KENMARK - General Announcement
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Bhd (In Liquidation)
("the Company")
-Winding-up Petition on Kenmark Paper Sdn Bhd (Under Receivership) ("Kenmark Paper"), a wholly owned subsidiary of the Company.
Contents: Mak Kum Choon and Yeoh Siew Ming ("the Petitioners"), the Joint and Several Liquidators of the Company have filed in a petition to the Court for the winding up of Kenmark Paper (Under Receivership) pursuant to Section 217 ( c ) and ( d ) and Section 218 ( e ) and ( i ) of the Companies Act, 1965.
The Company had regarded that Kenmark Paper is not financially solvent as a going concern. Currently Kenmark Paper was placed under receivership on June 11, 2010 by EON Bank pursuant to the powers contained in a debenture dated November 18, 1991 created by Kenmark Paper in favour of EON Bank in respect of banking facilities up to a combined limit of Ringgit Malaysia Eleven Million (RM11,000,000). As at May 27, 2010 , Kenmark Paper was indebted to EON Bank in the sum of RM7,668,375.41.
Under the existing circumstances, it is just and equitable that Kenmark Paper should be wound up. In furtherance thereto, it would be appropriate to apply to the Court to appoint the Petitioners as Joint and Several Liquidators to deal with the assets of Kenmark Paper for the following reasons:-
i. Kenmark Paper is a wholly owned subsidiary of the Company and the Petitioners are currently the Joint and Several Liquidators of the Company appointed by the court on October 14, 2010.
ii. The Company is a public listed company and the Joint Several Liquidators are responsible to deal with its wholly owned subsidiary companies as per the Court Order dated October 14, 2010.
iii. It would be costs efficient to also appoint the Petitioners as the Joint and Several Liquidators of Kenmark Paper as the Joint and Several Liquidators would have to wind down the business of the Kenmark Paper once the assets are fully realized.
iv. The Receiver and Manager only protects the interest of the Debenture Holder whilst the Joint and Several Liquidators looks after all the interest of the creditors and contributories.
v. The appointment of the Joint and Several Liquidators in Kenmark Paper will not prejudice the receivers and managers and/or debenture holders in any manner whatsoever.
Based on the Kenmark Paper's audited financial statement for the year ended March 31, 2009 the Company holds Six Million (6,000,000) Ordinary Shares issued and fully paid-up of RM1 each in Kenmark Paper.
Kenmark Paper is currently dormant and the Company is unable to assess the expected losses, if any, arising from the winding-up proceedings.
The announcement is dated 17 December 2010.
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Bhd (In Liquidation)
("the Company")
-Winding-up Petition on Kenmark Paper Sdn Bhd (Under Receivership) ("Kenmark Paper"), a wholly owned subsidiary of the Company.
Contents: Mak Kum Choon and Yeoh Siew Ming ("the Petitioners"), the Joint and Several Liquidators of the Company have filed in a petition to the Court for the winding up of Kenmark Paper (Under Receivership) pursuant to Section 217 ( c ) and ( d ) and Section 218 ( e ) and ( i ) of the Companies Act, 1965.
The Company had regarded that Kenmark Paper is not financially solvent as a going concern. Currently Kenmark Paper was placed under receivership on June 11, 2010 by EON Bank pursuant to the powers contained in a debenture dated November 18, 1991 created by Kenmark Paper in favour of EON Bank in respect of banking facilities up to a combined limit of Ringgit Malaysia Eleven Million (RM11,000,000). As at May 27, 2010 , Kenmark Paper was indebted to EON Bank in the sum of RM7,668,375.41.
Under the existing circumstances, it is just and equitable that Kenmark Paper should be wound up. In furtherance thereto, it would be appropriate to apply to the Court to appoint the Petitioners as Joint and Several Liquidators to deal with the assets of Kenmark Paper for the following reasons:-
i. Kenmark Paper is a wholly owned subsidiary of the Company and the Petitioners are currently the Joint and Several Liquidators of the Company appointed by the court on October 14, 2010.
ii. The Company is a public listed company and the Joint Several Liquidators are responsible to deal with its wholly owned subsidiary companies as per the Court Order dated October 14, 2010.
iii. It would be costs efficient to also appoint the Petitioners as the Joint and Several Liquidators of Kenmark Paper as the Joint and Several Liquidators would have to wind down the business of the Kenmark Paper once the assets are fully realized.
iv. The Receiver and Manager only protects the interest of the Debenture Holder whilst the Joint and Several Liquidators looks after all the interest of the creditors and contributories.
v. The appointment of the Joint and Several Liquidators in Kenmark Paper will not prejudice the receivers and managers and/or debenture holders in any manner whatsoever.
