PARKSON - Completion of Distribution of Share Dividend
Announcement Type: General Announcement
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Completion of Distribution of Share Dividend
Contents: The Company had on 30 August 2010 announced the distribution of share dividend on the basis of one (1) treasury share for every one hundred (100) ordinary shares of RM1.00 each held in the Company, fractions of treasury shares to be disregarded, based on the entitlement date of 26 November 2010 ("Distribution of Share Dividend").
The Company wishes to announce that for the purposes of the Distribution of Share Dividend which involved a distribution of a total of 10,797,855 treasury shares today, 15 December 2010, 10,797,777 treasury shares have been credited into the respective CDS accounts of the entitled shareholders of the Company and 78 treasury shares are being held by the Company for an entitled shareholder who is registered on the Register of Members ("78 Treasury Shares").
Following the Distribution of Share Dividend, the remaining treasury shares held by the Company as at 15 December 2010 amounted to 2,907,631 treasury shares (excluding the 78 Treasury Shares).
Company Name: PARKSON HOLDINGS BERHAD
Stock Name: PARKSON
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Completion of Distribution of Share Dividend
Contents: The Company had on 30 August 2010 announced the distribution of share dividend on the basis of one (1) treasury share for every one hundred (100) ordinary shares of RM1.00 each held in the Company, fractions of treasury shares to be disregarded, based on the entitlement date of 26 November 2010 ("Distribution of Share Dividend").
The Company wishes to announce that for the purposes of the Distribution of Share Dividend which involved a distribution of a total of 10,797,855 treasury shares today, 15 December 2010, 10,797,777 treasury shares have been credited into the respective CDS accounts of the entitled shareholders of the Company and 78 treasury shares are being held by the Company for an entitled shareholder who is registered on the Register of Members ("78 Treasury Shares").
Following the Distribution of Share Dividend, the remaining treasury shares held by the Company as at 15 December 2010 amounted to 2,907,631 treasury shares (excluding the 78 Treasury Shares).
SSTEEL - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: SOUTHERN STEEL BERHAD
Stock Name: SSTEEL
Date Announced: 15/12/2010
Announcement Detail:
Date of change: 15/12/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: YM Raja Dato' Seri Abdul Aziz bin Raja Salim
Age: 72
Nationality: Malaysian
Qualifications: YM Raja Dato' Seri Abdul Aziz bin Raja Salim is a Honorary Fellow of The Malaysian Institute of Taxation, Fellow of The Chartered Association of Certified Accountants, United Kingdom, Fellow of The Chartered Institute of Management Accountants ("CIMA"), United Kingdom and a Chartered Accountant (Malaysia).
Working experience and occupation: He served as Director-General of Inland Revenue Malaysia from 1980 to 1990 and Accountant-General Malaysia from 1990 to 1995. YM Raja Dato' Seri Abdul Aziz was the President of CIMA, Malaysia from 1976 to 1993 and a Council Member of CIMA, United Kingdom from 1990 to 1996. He was awarded the CIMA Gold Medal in recognition of his outstanding service to the accounting profession.
Directorship of public companies (if any): Gamuda Berhad, Jerneh Asia Bhd, PPB Group Berhad, K & N Kenanga Holdings Berhad, Kenanga Fund Management Berhad, K & N Kenanga Berhad, Amanah Saham Mara Berhad, Panasonic Manufacturing Malaysia Bhd and Hong Leong Industries Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): YM Raja Dato' Seri Abdul Aziz bin Raja Salim (Chairman, Independent & Non-Executive)
Tang Hong Cheong (Member, Non-Independent & Non-Executive)
Remarks: This announcement is dated 15 December 2010.
Company Name: SOUTHERN STEEL BERHAD
Stock Name: SSTEEL
Date Announced: 15/12/2010
Announcement Detail:
Date of change: 15/12/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: YM Raja Dato' Seri Abdul Aziz bin Raja Salim
Age: 72
Nationality: Malaysian
Qualifications: YM Raja Dato' Seri Abdul Aziz bin Raja Salim is a Honorary Fellow of The Malaysian Institute of Taxation, Fellow of The Chartered Association of Certified Accountants, United Kingdom, Fellow of The Chartered Institute of Management Accountants ("CIMA"), United Kingdom and a Chartered Accountant (Malaysia).
