IPOWER - EIGHTH (8TH) ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: EIGHTH (8TH) ANNUAL GENERAL MEETING
Contents: The Board of Directors of I-Power Berhad ("IPOWER") wishes to announce that except for Resolution No. 4, all the other resolutions as per the Notice of Eighth Annual General Meeting ("8th AGM") of IPOWER dated 25 November 2010 were duly passed at the 8th AGM held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur held on Friday, 17 December 2010.
The resolution No. 4 pertaining the re-election of Mr. Koay Ben Ree ("Mr. Koay") as director was not tabled for voting to the shareholders because Mr. Koay Ben Ree has informed the Chairman that he does not wish to seek re-election as Director of IPOWER and therefore, ceased to be a Director of IPOWER with effect from the conclusion of the 8th AGM held on 17 December 2010.
This announcement is dated 17 December 2010.
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: EIGHTH (8TH) ANNUAL GENERAL MEETING
Contents: The Board of Directors of I-Power Berhad ("IPOWER") wishes to announce that except for Resolution No. 4, all the other resolutions as per the Notice of Eighth Annual General Meeting ("8th AGM") of IPOWER dated 25 November 2010 were duly passed at the 8th AGM held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur held on Friday, 17 December 2010.
The resolution No. 4 pertaining the re-election of Mr. Koay Ben Ree ("Mr. Koay") as director was not tabled for voting to the shareholders because Mr. Koay Ben Ree has informed the Chairman that he does not wish to seek re-election as Director of IPOWER and therefore, ceased to be a Director of IPOWER with effect from the conclusion of the 8th AGM held on 17 December 2010.
This announcement is dated 17 December 2010.
IPOWER - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Others
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: KOAY BEN REE
Age: 39
Nationality: MALAYSIAN
Qualifications: Mr. Koay Ben Ree graduated from Universiti of Malaya with LLB (Honours) in 1995. He gained admission as an Advocate & Solicitor to the High Court of Malaya in 1996. He later obtained his postgraduate qualification, LLM from University of Warwick in 1997.
Working experience and occupation: Mr. Koay Ben Ree worked in various legal firms including Herbert Smith in London before joining Messrs. Zul Rafique & Partners and he was made a Partner in August 2004. In 2007, he opened his own legal practice - Messrs. Ben & Partners.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Did not seek re-election as Director of I-Power Berhad during the 8th AGM held on the 17 December 2010 in accordance with Article 116 of the Company's Articles of Association.
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Others
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: KOAY BEN REE
Age: 39
Nationality: MALAYSIAN
Qualifications: Mr. Koay Ben Ree graduated from Universiti of Malaya with LLB (Honours) in 1995. He gained admission as an Advocate & Solicitor to the High Court of Malaya in 1996. He later obtained his postgraduate qualification, LLM from University of Warwick in 1997.
Working experience and occupation: Mr. Koay Ben Ree worked in various legal firms including Herbert Smith in London before joining Messrs. Zul Rafique & Partners and he was made a Partner in August 2004. In 2007, he opened his own legal practice - Messrs. Ben & Partners.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Did not seek re-election as Director of I-Power Berhad during the 8th AGM held on the 17 December 2010 in accordance with Article 116 of the Company's Articles of Association.
IPOWER - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Others
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: KOAY BEN REE
Age: 39
Nationality: MALAYSIAN
Qualifications: Mr. Koay Ben Ree graduated from Universiti of Malaya with LLB (Honours) in 1995. He gained admission as an Advocate & Solicitor to the High Court of Malaya in 1996. He later obtained his postgraduate qualification, LLM from University of Warwick in 1997.
