH will acquire a 90% equity stake in PT ASM from Abdul Halim Najar and another 5% from Teddy Wiradi Jaya respectively. The Proposed Acquisition will result in PT ASM becoming a subsidiary of KLK.
Details of the Proposed Acquisition
PT ASM is a limited liability company incorporated in the Republic of Indonesia and has an issued and fully paid-up share capital of Rp. 150,000,000/- comprising 300 ordinary shares of Rp. 500,000/- each.
PT ASM currently holds a Certificate of Izin Lokasi for land measuring approximately 3,700 hectares located in Kampung Batu Putih, Kecamatan Batu Putih, Kabupaten Berau, Republic of Indonesia ("the Land") which it intends to develop into oil palm plantations in due course. The Land is adjacent to one of KLK's plantations in Kalimantan Timur.
The total purchase consideration for the Sale Shares was arrived at on a willing-buyer, willing-seller basis. The purchase consideration will be financed by KLK's internally generated funds.
Conditions Precedent to the Proposed Acquisition
The Proposed Acquisition is subject to the fulfilment of certain conditions precedent, inter alia, the following:-
(i) the renewal of the Izin Lokasi;
(ii) the procurement of the Plantation Business License (Izin Usaha Perkebunan);
(iii) the approval of Bank Negara Malaysia for the remittance of purchase consideration;
(iv) the approval of the Indonesian Investment Co-ordinating Board (BKPM) for the conversion of PT ASM into a foreign investment company;
(v) the approval of the Department of Plantation; and
(vi) the conduct of a legal and financial due diligence to KLKPH's satisfaction.
Estimated Time Frame for Completion
The Proposed Acquisition is expected to be completed in the 1st quarter of calendar year 2012 subject to the fulfilment of all conditions precedent stated in the SPAs.
Effects of the Proposed Acquisition
The Proposed Acquisition will not have any effect on the share capital and shareholding structure of KLK. Further, the Proposed Acquisition will not have any effect on the net assets, earnings and gearing of the KLK Group for the current financial year ending 30 September 2011.
Rationale for the Proposed Acquisition
The Proposed Acquisition is in line with KLK's strategy to further increase KLK Group's oil palm plantation area in Indonesia.
Directors' and Substantial Shareholders' Interest
None of the Directors or substantial shareholders of KLK or any persons connected to the Directors and substantial shareholders has any interest, direct or indirect, in the Proposed Acquisition.
YTLLAND - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: YTL LAND & DEVELOPMENT BERHAD
Stock Name: YTLLAND
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: YTL LAND & DEVELOPMENT BERHAD ("YTL LAND" OR "COMPANY")
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME ("ESOS") FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF YTL LAND AND/OR ITS ELIGIBLE SUBSIDIARIES ("PROPOSED ESOS")
Contents: We refer to the announcement dated 15 October 2010 in respect of the Proposed ESOS.
On behalf of YTL Land, CIMB Investment Bank Berhad ("CIMB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has in its letter dated 29 October 2010 approved the listing of and quotation for such number of additional new ordinary shares of RM0.50 each ("Shares"), representing up to 15% of the issued and paid-up ordinary share capital (excluding treasury shares) of YTL Land, to be issued upon the exercise of the options under the Proposed ESOS.
The approval of Bursa Securities is subject to the following conditions:
(i) CIMB submitting to Bursa Securities a confirmation of full compliance of the ESOS pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation, together with a certified true copy of the resolution passed by the Company's shareholders in a general meeting; and
(ii) YTL Land to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed (upon the exercise of the options under the Proposed ESOS) as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 1 November 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: YTL LAND & DEVELOPMENT BERHAD
Stock Name: YTLLAND
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: YTL LAND & DEVELOPMENT BERHAD ("YTL LAND" OR "COMPANY")
PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME ("ESOS") FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF YTL LAND AND/OR ITS ELIGIBLE SUBSIDIARIES ("PROPOSED ESOS")
Contents: We refer to the announcement dated 15 October 2010 in respect of the Proposed ESOS.