Working experience and occupation: He served as Director-General of Inland Revenue Malaysia from 1980 to 1990 and Accountant-General Malaysia from 1990 to 1995. YM Raja Dato' Seri Abdul Aziz was the President of CIMA, Malaysia from 1976 to 1993 and a Council Member of CIMA, United Kingdom from 1990 to 1996. He was awarded the CIMA Gold Medal in recognition of his outstanding service to the accounting profession.
Directorship of public companies (if any): Gamuda Berhad, Jerneh Asia Bhd, PPB Group Berhad, K & N Kenanga Holdings Berhad, Kenanga Fund Management Berhad, K & N Kenanga Berhad, Amanah Saham Mara Berhad, Panasonic Manufacturing Malaysia Bhd and Hong Leong Industries Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Composition of Audit Committee (Name and Directorate of members after change): YM Raja Dato' Seri Abdul Aziz bin Raja Salim (Chairman, Independent & Non-Executive)
Tang Hong Cheong (Member, Non-Independent & Non-Executive)
Remarks: This announcement is dated 15 December 2010.
MAXIS - General Announcement
Announcement Type: General Announcement
Company Name: MAXIS BERHAD
Stock Name: MAXIS
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Related party transactions pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Extension of Shareholders' Loan Agreements
Attachments: Appendix 1.pdf
Company Name: MAXIS BERHAD
Stock Name: MAXIS
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Related party transactions pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Extension of Shareholders' Loan Agreements
Attachments: Appendix 1.pdf
SINDORA - PROPOSED DISPOSAL OF SHARES IN METRO PARKING (HK) LIMITED
Announcement Type: General Announcement
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DISPOSAL OF SHARES IN METRO PARKING (HK) LIMITED
Contents: 1. INTRODUCTION
The Board of Directors ("the Board") of Sindora Berhad ("Sindora" or "the Company") is pleased to announce that Metro Parking (M) Sdn Bhd ("Metro"), a 75% subsidiary of Sindora had on 13 December 2010, disposed shares in Metro Parking (HK) Limited ("Metro HK") as follows:
(i) 2,000,000 ordinary shares of HK$1.00 each representing 40% shareholding for HK$2,000,000 cash or HK$1.00 each to Mr Paul Emmanuel Cornish; and
(ii) 250,000 ordinary shares of HK$1.00 each representing 5% shareholding for HK$250,000 cash or HK$1.00 each to Mr Tyrone Lopez.
Collectively, known as "Proposals". The transactions were completed on the same day. After the Proposals, Metro HK will become a 55% subsidiary of Metro. The highest percentage ratio applicable to the Proposals pursuant to paragraph 10.02(g) of the Listing Requirements is 0.47%.
2. DETAILS OF THE PROPOSALS
2.1 Basis of arriving at the disposal price
The disposal price was arrived at on a "willing-buyer willing-seller" basis after taking into consideration the audited consolidated loss after tax and negative Net Tangible Asset ("NTA") of Metro HK for the financial year ended 31 December 2009 of HK$3,425,424 and HK$1,709,991 respectively, as well as the future earnings potential of Metro HK.
2.2 Cost of investment
The original cost of investment in the sale shares was HK$2,250,000 or HK$1.00 each while the Net Book Value of the sale shares is HK$2,250,000 or HK$1.00 each. The investment was made on 4 July 2007.
2.3 Information on Metro HK
Metro HK is a company incorporated under the Hong Kong Companies Ordinance (Cap 32). Its registered address is Room 9-11, 16th Floor Tai Yung Building, 181, Johnston Road, Wanchai, Hong Kong. The principal activity of Metro HK is the provision of car parking services.
Metro HK has an authorized share capital of HK$6,000,000 divided into 6,000,000 ordinary shares of HK$1.00 each of which 5,000,000 ordinary shares has been issued and fully paid-up.
