INCKEN - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name: INCKEN
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Cessation
Designation: Alternate Director
Directorate: Independent & Non Executive
Name: ALAN MAITLAND DEWAR MCWILLIAM
Age: 57
Nationality: BRITISH
Qualifications: 1975-BACHELOR OF ARTS DEGREE (OXFORD UNIVERSITY)
1977-LLB (EDINBURGH)
1978-MASTERS OF ARTS DEGREE (OXFORD UNIVERSITY)
Working experience and occupation: 1977-1994 - BIGGART BAILLIE (STARTED AS APPRENTICE IN 1977 AND BECAME A PARTNER IN 1981)
1994-TODATE - MCWILLIAM WS, SOLE PRINCIPAL PRACTICE
Directorship of public companies (if any): NOT APPLICABLE
Family relationship with any director and/or major shareholder of the listed issuer: NOT APPLICABLE
Any conflict of interests that he/she has with the listed issuer: NOT APPLICABLE
Details of any interest in the securities of the listed issuer or its subsidiaries: NOT APPLICABLE
Company Name: INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name: INCKEN
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Cessation
Designation: Alternate Director
Directorate: Independent & Non Executive
Name: ALAN MAITLAND DEWAR MCWILLIAM
Age: 57
Nationality: BRITISH
Qualifications: 1975-BACHELOR OF ARTS DEGREE (OXFORD UNIVERSITY)
1977-LLB (EDINBURGH)
1978-MASTERS OF ARTS DEGREE (OXFORD UNIVERSITY)
Working experience and occupation: 1977-1994 - BIGGART BAILLIE (STARTED AS APPRENTICE IN 1977 AND BECAME A PARTNER IN 1981)
1994-TODATE - MCWILLIAM WS, SOLE PRINCIPAL PRACTICE
Directorship of public companies (if any): NOT APPLICABLE
Family relationship with any director and/or major shareholder of the listed issuer: NOT APPLICABLE
Any conflict of interests that he/she has with the listed issuer: NOT APPLICABLE
Details of any interest in the securities of the listed issuer or its subsidiaries: NOT APPLICABLE
INCKEN - NOMINATING & REMUNERATION COMMITTEES
Announcement Type: General Announcement
Company Name: INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name: INCKEN
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NOMINATING & REMUNERATION COMMITTEES
Contents: Inch Kenneth Kajang Rubber Public Limited Company wishes to announce that with effect from 17 December 2010, YM Tengku Mohamed Fauzi bin Tengku Abdul Hamid has resigned as a Member of the Nominating and Remuneration Committees.
Y.Bhg. Tan Sri Dato' Bentara Istana Nik Hashim bin Nik Ab Rahman and Dr Radzuan bin A. Rahman have been appointed as the new Members to fill up the casual vacancy in the Nominating Committee and Remuneration Committee respectively.
The composition of the Nominating Committee after the change is as follows:-
1. Y.Bhg. Dato' Adnan bin Maaruf (Chairman, Non-Independent & Executive)
2. Y.Bhg. Datuk Kamaruddin bin Awang (Member, Independent & Non-Executive)
3. Y.Bhg. Tan Sri Dato' Bentara Istana Nik Hashim bin Nik Ab Rahman (Member, Independent & Non-Executive)
The composition of the Remuneration Committee after the change is as follows:-
1. Y.Bhg. Dato' Hj Muda bin Mohamed (Chairman, Independent & Non-Executive)
2. Y.Bhg. Datuk Kamaruddin bin Awang (Member, Independent & Non-Executive)
3. Dr Radzuan bin A. Rahman (Member, Independent & Non-Executive)
Company Name: INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name: INCKEN
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NOMINATING & REMUNERATION COMMITTEES
Contents: Inch Kenneth Kajang Rubber Public Limited Company wishes to announce that with effect from 17 December 2010, YM Tengku Mohamed Fauzi bin Tengku Abdul Hamid has resigned as a Member of the Nominating and Remuneration Committees.
Y.Bhg. Tan Sri Dato' Bentara Istana Nik Hashim bin Nik Ab Rahman and Dr Radzuan bin A. Rahman have been appointed as the new Members to fill up the casual vacancy in the Nominating Committee and Remuneration Committee respectively.
