INGENS - General Announcement
Announcement Type: General AnnouncementSubmitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: INGENUITY SOLUTIONS BERHAD (ACE Market)Stock Name: INGENSDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: INGENUITY SOLUTIONS BERHAD ("ISB" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 13,235,200 NEW ORDINARY SHARES OF RM0.10 EACH IN ISB REPRESENTING NOT MORE THAN TEN PERCENT (10%) OF THE ISSUE AND PAID-UP SHARE CAPITAL OF ISB ("PROPOSED PRIVATE PLACEMENT")
Contents: On behalf of the Board of Directors of ISB, PM Securities Sdn Bhd wishes to announce that the Company proposes to undertake the Proposed Private Placement. Please refer to the attachment below for further details of the announcement.
This announcement is dated 3 December 2010.
Attachments: Proposed Private Placement (ISB).pdf
INIX - Inix Technologies Holdings Berhad ("INIX) -Deviation in financial results
Announcement Type: General AnnouncementCompany Name: INIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market)Stock Name: INIXDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: Inix Technologies Holdings Berhad ("INIX)
-Deviation in financial results
Contents: " The Board of Directors of INIX wish to announce that there is a deviation of more than 10% of the audited result of INIX for the financial year ended 31 July 2010 from the unaudited results for the same period which were announced on 30 September 2010 vide the 4th quarterly report . The variation is as per attachment below.
This announcement is dated 3 December 2010.
Attachments: Inix-Variation FY2010.xls
FOCUS - General Announcement
Announcement Type: General AnnouncementSubmitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)Stock Name: FOCUSDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: FOCUS DYNAMICS TECHNOLOGIES BERHAD ("FOCUS" OR "THE COMPANY")
PRIVATE PLACEMENT OF UP TO 11,894,600 NEW ORDINARY SHARES OF RM0.10 EACH IN FOCUS ("PLACEMENT SHARE(S)") TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ("PRIVATE PLACEMENT")
Contents: On behalf of the Board of Directors of Focus, M&A Securities Sdn Bhd ("M&A Securities") is pleased to announce that the Company has fixed the issue price at RM0.10 per Placement Share to be issued pursuant to the Private Placement.
The aforementioned issue price of RM0.10 per Placement Share represents a premium of approximately RM0.01 or 11.1% from the five (5)-day weighted average market price of Focus from 26 November 2010 to 2 December 2010 of approximately RM0.09 per share.
This announcement is dated 3 December 2010.
FOCUSP - General Announcement
Announcement Type: General AnnouncementCompany Name: FOCUS POINT HOLDINGS BERHAD (ACE Market)Stock Name: FOCUSPDate Announced: 03/12/2010
Announcement Detail:Admission Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: FOCUS POINT HOLDINGS BERHAD ("Focus Point" or "the Company")
- Disposal by Focus Point Vision Care Group Sdn Bhd ("FPVCG"), a wholly-owned subsidiary of Focus Point, of its entire 20% equity interest in Seen@ International Pte. Ltd.
Contents: The Board of Directors of Focus Point ("Board") wishes to announce that FPVCG had on 3 December 2010 disposed 70,000 ordinary shares of SGD1.00 each representing its entire 20% equity interest in Seen@International Pte.Ltd. to Per Ola Eskil Friberg (the sole remaining shareholder of Seen@International) for a total consideration of SGD60,000.00 ("Disposal of Shares").
GENTING - GENTING BERHAD ("GENT" OR THE "COMPANY") VOLUNTARY WINDING-UP OF TWO (2) SUBSIDIARIES OF THE COMPANY
Announcement Type: General AnnouncementCompany Name: GENTING BERHADStock Name: GENTINGDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: GENTING BERHAD ("GENT" OR THE "COMPANY")
VOLUNTARY WINDING-UP OF TWO (2) SUBSIDIARIES OF THE COMPANY
Contents: Genting Berhad ("GENT") wishes to inform that it has placed two (2) subsidiary companies under Members' Voluntary Winding-up, details of which are set out below:
(1) GB Credit & Leasing Sdn Bhd ("GBCL"), a 69.5% owned subsidiary of the Company incorporated in Malaysia has been placed under Members' Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965. Mr Mak Kum Choon (NRIC No. 540331-07-5419) and Mr Ng Meng Kwai (NRIC No. 520718-02-5485) both of Level 19, Uptown 1, 1 Jalan SS21/58, Damansara Uptown, 47400 Petaling Jaya, Selangor Darul Ehsan had been appointed as liquidators of GBCL. The remaining 30.5% equity interest is owned by Fleetstar Corporation Sdn Bhd. GBCL was previously involved in money lending operation and is currently dormant.
