DISCOMP - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Cessation
Designation: Alternate Director
Directorate: Non Independent & Non Executive
Name: NICHOLAS LIM KEAN HONG
Age: 29
Nationality: Malaysian
Qualifications: Bachelors Degree in Computer Science and Management Studies (Hons) from Nottingham University
Working experience and occupation: Joined the Chuan Huat Group in June 2006 as the Manager responsible for the operation and marketing of the Steel Services Centre Division of the Chuan Huat Group. Executive Director of CH Reinforcing Steel (M) Sdn Bhd and Bars & Mesh Industries Sdn. Bhd. (both subsidiaries of Chuan Huat Resources Berhad) since July 2009
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: Mr Nicholas Lim is the son of Dato' Lim Khoon Hock, the Non Independent & Non Executive Director
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Remarks: The appointing director, Dato' Lim Khoon Hock demised on 17 December 2010
This announcement is dated 21 December 2010
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Cessation
Designation: Alternate Director
Directorate: Non Independent & Non Executive
Name: NICHOLAS LIM KEAN HONG
Age: 29
Nationality: Malaysian
Qualifications: Bachelors Degree in Computer Science and Management Studies (Hons) from Nottingham University
Working experience and occupation: Joined the Chuan Huat Group in June 2006 as the Manager responsible for the operation and marketing of the Steel Services Centre Division of the Chuan Huat Group. Executive Director of CH Reinforcing Steel (M) Sdn Bhd and Bars & Mesh Industries Sdn. Bhd. (both subsidiaries of Chuan Huat Resources Berhad) since July 2009
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: Mr Nicholas Lim is the son of Dato' Lim Khoon Hock, the Non Independent & Non Executive Director
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Remarks: The appointing director, Dato' Lim Khoon Hock demised on 17 December 2010
This announcement is dated 21 December 2010
DISCOMP - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Demised
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: DATO' LIM KHOON HOCK
Age: 53
Nationality: MALAYSIAN
Qualifications: Bachelor Degree in Civil Engineering from Monash University, Australia.
Working experience and occupation: He was attached with the Jabatan Kerja Raya from January 1980 to December 1981 where he was involved in road construction supervision.
Directorship of public companies (if any): Chuan Huat Resources Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Lim Khoon Hock is the brother of Dato' Lim Khoon Heng and Dato' Lim Loong Heng
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: As at 17 December 2010 Dato' Lim Khoon Hock has indirect interest in CHRB as follows :
0.41% - 200,000 shares via his spouse's Datin Cheong Yoke Ha;
1.96% - 950,000 shares via his shareholding in Lim Kim Chuan & Sons Holdings Sdn Bhd
Composition of Audit Committee (Name and Directorate of members after change): Mr Tai Keat Chai - Independent & Non Executive Director(Chairman)
Mr Leow Bock Lim - Independent & Non Executive Director
Remarks: This announcement is dated 21 December 2010
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Demised
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: DATO' LIM KHOON HOCK
Age: 53
Nationality: MALAYSIAN
Qualifications: Bachelor Degree in Civil Engineering from Monash University, Australia.
Working experience and occupation: He was attached with the Jabatan Kerja Raya from January 1980 to December 1981 where he was involved in road construction supervision.
Directorship of public companies (if any): Chuan Huat Resources Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Lim Khoon Hock is the brother of Dato' Lim Khoon Heng and Dato' Lim Loong Heng
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: As at 17 December 2010 Dato' Lim Khoon Hock has indirect interest in CHRB as follows :
0.41% - 200,000 shares via his spouse's Datin Cheong Yoke Ha;
1.96% - 950,000 shares via his shareholding in Lim Kim Chuan & Sons Holdings Sdn Bhd
Composition of Audit Committee (Name and Directorate of members after change): Mr Tai Keat Chai - Independent & Non Executive Director(Chairman)
Mr Leow Bock Lim - Independent & Non Executive Director
Remarks: This announcement is dated 21 December 2010
DISCOMP - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Demised
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: DATO' LIM KHOON HOCK
Age: 53
Nationality: MALAYSIAN
Qualifications: Bachelor Degree in Civil Engineering from Monash University, Australia.
Working experience and occupation: He was attached with the Jabatan Kerja Raya from January 1980 to December 1981 where he was involved in road construction supervision.