The composition of the Nominating Committee after the change is as follows:-
1. Y.Bhg. Dato' Adnan bin Maaruf (Chairman, Non-Independent & Executive)
2. Y.Bhg. Datuk Kamaruddin bin Awang (Member, Independent & Non-Executive)
3. Y.Bhg. Tan Sri Dato' Bentara Istana Nik Hashim bin Nik Ab Rahman (Member, Independent & Non-Executive)
The composition of the Remuneration Committee after the change is as follows:-
1. Y.Bhg. Dato' Hj Muda bin Mohamed (Chairman, Independent & Non-Executive)
2. Y.Bhg. Datuk Kamaruddin bin Awang (Member, Independent & Non-Executive)
3. Dr Radzuan bin A. Rahman (Member, Independent & Non-Executive)
CMSB - CAHYA MATA SARAWAK BERHAD ("CMSB" OR "THE COMPANY") JOINT VENTURE AGREEMENT
Announcement Type: General Announcement
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: CAHYA MATA SARAWAK BERHAD ("CMSB" OR "THE COMPANY")
JOINT VENTURE AGREEMENT
Contents: 1. INTRODUCTION
We refer to the Company's announcements dated 10 May 2010, 9 August 2010 and 10 November 2010 respectively pertaining to Memorandum of Understanding ("MOU") with Naim Cendera Sdn Bhd ("NCSB"), a wholly subsidiary of Naim Holdings Berhad and Bintulu Development Authority ("BDA") to signify their intention to jointly carry on the business of developing the Land into a township to cater to the housing needs arising from the development of the Samalaju Industrial Park including to develop service centres and light industrial buildings on the Land, to build and manage temporary labourers' and executive accommodation that may be required by industries locating their operations on the Samalaju Industrial Park ("the Project").
The Board of Directors of CMSB wishes to announce that further to the MOU, its wholly owned subsidiary company, Similajau Industries Sdn Bhd ("SISB") has, on 17 December 2010 entered into a Joint Venture Agreement ("JVA") with NCSB and BDA in respect of the Project.
2. BACKGROUND INFORMATION ON SISB, NCSB AND BDA
2.1 SISB
SISB was incorporated in Malaysia on 3 August 2007 as a private limited company under the Companies Act, 1965. The current authorised and issued and paid up share capital of SISB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each. Its principal activity is investment holding. SISB is a wholly owned subsidiary of CMSB.
2.2 NCSB
NCSB was incorporated in Malaysia on 12 April 1993 as a private limited under the Companies Act, 1965. The current authorised capital of NCSB is RM100,000,000 divided into 100,000,000 ordinary shares of RM1.00 each and the issued and paid up share capital is RM80,000,000.00 divided into 80,000,000 ordinary shares of RM1.00 each. Its principal activity is property development. NCSB is a wholly owned subsidiary of Naim Holdings Berhad.
2.3 BDA
BDA is a body corporate established under the Bintulu Development Authority Ordinance 1978 and having its address at Wisma Bintulu, No. 1 Jalan Tanjung Kidurong, Bintulu, Sarawak. It was established to serve as the government agency to take charge of physical planning and development of the area declared to be a designed area of BDA in Bintulu.
3. SALIENT TERMS OF THE JVA
A summary of the salient terms of the JVA, inter-alia, are as follows:-
(a) The JVA is conditional upon the parties to the JVA, where necessary, obtaining their respective approvals or ratification from their board, shareholders or board members, as the case may be.
(b) If the conditions precedent referred to in the preceding paragraph are not obtained within twelve (12) months from the date of the JVA or such extended date as may be mutually agreed, then any one of the parties to the JVA may terminate the JVA.
(c) A private limited company under the name Samalaju Property Development Sdn. Bhd. ("SPDSB") or such other name as shall be agreed between the joint venture parties and approved by the Companies Commission of Malaysia shall be the joint venture ("JV") company. The proposed initial authorised, issued and paid-up capital of the JV company shall be Ringgit Malaysia One Million only (RM1,000,000.00) divided into One Million (1,000,000) ordinary shares of RM1.00 each.
(d) The equity participation of the parties shall be in the following proportions:-
a) SISB 51%
b) NCSB 39%
c) BDA 10%
Upon allotment of shares in the JV company, the JV company will become a 51% subsidiary company of CMSB.
(e) Unless otherwise agreed, SPDSB shall have not less than 7 directors.
(f) The parties to the JVA undertake that the Memorandum and Articles of Association of SPDSB shall be modified as soon as possible to conform with the terms of the JVA.
