SERSOL - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: SERSOL TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SERSOL
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: SERSOL TECHNOLOGIES BERHAD ("SERSOL" OR "COMPANY")
PROPOSALS TO FACILITATE THE COMPLIANCE WITH THE BUMIPUTERA EQUITY CONDITION COMPRISING:
(I) PROPOSED SPECIAL BUMIPUTERA ISSUE;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(III) PROPOSED M&A AMENDEMNT.
Contents: We refer to the announcements dated 17 May 2010, 6 July 2010 and 21 July 2010 in relation to the compliance with the Bumiputera equity condition.
In order to facilitate the compliance with the Bumiputera equity condition, PM Securities Sdn Bhd on behalf of the Board of Directors of SerSol wishes to announce that the Company proposes to undertake the following:
(i) The issuance of up to 8,064,000 new ordinary shares of RM0.10 each in SerSol ("SerSol Shares"), representing approximately 8.5% of the existing issued and paid-up share capital of SerSol, at an issue price to be determined later to the Bumiputera investors to be nominated by the Ministry of International Trade and Industry ("MITI") which fall within the ambit of Schedules 6 and 7 of the Capital Markets and Services Act 2007 ("MITI Nominated Bumiputera Investors") ("Proposed Special Bumiputera Issue") such that the total Bumiputera equity interest in the Company after the Proposed Special Bumiputera Issue and the existing 4,810,700 SerSol Shares held by the existing Bumiputera investors recognised by the MITI pursuant to the letter of approval from the MITI dated 20 July 2010 will aggregate to 12.5% of the enlarged issued and paid-up share capital of SerSol;
(ii) An increase in its authorised share capital from RM10,000,000 comprising 100,000,000 SerSol Shares to RM25,000,000 comprising 250,000,000 SerSol Shares ("Proposed Increase in Authorised Share Capital") to facilitate the Proposed Special Bumiputera Issue in the event the MITI Nominated Bumiputera Investors subscribe for more than 5,069,000 new SerSol Shares. The Proposed Increase in Authorised Share Capital will cater for the issuance of more than 5,069,000 new SerSol Shares pursuant to the Proposed Special Bumiputera Issue as well as to cater for any future issuance of new SerSol Shares; and
(iii) An amendment to its Memorandum & Articles of Association to effect the Proposed Increase in Authorised Share Capital if the Proposed Increase in Authorised Share Capital is undertaken.
The full text of the announcement is attached herein for your attention.
Attachments: SerSol announcement.pdf
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: SERSOL TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SERSOL
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: SERSOL TECHNOLOGIES BERHAD ("SERSOL" OR "COMPANY")
PROPOSALS TO FACILITATE THE COMPLIANCE WITH THE BUMIPUTERA EQUITY CONDITION COMPRISING:
(I) PROPOSED SPECIAL BUMIPUTERA ISSUE;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(III) PROPOSED M&A AMENDEMNT.
Contents: We refer to the announcements dated 17 May 2010, 6 July 2010 and 21 July 2010 in relation to the compliance with the Bumiputera equity condition.
In order to facilitate the compliance with the Bumiputera equity condition, PM Securities Sdn Bhd on behalf of the Board of Directors of SerSol wishes to announce that the Company proposes to undertake the following:
(i) The issuance of up to 8,064,000 new ordinary shares of RM0.10 each in SerSol ("SerSol Shares"), representing approximately 8.5% of the existing issued and paid-up share capital of SerSol, at an issue price to be determined later to the Bumiputera investors to be nominated by the Ministry of International Trade and Industry ("MITI") which fall within the ambit of Schedules 6 and 7 of the Capital Markets and Services Act 2007 ("MITI Nominated Bumiputera Investors") ("Proposed Special Bumiputera Issue") such that the total Bumiputera equity interest in the Company after the Proposed Special Bumiputera Issue and the existing 4,810,700 SerSol Shares held by the existing Bumiputera investors recognised by the MITI pursuant to the letter of approval from the MITI dated 20 July 2010 will aggregate to 12.5% of the enlarged issued and paid-up share capital of SerSol;
(ii) An increase in its authorised share capital from RM10,000,000 comprising 100,000,000 SerSol Shares to RM25,000,000 comprising 250,000,000 SerSol Shares ("Proposed Increase in Authorised Share Capital") to facilitate the Proposed Special Bumiputera Issue in the event the MITI Nominated Bumiputera Investors subscribe for more than 5,069,000 new SerSol Shares. The Proposed Increase in Authorised Share Capital will cater for the issuance of more than 5,069,000 new SerSol Shares pursuant to the Proposed Special Bumiputera Issue as well as to cater for any future issuance of new SerSol Shares; and
(iii) An amendment to its Memorandum & Articles of Association to effect the Proposed Increase in Authorised Share Capital if the Proposed Increase in Authorised Share Capital is undertaken.
