WARISAN - General Announcement
Announcement Type: General Announcement
Company Name: WARISAN TC HOLDINGS BERHAD
Stock Name: WARISAN
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: WARISAN TC HOLDINGS BERHAD
PROPOSED ACQUISITION OF THE REMAINING 30% EQUITY INTEREST IN MAYFLOWER AMERICAN EXPRESS TRAVEL SERVICES SDN BHD BY BELIZE HOLDINGS SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors of Warisan TC Holdings Berhad ("WTCH" or "the Company") is pleased to announce that Belize Holdings Sdn Bhd ("Belize"), a wholly-owned subsidiary of WTCH, has on 16 November 2010 entered into a Share Sale and Purchase Agreement ("SPA") with American Express Travel Holdings (M) Company Sdn Bhd ("AET") for the acquisition of 177,601 ordinary shares of RM1.00 each in Mayflower American Express Travel Services Sdn Bhd ("MAE") representing the remaining 30% of the issued and paid-up share capital of MAE ("Sale Shares") for a total cash consideration of RM13,000,000 ("the Proposed Acquisition").
Upon completion of the Proposed Acquisition, MAE will become a wholly-owned subsidiary of Belize and an indirect wholly-owned subsidiary of WTCH.
2. DETAILS OF THE ACQUISITION
2.1 Information on Belize
Belize is a private limited company incorporated in Malaysia on 4 April 1997 with the principal activity of investment holding. It has an authorized share capital of RM500,000 divided into 500,000 ordinary shares of RM1.00 each of which 300,000 ordinary shares have been issued and are fully paid up.
2.2 Information on AET
AET is a private limited company incorporated in Malaysia on 8 July 1999 with the principal activity of investment holding. It has an authorized share capital of RM100,000 divided into 100,000 ordinary shares of RM1.00 each of which 2 ordinary shares have been issued and are fully paid up.
2.3 Information on MAE
MAE is a private limited company incorporated in Malaysia on 18 June 1984 under the name of Travel Shoppe Sdn Bhd with the principal activity of provision of air ticketing services and operation of inbound tours. MAE assumed its present name on 6 September 2000. It has an authorized share capital of RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each of which 592,002 ordinary shares have been issued and are fully paid up.
Belize and AET are the registered and beneficial owners of 70% and 30% of the equity interest in MAE respectively.
A Joint Venture Agreement dated 24 August 2000 was entered into between AET, Belize, Mayflower Acme Tours Sdn Bhd ("MAT") and MAE whereby the parties have agreed to inter alia, establish a travel agency called MAE to provide travel management services as well as inbound support to travelers from around the world. Previously, MAT was appointed a travel representative to handle inbound travel for AET's travel customers and card members. Pursuant to the said Joint Venture Agreement, these business activities of MAT were transferred to MAE. MAT is a wholly-owned subsidiary of WTCH and is principally engaged in the operation of inbound and outbound tours and the provision of cars and coaches for rental and leasing.
2.4 Salient Terms of the SPA
The salient terms of the SPA are as follows :-
(i) AET has agreed to sell and Belize has agreed to purchase the Sale Shares for a total cash consideration of RM13,000,000 ("Purchase Price").
(ii) The Sale Shares will be purchased free from all encumbrances and together with all rights now or hereafter attaching thereto.
(iii) Upon execution of the SPA,
? Belize shall pay RM13,000,000 to AET being the Purchase Price for the Sale Shares.
? MAE shall simultaneously enter into Travel Network and Trademark License Agreements with American Express Limited ("Amexco") in respect of the appointment of MAE by Amexco to act as Amexco's non-exclusive travel partner network to carry on travel operation by providing business travel services to corporate and consumer clients in Malaysia using the trademarks and/or service marks of Amexco.
? Belize shall also enter into a Termination Agreement with AET, MAE and MAT to terminate the Joint Venture Agreement dated 24 August 2000.
2.5 Basis for the Purchase Price
The Purchase Price for the Proposed Acquisition was arrived at on a willing buyer-willing seller basis after taking into consideration the historical performance, earnings projection and future prospects of MAE.
The Purchase Price will be satisfied entirely by cash from external borrowings.