(g) The parties to the JVA shall at all times cause SPDSB, inter alia, to undertake, implement and carry on the business and activities of and relating to the designing, planning, construction, marketing, sales, trading, leasing, development and management of the Project.
(h) The parties to the JVA agree that the Project shall be developed in stages/phases and where required, the land for development shall be acquired by SPDSB.
(i) The parties to the JVA agree to duly perform and observe all the terms and conditions under the JVA and always act in the best interest of SPDSB and to avoid any conflicts of interest with SPDSB's business.
4. CONDITIONS PRECEDENT
The JVA is conditional upon the parties to the JVA, where necessary, obtaining their respective approvals or ratification from their board, shareholders or board members, as the case may be.
5. RATIONALE AND PROSPECTS
The JV will expand CMSB's property development business and allows CMSB to participate in the development of Samalaju Industrial Park which is the Heavy Industrial Node under the master-plan for SCORE, the Sarawak Corridor for Renewable Energy.
6. RISK FACTORS
There are no significant risk factors apart from business risks inherent in the property development industry and in the business of providing accommodation and related services.
7. FINANCIAL EFFECTS
The JV will not have any material effect on CMSB's share capital, substantial shareholders' shareholdings, earnings and net assets for the financial year ending 31 December 2010.
The JV is expected to contribute positively to the future earnings of CMSB.
8. FUNDING
The source of funds for the investment in the JV company, SPDSB, shall be financed by internally generated funds.
9. APPROVALS REQUIRED
The JV does not require the approval of the shareholders of CMSB or any other regulatory body.
10. STATEMENT BY THE BOARD
Having considered all aspects of the JV, the Board of CMSB is of the opinion that the Project is in the best long-term interest of CMSB.
11. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM
None of the directors or major shareholders of CMSB and/or persons connected to them has any interest, direct or indirect, in the JV.
12. DOCUMENTS FOR INSPECTION
The JVA is available for inspection at the registered office at Level 6 Wisma Mahmud, Jalan Sungai Sarawak, 93100, Kuching, Sarawak from Mondays to Fridays (except public holidays) during business hours, for a period of three (3) months from the date of this announcement.
This announcement is dated 17 December 2010.
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: CAHYA MATA SARAWAK BERHAD ("CMSB" OR "THE COMPANY")
JOINT VENTURE AGREEMENT
Contents: 1. INTRODUCTION
We refer to the Company's announcements dated 10 May 2010, 9 August 2010 and 10 November 2010 respectively pertaining to Memorandum of Understanding ("MOU") with Naim Cendera Sdn Bhd ("NCSB"), a wholly subsidiary of Naim Holdings Berhad and Bintulu Development Authority ("BDA") to signify their intention to jointly carry on the business of developing the Land into a township to cater to the housing needs arising from the development of the Samalaju Industrial Park including to develop service centres and light industrial buildings on the Land, to build and manage temporary labourers' and executive accommodation that may be required by industries locating their operations on the Samalaju Industrial Park ("the Project").
The Board of Directors of CMSB wishes to announce that further to the MOU, its wholly owned subsidiary company, Similajau Industries Sdn Bhd ("SISB") has, on 17 December 2010 entered into a Joint Venture Agreement ("JVA") with NCSB and BDA in respect of the Project.
2. BACKGROUND INFORMATION ON SISB, NCSB AND BDA
2.1 SISB
SISB was incorporated in Malaysia on 3 August 2007 as a private limited company under the Companies Act, 1965. The current authorised and issued and paid up share capital of SISB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each. Its principal activity is investment holding. SISB is a wholly owned subsidiary of CMSB.
2.2 NCSB
NCSB was incorporated in Malaysia on 12 April 1993 as a private limited under the Companies Act, 1965. The current authorised capital of NCSB is RM100,000,000 divided into 100,000,000 ordinary shares of RM1.00 each and the issued and paid up share capital is RM80,000,000.00 divided into 80,000,000 ordinary shares of RM1.00 each. Its principal activity is property development. NCSB is a wholly owned subsidiary of Naim Holdings Berhad.
2.3 BDA
BDA is a body corporate established under the Bintulu Development Authority Ordinance 1978 and having its address at Wisma Bintulu, No. 1 Jalan Tanjung Kidurong, Bintulu, Sarawak. It was established to serve as the government agency to take charge of physical planning and development of the area declared to be a designed area of BDA in Bintulu.
