December 16, 2010

Company announcements: MULPHA, SEAL, TONGHER, GLOMAC, MEDIAC, AIRASIA, UOAREIT, ALAM, TAGB, SCABLE

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: 16/12/2010

Announcement Detail:
Date of buy back: 16/12/2010

Description of shares purchased: Ordinary shares of RM 0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 100,000

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

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

Total consideration paid ($$): 54,898.35

Number of shares purchased retained in treasury (units): 100,000

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

Cumulative net outstanding treasury shares as at to-date (units): 9,615,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.41


SEAL - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: MIDF AMANAH INVESTMENT BANK BERHAD
Company Name: SEAL INCORPORATED BERHAD
Stock Name: SEAL
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: SEAL INCORPORATED BERHAD ("SEAL" of the "Company")

(i) Capital Reduction;

(ii) Private Placement;

(iii) ESOS; and

(iv) Amendment to the MA.

(Collectively, referred to as the "Proposals").

Contents: Reference is made to the Company's announcements dated 14 December 2010, 12 November 2010, 15 July 2010, 22 June 2010, 10 June 2010 and 26 May 2010 in relation to the Proposals.

On behalf of the Board of Directors of SEAL, MIDF Amanah Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad had approved its extension of time of six (6) months from 9 December 2010 until 8 June 2011 to complete the Private Placement vide its letter dated 10 December 2010 (which was received on 16 December 2010).

This announcement is dated 16 December 2010.


TONGHER - General Announcement

Announcement Type: General Announcement
Company Name: TONG HERR RESOURCES BERHAD
Stock Name: TONGHER
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

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

Contents: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities


GLOMAC - 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: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 16/12/2010

Announcement Detail:
Date of buy back from: 09/12/2010

Date of buy back to: 09/12/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 10,000

Minimum price paid for each share purchased ($$): 1.690

Maximum price paid for each share purchased ($$): 1.690

Total amount paid for shares purchased ($$): 17,023.47

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

Number of shares purchased retained in treasury (units): 10,000

Total number of shares retained in treasury (units): 5,010,300

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

Total issued capital as diminished: 0

Date lodged with registrar of companies: 16/12/2010

Lodged by: Ms Siew Suet Wei


MEDIAC - General Announcement

Announcement Type: General Announcement
Company Name: MEDIA CHINESE INTERNATIONAL LIMITED
Stock Name: MEDIAC
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: Media Chinese International Limited (the "Company")
- Interim Report for the Six (6) Months Ended 30 September 2010 (Overseas Regulatory Announcement in compliance with Rule 13.48(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Contents: Further to the announcement made by the Company on 25 November 2010 (Ref No. MCI-101029-9B865) pertaining to the interim financial results for the six (6) months ended 30 September 2010, the Directors of the Company wish to announce that there are several additional information in the unaudited interim report of the Company and its subsidiaries (collectively the "Group") compared to the unaudited interim financial results of the Group for the six (6) months ended 30 September 2010, as follows:-

1) Condensed Consolidated Statement of Changes in Equity
2) Condensed Consolidated Cash Flow Statement
3) Notes to the Condensed Consolidated Interim Financial Information
4) Other Information:-
a) Share Option Schemes
b) Particulars of Interests held by Directors, Chief Executives and their Associates
c) Substantial Shareholders
d) Change to the Board Sub-Committees
e) Audit Committee
f) Remuneration Committee
g) Nomination Committee
h) Changes in information of Directors
5) Additional Information:-
a) Condensed Condolidated Income Statement (in RM)
b) Condensed Consolidated Statement of Comprehensive Income (in RM)
c) Condensed Consolidated Balance Sheet (in RM)
d) Condensed Consolidated Statement of Changes in Equity (in RM)
e) Condensed Consolidated Cash Flow Statement (in RM)

A copy of the Interim Report 2010/11 is attached herewith, for public information.

This announcement is dated 16 December 2010.

Attachments: MCIL Interim Report 2010.pdf


AIRASIA - AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY") - The Philippines Joint Venture

Announcement Type: General Announcement
Company Name: AIRASIA BERHAD
Stock Name: AIRASIA
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY")
- The Philippines Joint Venture

Contents: AirAsia Berhad ("AirAsia" or "the Company") is pleased to announce that the Company through its wholly-owned subsidiary AA International Ltd ("AAIL") had on 16th December 2010, executed a Shareholders Agreement ("the Agreement") with Antonio O. Cojuangco Jr., Michael R Romero and Marianne B. Hontiveros, all nationals of the Republic of the Philippines.

The Agreement is formalized for the purpose of forging a business cooperation between the Malaysian and Filipino parties to establish a low cost airline in the Philippines based on the successful AirAsia business model ("the Joint Venture"). The company to be incorporated for the Joint Venture is named AirAsia Inc.


