MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/11/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "COMPANY")
DE-LISTING OF THE SECURITIES OF MEMSTECH FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Reference is made to the Company's First Announcement on 28 April 2008 in relation to the classification of Memstech as an Affected Listed Company pursuant to Guidance Note No. 3/2006 of the Listing Requirements of Bursa Securities, and the announcement dated 13 October 2010 in relation to the Extended Timeframe granted to the Company up to 31 October 2010 ("Deadline") to submit a regularisation plan to undertake a regularisation plan that complies with paragraph 3.1 of Guidance Note 3 of the ACE Market Listing Requirements of Bursa Securities and submit the regularisation plan to Bursa Securities for approval.
Reference is also made to the Company's announcement dated 29 October 2010 in relation to the Company submitting an appeal for a further extension of time to submit its regularisation plan to Bursa Securities.
Further to the above, the Company wishes to announce that Bursa Securities has vide its letter dated 1 November 2010, informed the Company that the decision of the Appeals Committee as stated in their letter dated 12 October 2010 is final. In view that the Company has failed to comply with the Deadline, Bursa Securities has informed that the securities of Memstech will be removed from the Official List of Bursa Securities on Friday, 12 November 2010.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from the Central Depository System ("CDS") accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
This announcement is dated 1 November 2010.
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/11/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "COMPANY")
DE-LISTING OF THE SECURITIES OF MEMSTECH FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Reference is made to the Company's First Announcement on 28 April 2008 in relation to the classification of Memstech as an Affected Listed Company pursuant to Guidance Note No. 3/2006 of the Listing Requirements of Bursa Securities, and the announcement dated 13 October 2010 in relation to the Extended Timeframe granted to the Company up to 31 October 2010 ("Deadline") to submit a regularisation plan to undertake a regularisation plan that complies with paragraph 3.1 of Guidance Note 3 of the ACE Market Listing Requirements of Bursa Securities and submit the regularisation plan to Bursa Securities for approval.
Reference is also made to the Company's announcement dated 29 October 2010 in relation to the Company submitting an appeal for a further extension of time to submit its regularisation plan to Bursa Securities.
Further to the above, the Company wishes to announce that Bursa Securities has vide its letter dated 1 November 2010, informed the Company that the decision of the Appeals Committee as stated in their letter dated 12 October 2010 is final. In view that the Company has failed to comply with the Deadline, Bursa Securities has informed that the securities of Memstech will be removed from the Official List of Bursa Securities on Friday, 12 November 2010.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from the Central Depository System ("CDS") accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
This announcement is dated 1 November 2010.
CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 01-Nov-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 01-Nov-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5881
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,368.87
Attachments: ASEAN 40-01.11.2010.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 01-Nov-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5881
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,368.87
Attachments: ASEAN 40-01.11.2010.pdf
CIMBX25 - CIMB FTSE Xinhua China 25 - Valuation Point as at 01-Nov-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 01-Nov-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.1015
Units in circulation (units): 17,550,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 20,053.09
Attachments: XINHUA 25-01.11.2010.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 01-Nov-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.1015
Units in circulation (units): 17,550,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 20,053.09
Attachments: XINHUA 25-01.11.2010.pdf
WIJAYA - General Announcement
Announcement Type: General Announcement
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF WIJAYA INTERNATIONAL MEDICAL CENTRE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WIJAYA BARU GLOBAL BERHAD
Contents: The Board of Directors of Wijaya Baru Global Berhad ("the Company") wishes to announce the disposal of Wijaya International Medical Centre Sdn Bhd, a wholly-owned subsidiary of the Company. Details of the announcement are as set out in the attachment below.
Attachments: Disposal - WIMC.doc
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF WIJAYA INTERNATIONAL MEDICAL CENTRE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WIJAYA BARU GLOBAL BERHAD
Contents: The Board of Directors of Wijaya Baru Global Berhad ("the Company") wishes to announce the disposal of Wijaya International Medical Centre Sdn Bhd, a wholly-owned subsidiary of the Company. Details of the announcement are as set out in the attachment below.
