TASCO - TASCO Berhad ("TASCO" or "the Company") - Outstanding Related Party Receivables
Announcement Type: General Announcement
Company Name: TASCO BERHAD
Stock Name: TASCO
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: TASCO Berhad ("TASCO" or "the Company")
- Outstanding Related Party Receivables
Contents: The Board of Directors of TASCO wishes to inform the status of the outstanding related party receivables as at 30 September 2010 as set out below.
The related party receivables outstanding of RM4,566 for more than 12 months were in relation to the transactions entered with the oversea agents of NYK and YUSEN Group for the international air freight and sea freight shipments. Due to the various operation complications and disputes in some of these shipments, the Group was delayed in settling the outstanding debts. The management will continue to follow up on the status of the case and will take appropriate action to recover the outstanding amounts.
The Group is expecting to fully recover the aforesaid related party receivables by 31 March 2011.
Company Name: TASCO BERHAD
Stock Name: TASCO
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: TASCO Berhad ("TASCO" or "the Company")
- Outstanding Related Party Receivables
Contents: The Board of Directors of TASCO wishes to inform the status of the outstanding related party receivables as at 30 September 2010 as set out below.
The related party receivables outstanding of RM4,566 for more than 12 months were in relation to the transactions entered with the oversea agents of NYK and YUSEN Group for the international air freight and sea freight shipments. Due to the various operation complications and disputes in some of these shipments, the Group was delayed in settling the outstanding debts. The management will continue to follow up on the status of the case and will take appropriate action to recover the outstanding amounts.
The Group is expecting to fully recover the aforesaid related party receivables by 31 March 2011.
STAR - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: STAR PUBLICATIONS (MALAYSIA) BERHAD
Stock Name: STAR
Date Announced: 11/11/2010
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: STAR PUBLICATIONS (MALAYSIA) BERHAD
Stock Name: STAR
Date Announced: 11/11/2010
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)
SUNCITY - SUNWAY CITY BERHAD ("SUNCITY") - ACQUISITION OF SHARES BY SUNCITY
Announcement Type: General Announcement
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SUNCITY")
- ACQUISITION OF SHARES BY SUNCITY
Contents: We wish to inform that SunCity has on 11 November 2010, acquired two (2) ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Loyal Connection Sdn Bhd ("LCSB") for a total consideration of RM2/-.
LCSB was incorporated on 3 September 2010 and its authorised and paid-up share capital are RM100,000/- and RM2/- respectively. Its intended principal activity is managing and operating of Sunway Loyalty Program.
None of the directors or substantial shareholders of SunCity or persons connected with them has any interest, direct or indirect in the aforesaid acquisition.
This announcement is dated 11 November 2010.
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SUNCITY")
- ACQUISITION OF SHARES BY SUNCITY
Contents: We wish to inform that SunCity has on 11 November 2010, acquired two (2) ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Loyal Connection Sdn Bhd ("LCSB") for a total consideration of RM2/-.
LCSB was incorporated on 3 September 2010 and its authorised and paid-up share capital are RM100,000/- and RM2/- respectively. Its intended principal activity is managing and operating of Sunway Loyalty Program.
None of the directors or substantial shareholders of SunCity or persons connected with them has any interest, direct or indirect in the aforesaid acquisition.
This announcement is dated 11 November 2010.
BINTAI - Bintai Kinden Corporation Berhad ("BKCB" or "the Company") - Change in Nomination Committee
Announcement Type: General Announcement
Company Name: BINTAI KINDEN CORPORATION BERHAD
Stock Name: BINTAI
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: Bintai Kinden Corporation Berhad ("BKCB" or "the Company")
- Change in Nomination Committee
Contents: The Board of Directors of BKCB wishes to announce that Mr. Sherman Lam Yuen Suen has been appointed as a member of the Nomination Committee with effect from 11 November 2010 in place of Mr. Foong Chee Meng who ceased as a member of the Nomination Committee following his resignation as a Director of the Company on 19 October 2010.
