SUNRISE - SUNRISE-Suspension Of Trading
Announcement Type: Listing Circular
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 30/12/2010
Announcement Detail:
Subject: SUNRISE-Suspension Of Trading
Contents: Further to Listing's Circular No. L/Q 59693 of 2010, due to Friday, 31 December 2010 is a public holiday, kindly be advised that the suspension of trading in SUNRISE shares will be effective from 9.00 a.m., Monday, 3 January 2011.
Company Name: SUNRISE BERHAD
Stock Name: SUNRISE
Date Announced: 30/12/2010
Announcement Detail:
Subject: SUNRISE-Suspension Of Trading
Contents: Further to Listing's Circular No. L/Q 59693 of 2010, due to Friday, 31 December 2010 is a public holiday, kindly be advised that the suspension of trading in SUNRISE shares will be effective from 9.00 a.m., Monday, 3 January 2011.
MALTON - Final Dividend (Amended Announcement)
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: MALTON BERHAD
Stock Name: MALTON
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final Dividend of 1.5% less Income Tax for every Ordinary Share of RM1.00 each
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: 03/01/2011 to 03/01/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Shareworks Sdn Bhd
No. 10-1, Jalan Sri Hartamas 8
Sri Hartamas, 50480 Kuala Lumpur
Tel: 603 62011120
Fax: 603 62013121
Payment date: 24/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 1.5
Remarks: The entitlement date has been changed from 31 December 2010 to 3 January 2011 because 31 December 2010 has been declared a public holiday as announced by the Prime Minister of Malaysia on 29 December 2010.
Company Name: MALTON BERHAD
Stock Name: MALTON
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final Dividend of 1.5% less Income Tax for every Ordinary Share of RM1.00 each
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: 03/01/2011 to 03/01/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Shareworks Sdn Bhd
No. 10-1, Jalan Sri Hartamas 8
Sri Hartamas, 50480 Kuala Lumpur
Tel: 603 62011120
Fax: 603 62013121
Payment date: 24/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 1.5
Remarks: The entitlement date has been changed from 31 December 2010 to 3 January 2011 because 31 December 2010 has been declared a public holiday as announced by the Prime Minister of Malaysia on 29 December 2010.
TEKALA - 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: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 30/12/2010
Announcement Detail:
Date of buy back from: 23/12/2010
Date of buy back to: 29/12/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 77,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.735
Total amount paid for shares purchased ($$): 56,285.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 77,000
Total number of shares retained in treasury (units): 11,835,000
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 30/12/2010
Lodged by: Tekala Corporation Berhad
Company Name: TEKALA CORPORATION BERHAD
Stock Name: TEKALA
Date Announced: 30/12/2010
Announcement Detail:
Date of buy back from: 23/12/2010
Date of buy back to: 29/12/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 77,000
Minimum price paid for each share purchased ($$): 0.730
Maximum price paid for each share purchased ($$): 0.735
Total amount paid for shares purchased ($$): 56,285.00
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 77,000
Total number of shares retained in treasury (units): 11,835,000
Number of shares purchased which were cancelled (units): 0
Date lodged with registrar of companies: 30/12/2010
Lodged by: Tekala Corporation Berhad
DELLOYD - General Announcement
Announcement Type: General Announcement
Company Name: DELLOYD VENTURES BERHAD
Stock Name: DELLOYD
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: DEALING OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We hereby announce that pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following persons (the "Affected Persons") have given notices of their dealing in the securities of DELLOYD.
The details of the transaction are as shown in the Table below.
Company Name: DELLOYD VENTURES BERHAD
Stock Name: DELLOYD
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: DEALING OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We hereby announce that pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following persons (the "Affected Persons") have given notices of their dealing in the securities of DELLOYD.
The details of the transaction are as shown in the Table below.
KASSETS - Interim Dividend (Amended Announcement)
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: KRISASSETS HOLDINGS BERHAD
Stock Name: KASSETS
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: A single-tier interim dividend of 7.5% for the financial year ending 31 December 2010
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: IGB Corporation Berhad (Share Registration Department)
Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Payment date: 18/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 7.5
Remarks: The entitlement date is changed to 3 January 2011 since 31 December 2010 has been declared a public holiday.
Company Name: KRISASSETS HOLDINGS BERHAD
Stock Name: KASSETS
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: A single-tier interim dividend of 7.5% for the financial year ending 31 December 2010
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: IGB Corporation Berhad (Share Registration Department)
Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Payment date: 18/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Percentage
Entitlement in percentage (%): 7.5
Remarks: The entitlement date is changed to 3 January 2011 since 31 December 2010 has been declared a public holiday.