Based on the Kenmark Paper's audited financial statement for the year ended March 31, 2009 the Company holds Six Million (6,000,000) Ordinary Shares issued and fully paid-up of RM1 each in Kenmark Paper.
Kenmark Paper is currently dormant and the Company is unable to assess the expected losses, if any, arising from the winding-up proceedings.
The announcement is dated 17 December 2010.
EUROSP - NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANIES IN THE SHARES OF HOLDING COMPANY
Announcement Type: General Announcement
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANIES IN THE SHARES OF HOLDING COMPANY
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Director of subsidiary companies in the shares of the Company received by the Company.
Company Name: EUROSPAN HOLDINGS BERHAD
Stock Name: EUROSP
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION OF DEALINGS BY DIRECTOR OF SUBSIDIARY COMPANIES IN THE SHARES OF HOLDING COMPANY
Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad, Eurospan Holdings Berhad ("the Company") hereby notifies Bursa Malaysia Securities Berhad of the following dealings by a Director of subsidiary companies in the shares of the Company received by the Company.
LIPO - Eleventh (11th) Annual General Meeting
Announcement Type: General Announcement
Company Name: LIPO CORPORATION BERHAD
Stock Name: LIPO
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Eleventh (11th) Annual General Meeting
Contents: The Board of Directors of Lipo Corporation Berhad is glad to announce that all the resolutions as stated in the Notice of the Eleventh (11th) Annual General Meeting ("11th AGM") of the Company dated 25 November 2010, have been approved by the members at the 11th AGM held on 17 December 2010.
This announcement is dated 17 December 2010.
Company Name: LIPO CORPORATION BERHAD
Stock Name: LIPO
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Eleventh (11th) Annual General Meeting
Contents: The Board of Directors of Lipo Corporation Berhad is glad to announce that all the resolutions as stated in the Notice of the Eleventh (11th) Annual General Meeting ("11th AGM") of the Company dated 25 November 2010, have been approved by the members at the 11th AGM held on 17 December 2010.
This announcement is dated 17 December 2010.
HEXAGON - General Announcement
Announcement Type: General Announcement
Company Name: HEXAGON HOLDINGS BHD
Stock Name: HEXAGON
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Letter of Award for the Supply, Delivery and Installation of Signage from Africa-Based Energy Company
Contents: In relation to the announcement dated 16 December 2010, the management is not aware of any significant risk associated to the contract other than normal operational risk."
Company Name: HEXAGON HOLDINGS BHD
Stock Name: HEXAGON
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Letter of Award for the Supply, Delivery and Installation of Signage from Africa-Based Energy Company
Contents: In relation to the announcement dated 16 December 2010, the management is not aware of any significant risk associated to the contract other than normal operational risk."
POLY - Dealings by Directors outside closed period
Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Directors outside closed period
Contents: Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), the following Director of POLY GLASS FIBRE (M) BHD has transacted in securities of the Company with details as follows: -
Name of Director: Fong Wah Kai
Date of Transaction: 15 - 16 December 2010
Nature: Indirect
Amount of Securities acquired (indirect): 39,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.02%
Total no. of Securities (%) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 74,943,400 (46.85%)
Transacted price: RM0.355 per ordinary share
Dated this 17th day of December 2010
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 17/12/2010
Announcement Detail:
Type: Announcement
Subject: Dealings by Directors outside closed period
Contents: Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), the following Director of POLY GLASS FIBRE (M) BHD has transacted in securities of the Company with details as follows: -
Name of Director: Fong Wah Kai
Date of Transaction: 15 - 16 December 2010
Nature: Indirect
Amount of Securities acquired (indirect): 39,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.02%
Total no. of Securities (%) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 74,943,400 (46.85%)
Transacted price: RM0.355 per ordinary share
Dated this 17th day of December 2010
GFB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary Shares of RM1 Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,000
Minimum price paid for each share purchased ($$): 1.370
Maximum price paid for each share purchased ($$): 1.390
Total consideration paid ($$): 22,272.30
Number of shares purchased retained in treasury (units): 16,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,020,600
Adjusted issued capital after cancellation (no. of shares) (units): 56,616,106
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.57
Remarks: Total consideration paid for shares purchased is inclusive of brokerage, clearing house fee and stamp duty.