3. RATIONALE FOR THE PROPOSED ACQUISITION
The Proposed Acquisition will enable the WTCH Group to participate fully in the management of MAE after partnering with AET for the past 10 years and to share the best practices of MAE with MAT. The Proposed Acquisition will also enable the Group to consolidate and leverage on MAE's travel volumes for negotiation with suppliers for better air fares and seat inventory.
4. FINANCIAL EFFECTS
The Proposed Acquisition is not expected to have any material effect on the earnings per share, net assets per share and gearing of the WTCH Group for the current financial year ending 31 December 2010. However, it is expected to contribute positively to the Group's earnings in the longer term.
The Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholdings of WTCH.
5. APPROVALS REQUIRED
The Proposed Acquisition does not require the approval of the shareholders of WTCH.
6. PROSPECTS AND RISK FACTORS
The travel and tourism industry is expected to grow. MAE has an established infrastructure in place, and will continue with the acquisition of corporate accounts to expand its market share and this will ultimately improve its earnings in the long term. Amexco is the global leader in business travel management services and the appointment of MAE as Amexco's travel partner network will further enhance MAE position in the market.
The Board of Directors does not foresee any risk factor arising from the Proposed Acquisition except for competitive risk, business risk, economic risk, risks arising from changes in the Government policies/legislation etc., normally associated with the travel/tourism industry, for which the WTCH Group is already involved in. No assurance can however be given that any adverse development in such risk areas would not affect the business and/or financial position/performance of MAE.
7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the directors or major shareholders of WTCH or persons connected with them, has any interest, direct or indirect, in the Proposed Acquisition.
8. STATEMENT BY DIRECTORS
The Board of Directors of WTCH, having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of WTCH Group.
9. PERCENTAGE RATIO
The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 11.5% based on the audited financial statements of WTCH for the financial year ended 31 December 2009.
10. DOCUMENT FOR INSPECTION
A copy of the SPA is available for inspection at the Registered Office of WTCH at 62-68, Jalan Ipoh, 51200 Kuala Lumpur from Mondays to Fridays (except public holidays) during normal business hours for a period of three (3) months from the date of this announcement.
This announcement is dated 16 November 2010.
Company Name: WARISAN TC HOLDINGS BERHAD
Stock Name: WARISAN
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: WARISAN TC HOLDINGS BERHAD
PROPOSED ACQUISITION OF THE REMAINING 30% EQUITY INTEREST IN MAYFLOWER AMERICAN EXPRESS TRAVEL SERVICES SDN BHD BY BELIZE HOLDINGS SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors of Warisan TC Holdings Berhad ("WTCH" or "the Company") is pleased to announce that Belize Holdings Sdn Bhd ("Belize"), a wholly-owned subsidiary of WTCH, has on 16 November 2010 entered into a Share Sale and Purchase Agreement ("SPA") with American Express Travel Holdings (M) Company Sdn Bhd ("AET") for the acquisition of 177,601 ordinary shares of RM1.00 each in Mayflower American Express Travel Services Sdn Bhd ("MAE") representing the remaining 30% of the issued and paid-up share capital of MAE ("Sale Shares") for a total cash consideration of RM13,000,000 ("the Proposed Acquisition").
Upon completion of the Proposed Acquisition, MAE will become a wholly-owned subsidiary of Belize and an indirect wholly-owned subsidiary of WTCH.
2. DETAILS OF THE ACQUISITION
2.1 Information on Belize
Belize is a private limited company incorporated in Malaysia on 4 April 1997 with the principal activity of investment holding. It has an authorized share capital of RM500,000 divided into 500,000 ordinary shares of RM1.00 each of which 300,000 ordinary shares have been issued and are fully paid up.
2.2 Information on AET
AET is a private limited company incorporated in Malaysia on 8 July 1999 with the principal activity of investment holding. It has an authorized share capital of RM100,000 divided into 100,000 ordinary shares of RM1.00 each of which 2 ordinary shares have been issued and are fully paid up.
2.3 Information on MAE
MAE is a private limited company incorporated in Malaysia on 18 June 1984 under the name of Travel Shoppe Sdn Bhd with the principal activity of provision of air ticketing services and operation of inbound tours. MAE assumed its present name on 6 September 2000. It has an authorized share capital of RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each of which 592,002 ordinary shares have been issued and are fully paid up.
