CHANG - General Announcement
Announcement Type: General Announcement
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: JOHOR BAHRU HIGH COURT SUIT ADMIRALTY IN REM NO .MT 4-27-1 -2009 K. S. MARINE OFFSHORE PTE LTD (PLAINTIFF)
- AGAINST-THE OWNERS OF THE SHIP "TAURUS" (ARUS DERMAGA SDN BHD, A SUBSIDIARY OF CHANGHUAT CORPORATION BERHAD)
Contents: On behalf of the Board of Changhuat Corporation Berhad, we are pleased to announce that on 17 December, 2010 K. S. Marine Pte Ltd has agreed to discontinue the above captioned legal proceedings without liberty to file afresh and with no order as to cost following a full and final settlement with Arus Dermaga Sdn Bhd of S$239,344 as opposed to their original claim of S$701,844. The sum of S$239,344 has been fully paid by Arus Dermaga Sdn Bhd and the matter has now been fully settled.
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: JOHOR BAHRU HIGH COURT SUIT ADMIRALTY IN REM NO .MT 4-27-1 -2009 K. S. MARINE OFFSHORE PTE LTD (PLAINTIFF)
- AGAINST-THE OWNERS OF THE SHIP "TAURUS" (ARUS DERMAGA SDN BHD, A SUBSIDIARY OF CHANGHUAT CORPORATION BERHAD)
Contents: On behalf of the Board of Changhuat Corporation Berhad, we are pleased to announce that on 17 December, 2010 K. S. Marine Pte Ltd has agreed to discontinue the above captioned legal proceedings without liberty to file afresh and with no order as to cost following a full and final settlement with Arus Dermaga Sdn Bhd of S$239,344 as opposed to their original claim of S$701,844. The sum of S$239,344 has been fully paid by Arus Dermaga Sdn Bhd and the matter has now been fully settled.
EUROSP - NOTIFICATION OF DEALINGS BY PRINCIPAL OFFICER
Announcement Type: General Announcement
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY PRINCIPAL OFFICER
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Principal Officer received by the Company.
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY PRINCIPAL OFFICER
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Principal Officer received by the Company.
EUROSP - NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANY IN THE SHARES OF HOLDING COMPANY
Announcement Type: General Announcement
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANY IN THE SHARES OF HOLDING COMPANY
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Director of a subsidiary company in the shares of the Company received by the Company.
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANY IN THE SHARES OF HOLDING COMPANY
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Director of a subsidiary company in the shares of the Company received by the Company.
EUROSP - EUROSP-Employees' Share Option Scheme ("Scheme")
Announcement Type: Listing Circular
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Subject: EUROSP-Employees' Share Option Scheme ("Scheme")
Contents: Kindly be advised that the abovementioned Company's additional 352,500 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 20/12/2010
Announcement Detail:
Subject: EUROSP-Employees' Share Option Scheme ("Scheme")
Contents: Kindly be advised that the abovementioned Company's additional 352,500 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
INGRESS - General Announcement
Announcement Type: General Announcement
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: SUBSCRIPTION OF 2,567,870 NEW ORDINARY SHARES OF INDIAN RUPEE 10 EACH ("IMAPL SHARES") IN INGRESS MAYUR AUTO VENTURES PRIVATE LIMITED ("IMAPL") BY INGRESS ENGINEERING SDN BHD ("IESB") ("SUBSCRIPTION")
Contents: We refer to our earlier announcement on the above on 10 March 2009.
The Board of Directors of Ingress Corporation Berhad ("Ingress" or "the Company") wishes to announce that the relevant authority in India have, on 16 December 2010, granted its approval for the allotment of 5,409,675 new ordinary shares of Indian Rupee (INR) 10 each in IMAPL ("New IMAPL Shares") based on the application submitted by IMAPL to the relevant authority on 26 November 2010.
Out of these New IMAPL Shares allotted, IESB, our wholly-owned subsidiary, subscribed for 2,567,870 New IMAPL Shares at par, whilst our joint venture partner, Mayur Industries Ltd., India ("MIL") subscribed for the remaining 2,841,805 New IMAPL Shares, also at par. The Subscription by IESB was for the cash consideration of INR25,678,700 (or equivalent to RM1,773,710), wholly financed via internally generated funds. The whole proceeds from the Subscription will be utilised for working capital of IMAPL.
IMAPL's authorised share capital is INR75,000,000 comprising 7,500,000 of ordinary shares of INR10 each. Upon the Subscription, the enlarged issued and paid-up capital of IMAPL are INR64,196,750 comprising 6,419,675 IMAPL Shares, of which IESB holds 2,567,870 and MIL holds the remaining 3,851,805 shares, representing 40% and 60% equity interest, respectively.