Directorship of public companies (if any): Chuan Huat Resources Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Lim Khoon Hock is the brother of Dato' Lim Khoon Heng and Dato' Lim Loong Heng
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: As at 17 December 2010 Dato' Lim Khoon Hock has indirect interest in DISCCOMP as follows :
0.41% - 200,000 shares via his spouse's Datin Cheong Yoke Ha;
1.96% - 950,000 shares via his shareholding in Lim Kim Chuan & Sons Holdings Sdn Bhd
Remarks: This announcement is dated 21 December 2010
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 21/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Demised
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: DATO' LIM KHOON HOCK
Age: 53
Nationality: MALAYSIAN
Qualifications: Bachelor Degree in Civil Engineering from Monash University, Australia.
Working experience and occupation: He was attached with the Jabatan Kerja Raya from January 1980 to December 1981 where he was involved in road construction supervision.
Directorship of public companies (if any): Chuan Huat Resources Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Lim Khoon Hock is the brother of Dato' Lim Khoon Heng and Dato' Lim Loong Heng
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: As at 17 December 2010 Dato' Lim Khoon Hock has indirect interest in DISCCOMP as follows :
0.41% - 200,000 shares via his spouse's Datin Cheong Yoke Ha;
1.96% - 950,000 shares via his shareholding in Lim Kim Chuan & Sons Holdings Sdn Bhd
Remarks: This announcement is dated 21 December 2010
CONNECT - EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Announcement Type: General Announcement
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 21/12/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Contents: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. (hereinafter referred as "RCC") AND PEDOKA LIMITED (hereinafter referred as "PEDOKA")("AGREEMENT")
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 21/12/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Contents: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. (hereinafter referred as "RCC") AND PEDOKA LIMITED (hereinafter referred as "PEDOKA")("AGREEMENT")
AMPROP - General Announcement
Announcement Type: General Announcement
Company Name: AMCORP PROPERTIES BERHAD
Stock Name: AMPROP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: AMCORP PROPERTIES BERHAD (FORMERLY KNOWN AS AMDB BERHAD) ("AMPROP")
- PROPOSED ACQUISITION OF PROPERTY IN LONDON, UNITED KINGDOM
Contents: 1. INTRODUCTION
The Board of Directors of AMPROP wishes to announce that its wholly-owned subsidiary, Riverich Limited ("RIVERICH"), a company incorporated in the British Virgin Islands, had today received confirmation from its solicitors in London that RIVERICH had on 20 December 2010 entered into a Contract For Sale of Freehold Land ("Contract") with Abaca Services Limited (Company No: 1374735) ("ABACA") to purchase a freehold property at 101, Lexham Gardens, London W8 6JN, United Kingdom ("the Property") for a cash consideration of GBP7,300,000 ("Proposed Acquisition").
2. DETAILS OF THE PROPOSED ACQUISITION
2.1 Information on the Property
The Property is a freehold residential property comprising 10 self contained apartments over the lower ground, ground and four upper floors.
Located within the London Borough of Kensington and Chelsea, the Property is located in a predominantly residential area and benefits from excellent public transport amenities with the High Street Kensington and Gloucestor Road underground stations nearby.
The Property provides a net lettable space of 8,308 square feet of residential space. Based on current rentals from existing tenants, the rental yield on the Property is approximately 4%.
2.2 Information on ABACA
ABACA was incorporated in the British Virgin Islands on 2 January 2007 and is a wholly-owned subsidiary of ED Group Holding Limited.
ABACA is currently the owner of the Property.
3. RATIONALE
The continued strength of the Ringgit Malaysia against the Pound Sterling presents an opportunity for AMPROP to further enhance its presence in London property market.
The Proposed Acquisition involves an en-bloc purchase at a favourable price with immediate rental returns from existing tenants. Based on rental rates of comparable properties in the vicinity, there is potential for healthy rental rate increases in the future when the existing tenancies expire.
With a long term view in mind, AMPROP seeks to make a gain from rental returns and capital appreciation; thereby enhancing shareholders long term value.
4. PURCHASE CONSIDERATION
4.1 The purchase consideration was arrived at on a willing-buyer-willing-seller basis.
4.2 The purchase consideration would be satisfied by cash and to be paid in the following manner:
(a) a deposit of GBP730,000 ("Deposit"), representing 10% of the purchase consideration will be paid to ABACA's solicitor as stakeholder upon execution of the Contract.