The full text of the announcement is attached herein for your attention.
Attachments: SerSol announcement.pdf
GDEX - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: GD EXPRESS CARRIER BERHAD (ACE Market)
Stock Name: GDEX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: GD EXPRESS CARRIER BERHAD ("GDEX")
(i) Proposed Special Bumiputera Issue
(ii) Proposed Free Warrants Issue
(collectively referred to as the "Proposals")
Contents: We refer to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of GDEX, Hong Leong Investment Bank Berhad is pleased to announce that Bank Negara Malaysia had, via its letter dated 13 December 2010 (which was received on 16 December 2010), approved the issuance of Free Warrants to the non-resident shareholders of GDEX and such additional Free Warrants which may be issued subject to adjustments in accordance to the provisions of the deed poll constituting the Free Warrants.
This announcement is dated 20 December 2010.
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: GD EXPRESS CARRIER BERHAD (ACE Market)
Stock Name: GDEX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: GD EXPRESS CARRIER BERHAD ("GDEX")
(i) Proposed Special Bumiputera Issue
(ii) Proposed Free Warrants Issue
(collectively referred to as the "Proposals")
Contents: We refer to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of GDEX, Hong Leong Investment Bank Berhad is pleased to announce that Bank Negara Malaysia had, via its letter dated 13 December 2010 (which was received on 16 December 2010), approved the issuance of Free Warrants to the non-resident shareholders of GDEX and such additional Free Warrants which may be issued subject to adjustments in accordance to the provisions of the deed poll constituting the Free Warrants.
This announcement is dated 20 December 2010.
MTOUCHE - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MTOUCHE TECHNOLOGY BERHAD (ACE Market)
Stock Name: MTOUCHE
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 279,200
Minimum price paid for each share purchased ($$): 0.250
Maximum price paid for each share purchased ($$): 0.260
Total consideration paid ($$): 70,647.90
Number of shares purchased retained in treasury (units): 279,200
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 9,747,500
Adjusted issued capital after cancellation (no. of shares) (units): 242,828,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.01
Company Name: MTOUCHE TECHNOLOGY BERHAD (ACE Market)
Stock Name: MTOUCHE
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 279,200
Minimum price paid for each share purchased ($$): 0.250
Maximum price paid for each share purchased ($$): 0.260
Total consideration paid ($$): 70,647.90
Number of shares purchased retained in treasury (units): 279,200
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 9,747,500
Adjusted issued capital after cancellation (no. of shares) (units): 242,828,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.01
CARLAW - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" OR "COMPANY")
EXTENSION OF TIME TO COMPLY WITH RULES 15.02 AND 15.09 OF THE BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS
Contents: We refer to the announcements made on 2 September 2009, 23 September 2009, 4 November 2009, 18 January 2010, 12 April 2010, 3 August 2010 and 6 September 2010 in relation to the change in Boardroom and in the Audit Committee in HDM. M&A Securities Sdn Bhd, on behalf of the Board of Directors of HDM wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has vide its letter dated 16 December 2010 granted the Company a further extension of time until 30 June 2011 or one (1) month from the date of approval from Bursa Securities on HDM's regularisation plan, whichever is earlier, to comply with Rules 15.02 and 15.09 of the ACE Market Listing Requirements.
This announcement is dated 20 December 2010.
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" OR "COMPANY")
EXTENSION OF TIME TO COMPLY WITH RULES 15.02 AND 15.09 OF THE BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS
Contents: We refer to the announcements made on 2 September 2009, 23 September 2009, 4 November 2009, 18 January 2010, 12 April 2010, 3 August 2010 and 6 September 2010 in relation to the change in Boardroom and in the Audit Committee in HDM. M&A Securities Sdn Bhd, on behalf of the Board of Directors of HDM wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has vide its letter dated 16 December 2010 granted the Company a further extension of time until 30 June 2011 or one (1) month from the date of approval from Bursa Securities on HDM's regularisation plan, whichever is earlier, to comply with Rules 15.02 and 15.09 of the ACE Market Listing Requirements.
This announcement is dated 20 December 2010.
FRONTKN - Clarification of Article in The Edge
Announcement Type: General Announcement
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Clarification of Article in The Edge
Contents: We refer to the article in The Edge dated 20 December 2010 entitled "Frontken mulls asset restructuring" wherein the Chairman of Frontken Corporation Berhad ("Frontken" or "Company") was quoted as saying that the recent acquisition of shares in Ares Green Technology Corporation ("AGTC") "allows Frontken to explore a more effective way to consolidate its global semiconductor, solar, TFT-LCD technological support services".