Attachments: Disposal - WIMC.doc
JPK - General Announcement
Announcement Type: General Announcement
Company Name: JPK HOLDINGS BERHAD
Stock Name: JPK
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101029-28438
Subject: JPK HOLDINGS BERHAD ("JPK" OR "THE COMPANY")
- PROPOSED ACQUISITIONS BY JPK OF THE ENTIRE EQUITY INTEREST IN MANHARA FASHION SDN. BHD. ("MFSB"), MANHARA GROUP (M) SDN. BHD. ("MGMSB") AND MYSCAN TECHNOLOGY (M) SDN. BHD. ("MTMSB") FOR A TOTAL PURCHASE CONSIDERATION OF RM177,104,000 ("PROPOSED ACQUISITION")
Contents: We act for and on behalf of JPK.
1. Details of the proposed capital requirements exercise which will form part of the proposed regularisation plan. If the proposed capital recconstruction has not been finalised, to state the reason(s) thereof and the expected timeframe for the announcement.
The Proposed Capital Reconstruction exercise entails inter-alia the followings :-
(i) Proposed par value reduction wherein the issued and paid-up share capital of the Company of RM45,140,000 comprising 45,140,000 ordinary shares of RM1.00 each shall be reduced to RM9,028,000 comprising 45,140,000 ordinary shares of RM0.20 each in JPK, by way of cancellation of RM0.80 of the par value of each existing ordinary share of RM1.00 each in JPK pursuant to Section 64(1) of the Companies Act, 1965;
(ii) Proposed subdivision of every one (1) ordinary share of RM0.20 each after the Proposed Par Value Reduction into two (2) new ordinary shares of RM 0.10 each.
The announcement of the proposed capital reconstruction exercise will be included in the "Requisite Announcement" scheduled to be made by end of January 2011.
2. Additional information on MFSB, MGMSB and MTMSB ("Acquiree Companies") as follows:-
(a) Further descriptions and types of garments and household products dealt by MFSB together with its principal markets;
(b) Further descriptions and types of fashion products, souvenirs, small gifts and household products dealt by MGMSB together with its principal markets;
(c) Further descriptions and types of authomative diagnostic equipment and related products dealt by MTMSB together with its principal markets;
Refer to attachments no. 2 (a), 2(b) and 2(c).
3. Basis and justification in deriving at the PE multiple of 8 times.
Basis and justification in deriving at the PE multiple of 8 times are as follows :
the tremendous and phenomenal growth of the Group for FYE 2010 as compared to FYE2009.
is reasonable in comparison to the present average PE of the Main Market listed companies under the Trading/Services Sector of Bursa Securities of 21.2 times (Source: The Star 29 October 2010).
the tremendous and phenomenal growth of the Group for FYE 2010 as compared to FYE2009. For FYE 30 June 2011 (current year) and onwards annual growth are expected to be in the region of 15%.
4. The outlook of the industry in which the Acquiree Companies is operating on.
Refer to attachment no. 4.
5. Further elaboration and clarification on the prospects of the Acquiree Companies in light of the industry outlook.
Refer to attachment no. 5.
6. Explanatory notes on the material fluctuation in turnover and profits of the Acquiree Companies for the past three (3) financial years and latest unaudited accounts.
Explanatory notes on the material fluctuation in turnover and profits fo the Acquiree Companies for the past three (3) financial years and the latest unaudited accounts are as follows :-
MFSB
Demand has been increasing throughout the years at a much stronger rate especially through 2009 and 2010. Strong hypermarket sales coupled with the opening of new outlets by TESCO, AEON and Carrefour.
Apart from the traditional wholesale traders, new established wholesale traders have been secured.
Credit lines have been increased to wholesale traders that have established relationship of more than 7 years with the Manhara Fashion to about 150 days to 180 days from 120 days previously. This has been increased their orders to MFSB substantially.
Increase fundings from banks (2007 - RM6.9 million to 2010 - RM21.4 million), higher credit lines from Trade Creditors (2010 - RM13 million) and advances from shareholder/director (2010 - RM2.9 million).
Product range for the Group has been broadened throughout the years from a mere 100 items to more than 3,000 items presently.
Maintaining and sharing very low operational cost, present low shipping and transport rates with higher turnover, the profit margin increases significantly.