Working experience and occupation: Mr. Koay Ben Ree worked in various legal firms including Herbert Smith in London before joining Messrs. Zul Rafique & Partners and he was made a Partner in August 2004. In 2007, he opened his own legal practice - Messrs. Ben & Partners.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): 1) Tan Sri Dato' Wan Sidek Bin Hj Wan Abd Rahman (Independent Non-Executive Chairman)
2) Leou Thiam Lai (Independent Non-Executive Director)
Remarks: Mr. Koay Ben Ree ceased to be a member of the Audit Committee by virtue of him not seeking re-election as Director in accordance with Article 116 of the Company's Articles of Association and on the conclusion of the 8th AGM held on 17 December 2010, he ceased to be a member of the Board of Directors of I-Power Berhad.
Company Name: I-POWER BERHAD (ACE Market)
Stock Name: IPOWER
Date Announced: 17/12/2010
Announcement Detail:
Date of change: 17/12/2010
Type of change: Others
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: KOAY BEN REE
Age: 39
Nationality: MALAYSIAN
Qualifications: Mr. Koay Ben Ree graduated from Universiti of Malaya with LLB (Honours) in 1995. He gained admission as an Advocate & Solicitor to the High Court of Malaya in 1996. He later obtained his postgraduate qualification, LLM from University of Warwick in 1997.
Working experience and occupation: Mr. Koay Ben Ree worked in various legal firms including Herbert Smith in London before joining Messrs. Zul Rafique & Partners and he was made a Partner in August 2004. In 2007, he opened his own legal practice - Messrs. Ben & Partners.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): 1) Tan Sri Dato' Wan Sidek Bin Hj Wan Abd Rahman (Independent Non-Executive Chairman)
2) Leou Thiam Lai (Independent Non-Executive Director)
Remarks: Mr. Koay Ben Ree ceased to be a member of the Audit Committee by virtue of him not seeking re-election as Director in accordance with Article 116 of the Company's Articles of Association and on the conclusion of the 8th AGM held on 17 December 2010, he ceased to be a member of the Board of Directors of I-Power Berhad.
MYETFDJ - QUARTERLY REVIEW OF BENCHMARK INDEX
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY REVIEW OF BENCHMARK INDEX
Contents: i-VCAP Management Sdn. Bhd., the Manager of MyETF Dow Jones Islamic Market Malaysia Titans 25 ("MYETFDJ"), has been informed by Dow Jones Indexes ("Dow Jones") that effective after the close of trading on 17 December 2010, changes arising from the quarterly review by Dow Jones on the Dow Jones Islamic Market Malaysia Titans 25 Index, which is the Benchmark Index for MYETFDJ, will be implemented. As a result of the review, one stock will be added to and one stock will be removed from the Benchmark Index, while the weightings of the remaining stocks in the Benchmark Index will be changed. A summary of the changes is attached for information only.
This announcement is dated 17 December 2010.
Attachments: Index Summary Changes 17December10.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY REVIEW OF BENCHMARK INDEX
Contents: i-VCAP Management Sdn. Bhd., the Manager of MyETF Dow Jones Islamic Market Malaysia Titans 25 ("MYETFDJ"), has been informed by Dow Jones Indexes ("Dow Jones") that effective after the close of trading on 17 December 2010, changes arising from the quarterly review by Dow Jones on the Dow Jones Islamic Market Malaysia Titans 25 Index, which is the Benchmark Index for MYETFDJ, will be implemented. As a result of the review, one stock will be added to and one stock will be removed from the Benchmark Index, while the weightings of the remaining stocks in the Benchmark Index will be changed. A summary of the changes is attached for information only.
This announcement is dated 17 December 2010.
Attachments: Index Summary Changes 17December10.pdf
AIRPORT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY")
PROPOSED OFFERING OF ISLAMIC COMMERCIAL PAPERS ("ICP") AND ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN ISLAMIC COMMERCIAL PAPER PROGRAMME ("ICP PROGRAMME") AND AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("IMTN PROGRAMME"), RESPECTIVELY WITH A COMBINED AGGREGATE NOMINAL VALUE OF UP TO RM3.1 BILLION (WITH A SUB-LIMIT OF RM1.0 BILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) BY MALAYSIA AIRPORTS CAPITAL BERHAD ("MACB"), A WHOLLY-OWNED SUBSIDIARY OF MAHB ("PROPOSAL")
Contents: We refer to the announcements made on 5 August 2010, 19 August 2010, 30 August 2010 and 19 November 2010 in relation to the Proposal. Unless the context otherwise requires, all expressions and definitions used herein shall have the same meanings assigned thereto in the aforesaid announcements.
