December 14, 2010

Company announcements: MFCB, GENTING, GKENT, GUH, MULPHA, SUNWAY, PACMAS, KTB, GLOMAC

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: 14/12/2010

Announcement Detail:
Date of buy back: 14/12/2010

Description of shares purchased: Ordinary shares of MYR1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 23,000

Minimum price paid for each share purchased ($$): 1.770

Maximum price paid for each share purchased ($$): 1.790

Total consideration paid ($$): 41,061.87

Number of shares purchased retained in treasury (units): 23,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 13,484,600

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 (%): 5.57

Remarks: This announcement is dated 14 December 2010.


MFCB - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 14/12/2010

Announcement Detail:
Date of buy back from: 02/12/2010

Date of buy back to: 13/12/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 102,000

Minimum price paid for each share purchased ($$): 1.780

Maximum price paid for each share purchased ($$): 1.860

Total amount paid for shares purchased ($$): 185,858.31

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 102,000

Total number of shares retained in treasury (units): 13,461,600

Number of shares purchased which were cancelled (units): 0

Total issued capital as diminished: 242,205,000

Date lodged with registrar of companies: 14/12/2010

Lodged by: Mega First Corporate Services Sdn Bhd

Remarks: This announcement is dated 14 December 2010.


GENTING - GENTING BERHAD -Dealing by a Principal Officer

Announcement Type: General Announcement
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 14/12/2010

Announcement Detail:
Type: Announcement

Subject: GENTING BERHAD
-Dealing by a Principal Officer

Contents: Pursuant to Chapter 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealings in the Company's securities by a principal officer.


GKENT - Quarterly rpt on consolidated results for the financial period ended 31/10/2010

Announcement Type: Financial Results
Company Name: GEORGE KENT (MALAYSIA) BERHAD
Stock Name: GKENT
Date Announced: 14/12/2010

Announcement Detail:
Financial Year End: 31/01/2011

Quarter: 3

Quarterly report for the financial period ended: 31/10/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


GUH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GUH HOLDINGS BERHAD
Stock Name: GUH
Date Announced: 14/12/2010

Announcement Detail:
Date of buy back: 14/12/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 162,600

Minimum price paid for each share purchased ($$): 1.160

Maximum price paid for each share purchased ($$): 1.190

Total consideration paid ($$): 191,508.00

Number of shares purchased retained in treasury (units): 162,600

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 4,640,800

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 (%): 2.29


MULPHA - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 14/12/2010

Announcement Detail:
Date of buy back: 14/12/2010

Description of shares purchased: Ordinary shares of RM 0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 3,250,000

Minimum price paid for each share purchased ($$): 0.525

Maximum price paid for each share purchased ($$): 0.545

Total consideration paid ($$): 1,758,030.78

Number of shares purchased retained in treasury (units): 3,250,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 6,865,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.29


SUNWAY - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 14/12/2010

Announcement Detail:
Type: Announcement

Subject: SUNWAY HOLDINGS BERHAD ("SUNH" OR "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES OF SUNH ("OFFER")

Contents: Reference is made to the announcement by SunH dated 24 November 2010.

On behalf of the Board of Directors of SunH, CIMB Investment Bank Berhad and RHB Investment Bank Berhad wish to announce that the non-interested Directors of SunH, after taking into consideration the independent advice of the Independent Adviser, OSK Investment Bank Berhad ("OSK"), have decided to accept the Offer, subject to, inter alia, the approval of the shareholders and relevant authorities, where required. OSK has been appointed by SunH to advise the non-interested shareholders and non-interested directors of SunH.

Further details on the Offer will be announced upon execution of the definitive agreement.

This announcement is dated 14 December 2010.


