LIONIND - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
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: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
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)
NVMULTI - NV Multi Corporation Berhad ("NV Multi" or "Company") Proposed Restructuring Scheme
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: NV Multi Corporation Berhad ("NV Multi" or "Company")
Proposed Restructuring Scheme
Contents: On behalf of the Board of Directors of NV Multi, Hong Leong Investment Bank Berhad ("HLIB") wishes to announce that NV Multi had, on 23 November 2010, entered into a heads of agreement ("Heads of Agreement") with Oh Chiew Ho and Low Yang Leen ("Vendors") who are the shareholders of Ann Yak Siong Hardware Sdn Bhd ("AYSH") to facilitate the proposed restructuring of NV Multi.
The salient terms of the Heads of Agreement are as follows:
(i) Proposed acquisition of AYSH
A special purpose vehicle ("SPV') shall be incorporated to acquire the entire issued and paid-up share capital of AYSH for a consideration of cash and/or the issuance of shares by the SPV to the shareholders of AYSH. The purchase consideration and the exchange ratio shall be determined and agreed by the parties.
(ii) Proposed acquisition of NV Multi
The SPV shall acquire the entire issued and paid-up share capital of NV Multi in consideration of the issuance of shares by the SPV to the shareholders of NV Multi to be undertaken by way of a scheme of arrangement under Section 176 of the Companies Act, 1965. The purchase consideration and the exchange ratio shall be determined and agreed by the parties. Pursuant to and in connection with the disposal by NV Multi of its entire business and undertakings (including its entire assets and liabilities) and the distribution of the cash proceeds thereof to the entitled shareholders of NV Multi, all liabilities of NV Multi shall be settled and discharged by NV Multi prior to completion of the acquisition of the entire issued and paid-up share capital of NV Multi by the SPV.
(iii) Transfer of listing status of NV Multi
(a) The completion of the Proposed Restructuring Scheme shall be subject to and conditional upon NV Multi being listed and continuing to be listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). NV Multi confirms and agrees that it shall use its best endeavours to procure and ensure that NV Multi continues to be listed on the Main Market of Bursa Securities.
(b) The listing status of NV Multi shall be transferred to the SPV upon completion of the proposed acquisition of NV Multi.
(c) It is an essential condition of the Heads of Agreement and the definitive agreements to be entered into between the parties (which will set out the terms and conditions of, and govern, the Proposed Restructuring Scheme) ("Definitive Agreements") that NV Multi is not de-listed or the listing status of NV Multi is not withdrawn, terminated or otherwise prejudiced, and should any of these events occur prior to the Expiry Date (as defined below) or such extended date as may be mutually agreed, the Vendors shall be entitled to terminate the Heads of Agreement forthwith.
(iv) Duration of Heads of Agreement
The term or duration of the Heads of Agreement shall commence on the date of this Heads of Agreement and terminate on the earlier of :
(a) the execution of the Definitive Agreements; or
(b) one (1) month from the date of the Heads of Agreement ("Expiry Date"); or
(c) upon the mutual agreement of the parties.
The parties hereby agree that the Expiry Date may be extended for such further period by mutual agreement of the parties.
AYSH and its subsidiary companies are principally in the business of hardware stockists that trade in steel and non-ferrous products serving the engineering, fabrication, construction and building industries as well as involved in the production and sales of light steel sectional products and sectional storage tanks.
A detailed announcement will be made once the Definitive Agreements for the Proposed Restructuring Scheme have been signed.
This announcement is dated 23 November 2010
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: NV Multi Corporation Berhad ("NV Multi" or "Company")
Proposed Restructuring Scheme
Contents: On behalf of the Board of Directors of NV Multi, Hong Leong Investment Bank Berhad ("HLIB") wishes to announce that NV Multi had, on 23 November 2010, entered into a heads of agreement ("Heads of Agreement") with Oh Chiew Ho and Low Yang Leen ("Vendors") who are the shareholders of Ann Yak Siong Hardware Sdn Bhd ("AYSH") to facilitate the proposed restructuring of NV Multi.
