FBMKLCI-EA - FBM KLCI etf - Valuation Point as at 2 December 2010
Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 2 December 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.5177
Units in circulation (units): 5,016,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,503.22
Attachments: FBM KLCI etf 20101202.xls
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 2 December 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.5177
Units in circulation (units): 5,016,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,503.22
Attachments: FBM KLCI etf 20101202.xls
MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 02-12-2010
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 02-12-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9430
Units in Circulation (units):660,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:843.25
Attachments: Daily Fund Values 021210.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 02-12-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9430
Units in Circulation (units):660,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:843.25
Attachments: Daily Fund Values 021210.pdf
CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 02-Dec-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 02-Dec-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5781
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,146.93
Attachments: ASEAN 40 - 02122010.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - Valuation Point as at 02-Dec-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
NAV per unit (RM): 1.5781
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,146.93
Attachments: ASEAN 40 - 02122010.pdf
CIMBX25 - CIMB FTSE Xinhua China 25 - Valuation Point as at 02-Dec-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 02-Dec-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0887
Units in circulation (units): 19,500,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,568.56
Attachments: XINHUA 25- 02122010.pdf
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - Valuation Point as at 02-Dec-10
Contents: Fund: CIMB FTSE Xinhua China 25
NAV per unit (RM): 1.0887
Units in circulation (units): 19,500,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,568.56
Attachments: XINHUA 25- 02122010.pdf
ASB - General Announcement
Announcement Type: General Announcement
Company Name: ADVANCE SYNERGY BERHAD
Stock Name: ASB
Date Announced: 02/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: CY-101201-43008
Subject: Originating Summons No. D-24NCC-332-2010 dated 8 October 2010 served on Advance Synergy Capital Sdn Bhd ("ASCAP" or "Defendant"), a wholly-owned subsidiary of Advance Synergy Berhad ("ASB"), by ACE INA International Holdings Ltd ("ACE INA" or "Plaintiff")("Originating Summons")
Contents: We refer to the letter from the Bursa Malaysia Securities Berhad ("Bursa Securities") dated 1December 2010 (Ref: CY-101201-43008) requesting the Company to furnish to Bursa Securities the following information for public release in relation to the Company's announcement dated 30 November 2010.
Query Letter content: We refer to your Company's announcement dated 30 November 2010 in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
(a) The date of the presentation of the Originating Summons and the date the
Originating Summons was served on the ASB/ASCAP.
(b) The details of the circumstances leading to the filing of the Originating
Summons.
(c) The particulars of the orders sought under the Originating Summons.
(d) The particulars of the orders granted by the Court ("Order").
(e) A confirmation as to whether ASCAP is a major subsidiary of ASB and the
total cost of investment in ASCAP.
(f) The financial and operational impact of the Orders on the ASB Group.
(g) The expected losses, if any, arising from the Orders.
(h) The steps taken and proposed to be taken by ASB Group in respect of the
Orders.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
/WCY
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: ADVANCE SYNERGY BERHAD
Stock Name: ASB
Date Announced: 02/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: CY-101201-43008
Subject: Originating Summons No. D-24NCC-332-2010 dated 8 October 2010 served on Advance Synergy Capital Sdn Bhd ("ASCAP" or "Defendant"), a wholly-owned subsidiary of Advance Synergy Berhad ("ASB"), by ACE INA International Holdings Ltd ("ACE INA" or "Plaintiff")("Originating Summons")
Contents: We refer to the letter from the Bursa Malaysia Securities Berhad ("Bursa Securities") dated 1December 2010 (Ref: CY-101201-43008) requesting the Company to furnish to Bursa Securities the following information for public release in relation to the Company's announcement dated 30 November 2010.
Query Letter content: We refer to your Company's announcement dated 30 November 2010 in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
(a) The date of the presentation of the Originating Summons and the date the
Originating Summons was served on the ASB/ASCAP.
(b) The details of the circumstances leading to the filing of the Originating
Summons.
(c) The particulars of the orders sought under the Originating Summons.
(d) The particulars of the orders granted by the Court ("Order").
(e) A confirmation as to whether ASCAP is a major subsidiary of ASB and the
total cost of investment in ASCAP.
(f) The financial and operational impact of the Orders on the ASB Group.
(g) The expected losses, if any, arising from the Orders.