On behalf of the Company, CIMB Investment Bank Berhad is pleased to announce that MACB has today successfully completed the issuance of the second tranche comprising RM1.5 billion nominal value IMTNs pursuant to the IMTN Programme. The IMTNs issued under the second tranche have a tenure of twelve (12) years from the date of issuance with a periodic distribution (coupon) rate of 4.68% per annum.
This announcement is dated 17 December 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY")
PROPOSED OFFERING OF ISLAMIC COMMERCIAL PAPERS ("ICP") AND ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN ISLAMIC COMMERCIAL PAPER PROGRAMME ("ICP PROGRAMME") AND AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("IMTN PROGRAMME"), RESPECTIVELY WITH A COMBINED AGGREGATE NOMINAL VALUE OF UP TO RM3.1 BILLION (WITH A SUB-LIMIT OF RM1.0 BILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) BY MALAYSIA AIRPORTS CAPITAL BERHAD ("MACB"), A WHOLLY-OWNED SUBSIDIARY OF MAHB ("PROPOSAL")
Contents: We refer to the announcements made on 5 August 2010, 19 August 2010, 30 August 2010 and 19 November 2010 in relation to the Proposal. Unless the context otherwise requires, all expressions and definitions used herein shall have the same meanings assigned thereto in the aforesaid announcements.
On behalf of the Company, CIMB Investment Bank Berhad is pleased to announce that MACB has today successfully completed the issuance of the second tranche comprising RM1.5 billion nominal value IMTNs pursuant to the IMTN Programme. The IMTNs issued under the second tranche have a tenure of twelve (12) years from the date of issuance with a periodic distribution (coupon) rate of 4.68% per annum.
This announcement is dated 17 December 2010.
CYPARK - General Announcement
Announcement Type: General Announcement
Company Name: CYPARK RESOURCES BERHAD
Stock Name: CYPARK
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Cypark Resources Berhad ("Cypark") - Letter of Award for the Proposed Construction and Completion of the Rectification and Desilting Works for Main Drain Lines at Precinct 5 and Precinct 18, Putrajaya
Contents: The Board of Directors of Cypark is pleased to announce that Cypark had on 17 December 2010, accepted the Letter of Award from Putrajaya Holdings Sdn. Bhd. (hereinafter referred to as "the Employer") for the contract for "The Proposed Construction and Completion of the Rectification and Desilting Works for Main Drain Lines at Precinct 5 and Precinct 18, Putrajaya" (hereinafter referred to as "the Works") for a sum of Ringgit Malaysia: Four Million Three Hundred Seventy Eight Thousand Sixty Three and Sen Twenty Only (RM4,378,063.20) (hereinafter referred as "the Contract Sum") based on the terms and conditions of the Letter of Award dated 13 December 2010.
Further details pertaining to the Works are in the Announcement Details.
This announcement is dated 17 December 2010.
Company Name: CYPARK RESOURCES BERHAD
Stock Name: CYPARK
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Cypark Resources Berhad ("Cypark") - Letter of Award for the Proposed Construction and Completion of the Rectification and Desilting Works for Main Drain Lines at Precinct 5 and Precinct 18, Putrajaya
Contents: The Board of Directors of Cypark is pleased to announce that Cypark had on 17 December 2010, accepted the Letter of Award from Putrajaya Holdings Sdn. Bhd. (hereinafter referred to as "the Employer") for the contract for "The Proposed Construction and Completion of the Rectification and Desilting Works for Main Drain Lines at Precinct 5 and Precinct 18, Putrajaya" (hereinafter referred to as "the Works") for a sum of Ringgit Malaysia: Four Million Three Hundred Seventy Eight Thousand Sixty Three and Sen Twenty Only (RM4,378,063.20) (hereinafter referred as "the Contract Sum") based on the terms and conditions of the Letter of Award dated 13 December 2010.
