KARYON - General Announcement
Announcement Type: General Announcement
Company Name: KARYON INDUSTRIES BERHAD (ACE Market)
Stock Name: KARYON
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: KARYON INDUSTRIES BERHAD ("KIB")
- WRIT OF SUMMONS AND STATEMENT OF CLAIM BY HSING
LUNG SDN BHD, A WHOLLY OWNED SUBSIDIARY OF KIB
AGAINST MAHABUILDERS SDN BHD
Contents: We refer to our announcements made on 6 June 2008, 19 November 2009, 16 December 2009, 22 March 2010, 10 May 2010, 24 May 2010, 8 June 2010, 12 August 2010 and 29 October 2010.
KIB wishes to announce that the court has further adjourned the matter for case management to 16 February 2011.
Further development of the above matter will be announced on Bursa Malaysia Securities Berhad in due course.
This announcement is dated 14 December 2010.
Company Name: KARYON INDUSTRIES BERHAD (ACE Market)
Stock Name: KARYON
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: KARYON INDUSTRIES BERHAD ("KIB")
- WRIT OF SUMMONS AND STATEMENT OF CLAIM BY HSING
LUNG SDN BHD, A WHOLLY OWNED SUBSIDIARY OF KIB
AGAINST MAHABUILDERS SDN BHD
Contents: We refer to our announcements made on 6 June 2008, 19 November 2009, 16 December 2009, 22 March 2010, 10 May 2010, 24 May 2010, 8 June 2010, 12 August 2010 and 29 October 2010.
KIB wishes to announce that the court has further adjourned the matter for case management to 16 February 2011.
Further development of the above matter will be announced on Bursa Malaysia Securities Berhad in due course.
This announcement is dated 14 December 2010.
IMPRESS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: IMPRESSIVE EDGE GROUP BERHAD (ACE Market)
Stock Name: IMPRESS
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: IMPRESSIVE EDGE GROUP BERHAD ("IMPRESSIVE")
DELISTING OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF IMPRESSIVE FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD
Contents: On behalf of Impressive, HwangDBS Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 14 December 2010, informed that pursuant to Rule 16.07(b) of the ACE Market Listing Requirements, the entire issued and paid-up share capital of Impressive will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Friday, 17 December 2010.
This announcement is dated 14 December 2010.
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: IMPRESSIVE EDGE GROUP BERHAD (ACE Market)
Stock Name: IMPRESS
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: IMPRESSIVE EDGE GROUP BERHAD ("IMPRESSIVE")
DELISTING OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF IMPRESSIVE FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD
Contents: On behalf of Impressive, HwangDBS Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, via its letter dated 14 December 2010, informed that pursuant to Rule 16.07(b) of the ACE Market Listing Requirements, the entire issued and paid-up share capital of Impressive will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Friday, 17 December 2010.
This announcement is dated 14 December 2010.
EQUATOR - General Announcement
Announcement Type: General Announcement
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR THE "COMPANY")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF FREEHOLD AGRICULTURE LANDS BY EQUATOR BIOTECH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EQUATOR FOR A TOTAL CASH CONSIDERATION OF RM 1,898,812.50
Contents: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR THE "COMPANY")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF FREEHOLD AGRICULTURE LANDS BY EQUATOR BIOTECH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EQUATOR FOR A TOTAL CASH CONSIDERATION OF RM 1,898,812.50
Attachments: EQUATOR_ANNOUNCEMENT_DISPOSAL OF LANDS.pdf
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR THE "COMPANY")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF FREEHOLD AGRICULTURE LANDS BY EQUATOR BIOTECH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EQUATOR FOR A TOTAL CASH CONSIDERATION OF RM 1,898,812.50
Contents: EQUATOR LIFE SCIENCE BERHAD ("EQUATOR" OR THE "COMPANY")
PROPOSED DISPOSAL OF SEVEN (7) PIECES OF FREEHOLD AGRICULTURE LANDS BY EQUATOR BIOTECH SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EQUATOR FOR A TOTAL CASH CONSIDERATION OF RM 1,898,812.50
Attachments: EQUATOR_ANNOUNCEMENT_DISPOSAL OF LANDS.pdf
FOCUS - Dealings in Securities during Closed Period
Announcement Type: General Announcement
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities during Closed Period
Contents: Pursuant to Chapter 14 of the ACE Market Listing Requirements, Mr Wong Mun Leong, a Director of the Company's major subsidiary, has dealt in the securities of the Company as set out in Table 1 hereunder.