Belize and AET are the registered and beneficial owners of 70% and 30% of the equity interest in MAE respectively.
A Joint Venture Agreement dated 24 August 2000 was entered into between AET, Belize, Mayflower Acme Tours Sdn Bhd ("MAT") and MAE whereby the parties have agreed to inter alia, establish a travel agency called MAE to provide travel management services as well as inbound support to travelers from around the world. Previously, MAT was appointed a travel representative to handle inbound travel for AET's travel customers and card members. Pursuant to the said Joint Venture Agreement, these business activities of MAT were transferred to MAE. MAT is a wholly-owned subsidiary of WTCH and is principally engaged in the operation of inbound and outbound tours and the provision of cars and coaches for rental and leasing.
2.4 Salient Terms of the SPA
The salient terms of the SPA are as follows :-
(i) AET has agreed to sell and Belize has agreed to purchase the Sale Shares for a total cash consideration of RM13,000,000 ("Purchase Price").
(ii) The Sale Shares will be purchased free from all encumbrances and together with all rights now or hereafter attaching thereto.
(iii) Upon execution of the SPA,
? Belize shall pay RM13,000,000 to AET being the Purchase Price for the Sale Shares.
? MAE shall simultaneously enter into Travel Network and Trademark License Agreements with American Express Limited ("Amexco") in respect of the appointment of MAE by Amexco to act as Amexco's non-exclusive travel partner network to carry on travel operation by providing business travel services to corporate and consumer clients in Malaysia using the trademarks and/or service marks of Amexco.
? Belize shall also enter into a Termination Agreement with AET, MAE and MAT to terminate the Joint Venture Agreement dated 24 August 2000.
2.5 Basis for the Purchase Price
The Purchase Price for the Proposed Acquisition was arrived at on a willing buyer-willing seller basis after taking into consideration the historical performance, earnings projection and future prospects of MAE.
The Purchase Price will be satisfied entirely by cash from external borrowings.
3. RATIONALE FOR THE PROPOSED ACQUISITION
The Proposed Acquisition will enable the WTCH Group to participate fully in the management of MAE after partnering with AET for the past 10 years and to share the best practices of MAE with MAT. The Proposed Acquisition will also enable the Group to consolidate and leverage on MAE's travel volumes for negotiation with suppliers for better air fares and seat inventory.
4. FINANCIAL EFFECTS
The Proposed Acquisition is not expected to have any material effect on the earnings per share, net assets per share and gearing of the WTCH Group for the current financial year ending 31 December 2010. However, it is expected to contribute positively to the Group's earnings in the longer term.
The Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholdings of WTCH.
5. APPROVALS REQUIRED
The Proposed Acquisition does not require the approval of the shareholders of WTCH.
6. PROSPECTS AND RISK FACTORS
The travel and tourism industry is expected to grow. MAE has an established infrastructure in place, and will continue with the acquisition of corporate accounts to expand its market share and this will ultimately improve its earnings in the long term. Amexco is the global leader in business travel management services and the appointment of MAE as Amexco's travel partner network will further enhance MAE position in the market.
The Board of Directors does not foresee any risk factor arising from the Proposed Acquisition except for competitive risk, business risk, economic risk, risks arising from changes in the Government policies/legislation etc., normally associated with the travel/tourism industry, for which the WTCH Group is already involved in. No assurance can however be given that any adverse development in such risk areas would not affect the business and/or financial position/performance of MAE.
7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the directors or major shareholders of WTCH or persons connected with them, has any interest, direct or indirect, in the Proposed Acquisition.
8. STATEMENT BY DIRECTORS
The Board of Directors of WTCH, having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of WTCH Group.
9. PERCENTAGE RATIO
The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 11.5% based on the audited financial statements of WTCH for the financial year ended 31 December 2009.
10. DOCUMENT FOR INSPECTION
A copy of the SPA is available for inspection at the Registered Office of WTCH at 62-68, Jalan Ipoh, 51200 Kuala Lumpur from Mondays to Fridays (except public holidays) during normal business hours for a period of three (3) months from the date of this announcement.
This announcement is dated 16 November 2010.