PACMAS - General Announcement

Announcement Type: General Announcement
Company Name: PACIFICMAS BERHAD
Stock Name: PACMAS
Date Announced: 14/12/2010

Announcement Detail:
Type: Announcement

Subject: PACIFICMAS BERHAD ("PACIFICMAS" OR "COMPANY")

PROPOSED DISPOSAL OF 100 MILLION ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN THE PACIFIC INSURANCE BERHAD TO FAIRFAX ASIA LIMITED FOR A DISPOSAL CONSIDERATION OF RM201 MILLION, SUBJECT TO SUCH ADJUSTMENTS AS SPECIFIED IN THE SHARES SALE AGREEMENT, TO BE SATISFIED ENTIRELY BY CASH ("PROPOSED DISPOSAL")
- NOTICE OF EXTRAORDINARY GENERAL MEETING

Contents: The Board of Directors of PacificMas Berhad ("the Company") wishes to inform Bursa Malaysia Securities Berhad that the Company will be convening an extraordinary general meeting ("EGM") at the Ballroom, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, 50250 Kuala Lumpur on Thursday, 30 December 2010 at 3.00 p.m. for the purpose of considering and, if thought fit, passing the resolution pertaining to the Proposed Disposal.

The full text of the Notice of the EGM to be advertised in The Star on Wednesday, 15 December 2010 is attached herewith for your attention.

This announcement is dated 14 December 2010.

Attachments: PACIFICMAS-Notice of EGM.pdf


KTB - General Announcement

Announcement Type: General Announcement
Company Name: KONSORTIUM TRANSNASIONAL BERHAD
Stock Name: KTB
Date Announced: 14/12/2010

Announcement Detail:
Type: Announcement

Subject: Konsortium Transnasional Berhad ("KTB" or the "Company") - Disposal of equity interest in PT Indonadi

Contents: INTRODUCTION

The Board of Directors of the Company wishes to announce that the Company had on the 14th of December 2010 entered into a Transfer of Shares Agreement ("TSA") with Nadicorp Holdings Sdn Bhd (hereinafter referred to as "Nadicorp") for the disposal of 700 ordinary shares of USD100.00 each ("Sale Shares"), representing 70% equity interest in PT Indonadi (hereinafter referred to as "PTI") for a total cash consideration of United States Dollar Seventy Thousand (USD70,000.00) only (hereinafter referred to as the "Disposal").

The Disposal will result in PTI ceasing to be a subsidiary of the Company.


SALIENT TERMS OF THE TSA AND DETAILS OF THE DISPOSAL

Pursuant to the TSA, the Sale Shares in PTI are disposed of free from all liens, charges, options and encumbrances and with all rights attached to them to Nadicorp for a total cash consideration of United States Dollar Seventy Thousand (USD70,000.00) only.

The transfer of the said shares is subject to the consent from the Ministry of Law and Human Rights Indonesia as PTI is a company incorporated in Indonesia.

The total cash consideration for the Disposal was arrived on a willing buyer willing seller basis after taking into consideration the valuation by an independent corporate advisory consultant. The estimated fair value of the said share is Rp 4,170.46 per share (USD0.48) as appraised by Messrs. Grant Thornton Consulting Sdn Bhd, an independent corporate advisory consultant on 24th September 2010. The discounted cash flow method was applied by the said consultant for the valuation of the Sale Shares.

The details of the cost of investment and the audited net tangible assets ("NTA") of PTI are as per Table 1 below.

The Company is expected to make a gain of RM861,629.00 from the Disposal. The Disposal is expected to be completed within three (3) months from the date of the TSA.

The proceed from the Disposal will be utilized by the Company for its working capital purposes. The estimated timeframe for full utilisation of the proceed arising from the Disposal is one (1) month.


BRIEF INFORMATION ON PTI

PTI was incorporated as a private limited company in Indonesia on 9th June 2006 with a paid-up capital of of USD100,000.00. Currently PTI is a subsidiary of KTB. The principal activities of PTI are importing and distribution of buses.


BRIEF INFORMATION ON KTB

KTB was incorporated in Malaysia on 5 June 2003 with a paid-up capital of RM166,998,674.00. KTB is an investment holding company whereby its subsidiaries are principally involved in the provision of public bus transportation services.