2.4 Information on purchasers
Mr Paul Emmanuel Cornish, age 52, is the current Chief Executive Officer of Metro HK. Mr Tyrone Lopez, age 52, is the Managing Director and substantial shareholder of Metro Parking (S) Pte Ltd, a subsidiary of Metro. He is also a Director of Metro HK.
2.5 Utilization of proceeds
Metro shall utilize the disposal proceeds for working capital purposes.
3. RATIONALE
The Proposals would facilitate the implementation of Sindora's intrapreneur scheme under Metro HK whereby shares in certain subsidiaries are disposed to selected key management personnel to encourage entrepreneurship. The Proposals would also reduce Metro's exposure to Hong Kong operations which is currently loss making.
4. FINANCIAL EFFECTS
The Proposals will not have any effect on the issued and paid-up share capital and major shareholder's shareholdings of Sindora, and is not expected to have a material effect on the NTA per share and earnings per share of Sindora Group for the financial year ending 31 December 2010. However, the Sindora Group will record a foreign exchange loss of RM84,354 for the financial year ending 31 December 2010.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
As at the date of this announcement, save as disclosed below, none of the Directors, major shareholders of Sindora, and persons connected to them has any interest, direct or indirect, in relation to the Proposals.
Mr Paul Emmanuel Cornish is the current Chief Executive Officer of Metro HK. Mr Tyrone Lopez is the Managing Director and substantial shareholder of Metro Parking (S) Pte Ltd, a subsidiary of Metro. He is also a Director of Metro HK. Neither Mr Paul Emmanuel Cornish nor Mr Tyrone Lopez is a Director or shareholder of Sindora or Metro.
6. DIRECTORS' STATEMENT
Having considered all aspects of the transaction, the Board of Sindora is of the opinion that the Proposals is in the best interest of the Company.
7. AUDIT COMMITTEE'S STATEMENT
The Audit Committee of the Company after having considered all aspects of the Proposals (including but not limited to the rationale and financial effects), is of the opinion that the Proposals are:
(i) in the best interest of the Company;
(ii) fair, reasonable and on normal commercial terms; and
(iii) not detrimental to the interests of the minority shareholders.
8. DEPARTURE FROM EQUITY GUIDELINES OF THE SECURITIES COMMISSION ("SC GUIDELINES")
To the best knowledge of the Board of Sindora, the Proposals do not depart from SC Guidelines.
9. APPROVALS REQUIRED
The Proposals are not subject to the approvals of Sindora shareholders or relevant authorities.
This announcement is dated 15 December 2010.
Company Name: SINDORA BERHAD
Stock Name: SINDORA
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DISPOSAL OF SHARES IN METRO PARKING (HK) LIMITED
Contents: 1. INTRODUCTION
The Board of Directors ("the Board") of Sindora Berhad ("Sindora" or "the Company") is pleased to announce that Metro Parking (M) Sdn Bhd ("Metro"), a 75% subsidiary of Sindora had on 13 December 2010, disposed shares in Metro Parking (HK) Limited ("Metro HK") as follows:
(i) 2,000,000 ordinary shares of HK$1.00 each representing 40% shareholding for HK$2,000,000 cash or HK$1.00 each to Mr Paul Emmanuel Cornish; and
(ii) 250,000 ordinary shares of HK$1.00 each representing 5% shareholding for HK$250,000 cash or HK$1.00 each to Mr Tyrone Lopez.
Collectively, known as "Proposals". The transactions were completed on the same day. After the Proposals, Metro HK will become a 55% subsidiary of Metro. The highest percentage ratio applicable to the Proposals pursuant to paragraph 10.02(g) of the Listing Requirements is 0.47%.
2. DETAILS OF THE PROPOSALS
2.1 Basis of arriving at the disposal price
The disposal price was arrived at on a "willing-buyer willing-seller" basis after taking into consideration the audited consolidated loss after tax and negative Net Tangible Asset ("NTA") of Metro HK for the financial year ended 31 December 2009 of HK$3,425,424 and HK$1,709,991 respectively, as well as the future earnings potential of Metro HK.