(b) on completion, the Deposit and balance of the purchase consideration of GBP6,570,000 will be paid to ABACA.
5. SOURCE OF FUNDING
The Proposed Acquisition will be initially funded by advances from holding company, AMPROP with plans for RIVERICH to partially refinance the Proposed Acquisition with a GBP denominated bank loan thereafter.
6. LIABILITIES TO BE ASSUMED
There is no liability to be assumed by RIVERICH arising from the Proposed Acquisition.
7. PERCENTAGE RATIOS
The highest percentage ratio applicable to the Proposed Acquisition pursuant to paragraph 10.02(g) of Bursa Malaysia Securities Berhad Main Market Listing Requirements is 6.9% based on the latest audited financial statements of AMPROP for the financial year ended 31 March 2010.
8. EFFECTS OF THE PROPOSED ACQUISITION
The Proposed Acquisition is not expected to have any material effect on the gearing, earnings and net assets per share of AMPROP for the financial year ending 31 March 2011. However, it is expected to contribute positively to the future earnings of AMPROP from the rental income of the Property and any subsequent gain on appreciation upon disposal.
The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholding of AMPROP as the purchase consideration will be satisfied in cash.
9. APPROVALS REQUIRED
The Proposed Acquisition is not subject to the approval of the shareholders of AMPROP.
10. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of AMPROP and/or persons connected to them have any interest, direct or indirect, in the Proposed Acquisition.
11. ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed during the financial year ending 31 March 2011.
12. STATEMENT BY DIRECTORS
Having considered all aspects of the Proposed Acquisition, the Board of Directors of AMPROP is of the opinion that the Proposed Acquisition is in the best interest of AMPROP.
13. DOCUMENTS AVAILABLE FOR INSPECTION
A copy of the Contract will be made available for inspection at the registered office of AMPROP during normal office hours from Mondays to Fridays (except public holidays) at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 21 December 2010.
Company Name: AMCORP PROPERTIES BERHAD
Stock Name: AMPROP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: AMCORP PROPERTIES BERHAD (FORMERLY KNOWN AS AMDB BERHAD) ("AMPROP")
- PROPOSED ACQUISITION OF PROPERTY IN LONDON, UNITED KINGDOM
Contents: 1. INTRODUCTION
The Board of Directors of AMPROP wishes to announce that its wholly-owned subsidiary, Riverich Limited ("RIVERICH"), a company incorporated in the British Virgin Islands, had today received confirmation from its solicitors in London that RIVERICH had on 20 December 2010 entered into a Contract For Sale of Freehold Land ("Contract") with Abaca Services Limited (Company No: 1374735) ("ABACA") to purchase a freehold property at 101, Lexham Gardens, London W8 6JN, United Kingdom ("the Property") for a cash consideration of GBP7,300,000 ("Proposed Acquisition").
2. DETAILS OF THE PROPOSED ACQUISITION
2.1 Information on the Property
The Property is a freehold residential property comprising 10 self contained apartments over the lower ground, ground and four upper floors.
Located within the London Borough of Kensington and Chelsea, the Property is located in a predominantly residential area and benefits from excellent public transport amenities with the High Street Kensington and Gloucestor Road underground stations nearby.
The Property provides a net lettable space of 8,308 square feet of residential space. Based on current rentals from existing tenants, the rental yield on the Property is approximately 4%.
2.2 Information on ABACA
ABACA was incorporated in the British Virgin Islands on 2 January 2007 and is a wholly-owned subsidiary of ED Group Holding Limited.
ABACA is currently the owner of the Property.
3. RATIONALE
The continued strength of the Ringgit Malaysia against the Pound Sterling presents an opportunity for AMPROP to further enhance its presence in London property market.
The Proposed Acquisition involves an en-bloc purchase at a favourable price with immediate rental returns from existing tenants. Based on rental rates of comparable properties in the vicinity, there is potential for healthy rental rate increases in the future when the existing tenancies expire.
With a long term view in mind, AMPROP seeks to make a gain from rental returns and capital appreciation; thereby enhancing shareholders long term value.
4. PURCHASE CONSIDERATION
4.1 The purchase consideration was arrived at on a willing-buyer-willing-seller basis.
4.2 The purchase consideration would be satisfied by cash and to be paid in the following manner:
(a) a deposit of GBP730,000 ("Deposit"), representing 10% of the purchase consideration will be paid to ABACA's solicitor as stakeholder upon execution of the Contract.