PUNCAK - General Announcement
Announcement Type: General Announcement
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
- COMPANY'S INTERNAL REORGANISATION
Contents: We wish to inform the Exchange that with effect from 1 January 2011, as part of the Company's internal reorganisation, Mr Ng Wah Tar, the current Executive Director of Finance Division will be re-designated as Executive Director, Corporate Finance Division of Puncak. Madam Wong Ley Chan will assume the position of Executive Director, Finance Division of Puncak.
Madam Wong graduated with a Bachelor of Accountancy Degree from the National University of Singapore in 1984. She is a member of the Malaysian Institute of Certified Public Accountant (MICPA) and the Malaysian Institute of Accountant (MIA) and has more than 20 years of working experience and extensive knowledge in various areas covering auditing, corporate banking and corporate debts restructuring, corporate finance, accounting, corporate taxation and strategic financial management. Madam Wong had previously worked in Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS) from March 2005 to March 2008. She was the Vice President, Finance of Scomi Engineering Bhd prior to joining Puncak in end November 2010.
The composition of Puncak's Board of Directors remain unchanged.
This announcement is dated 30 December 2010.
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
- COMPANY'S INTERNAL REORGANISATION
Contents: We wish to inform the Exchange that with effect from 1 January 2011, as part of the Company's internal reorganisation, Mr Ng Wah Tar, the current Executive Director of Finance Division will be re-designated as Executive Director, Corporate Finance Division of Puncak. Madam Wong Ley Chan will assume the position of Executive Director, Finance Division of Puncak.
Madam Wong graduated with a Bachelor of Accountancy Degree from the National University of Singapore in 1984. She is a member of the Malaysian Institute of Certified Public Accountant (MICPA) and the Malaysian Institute of Accountant (MIA) and has more than 20 years of working experience and extensive knowledge in various areas covering auditing, corporate banking and corporate debts restructuring, corporate finance, accounting, corporate taxation and strategic financial management. Madam Wong had previously worked in Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS) from March 2005 to March 2008. She was the Vice President, Finance of Scomi Engineering Bhd prior to joining Puncak in end November 2010.
The composition of Puncak's Board of Directors remain unchanged.
This announcement is dated 30 December 2010.
TRANMIL - General Announcement
Announcement Type: General Announcement
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1 OF THE BURSA MALAYSIA SECURITIES BERHAD'S ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS") ("PN1") ON THE STATUS OF DEFAULT IN PAYMENT
Contents: (The abbreviations used in this announcement are the same as those previously defined in the announcements dated 30 May 2008)
We refer to the monthly announcements made since 30 May 2008 in relation to the status of default in payment and the announcement dated 26 March 2010 by the Company. Pursuant to PN1, the Company wishes to provide an update on the status of such default.
Following from the winding-up petition served on Transmile Air Services Sdn Bhd ("TAS"), a wholly-owned subsidiary of Transmile by Malaysian Trustees Berhad pursuant to Section 218 of the Companies Act 1965 ("Act") as announced on 4 June 2010, an Order was granted by the High Court of Malaya at Kuala Lumpur on 16 July 2010 pursuant to Section 176(10) of the Act, to restrain all further proceedings, and any and all actions or proceedings against Transmile and TAS for a period of ninety (90) days from 16 July 2010, which was subsequently extended for a period of ninety (90) days from 13 October 2010, as announced on 13 October 2010. It is the Company's intention to apply for a further extension of the aforesaid Order to enable the Company to finalise a debt restructuring proposal.
The Company has been in discussion with Transmile Group's lenders in respect of the outstanding debts of approximately RM528.95 million, but has yet to reach consensus for finalization of a debt restructuring proposal which is expected to form a critical part of the Regularisation Plan as set out in the Company's announcement dated 23 February 2010 pursuant to Practice Note 17 of the Listing Requirements. Until the debt restructuring proposal is finalized, the Company does not envisage that it would be able to attract any injection of fresh funds into the Company or be involved in any acquisition of other viable assets / businesses.
Should there be any further developments in respect of the abovementioned, the Company will make the necessary announcement accordingly.
This announcement is dated 30 December 2010.