Further details pertaining to the Works are in the Announcement Details.
This announcement is dated 17 December 2010.
UBG - General Announcement
Announcement Type: General Announcement
Company Name: UBG BERHAD
Stock Name: UBG
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: UBG BERHAD ("UBG" OR "THE COMPANY" OR "THE OFFEREE")
UNCONDITIONAL TAKE-OVER OFFER BY JAVACE SDN BHD ("JSB" OR "OFFEROR") AND SHEIKH TAREK ESSAM AHMAD OBAID (THE "ULTIMATE OFFEROR") THROUGH AMINVESTMENT BANK BERHAD TO ACQUIRE ALL OF THE ORDINARY SHARES OF RM0.25 EACH IN UBG NOT ALREADY HELD BY JSB AND PERSONS ACTING IN CONCERT WITH IT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.50 PER OFFER SHARE ("OFFER PRICE") ("OFFER")
- Level of acceptances on the final closing date of the Offer
Contents: We refer to our earlier announcements dated 29 September, 6 October, 7 October, 13 October, 20 October, 25 October, 1 November, 8 November, 10 November, 22 November and 24 November 2010 in relation to the Offer.
We wish to announce that UBG has today received the attached Press Notice from AmInvestment Bank Berhad on behalf of the Offeror in relation to the detailed disclosure of the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the final closing date, 17 December 2010, in accordance with the requirement of Section 25(1) of the Malaysian Code on Take-overs and Mergers 1998.
This announcement is dated 17 December 2010.
Attachments: Press Release - 17 Dec 2010.pdf
Company Name: UBG BERHAD
Stock Name: UBG
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: UBG BERHAD ("UBG" OR "THE COMPANY" OR "THE OFFEREE")
UNCONDITIONAL TAKE-OVER OFFER BY JAVACE SDN BHD ("JSB" OR "OFFEROR") AND SHEIKH TAREK ESSAM AHMAD OBAID (THE "ULTIMATE OFFEROR") THROUGH AMINVESTMENT BANK BERHAD TO ACQUIRE ALL OF THE ORDINARY SHARES OF RM0.25 EACH IN UBG NOT ALREADY HELD BY JSB AND PERSONS ACTING IN CONCERT WITH IT ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.50 PER OFFER SHARE ("OFFER PRICE") ("OFFER")
- Level of acceptances on the final closing date of the Offer
Contents: We refer to our earlier announcements dated 29 September, 6 October, 7 October, 13 October, 20 October, 25 October, 1 November, 8 November, 10 November, 22 November and 24 November 2010 in relation to the Offer.
We wish to announce that UBG has today received the attached Press Notice from AmInvestment Bank Berhad on behalf of the Offeror in relation to the detailed disclosure of the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the final closing date, 17 December 2010, in accordance with the requirement of Section 25(1) of the Malaysian Code on Take-overs and Mergers 1998.
This announcement is dated 17 December 2010.
Attachments: Press Release - 17 Dec 2010.pdf
SYF - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: SYF RESOURCES BERHAD ("SYF" or "Company")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED AMENDMENT;
(III) PROPOSED DEBT RESTRUCTURING; AND
(IV) PROPOSED RIGHTS ISSUE
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcement made by SYF dated 27 May 2010 pertaining to the Company's position in accordance with Practice Note 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities").
