MCMTECH - General Announcement
Announcement Type: General Announcement
Company Name: MCM TECHNOLOGIES BERHAD (ACE Market)
Stock Name: MCMTECH
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MCM TECHNOLOGIES BERHAD ("MCMTECH")
- CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY MEZZANINE CAPITAL (MALAYSIA) SDN BHD ("OFFEROR") THROUGH ECM LIBRA INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN MCMTECH ("MCMTECH SHARES") NOT ALREADY OWNED BY THE OFFEROR AND ALL THE NEW MCMTECH SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE OFFER ARISING FROM THE EXERCISE OF OUTSTANDING OPTIONS GRANTED PURSUANT TO MCMTECH'S EMPLOYEES' SHARE OPTION SCHEME (COLLECTIVELY "OFFER SHARES") AT A CASH CONSIDERATION OF RM0.13 PER OFFER SHARE ("OFFER")
- APPLICATION FOR THE WITHDRAWAL OF THE LISTING STATUS FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We refer to our announcements dated 24 September 2010, 6 October 2010, 12 October 2010, 14 October 2010, 28 October 2010, 29 October 2010, 16 November 2010 and 13 December 2010 in relation to the Offer.
We wish to inform that MCMTech had on 20 December 2010 submitted an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for the withdrawal of listing of MCMTech from the Official List of Bursa Securities in accordance with Bursa Securities ACE Market Listing Requirements.
This announcement is dated 20 December 2010.
Company Name: MCM TECHNOLOGIES BERHAD (ACE Market)
Stock Name: MCMTECH
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MCM TECHNOLOGIES BERHAD ("MCMTECH")
- CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY MEZZANINE CAPITAL (MALAYSIA) SDN BHD ("OFFEROR") THROUGH ECM LIBRA INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN MCMTECH ("MCMTECH SHARES") NOT ALREADY OWNED BY THE OFFEROR AND ALL THE NEW MCMTECH SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE OFFER ARISING FROM THE EXERCISE OF OUTSTANDING OPTIONS GRANTED PURSUANT TO MCMTECH'S EMPLOYEES' SHARE OPTION SCHEME (COLLECTIVELY "OFFER SHARES") AT A CASH CONSIDERATION OF RM0.13 PER OFFER SHARE ("OFFER")
- APPLICATION FOR THE WITHDRAWAL OF THE LISTING STATUS FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We refer to our announcements dated 24 September 2010, 6 October 2010, 12 October 2010, 14 October 2010, 28 October 2010, 29 October 2010, 16 November 2010 and 13 December 2010 in relation to the Offer.
We wish to inform that MCMTech had on 20 December 2010 submitted an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for the withdrawal of listing of MCMTech from the Official List of Bursa Securities in accordance with Bursa Securities ACE Market Listing Requirements.
This announcement is dated 20 December 2010.
IFCAMSC - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: IFCA MSC BERHAD (ACE Market)
Stock Name: IFCAMSC
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: IFCA MSC BERHAD ("IFCA" OR THE "COMPANY")
PROPOSED RIGHTS ISSUE WITH WARRANTS;
PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
PROPOSED M&A AMENDMENTS
(COLLECTIVELY REFFERED TO AS THE "PROPOSALS").
Contents: The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 29 October 2010 in relation to the Proposals.
We refer to the announcements dated 29 October 2010, 23 November 2010, 24 November 2010 and 1 December 2010 in relation to the Proposals.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: IFCA MSC BERHAD (ACE Market)
Stock Name: IFCAMSC
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: IFCA MSC BERHAD ("IFCA" OR THE "COMPANY")
PROPOSED RIGHTS ISSUE WITH WARRANTS;
PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
PROPOSED M&A AMENDMENTS
(COLLECTIVELY REFFERED TO AS THE "PROPOSALS").
Contents: The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 29 October 2010 in relation to the Proposals.
We refer to the announcements dated 29 October 2010, 23 November 2010, 24 November 2010 and 1 December 2010 in relation to the Proposals.