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities during Closed Period
Contents: Pursuant to Chapter 14 of the ACE Market Listing Requirements, Mr Wong Mun Leong, a Director of the Company's major subsidiary, has dealt in the securities of the Company as set out in Table 1 hereunder.
SANICHI - General Announcement
Announcement Type: General Announcement
Company Name: SANICHI TECHNOLOGY BERHAD (ACE Market)
Stock Name: SANICHI
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: SANICHI TECHNOLOGY BERHAD ("SANICHI" or "the Company")
Johor Bahru High Court Civil Suit No. NCvC No 22-79-2010
Plaintiff: EON Bank Berhad
Defendant(s) : 1. Asia Pinnacle Sdn Bhd
2. Sanichi Technology Berhad
Contents: We refer Sanichi's announcement dated 26 October 2010 in respect of the Default in Payment to EON Bank Berhad ("EON") made under Guidance Note 5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that Asia Pinnacle Sdn Bhd ("AP") and Sanichi have been served a Writ of Summons in respect thereof. Further information is as follows:
1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statement of Claim dated 30 November 2010 was served on AP and Sanichi on 14 December 2010.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the following:
The sum of RM4,080,167.80 as at 24 November 2010 in respect of default in payments under the following banking facilities granted by EON:
(i) Overdraft of RM500,000
(ii) Tradelines of RM3,500,000
(iii) Foreign Exchange Contract Line of RM300,000
The interest rate on the amount claimed is 3.5% per annum.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the default in payment of the Banking Facilities granted to AP.
4. The financial and operational impact of the Writ of Summons on the Group.
(a) In the event Sanichi loses the case, the financial impact from the expected losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on Sanichi Group.
5. The expected losses, if any, arising from the Writ of Summons.
The sum mentioned in Note 2 above alleged to be due together with interest and costs thereon.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Sanichi will seek necessary legal advice from its solicitors with regards to the claim. The matter is fixed for Case Management on 10 January 2011.
This announcement is dated 14 December 2010.
Company Name: SANICHI TECHNOLOGY BERHAD (ACE Market)
Stock Name: SANICHI
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: SANICHI TECHNOLOGY BERHAD ("SANICHI" or "the Company")
Johor Bahru High Court Civil Suit No. NCvC No 22-79-2010
Plaintiff: EON Bank Berhad
Defendant(s) : 1. Asia Pinnacle Sdn Bhd
2. Sanichi Technology Berhad
Contents: We refer Sanichi's announcement dated 26 October 2010 in respect of the Default in Payment to EON Bank Berhad ("EON") made under Guidance Note 5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that Asia Pinnacle Sdn Bhd ("AP") and Sanichi have been served a Writ of Summons in respect thereof. Further information is as follows:
1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statement of Claim dated 30 November 2010 was served on AP and Sanichi on 14 December 2010.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the following:
The sum of RM4,080,167.80 as at 24 November 2010 in respect of default in payments under the following banking facilities granted by EON:
(i) Overdraft of RM500,000
(ii) Tradelines of RM3,500,000
(iii) Foreign Exchange Contract Line of RM300,000
The interest rate on the amount claimed is 3.5% per annum.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the default in payment of the Banking Facilities granted to AP.
4. The financial and operational impact of the Writ of Summons on the Group.
(a) In the event Sanichi loses the case, the financial impact from the expected losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on Sanichi Group.