On behalf of YTL Land, CIMB Investment Bank Berhad ("CIMB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has in its letter dated 29 October 2010 approved the listing of and quotation for such number of additional new ordinary shares of RM0.50 each ("Shares"), representing up to 15% of the issued and paid-up ordinary share capital (excluding treasury shares) of YTL Land, to be issued upon the exercise of the options under the Proposed ESOS.
The approval of Bursa Securities is subject to the following conditions:
(i) CIMB submitting to Bursa Securities a confirmation of full compliance of the ESOS pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation, together with a certified true copy of the resolution passed by the Company's shareholders in a general meeting; and
(ii) YTL Land to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed (upon the exercise of the options under the Proposed ESOS) as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 1 November 2010.
LIONDIV - NOTICE OF THE FORTIETH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: LION DIVERSIFIED HOLDINGS BERHAD
Stock Name: LIONDIV
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE FORTIETH ANNUAL GENERAL MEETING
Contents: Notice is hereby given that the Fortieth Annual General Meeting of Lion Diversified Holdings Berhad will be held at the Meeting Hall, Level 16, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur on 24 November 2010 at 2.00 pm for the purposes as set out in the Notice of Meeting attached herewith.
Attachments: LDHB-Notice of AGM.pdf
Company Name: LION DIVERSIFIED HOLDINGS BERHAD
Stock Name: LIONDIV
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THE FORTIETH ANNUAL GENERAL MEETING
Contents: Notice is hereby given that the Fortieth Annual General Meeting of Lion Diversified Holdings Berhad will be held at the Meeting Hall, Level 16, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur on 24 November 2010 at 2.00 pm for the purposes as set out in the Notice of Meeting attached herewith.
Attachments: LDHB-Notice of AGM.pdf
GCORP - Regularisation Plan under PN 17 of the Listing Requirements
Announcement Type: General Announcement
Company Name: GENERAL CORPORATION BERHAD
Stock Name: GCORP
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: Regularisation Plan under PN 17 of the Listing Requirements
Contents: In view of the Proposed Winding-Up of the Company, no regularisation plan under PN 17 of the Listing Requirements will be formulated by the Company.
By Order of the Board
1 November 2010
Company Name: GENERAL CORPORATION BERHAD
Stock Name: GCORP
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: Regularisation Plan under PN 17 of the Listing Requirements
Contents: In view of the Proposed Winding-Up of the Company, no regularisation plan under PN 17 of the Listing Requirements will be formulated by the Company.
By Order of the Board
1 November 2010
GENTING - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Mr Quah Chek Tin
Age: 59
Nationality: Malaysian
Qualifications: 1. Bachelor of Science (Honours) Degree in Economics from the London School of Economics and Political Science;
2. Fellow of the Institute of Chartered Accountants in England and Wales; and
3. Member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Quah Chek Tin began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and has served in various positions within the Group. He was an Executive Director of Genting Berhad ("GENT") as well as an Executive Director and Chief Operating Officer of Genting Malaysia Berhad ("GENM") prior to his retirement on 8 October 2006. He was re-designated as an Independent Non-Executive Director of GENT on 8 October 2008.
Directorship of public companies (if any): 1. Genting Malaysia Berhad;
2. Genting Plantations Berhad;
3. Paramount Corporation Berhad;
4. ECS ICT Berhad; and
5. Batu Kawan 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: Mr Quah Chek Tin holds 5,000 ordinary shares each in Genting Berhad ("GENT") and Genting Malaysia Berhad and 300,000 ordinary shares in Genting Singapore PLC ("GENS"). His spouse holds 630,000 ordinary shares in GENT.
Mr Quah has a share option to subscribe for 1,240,000 ordinary shares in GENT and a share option to subscribe for 890,438 ordinary shares in GENS.