MTRONIC - METRONIC GLOBAL BERHAD ("MGB" or "COMPANY") VOLUNTARY DEREGISTRATION OF A SUBSIDIARY
Announcement Type: General Announcement
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: METRONIC GLOBAL BERHAD ("MGB" or "COMPANY")
VOLUNTARY DEREGISTRATION OF A SUBSIDIARY
Contents: The Board of Directors of MGB wishes to announce that the Company's 60% owned subsidiary, Metronic Australia Pty Ltd ("MAPL") had been voluntarily deregistered on 19 December 2010.
MAPL was incorporated in Australia on 5 June 2006 with a paid-up share capital of Australian Dollar 100. MAPL has been dormant since the date of incorporation.
The deregistration of MAPL will not have any material effect on the earnings or net assets of MGB for the financial year ending 31 December 2010.
None of the directors and/or major shareholders of MGB and/or persons connected to them have any interest, direct or indirect in the deregistration of MAPL.
This announcement is dated 20 December 2010.
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: METRONIC GLOBAL BERHAD ("MGB" or "COMPANY")
VOLUNTARY DEREGISTRATION OF A SUBSIDIARY
Contents: The Board of Directors of MGB wishes to announce that the Company's 60% owned subsidiary, Metronic Australia Pty Ltd ("MAPL") had been voluntarily deregistered on 19 December 2010.
MAPL was incorporated in Australia on 5 June 2006 with a paid-up share capital of Australian Dollar 100. MAPL has been dormant since the date of incorporation.
The deregistration of MAPL will not have any material effect on the earnings or net assets of MGB for the financial year ending 31 December 2010.
None of the directors and/or major shareholders of MGB and/or persons connected to them have any interest, direct or indirect in the deregistration of MAPL.
This announcement is dated 20 December 2010.
MEXTER - General Announcement
Announcement Type: General Announcement
Company Name: MEXTER TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEXTER
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MEXTER TECHNOLOGY BERHAD ("MEXTER" OR "COMPANY")
CIVIL SUIT IN THE PENANG HIGH COURT (CIVIL SUIT NO. MT1-22-527-2007) AGAINST TAN KIM BOON, TAN KIM KHENG, LO MOOI LEE, ANG CHAI KHEE, OTTUS SDN BHD AND OUNG LAY CHOON (HEREINAFTER REFERRED TO AS THE "DEFENDANTS")
Contents: Further to the Company's announcements made on 6 December 2010, the Board of Directors of Mexter ("Board") wishes to announce that the Penang High Court has fixed trial dates for the Civil Suit from 6 June 2011 to 10 June 2011. A case management date has also been fixed on 14 March 2011.
This announcement is dated 20 December 2010.
Company Name: MEXTER TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEXTER
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: MEXTER TECHNOLOGY BERHAD ("MEXTER" OR "COMPANY")
CIVIL SUIT IN THE PENANG HIGH COURT (CIVIL SUIT NO. MT1-22-527-2007) AGAINST TAN KIM BOON, TAN KIM KHENG, LO MOOI LEE, ANG CHAI KHEE, OTTUS SDN BHD AND OUNG LAY CHOON (HEREINAFTER REFERRED TO AS THE "DEFENDANTS")
Contents: Further to the Company's announcements made on 6 December 2010, the Board of Directors of Mexter ("Board") wishes to announce that the Penang High Court has fixed trial dates for the Civil Suit from 6 June 2011 to 10 June 2011. A case management date has also been fixed on 14 March 2011.
This announcement is dated 20 December 2010.
CONNECT - EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Announcement Type: General Announcement
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 20/12/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Contents: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 20/12/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
Contents: EXCLUSIVE AGENCY AGREEMENT BETWEEN Rapid Conn (Shen Zhen) Co., Ltd. AND PEDOKA LIMITED ("AGREEMENT")
ALLIANZ - ALLIANZ MALAYSIA BERHAD ("AMB" or "Company" ) COMMENCEMENT OF NEGOTIATION WITH MNRB HOLDINGS BERHAD
Announcement Type: General Announcement
Company Name: ALLIANZ MALAYSIA BERHAD
Stock Name: ALLIANZ
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: ALLIANZ MALAYSIA BERHAD ("AMB" or "Company" )
COMMENCEMENT OF NEGOTIATION WITH MNRB HOLDINGS BERHAD
Contents: AMB wishes to announce that Bank Negara Malaysia has via its letter dated 17 December 2010 granted approval to the Company to commence negotiation with MNRB Holdings Berhad on the proposed acquisition of equity interest in Takaful Ikhlas Sdn. Bhd. by the Company.