5. The expected losses, if any, arising from the Writ of Summons.
The sum mentioned in Note 2 above alleged to be due together with interest and costs thereon.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Sanichi will seek necessary legal advice from its solicitors with regards to the claim. The matter is fixed for Case Management on 10 January 2011.
This announcement is dated 14 December 2010.
SANICHI - General Announcement
Announcement Type: General Announcement
Company Name: SANICHI TECHNOLOGY BERHAD (ACE Market)
Stock Name: SANICHI
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: SANICHI TECHNOLOGY BERHAD ("SANICHI" or "the Company")
Johor Bahru High Court Civil Suit No. NCvC No 22-78-2010
Plaintiff: EON Bank Berhad
Defendant(s) : 1. Sanichi Precision Mould Sdn Bhd
2. Sanichi Technology Berhad
Contents: We refer Sanichi's announcement dated 26 October 2010 in respect of the Default in Payment to EON Bank Berhad ("EON") made under Guidance Note 5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that Sanichi Precision Mould Sdn Bhd ("SPM") and Sanichi have been served a Writ of Summons in respect thereof. Further information is as follows:
1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statement of Claim dated 30 November 2010 was served on SPM and Sanichi on 14 December 2010.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the following:
The sum of RM2,547,024.38 as at 24 November 2010 in respect of default in payments under the following banking facilities granted by EON:
(i) Overdraft of RM200,000
(ii) Tradelines of RM2,500,000
(iii) Foreign Exchange Contract Line of RM300,000
The interest rate on the amount claimed is 3.5% per annum.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the default in payment of the Banking Facilities granted to SPM.
4. The financial and operational impact of the Writ of Summons on the Group.
(a) In the event Sanichi loses the case, the financial impact from the expected losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on Sanichi Group.
5. The expected losses, if any, arising from the Writ of Summons.
The sum mentioned in Note 2 above alleged to be due together with interest and costs thereon.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Sanichi will seek necessary legal advice from its solicitors with regards to the claim. The matter is fixed for Case Management on 10 January 2011.
This announcement is dated 14 December 2010.
Company Name: SANICHI TECHNOLOGY BERHAD (ACE Market)
Stock Name: SANICHI
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: SANICHI TECHNOLOGY BERHAD ("SANICHI" or "the Company")
Johor Bahru High Court Civil Suit No. NCvC No 22-78-2010
Plaintiff: EON Bank Berhad
Defendant(s) : 1. Sanichi Precision Mould Sdn Bhd
2. Sanichi Technology Berhad
Contents: We refer Sanichi's announcement dated 26 October 2010 in respect of the Default in Payment to EON Bank Berhad ("EON") made under Guidance Note 5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that Sanichi Precision Mould Sdn Bhd ("SPM") and Sanichi have been served a Writ of Summons in respect thereof. Further information is as follows:
1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.
The Writ of Summons and Statement of Claim dated 30 November 2010 was served on SPM and Sanichi on 14 December 2010.
2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the following:
The sum of RM2,547,024.38 as at 24 November 2010 in respect of default in payments under the following banking facilities granted by EON:
(i) Overdraft of RM200,000
(ii) Tradelines of RM2,500,000
(iii) Foreign Exchange Contract Line of RM300,000
The interest rate on the amount claimed is 3.5% per annum.
3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.
The filing of the Writ of Summons is a result of the default in payment of the Banking Facilities granted to SPM.
4. The financial and operational impact of the Writ of Summons on the Group.
(a) In the event Sanichi loses the case, the financial impact from the expected losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on Sanichi Group.
5. The expected losses, if any, arising from the Writ of Summons.
The sum mentioned in Note 2 above alleged to be due together with interest and costs thereon.
6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.
Sanichi will seek necessary legal advice from its solicitors with regards to the claim. The matter is fixed for Case Management on 10 January 2011.
This announcement is dated 14 December 2010.