2.2 Cost of investment
The original cost of investment in the sale shares was HK$2,250,000 or HK$1.00 each while the Net Book Value of the sale shares is HK$2,250,000 or HK$1.00 each. The investment was made on 4 July 2007.
2.3 Information on Metro HK
Metro HK is a company incorporated under the Hong Kong Companies Ordinance (Cap 32). Its registered address is Room 9-11, 16th Floor Tai Yung Building, 181, Johnston Road, Wanchai, Hong Kong. The principal activity of Metro HK is the provision of car parking services.
Metro HK has an authorized share capital of HK$6,000,000 divided into 6,000,000 ordinary shares of HK$1.00 each of which 5,000,000 ordinary shares has been issued and fully paid-up.
2.4 Information on purchasers
Mr Paul Emmanuel Cornish, age 52, is the current Chief Executive Officer of Metro HK. Mr Tyrone Lopez, age 52, is the Managing Director and substantial shareholder of Metro Parking (S) Pte Ltd, a subsidiary of Metro. He is also a Director of Metro HK.
2.5 Utilization of proceeds
Metro shall utilize the disposal proceeds for working capital purposes.
3. RATIONALE
The Proposals would facilitate the implementation of Sindora's intrapreneur scheme under Metro HK whereby shares in certain subsidiaries are disposed to selected key management personnel to encourage entrepreneurship. The Proposals would also reduce Metro's exposure to Hong Kong operations which is currently loss making.
4. FINANCIAL EFFECTS
The Proposals will not have any effect on the issued and paid-up share capital and major shareholder's shareholdings of Sindora, and is not expected to have a material effect on the NTA per share and earnings per share of Sindora Group for the financial year ending 31 December 2010. However, the Sindora Group will record a foreign exchange loss of RM84,354 for the financial year ending 31 December 2010.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
As at the date of this announcement, save as disclosed below, none of the Directors, major shareholders of Sindora, and persons connected to them has any interest, direct or indirect, in relation to the Proposals.
Mr Paul Emmanuel Cornish is the current Chief Executive Officer of Metro HK. Mr Tyrone Lopez is the Managing Director and substantial shareholder of Metro Parking (S) Pte Ltd, a subsidiary of Metro. He is also a Director of Metro HK. Neither Mr Paul Emmanuel Cornish nor Mr Tyrone Lopez is a Director or shareholder of Sindora or Metro.
6. DIRECTORS' STATEMENT
Having considered all aspects of the transaction, the Board of Sindora is of the opinion that the Proposals is in the best interest of the Company.
7. AUDIT COMMITTEE'S STATEMENT
The Audit Committee of the Company after having considered all aspects of the Proposals (including but not limited to the rationale and financial effects), is of the opinion that the Proposals are:
(i) in the best interest of the Company;
(ii) fair, reasonable and on normal commercial terms; and
(iii) not detrimental to the interests of the minority shareholders.
8. DEPARTURE FROM EQUITY GUIDELINES OF THE SECURITIES COMMISSION ("SC GUIDELINES")
To the best knowledge of the Board of Sindora, the Proposals do not depart from SC Guidelines.
9. APPROVALS REQUIRED
The Proposals are not subject to the approvals of Sindora shareholders or relevant authorities.
This announcement is dated 15 December 2010.
TEKALA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,100
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.740
Total consideration paid ($$): 813.00
Number of shares purchased retained in treasury (units): 1,100
Cumulative net outstanding treasury shares as at to-date (units): 11,714,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 7.66
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 15/12/2010
Announcement Detail:
Date of buy back: 15/12/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 1,100
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.740
Total consideration paid ($$): 813.00
Number of shares purchased retained in treasury (units): 1,100
Cumulative net outstanding treasury shares as at to-date (units): 11,714,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 7.66
WOODLAN - General Announcement
Announcement Type: General Announcement
Company Name: WOODLANDOR HOLDINGS BHD
Stock Name: WOODLAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Woodlandor Holdings Berhad ("Company")
- Shah Alam High Court Suit No. D3-22-1148-2001
Woodlandor Roof Systems Sdn. Bhd. vs CIMB Bank Berhad
Contents: Further to the announcement dated 1 December 2010 on the status of the subject suit involving the Company's wholly-owned subsidiary, Woodlandor Roof System Sdn. Bhd., the Company wishes to announce that at the case management held on 14 December 2010, the court has fixed 7 January 2011 for next case management before Deputy Registrar and 21 January 2011 for hearing before Judge.