(h) The steps taken and proposed to be taken by ASB Group in respect of the
Orders.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
/WCY
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
TM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: TELEKOM MALAYSIA BERHAD
Stock Name: TM
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: TELEKOM MALAYSIA BERHAD ("TM")
PROPOSED DISPOSAL OF UP TO 191,458,007 ORDINARY SHARES OF RM1.00 EACH IN AXIATA GROUP BERHAD ("AXIATA") ("AXIATA SHARES") ("PROPOSED DISPOSAL")
Contents: -
Attachments: Ann - Proposed Disposal (Final) (Bursa).pdf
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: TELEKOM MALAYSIA BERHAD
Stock Name: TM
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: TELEKOM MALAYSIA BERHAD ("TM")
PROPOSED DISPOSAL OF UP TO 191,458,007 ORDINARY SHARES OF RM1.00 EACH IN AXIATA GROUP BERHAD ("AXIATA") ("AXIATA SHARES") ("PROPOSED DISPOSAL")
Contents: -
Attachments: Ann - Proposed Disposal (Final) (Bursa).pdf
CNI - General Announcement
Announcement Type: General Announcement
Company Name: CNI HOLDINGS BERHAD
Stock Name: CNI
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: Principal Officers' Disclosure of Dealings in Securities pursuant to Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), CNI Holdings Berhad (the "Company") wishes to notify Bursa Securities that the Company has on 2 December 2010 received notification from the Principal Officers in relation to their dealings in securities of the Company. Details are set out in the table below.
This announcement is dated 2 December 2010.
Company Name: CNI HOLDINGS BERHAD
Stock Name: CNI
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: Principal Officers' Disclosure of Dealings in Securities pursuant to Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), CNI Holdings Berhad (the "Company") wishes to notify Bursa Securities that the Company has on 2 December 2010 received notification from the Principal Officers in relation to their dealings in securities of the Company. Details are set out in the table below.
This announcement is dated 2 December 2010.
STONE - General Announcement
Announcement Type: General Announcement
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: STONE MASTER CORPORATION BERHAD ("SMCB" or "the Company")
- ADJOURNMENT BY THE COURT OF THE INITIAL HEARING DATE FIXED FOR HEARING BY THE COURT OF THE NOTICE OF THE WINDING-UP PETITION SERVED ON STONE MASTER (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF S.P. GRANITE SDN BHD, WHICH IN TURN, IS A WHOLLY-OWNED SUBSIDIARY OF STONE MASTER CORPORATION BERHAD IN THE MATTER OF THE KUALA LUMPUR HIGH COURT WINDING-UP PETITION NO.D-21NCC-51-2010.
Contents: Referenc is made to the Company's announcement made on 3rd November 2010 and 4th November 2010 pertaining to the Notice of the Winding-up Petition served on Stone Master (Malaysia)Sdn Bhd [SM(M)SB], a wholly-owned subsidiary of S.P. Granite Sdn Bhd, which in turn, is a wholly-owned subsidiary of the Company by the Government Malaysia ("the Petitioner") against SM(M)SB in the matter of the Kuala Lumpur High Court Winding-up Petition No. D-21NCC-51-2010 ("the Winding-up Petition"). The Board of Directors of SMCB wishes to inform that the initial hearing date fixed by the Court for hearing today, i.e. 2nd December 2010 for the said Winding-up Petition and the Application to strike out the Said Petition has been adjourned by the Court to 17th December 2010 for hearing, pending settlement.
This Announcement is dated 2nd December 2010.
Company Name: STONE MASTER CORPORATION BERHAD
Stock Name: STONE
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: STONE MASTER CORPORATION BERHAD ("SMCB" or "the Company")
- ADJOURNMENT BY THE COURT OF THE INITIAL HEARING DATE FIXED FOR HEARING BY THE COURT OF THE NOTICE OF THE WINDING-UP PETITION SERVED ON STONE MASTER (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF S.P. GRANITE SDN BHD, WHICH IN TURN, IS A WHOLLY-OWNED SUBSIDIARY OF STONE MASTER CORPORATION BERHAD IN THE MATTER OF THE KUALA LUMPUR HIGH COURT WINDING-UP PETITION NO.D-21NCC-51-2010.