MGMSB
Demand has been increasing throughout the years at much stronger rate especially through 2009 and 2010. Strong hypermarket sales coupled with the opening of new outlets by TESCO, AEON and Carrefour.
Apart from the traditional wholesale traders, new established wholesale traders have been secured.
Credit lines have been increased to wholesale traders that have established relationship of more than 7 years with Manhara Group to about 150 days to 180 days from 120 days previously. This has increased their orders to MGMSB substantially.
Increase fundings from banks (2007 - RM4.8 million to 2010 - RM13.6 million), higher credit lines from Trade Creditors (2010 - RM6.3 million) and advances from shareholder/director (2010 - RM12.9 million).
Product range for the Group has been broadened throughout the years from a mere 100 items to more than 3,000 items presently.
Maintaining and sharing very low operational cost, present low shipping and transport rates with higher turnover, the profit margin increases significantly.
MTMSB
The Company started its business in 2006. In 2007, the Company only recorded sales of about RM3.0 million with a Profit After Tax (PAT) of about RM39k.
Over the years, the Company was aggressively pushing its product awareness to its customers through advertising. With a well planned advertising and sales strategy coupled with the existing networking of the wholesale traders, the sales has increased tremendously to about RM44.2 million in 2010.
Funding for the increasing in sales is supported by
Banks from RM0.6 million (2007) to RM4.3 million (2010)
Shareholder/Director advances of RM5.5 million (2010)
Trade Creditors of RM8.9 million (2010)
Demand for the Company's product has so far been very encouraging and strong.
With the controlling of operational cost and increase in sales, the profit margin has also increased signifacantly. The PAT for the Company has increased from a mere RM39k (2007) to RM6.7 million (2010) on a turnover of RM3.0 million and RM44.2 million respectively.
This announcement is dated 1 November 2010.
Query Letter content: We refer to your Company's announcement dated 27 October 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. Details of the proposed capital reconstruction exercise which will form part
of the proposed regularisation plan. If the proposed capital reconstruction has
not been finalised, to state the reason(s) thereof and the expected timeframe
for the announcement;
2. Additional information on MFSB, MGMSB and MTMSB ("Acquiree Companies") as
follows :-
a) Further descriptions and types of garments and household products dealt by
MFSB together with its principal markets;
b) Further descriptions and types of fashion products, souvenirs, small gifts
and household products dealt by MGMSB together with its principal markets;
c) Further descriptions and types of automative diagnostic equipment and
related products dealt by MTMSB together with its principal markets.
3. Basis and justification in deriving at the PE multiple of 8 times;
4. The outlook of the industry in which the Acquiree Companies is operating on;
5. Further elaboration and clarification on the prospects of the Acquiree
Companies in light of the industry outlook; and
6. Explanatory notes on the material fluctuation in turnover and profits of the
Acquiree Companies for the past three (3) financial years and latest unaudited
accounts.
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
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Attachments: Attachment-1.11.2010.pdf
Company Name: JPK HOLDINGS BERHAD
Stock Name: JPK
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101029-28438
Subject: JPK HOLDINGS BERHAD ("JPK" OR "THE COMPANY")
- PROPOSED ACQUISITIONS BY JPK OF THE ENTIRE EQUITY INTEREST IN MANHARA FASHION SDN. BHD. ("MFSB"), MANHARA GROUP (M) SDN. BHD. ("MGMSB") AND MYSCAN TECHNOLOGY (M) SDN. BHD. ("MTMSB") FOR A TOTAL PURCHASE CONSIDERATION OF RM177,104,000 ("PROPOSED ACQUISITION")
Contents: We act for and on behalf of JPK.
1. Details of the proposed capital requirements exercise which will form part of the proposed regularisation plan. If the proposed capital recconstruction has not been finalised, to state the reason(s) thereof and the expected timeframe for the announcement.
The Proposed Capital Reconstruction exercise entails inter-alia the followings :-
(i) Proposed par value reduction wherein the issued and paid-up share capital of the Company of RM45,140,000 comprising 45,140,000 ordinary shares of RM1.00 each shall be reduced to RM9,028,000 comprising 45,140,000 ordinary shares of RM0.20 each in JPK, by way of cancellation of RM0.80 of the par value of each existing ordinary share of RM1.00 each in JPK pursuant to Section 64(1) of the Companies Act, 1965;
(ii) Proposed subdivision of every one (1) ordinary share of RM0.20 each after the Proposed Par Value Reduction into two (2) new ordinary shares of RM 0.10 each.