The salient terms of the Heads of Agreement are as follows:
(i) Proposed acquisition of AYSH
A special purpose vehicle ("SPV') shall be incorporated to acquire the entire issued and paid-up share capital of AYSH for a consideration of cash and/or the issuance of shares by the SPV to the shareholders of AYSH. The purchase consideration and the exchange ratio shall be determined and agreed by the parties.
(ii) Proposed acquisition of NV Multi
The SPV shall acquire the entire issued and paid-up share capital of NV Multi in consideration of the issuance of shares by the SPV to the shareholders of NV Multi to be undertaken by way of a scheme of arrangement under Section 176 of the Companies Act, 1965. The purchase consideration and the exchange ratio shall be determined and agreed by the parties. Pursuant to and in connection with the disposal by NV Multi of its entire business and undertakings (including its entire assets and liabilities) and the distribution of the cash proceeds thereof to the entitled shareholders of NV Multi, all liabilities of NV Multi shall be settled and discharged by NV Multi prior to completion of the acquisition of the entire issued and paid-up share capital of NV Multi by the SPV.
(iii) Transfer of listing status of NV Multi
(a) The completion of the Proposed Restructuring Scheme shall be subject to and conditional upon NV Multi being listed and continuing to be listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). NV Multi confirms and agrees that it shall use its best endeavours to procure and ensure that NV Multi continues to be listed on the Main Market of Bursa Securities.
(b) The listing status of NV Multi shall be transferred to the SPV upon completion of the proposed acquisition of NV Multi.
(c) It is an essential condition of the Heads of Agreement and the definitive agreements to be entered into between the parties (which will set out the terms and conditions of, and govern, the Proposed Restructuring Scheme) ("Definitive Agreements") that NV Multi is not de-listed or the listing status of NV Multi is not withdrawn, terminated or otherwise prejudiced, and should any of these events occur prior to the Expiry Date (as defined below) or such extended date as may be mutually agreed, the Vendors shall be entitled to terminate the Heads of Agreement forthwith.
(iv) Duration of Heads of Agreement
The term or duration of the Heads of Agreement shall commence on the date of this Heads of Agreement and terminate on the earlier of :
(a) the execution of the Definitive Agreements; or
(b) one (1) month from the date of the Heads of Agreement ("Expiry Date"); or
(c) upon the mutual agreement of the parties.
The parties hereby agree that the Expiry Date may be extended for such further period by mutual agreement of the parties.
AYSH and its subsidiary companies are principally in the business of hardware stockists that trade in steel and non-ferrous products serving the engineering, fabrication, construction and building industries as well as involved in the production and sales of light steel sectional products and sectional storage tanks.
A detailed announcement will be made once the Definitive Agreements for the Proposed Restructuring Scheme have been signed.
This announcement is dated 23 November 2010
APEX - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: APEX EQUITY HOLDINGS BERHAD
Stock Name: APEX
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: APEX EQUITY HOLDINGS BERHAD
Stock Name: APEX
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)
MAMEE - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MAMEE-DOUBLE DECKER (M) BERHAD
Stock Name: MAMEE
Date Announced: 23/11/2010
Announcement Detail:
Date of buy back: 23/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 3.360
Maximum price paid for each share purchased ($$): 3.360
Total consideration paid ($$): 67,691.36
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,367,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.55
Company Name: MAMEE-DOUBLE DECKER (M) BERHAD
Stock Name: MAMEE
Date Announced: 23/11/2010
Announcement Detail:
Date of buy back: 23/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 3.360
Maximum price paid for each share purchased ($$): 3.360
Total consideration paid ($$): 67,691.36
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,367,000
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 (%): 3.55
MAXIS-CB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: MAXIS-CB: CW MAXIS BERHAD (OSK)
Stock Name: MAXIS-CB
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD ("MAXIS") ("MAXIS-CB")
Contents: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD ("MAXIS") ("MAXIS-CB")
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: MAXIS-CB: CW MAXIS BERHAD (OSK)
Stock Name: MAXIS-CB