1) The rationale and prospects of the Joint Venture:

The Low Cost Carrier ("LCC") business model practiced by AirAsia enables the airline to offer affordable fares to passengers. The business model keeps operating costs low by encouraging travelers to make Internet bookings where its lowest fares are offered. Minimal operating costs further enhance the affordability of the LCC model.

The LCC concept has been very well received by the people of ASEAN as it brings affordable travel to various parts of the region which were previously either only served by legacy airlines or not served at all.

The rationale for the Joint Venture is therefore to bring low cost airline travel to the Philippines to make it affordable to the average Philippines national to travel domestically and regionally. The low cost airline will also offer greater access to affordable travel to the Philippines which will help the economic growth of the country as evidenced in other regions where AirAsia is currently serving.


2) Feasibility Study

AirAsia has conducted a feasibility study prior to entering into the Joint Venture and based on the study AirAsia is confident that the Joint Venture will strengthen AirAsia's distribution capacity across its existing network.

The Joint Venture will leverage on AirAsia's strength to forge into markets in China (with Macau and Hong Kong), Taiwan, Korea, Japan as well as Singapore. These sectors will enhance AirAsia's ASEAN regional expansion by providing AirAsia with additional routes and destinations and linking the destinations with AirAsia's already comprehensive route network.

The feasibility study forecasts that the Joint Venture will be operationally feasible and financially viable, and is expected to contribute positively to AirAsia's financials both directly and indirectly in the future.


3) Salient terms of the Agreement:

a) AirAsia will hold a 40% equity in AirAsia Inc. through AAIL. As Philippines' company laws require incorporators of a company to hold at least one share, Dato' Sri Dr. Anthony Francis Fernandes and Dato' Kamarudin Bin Meranun being two of the five incorporators of AirAsia Inc. will each hold one single share upon trust for AAIL ("Shares upon Trust").
b) AirAsia grants the rights for the use of the AirAsia brand to AirAsia Inc.
c) AirAsia will provide technical, operational and commercial support on an arms length basis to AirAsia Inc to ensure commercial, operational, branding and service level uniformity throughout AirAsia's operations.
d) AirAsia Inc shall apply for the Certificate of Public Convenience ("CPCN") from the Civil Aviation Board ("CAB") for the permit to operate an airline. AirAsia Inc shall also apply for the Air Operator's Certificate ("AOC") from the Civil Aviation Authority of the Philippines to operate aircraft in its fleet.

The shareholding structure in AirAsia Inc shall be AAIL with 40% (inclusive of the Shares upon Trust) and 20% each to be held by Antonio O. Cojuangco Jr., Michael R Romero and Marianne B. Hontiveros (collectively referred to as "the Shareholders").

The Agreement contains terms which are common to agreements between shareholders such as pre-emption rights, reserved matters, board composition, deadlock events, termination, etc.


4) Capital Injection

The Joint Venture will require USD8 million as paid up capital of AirAsia Inc. to be paid by the Shareholders in their respective shareholding ratio. AirAsia will raise internal funding for its portion of the equity.


5) Financial Impact

It is forecast that the Joint Venture will not make any material contribution in the short term however will contribute positively in the long-term.


6) Risk Factors

The parties have considered risk factors relating to the Joint Venture as follows:

a) The CPCN awarded may be subject to certain conditions relating to traffic rights, commercial needs or conditions which arise from objections of interested parties. Any variation and/or amendment to those conditions will require further application and approval from the CAB to put into effect. This may be a commercial setback to the growth of the airline;
b) Price competition from existing carriers which have been known to wage price war on new entrants to the commercial aviation market;
c) Socio-economic factors: Despite the relative large population of 93 million in Philippines, the general population still relies on surface transport due to their income level. A low cost carrier may not necessarily generate any appreciable growth of new travelers; and
d) Natural disasters: Geographically the Philippines is prone to natural disasters in particularly typhoons as well as volcanic activities and flooding which may adversely affect air travel.


7) Commencement of Operations

Subject to obtaining the relevant regulatory approvals, the Joint Venture is expected to commence operations in September 2011. The Shareholders have undertaken various steps to ensure that all operational, engineering, commercial and administrative aspects of the Joint Venture are in place and ready for the launch.


8) Approvals

The Joint Venture is not subject to the approval of the Company's shareholders. It is however subject to the relevant government authorities in the Philippines for the CPCN and the AOC.


9) Directors and Substantial Shareholders' Interests

Other than the Shares upon Trust, none of the directors and/or major shareholders of the Company and persons connected to them, insofar as the existing directors and major shareholders are able to ascertain and are aware, has any interest, direct or indirect in the above-mentioned Joint Venture.


10. Document available for inspection

The Agreement is available for inspection at the registered office of the Company at 25-5, Block H, Jalan PJU 1/37, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia during normal business days from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 16th December 2010.