The announcement of the proposed capital reconstruction exercise will be included in the "Requisite Announcement" scheduled to be made by end of January 2011.
2. Additional information on MFSB, MGMSB and MTMSB ("Acquiree Companies") as follows:-
(a) Further descriptions and types of garments and household products dealt by MFSB together with its principal markets;
(b) Further descriptions and types of fashion products, souvenirs, small gifts and household products dealt by MGMSB together with its principal markets;
(c) Further descriptions and types of authomative diagnostic equipment and related products dealt by MTMSB together with its principal markets;
Refer to attachments no. 2 (a), 2(b) and 2(c).
3. Basis and justification in deriving at the PE multiple of 8 times.
Basis and justification in deriving at the PE multiple of 8 times are as follows :
the tremendous and phenomenal growth of the Group for FYE 2010 as compared to FYE2009.
is reasonable in comparison to the present average PE of the Main Market listed companies under the Trading/Services Sector of Bursa Securities of 21.2 times (Source: The Star 29 October 2010).
the tremendous and phenomenal growth of the Group for FYE 2010 as compared to FYE2009. For FYE 30 June 2011 (current year) and onwards annual growth are expected to be in the region of 15%.
4. The outlook of the industry in which the Acquiree Companies is operating on.
Refer to attachment no. 4.
5. Further elaboration and clarification on the prospects of the Acquiree Companies in light of the industry outlook.
Refer to attachment no. 5.
6. Explanatory notes on the material fluctuation in turnover and profits of the Acquiree Companies for the past three (3) financial years and latest unaudited accounts.
Explanatory notes on the material fluctuation in turnover and profits fo the Acquiree Companies for the past three (3) financial years and the latest unaudited accounts are as follows :-
MFSB
Demand has been increasing throughout the years at a much stronger rate especially through 2009 and 2010. Strong hypermarket sales coupled with the opening of new outlets by TESCO, AEON and Carrefour.
Apart from the traditional wholesale traders, new established wholesale traders have been secured.
Credit lines have been increased to wholesale traders that have established relationship of more than 7 years with the Manhara Fashion to about 150 days to 180 days from 120 days previously. This has been increased their orders to MFSB substantially.
Increase fundings from banks (2007 - RM6.9 million to 2010 - RM21.4 million), higher credit lines from Trade Creditors (2010 - RM13 million) and advances from shareholder/director (2010 - RM2.9 million).
Product range for the Group has been broadened throughout the years from a mere 100 items to more than 3,000 items presently.
Maintaining and sharing very low operational cost, present low shipping and transport rates with higher turnover, the profit margin increases significantly.
MGMSB
Demand has been increasing throughout the years at much stronger rate especially through 2009 and 2010. Strong hypermarket sales coupled with the opening of new outlets by TESCO, AEON and Carrefour.
Apart from the traditional wholesale traders, new established wholesale traders have been secured.
Credit lines have been increased to wholesale traders that have established relationship of more than 7 years with Manhara Group to about 150 days to 180 days from 120 days previously. This has increased their orders to MGMSB substantially.
Increase fundings from banks (2007 - RM4.8 million to 2010 - RM13.6 million), higher credit lines from Trade Creditors (2010 - RM6.3 million) and advances from shareholder/director (2010 - RM12.9 million).
Product range for the Group has been broadened throughout the years from a mere 100 items to more than 3,000 items presently.
Maintaining and sharing very low operational cost, present low shipping and transport rates with higher turnover, the profit margin increases significantly.
MTMSB
The Company started its business in 2006. In 2007, the Company only recorded sales of about RM3.0 million with a Profit After Tax (PAT) of about RM39k.
Over the years, the Company was aggressively pushing its product awareness to its customers through advertising. With a well planned advertising and sales strategy coupled with the existing networking of the wholesale traders, the sales has increased tremendously to about RM44.2 million in 2010.
Funding for the increasing in sales is supported by
Banks from RM0.6 million (2007) to RM4.3 million (2010)
Shareholder/Director advances of RM5.5 million (2010)
Trade Creditors of RM8.9 million (2010)
Demand for the Company's product has so far been very encouraging and strong.