Contents: Referenc is made to the Company's announcement made on 3rd November 2010 and 4th November 2010 pertaining to the Notice of the Winding-up Petition served on Stone Master (Malaysia)Sdn Bhd [SM(M)SB], a wholly-owned subsidiary of S.P. Granite Sdn Bhd, which in turn, is a wholly-owned subsidiary of the Company by the Government Malaysia ("the Petitioner") against SM(M)SB in the matter of the Kuala Lumpur High Court Winding-up Petition No. D-21NCC-51-2010 ("the Winding-up Petition"). The Board of Directors of SMCB wishes to inform that the initial hearing date fixed by the Court for hearing today, i.e. 2nd December 2010 for the said Winding-up Petition and the Application to strike out the Said Petition has been adjourned by the Court to 17th December 2010 for hearing, pending settlement.
This Announcement is dated 2nd December 2010.
EKOVEST - PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD ("PURCHASE")
Announcement Type: General Announcement
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 02/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101201-61752
Subject: PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD ("PURCHASE")
Contents: Ekovest Berhad ("EB" or "the Company") is pleased to furnish herewith the following additional information as required by Bursa Malaysia Securities Berhad ("Bursa Securities") via its letter dated 1 December 2010:-
1. Justification for the consideration:
The selling price was based on the developer's standard selling price to the public. The consideration sum was arrived after taking into the consideration of the 5% discount from the developer.
2. Manner in which the consideration will be satisfied including the terms of any arrangement for payment on deferred basis:
The consideration sum shall be paid by purchaser to the developer by progressive payment in the manner set out in Sales and Purchase Agreement. The progress payment certificate shall be certified by a qualified architect/engineer .
3. Net book value of the bungalow lots, based on latest financial statements:
Not applicable as all the costs incurred by developer for the bungalow lots were classified under development expenditure.
4. Effect of the Purchase on the Company's earnings per share:
There is no significant effect of the transaction on the Company's Earnings per Share.
5. Breakdown in the source of funding:
The purchase consideration of RM15,356,484.00 will be funded from internally generated funds and/or financial institutions. The management has not decided on the breakdown of the funding requirements as the Company currently has adequate funds to complete the purchase.
6. Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by the Company, arising from the Purchase.
There are no any liabilities, including contingent liabilities and guarantees to be assumed by the Company arising from the purchase.
7. Salient features of the agreement:
The salient features of the agreement are as follows;
Payment of Purchase Price
UPON THE EXECUTION OF THIS AGREEMENT BY WAY OF DEPOSIT AND EARNEST MONEY ("DEPOSIT")
WITHIN 14 DAYS FROM THE DATE OF THE VENDOR'S WRITTEN NOTICE OF :
(a) THE COMMENCEMENT OF EARTHWORKS (INCLUDING RECLAMATION WORKS, IF ANY) OF THE SAID LOT - 15%
(b) THE COMMENCEMENT OF MAIN ROAD AND BRIDGE LEADING TO THE OTHER LOTS - 15%
(c) THE COMMENCEMENT OF THE DRAIN FRONTING THE SAID LOT - 15%
(d) THE COMMENCEMENT OF THE LAYING OF WATER PIPES UP TO THE BOUNDARY OF THE SAID LOT - 15%
(e) THE COMMENCEMENT OF THE LAYING OF ELECTRICITY UP TO THE BOUNDARY OF THE SAID LOT - 15%
(f) THE COMMENCEMENT OF THE ROAD FRONTING THE SAID LOT - 10%
(g) THE HANDING OVER OF VACANT POSSESSION OF THE SAID LOT TO THE PURCHASER - 5%
Interest on late payment - 10% per annum
Time of handing vacant possession - 36 months from the date of the Sale and Purchase Agreement
8. The highest percentage ratio applicable to the Purchase pursuant to paragraph 10.02(g) of the Main Market Listing Requirement:
The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Listing Requirements is 4.90%.
9. Terms of the tenure of the bungalow lots, if leasehold, the expiry date of the lease:
The tenure of the property is freehold .
10. Whether any valuation were carried out on the bungalow lots, if so, the name of the independent, registered valuer, dates and methods of valuation, quantification of the market values; time and place where the valuation reports my be inspected:
There was no any valuation carried out on the bungalow lots. The selling price was based on developer pricing list less 5 % discount.
11. Information as prescribed under item 4, part C, Appendix 10A of the Main Market Listing Requirements:
Where the real estate is in the process of being developed or is intended to be developed, the following additional details:
(a) The details of development potential, i.e. Name of the project, type of development - residential, industrial or commercial, number of units in respect of each type of development;
The acquisition is for the purpose of investment in a strategic location with potential for capital growth/development purpose. Any development on the properties will only be after the completion of the purchase which is expected in 36 months.