Company Name: WOODLANDOR HOLDINGS BHD
Stock Name: WOODLAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Woodlandor Holdings Berhad ("Company")
- Shah Alam High Court Suit No. D3-22-1148-2001
Woodlandor Roof Systems Sdn. Bhd. vs CIMB Bank Berhad
Contents: Further to the announcement dated 1 December 2010 on the status of the subject suit involving the Company's wholly-owned subsidiary, Woodlandor Roof System Sdn. Bhd., the Company wishes to announce that at the case management held on 14 December 2010, the court has fixed 7 January 2011 for next case management before Deputy Registrar and 21 January 2011 for hearing before Judge.
ZECON - Zecon Berhad ("Zecon" or "the Company") Matang's sukuk on MARCWatch Negative"
Announcement Type: General Announcement
Company Name: ZECON BERHAD
Stock Name: ZECON
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Zecon Berhad ("Zecon" or "the Company")
Matang's sukuk on MARCWatch Negative"
Contents: We refer to the articles titled "Matang's sukuk on MARCWatch Negative" appearing in the Star and titled "Matang's debt on MARCWatch Negative" in the Business Times both on 14 December 2010.
The Matang's sukuk was undertaken by Matang Highway Sdn Bhd, a wholly owned subsidiary of Zecon.
The Board of Directors of Zecon wishes to clarify that Malaysian Rating Corporation Berhad's ("MARC") statement regarding their concern about Matang's purported inability to adequately meet the May 2011 redemption of the remaining RM15 million outstanding sukuk is entirely unfounded and not true.
We regret MARC's wrong choice of words especially the irresponsible play of words of "outstanding" and "remaining".
First and foremost, the sukuk matures only in May 2011. It is currently not payable and therefore not at all outstanding in any way. Payment is outstanding when it passes a payment date. Since payment date is in May 2011, the sukuk is not outstanding.
The article also gives the impression that there is a remaining sum of RM15 million to be paid into the various designated accounts, namely, the Sinking Fund Account ("SFA") and the Finance Service Ratio Account ("FSRA").
We wish to state that so far, a sum of RM13.056 million has been remitted into the various designated accounts leaving a balance of RM1.898 million. Accordingly, the sum remaining is not RM15 million but a mere RM1.898 million.
We further wish to state that there are currently two (2) duly certified progress claims in hand amounting to RM5.55 million which are awaiting payment by our client for the said project. All payments will be made through the designated accounts. When paid, the amount from these two (2) certificates will more than cover the purported shortfall of RM1.898 million.
As regards MARC's statement that the Matang route continues to be substantially behind schedule, let it be known that as at 31 August 2010, the actual progress was at 28.34% against the client's targeted progress of 33.72% as reflected in the approved work programme.
In the premises, we regret MARC's statement as reported in the article and hope all be guided by our statement herein.
A press release to correct MARC's statement will be released tomorrow.
This announcement is dated 15 December 2010.
Company Name: ZECON BERHAD
Stock Name: ZECON
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: Zecon Berhad ("Zecon" or "the Company")
Matang's sukuk on MARCWatch Negative"
Contents: We refer to the articles titled "Matang's sukuk on MARCWatch Negative" appearing in the Star and titled "Matang's debt on MARCWatch Negative" in the Business Times both on 14 December 2010.
The Matang's sukuk was undertaken by Matang Highway Sdn Bhd, a wholly owned subsidiary of Zecon.
The Board of Directors of Zecon wishes to clarify that Malaysian Rating Corporation Berhad's ("MARC") statement regarding their concern about Matang's purported inability to adequately meet the May 2011 redemption of the remaining RM15 million outstanding sukuk is entirely unfounded and not true.
We regret MARC's wrong choice of words especially the irresponsible play of words of "outstanding" and "remaining".