3. SALIENT TERMS OF THE JVA
A summary of the salient terms of the JVA, inter-alia, are as follows:-
(a) The JVA is conditional upon the parties to the JVA, where necessary, obtaining their respective approvals or ratification from their board, shareholders or board members, as the case may be.
(b) If the conditions precedent referred to in the preceding paragraph are not obtained within twelve (12) months from the date of the JVA or such extended date as may be mutually agreed, then any one of the parties to the JVA may terminate the JVA.
(c) A private limited company under the name Samalaju Property Development Sdn. Bhd. ("SPDSB") or such other name as shall be agreed between the joint venture parties and approved by the Companies Commission of Malaysia shall be the joint venture ("JV") company. The proposed initial authorised, issued and paid-up capital of the JV company shall be Ringgit Malaysia One Million only (RM1,000,000.00) divided into One Million (1,000,000) ordinary shares of RM1.00 each.
(d) The equity participation of the parties shall be in the following proportions:-
a) SISB 51%
b) NCSB 39%
c) BDA 10%
Upon allotment of shares in the JV company, the JV company will become a 51% subsidiary company of CMSB.
(e) Unless otherwise agreed, SPDSB shall have not less than 7 directors.
(f) The parties to the JVA undertake that the Memorandum and Articles of Association of SPDSB shall be modified as soon as possible to conform with the terms of the JVA.
(g) The parties to the JVA shall at all times cause SPDSB, inter alia, to undertake, implement and carry on the business and activities of and relating to the designing, planning, construction, marketing, sales, trading, leasing, development and management of the Project.
(h) The parties to the JVA agree that the Project shall be developed in stages/phases and where required, the land for development shall be acquired by SPDSB.
(i) The parties to the JVA agree to duly perform and observe all the terms and conditions under the JVA and always act in the best interest of SPDSB and to avoid any conflicts of interest with SPDSB's business.
4. CONDITIONS PRECEDENT
The JVA is conditional upon the parties to the JVA, where necessary, obtaining their respective approvals or ratification from their board, shareholders or board members, as the case may be.
5. RATIONALE AND PROSPECTS
The JV will expand CMSB's property development business and allows CMSB to participate in the development of Samalaju Industrial Park which is the Heavy Industrial Node under the master-plan for SCORE, the Sarawak Corridor for Renewable Energy.
6. RISK FACTORS
There are no significant risk factors apart from business risks inherent in the property development industry and in the business of providing accommodation and related services.
7. FINANCIAL EFFECTS
The JV will not have any material effect on CMSB's share capital, substantial shareholders' shareholdings, earnings and net assets for the financial year ending 31 December 2010.
The JV is expected to contribute positively to the future earnings of CMSB.
8. FUNDING
The source of funds for the investment in the JV company, SPDSB, shall be financed by internally generated funds.
9. APPROVALS REQUIRED
The JV does not require the approval of the shareholders of CMSB or any other regulatory body.
10. STATEMENT BY THE BOARD
Having considered all aspects of the JV, the Board of CMSB is of the opinion that the Project is in the best long-term interest of CMSB.
11. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM
None of the directors or major shareholders of CMSB and/or persons connected to them has any interest, direct or indirect, in the JV.
12. DOCUMENTS FOR INSPECTION
The JVA is available for inspection at the registered office at Level 6 Wisma Mahmud, Jalan Sungai Sarawak, 93100, Kuching, Sarawak from Mondays to Fridays (except public holidays) during business hours, for a period of three (3) months from the date of this announcement.
This announcement is dated 17 December 2010.
IJM - Letter of Acceptance for the Superstructure Works for Platinum Park Phase 3 Project in Kuala Lumpur
Announcement Type: General Announcement
Company Name: IJM CORPORATION BERHAD
Stock Name: IJM
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Letter of Acceptance for the Superstructure Works for Platinum Park Phase 3 Project in Kuala Lumpur
Contents: IJM Construction Sdn Bhd, a wholly-owned subsidiary of the Company, has on 16 December 2010 accepted the Letter of Acceptance of Work Contract from Naza TTDI Construction Sdn Bhd for the Execution and Completion of Superstructure Works for the Platinum Park Phase 3 - Proposed Development of 2 Office Tower Blocks 50 and 38 Levels Comprising of 1 Level Facilities Area at Level 10, 8 Levels of Podium Carpark at Level 2 to 9 including 3 Levels Basement Carpark on Lot 267, 270, Part of Lot 268, Part of Lot 324, Section 63, Jalan Stonor, Kuala Lumpur ("the Project") at a contract sum of RM460.59 million. The completion date of the Project is 31 December 2013.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the transaction.