The composition of the Nomination Committee after the change is as follows:-
Tan Sri Dato' Kamaruzzaman Bin Shariff (Chairman)
Ong Puay Koon
Sherman Lam Yuen Suen
Company Name: BINTAI KINDEN CORPORATION BERHAD
Stock Name: BINTAI
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: Bintai Kinden Corporation Berhad ("BKCB" or "the Company")
- Change in Nomination Committee
Contents: The Board of Directors of BKCB wishes to announce that Mr. Sherman Lam Yuen Suen has been appointed as a member of the Nomination Committee with effect from 11 November 2010 in place of Mr. Foong Chee Meng who ceased as a member of the Nomination Committee following his resignation as a Director of the Company on 19 October 2010.
The composition of the Nomination Committee after the change is as follows:-
Tan Sri Dato' Kamaruzzaman Bin Shariff (Chairman)
Ong Puay Koon
Sherman Lam Yuen Suen
BINTAI - Bintai Kinden Corporation Berhad ("BKCB" or "the Company") - Employees' Share Option Scheme ("ESOS")
Announcement Type: General Announcement
Company Name: BINTAI KINDEN CORPORATION BERHAD
Stock Name: BINTAI
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: Bintai Kinden Corporation Berhad ("BKCB" or "the Company")
- Employees' Share Option Scheme ("ESOS")
Contents: The Company's existing ESOS, which was implemented on 10 December 2005, is due to expire on 9 December 2010. The Board of Directors of BKCB wishes to announce that the Company has decided not to extend the existing ESOS.
This announcement is dated 11 November 2010.
Company Name: BINTAI KINDEN CORPORATION BERHAD
Stock Name: BINTAI
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: Bintai Kinden Corporation Berhad ("BKCB" or "the Company")
- Employees' Share Option Scheme ("ESOS")
Contents: The Company's existing ESOS, which was implemented on 10 December 2005, is due to expire on 9 December 2010. The Board of Directors of BKCB wishes to announce that the Company has decided not to extend the existing ESOS.
This announcement is dated 11 November 2010.
YIKON - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: YIKON CORPORATION BERHAD
Stock Name: YIKON
Date Announced: 11/11/2010
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: YIKON CORPORATION BERHAD
Stock Name: YIKON
Date Announced: 11/11/2010
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)
PRKCORP - General Announcement
Announcement Type: General Announcement
Company Name: PERAK CORPORATION BERHAD
Stock Name: PRKCORP
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: TERMINATION OF SHAREHOLDERS AGREEMENT
- NOTICE TO ARBITRATE
- NOTICE TO EXERCISE OPTION TO PURCHASE SHARES
Contents: For consistency purposes, all the abbreviations used in this announcement shall have the same meanings as those provided in the earlier announcement dated 29 October 2010.
Further to our announcement made on 29 October 2010 in relation to the Termination, on behalf of Perak Corporation Berhad, we wish to inform that Taipan Merit Sdn Bhd ("TMSB")'s solicitors had on 10 November 2010 received two notices from the solicitors acting for Integrax Berhad ("Integrax") and Pelabuhan Lumut Sdn Bhd on the following matters:
1. NOTICE TO ARBITRATE ("Notice I")
Integrax has given notice to arbitrate the disputes that have arisen from the Termination pursuant to Clause 16 of the SHA. In reply to the Notice I, TMSB, via its solicitors, has written to the solicitors acting for Integrax on 11 November 2010 stating it will inform Integrax of its choice of Arbitrator in due course. In the mean time, TMSB is seeking legal advice on the matter.
2. NOTICE TO EXERCISE OPTION TO PURCHASE SHARES ("Notice II")
Integrax has given notice to exercise its discretion to exercise the option pursuant to Clause 11 of the SHA requiring TMSB to transfer its shares in LMTSB to Integrax within thirty (30) days of the Notice II ("Option").
In reply to the Notice II, TMSB, via its solicitors, has written to the solicitors acting for Integrax on 11 November 2010 stating its position that Integrax is in no legal position to exercise the Option as the Option belongs to the non-defaulting party. Given the Termination by TMSB on 28 October 2010, the non-defaulting party is TMSB.