AMMB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: AMMB HOLDINGS BERHAD
Stock Name: AMMB
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: AMMB Holdings Berhad (the "Company" or "AHB")
- Notification By Principal Officer of Major Subsidiary of Dealing in Securities of the Company Pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: The Company wishes to notify Bursa Malaysia Securities Berhad that the Company has on 14 December 2010, received a notification pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements from Datuk Mohamed Azmi Bin Mahmood, a Principal Officer of a major subsidiary of the Company in relation to the disposal of shares in AHB, as follows:-
Submitting Merchant Bank: -
Company Name: AMMB HOLDINGS BERHAD
Stock Name: AMMB
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: AMMB Holdings Berhad (the "Company" or "AHB")
- Notification By Principal Officer of Major Subsidiary of Dealing in Securities of the Company Pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: The Company wishes to notify Bursa Malaysia Securities Berhad that the Company has on 14 December 2010, received a notification pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements from Datuk Mohamed Azmi Bin Mahmood, a Principal Officer of a major subsidiary of the Company in relation to the disposal of shares in AHB, as follows:-
MAYBANK - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: MALAYAN BANKING BERHAD
Stock Name: MAYBANK
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYAN BANKING BERHAD ("MAYBANK")
RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF MAYBANK TO REINVEST THEIR DIVIDEND IN NEW ORDINARY SHARE(S) OF RM1.00 EACH IN MAYBANK ("DIVIDEND REINVESTMENT PLAN")
Contents: (Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the information memorandum issued by Maybank dated 24 November 2010).
We refer to the announcements dated 4 November, 10 November 2010, 18 November 2010 and 24 November 2010 in relation to the Dividend Reinvestment Plan.
On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad is pleased to announce that based on the valid Dividend Reinvestment Forms ("DRF") received by Tricor Investor Services Sdn Bhd, the Registrar for the Dividend Reinvestment Plan ("Tricor") as at the Expiry Date, Maybank is required to issue 244,257,623 new Maybank Shares ("New Shares") pursuant to the Dividend Reinvestment Plan applied to the final dividend of Maybank for the financial year ended 30 June 2010. The New Shares represent approximately 88.59% of the 275,728,660 total number of new Maybank Shares that would have been issued pursuant to the Dividend Reinvestment Plan, had all the Entitled Shareholders elected to reinvest their respective Electable Portions into new Maybank Shares.
This announcement is dated 14 December 2010.
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: MALAYAN BANKING BERHAD
Stock Name: MAYBANK
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYAN BANKING BERHAD ("MAYBANK")
RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS SHAREHOLDERS OF MAYBANK TO REINVEST THEIR DIVIDEND IN NEW ORDINARY SHARE(S) OF RM1.00 EACH IN MAYBANK ("DIVIDEND REINVESTMENT PLAN")
Contents: (Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the information memorandum issued by Maybank dated 24 November 2010).
We refer to the announcements dated 4 November, 10 November 2010, 18 November 2010 and 24 November 2010 in relation to the Dividend Reinvestment Plan.
On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad is pleased to announce that based on the valid Dividend Reinvestment Forms ("DRF") received by Tricor Investor Services Sdn Bhd, the Registrar for the Dividend Reinvestment Plan ("Tricor") as at the Expiry Date, Maybank is required to issue 244,257,623 new Maybank Shares ("New Shares") pursuant to the Dividend Reinvestment Plan applied to the final dividend of Maybank for the financial year ended 30 June 2010. The New Shares represent approximately 88.59% of the 275,728,660 total number of new Maybank Shares that would have been issued pursuant to the Dividend Reinvestment Plan, had all the Entitled Shareholders elected to reinvest their respective Electable Portions into new Maybank Shares.
This announcement is dated 14 December 2010.