Frontken wishes to clarify that the Company is constantly exploring ways to streamline the operating structure within the Group (being the Company and its subsidiaries collectively) so as to be more focused as a group within the operating units and allow greater synergy. Following the recent acquisition of additional equity interest in AGTC, Frontken may, subject to further evaluation, consider the option of consolidating the Group's semiconductor business units into a streamlined operating unit under AGTC. However, no decision has been made in respect of any reorganisation proposal at this juncture.
Appropriate announcement would be made as and when required.
This announcement is dated 20 December 2010.
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Clarification of Article in The Edge
Contents: We refer to the article in The Edge dated 20 December 2010 entitled "Frontken mulls asset restructuring" wherein the Chairman of Frontken Corporation Berhad ("Frontken" or "Company") was quoted as saying that the recent acquisition of shares in Ares Green Technology Corporation ("AGTC") "allows Frontken to explore a more effective way to consolidate its global semiconductor, solar, TFT-LCD technological support services".
Frontken wishes to clarify that the Company is constantly exploring ways to streamline the operating structure within the Group (being the Company and its subsidiaries collectively) so as to be more focused as a group within the operating units and allow greater synergy. Following the recent acquisition of additional equity interest in AGTC, Frontken may, subject to further evaluation, consider the option of consolidating the Group's semiconductor business units into a streamlined operating unit under AGTC. However, no decision has been made in respect of any reorganisation proposal at this juncture.
Appropriate announcement would be made as and when required.
This announcement is dated 20 December 2010.
GENP - INCORPORATION OF A NEW WHOLLY-OWNED SUBSIDIARY BY GENTING PLANTATIONS BERHAD
Announcement Type: General Announcement
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: INCORPORATION OF A NEW WHOLLY-OWNED SUBSIDIARY BY GENTING PLANTATIONS BERHAD
Contents: Genting Plantations Berhad ("the Company") wishes to inform that it has incorporated Genting Biotech Sdn Bhd as its new wholly-owned subsidiary in Malaysia. The aforesaid new subsidiary was incorporated on 17 December 2010 with an issued and paid-up capital of RM2/- comprising 2 ordinary shares of RM1/- each for investment purpose.
None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid incorporation.
The aforesaid new subsidiary is not expected to have any effect on the group's profit for 2010.
This announcement is dated 20 December 2010
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: INCORPORATION OF A NEW WHOLLY-OWNED SUBSIDIARY BY GENTING PLANTATIONS BERHAD
Contents: Genting Plantations Berhad ("the Company") wishes to inform that it has incorporated Genting Biotech Sdn Bhd as its new wholly-owned subsidiary in Malaysia. The aforesaid new subsidiary was incorporated on 17 December 2010 with an issued and paid-up capital of RM2/- comprising 2 ordinary shares of RM1/- each for investment purpose.
None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid incorporation.
The aforesaid new subsidiary is not expected to have any effect on the group's profit for 2010.
This announcement is dated 20 December 2010
GENP - General Announcement
Announcement Type: General Announcement
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: GENTING PLANTATIONS BERHAD
UPDATE ON PROPOSED JOINT VENTURES FOR OIL PALM CULTIVATION IN KALIMANTAN, REPUBLIC OF INDONESIA
Contents: .
Attachments: Announcement - PT SAP Completion.pdf
Company Name: GENTING PLANTATIONS BERHAD
Stock Name: GENP
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: GENTING PLANTATIONS BERHAD
UPDATE ON PROPOSED JOINT VENTURES FOR OIL PALM CULTIVATION IN KALIMANTAN, REPUBLIC OF INDONESIA
Contents: .
Attachments: Announcement - PT SAP Completion.pdf
BJLAND - Quarterly rpt on consolidated results for the financial period ended 31/10/2010
Announcement Type: Financial Results
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 20/12/2010
Announcement Detail:
Financial Year End: 30/04/2011
Quarter: 2
Quarterly report for the financial period ended: 31/10/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 20/12/2010
Announcement Detail:
Financial Year End: 30/04/2011
Quarter: 2
Quarterly report for the financial period ended: 31/10/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
GENM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GENTING MALAYSIA BERHAD
Stock Name: GENM
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 700,000
Minimum price paid for each share purchased ($$): 3.280
Maximum price paid for each share purchased ($$): 3.290
Total consideration paid ($$): 2,308,763.21
Number of shares purchased retained in treasury (units): 700,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 247,818,600
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.19
Remarks: Genting Malaysia Berhad ("Company") today acquired 700,000 shares at a total consideration of RM2,308,763.21 and at an average price of RM3.30 each, inclusive of transaction costs. This share buy-back is part of the Company's continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company's shareholders on 9 June 2010.