The Subscription has no material effect on the earnings per share, net assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 31 January 2011.
None of the Directors and substantial shareholders of Ingress and/or persons connected with the them have any interest, direct or indirect, in the Subscription.
The Subscription is not subject to the approval of the shareholders or any other relevant Authorities.
The Directors of Ingress, after having considered all aspects of the Subscription, are of the opinion that the Subscription is in the best interest of Ingress and the Ingress Group.
This announcement is dated 20 December 2010.
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: SUBSCRIPTION OF 2,567,870 NEW ORDINARY SHARES OF INDIAN RUPEE 10 EACH ("IMAPL SHARES") IN INGRESS MAYUR AUTO VENTURES PRIVATE LIMITED ("IMAPL") BY INGRESS ENGINEERING SDN BHD ("IESB") ("SUBSCRIPTION")
Contents: We refer to our earlier announcement on the above on 10 March 2009.
The Board of Directors of Ingress Corporation Berhad ("Ingress" or "the Company") wishes to announce that the relevant authority in India have, on 16 December 2010, granted its approval for the allotment of 5,409,675 new ordinary shares of Indian Rupee (INR) 10 each in IMAPL ("New IMAPL Shares") based on the application submitted by IMAPL to the relevant authority on 26 November 2010.
Out of these New IMAPL Shares allotted, IESB, our wholly-owned subsidiary, subscribed for 2,567,870 New IMAPL Shares at par, whilst our joint venture partner, Mayur Industries Ltd., India ("MIL") subscribed for the remaining 2,841,805 New IMAPL Shares, also at par. The Subscription by IESB was for the cash consideration of INR25,678,700 (or equivalent to RM1,773,710), wholly financed via internally generated funds. The whole proceeds from the Subscription will be utilised for working capital of IMAPL.
IMAPL's authorised share capital is INR75,000,000 comprising 7,500,000 of ordinary shares of INR10 each. Upon the Subscription, the enlarged issued and paid-up capital of IMAPL are INR64,196,750 comprising 6,419,675 IMAPL Shares, of which IESB holds 2,567,870 and MIL holds the remaining 3,851,805 shares, representing 40% and 60% equity interest, respectively.
The Subscription has no material effect on the earnings per share, net assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 31 January 2011.
None of the Directors and substantial shareholders of Ingress and/or persons connected with the them have any interest, direct or indirect, in the Subscription.
The Subscription is not subject to the approval of the shareholders or any other relevant Authorities.
The Directors of Ingress, after having considered all aspects of the Subscription, are of the opinion that the Subscription is in the best interest of Ingress and the Ingress Group.
This announcement is dated 20 December 2010.
AIKBEE - MONTHLY REPORTING OF PRODUCTION FIGURE-NOVEMBER 2010
Announcement Type: General Announcement
Company Name: AIKBEE RESOURCES BERHAD
Stock Name: AIKBEE
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY REPORTING OF PRODUCTION FIGURE-NOVEMBER 2010
Contents: In accordance with Paragraph 9.36 of Chapter 9 Part M of the Listing Requirements of the Bursa Malaysia Securities Berhad, the Board of Directors is pleased to announce that the log production of Aikbee Group for the month of November 2010 was 2,594 m3
Company Name: AIKBEE RESOURCES BERHAD
Stock Name: AIKBEE
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY REPORTING OF PRODUCTION FIGURE-NOVEMBER 2010
Contents: In accordance with Paragraph 9.36 of Chapter 9 Part M of the Listing Requirements of the Bursa Malaysia Securities Berhad, the Board of Directors is pleased to announce that the log production of Aikbee Group for the month of November 2010 was 2,594 m3
UKB - General Announcement
Announcement Type: General Announcement
Company Name: UNITED KOTAK BERHAD
Stock Name: UKB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: United Kotak Berhad ("UKB" or "the Company")
Conditional Take-Over Offer by Oji Paper Asia Sdn Bhd ("OPA") to acquire all the voting shares of RM1.00 each in UKB ("Offer Shares") at a cash offer price of RM1.40 for each Offer Share ("Offer")
Public Shareholding Spread
Contents: We refer to the offer document for the Offer dated 4 November 2010 ("Offer Document") and the announcements dated 12 November 2010, 23 November 2010, 30 November 2010 and 17 December 2010 in relation to the Offer.
We wish to announce that on 17 December 2010, we received a press notice from CIMB Investment Bank Berhad on behalf of OPA informing us that all the conditions of the Offer have been fulfilled and the Offer has become unconditional on 17 December 2010 ("Unconditional Date") and the position and level of acceptances with regards the Offer as of the Unconditional Date ("OPA Press Notice").