With the controlling of operational cost and increase in sales, the profit margin has also increased signifacantly. The PAT for the Company has increased from a mere RM39k (2007) to RM6.7 million (2010) on a turnover of RM3.0 million and RM44.2 million respectively.
This announcement is dated 1 November 2010.
Query Letter content: We refer to your Company's announcement dated 27 October 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. Details of the proposed capital reconstruction exercise which will form part
of the proposed regularisation plan. If the proposed capital reconstruction has
not been finalised, to state the reason(s) thereof and the expected timeframe
for the announcement;
2. Additional information on MFSB, MGMSB and MTMSB ("Acquiree Companies") as
follows :-
a) Further descriptions and types of garments and household products dealt by
MFSB together with its principal markets;
b) Further descriptions and types of fashion products, souvenirs, small gifts
and household products dealt by MGMSB together with its principal markets;
c) Further descriptions and types of automative diagnostic equipment and
related products dealt by MTMSB together with its principal markets.
3. Basis and justification in deriving at the PE multiple of 8 times;
4. The outlook of the industry in which the Acquiree Companies is operating on;
5. Further elaboration and clarification on the prospects of the Acquiree
Companies in light of the industry outlook; and
6. Explanatory notes on the material fluctuation in turnover and profits of the
Acquiree Companies for the past three (3) financial years and latest unaudited
accounts.
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
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Attachments: Attachment-1.11.2010.pdf
SATANG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: DATO' ANUAR BIN JAAFAR
Age: 62
Nationality: Malaysian
Qualifications: 1. Fellow Member of The Institute of Chartered Accountants in England and Wales - FCA(E&W)
2. Member of The Malaysian Institute of Certified Public Accountants - MICPA
3. Registered Member of The Malaysian Institute of Accountants - MIA
Working experience and occupation: Dato' Anuar bin Jaafar began his career with Elles Reeves & Co, Public Accountants in London from 1970 to 1974. From 1974 to 1981, Dato' Anuar has hold various position such as Lecturer, Project Accountant, Finance Manager, Chief Executive Officer and etc for few limited and private limited companies.
Dato' Anuar became the Principal of Anuar Associates from 1981 to 1983. Subsequently, Dato' Anuar has been appointed as Managing Director of Bank Rakyat Malaysia Berhad from 1983 to 1997. Dato' Anuar was also a Director of few public listed companies from 1987 to 1997. Dato' Anuar was the Director of Kedah State Economic Development Corporation and Executive Chairman of Bina Darulaman Berhad from 1996 to 1999.
Dato' Anuar is currently the Executive Chairman of Sequ Group of Companies.
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: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: DATO' ANUAR BIN JAAFAR
Age: 62
Nationality: Malaysian
Qualifications: 1. Fellow Member of The Institute of Chartered Accountants in England and Wales - FCA(E&W)
2. Member of The Malaysian Institute of Certified Public Accountants - MICPA
3. Registered Member of The Malaysian Institute of Accountants - MIA
Working experience and occupation: Dato' Anuar bin Jaafar began his career with Elles Reeves & Co, Public Accountants in London from 1970 to 1974. From 1974 to 1981, Dato' Anuar has hold various position such as Lecturer, Project Accountant, Finance Manager, Chief Executive Officer and etc for few limited and private limited companies.
Dato' Anuar became the Principal of Anuar Associates from 1981 to 1983. Subsequently, Dato' Anuar has been appointed as Managing Director of Bank Rakyat Malaysia Berhad from 1983 to 1997. Dato' Anuar was also a Director of few public listed companies from 1987 to 1997. Dato' Anuar was the Director of Kedah State Economic Development Corporation and Executive Chairman of Bina Darulaman Berhad from 1996 to 1999.
Dato' Anuar is currently the Executive Chairman of Sequ Group of Companies.