On behalf of the Board of Directors of SYF ("Board"), Public Investment Bank Berhad ("PIVB") wishes to announce that SYF is proposing to undertake the following:
(i) proposed capital reduction of its issued and paid-up share capital involving the cancellation of RM0.75 of the par value of each existing ordinary share of RM1.00 each in SYF ("Proposed Capital Reduction");
(ii) proposed amendment to the Memorandum of Association of SYF ("Proposed Amendment");
(iii) proposed settlement of debt owing to various financial institutions ("Proposed Debt Restructuring");
(iv) proposed renounceable rights issue of up to 121,640,303 new ordinary shares of RM0.25 each in SYF ("Rights Shares") at an issue price of RM0.25 per Rights Share on the basis of one (1) Rights Share for every one (1) ordinary share of RM0.25 each in SYF held after the Proposed Capital Reduction on an entitlement date to be determined later ("Proposed Rights Issue").
(Collectively hereinafter referred to as the "Proposals").
Please refer to the attachments below for the full text of the announcement pertaining to the Proposals.
This announcement is dated 17 December 2010.
Attachments: SYF - Tables (Final) 17.12.10.doc
SYF - Announcement & Appendix (Final) 17.12.10.doc
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: SYF RESOURCES BERHAD ("SYF" or "Company")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED AMENDMENT;
(III) PROPOSED DEBT RESTRUCTURING; AND
(IV) PROPOSED RIGHTS ISSUE
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcement made by SYF dated 27 May 2010 pertaining to the Company's position in accordance with Practice Note 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities").
On behalf of the Board of Directors of SYF ("Board"), Public Investment Bank Berhad ("PIVB") wishes to announce that SYF is proposing to undertake the following:
(i) proposed capital reduction of its issued and paid-up share capital involving the cancellation of RM0.75 of the par value of each existing ordinary share of RM1.00 each in SYF ("Proposed Capital Reduction");
(ii) proposed amendment to the Memorandum of Association of SYF ("Proposed Amendment");
(iii) proposed settlement of debt owing to various financial institutions ("Proposed Debt Restructuring");
(iv) proposed renounceable rights issue of up to 121,640,303 new ordinary shares of RM0.25 each in SYF ("Rights Shares") at an issue price of RM0.25 per Rights Share on the basis of one (1) Rights Share for every one (1) ordinary share of RM0.25 each in SYF held after the Proposed Capital Reduction on an entitlement date to be determined later ("Proposed Rights Issue").
(Collectively hereinafter referred to as the "Proposals").
Please refer to the attachments below for the full text of the announcement pertaining to the Proposals.
This announcement is dated 17 December 2010.
Attachments: SYF - Tables (Final) 17.12.10.doc
SYF - Announcement & Appendix (Final) 17.12.10.doc
UKB - General Announcement
Announcement Type: General Announcement
Company Name: UNITED KOTAK BERHAD
Stock Name: UKB
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: CONDITIONAL TAKE-OVER OFFER BY OJI PAPER ASIA SDN BHD ("OPA") TO ACQUIRE ALL THE VOLTING SHARES OF RM1.00 EACH IN UNITED KOTAK BERHAD ("UKB") ("OFFER SHARES") AT A CASH OFFER PRICE OF RM1.40 FOR EACH OFFER SHARE ("OFFER")
Contents: Enclosed the press notice dated 17 December 2010 by CIMB Investment Bank Berhad on behalf of OPA in relation to the Offer.
This announcement is dated 17 December 2010.
Attachments: PR-Unconditional.pdf
Company Name: UNITED KOTAK BERHAD
Stock Name: UKB
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: CONDITIONAL TAKE-OVER OFFER BY OJI PAPER ASIA SDN BHD ("OPA") TO ACQUIRE ALL THE VOLTING SHARES OF RM1.00 EACH IN UNITED KOTAK BERHAD ("UKB") ("OFFER SHARES") AT A CASH OFFER PRICE OF RM1.40 FOR EACH OFFER SHARE ("OFFER")
Contents: Enclosed the press notice dated 17 December 2010 by CIMB Investment Bank Berhad on behalf of OPA in relation to the Offer.
This announcement is dated 17 December 2010.