UOAREIT - UOA REAL ESTATE INVESTMENT TRUST ("UOA REIT") PROPOSED ACQUISITIONS

Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: UOA REAL ESTATE INVESTMENT TRUST
Stock Name: UOAREIT
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: UOA REAL ESTATE INVESTMENT TRUST ("UOA REIT")

PROPOSED ACQUISITIONS

Contents: (I) PROPOSED ACQUISITION BY UOA REIT FROM DESA BUKIT PANTAI SDN BHD ("DBP"), A SUBSIDIARY OF UOA HOLDINGS SDN BHD ("UOA HOLDINGS"), OF TOWER BLOCK B COMPRISING 15 LEVELS OF OFFICE SPACE, 3 LEVELS OF RETAIL PODIUM, 6 LEVELS OF ELEVATED CAR PARK AND 4 LEVELS OF BASEMENT CAR PARK ("COLLECTIVELY REFERRED TO AS "PARCEL B - MENARA UOA BANGSAR") (WHICH FORMS PART OF A DEVELOPMENT KNOWN AS MENARA UOA BANGSAR) BEARING POSTAL ADDRESS NO.5 JALAN BANGSAR UTAMA 1, 59000 KUALA LUMPUR IMPROVED ON MASTER TITLE PAJAKAN NEGERI (WP) 43411, LOT 421, SEKSYEN 96, MUKIM AND DISTRICT OF KUALA LUMPUR, STATE OF WILAYAH PERSEKUTUAN KL FOR A TOTAL CONSIDERATION OF RM289 MILLION; AND

(II) PROPOSED ACQUISITION BY UOA REIT FROM RICH ACCOMPLISHMENT SDN BHD ("RASB"), A SUBSIDIARY OF UOA HOLDINGS, OF A LAND HELD UNDER GERAN 6837, LOT 38415, MUKIM AND DISTRICT OF KUALA LUMPUR, STATE OF WILAYAH PERSEKUTUAN KL MEASURING APPROXIMATELY 3,497 SQUARE METRES TOGETHER WITH A 16-STOREY OFFICE BUILDING WITH 5 LEVELS OF BASEMENT CAR PARK AND 3 LEVELS OF ELEVATED CAR PARK ("COLLECTIVELY REFERRED TO AS "WISMA UOA DAMANSARA II") BEARING POSTAL ADDRESS NO.6 CHANGKAT SEMANTAN, 50490 KUALA LUMPUR FOR A TOTAL CONSIDERATION OF RM211 MILLION.

(TO BE REFERRED TO AS THE "PROPOSED ACQUISITIONS")


ALAM - General Announcement

Announcement Type: General Announcement
Company Name: ALAM MARITIM RESOURCES BERHAD
Stock Name: ALAM
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: DEALING IN LISTED SECURITIES PURSUANT TO CHAPTER 14 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Contents: Pursuant to paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad ("BMSB"), Alam Maritim Resources Berhad ("the Company") wishes to announce to BMSB of the following Director's dealing in securities of the Company, the details of which can be referred to the Table A, below.


This announcement is dated 16 December 2010.


TAGB - General Announcement

Announcement Type: General Announcement
Company Name: TA GLOBAL BERHAD
Stock Name: TAGB
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: TA GLOBAL BERHAD ("TA GLOBAL" OR "COMPANY")

DISSOLUTION OF TA DEVELOPMENTS ONE (CANADA) TRUST AND TA DEVELOPMENTS ONE (BARBADOS) TRUST

Contents: The Board of Directors of TA Global wishes to announce that TA Developments One (Canada) Trust ("TADOCT") and TA Developments One (Barbados) Trust ("TADOBT"), trusts of which TA Global is the 100% ultimate beneficiary had been dissolved on 15 December 2010. They were previously incorporated in Canada and Barbados respectively.

The distributions of all remaining assets in the trusts were paid on 15 December 2010 to their immediate beneficiary, Parallel Legion Sdn Bhd, a wholly-owned subsidiary of TA Global.

Pursuant to the distribution of assets, TADOCT and TADOBT were dissolved in accordance to the terms of the Trust Agreement. The Trust Agreement provides that these trusts shall automatically be terminated on the date upon which the totality of the Trust Property and the Net Income have been distributed in accordance with the terms of the Trust Agreement but in no circumstances shall the period of the trusts exceed the Perpetuity Date.

As both TADOCT and TADOBT are inactive, their dissolutions will have no material financial and operational effect on TA Global.

This announcement is dated 16 December 2010.


SCABLE - NOTIFICATION ON DEALING IN SECURITIES (Amended Announcement)

Announcement Type: General Announcement
Company Name: SARAWAK CABLE BERHAD
Stock Name: SCABLE
Date Announced: 16/12/2010

Announcement Detail:
Type: Announcement

Subject: NOTIFICATION ON DEALING IN SECURITIES

Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements, Sarawak Cable Berhad ("the Company") wishes to announce that the Company has received notification dated 16 December 2010 from the principal officer of the Company, Ms. Heidi Tiong Lian Hwa in relation to her dealing in the Company's securities as outlined below.



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