First and foremost, the sukuk matures only in May 2011. It is currently not payable and therefore not at all outstanding in any way. Payment is outstanding when it passes a payment date. Since payment date is in May 2011, the sukuk is not outstanding.
The article also gives the impression that there is a remaining sum of RM15 million to be paid into the various designated accounts, namely, the Sinking Fund Account ("SFA") and the Finance Service Ratio Account ("FSRA").
We wish to state that so far, a sum of RM13.056 million has been remitted into the various designated accounts leaving a balance of RM1.898 million. Accordingly, the sum remaining is not RM15 million but a mere RM1.898 million.
We further wish to state that there are currently two (2) duly certified progress claims in hand amounting to RM5.55 million which are awaiting payment by our client for the said project. All payments will be made through the designated accounts. When paid, the amount from these two (2) certificates will more than cover the purported shortfall of RM1.898 million.
As regards MARC's statement that the Matang route continues to be substantially behind schedule, let it be known that as at 31 August 2010, the actual progress was at 28.34% against the client's targeted progress of 33.72% as reflected in the approved work programme.
In the premises, we regret MARC's statement as reported in the article and hope all be guided by our statement herein.
A press release to correct MARC's statement will be released tomorrow.
This announcement is dated 15 December 2010.
ATLAN - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: ATLAN HOLDINGS BHD ("ATLAN" OR THE "COMPANY")
? Proposed reverse take-over of Esmart Holdings Limited, a public limited company listed on the Catalist board of Singapore Exchange Securities Trading Limited ("SGX-ST"), by Atlan via the injection of its two (2) subsidiaries, namely DFZ Capital Berhad ("DFZ") and Darul Metro Sdn Bhd ("Darul Metro") ("Proposal")
Contents: We refer to the earlier announcements dated 28 June 2010 and 30 June 2010 in relation to the Proposal.
On behalf of the Board of Directors of Atlan, AFFIN Investment Bank Berhad is pleased to announce that the shareholders of the Company had at the Extraordinary General Meeting ("EGM") held on Wednesday, 15 December 2010, approved the ordinary resolution as set out in the Notice of EGM dated 30 November 2010 in relation to the Proposal.
This announcement is dated 15 December 2010.
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: ATLAN HOLDINGS BHD ("ATLAN" OR THE "COMPANY")
? Proposed reverse take-over of Esmart Holdings Limited, a public limited company listed on the Catalist board of Singapore Exchange Securities Trading Limited ("SGX-ST"), by Atlan via the injection of its two (2) subsidiaries, namely DFZ Capital Berhad ("DFZ") and Darul Metro Sdn Bhd ("Darul Metro") ("Proposal")
Contents: We refer to the earlier announcements dated 28 June 2010 and 30 June 2010 in relation to the Proposal.
On behalf of the Board of Directors of Atlan, AFFIN Investment Bank Berhad is pleased to announce that the shareholders of the Company had at the Extraordinary General Meeting ("EGM") held on Wednesday, 15 December 2010, approved the ordinary resolution as set out in the Notice of EGM dated 30 November 2010 in relation to the Proposal.
This announcement is dated 15 December 2010.
NHFATT - MEMBER'S VOLUNTARY WINDING-UP OF ADVANCESOFT ICT SDN BHD
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: NEW HOONG FATT HOLDINGS BERHAD
Stock Name: NHFATT
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: MEMBER'S VOLUNTARY WINDING-UP OF ADVANCESOFT ICT SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors ("Board") of New Hoong Fatt Holdings Berhad ("NHF") wishes to announce that AdvanceSoft ICT Sdn Bhd ("AS ICT") [Company No. 298946-U], its wholly-owned subsidiary had on 15 December 2010 commenced the member's voluntary winding-up ("Winding-Up") pursuant to Section 254(1)(b) of the Companies Act, 1965. In connection therewith, Madam Foong Wai Lin, a Chartered Accountant, of 4th Floor, Bangunan Fung Keong, 108 Jalan Tun H S Lee, 50000 Kuala Lumpur has been appointed as the Liquidator for the purposes of the Winding-Up on the same day.