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
SATANG - General Announcement
Announcement Type: General Announcement
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: Satang Holdings Berhad ("Satang" or "the Company") - Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Amended Practice Note No. 17/2005 ("PN17")
Contents: Reference is made to the Company's announcements dated 7 May 2008 ("First Announcement"), 2 June 2008, 1 July 2008, 1 August 2008, 2 September 2008, 3 October 2008, 7 October 2008, 3 November 2008, 1 December 2008, 22 December 2008, 6 January 2009, 7 January 2009, 15 January 2009, 3 February 2009, 2 March 2009, 24 March 2009, 1 April 2009, 2 April 2009, 23 April 2009, 6 May 2009, 1 June 2009, 22 June 2009, 1 July 2009, 2 July 2009, 3 July 2009, 6 July 2009, 7 July 2009, 17 July 2009, 3 August 2009, 1 September 2009, 7 September 2009, 27 October 2009, 30 October 2009, 2 November 2009, 16 November 2009, 1 December 2009, 5 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 28 April 2010, 3 May 2010, 1 June 2010, 1 July 2010, 2 August 2010, 1 September 2010 and 1 October 2010 respectively.
The Board of Directors wishes to announce that the revised listing application which has been previously submitted to Bursa Malaysia Securities Berhad ("Bursa Securities") on 6 May 2010, is still pending for Bursa Securities' approval. In addition, the Company is currently in the midst of finalising the reply to the Bursa Securities' queries dated 12 July 2010.
This announcement is dated 1 November 2010.
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: Satang Holdings Berhad ("Satang" or "the Company") - Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Amended Practice Note No. 17/2005 ("PN17")
Contents: Reference is made to the Company's announcements dated 7 May 2008 ("First Announcement"), 2 June 2008, 1 July 2008, 1 August 2008, 2 September 2008, 3 October 2008, 7 October 2008, 3 November 2008, 1 December 2008, 22 December 2008, 6 January 2009, 7 January 2009, 15 January 2009, 3 February 2009, 2 March 2009, 24 March 2009, 1 April 2009, 2 April 2009, 23 April 2009, 6 May 2009, 1 June 2009, 22 June 2009, 1 July 2009, 2 July 2009, 3 July 2009, 6 July 2009, 7 July 2009, 17 July 2009, 3 August 2009, 1 September 2009, 7 September 2009, 27 October 2009, 30 October 2009, 2 November 2009, 16 November 2009, 1 December 2009, 5 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 28 April 2010, 3 May 2010, 1 June 2010, 1 July 2010, 2 August 2010, 1 September 2010 and 1 October 2010 respectively.
The Board of Directors wishes to announce that the revised listing application which has been previously submitted to Bursa Malaysia Securities Berhad ("Bursa Securities") on 6 May 2010, is still pending for Bursa Securities' approval. In addition, the Company is currently in the midst of finalising the reply to the Bursa Securities' queries dated 12 July 2010.
This announcement is dated 1 November 2010.
SATANG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
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: DATO' ANUAR BIN JAAFAR
Age: 62
Nationality: Malaysian
Qualifications: 1. Fellow Member of The Institute of Chartered Accountants in England and Wales - FCA(E&W)
2. Member of The Malaysian Institute of Certified Public Accountants - MICPA
3. Registered Member of The Malaysian Institute of Accountants - MIA
Working experience and occupation: Dato' Anuar bin Jaafar began his career with Elles Reeves & Co, Public Accountants in London from 1970 to 1974. From 1974 to 1981, Dato' Anuar has hold various position such as Lecturer, Project Accountant, Finance Manager, Chief Executive Officer and etc for few limited and private limited companies.
Dato' Anuar became the Principal of Anuar Associates from 1981 to 1983. Subsequently, Dato' Anuar has been appointed as Managing Director of Bank Rakyat Malaysia Berhad from 1983 to 1997. Dato' Anuar was also a Director of few public listed companies from 1987 to 1997. Dato' Anuar was the Director of Kedah State Economic Development Corporation and Executive Chairman of Bina Darulaman Berhad from 1996 to 1999.