(b) The total development cost;
The development cost will only be ascertain after the completion of the purchase.
(c) The expected commencement and completion date(s) of development;
The development, if any, is expected to commence immediately after the completion of the purchase, which is expected in 36 months time and completed within 3 years from the commencement date.
(d) The expected profits to be derived;
Not Applicable.
(e) The stage or percentage of completion;
Not Applicable.
(f) The sources of funds to finance the development cost; and
Not Applicable.
(g) Whether relevant approvals for the development have been obtained and date(s) obtained.
Not Applicable.
Query Letter content: We refer to your Company's announcement dated 29 November 2010, in respect of
the aforesaid Purchase.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. Justification for the consideration;
2. Manner in which the consideration will be satisfied including the terms of
any arrangement for payment on a deferred basis;
3. Net book value of the bungalow lots, based on latest financial statements;
4. Effect of the Purchase on the Company's earnings per share;
5. Breakdown in the source of funding;
6. Particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Company, arising from the Purchase;
7. Salient features of the agreement;
8. The highest percentage ratio applicable to the Purchase pursuant to
Paragraph 10.02(g) of the Main Market Listing Requirements ("Main Market LR");
9. Terms of the tenure of the bungalow lots, if leasehold, the expiry date of
the lease;
10. Whether any valuation were carried out on the bungalow lots, if so , the
name of the independent, registered valuer, dates and methods of valuation,
quantification of the market values; time and place where the valuation reports
may be inspected; and
11. Information as prescribed under item 4, part C, Appendix 10A of the Main
Market LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/RSA
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 02/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101201-61752
Subject: PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD ("PURCHASE")
Contents: Ekovest Berhad ("EB" or "the Company") is pleased to furnish herewith the following additional information as required by Bursa Malaysia Securities Berhad ("Bursa Securities") via its letter dated 1 December 2010:-
1. Justification for the consideration:
The selling price was based on the developer's standard selling price to the public. The consideration sum was arrived after taking into the consideration of the 5% discount from the developer.
2. Manner in which the consideration will be satisfied including the terms of any arrangement for payment on deferred basis:
The consideration sum shall be paid by purchaser to the developer by progressive payment in the manner set out in Sales and Purchase Agreement. The progress payment certificate shall be certified by a qualified architect/engineer .
3. Net book value of the bungalow lots, based on latest financial statements:
Not applicable as all the costs incurred by developer for the bungalow lots were classified under development expenditure.
4. Effect of the Purchase on the Company's earnings per share:
There is no significant effect of the transaction on the Company's Earnings per Share.
5. Breakdown in the source of funding:
The purchase consideration of RM15,356,484.00 will be funded from internally generated funds and/or financial institutions. The management has not decided on the breakdown of the funding requirements as the Company currently has adequate funds to complete the purchase.
6. Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by the Company, arising from the Purchase.
There are no any liabilities, including contingent liabilities and guarantees to be assumed by the Company arising from the purchase.
7. Salient features of the agreement:
The salient features of the agreement are as follows;
Payment of Purchase Price
UPON THE EXECUTION OF THIS AGREEMENT BY WAY OF DEPOSIT AND EARNEST MONEY ("DEPOSIT")
WITHIN 14 DAYS FROM THE DATE OF THE VENDOR'S WRITTEN NOTICE OF :
(a) THE COMMENCEMENT OF EARTHWORKS (INCLUDING RECLAMATION WORKS, IF ANY) OF THE SAID LOT - 15%
(b) THE COMMENCEMENT OF MAIN ROAD AND BRIDGE LEADING TO THE OTHER LOTS - 15%
(c) THE COMMENCEMENT OF THE DRAIN FRONTING THE SAID LOT - 15%
(d) THE COMMENCEMENT OF THE LAYING OF WATER PIPES UP TO THE BOUNDARY OF THE SAID LOT - 15%
(e) THE COMMENCEMENT OF THE LAYING OF ELECTRICITY UP TO THE BOUNDARY OF THE SAID LOT - 15%
(f) THE COMMENCEMENT OF THE ROAD FRONTING THE SAID LOT - 10%
(g) THE HANDING OVER OF VACANT POSSESSION OF THE SAID LOT TO THE PURCHASER - 5%
Interest on late payment - 10% per annum
Time of handing vacant possession - 36 months from the date of the Sale and Purchase Agreement
8. The highest percentage ratio applicable to the Purchase pursuant to paragraph 10.02(g) of the Main Market Listing Requirement:
The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Listing Requirements is 4.90%.