(b) on completion, the Deposit and balance of the purchase consideration of GBP6,570,000 will be paid to ABACA.
5. SOURCE OF FUNDING
The Proposed Acquisition will be initially funded by advances from holding company, AMPROP with plans for RIVERICH to partially refinance the Proposed Acquisition with a GBP denominated bank loan thereafter.
6. LIABILITIES TO BE ASSUMED
There is no liability to be assumed by RIVERICH arising from the Proposed Acquisition.
7. PERCENTAGE RATIOS
The highest percentage ratio applicable to the Proposed Acquisition pursuant to paragraph 10.02(g) of Bursa Malaysia Securities Berhad Main Market Listing Requirements is 6.9% based on the latest audited financial statements of AMPROP for the financial year ended 31 March 2010.
8. EFFECTS OF THE PROPOSED ACQUISITION
The Proposed Acquisition is not expected to have any material effect on the gearing, earnings and net assets per share of AMPROP for the financial year ending 31 March 2011. However, it is expected to contribute positively to the future earnings of AMPROP from the rental income of the Property and any subsequent gain on appreciation upon disposal.
The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholding of AMPROP as the purchase consideration will be satisfied in cash.
9. APPROVALS REQUIRED
The Proposed Acquisition is not subject to the approval of the shareholders of AMPROP.
10. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of AMPROP and/or persons connected to them have any interest, direct or indirect, in the Proposed Acquisition.
11. ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed during the financial year ending 31 March 2011.
12. STATEMENT BY DIRECTORS
Having considered all aspects of the Proposed Acquisition, the Board of Directors of AMPROP is of the opinion that the Proposed Acquisition is in the best interest of AMPROP.
13. DOCUMENTS AVAILABLE FOR INSPECTION
A copy of the Contract will be made available for inspection at the registered office of AMPROP during normal office hours from Mondays to Fridays (except public holidays) at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 21 December 2010.
SUMATEC - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("SUMATEC" OR THE "COMPANY")
? PROPOSED CAPITAL REDUCTION;
? PROPOSED M&A AMENDMENTS;
? PROPOSED RIGHTS ISSUE; AND
? PROPOSED SET-OFF
Contents: Further to the announcement dated 8 October 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of Sumatec wishes to announce that the Company has on 21 December 2010 submitted an application to Bursa Malaysia Securities Berhad for an extension of time of up to three (3) months to complete the abovementioned proposals. The said extension of time is sought to facilitate the Company and its advisers in finalising the draft Abridged Prospectus relating to the Proposed Rights Issue prior to its submission to the Securities Commission.
This announcement is dated 21 December 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("SUMATEC" OR THE "COMPANY")
? PROPOSED CAPITAL REDUCTION;
? PROPOSED M&A AMENDMENTS;
? PROPOSED RIGHTS ISSUE; AND
? PROPOSED SET-OFF
Contents: Further to the announcement dated 8 October 2010, MIMB Investment Bank Berhad, on behalf of the Board of Directors of Sumatec wishes to announce that the Company has on 21 December 2010 submitted an application to Bursa Malaysia Securities Berhad for an extension of time of up to three (3) months to complete the abovementioned proposals. The said extension of time is sought to facilitate the Company and its advisers in finalising the draft Abridged Prospectus relating to the Proposed Rights Issue prior to its submission to the Securities Commission.
This announcement is dated 21 December 2010.
BJTOTO - General Announcement
Announcement Type: General Announcement
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in securities of Berjaya Sports Toto Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the shares of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Managing Director/Chief Executive Officer of Sports Toto Malaysia Sdn Bhd, a major subsidiary of the Company as set out in the table below.
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in securities of Berjaya Sports Toto Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the shares of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Managing Director/Chief Executive Officer of Sports Toto Malaysia Sdn Bhd, a major subsidiary of the Company as set out in the table below.
CMSB - JOINT VENTURE AGREEMENT
Announcement Type: General Announcement
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 21/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101220-45747
Subject: JOINT VENTURE AGREEMENT
Contents: We refer to the announcement dated 17 December 2010 (Ref: CM-101216-52503) in relation to the above and Bursa Malaysia Securities Berhad's ("Bursa Securities") letter dated 20 December 2010 (Ref: NN-101220-45747) for additional information on the abovementioned matter.