This announcement is dated 20 December 2010.
Company Name: ALLIANZ MALAYSIA BERHAD
Stock Name: ALLIANZ
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: ALLIANZ MALAYSIA BERHAD ("AMB" or "Company" )
COMMENCEMENT OF NEGOTIATION WITH MNRB HOLDINGS BERHAD
Contents: AMB wishes to announce that Bank Negara Malaysia has via its letter dated 17 December 2010 granted approval to the Company to commence negotiation with MNRB Holdings Berhad on the proposed acquisition of equity interest in Takaful Ikhlas Sdn. Bhd. by the Company.
This announcement is dated 20 December 2010.
ASB - General Announcement
Announcement Type: General Announcement
Company Name: ADVANCE SYNERGY BERHAD
Stock Name: ASB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: ADVANCE SYNERGY BERHAD ("ASB")
ORIGINATING SUMMONS NO. D-24NCC-332-2010 DATED 8 OCTOBER 2010 SERVED ON ADVANCE SYNERGY CAPITAL SDN BHD ("ASCAP"), A WHOLLY-OWNED SUBSIDIARY OF ASB, BY ACE INA INTERNATIONAL HOLDINGS LTD ("ACE INA")("ORIGINATING SUMMONS")
Contents: We refer to our announcement on 30 November 2010 concerning the granting of the Kuala Lumpur High Court Order on 29 November 2010 (i.e. the various orders with costs sought by ACE INA pursuant to the Originating Summons), the effect of which is to compel ASCAP to perform the agreement to sell ASCAP's 49% equity interest in ACE Synergy Insurance Berhad to ACE INA.
We wish to inform the Exchange that ASCAP had on 17 December 2010 filed a notice of appeal to the Court of Appeal against the aforesaid decision of the Kuala Lumpur High Court on 29 November 2010.
This announcement is dated 20 December 2010.
Company Name: ADVANCE SYNERGY BERHAD
Stock Name: ASB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: ADVANCE SYNERGY BERHAD ("ASB")
ORIGINATING SUMMONS NO. D-24NCC-332-2010 DATED 8 OCTOBER 2010 SERVED ON ADVANCE SYNERGY CAPITAL SDN BHD ("ASCAP"), A WHOLLY-OWNED SUBSIDIARY OF ASB, BY ACE INA INTERNATIONAL HOLDINGS LTD ("ACE INA")("ORIGINATING SUMMONS")
Contents: We refer to our announcement on 30 November 2010 concerning the granting of the Kuala Lumpur High Court Order on 29 November 2010 (i.e. the various orders with costs sought by ACE INA pursuant to the Originating Summons), the effect of which is to compel ASCAP to perform the agreement to sell ASCAP's 49% equity interest in ACE Synergy Insurance Berhad to ACE INA.
We wish to inform the Exchange that ASCAP had on 17 December 2010 filed a notice of appeal to the Court of Appeal against the aforesaid decision of the Kuala Lumpur High Court on 29 November 2010.
This announcement is dated 20 December 2010.
TDM - TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 20/12/2010
Announcement Detail:
Subject: TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 41,400 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 20/12/2010
Announcement Detail:
Subject: TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 41,400 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 22 December 2010.
CMSB - General Announcement
Announcement Type: General Announcement
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DISPOSAL OF 500,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE ENTIRE EQUITY INTEREST IN I-SYSTEMS NETWORK SDN BHD
Contents: 1. INTRODUCTION
Pursuant to Paragraph 9.19(24) of Chapter 9 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of Cahya Mata Sarawak Berhad ("CMSB" or "the Company") wishes to announce that its subsidiary company, CMS I-Systems Berhad ("CMS I-Systems") had, on 20 December 2010 entered into a Share Sale Agreement ("SSA") with Mr Chua Kok Liang and Ms Yap Chue Nee (the "Purchasers") for the disposal of 500,000 ordinary shares of RM1.00 each ("Sale Shares") representing the entire equity interest in I-Systems Network Sdn Bhd ("I-Systems Network") for a total cash consideration of RM2.00 ("Disposal").
Upon completion, I-Systems Network will cease to be a subsidiary company of CMS I-Systems, which is in turn a subsidiary of CMSB.