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1 OF THE BURSA MALAYSIA SECURITIES BERHAD'S ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS") ("PN1") ON THE STATUS OF DEFAULT IN PAYMENT
Contents: (The abbreviations used in this announcement are the same as those previously defined in the announcements dated 30 May 2008)
We refer to the monthly announcements made since 30 May 2008 in relation to the status of default in payment and the announcement dated 26 March 2010 by the Company. Pursuant to PN1, the Company wishes to provide an update on the status of such default.
Following from the winding-up petition served on Transmile Air Services Sdn Bhd ("TAS"), a wholly-owned subsidiary of Transmile by Malaysian Trustees Berhad pursuant to Section 218 of the Companies Act 1965 ("Act") as announced on 4 June 2010, an Order was granted by the High Court of Malaya at Kuala Lumpur on 16 July 2010 pursuant to Section 176(10) of the Act, to restrain all further proceedings, and any and all actions or proceedings against Transmile and TAS for a period of ninety (90) days from 16 July 2010, which was subsequently extended for a period of ninety (90) days from 13 October 2010, as announced on 13 October 2010. It is the Company's intention to apply for a further extension of the aforesaid Order to enable the Company to finalise a debt restructuring proposal.
The Company has been in discussion with Transmile Group's lenders in respect of the outstanding debts of approximately RM528.95 million, but has yet to reach consensus for finalization of a debt restructuring proposal which is expected to form a critical part of the Regularisation Plan as set out in the Company's announcement dated 23 February 2010 pursuant to Practice Note 17 of the Listing Requirements. Until the debt restructuring proposal is finalized, the Company does not envisage that it would be able to attract any injection of fresh funds into the Company or be involved in any acquisition of other viable assets / businesses.
Should there be any further developments in respect of the abovementioned, the Company will make the necessary announcement accordingly.
This announcement is dated 30 December 2010.
LATITUD - Final Dividend (Amended Announcement)
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: LATITUDE TREE HOLDINGS BERHAD
Stock Name: LATITUD
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final dividend of 7.0 sen per share (tax exempt) for the financial year ended 30 June 2010
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel No. 03-2264 3883
Payment date: 21/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.07
Remarks: In view of the declaration of public holiday on 31 December 2010 by the Government of Malaysia, we wish to inform that the entitlement date has been amended from 31 December 2010 to 3 January 2011.
Company Name: LATITUDE TREE HOLDINGS BERHAD
Stock Name: LATITUD
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final dividend of 7.0 sen per share (tax exempt) for the financial year ended 30 June 2010
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel No. 03-2264 3883
Payment date: 21/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.07
Remarks: In view of the declaration of public holiday on 31 December 2010 by the Government of Malaysia, we wish to inform that the entitlement date has been amended from 31 December 2010 to 3 January 2011.
CCK - Final Dividend (Amended Announcement)
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: Not Applicable
Company Name: CCK CONSOLIDATED HOLDINGS BERHAD
Stock Name: CCK
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final Single-tier dividend of 3 sen
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House,
Block D13, Pusat Dagangan Dana 1,
Jalan PJU 1A/46,
47301 Petaling Jaya, Selangor.
Payment date: 24/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.03
Remarks: Amendment was made on the entitlement date for the final single-tier dividend due to 31 December 2010 declared as Malaysia public holiday.
The entitlement date is changed from 31 December 2010 to 3 January 2011. The date of securities transferred into the Depositor's Securities Account in respect of transfers is changed from 31 December 2010 to 3 January 2011 simultaneously.
Submitting Merchant Bank: Not Applicable
Company Name: CCK CONSOLIDATED HOLDINGS BERHAD
Stock Name: CCK
Date Announced: 30/12/2010
Announcement Detail:
EX-date: 29/12/2010
Entitlement date: 03/01/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Final Dividend
Entitlement description: Final Single-tier dividend of 3 sen
Period of interest payment: to
Financial Year End: 30/06/2010
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House,
Block D13, Pusat Dagangan Dana 1,
Jalan PJU 1A/46,
47301 Petaling Jaya, Selangor.
Payment date: 24/01/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 03/01/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.03
Remarks: Amendment was made on the entitlement date for the final single-tier dividend due to 31 December 2010 declared as Malaysia public holiday.
The entitlement date is changed from 31 December 2010 to 3 January 2011. The date of securities transferred into the Depositor's Securities Account in respect of transfers is changed from 31 December 2010 to 3 January 2011 simultaneously.
TIGER - General Announcement
Announcement Type: General Announcement
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: TIGER SYNERGY BERHAD
PROPOSED ACQUISITION OF 100% ISSUED AND PAID-UP
SHARE CAPITAL OF MYHARMONY DEVELOPMENT SDN.