The additional information requested is as follows:
1. Breakdown of the total capital and investment outlay of the Joint Venture
Cahya Mata Sarawak Berhad ("CMSB" or "the Company") wishes to clarify that the Project will broadly involve the following:
(a) the development of the new Samalaju township;
(b) the development of supporting light industries and service centers in Samalaju Industrial Park; and
(c) the development and management of temporary workers' camp.
As mentioned in the Company's announcement dated 17 December 2010, the Project will be implemented in stages. At the moment, the JV Company, Samalaju Property Development Sdn Bhd ("SPDSB"), is only working on the construction of a temporary workers' camp for the first industry, Tokuyama Corporation of Japan, who is expected to move in in February 2011. The estimated capital and investment outlay in relation thereto is RM23 million.
At this juncture, the Company is not in the position to provide further financial details pertaining to the township development as it is still at the preliminary stage of negotiations with the State Government. However, as an indicative amount, the estimated RM1.5 billion, for Phase 1 of the township development, stated in the Company's announcement dated 11 May 2010 (Ref: CM-100511-49624) remains the current best estimate for that particular part of the Project.
2. The eventual issued and paid-up capital of SPDSB
Pursuant to the Joint Venture Agreement ("JVA"), the initial issued and paid up capital of SPDSB shall be RM1 million divided into one million (1,000,000) ordinary shares of RM1.00 each. The eventual paid up capital of SPDSB will be determined by the company depending on its capital requirements and shall be altered (whether by way of reduction, increase, consolidation, subdivision or otherwise) in such manner as provided for under the JVA.
3. Details of the development of Samalaju Industrial Park ("Project")
The only involvement of SPDSB in Samalaju Industrial Park is in the development of supporting light industries and service centers which are still at the preliminary stage of discussion with the State Government. The extent of this development work will ultimately depend on the number of actual industries locating to Samalaju Industrial Park.
4. Total development cost of the Project
As mentioned in (3) above, SPDSB's only involvement in Samalaju Industrial Park is on the development of supporting light industries and service centers and as such, the total development costs will ultimately depend on the number of actual industries locating to Samalaju Industrial Park.
5. Expected commencement/completion date of the Project
As mentioned in (1) above, work has commenced on the development of temporary workers' camp scheduled to be ready for Tokuyama Corporation of Japan's contractors/workers to move in in February 2011. Work on the new township and supporting light industries and service centers will commence as soon as the detailed planning is finalised with the State Government.
The Project completion date is yet to be ascertained at this juncture however barring any unforeseen circumstances, it is expected that the total development period for the Project to be about twenty (20) years.
This announcement is dated 21 December 2010.
Query Letter content: We refer to your Company's announcements dated 17 December 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:-
Breakdown of the total capital and investment outlay of the Joint Venture;
The eventual issued and paid-up capital of Samalaju Property Development Sdn
Bhd ("SPDSB");
Details of the development of Samalaju Industrial Park ("Project");
Total development cost of the Project; and
Expected commencement/completion date of the Project.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully,
HENG TECK HENG
Senior Manager, Issuers
Listing Division
Regulation
HTH/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 21/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101220-45747
Subject: JOINT VENTURE AGREEMENT
Contents: We refer to the announcement dated 17 December 2010 (Ref: CM-101216-52503) in relation to the above and Bursa Malaysia Securities Berhad's ("Bursa Securities") letter dated 20 December 2010 (Ref: NN-101220-45747) for additional information on the abovementioned matter.
The additional information requested is as follows:
1. Breakdown of the total capital and investment outlay of the Joint Venture
Cahya Mata Sarawak Berhad ("CMSB" or "the Company") wishes to clarify that the Project will broadly involve the following:
(a) the development of the new Samalaju township;
(b) the development of supporting light industries and service centers in Samalaju Industrial Park; and
(c) the development and management of temporary workers' camp.
As mentioned in the Company's announcement dated 17 December 2010, the Project will be implemented in stages. At the moment, the JV Company, Samalaju Property Development Sdn Bhd ("SPDSB"), is only working on the construction of a temporary workers' camp for the first industry, Tokuyama Corporation of Japan, who is expected to move in in February 2011. The estimated capital and investment outlay in relation thereto is RM23 million.