9. Terms of the tenure of the bungalow lots, if leasehold, the expiry date of the lease:
The tenure of the property is freehold .
10. Whether any valuation were carried out on the bungalow lots, if so, the name of the independent, registered valuer, dates and methods of valuation, quantification of the market values; time and place where the valuation reports my be inspected:
There was no any valuation carried out on the bungalow lots. The selling price was based on developer pricing list less 5 % discount.
11. Information as prescribed under item 4, part C, Appendix 10A of the Main Market Listing Requirements:
Where the real estate is in the process of being developed or is intended to be developed, the following additional details:
(a) The details of development potential, i.e. Name of the project, type of development - residential, industrial or commercial, number of units in respect of each type of development;
The acquisition is for the purpose of investment in a strategic location with potential for capital growth/development purpose. Any development on the properties will only be after the completion of the purchase which is expected in 36 months.
(b) The total development cost;
The development cost will only be ascertain after the completion of the purchase.
(c) The expected commencement and completion date(s) of development;
The development, if any, is expected to commence immediately after the completion of the purchase, which is expected in 36 months time and completed within 3 years from the commencement date.
(d) The expected profits to be derived;
Not Applicable.
(e) The stage or percentage of completion;
Not Applicable.
(f) The sources of funds to finance the development cost; and
Not Applicable.
(g) Whether relevant approvals for the development have been obtained and date(s) obtained.
Not Applicable.
Query Letter content: We refer to your Company's announcement dated 29 November 2010, in respect of
the aforesaid Purchase.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. Justification for the consideration;
2. Manner in which the consideration will be satisfied including the terms of
any arrangement for payment on a deferred basis;
3. Net book value of the bungalow lots, based on latest financial statements;
4. Effect of the Purchase on the Company's earnings per share;
5. Breakdown in the source of funding;
6. Particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Company, arising from the Purchase;
7. Salient features of the agreement;
8. The highest percentage ratio applicable to the Purchase pursuant to
Paragraph 10.02(g) of the Main Market Listing Requirements ("Main Market LR");
9. Terms of the tenure of the bungalow lots, if leasehold, the expiry date of
the lease;
10. Whether any valuation were carried out on the bungalow lots, if so , the
name of the independent, registered valuer, dates and methods of valuation,
quantification of the market values; time and place where the valuation reports
may be inspected; and
11. Information as prescribed under item 4, part C, Appendix 10A of the Main
Market LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/RSA
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
WCT - Acquisition of a new Subsidiary Company - Platinum Meadow Sdn Bhd
Announcement Type: General Announcement
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of a new Subsidiary Company
- Platinum Meadow Sdn Bhd
Contents: WCT Berhad (the "Company" or "WCT") wishes to announce that its wholly-owned subsidiary, WCT Land Sdn Bhd, had on 2 December 2010 acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of Platinum Meadow Sdn. Bhd. (Company No. 917543-W) ["PMSB") for a total cash consideration of RM2.00 ("the Acquisition").
PMSB, a company incorporated in Malaysia, has an authorised share capital of RM100,000/= and an issued and paid up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each. PMSB is currently dormant and no liabilities will be assumed pursuant to the Acquisition.
None of the Directors or Major Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Acquisition.
This announcement is dated 2 December 2010.
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 02/12/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of a new Subsidiary Company
- Platinum Meadow Sdn Bhd
Contents: WCT Berhad (the "Company" or "WCT") wishes to announce that its wholly-owned subsidiary, WCT Land Sdn Bhd, had on 2 December 2010 acquired two (2) ordinary shares of RM1.00 each at par representing the entire issued and paid-up share capital of Platinum Meadow Sdn. Bhd. (Company No. 917543-W) ["PMSB") for a total cash consideration of RM2.00 ("the Acquisition").
PMSB, a company incorporated in Malaysia, has an authorised share capital of RM100,000/= and an issued and paid up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each. PMSB is currently dormant and no liabilities will be assumed pursuant to the Acquisition.
None of the Directors or Major Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Acquisition.
This announcement is dated 2 December 2010.
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