GLOMAC - Dealing by Directors in Shares During Closed Period
Announcement Type: General Announcement
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Directors in Shares During Closed Period
Contents: Pursuant to Paragraph 14.08(d) of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Malaysia") relating to dealings in securities during closed periods, Glomac Berhad ("the Company") wishes to notify Bursa Malaysia that the Company received notification from the following director of dealings in securities of the Company. Please refer to the table below for further information.
This announcement is dated 16 November 2010.
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Directors in Shares During Closed Period
Contents: Pursuant to Paragraph 14.08(d) of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Malaysia") relating to dealings in securities during closed periods, Glomac Berhad ("the Company") wishes to notify Bursa Malaysia that the Company received notification from the following director of dealings in securities of the Company. Please refer to the table below for further information.
This announcement is dated 16 November 2010.
HUPSENG - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: HUP SENG INDUSTRIES BERHAD
Stock Name: HUPSENG
Date Announced: 16/11/2010
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: HUP SENG INDUSTRIES BERHAD
Stock Name: HUPSENG
Date Announced: 16/11/2010
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)
MHC - Monthly Production - October 2010
Announcement Type: General Announcement
Company Name: MHC PLANTATIONS BHD.
Stock Name: MHC
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: Monthly Production - October 2010
Contents: We are pleased to submit the production of MHC Plantations Bhd. Group for the month of October 2010 as follows:
Own FFB Production 4,097 MT
This announcement is dated 16 November 2010.
Company Name: MHC PLANTATIONS BHD.
Stock Name: MHC
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: Monthly Production - October 2010
Contents: We are pleased to submit the production of MHC Plantations Bhd. Group for the month of October 2010 as follows:
Own FFB Production 4,097 MT
This announcement is dated 16 November 2010.
PBA - PBA - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: PBA HOLDINGS BHD
Stock Name: PBA
Date Announced: 16/11/2010
Announcement Detail:
Subject: PBA - NOTICE OF BOOK CLOSURE
Contents: A first interim tax exempt dividend of 3% for the financial year ending 31 December 2010.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 2 December 2010 ]
2) The last date of lodgement : [ 6 December 2010 ]
3) Date Payable : [ 30 December 2010 ]
Company Name: PBA HOLDINGS BHD
Stock Name: PBA
Date Announced: 16/11/2010
Announcement Detail:
Subject: PBA - NOTICE OF BOOK CLOSURE
Contents: A first interim tax exempt dividend of 3% for the financial year ending 31 December 2010.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 2 December 2010 ]
2) The last date of lodgement : [ 6 December 2010 ]
3) Date Payable : [ 30 December 2010 ]
NAIM - ACQUISITION OF 5% EQUITY INTEREST IN PLUS VIABLE SDN. BHD.
Announcement Type: General Announcement
Company Name: NAIM HOLDINGS BERHAD
Stock Name: NAIM
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF 5% EQUITY INTEREST IN PLUS VIABLE SDN. BHD.
Contents: Please refer to the attached.
Attachments: Acquire 5% in PVSB.doc
Company Name: NAIM HOLDINGS BERHAD
Stock Name: NAIM
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF 5% EQUITY INTEREST IN PLUS VIABLE SDN. BHD.
Contents: Please refer to the attached.
Attachments: Acquire 5% in PVSB.doc
CANONE - General Announcement
Announcement Type: General Announcement
Company Name: CAN-ONE BERHAD
Stock Name: CANONE
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT
COMMERCIAL DIVISION
SUIT NO. D8-22-505-2009
DATO' SEE TEOW CHUAN & 13 OTHERS ("PLAINTIFFS") -versus-
1. OOI WOON CHEE
2. NG KIM TUCK
3. KPMG CORPORATE SERVICES SDN BHD (COMPANY NO. 462265-P)
4. KPMG (SUED AS A FIRM) (FIRM NO. AF 0758)
5. CAN-ONE INTERNATIONAL SDN BHD (COMPANY NO. 729929-K)
Contents: We refer to our previous announcements in respect of the application made by Can-One International Sdn Bhd, a wholly-owned subsidiary of the Company, to set aside and/or strike out the Plaintiffs' Writ of Summons and Statement of Claim.