For further reference, we wish to refer to the related announcement made by Integrax via Bursa Link.
This announcement is dated 11 November 2010.
Copy to:
Issues & Investment Division
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara, 50490 Kuala Lumpur
(Attention: Eugene Wong Weng Soon)
Company Name: PERAK CORPORATION BERHAD
Stock Name: PRKCORP
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: TERMINATION OF SHAREHOLDERS AGREEMENT
- NOTICE TO ARBITRATE
- NOTICE TO EXERCISE OPTION TO PURCHASE SHARES
Contents: For consistency purposes, all the abbreviations used in this announcement shall have the same meanings as those provided in the earlier announcement dated 29 October 2010.
Further to our announcement made on 29 October 2010 in relation to the Termination, on behalf of Perak Corporation Berhad, we wish to inform that Taipan Merit Sdn Bhd ("TMSB")'s solicitors had on 10 November 2010 received two notices from the solicitors acting for Integrax Berhad ("Integrax") and Pelabuhan Lumut Sdn Bhd on the following matters:
1. NOTICE TO ARBITRATE ("Notice I")
Integrax has given notice to arbitrate the disputes that have arisen from the Termination pursuant to Clause 16 of the SHA. In reply to the Notice I, TMSB, via its solicitors, has written to the solicitors acting for Integrax on 11 November 2010 stating it will inform Integrax of its choice of Arbitrator in due course. In the mean time, TMSB is seeking legal advice on the matter.
2. NOTICE TO EXERCISE OPTION TO PURCHASE SHARES ("Notice II")
Integrax has given notice to exercise its discretion to exercise the option pursuant to Clause 11 of the SHA requiring TMSB to transfer its shares in LMTSB to Integrax within thirty (30) days of the Notice II ("Option").
In reply to the Notice II, TMSB, via its solicitors, has written to the solicitors acting for Integrax on 11 November 2010 stating its position that Integrax is in no legal position to exercise the Option as the Option belongs to the non-defaulting party. Given the Termination by TMSB on 28 October 2010, the non-defaulting party is TMSB.
For further reference, we wish to refer to the related announcement made by Integrax via Bursa Link.
This announcement is dated 11 November 2010.
Copy to:
Issues & Investment Division
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara, 50490 Kuala Lumpur
(Attention: Eugene Wong Weng Soon)
MAHSING - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
(i) Proposed issuance of up to RM325 million nominal value of 7-year Redeemable Convertible Secured Bonds ("Proposed Bonds Issue"); and
(ii) Proposed increase in the authorised share capital of the Company from RM500,000,000 comprising 1,000,000,000 ordinary shares of RM0.50 each in Mah Sing ("Mah Sing Shares") to RM1,000,000,000 comprising 2,000,000,000 Mah Sing Shares ("Proposed Increase In Authorised Share Capital").
(collectively referred to as the "Proposals")
Contents: We refer to the earlier announcements dated 9 September 2010, 7 October 2010, 28 October 2010, 4 November 2010 and 9 November 2010 in relation to the Proposals.
On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad is pleased to announce that the Ministry of International Trade and Industry had, vide its letter dated 9 November 2010 (which was received on 11 November 2010), approved the application for the Proposed Bonds Issue.
This announcement is dated 11 November 2010.
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: MAH SING GROUP BERHAD
Stock Name: MAHSING
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
(i) Proposed issuance of up to RM325 million nominal value of 7-year Redeemable Convertible Secured Bonds ("Proposed Bonds Issue"); and
(ii) Proposed increase in the authorised share capital of the Company from RM500,000,000 comprising 1,000,000,000 ordinary shares of RM0.50 each in Mah Sing ("Mah Sing Shares") to RM1,000,000,000 comprising 2,000,000,000 Mah Sing Shares ("Proposed Increase In Authorised Share Capital").
(collectively referred to as the "Proposals")
Contents: We refer to the earlier announcements dated 9 September 2010, 7 October 2010, 28 October 2010, 4 November 2010 and 9 November 2010 in relation to the Proposals.