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD ("MAXIS") ("MAXIS-CB")
Contents: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD ("MAXIS") ("MAXIS-CB")
AXIATA - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: AXIATA GROUP BERHAD
Stock Name: AXIATA
Date Announced: 23/11/2010
Announcement Detail:
Date of change: 23/11/2010
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: Muhamad Chatib Basri
Age: 45
Nationality: Indonesian
Qualifications: PhD Economics (2001) - Australian National University
Master of Economic Development (1996) - Australian National University
Bachelor of Science in Economics (1992) - University of Indonesia
Working experience and occupation: Redecon Consultancy
2010 - Present : Partner
Institute for Economic and Social Research, Indonesia (LPEM), University of Indonesia
2009 - 2010 : Research Associate
2005 - 2009 : Chairman
1992 - Present : Senior Lecturer
National Economic Committee
2006 - Present : Vice Chairman
The Asia Regional Advisory Group of the International Monetary Fund (IMF)
2010 - Present : Member
CReco Consulting, Indonesia
Co-founder and Senior Partner
Ministry of Finance, Republic of Indonesia
2006 - 2010 : Special Advisor to the Minister
2006 - 2009 : Deputy of Minister for G-20
Advisory Team to the Indonesian National Team of Trade Negotiation
2005 - Present : Member
Indonesia Project, Economics Division, Research School of Pacific and Asia Studies, Australian National University
2003 - Present : Research Associate
Others - Advisor to Toyota Motor Corporation and Consultant for the World Bank, The Asian Development Bank, The USAID, AUSAID, OECD and UNCTAD
Directorship of public companies (if any): PT Indika Energy Tbk
PT Astra Otoparts Tbk
PT Astra International Tbk
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
Submitting Merchant Bank: N/A
Company Name: AXIATA GROUP BERHAD
Stock Name: AXIATA
Date Announced: 23/11/2010
Announcement Detail:
Date of change: 23/11/2010
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: Muhamad Chatib Basri
Age: 45
Nationality: Indonesian
Qualifications: PhD Economics (2001) - Australian National University
Master of Economic Development (1996) - Australian National University
Bachelor of Science in Economics (1992) - University of Indonesia
Working experience and occupation: Redecon Consultancy
2010 - Present : Partner
Institute for Economic and Social Research, Indonesia (LPEM), University of Indonesia
2009 - 2010 : Research Associate
2005 - 2009 : Chairman
1992 - Present : Senior Lecturer
National Economic Committee
2006 - Present : Vice Chairman
The Asia Regional Advisory Group of the International Monetary Fund (IMF)
2010 - Present : Member
CReco Consulting, Indonesia
Co-founder and Senior Partner
Ministry of Finance, Republic of Indonesia
2006 - 2010 : Special Advisor to the Minister
2006 - 2009 : Deputy of Minister for G-20
Advisory Team to the Indonesian National Team of Trade Negotiation
2005 - Present : Member
Indonesia Project, Economics Division, Research School of Pacific and Asia Studies, Australian National University
2003 - Present : Research Associate
Others - Advisor to Toyota Motor Corporation and Consultant for the World Bank, The Asian Development Bank, The USAID, AUSAID, OECD and UNCTAD
Directorship of public companies (if any): PT Indika Energy Tbk
PT Astra Otoparts Tbk
PT Astra International Tbk
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
ATLAN - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 23/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101122-40970
Subject: ATLAN HOLDINGS BHD ("AHB" or "Company")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF LAND OWNED BY BLOSSOM TIME SDN BHD ("BTSB") AND RADIANT RANCH SDN BHD ("RRSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF AHB, MEASURING APPROXIMATELY 61.03 ACRES, TO UTARA MALAYA REALTY SDN BHD ("URSB"), FOR A TOTAL CASH CONSIDERATION OF RM145 MILLION ("PROPOSED DISPOSAL")
Contents: We refer to the announcement dated 19 November 2010 in relation to the Proposed Disposal and the letter from Bursa Malaysia Securities Berhad dated 22 November 2010, on behalf of the Company, we furnish herewith further information in relation to the Proposed Disposal for public release.
Please refer to the attached file for the additional information.
This announcement is dated 23 November 2010.
Query Letter content: We refer to your Company's announcements dated 19 November 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:-
1. Effects of the Proposed Disposal on the Business Financing-i Facility;
2. Date of which the terms of the transactions was agreed upon;
3. Details of working capital;
4. Name of the independent valuer and date of valuation; and
5. Basis of the adjustment to the Disposal Consideration at the rate of RM54.45
per square foot.