2. INFORMATION OF AS ICT
AS ICT was incorporated in Malaysia under the Companies Act, 1965 on 6 May 1994. Its principal activity was dealing in computer software, consultancy and management services. AS ICT ceased operations and became dormant as a result of the streamlining exercise of the Group's information technology infrastructure.
3. RATIONALE FOR THE WINDING-UP
Given that there is no intention for AS ICT to carry on any business activity, the Board is of the opinion that it is cost effective to dissolve AS ICT.
4. FINANCIAL OR OPERATIONAL EFFECTS OF THE WINDING-UP
The Winding-Up will not have any financial or operational effects on NHF Group.
5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST
None of the Directors and Substantial Shareholders of NHF or persons connected with them has any interest, direct or indirect, in the Winding-Up.
This announcement is dated 15 December 2010.
Submitting Merchant Bank: -
Company Name: NEW HOONG FATT HOLDINGS BERHAD
Stock Name: NHFATT
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: MEMBER'S VOLUNTARY WINDING-UP OF ADVANCESOFT ICT SDN BHD
Contents: 1. INTRODUCTION
The Board of Directors ("Board") of New Hoong Fatt Holdings Berhad ("NHF") wishes to announce that AdvanceSoft ICT Sdn Bhd ("AS ICT") [Company No. 298946-U], its wholly-owned subsidiary had on 15 December 2010 commenced the member's voluntary winding-up ("Winding-Up") pursuant to Section 254(1)(b) of the Companies Act, 1965. In connection therewith, Madam Foong Wai Lin, a Chartered Accountant, of 4th Floor, Bangunan Fung Keong, 108 Jalan Tun H S Lee, 50000 Kuala Lumpur has been appointed as the Liquidator for the purposes of the Winding-Up on the same day.
2. INFORMATION OF AS ICT
AS ICT was incorporated in Malaysia under the Companies Act, 1965 on 6 May 1994. Its principal activity was dealing in computer software, consultancy and management services. AS ICT ceased operations and became dormant as a result of the streamlining exercise of the Group's information technology infrastructure.
3. RATIONALE FOR THE WINDING-UP
Given that there is no intention for AS ICT to carry on any business activity, the Board is of the opinion that it is cost effective to dissolve AS ICT.
4. FINANCIAL OR OPERATIONAL EFFECTS OF THE WINDING-UP
The Winding-Up will not have any financial or operational effects on NHF Group.
5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST
None of the Directors and Substantial Shareholders of NHF or persons connected with them has any interest, direct or indirect, in the Winding-Up.
This announcement is dated 15 December 2010.
TAKASO - General Announcement
Announcement Type: General Announcement
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: TAKASO REOSURCES BERHAD ("TAKASO" OR "THE COMPANY")
DISPOSAL OF LSR TECHNOLOGY SDN. BHD. ("LSR"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Contents: The Board of Directors of the Company ("Board") wishes to announce that the Company has on 15 December, 2010 entered into a Sale and Purchase Agreement with Pavilion Retail Sdn. Bhd. ("PR") (Company No. 901666-K), an unrelated third party, to dispose its entire equity interest in LSR, a wholly-owned subsidiary of Takaso for a cash consideration of RM275, 262/- (hereinafter referred to as "the Disposal").
The consideration was arrived at on a "willing buyer-willing seller" basis after taking into consideration the audited net assets of LSR as at 31 July, 2010 of RM275, 262/-. Pursuant to the Disposal, LSR will cease to be a subsidiary company of Takaso.
LSR is a private limited company incorporated in Malaysia on 19 July, 1996 pursuant to the Company Act, 1965 and having its registered office at No.4-1, Kompleks Niaga Melaka Perdana, Jln. KNMP 3, Bukit Katil, 75450 Melaka. The authorised share capital of LSR is RM500,000/- divided into 500,000 ordinary shares of RM1/- each in LSR ("LSR Shares") of which RM200,002/- comprising 200,002 LSR Shares have been issued and fully paid-up. LSR is principally engaged in the business of manufacturing and repairing of moulds, components, articles and other related products. Based on the latest audited financial results of LSR, at the financial year ended 31 July, 2010, the net assets of LSR was RM275, 262/-.