Company Name: IJM CORPORATION BERHAD
Stock Name: IJM
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Letter of Acceptance for the Superstructure Works for Platinum Park Phase 3 Project in Kuala Lumpur
Contents: IJM Construction Sdn Bhd, a wholly-owned subsidiary of the Company, has on 16 December 2010 accepted the Letter of Acceptance of Work Contract from Naza TTDI Construction Sdn Bhd for the Execution and Completion of Superstructure Works for the Platinum Park Phase 3 - Proposed Development of 2 Office Tower Blocks 50 and 38 Levels Comprising of 1 Level Facilities Area at Level 10, 8 Levels of Podium Carpark at Level 2 to 9 including 3 Levels Basement Carpark on Lot 267, 270, Part of Lot 268, Part of Lot 324, Section 63, Jalan Stonor, Kuala Lumpur ("the Project") at a contract sum of RM460.59 million. The completion date of the Project is 31 December 2013.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the transaction.
BJCORP - DIRECTORS' DEALINGS IN SECURITIES DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 17/12/2010
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"), has purchased the securities in BCorp as set out in Table A below.
Company Name: BERJAYA CORPORATION BERHAD
Stock Name: BJCORP
Date Announced: 17/12/2010
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"), has purchased the securities in BCorp as set out in Table A below.
MULPHA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 900,000
Minimum price paid for each share purchased ($$): 0.530
Maximum price paid for each share purchased ($$): 0.540
Total consideration paid ($$): 485,124.00
Number of shares purchased retained in treasury (units): 900,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 10,515,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.45
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 900,000
Minimum price paid for each share purchased ($$): 0.530
Maximum price paid for each share purchased ($$): 0.540
Total consideration paid ($$): 485,124.00
Number of shares purchased retained in treasury (units): 900,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 10,515,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.45
UMW - General Announcement
Announcement Type: General Announcement
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officer of UMW Holdings Berhad ("UMW") 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 following Principal Officer of UMW had transacted in the securities of UMW, as set out in Table 1 below.
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officer of UMW Holdings Berhad ("UMW") 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 following Principal Officer of UMW had transacted in the securities of UMW, as set out in Table 1 below.
ANCOM - General Announcement
Announcement Type: General Announcement
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: ANCOM BERHAD ("Ancom" or "Company")
Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT Mandate")
Contents: Further to the Company's announcements made on 15 October 2010 and 22 October 2010, Ancom wishes to announce that for the period from 27 November 2009 to 25 November 2010 (being the validity period of the RRPT Mandate), the actual transacted value for :
(1) the storage services provided by SinSenMoh Transportation Pte Ltd to Dynamic Chemical Trading Pte Ltd (a related party) was RM178,457, representing a further deviation of 22.1% (total deviation of 48.7%) from the estimated value of RM120,000 ; and
(2) the transportation services provided by Pengangkutan Cogent Sdn Bhd to Fermpro Sdn Bhd (a related party) was RM138,250, representing a further deviation of 22.2% (total deviation of 38.3%) from the estimated value of RM100,000.
The reason for the deviation was due to the increased volume of business.
This announcement is dated 17 December 2010.
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: ANCOM BERHAD ("Ancom" or "Company")
Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT Mandate")
Contents: Further to the Company's announcements made on 15 October 2010 and 22 October 2010, Ancom wishes to announce that for the period from 27 November 2009 to 25 November 2010 (being the validity period of the RRPT Mandate), the actual transacted value for :
(1) the storage services provided by SinSenMoh Transportation Pte Ltd to Dynamic Chemical Trading Pte Ltd (a related party) was RM178,457, representing a further deviation of 22.1% (total deviation of 48.7%) from the estimated value of RM120,000 ; and
(2) the transportation services provided by Pengangkutan Cogent Sdn Bhd to Fermpro Sdn Bhd (a related party) was RM138,250, representing a further deviation of 22.2% (total deviation of 38.3%) from the estimated value of RM100,000.
The reason for the deviation was due to the increased volume of business.
This announcement is dated 17 December 2010.