Based on the Company's issued and paid-up share capital of 5,915,149,648 ordinary shares as at 20 December 2010, and after taking into account the cumulative net outstanding treasury shares to-date of 247,818,600 (representing approximately 4.19% of the issued and paid-up share capital), the Company intends to purchase up to a further 343,696,365 of its shares (representing approximately 5.81% of the issued and paid-up share capital) within the next 6 months.
Company Name: GENTING MALAYSIA BERHAD
Stock Name: GENM
Date Announced: 20/12/2010
Announcement Detail:
Date of buy back: 20/12/2010
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 700,000
Minimum price paid for each share purchased ($$): 3.280
Maximum price paid for each share purchased ($$): 3.290
Total consideration paid ($$): 2,308,763.21
Number of shares purchased retained in treasury (units): 700,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 247,818,600
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.19
Remarks: Genting Malaysia Berhad ("Company") today acquired 700,000 shares at a total consideration of RM2,308,763.21 and at an average price of RM3.30 each, inclusive of transaction costs. This share buy-back is part of the Company's continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company's shareholders on 9 June 2010.
Based on the Company's issued and paid-up share capital of 5,915,149,648 ordinary shares as at 20 December 2010, and after taking into account the cumulative net outstanding treasury shares to-date of 247,818,600 (representing approximately 4.19% of the issued and paid-up share capital), the Company intends to purchase up to a further 343,696,365 of its shares (representing approximately 5.81% of the issued and paid-up share capital) within the next 6 months.
SCIENTX - Members' Voluntary Winding-Up of Dormant Subsidiary, Scientex Packaging Berhad
Announcement Type: General Announcement
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Members' Voluntary Winding-Up of Dormant Subsidiary, Scientex Packaging Berhad
Contents: The Board of Directors of Scientex Berhad ("Scientex" or "the Company") wishes to announce that Scientex Packaging Berhad ("SciPack"), a wholly-owned subsidiary of the Company has on 20 December 2010 commenced Members' Voluntary Winding-Up pursuant to Section 254(1)(b) of the Companies Act 1965. Pursuant thereto, Ms Soong Yoke Yin of No. 54, Jalan Bukit Desa 6, Taman Bukit Desa, 58100 Kuala Lumpur and Ms Chang Yoke Yin of No. 12-F, Jalan Baiduri, Off Jalan San Peng, 55200 Kuala Lumpur were appointed as joint liquidators for the purpose of the winding-up.
SciPack was incorporated in Malaysia on 9 September 1995. The previous principal activities of SciPack were investment holding and provision of management services to companies within the Group. SciPack had ceased operations during the financial year ended 31 July 2010 and there are no plans to activate its operations.
The winding-up of SciPack is in line with the Company's plan to streamline the Group's corporate structure by winding-up or striking-off dormant subsidiaries. The proposed winding up of SciPack is not expected to have any material financial or operational impact on Scientex Group.
None of the directors or substantial shareholders of Scientex or persons connected with them has any interest, direct or indirect in the aforesaid winding-up.
This announcement is dated 20 December 2010.
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 20/12/2010
Announcement Detail:
Type: Announcement
Subject: Members' Voluntary Winding-Up of Dormant Subsidiary, Scientex Packaging Berhad
Contents: The Board of Directors of Scientex Berhad ("Scientex" or "the Company") wishes to announce that Scientex Packaging Berhad ("SciPack"), a wholly-owned subsidiary of the Company has on 20 December 2010 commenced Members' Voluntary Winding-Up pursuant to Section 254(1)(b) of the Companies Act 1965. Pursuant thereto, Ms Soong Yoke Yin of No. 54, Jalan Bukit Desa 6, Taman Bukit Desa, 58100 Kuala Lumpur and Ms Chang Yoke Yin of No. 12-F, Jalan Baiduri, Off Jalan San Peng, 55200 Kuala Lumpur were appointed as joint liquidators for the purpose of the winding-up.
SciPack was incorporated in Malaysia on 9 September 1995. The previous principal activities of SciPack were investment holding and provision of management services to companies within the Group. SciPack had ceased operations during the financial year ended 31 July 2010 and there are no plans to activate its operations.
The winding-up of SciPack is in line with the Company's plan to streamline the Group's corporate structure by winding-up or striking-off dormant subsidiaries. The proposed winding up of SciPack is not expected to have any material financial or operational impact on Scientex Group.
None of the directors or substantial shareholders of Scientex or persons connected with them has any interest, direct or indirect in the aforesaid winding-up.
This announcement is dated 20 December 2010.
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