MRCB - General Announcement
Announcement Type: General Announcement
Company Name: MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name: MRCB
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" or "the Company")
- Writ of Summons and Statement of Claims Served to its wholly-owned subsidiary, Superview Development Sdn Bhd
Contents: Malaysian Resources Corporation Berhad wishes to announce that its wholly-owned subsidiary, Superview Development Sdn Bhd ("Superview") has been served with 2 Writ of Summons and Statement of Claim dated 9 December 2010 from Messrs Affendi Zahari, the Solicitors representing 3 plaintiffs which were affected by the landslide incident at Bukit Antarabangsa on 6 December 2008. The total claim amounts to RM3.99 million. The amount of claims does not have any material effect to the financial position and will not have any operational impact on MRCB Group.
Superview is disputing the claims and has instructed its solicitors to file its defence to the claims.
Further information is as follows:
1. The Summons were received by Superview on 13 December 2010;
2. The rate of interest claimed is not mentioned in the summons;
3. Superview is not a major subsidiary of the Company;
4. The total cost of investment in Superview is about RM36.6 million which have been fully provided for;
5. At this initial stage, the Company does not expect to incur any losses arising from the summons;
6. Hearing dates have been fixed 3 January 2011 and 11 January 2011 respectively. Superview has to file its appearance by 20 December 2010.
c.c. Securities Commission
Company Name: MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name: MRCB
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" or "the Company")
- Writ of Summons and Statement of Claims Served to its wholly-owned subsidiary, Superview Development Sdn Bhd
Contents: Malaysian Resources Corporation Berhad wishes to announce that its wholly-owned subsidiary, Superview Development Sdn Bhd ("Superview") has been served with 2 Writ of Summons and Statement of Claim dated 9 December 2010 from Messrs Affendi Zahari, the Solicitors representing 3 plaintiffs which were affected by the landslide incident at Bukit Antarabangsa on 6 December 2008. The total claim amounts to RM3.99 million. The amount of claims does not have any material effect to the financial position and will not have any operational impact on MRCB Group.
Superview is disputing the claims and has instructed its solicitors to file its defence to the claims.
Further information is as follows:
1. The Summons were received by Superview on 13 December 2010;
2. The rate of interest claimed is not mentioned in the summons;
3. Superview is not a major subsidiary of the Company;
4. The total cost of investment in Superview is about RM36.6 million which have been fully provided for;
5. At this initial stage, the Company does not expect to incur any losses arising from the summons;
6. Hearing dates have been fixed 3 January 2011 and 11 January 2011 respectively. Superview has to file its appearance by 20 December 2010.
c.c. Securities Commission
LIONDIV - Dissolution of Subsidiaries
Announcement Type: General Announcement
Company Name: LION DIVERSIFIED HOLDINGS BERHAD
Stock Name: LIONDIV
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: Dissolution of Subsidiaries
Contents: The Board of Directors of Lion Diversified Holdings Berhad ("LDHB" or the "Company") hereby announce that the Company was notified on 13 December 2010 that Pavlova Investment Pte Ltd, Gemmo Pte Ltd and Gesto Pte Ltd, all dormant wholly-owned subsidiaries of the Company incorporated in Singapore (collectively referred to as the "Subsidiaries"), had on their own applications, been struck off the Register of Companies, Singapore and dissolved on 8 December 2010.
The dissolution of the Subsidiaries does not have any material impact on the earnings and net assets of the LDHB Group.
Company Name: LION DIVERSIFIED HOLDINGS BERHAD
Stock Name: LIONDIV
Date Announced: 14/12/2010
Announcement Detail:
Type: Announcement
Subject: Dissolution of Subsidiaries
Contents: The Board of Directors of Lion Diversified Holdings Berhad ("LDHB" or the "Company") hereby announce that the Company was notified on 13 December 2010 that Pavlova Investment Pte Ltd, Gemmo Pte Ltd and Gesto Pte Ltd, all dormant wholly-owned subsidiaries of the Company incorporated in Singapore (collectively referred to as the "Subsidiaries"), had on their own applications, been struck off the Register of Companies, Singapore and dissolved on 8 December 2010.
The dissolution of the Subsidiaries does not have any material impact on the earnings and net assets of the LDHB Group.
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