2. DETAILS OF THE DISPOSAL
2.1 INFORMATION ON I-SYSTEMS NETWORK
I-Systems Network was incorporated in Malaysia on 22 October 1999 as a private limited company under the Companies Act, 1965 under the name of City Internet Formula Sdn Bhd. The company changed its name to I-Fastmail Sdn Bhd on 27 April 2000. On 31 July 2003, it assumed its present name. I-Systems Network is effectively a 68.76% owned subsidiary company of CMSB.
The current authorised and issued and paid up share capital of I-Systems Network is RM500,000.00 and RM500,000.00 respectively comprising 500,000 ordinary shares of RM1.00 each.
Based on the audited financial statements of I-Systems Network for the financial year ended 31 December 2009, the company has an accumulated losses of RM671,751 and a total negative equity of RM171,751.
I-Systems Network is engaged in the provision of sales and related services in hardware and infrastructure, network and security solutions.
2.2 Salient terms of the SSA
The salient terms of the SSA include, inter-alia, the following:-
(a) The Purchasers have agreed to purchase all of the Sale Shares and not part thereof.
(b) The Sale Shares are sold on "as-is where-is" basis with no warranty and/or representation by the Vendor on the completeness and/or accuracy in respect of CMS I-Systems' financial, taxation, accounting, employment matters.
2.3 Basis of arriving at the sale consideration
The total disposal consideration of RM2.00 was arrived on a willing-seller and willing-buyer basis and after taking into consideration the audited net liabilities of I-Systems Network as at 31 December 2009 of RM171,751.
2.4 Date and original cost of investment
The date of investment in I-Systems Network by CMS I-Systems was on 1 March 2000 and 17 May 2000 respectively. The original cost of investment by CMS I-Systems was RM450,000.
3. RATIONALE FOR THE DISPOSAL
The Disposal will enable the CMSB Group to complete the disposal of the last remaining assets of this non-core business and concentrate its resources and management focus on its core businesses going forward of construction materials manufacturing and trading, construction, property development and its planned participation in investment opportunities arising under SCORE, the Sarawak Corridor for Renewable Energy.
4. FINANCIAL EFFECTS
The Disposal 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.
5. APPROVALS REQUIRED
The Disposal does not require the approval of the shareholders of CMSB or any other regulatory body.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the directors and/or major shareholders of CMSB or persons connected to them have any interest, direct or indirect, in the Disposal.
7. STATEMENT BY THE BOARD
Having considered all aspects of the Disposal, the Board of CMSB is of the opinion that the Disposal is in the best long-term interest of CMSB.
8. HIGHEST PERCENTAGE RATIO PURSUANT TO PARAGRAPH 10.02(G) OF THE MMLR OF BURSA SECURITIES
The highest percentage ratio applicable for the Disposal pursuant to Paragraph 10.02(g) of the MMLR is 0.05%.
9. LIABILITIES TO BE ASSUMED
CMSB is not assuming any additional liabilities consequent on the Disposal.
10. ESTIMATED TIMEFRAME FOR COMPLETION
Barring unforeseeable circumstances, the Disposal is expected to be completed by today, being date of the Share Sale Agreement.
11. SECURITIES COMMISSION'S ("SC") POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES
To the best knowledge of the Board, the Disposal does not depart from the SC's Policies and Guidelines on Issue/Offer of Securities.
12. DOCUMENTS FOR INSPECTION
A copy of the SSA is available for inspection at the Company's registered office at Level 6, Wisma Mahmud, Jalan Sungai Sarawak, 93100 Kuching, Sarawak during normal business hours on Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 20 December 2010.
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DISPOSAL OF 500,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE ENTIRE EQUITY INTEREST IN I-SYSTEMS NETWORK SDN BHD
Contents: 1. INTRODUCTION
Pursuant to Paragraph 9.19(24) of Chapter 9 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of Cahya Mata Sarawak Berhad ("CMSB" or "the Company") wishes to announce that its subsidiary company, CMS I-Systems Berhad ("CMS I-Systems") had, on 20 December 2010 entered into a Share Sale Agreement ("SSA") with Mr Chua Kok Liang and Ms Yap Chue Nee (the "Purchasers") for the disposal of 500,000 ordinary shares of RM1.00 each ("Sale Shares") representing the entire equity interest in I-Systems Network Sdn Bhd ("I-Systems Network") for a total cash consideration of RM2.00 ("Disposal").