At this juncture, the Company is not in the position to provide further financial details pertaining to the township development as it is still at the preliminary stage of negotiations with the State Government. However, as an indicative amount, the estimated RM1.5 billion, for Phase 1 of the township development, stated in the Company's announcement dated 11 May 2010 (Ref: CM-100511-49624) remains the current best estimate for that particular part of the Project.
2. The eventual issued and paid-up capital of SPDSB
Pursuant to the Joint Venture Agreement ("JVA"), the initial issued and paid up capital of SPDSB shall be RM1 million divided into one million (1,000,000) ordinary shares of RM1.00 each. The eventual paid up capital of SPDSB will be determined by the company depending on its capital requirements and shall be altered (whether by way of reduction, increase, consolidation, subdivision or otherwise) in such manner as provided for under the JVA.
3. Details of the development of Samalaju Industrial Park ("Project")
The only involvement of SPDSB in Samalaju Industrial Park is in the development of supporting light industries and service centers which are still at the preliminary stage of discussion with the State Government. The extent of this development work will ultimately depend on the number of actual industries locating to Samalaju Industrial Park.
4. Total development cost of the Project
As mentioned in (3) above, SPDSB's only involvement in Samalaju Industrial Park is on the development of supporting light industries and service centers and as such, the total development costs will ultimately depend on the number of actual industries locating to Samalaju Industrial Park.
5. Expected commencement/completion date of the Project
As mentioned in (1) above, work has commenced on the development of temporary workers' camp scheduled to be ready for Tokuyama Corporation of Japan's contractors/workers to move in in February 2011. Work on the new township and supporting light industries and service centers will commence as soon as the detailed planning is finalised with the State Government.
The Project completion date is yet to be ascertained at this juncture however barring any unforeseen circumstances, it is expected that the total development period for the Project to be about twenty (20) years.
This announcement is dated 21 December 2010.
Query Letter content: We refer to your Company's announcements dated 17 December 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:-
Breakdown of the total capital and investment outlay of the Joint Venture;
The eventual issued and paid-up capital of Samalaju Property Development Sdn
Bhd ("SPDSB");
Details of the development of Samalaju Industrial Park ("Project");
Total development cost of the Project; and
Expected commencement/completion date of the Project.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully,
HENG TECK HENG
Senior Manager, Issuers
Listing Division
Regulation
HTH/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
BJCORP - DIRECTORS' DEALINGS IN SECURITIES DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: DIRECTORS' DEALINGS IN SECURITIES DURING CLOSED PERIOD
Contents: Further to our announcement dated 30 November 2010 on the above and pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to directors' dealings in securities of a listed issuer during the closed period, we wish to inform that Tan Sri Dato' Seri Vincent Tan Chee Yioun, the Chairman/Chief Executive Officer of Berjaya Corporation Berhad ("BCorp"), is deemed to have purchased the securities in BCorp, namely, the 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015 of RM0.50 nominal amount each ("ICULS") as set out in Table A below.
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: DIRECTORS' DEALINGS IN SECURITIES DURING CLOSED PERIOD
Contents: Further to our announcement dated 30 November 2010 on the above and pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to directors' dealings in securities of a listed issuer during the closed period, we wish to inform that Tan Sri Dato' Seri Vincent Tan Chee Yioun, the Chairman/Chief Executive Officer of Berjaya Corporation Berhad ("BCorp"), is deemed to have purchased the securities in BCorp, namely, the 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015 of RM0.50 nominal amount each ("ICULS") as set out in Table A below.
BJCORP - Announcement by Cosway Corporation Limited
Announcement Type: General Announcement
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Cosway Corporation Limited
Contents: The Company is pleased to attach herewith the announcement to the Stock Exchange of Hong Kong Limited ("Stock Exchange") on 20 December 2010 by Cosway Corporation Limited, a subsidiary of Berjaya Corporation Berhad which is listed on the Stock Exchange.
Attachments: CCL Interim Results Announcement for the six months ended 31 October 2010.pdf
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 21/12/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Cosway Corporation Limited
Contents: The Company is pleased to attach herewith the announcement to the Stock Exchange of Hong Kong Limited ("Stock Exchange") on 20 December 2010 by Cosway Corporation Limited, a subsidiary of Berjaya Corporation Berhad which is listed on the Stock Exchange.
Attachments: CCL Interim Results Announcement for the six months ended 31 October 2010.pdf
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