Based on the OPA Press Notice, the number of UKB Shares held by OPA as at 5.00 p.m. (Malaysian time) on 17 December 2010 is 41,673,441 (includes 13,100 UKB Shares received under the Offer, for which forms of acceptance have yet to be verified), representing approximately 92.75% of the total issued and paid-up share capital of UKB of 48,000,000 UKB Shares minus 3,070,600 UKB Shares held as treasury shares. Consequently, UKB is currently not in compliance with the public shareholding spread requirement of 25% as required by the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements").
As set out in Section 4.1 and 4.2 of the Offer Document,
(a) OPA does not intend to maintain the listing status of UKB on Bursa Securities in the event that UKB can not meet its public shareholding spread under the Listing Requirements. Accordingly, OPA will procure UKB to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements; and
(b) OPA intends to invoke Section 222 of the Capital Markets and Services Act, 2007 ("CMSA") and will, within 2 months from 17 December 2010, proceed to exercise its rights to compulsorily aquire any remaining Offer Shares for which acceptances have not been received, in accordance with the provisions of the CMSA.
In accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities will suspend the trading of UKB Shares upon the expiry of five (5) market days from the date of the OPA Press Notice.
This announcement is dated 20 December 2010.
Company Name: UNITED KOTAK BERHAD
Stock Name: UKB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: United Kotak Berhad ("UKB" or "the Company")
Conditional Take-Over Offer by Oji Paper Asia Sdn Bhd ("OPA") to acquire all the voting shares of RM1.00 each in UKB ("Offer Shares") at a cash offer price of RM1.40 for each Offer Share ("Offer")
Public Shareholding Spread
Contents: We refer to the offer document for the Offer dated 4 November 2010 ("Offer Document") and the announcements dated 12 November 2010, 23 November 2010, 30 November 2010 and 17 December 2010 in relation to the Offer.
We wish to announce that on 17 December 2010, we received a press notice from CIMB Investment Bank Berhad on behalf of OPA informing us that all the conditions of the Offer have been fulfilled and the Offer has become unconditional on 17 December 2010 ("Unconditional Date") and the position and level of acceptances with regards the Offer as of the Unconditional Date ("OPA Press Notice").
Based on the OPA Press Notice, the number of UKB Shares held by OPA as at 5.00 p.m. (Malaysian time) on 17 December 2010 is 41,673,441 (includes 13,100 UKB Shares received under the Offer, for which forms of acceptance have yet to be verified), representing approximately 92.75% of the total issued and paid-up share capital of UKB of 48,000,000 UKB Shares minus 3,070,600 UKB Shares held as treasury shares. Consequently, UKB is currently not in compliance with the public shareholding spread requirement of 25% as required by the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements").
As set out in Section 4.1 and 4.2 of the Offer Document,
(a) OPA does not intend to maintain the listing status of UKB on Bursa Securities in the event that UKB can not meet its public shareholding spread under the Listing Requirements. Accordingly, OPA will procure UKB to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements; and
(b) OPA intends to invoke Section 222 of the Capital Markets and Services Act, 2007 ("CMSA") and will, within 2 months from 17 December 2010, proceed to exercise its rights to compulsorily aquire any remaining Offer Shares for which acceptances have not been received, in accordance with the provisions of the CMSA.
In accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities will suspend the trading of UKB Shares upon the expiry of five (5) market days from the date of the OPA Press Notice.
This announcement is dated 20 December 2010.
HUATLAI - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HUAT LAI RESOURCES BERHAD
Stock Name: HUATLAI
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 90,500
Minimum price paid for each share purchased ($$): 1.390
Maximum price paid for each share purchased ($$): 1.450
Total consideration paid ($$): 129,404.22
Number of shares purchased retained in treasury (units): 90,500
Cumulative net outstanding treasury shares as at to-date (units): 8,460,200
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 9.99
Company Name: HUAT LAI RESOURCES BERHAD
Stock Name: HUATLAI
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 90,500
Minimum price paid for each share purchased ($$): 1.390
Maximum price paid for each share purchased ($$): 1.450
Total consideration paid ($$): 129,404.22
Number of shares purchased retained in treasury (units): 90,500
Cumulative net outstanding treasury shares as at to-date (units): 8,460,200
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 9.99
DOMINAN - DOMINAN-Employees' Share Option Scheme ("Scheme")
Announcement Type: Listing Circular
Company Name: DOMINANT ENTERPRISE BERHAD
Stock Name: DOMINAN
Date Announced: 20/12/2010
Announcement Detail:
Subject: DOMINAN-Employees' Share Option Scheme ("Scheme")
Contents: Kindly be advised that the abovementioned Company's additional 70,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
Company Name: DOMINANT ENTERPRISE BERHAD
Stock Name: DOMINAN
Date Announced: 20/12/2010
Announcement Detail:
Subject: DOMINAN-Employees' Share Option Scheme ("Scheme")
Contents: Kindly be advised that the abovementioned Company's additional 70,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
DBE - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: D.B.E. GURNEY RESOURCES BERHAD
Stock Name: DBE
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: D.B.E. GURNEY RESOURCES BERHAD ("DBE" OR THE "COMPANY")
- PROPOSED CAPITAL REDUCTION;
- PROPOSED SHARE PREMIUM REDUCTION;
- PROPOSED RIGHTS ISSUE WITH WARRANTS;
- PROPOSED CAPITALISATION OF AMOUNTS DUE TO DIRECTOR;
- PROPOSED CREDITORS SETTLEMENT; AND
- PROPOSED AMENDMENTS
Contents: The abbreviations used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company's announcement dated 9 December 2010.