Can-One wishes to announce that the Court has now adjourned the above matter for mention on 15 December 2010.
This announcement is dated 16 November 2010.
Company Name: CAN-ONE BERHAD
Stock Name: CANONE
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT
COMMERCIAL DIVISION
SUIT NO. D8-22-505-2009
DATO' SEE TEOW CHUAN & 13 OTHERS ("PLAINTIFFS") -versus-
1. OOI WOON CHEE
2. NG KIM TUCK
3. KPMG CORPORATE SERVICES SDN BHD (COMPANY NO. 462265-P)
4. KPMG (SUED AS A FIRM) (FIRM NO. AF 0758)
5. CAN-ONE INTERNATIONAL SDN BHD (COMPANY NO. 729929-K)
Contents: We refer to our previous announcements in respect of the application made by Can-One International Sdn Bhd, a wholly-owned subsidiary of the Company, to set aside and/or strike out the Plaintiffs' Writ of Summons and Statement of Claim.
Can-One wishes to announce that the Court has now adjourned the above matter for mention on 15 December 2010.
This announcement is dated 16 November 2010.
KURNIA - KURNIA - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: KURNIA SETIA BERHAD
Stock Name: KURNIA
Date Announced: 16/11/2010
Announcement Detail:
Subject: KURNIA - NOTICE OF BOOK CLOSURE
Contents: CAPITAL REPAYMENT PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 26 November 2010 ]
2) The last date of lodgement : [ 30 November 2010 ]
3) Date Payable : [ 6 December 2010 ]
Remarks :- The trading of the ordinary shares of RM1.00 each in KSB ("KSB Shares") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m on 24 November 2010, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of KSB Shares on the Main Market of Bursa Securities prior to suspension shall be 5.00 p.m on 23 November 2010. The trading of KSB Shares on the Main Market of Bursa Securities will continue to be suspended until the completion of the Capital Repayment and the subsequent de-listing of KSB from the Official List of Bursa Securities.
Under the Capital Repayment, shareholders, whose names appear in the Record of Depositors at the close of business at 5.00 p.m. on 30 November 2010 ("Entitlement Date"), would be entitled to the Capital Repayment in respect of:
(i) KSB Shares transferred into the respective shareholders' Central Depository System accounts before 4.00 p.m. on 30 November 2010; and
(ii) KSB shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities,
and shall receive a cash amount of RM2.70 in consideration for the cancellation of every one (1) KSB Share held on the Entitlement Date (but before the bonus issue of such number of new KSB Shares ("Bonus Shares") to be credited as fully paid-up in the proportion of 1.70 Bonus Shares for every one (1) existing KSB Share, solely for the purpose of facilitating the Capital Repayment). None of the Bonus Shares will be credited into the individual securities accounts of the respective entitled shareholders, since the Bonus Shares will be immediately cancelled pursuant to the Capital Repayment.
The cash payment for the Capital Repayment is expected to be despatched to entitled shareholders on 6 December 2010.
As stated in the Circular dated 29 July 2009 by KSB, on implementation of the Capital Repayment and Warrant Scheme (which entails payment to warrantholders of KSB of RM1.20 in cash for every one (1) warrant in KSB held ("KSB Warrant") on 15 November 2010, and thereafter all the outstanding KSB Warrants shall be cancelled), an application shall be made to Bursa Securities for the de-listing of KSB from the Official List of Bursa Securities.
Please refer to the Notice to Shareholders dated 16 November 2010 for further information on the suspension of trading of KSB Shares and the Entitlement Date.
Company Name: KURNIA SETIA BERHAD
Stock Name: KURNIA
Date Announced: 16/11/2010
Announcement Detail:
Subject: KURNIA - NOTICE OF BOOK CLOSURE
Contents: CAPITAL REPAYMENT PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 26 November 2010 ]
2) The last date of lodgement : [ 30 November 2010 ]
3) Date Payable : [ 6 December 2010 ]
Remarks :- The trading of the ordinary shares of RM1.00 each in KSB ("KSB Shares") on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m on 24 November 2010, which is three (3) clear market days prior to the Entitlement Date (as defined herein). Accordingly, the last day of trading of KSB Shares on the Main Market of Bursa Securities prior to suspension shall be 5.00 p.m on 23 November 2010. The trading of KSB Shares on the Main Market of Bursa Securities will continue to be suspended until the completion of the Capital Repayment and the subsequent de-listing of KSB from the Official List of Bursa Securities.