On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad is pleased to announce that the Ministry of International Trade and Industry had, vide its letter dated 9 November 2010 (which was received on 11 November 2010), approved the application for the Proposed Bonds Issue.
This announcement is dated 11 November 2010.
KKB - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: KKB ENGINEERING BERHAD
Stock Name: KKB
Date Announced: 11/11/2010
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: KKB ENGINEERING BERHAD
Stock Name: KKB
Date Announced: 11/11/2010
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)
LINEAR - General Announcement
Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ("Linear" of "Company")
NOTICE PURSUANT TO SECTION 218 OF THE COMPANIES
ACT 1965
Contents: Notice Pursuant to Section 218 of The Companies Act 1965 (Notice)
has been served today on BAC Cooling Technology Sdn. Bhd.
("BAC"), a 70% owned subsidiary of the Company, by solicitors acting
for RHB Bank Berhad. ("RHB")
1) DETAILS OF DEFAULT
A sum of RM2,033,082.40 together with interest thereon at the rate of 3.5% per annum
above RHB's Base Lending Rate with monthly rest from 01/09/09 until the date of full
settlement and costs is demanded and BAC must pay the debt or secure or compound
for it to the RHB's satisfaction within 21 days from date of service (11th November 2010)
of this demand.
This amount is derived from a Judgement dated 28/07/10 obtained by RHB against the
Company and its 70% owned subsidiary of the company in respect of Pulau Pinang High
Court Suit No. 22-701-2009. The subsidiary had defaulted in its unsecured banking facilities
comprising of banker's acceptance.
2) WHETHER BAC IS A MAJOR SUBSIDIARY
BAC Cooling Technology Sdn. Bhd. is not a major subsidiary .
3) TOTAL COST OF INVESTMENT IN LCISB
The total cost of investment is RM1,729,000.00.
4) FINANCIAL & OPERATIONAL IMPACT OF THE NOTICE ON THE GROUP
There is no financial and operational impact on the Group. BAC is taking urgent steps to
resolve the matter amicably and negotiate a deferred payment plan that will be acceptable
to the RHB.
5) EXPECTED LOSSES, IF ANY ARISING FROM THE NOTICE
The Group will not incur further losses as the amount claimed has been recorded in the
financial statements.
This announcement is dated 11th day of November, 2010.
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 11/11/2010
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ("Linear" of "Company")
NOTICE PURSUANT TO SECTION 218 OF THE COMPANIES
ACT 1965
Contents: Notice Pursuant to Section 218 of The Companies Act 1965 (Notice)
has been served today on BAC Cooling Technology Sdn. Bhd.
("BAC"), a 70% owned subsidiary of the Company, by solicitors acting
for RHB Bank Berhad. ("RHB")
1) DETAILS OF DEFAULT
A sum of RM2,033,082.40 together with interest thereon at the rate of 3.5% per annum
above RHB's Base Lending Rate with monthly rest from 01/09/09 until the date of full
settlement and costs is demanded and BAC must pay the debt or secure or compound
for it to the RHB's satisfaction within 21 days from date of service (11th November 2010)
of this demand.
This amount is derived from a Judgement dated 28/07/10 obtained by RHB against the
Company and its 70% owned subsidiary of the company in respect of Pulau Pinang High
Court Suit No. 22-701-2009. The subsidiary had defaulted in its unsecured banking facilities
comprising of banker's acceptance.
2) WHETHER BAC IS A MAJOR SUBSIDIARY
BAC Cooling Technology Sdn. Bhd. is not a major subsidiary .
3) TOTAL COST OF INVESTMENT IN LCISB
The total cost of investment is RM1,729,000.00.
4) FINANCIAL & OPERATIONAL IMPACT OF THE NOTICE ON THE GROUP
There is no financial and operational impact on the Group. BAC is taking urgent steps to
resolve the matter amicably and negotiate a deferred payment plan that will be acceptable
to the RHB.
5) EXPECTED LOSSES, IF ANY ARISING FROM THE NOTICE
The Group will not incur further losses as the amount claimed has been recorded in the
financial statements.
This announcement is dated 11th day of November, 2010.
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