We refer to the announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of DBE ("Board") on 27 October 2010, 1 November 2010, 3 December 2010 and 9 December 2010 in relation to the Proposals.
On behalf of the Board, OSK wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, via its letter dated 17 December 2010 ("Approval Letter"), resolved to approve the following:-
(i) admission to the Official List and the listing and quotation of 200,000,000 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;
(ii) listing and quotation of 400,000,000 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(iii) listing and quotation of up to 100,000,000 Settlement Shares to be issued pursuant to the Proposed Capitalisation of Amount Due to Director;
(iv) listing and quotation of 110,000,000 Creditors Shares to be issued pursuant to the Proposed Creditors Settlement; and
(v) listing and quotation of 200,000,000 new ordinary shares of RM0.10 each to be issued pursuant to the exercise of Warrants.
The approval is subject to the following conditions:-
(a) DBE and OSK must fully comply with the relevant provisions under the Main Market Listing Requirements ("LR") pertaining to the implementation of the Proposals;
(b) DBE and OSK are to inform Bursa Securities upon the completion of the Proposals;
(c) DBE and OSK to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals is completed;
(d) DBE to furnish Bursa Securities on a quarterly basis a summary of the fee payable for the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter; and
(e) DBE and OSK to incorporate the comments in respect of the draft circular to shareholders provided in the attachment of the Approval Letter.
DBE and OSK will fully comply with the LR with regards to the implementation of the Proposals.
This announcement is dated 20 December 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: D.B.E. GURNEY RESOURCES BERHAD
Stock Name: DBE
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: D.B.E. GURNEY RESOURCES BERHAD ("DBE" OR THE "COMPANY")
- PROPOSED CAPITAL REDUCTION;
- PROPOSED SHARE PREMIUM REDUCTION;
- PROPOSED RIGHTS ISSUE WITH WARRANTS;
- PROPOSED CAPITALISATION OF AMOUNTS DUE TO DIRECTOR;
- PROPOSED CREDITORS SETTLEMENT; AND
- PROPOSED AMENDMENTS
Contents: The abbreviations used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company's announcement dated 9 December 2010.
We refer to the announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of DBE ("Board") on 27 October 2010, 1 November 2010, 3 December 2010 and 9 December 2010 in relation to the Proposals.
On behalf of the Board, OSK wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, via its letter dated 17 December 2010 ("Approval Letter"), resolved to approve the following:-
(i) admission to the Official List and the listing and quotation of 200,000,000 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;
(ii) listing and quotation of 400,000,000 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(iii) listing and quotation of up to 100,000,000 Settlement Shares to be issued pursuant to the Proposed Capitalisation of Amount Due to Director;
(iv) listing and quotation of 110,000,000 Creditors Shares to be issued pursuant to the Proposed Creditors Settlement; and
(v) listing and quotation of 200,000,000 new ordinary shares of RM0.10 each to be issued pursuant to the exercise of Warrants.
The approval is subject to the following conditions:-
(a) DBE and OSK must fully comply with the relevant provisions under the Main Market Listing Requirements ("LR") pertaining to the implementation of the Proposals;
(b) DBE and OSK are to inform Bursa Securities upon the completion of the Proposals;
(c) DBE and OSK to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals is completed;
(d) DBE to furnish Bursa Securities on a quarterly basis a summary of the fee payable for the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter; and
(e) DBE and OSK to incorporate the comments in respect of the draft circular to shareholders provided in the attachment of the Approval Letter.
DBE and OSK will fully comply with the LR with regards to the implementation of the Proposals.
This announcement is dated 20 December 2010.
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