Dato' Anuar is currently the Executive Chairman of Sequ Group of Companies.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Izham bin Yusoff - Chairman (Independent & Non-Executive Director)
2. Syed Abdul Razak bin Syed Long Alsagoff - Member (Independent & Non-Executive Director)
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
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: DATO' ANUAR BIN JAAFAR
Age: 62
Nationality: Malaysian
Qualifications: 1. Fellow Member of The Institute of Chartered Accountants in England and Wales - FCA(E&W)
2. Member of The Malaysian Institute of Certified Public Accountants - MICPA
3. Registered Member of The Malaysian Institute of Accountants - MIA
Working experience and occupation: Dato' Anuar bin Jaafar began his career with Elles Reeves & Co, Public Accountants in London from 1970 to 1974. From 1974 to 1981, Dato' Anuar has hold various position such as Lecturer, Project Accountant, Finance Manager, Chief Executive Officer and etc for few limited and private limited companies.
Dato' Anuar became the Principal of Anuar Associates from 1981 to 1983. Subsequently, Dato' Anuar has been appointed as Managing Director of Bank Rakyat Malaysia Berhad from 1983 to 1997. Dato' Anuar was also a Director of few public listed companies from 1987 to 1997. Dato' Anuar was the Director of Kedah State Economic Development Corporation and Executive Chairman of Bina Darulaman Berhad from 1996 to 1999.
Dato' Anuar is currently the Executive Chairman of Sequ Group of Companies.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Izham bin Yusoff - Chairman (Independent & Non-Executive Director)
2. Syed Abdul Razak bin Syed Long Alsagoff - Member (Independent & Non-Executive Director)
SATANG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Others
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Syed Abdul Razak bin Syed Long Alsagoff
Age: 50
Nationality: Malaysian
Qualifications: BSc Agribusiness, Universiti Pertanian Malaysia.
Working experience and occupation: Syed Abdul Razak Alsagoff, aged 48, graduated from Universiti Pertanian Malaysia with a BSc (Agribusiness) on a Malaysian Tobacco Company Scholarship in 1984. In 1981, he attended summer sessions at Sophia University, Tokyo on a Japan Airlines Scholarship. From 1984 to 1985, he was with IBM World Trade Corporation in the marketing department. From 1985 to 1989, he was Fina Oil's state distributor for Negeri Sembilan. In 1989, he was one of the youngest to receive a PJK from Duli Yam Tuan Negeri Sembilan. From 1989 to 1993, he was a remisier with Mohaiyani Securities Sdn Bhd. He is currently Chairman of Wire & Wire (Malaysia) SDn Bhd and a director of Nova Domino Sdn Bhd, a full offset printing company. From 1989 to 1994, he was treasurer of UMNO Youth Jalan Sultan Ismail Branch, Bukit Bintang. He is an alumni member of Sek Men Sains Selangor and an Old Boy of St John's Institution, Kuala Lumpur. He was the YDP PIBG of SK Bandar Sri Damansara 1 from 2004 to 2007. Currently he is the new YDP PIBG of Sek Men Keb Bandar Sri Damansara 1. He is also the Deputy President of Bandar Sri Damansara Residents Association, a township of 60,000 population. He is also Secretary of Kelab Sukan Bermotor Integrasi an affiliate of MAM (Motorsports Association of Malaysia) based at Speedway PLUS Circuit, USJ, Subang Jaya. Syed Razak Alsagoff is also a regular political commentator and guest on Hello Malaysia, Bernama TV, Channel 502.
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: 370,000 ordinary shares of RM0.50 each
Composition of Audit Committee (Name and Directorate of members after change): None
Remarks: The Board of Directors of the Company had during the Board's meeting held on 1 November 2010 approved to dissolve the existing Audit Committee entirely with immediate effect and had agreed to reconsitute the new Audit Committee within 21 days.
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Others
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Syed Abdul Razak bin Syed Long Alsagoff
Age: 50
Nationality: Malaysian
Qualifications: BSc Agribusiness, Universiti Pertanian Malaysia.