NYLEX - General Announcement
Announcement Type: General Announcement
Company Name: NYLEX (MALAYSIA) BERHAD
Stock Name: NYLEX
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NYLEX (MALAYSIA) BERHAD ("Company")
Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT")
- Deviation between estimated and actual RRPT value
Contents: We refer to our circular issued on 4 November 2009, the shareholders' mandate for RRPT obtained on 26 November 2009 and our announcements made on 15 October 2010 and 22 October 2010 in relation to the deviation between the estimated and actual RRPT value.
For the period from 27 November 2009 to 24 November 2010 (date of the 40th Annual General Meeting of the Company), the actual storage rentals paid by Dynamic Chemical Trading Pte Ltd ("DYM") to Sinsenmoh Transportation Pte Ltd amounted to RM178,457, an increase of RM26,509 to the actual expenses incurred of RM151,948 disclosed in the announcement made on 22 October 2010. This represents a further deviation of 22.1% (total deviation of 48.7%) between the estimated amount of RM120,000 and actual RRPT value.
The deviation is due to increase in inventories kept in drums to meet export and local sales requirements of DYM.
This announcement is dated 17 December 2010.
Company Name: NYLEX (MALAYSIA) BERHAD
Stock Name: NYLEX
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NYLEX (MALAYSIA) BERHAD ("Company")
Shareholders' Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature ("RRPT")
- Deviation between estimated and actual RRPT value
Contents: We refer to our circular issued on 4 November 2009, the shareholders' mandate for RRPT obtained on 26 November 2009 and our announcements made on 15 October 2010 and 22 October 2010 in relation to the deviation between the estimated and actual RRPT value.
For the period from 27 November 2009 to 24 November 2010 (date of the 40th Annual General Meeting of the Company), the actual storage rentals paid by Dynamic Chemical Trading Pte Ltd ("DYM") to Sinsenmoh Transportation Pte Ltd amounted to RM178,457, an increase of RM26,509 to the actual expenses incurred of RM151,948 disclosed in the announcement made on 22 October 2010. This represents a further deviation of 22.1% (total deviation of 48.7%) between the estimated amount of RM120,000 and actual RRPT value.
The deviation is due to increase in inventories kept in drums to meet export and local sales requirements of DYM.
This announcement is dated 17 December 2010.
HARISON - General Announcement
Announcement Type: General Announcement
Company Name: HARRISONS HOLDINGS (MALAYSIA) BERHAD
Stock Name: HARISON
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
1) Court of Appeal Civil Appeal No.: W-02-541-2003
Harrisons Trading (Sabah) Sdn Bhd & Harrisons Trading (Sarawak) v
Zaitun Marketing Sdn Bhd
2) Court of Appeal Civil Appeal No.: W-02-510-2003
Kumpulan Jaya Pemasaran Sdn Bhd v Zaitun Marketing Sdn Bhd
3) Court of Appeal Civil Appeal No.: W-02-111-2006
Zaitun Marketing Sdn Bhd v Kumpulan Jaya Pemasaran Sdn Bhd, Harrisons Trading (Sabah) Sdn Bhd, Harrisons Trading (Sarawak) Sdn Bhd & Harrisons Trading (Peninsular) Sdn Bhd
Contents: Further to the announcement made on 9 December 2010, the Board of Directors wishes to announce that the above appeals are now fixed for hearing on 18 January 2011. The hearing date on 25 April 2011 has been vacated. This announcement is dated 17 December 2010.
Company Name: HARRISONS HOLDINGS (MALAYSIA) BERHAD
Stock Name: HARISON
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
1) Court of Appeal Civil Appeal No.: W-02-541-2003
Harrisons Trading (Sabah) Sdn Bhd & Harrisons Trading (Sarawak) v
Zaitun Marketing Sdn Bhd
2) Court of Appeal Civil Appeal No.: W-02-510-2003
Kumpulan Jaya Pemasaran Sdn Bhd v Zaitun Marketing Sdn Bhd
3) Court of Appeal Civil Appeal No.: W-02-111-2006
Zaitun Marketing Sdn Bhd v Kumpulan Jaya Pemasaran Sdn Bhd, Harrisons Trading (Sabah) Sdn Bhd, Harrisons Trading (Sarawak) Sdn Bhd & Harrisons Trading (Peninsular) Sdn Bhd
Contents: Further to the announcement made on 9 December 2010, the Board of Directors wishes to announce that the above appeals are now fixed for hearing on 18 January 2011. The hearing date on 25 April 2011 has been vacated. This announcement is dated 17 December 2010.
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