PR is a private limited company incorporated in Malaysia on 19 May, 2010 pursuant to the Company Act, 1965 and having its business address at 2-K003, 3-1T-K019, Plaza Low Yat, No. 7, Jalan Bintang, Off Jalan Bukit Bintang, 55100 Kuala Lumpur. The registered address for PR at 28, Ground Floor, Persiaran Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur. The authorised share capital of PR is RM100,000/- divided into 100,000 ordinary shares of RM1/- each in PR ("PR Shares") of which RM2/- comprising 2 PR Shares have been issued and fully paid-up]. PR is principally engaged in the business of investment holding . The shareholders of PR are Lee Seng Peng ("LSP") and Chew Boon Siang ("CBS") each holds 50% equity interests in PR. The directors of PR are LSP and CBS.
The Disposal will not have any material effect on the earnings per share, net assets per share and gearing of Takaso and its subsidiary companies for the financial year ending 31 July, 2011. The Disposal will not have any effect on the share capital and substantial shareholders' shareholding of Takaso as the Disposal does not involve any issuance of new shares by Takaso. None of the Directors and/or major shareholders and/or persons connected to them has any interest, direct or indirect, in the Disposal.
This announcement is dated 15 December, 2010
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 15/12/2010
Announcement Detail:
Type: Announcement
Subject: TAKASO REOSURCES BERHAD ("TAKASO" OR "THE COMPANY")
DISPOSAL OF LSR TECHNOLOGY SDN. BHD. ("LSR"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Contents: The Board of Directors of the Company ("Board") wishes to announce that the Company has on 15 December, 2010 entered into a Sale and Purchase Agreement with Pavilion Retail Sdn. Bhd. ("PR") (Company No. 901666-K), an unrelated third party, to dispose its entire equity interest in LSR, a wholly-owned subsidiary of Takaso for a cash consideration of RM275, 262/- (hereinafter referred to as "the Disposal").
The consideration was arrived at on a "willing buyer-willing seller" basis after taking into consideration the audited net assets of LSR as at 31 July, 2010 of RM275, 262/-. Pursuant to the Disposal, LSR will cease to be a subsidiary company of Takaso.
LSR is a private limited company incorporated in Malaysia on 19 July, 1996 pursuant to the Company Act, 1965 and having its registered office at No.4-1, Kompleks Niaga Melaka Perdana, Jln. KNMP 3, Bukit Katil, 75450 Melaka. The authorised share capital of LSR is RM500,000/- divided into 500,000 ordinary shares of RM1/- each in LSR ("LSR Shares") of which RM200,002/- comprising 200,002 LSR Shares have been issued and fully paid-up. LSR is principally engaged in the business of manufacturing and repairing of moulds, components, articles and other related products. Based on the latest audited financial results of LSR, at the financial year ended 31 July, 2010, the net assets of LSR was RM275, 262/-.
PR is a private limited company incorporated in Malaysia on 19 May, 2010 pursuant to the Company Act, 1965 and having its business address at 2-K003, 3-1T-K019, Plaza Low Yat, No. 7, Jalan Bintang, Off Jalan Bukit Bintang, 55100 Kuala Lumpur. The registered address for PR at 28, Ground Floor, Persiaran Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur. The authorised share capital of PR is RM100,000/- divided into 100,000 ordinary shares of RM1/- each in PR ("PR Shares") of which RM2/- comprising 2 PR Shares have been issued and fully paid-up]. PR is principally engaged in the business of investment holding . The shareholders of PR are Lee Seng Peng ("LSP") and Chew Boon Siang ("CBS") each holds 50% equity interests in PR. The directors of PR are LSP and CBS.
The Disposal will not have any material effect on the earnings per share, net assets per share and gearing of Takaso and its subsidiary companies for the financial year ending 31 July, 2011. The Disposal will not have any effect on the share capital and substantial shareholders' shareholding of Takaso as the Disposal does not involve any issuance of new shares by Takaso. None of the Directors and/or major shareholders and/or persons connected to them has any interest, direct or indirect, in the Disposal.
This announcement is dated 15 December, 2010
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