Working experience and occupation: Syed Abdul Razak Alsagoff, aged 48, graduated from Universiti Pertanian Malaysia with a BSc (Agribusiness) on a Malaysian Tobacco Company Scholarship in 1984. In 1981, he attended summer sessions at Sophia University, Tokyo on a Japan Airlines Scholarship. From 1984 to 1985, he was with IBM World Trade Corporation in the marketing department. From 1985 to 1989, he was Fina Oil's state distributor for Negeri Sembilan. In 1989, he was one of the youngest to receive a PJK from Duli Yam Tuan Negeri Sembilan. From 1989 to 1993, he was a remisier with Mohaiyani Securities Sdn Bhd. He is currently Chairman of Wire & Wire (Malaysia) SDn Bhd and a director of Nova Domino Sdn Bhd, a full offset printing company. From 1989 to 1994, he was treasurer of UMNO Youth Jalan Sultan Ismail Branch, Bukit Bintang. He is an alumni member of Sek Men Sains Selangor and an Old Boy of St John's Institution, Kuala Lumpur. He was the YDP PIBG of SK Bandar Sri Damansara 1 from 2004 to 2007. Currently he is the new YDP PIBG of Sek Men Keb Bandar Sri Damansara 1. He is also the Deputy President of Bandar Sri Damansara Residents Association, a township of 60,000 population. He is also Secretary of Kelab Sukan Bermotor Integrasi an affiliate of MAM (Motorsports Association of Malaysia) based at Speedway PLUS Circuit, USJ, Subang Jaya. Syed Razak Alsagoff is also a regular political commentator and guest on Hello Malaysia, Bernama TV, Channel 502.
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: 370,000 ordinary shares of RM0.50 each
Composition of Audit Committee (Name and Directorate of members after change): None
Remarks: The Board of Directors of the Company had during the Board's meeting held on 1 November 2010 approved to dissolve the existing Audit Committee entirely with immediate effect and had agreed to reconsitute the new Audit Committee within 21 days.
SATANG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Others
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Izham bin Yusoff
Age: 43
Nationality: Malaysian
Qualifications: Bachelor in Accounting degree in 1990 and a Master of Business Administration (Accounting & International Business) degree in 1991, both from the University of Miami, USA.
Working experience and occupation: Began his career with Citibank NA in Miami as Assistant Business Planning & Analysis Manager from January 1992 to June 1992 before joining Procter & Gamble in Singapore as Financial Analysis Manager, Corporate from July 1992 to September 1995. He then joined Citibank Berhad in Malaysia as Financial Controller from October 1995 to November 1996. He was the Corporate Strategy Manager with Maxis Berhad from December 1996 to December 1997, Special Assistant to the Managing Director of EON Berhad from January 1998 to July 2002 and Managing Director of Amanah Raya Berhad from August 2002 to 30 June 2004. He was the CEO of KUB Malaysia Berhad from 1 July 2004 to 31 March 2007. He is currently the COO and Executive Director of Ninebio Sdn Bhd. He is also the director of Bursa Malaysia Berhad.
Directorship of public companies (if any): Bursa Malaysia 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: Nil
Composition of Audit Committee (Name and Directorate of members after change): None
Remarks: The Board of Directors of the Company had during the Board's meeting held on 1 November 2010 approved to dissolve the existing Audit Committee entirely with immediate effect and had agreed to reconsitute the new Audit Committee within 21 days.
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Others
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Izham bin Yusoff
Age: 43
Nationality: Malaysian
Qualifications: Bachelor in Accounting degree in 1990 and a Master of Business Administration (Accounting & International Business) degree in 1991, both from the University of Miami, USA.
Working experience and occupation: Began his career with Citibank NA in Miami as Assistant Business Planning & Analysis Manager from January 1992 to June 1992 before joining Procter & Gamble in Singapore as Financial Analysis Manager, Corporate from July 1992 to September 1995. He then joined Citibank Berhad in Malaysia as Financial Controller from October 1995 to November 1996. He was the Corporate Strategy Manager with Maxis Berhad from December 1996 to December 1997, Special Assistant to the Managing Director of EON Berhad from January 1998 to July 2002 and Managing Director of Amanah Raya Berhad from August 2002 to 30 June 2004. He was the CEO of KUB Malaysia Berhad from 1 July 2004 to 31 March 2007. He is currently the COO and Executive Director of Ninebio Sdn Bhd. He is also the director of Bursa Malaysia Berhad.
Directorship of public companies (if any): Bursa Malaysia 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: Nil
Composition of Audit Committee (Name and Directorate of members after change): None
Remarks: The Board of Directors of the Company had during the Board's meeting held on 1 November 2010 approved to dissolve the existing Audit Committee entirely with immediate effect and had agreed to reconsitute the new Audit Committee within 21 days.
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