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
CFT/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Bursa Queries 22 Nov 2010.pdf
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 23/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101122-40970
Subject: ATLAN HOLDINGS BHD ("AHB" or "Company")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF LAND OWNED BY BLOSSOM TIME SDN BHD ("BTSB") AND RADIANT RANCH SDN BHD ("RRSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF AHB, MEASURING APPROXIMATELY 61.03 ACRES, TO UTARA MALAYA REALTY SDN BHD ("URSB"), FOR A TOTAL CASH CONSIDERATION OF RM145 MILLION ("PROPOSED DISPOSAL")
Contents: We refer to the announcement dated 19 November 2010 in relation to the Proposed Disposal and the letter from Bursa Malaysia Securities Berhad dated 22 November 2010, on behalf of the Company, we furnish herewith further information in relation to the Proposed Disposal for public release.
Please refer to the attached file for the additional information.
This announcement is dated 23 November 2010.
Query Letter content: We refer to your Company's announcements dated 19 November 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:-
1. Effects of the Proposed Disposal on the Business Financing-i Facility;
2. Date of which the terms of the transactions was agreed upon;
3. Details of working capital;
4. Name of the independent valuer and date of valuation; and
5. Basis of the adjustment to the Disposal Consideration at the rate of RM54.45
per square foot.
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
CFT/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Bursa Queries 22 Nov 2010.pdf
ABRIC - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: ABRIC BERHAD
Stock Name: ABRIC
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: ABRIC BERHAD ("ABRIC" or "Company")
? Proposed Termination
? Proposed Capital Reduction
? Proposed Reduction in Authorised Share Capital
? Proposed Amendments to the M&A
? Proposed Rights Issue
? Proposed New ESOS
(Collectively referred to as the "Proposals")
Contents: On behalf of ABRIC, HwangDBS Investment Bank Berhad wishes to announce that the EGM of ABRIC will be held Dewan Tan Sri Hamzah, Royal Selangor Club, Kiara Sports Annex, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Thursday, 16 December 2010 at 2.30 p.m. or at any adjournment thereof, for the purpose of considering and if thought fit, passing the resolutions to give effect to the Proposals.
For further reference, please refer to the Notice of EGM as attached.
This announcement is dated 23 November 2010
Attachments: EGM Notice.pdf
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: ABRIC BERHAD
Stock Name: ABRIC
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: ABRIC BERHAD ("ABRIC" or "Company")
? Proposed Termination
? Proposed Capital Reduction
? Proposed Reduction in Authorised Share Capital
? Proposed Amendments to the M&A
? Proposed Rights Issue
? Proposed New ESOS
(Collectively referred to as the "Proposals")
Contents: On behalf of ABRIC, HwangDBS Investment Bank Berhad wishes to announce that the EGM of ABRIC will be held Dewan Tan Sri Hamzah, Royal Selangor Club, Kiara Sports Annex, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Thursday, 16 December 2010 at 2.30 p.m. or at any adjournment thereof, for the purpose of considering and if thought fit, passing the resolutions to give effect to the Proposals.
For further reference, please refer to the Notice of EGM as attached.
This announcement is dated 23 November 2010
Attachments: EGM Notice.pdf
UCHITEC - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: UCHI TECHNOLOGIES BERHAD
Stock Name: UCHITEC
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: UCHI TECHNOLOGIES BERHAD
Stock Name: UCHITEC
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)
KNM-CD - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: KNM-CD: CW KNM GROUP BERHAD (OSK)
Stock Name: KNM-CD
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KNM GROUP BERHAD ("KNM") ("KNM-CD")
Contents: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KNM GROUP BERHAD ("KNM") ("KNM-CD")
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: KNM-CD: CW KNM GROUP BERHAD (OSK)
Stock Name: KNM-CD
Date Announced: 23/11/2010
Announcement Detail:
Type: Announcement
Subject: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KNM GROUP BERHAD ("KNM") ("KNM-CD")
Contents: EXPIRY OF NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KNM GROUP BERHAD ("KNM") ("KNM-CD")
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