Composition of Audit Committee (Name and Directorate of members after change): (1) Tan Sri Dr. Lin See Yan (Chairman)
Independent Non-Executive Director
(2) Dato' Paduka Nik Hashim bin Nik Yusoff (Member)
Independent Non-Executive Director
(3) Mr Chin Kwai Yoong (Member)
Independent Non-Executive Director
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Mr Quah Chek Tin
Age: 59
Nationality: Malaysian
Qualifications: 1. Bachelor of Science (Honours) Degree in Economics from the London School of Economics and Political Science;
2. Fellow of the Institute of Chartered Accountants in England and Wales; and
3. Member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Quah Chek Tin began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and has served in various positions within the Group. He was an Executive Director of Genting Berhad ("GENT") as well as an Executive Director and Chief Operating Officer of Genting Malaysia Berhad ("GENM") prior to his retirement on 8 October 2006. He was re-designated as an Independent Non-Executive Director of GENT on 8 October 2008.
Directorship of public companies (if any): 1. Genting Malaysia Berhad;
2. Genting Plantations Berhad;
3. Paramount Corporation Berhad;
4. ECS ICT Berhad; and
5. Batu Kawan 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: Mr Quah Chek Tin holds 5,000 ordinary shares each in Genting Berhad ("GENT") and Genting Malaysia Berhad and 300,000 ordinary shares in Genting Singapore PLC ("GENS"). His spouse holds 630,000 ordinary shares in GENT.
Mr Quah has a share option to subscribe for 1,240,000 ordinary shares in GENT and a share option to subscribe for 890,438 ordinary shares in GENS.
Composition of Audit Committee (Name and Directorate of members after change): (1) Tan Sri Dr. Lin See Yan (Chairman)
Independent Non-Executive Director
(2) Dato' Paduka Nik Hashim bin Nik Yusoff (Member)
Independent Non-Executive Director
(3) Mr Chin Kwai Yoong (Member)
Independent Non-Executive Director
GENTING - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Mr Quah Chek Tin
Age: 59
Nationality: Malaysian
Qualifications: 1. Bachelor of Science (Honours) Degree in Economics from the London School of Economics and Political Science;
2. Fellow of the Institute of Chartered Accountants in England and Wales; and
3. Member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Quah Chek Tin began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and has served in various positions within the Group. He was an Executive Director of Genting Berhad ("GENT") as well as an Executive Director and Chief Operating Officer of Genting Malaysia Berhad ("GENM") prior to his retirement on 8 October 2006. He was re-designated as an Independent Non-Executive Director of GENT on 8 October 2008.
Directorship of public companies (if any): 1. Genting Malaysia Berhad;
2. Genting Plantations Berhad;
3. Paramount Corporation Berhad;
4. ECS ICT Berhad; and
5. Batu Kawan 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: Mr Quah Chek Tin holds 5,000 ordinary shares each in Genting Berhad ("GENT") and Genting Malaysia Berhad and 300,000 ordinary shares in Genting Singapore PLC ("GENS"). His spouse holds 630,000 ordinary shares in GENT.
Mr Quah has a share option to subscribe for 1,240,000 ordinary shares in GENT and a share option to subscribe for 890,438 ordinary shares in GENS.
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Mr Quah Chek Tin
Age: 59
Nationality: Malaysian
Qualifications: 1. Bachelor of Science (Honours) Degree in Economics from the London School of Economics and Political Science;
2. Fellow of the Institute of Chartered Accountants in England and Wales; and
3. Member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Quah Chek Tin began his career with Coopers & Lybrand, London before returning to Malaysia. He joined the Genting Group in 1979 and has served in various positions within the Group. He was an Executive Director of Genting Berhad ("GENT") as well as an Executive Director and Chief Operating Officer of Genting Malaysia Berhad ("GENM") prior to his retirement on 8 October 2006. He was re-designated as an Independent Non-Executive Director of GENT on 8 October 2008.
Directorship of public companies (if any): 1. Genting Malaysia Berhad;
2. Genting Plantations Berhad;
3. Paramount Corporation Berhad;
4. ECS ICT Berhad; and
5. Batu Kawan 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: Mr Quah Chek Tin holds 5,000 ordinary shares each in Genting Berhad ("GENT") and Genting Malaysia Berhad and 300,000 ordinary shares in Genting Singapore PLC ("GENS"). His spouse holds 630,000 ordinary shares in GENT.