This announcement is dated 17/12/2010.
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary Shares of RM1 Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 16,000
Minimum price paid for each share purchased ($$): 1.370
Maximum price paid for each share purchased ($$): 1.390
Total consideration paid ($$): 22,272.30
Number of shares purchased retained in treasury (units): 16,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,020,600
Adjusted issued capital after cancellation (no. of shares) (units): 56,616,106
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.57
Remarks: Total consideration paid for shares purchased is inclusive of brokerage, clearing house fee and stamp duty.
This announcement is dated 17/12/2010.
AIRB - Listing Circular
Announcement Type: Listing Circular
Company Name: ALIRAN IHSAN RESOURCES BERHAD
Stock Name: AIRB
Date Announced: 17/12/2010
Announcement Detail:
Subject: AIRB-CONVERSION OF 18,000 NOMINAL AMOUNT OF FIVE PER CENT (5%) 7 YEAR REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2004/2011 INTO 18,000 ORDINARY SHARES ("CONVERSION")
Contents: Kindly be advised that the abovementioned Company's additional 18,000 new ordinary shares of RM1.00 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 21 December 2010.
Company Name: ALIRAN IHSAN RESOURCES BERHAD
Stock Name: AIRB
Date Announced: 17/12/2010
Announcement Detail:
Subject: AIRB-CONVERSION OF 18,000 NOMINAL AMOUNT OF FIVE PER CENT (5%) 7 YEAR REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2004/2011 INTO 18,000 ORDINARY SHARES ("CONVERSION")
Contents: Kindly be advised that the abovementioned Company's additional 18,000 new ordinary shares of RM1.00 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 21 December 2010.
KAMDAR - First Interim Dividend
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: KAMDAR GROUP (M) BERHAD
Stock Name: KAMDAR
Date Announced: 17/12/2010
Announcement Detail:
EX-date: 19/01/2011
Entitlement date: 24/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: First Interim Dividend
Entitlement description: First Interim Single Tier Dividend of 2% per ordinary share of RM1.00 each for the financial year ending 31 December 2010.
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: 24/01/2011 to 24/01/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Mega Corporate Services Sdn Bhd
Level 15-2, Faber Imperial Court
Jalan Sultan Ismail
50250 Kuala Lumpur
Tel : 03-26924271
Payment date: 21/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 24/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 2
Company Name: KAMDAR GROUP (M) BERHAD
Stock Name: KAMDAR
Date Announced: 17/12/2010
Announcement Detail:
EX-date: 19/01/2011
Entitlement date: 24/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: First Interim Dividend
Entitlement description: First Interim Single Tier Dividend of 2% per ordinary share of RM1.00 each for the financial year ending 31 December 2010.
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: 24/01/2011 to 24/01/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Mega Corporate Services Sdn Bhd
Level 15-2, Faber Imperial Court
Jalan Sultan Ismail
50250 Kuala Lumpur
Tel : 03-26924271
Payment date: 21/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 24/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 2
BREM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 26,000
Minimum price paid for each share purchased ($$): 1.230
Maximum price paid for each share purchased ($$): 1.240
Total consideration paid ($$): 32,267.41
Number of shares purchased retained in treasury (units): 26,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,321,300
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.81
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 17/12/2010
Announcement Detail:
Date of buy back: 17/12/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 26,000
Minimum price paid for each share purchased ($$): 1.230
Maximum price paid for each share purchased ($$): 1.240
Total consideration paid ($$): 32,267.41
Number of shares purchased retained in treasury (units): 26,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,321,300
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.81
WCT - Listing Circular
Announcement Type: Listing Circular
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 17/12/2010
Announcement Detail:
Subject: WCT-CONVERSION OF 19,400 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2007/2012 OF RM0.10 EACH INTO 3,880 NEW ORDINARY SHARES OF RM0.50 EACH ("CONVERSION")
Contents: Kindly be advised that the abovementioned Company's additional 3,880 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00a.m., Tuesday, 21 December 2010.
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 17/12/2010
Announcement Detail:
Subject: WCT-CONVERSION OF 19,400 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2007/2012 OF RM0.10 EACH INTO 3,880 NEW ORDINARY SHARES OF RM0.50 EACH ("CONVERSION")
Contents: Kindly be advised that the abovementioned Company's additional 3,880 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00a.m., Tuesday, 21 December 2010.
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