Under the Capital Repayment, shareholders, whose names appear in the Record of Depositors at the close of business at 5.00 p.m. on 30 November 2010 ("Entitlement Date"), would be entitled to the Capital Repayment in respect of:
(i) KSB Shares transferred into the respective shareholders' Central Depository System accounts before 4.00 p.m. on 30 November 2010; and
(ii) KSB shares bought on Bursa Securities on a cum-entitlement basis according to the rules of Bursa Securities,
and shall receive a cash amount of RM2.70 in consideration for the cancellation of every one (1) KSB Share held on the Entitlement Date (but before the bonus issue of such number of new KSB Shares ("Bonus Shares") to be credited as fully paid-up in the proportion of 1.70 Bonus Shares for every one (1) existing KSB Share, solely for the purpose of facilitating the Capital Repayment). None of the Bonus Shares will be credited into the individual securities accounts of the respective entitled shareholders, since the Bonus Shares will be immediately cancelled pursuant to the Capital Repayment.
The cash payment for the Capital Repayment is expected to be despatched to entitled shareholders on 6 December 2010.
As stated in the Circular dated 29 July 2009 by KSB, on implementation of the Capital Repayment and Warrant Scheme (which entails payment to warrantholders of KSB of RM1.20 in cash for every one (1) warrant in KSB held ("KSB Warrant") on 15 November 2010, and thereafter all the outstanding KSB Warrants shall be cancelled), an application shall be made to Bursa Securities for the de-listing of KSB from the Official List of Bursa Securities.
Please refer to the Notice to Shareholders dated 16 November 2010 for further information on the suspension of trading of KSB Shares and the Entitlement Date.
TENAGA - General Announcement
Announcement Type: General Announcement
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: FURTHER INFORMATION ON THE SIGNING OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN TENAGA NASIONAL BERHAD ("TNB") AND PUBLIC ELECTRICITY CORPORATION ("PEC"), MINISTRY OF ELECTRICITY, REPUBLIC OF YEMEN FOR TECHNICAL COOPERATION IN THE ELECTRICITY INDUSTRY
Contents: Our announcement dated 15 November 2010 is hereby referred.
Tenaga Nasional Berhad ("TNB") wishes to further inform that the duration of the MOU entered into between TNB and PEC is for the period of 24 months from the signing date. The MOU may also be extended by mutual agreement of both parties within three (3) months prior to the expiry date of the said MOU.
This announcement is dated 16 November 2010.
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 16/11/2010
Announcement Detail:
Type: Announcement
Subject: FURTHER INFORMATION ON THE SIGNING OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN TENAGA NASIONAL BERHAD ("TNB") AND PUBLIC ELECTRICITY CORPORATION ("PEC"), MINISTRY OF ELECTRICITY, REPUBLIC OF YEMEN FOR TECHNICAL COOPERATION IN THE ELECTRICITY INDUSTRY
Contents: Our announcement dated 15 November 2010 is hereby referred.
Tenaga Nasional Berhad ("TNB") wishes to further inform that the duration of the MOU entered into between TNB and PEC is for the period of 24 months from the signing date. The MOU may also be extended by mutual agreement of both parties within three (3) months prior to the expiry date of the said MOU.
This announcement is dated 16 November 2010.
PARKSON - PARKSON - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 16/11/2010
Announcement Detail:
Subject: PARKSON - NOTICE OF BOOK CLOSURE
Contents: Tax exempt interim dividend of 10 sen per share in respect of the financial year ending 30 June 2011.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 26 November 2010 ]
2) The last date of lodgement : [ 30 November 2010 ]
3) Date Payable : [ 16 December 2010 ]
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 16/11/2010
Announcement Detail:
Subject: PARKSON - NOTICE OF BOOK CLOSURE
Contents: Tax exempt interim dividend of 10 sen per share in respect of the financial year ending 30 June 2011.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 26 November 2010 ]
2) The last date of lodgement : [ 30 November 2010 ]
3) Date Payable : [ 16 December 2010 ]
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