Mr Quah has a share option to subscribe for 1,240,000 ordinary shares in GENT and a share option to subscribe for 890,438 ordinary shares in GENS.
GUH - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GUH HOLDINGS BERHAD
Stock Name: GUH
Date Announced: 01/11/2010
Announcement Detail:
Date of buy back: 01/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 298,000
Minimum price paid for each share purchased ($$): 1.180
Maximum price paid for each share purchased ($$): 1.200
Total consideration paid ($$): 355,190.00
Number of shares purchased retained in treasury (units): 298,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,704,700
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.33
Company Name: GUH HOLDINGS BERHAD
Stock Name: GUH
Date Announced: 01/11/2010
Announcement Detail:
Date of buy back: 01/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 298,000
Minimum price paid for each share purchased ($$): 1.180
Maximum price paid for each share purchased ($$): 1.200
Total consideration paid ($$): 355,190.00
Number of shares purchased retained in treasury (units): 298,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,704,700
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 (%): 1.33
KFC - LEASE AGREEMENT WITH JOHOR CORPORATION AND DAMANSARA ASSETS SDN BHD ("AGREEMENT")
Announcement Type: General Announcement
Company Name: KFC HOLDINGS (MALAYSIA) BERHAD
Stock Name: KFC
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-101028-61585
Subject: LEASE AGREEMENT WITH JOHOR CORPORATION AND DAMANSARA ASSETS SDN BHD ("AGREEMENT")
Contents: Reference is made to your query letter dated 29 October 2010. Please find appended below the following for your attention: -
1. The tenure of the land on which the Demised Premises is erected.
It is a 99 years leasehold land expiring on 19 January 2109.
2. The existing use of the Demised Premises.
The Demised Premises is currently under construction for the purpose of operating a KFC Restaurant.
3. Whether any valuation was carried out on the Demised Premises. If so, to state the name of the independent registered valuer, date and method of valuation and quantification of the market value.
The valuation was carried out by an independent registered valuer i.e. Ismail bin Md Amin (V-674) from Messrs Nilai Harta Consultant Sdn Bhd on 23/12/2009.
In assessing the Fair Market Rentals, they use the comparison method of valuation which entails analysis of rents of comparables properties and taking into consideration various factors affecting the value of the property i.e location, type of property etc.
The Rental Market Value of the Demised Premises subject to the building being completed in accordance with the approved plan and Certificate of Fitness for Occupation issued by the relevant authority as at the date of valuation is as follows:-
Market Rental Value:RM9,136.80 per month or RM109,641.60 per annum.
4. The terms of any arrangement for payment of consideration of RM1.5 million on a deferred basis.
The payment of RM1.5 million (Lease Consideration RM1,178,066.00 and Security Deposit RM321,934.00) is made on a lump sum basis upon the execution of the Lease Agreement. The security Deposit shall be refunded to KFCPM on the expiration or sooner determination of the 30 years period.
5. The encumbrances on the Demised Premises, if any.
There is no encumbrances on the Demised Premises.
6. The estimated time frame to complete the Agreement.
The Lessor shall obtain the approval ("Consent to Lease") from the State Authority to lease the Demised Premises to the Lessee (KFCPM) for a thirty years period and the approval shall be obtained within 12 months from the date of the Lease Agreement (27th October 2010) or at such extended period as KFCPM may in its sole discretion determine.
We hope the above explanations suffice.
Query Letter content: We refer to your announcement dated 27 October 2010 in respect of the
abovementioned matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release : -
1. The tenure of the land on which the Demised Premises is erected.
2. The existing use of the Demised Premises.
3. Whether any valuation was carried out on the Demised Premises. If so, to
state the name of the independent registered valuer, date and method of
valuation and quantification of the market value.
4. The terms of any arrangement for payment of consideration of RM1.5 million
on a deferred basis.