Attachments: PR-Unconditional.pdf
SATANG - Satang Holdings Berhad ("Satang" or "the Company") - Advances from Pascal Resources Sdn Bhd
Announcement Type: General Announcement
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 17/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-101216-42706
Subject: Satang Holdings Berhad ("Satang" or "the Company")
- Advances from Pascal Resources Sdn Bhd
Contents: Reference is made to the Company's announcement dated 15 December 2010.
The Board of Directors of the Company wishes to further announce that: -
1. There was an advance from Pascal Resources Sdn Bhd ("Pascal") amounting to RM1,300,000.00 ("Cash Advancement") which had been unintentionally omitted/overlooked from the announcement.
2. Satang received the Cash Advancement on 31 December 2009 for the purpose of working capital.
3. The Cash Advancement was made by Pascal on the condition that repayment should be made within one (1)year from 31 December 2009. It was also agreed that no interest shall be payable on the sum advanced.
4. The settlement was made as a partial settlement of the advance of RM1.3 million. The remaining sum of RM300,000.00 will be settled at a date to be mutually agreed later.
5. The repayment have no significant impact on Satang's earnings per shares and net assets per shares. The repayment also does not impact on the Company's day to day operation or its gearing, save for the reduction in the Company's debts by RM1.0 million.
6.The repayment should have no impact on the progress of Investigation Audit.
This announcement is dated 17 December 2010.
Query Letter content: We refer to your announcement dated 15 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:-
1. The clarification on the discrepancy in the cash advancement amount, between
the two announcements dated 6 November 2009 and 15 December 2010.
2. The date on which the cash advancement was provided to Satang Holdings
Berhad ("Satang") and its purpose.
3. The salient terms and conditions of cash advancement, in particular, the
repayment term.
4. The salient terms and conditions of the settlement.
5. The impact of the repayment on Satang, i.e. earnings per share, net assets
per share, gearing and the day-to-day operations.
6. The impact of the repayment on the progress of the Investigative Audit.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/YLS
c.c.Head, Market Surveillance Department, Securities Commission (via fax)
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 17/12/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: YL-101216-42706
Subject: Satang Holdings Berhad ("Satang" or "the Company")
- Advances from Pascal Resources Sdn Bhd
Contents: Reference is made to the Company's announcement dated 15 December 2010.
The Board of Directors of the Company wishes to further announce that: -
1. There was an advance from Pascal Resources Sdn Bhd ("Pascal") amounting to RM1,300,000.00 ("Cash Advancement") which had been unintentionally omitted/overlooked from the announcement.
2. Satang received the Cash Advancement on 31 December 2009 for the purpose of working capital.
3. The Cash Advancement was made by Pascal on the condition that repayment should be made within one (1)year from 31 December 2009. It was also agreed that no interest shall be payable on the sum advanced.
4. The settlement was made as a partial settlement of the advance of RM1.3 million. The remaining sum of RM300,000.00 will be settled at a date to be mutually agreed later.
5. The repayment have no significant impact on Satang's earnings per shares and net assets per shares. The repayment also does not impact on the Company's day to day operation or its gearing, save for the reduction in the Company's debts by RM1.0 million.
6.The repayment should have no impact on the progress of Investigation Audit.
This announcement is dated 17 December 2010.
Query Letter content: We refer to your announcement dated 15 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:-
1. The clarification on the discrepancy in the cash advancement amount, between
the two announcements dated 6 November 2009 and 15 December 2010.
2. The date on which the cash advancement was provided to Satang Holdings
Berhad ("Satang") and its purpose.
3. The salient terms and conditions of cash advancement, in particular, the
repayment term.
4. The salient terms and conditions of the settlement.
5. The impact of the repayment on Satang, i.e. earnings per share, net assets
per share, gearing and the day-to-day operations.
6. The impact of the repayment on the progress of the Investigative Audit.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation
KKK/YLS
c.c.Head, Market Surveillance Department, Securities Commission (via fax)
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