BHD. (921361-M) BY MHB PROPERTY MANAGEMENT SDN.
BHD., A WHOLLY-OWNED SUBSIDIARY OF TIGER SYNERGY
BERHAD
Contents: 1. INTRODUCTION
The Board of Directors of Tiger Synergy Berhad ("Tiger Synergy") is pleased to announce that its
wholly-owned subsidiary, MHB Property Management Sdn. Bhd. on 28 December 2010 acquired
the 100 percent of the share capital of Myharmony Development Sdn. Bhd. (921361-M) comprising
of two ordinary shares of RM1.00 each fully paid up for cash consideration of RM2.00 ("Proposed
Acquisition").
2. DETAILS OF THE PROPOSED ACQUISITION
2.1 Myharmony Development Sdn. Bhd.
Myharmony Development Sdn. Bhd. was incorporated on 9 November 2010 with an authorised
capital of RM100,000.00 and an issued and fully paid up share capital of RM2.00 divided into 2
ordinary shares of RM1.00 each. The current Director of Myharmony Development Sdn. Bhd. are
Sumami Bin Kiman and Saharuddin Bin Abdullah, both holding one (1) ordinary share of RM1.00
each fully paid up in Myharmony Development Sdn. Bhd.
Myharmony Development Sdn. Bhd. is currently a dormant company.
2.2 MHB Property Management Sdn. Bhd.
MHB Property Management Sdn. Bhd. ("The Purchaser") was incorporated on 30 November 2005
in Malaysia with an authorised capital of RM500,000.00 and an issued and paid up share capital of
RM250,000.00 comprising of 250,000 ordinary share of RM1.00 each.
2.3 Basis of Arriving at the Purchase Consideration
The purchase consideration of RM1.00 was arrived at on a willing buyer, willing seller basis. There
will be no liabilities assumed by Tiger Synergy pursuant to the Proposed Acquisition.
2.4 Funding Requirements
The purchase consideration for Proposed Acquisition will be financed through internally generated
funds.
2.5 Rationale for the Proposed Acquisition
Myharmony Development Sdn. Bhd. will be utilized as a vehicle for the Company's investments.
2.6 Risk Factor
The Board of Directors of Tiger Synergy is not aware of any specific risk / risk factors arising from the
Proposed Acquisition other than the normal and market risks.
3 FINANCIAL EFFECTS
3,1 Earnings
The Proposed Acquisition is not expected to have any material effect on the earnings per share of the
Group for the financial year ending 31 December 2009.
3.2 Net Assets
The Proposed Acquisition is not expected to have any significant effect on the Net Assets of the
Group for the financial year ending 31 December 2009
3.3 Share Capital
The Proposed Acquisition has no effect on the share capital of the Company as it was satisfied
entirely by cash generated internally.
4. APPROVAL SOUGHT
The Proposed Acquisition is not subject to the approval of the shareholders of the Company nor from
any relevant authorities.
5. DIRECTORS AND SUBSTANTIAL / MAJOR SHAREHOLDERS INTEREST
None of the Directors and/or substantial / major shareholders of the Company or any persons
connected to them have any direct or indirect interest in Proposed Acquisition.
6. PARTICULARS OF LIABILITIES TO BE ASSUMED BY THE PURCHASER
No contingent liabilities will be assumed by the Company arising from the Proposed Acquisition.
7. DEPARTURE FROM THE SECURITIES COMMISSION' S POLICIES AND GUIDELINES ON
ISSUE OF SECURITIES
To the knowledge of the Board of Directors of Tiger Synergy, the Proposed Acquisition has not
departed from the Securities Commission's policies and guidelines.
8. DIRECTORS' RECOMMENDATION
The Directors of Tiger Synergy, having taken in consideration all aspects of the Proposed Acquisition,
are of the opinion that the Proposed Acquisition is in the best interest of the Company.
9. STATEMENT BY AUDIT COMMITTEE
The Audit Committee of Tiger Synergy, having seen and reviewed the procedures implemented in the
treatment of the Proposed Acquisition, is satisfied that the procedures are sufficient to ensure that the
Proposed Acquisition is conducted at arms' length, fair and reasonable and on normal commercial
terms and not to the detriment of minority shareholders.