5. The encumbrances on the Demised Premises, if any.
6. The estimated time frame to complete the Agreement.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/YLS
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Company Name: KFC HOLDINGS (MALAYSIA) BERHAD
Stock Name: KFC
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-101028-61585
Subject: LEASE AGREEMENT WITH JOHOR CORPORATION AND DAMANSARA ASSETS SDN BHD ("AGREEMENT")
Contents: Reference is made to your query letter dated 29 October 2010. Please find appended below the following for your attention: -
1. The tenure of the land on which the Demised Premises is erected.
It is a 99 years leasehold land expiring on 19 January 2109.
2. The existing use of the Demised Premises.
The Demised Premises is currently under construction for the purpose of operating a KFC Restaurant.
3. Whether any valuation was carried out on the Demised Premises. If so, to state the name of the independent registered valuer, date and method of valuation and quantification of the market value.
The valuation was carried out by an independent registered valuer i.e. Ismail bin Md Amin (V-674) from Messrs Nilai Harta Consultant Sdn Bhd on 23/12/2009.
In assessing the Fair Market Rentals, they use the comparison method of valuation which entails analysis of rents of comparables properties and taking into consideration various factors affecting the value of the property i.e location, type of property etc.
The Rental Market Value of the Demised Premises subject to the building being completed in accordance with the approved plan and Certificate of Fitness for Occupation issued by the relevant authority as at the date of valuation is as follows:-
Market Rental Value:RM9,136.80 per month or RM109,641.60 per annum.
4. The terms of any arrangement for payment of consideration of RM1.5 million on a deferred basis.
The payment of RM1.5 million (Lease Consideration RM1,178,066.00 and Security Deposit RM321,934.00) is made on a lump sum basis upon the execution of the Lease Agreement. The security Deposit shall be refunded to KFCPM on the expiration or sooner determination of the 30 years period.
5. The encumbrances on the Demised Premises, if any.
There is no encumbrances on the Demised Premises.
6. The estimated time frame to complete the Agreement.
The Lessor shall obtain the approval ("Consent to Lease") from the State Authority to lease the Demised Premises to the Lessee (KFCPM) for a thirty years period and the approval shall be obtained within 12 months from the date of the Lease Agreement (27th October 2010) or at such extended period as KFCPM may in its sole discretion determine.
We hope the above explanations suffice.
Query Letter content: We refer to your announcement dated 27 October 2010 in respect of the
abovementioned matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release : -
1. The tenure of the land on which the Demised Premises is erected.
2. The existing use of the Demised Premises.
3. Whether any valuation was carried out on the Demised Premises. If so, to
state the name of the independent registered valuer, date and method of
valuation and quantification of the market value.
4. The terms of any arrangement for payment of consideration of RM1.5 million
on a deferred basis.
5. The encumbrances on the Demised Premises, if any.
6. The estimated time frame to complete the Agreement.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/YLS
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
ECOFIRS - NOTICE OF THIRTY-SEVENTH ANNUAL GENERAL MEETING (" 37th AGM")
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: ECOFIRST CONSOLIDATED BHD
Stock Name: ECOFIRS
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THIRTY-SEVENTH ANNUAL GENERAL MEETING (" 37th AGM")
Contents: The Board of Directors of EcoFirst Consolidated Bhd ("ECB") is pleased to announce that the 37th AGM of ECB will be convened and held at Ballroom 1, Level 5, The Summit Hotel, Subang USJ, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan on Wednesday, 24 November 2010 at 10.00 a.m.
The notice of the 37th AGM is attached.
This announcement is dated 1 November 2010.
Attachments: Notice 37th AGM.pdf
Submitting Merchant Bank: -
Company Name: ECOFIRST CONSOLIDATED BHD
Stock Name: ECOFIRS
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: NOTICE OF THIRTY-SEVENTH ANNUAL GENERAL MEETING (" 37th AGM")
Contents: The Board of Directors of EcoFirst Consolidated Bhd ("ECB") is pleased to announce that the 37th AGM of ECB will be convened and held at Ballroom 1, Level 5, The Summit Hotel, Subang USJ, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan on Wednesday, 24 November 2010 at 10.00 a.m.
The notice of the 37th AGM is attached.
This announcement is dated 1 November 2010.
Attachments: Notice 37th AGM.pdf
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