BRIEF INFORMATION ON NADICORP

Nadicorp was incorporated in Malaysia on 23rd March 1985 with a paid-up capital of RM202,696,648.00. Nadicorp is an investment holding company and it has indirect interest in KTB via its wholly-owned subsidiary, Kumpulan Kenderaan Malaysia Berhad ("KKMB") which is a major shareholder of KTB with an 61.86% equity (direct and indirect) stakes as at 30 June 2010.


RATIONALE FOR THE DISPOSAL

The Disposal will enable the Company to utilize the proceed for working capital purposes.


FINANCIAL EFFECTS OF THE DISPOSAL

a) Share Capital and Substantial Shareholders' Shareholding

The Disposal will not have any material effect on the share capital and substantial shareholders' shareholding of KTB.

b) Net Assets Per Share and Gearing

The Disposal will not have any material effect on the net assets per share and gearing of KTB for the financial year ending 31 December 2010.

c) Earning Per Share

The proforma effects of the Disposal on the earning per share of KTB based on the audited financial statements as at 31 December 2009 are as per Table 2 below.


CONDITION OF THE DISPOSAL

The Disposal is not subject to the approval of the shareholders and the relevant governmental authorities in Malaysia. The Disposal is however subject to the consent from the Ministry of Law and Human Right of Indonesia for the transfer of the Sale Shares as PTI is a company incorporated in Indonesia.


HIGHEST PERCENTAGE RATIO APPLICABLE TO THE DISPOSAL PURSUANT TO PARAGRAPH 10.02(g) OF THE MAIN MARKET LISTING REQUIREMENT

The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirement is 0.42% (the aggregate value of the consideration given or received in relation to the transaction, compared with the market value of all the ordinary shares of the listed issuer (excluding treasury shares)).


DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS

YBhg Dato' Sri Mohd Nadzmi Mohd Salleh is the Executive Chairman of Nadicorp and also the Chairman and Managing Director of KTB and the Director of KKMB. KKMB is a wholly-owned subsidiary of Nadicorp and is the major shareholder of KTB with an 61.85% equity (direct and indirect) stakes as at 30 June 2010. PTI is a subsidiary of KTB.

YBhg Dato' Sri Mohd Nadzmi Mohd Salleh is deemed interested in the Disposal and has abstained and will continue to abstain from all deliberations and voting in relation to the Disposal.

Save as disclosed, as far as the Board is aware, none of the other directors or major shareholders of the Company or any persons connected with such director or major shareholders have any interest, direct or indirect in the Disposal.


STATEMENT BY THE AUDIT COMMITTEE AND BOARD OF DIRECTORS

The Directors of the Company (save and except for YBhg Dato' Sri Mohd Nadzmi Mohd Salleh) are of the opinion that the Disposal is fair and reasonable and is in the best interest of the Company and that the consideration for the Disposal was arrived on a willing buyer willing seller seller basis after taking into account the estimated fair value of the Sale Shares.

The Audit Committee of the Company and the Board of Directors (save and except for YBhg Dato' Sri Mohd Nadzmi Mohd Salleh) after taking into account the estimated fair value of the Sale Shares based on the valuation by the said independent corporate advisory consultant, is of the view that the Disposal is:-

a) in the best interest of the Company;
b) fair, reasonable and on normal commercial terms; and
c) not detrimental to the interest of the minority shareholders.


DOCUMENTS AVAILABLE FOR INSPECTION

A copy of the TSA dated 14th December 2010 and the valuation report prepared by Messrs. Grant Thornton Consulting Sdn Bhd are available for inspection at the registered office of the Company at No. 38, Jalan Chow Kit, 50350 Kuala Lumpur during normal office hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.


This announcement is dated 14th December 2010.


GLOMAC - General Announcement

Announcement Type: General Announcement
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 14/12/2010

Announcement Detail:
Type: Announcement

Subject: Notification under Chapter 14 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Dealings in Securities

Contents: Pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, wishes to notify that Glomac Berhad ("the Company") received notification from the following directors of dealings in securities of the Company outside the closed period. Please refer to the table below for further information.

This announcement is dated 14 December 2010.



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