This announcement is dated 30 December 2010
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 30/12/2010
Announcement Detail:
Type: Announcement
Subject: TIGER SYNERGY BERHAD
PROPOSED ACQUISITION OF 100% ISSUED AND PAID-UP
SHARE CAPITAL OF MYHARMONY DEVELOPMENT SDN.
BHD. (921361-M) BY MHB PROPERTY MANAGEMENT SDN.
BHD., A WHOLLY-OWNED SUBSIDIARY OF TIGER SYNERGY
BERHAD
Contents: 1. INTRODUCTION
The Board of Directors of Tiger Synergy Berhad ("Tiger Synergy") is pleased to announce that its
wholly-owned subsidiary, MHB Property Management Sdn. Bhd. on 28 December 2010 acquired
the 100 percent of the share capital of Myharmony Development Sdn. Bhd. (921361-M) comprising
of two ordinary shares of RM1.00 each fully paid up for cash consideration of RM2.00 ("Proposed
Acquisition").
2. DETAILS OF THE PROPOSED ACQUISITION
2.1 Myharmony Development Sdn. Bhd.
Myharmony Development Sdn. Bhd. was incorporated on 9 November 2010 with an authorised
capital of RM100,000.00 and an issued and fully paid up share capital of RM2.00 divided into 2
ordinary shares of RM1.00 each. The current Director of Myharmony Development Sdn. Bhd. are
Sumami Bin Kiman and Saharuddin Bin Abdullah, both holding one (1) ordinary share of RM1.00
each fully paid up in Myharmony Development Sdn. Bhd.
Myharmony Development Sdn. Bhd. is currently a dormant company.
2.2 MHB Property Management Sdn. Bhd.
MHB Property Management Sdn. Bhd. ("The Purchaser") was incorporated on 30 November 2005
in Malaysia with an authorised capital of RM500,000.00 and an issued and paid up share capital of
RM250,000.00 comprising of 250,000 ordinary share of RM1.00 each.
2.3 Basis of Arriving at the Purchase Consideration
The purchase consideration of RM1.00 was arrived at on a willing buyer, willing seller basis. There
will be no liabilities assumed by Tiger Synergy pursuant to the Proposed Acquisition.
2.4 Funding Requirements
The purchase consideration for Proposed Acquisition will be financed through internally generated
funds.
2.5 Rationale for the Proposed Acquisition
Myharmony Development Sdn. Bhd. will be utilized as a vehicle for the Company's investments.
2.6 Risk Factor
The Board of Directors of Tiger Synergy is not aware of any specific risk / risk factors arising from the
Proposed Acquisition other than the normal and market risks.
3 FINANCIAL EFFECTS
3,1 Earnings
The Proposed Acquisition is not expected to have any material effect on the earnings per share of the
Group for the financial year ending 31 December 2009.
3.2 Net Assets
The Proposed Acquisition is not expected to have any significant effect on the Net Assets of the
Group for the financial year ending 31 December 2009
3.3 Share Capital
The Proposed Acquisition has no effect on the share capital of the Company as it was satisfied
entirely by cash generated internally.
4. APPROVAL SOUGHT
The Proposed Acquisition is not subject to the approval of the shareholders of the Company nor from
any relevant authorities.
5. DIRECTORS AND SUBSTANTIAL / MAJOR SHAREHOLDERS INTEREST
None of the Directors and/or substantial / major shareholders of the Company or any persons
connected to them have any direct or indirect interest in Proposed Acquisition.
6. PARTICULARS OF LIABILITIES TO BE ASSUMED BY THE PURCHASER
No contingent liabilities will be assumed by the Company arising from the Proposed Acquisition.
7. DEPARTURE FROM THE SECURITIES COMMISSION' S POLICIES AND GUIDELINES ON
ISSUE OF SECURITIES
To the knowledge of the Board of Directors of Tiger Synergy, the Proposed Acquisition has not
departed from the Securities Commission's policies and guidelines.
8. DIRECTORS' RECOMMENDATION
The Directors of Tiger Synergy, having taken in consideration all aspects of the Proposed Acquisition,
are of the opinion that the Proposed Acquisition is in the best interest of the Company.
9. STATEMENT BY AUDIT COMMITTEE
The Audit Committee of Tiger Synergy, having seen and reviewed the procedures implemented in the
treatment of the Proposed Acquisition, is satisfied that the procedures are sufficient to ensure that the
Proposed Acquisition is conducted at arms' length, fair and reasonable and on normal commercial
terms and not to the detriment of minority shareholders.
This announcement is dated 30 December 2010
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