Upon completion, I-Systems Network will cease to be a subsidiary company of CMS I-Systems, which is in turn a subsidiary of CMSB.
2. DETAILS OF THE DISPOSAL
2.1 INFORMATION ON I-SYSTEMS NETWORK
I-Systems Network was incorporated in Malaysia on 22 October 1999 as a private limited company under the Companies Act, 1965 under the name of City Internet Formula Sdn Bhd. The company changed its name to I-Fastmail Sdn Bhd on 27 April 2000. On 31 July 2003, it assumed its present name. I-Systems Network is effectively a 68.76% owned subsidiary company of CMSB.
The current authorised and issued and paid up share capital of I-Systems Network is RM500,000.00 and RM500,000.00 respectively comprising 500,000 ordinary shares of RM1.00 each.
Based on the audited financial statements of I-Systems Network for the financial year ended 31 December 2009, the company has an accumulated losses of RM671,751 and a total negative equity of RM171,751.
I-Systems Network is engaged in the provision of sales and related services in hardware and infrastructure, network and security solutions.
2.2 Salient terms of the SSA
The salient terms of the SSA include, inter-alia, the following:-
(a) The Purchasers have agreed to purchase all of the Sale Shares and not part thereof.
(b) The Sale Shares are sold on "as-is where-is" basis with no warranty and/or representation by the Vendor on the completeness and/or accuracy in respect of CMS I-Systems' financial, taxation, accounting, employment matters.
2.3 Basis of arriving at the sale consideration
The total disposal consideration of RM2.00 was arrived on a willing-seller and willing-buyer basis and after taking into consideration the audited net liabilities of I-Systems Network as at 31 December 2009 of RM171,751.
2.4 Date and original cost of investment
The date of investment in I-Systems Network by CMS I-Systems was on 1 March 2000 and 17 May 2000 respectively. The original cost of investment by CMS I-Systems was RM450,000.
3. RATIONALE FOR THE DISPOSAL
The Disposal will enable the CMSB Group to complete the disposal of the last remaining assets of this non-core business and concentrate its resources and management focus on its core businesses going forward of construction materials manufacturing and trading, construction, property development and its planned participation in investment opportunities arising under SCORE, the Sarawak Corridor for Renewable Energy.
4. FINANCIAL EFFECTS
The Disposal 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.
5. APPROVALS REQUIRED
The Disposal does not require the approval of the shareholders of CMSB or any other regulatory body.
6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the directors and/or major shareholders of CMSB or persons connected to them have any interest, direct or indirect, in the Disposal.
7. STATEMENT BY THE BOARD
Having considered all aspects of the Disposal, the Board of CMSB is of the opinion that the Disposal is in the best long-term interest of CMSB.
8. HIGHEST PERCENTAGE RATIO PURSUANT TO PARAGRAPH 10.02(G) OF THE MMLR OF BURSA SECURITIES
The highest percentage ratio applicable for the Disposal pursuant to Paragraph 10.02(g) of the MMLR is 0.05%.
9. LIABILITIES TO BE ASSUMED
CMSB is not assuming any additional liabilities consequent on the Disposal.
10. ESTIMATED TIMEFRAME FOR COMPLETION
Barring unforeseeable circumstances, the Disposal is expected to be completed by today, being date of the Share Sale Agreement.
11. SECURITIES COMMISSION'S ("SC") POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES
To the best knowledge of the Board, the Disposal does not depart from the SC's Policies and Guidelines on Issue/Offer of Securities.
12. DOCUMENTS FOR INSPECTION
A copy of the SSA is available for inspection at the Company's registered office at Level 6, Wisma Mahmud, Jalan Sungai Sarawak, 93100 Kuching, Sarawak during normal business hours on Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 20 December 2010.
MFCB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 1.680
Maximum price paid for each share purchased ($$): 1.720
Total consideration paid ($$): 34,163.67
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,601,600
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.62
Remarks: This announcement is dated 20 December 2010.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 1.680
Maximum price paid for each share purchased ($$): 1.720
Total consideration paid ($$): 34,163.67
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,601,600
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.62
Remarks: This announcement is dated 20 December 2010.
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