(2) Genting Risk Management (Labuan) Limited ("GRMLL"), a dormant indirect wholly-owned subsidiary of the Company incorporated in Labuan, Malaysia has been placed under Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965. Mr Mak Kum Choon (NRIC No. 540331-07-5419) and Mr Ng Meng Kwai (NRIC No. 520718-02-5485) both of Unit 3(12), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000 Labuan F.T. Malaysia had been appointed as liquidators of GRMLL.
The voluntary winding-up of GBCL and GRMLL will not have any material impact on the net assets and earnings per share of the GENT Group for the financial year ending 31 December 2010.
This announcement is dated 3 December 2010.
ALAM - General Announcement
Announcement Type: General AnnouncementCompany Name: ALAM MARITIM RESOURCES BERHADStock Name: ALAMDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: ARTICLE APPEARING IN FINANCIAL DAILY, FRIDAY, 3 DECEMBER 2010 ENTITLED: "ALAM MARITIM TO RESOLVE DEBT EXPOSURE IN VASTALUX TODAY"
Contents: Reference is made to the article appearing in Financial Daily, Friday, 3 December 2010, and in particular to the statement appearing therein which is reproduced as follows:-
"?According to Bursa Malaysia filings, Alam Maritim's wholly owned subsidiary Alam Maritim (M) Sdn Bhd is one of the creditors listed in VSB's proposed debt restructuring scheme (PDRS). Under the PDRS, Alam Maritim is part of the group called "unsecured scheme creditors class 2" with RM146.81 million in total debts owed by VSB.
Of this amount, VSB has proposed that 20% be settled through issuance of 117.5 million new shares in VEB, 50% to be settled through issuance of 293.62 million redeemable cumulative unsecured loan stocks (RCULS) while the remaining 30% to be waivered. Alam Maritim (M) Sdn Bhd will emerge as a substantial shareholder in VEB if it fully converts its portion of the proposed RCULS."
In relation to this, the Company wishes to update that it had attended the Meeting of Creditors Summoned Pursuant to an Order of the High Court of Malaya under Section 176(1) of the Companies Act 1965 which was held at 10.00 a.m. on 3 December 2010. The Company was not in favour of the PDRS.
However, the Company is still pursuing to recover the amount owing by VSB through discussions with several relevant parties including the end-client.
This announcement is dated 3 December 2010.
DIGI - General Announcement
Announcement Type: General AnnouncementCompany Name: DIGI.COM BERHADStock Name: DIGIDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: DiGi.Com Berhad ("DiGi" or the "Company")
- Settlement Agreement between DiGi Telecommunications Sdn Bhd ("DiGi Tel") and U Mobile Sdn Bhd ("U Mobile") in relation to the Domestic Roaming Agreement dated 10 December 2009 between DiGi Tel and U Mobile ("Settlement Agreement")
Contents: We refer to our announcement dated 10 December 2009 pertaining to the Domestic Roaming Agreement ("DR Agreement") entered into between DiGi's wholly-owned subsidiary, DiGi Tel and U Mobile in relation to giving U Mobile access to DiGi Tel's nationwide 2G GSM network for the provision of public telecommunications services in Malaysia.
We wish to inform that DiGi Tel and U Mobile, had on 3 December 2010 entered into a Settlement Agreement in relation to the DR Agreement for the mutual release and discharge of all claims and obligations arising from or in connection with the DR Agreement. And, henceforth, the DR Agreement was terminated.
The Settlement Agreement will not have any material effect on the earnings per share, net assets per share and gearing of DiGi Group for the current financial year ending 31 December 2010.
This announcement is dated 3 December 2010.
TRACOMA - General Announcement
Announcement Type: General AnnouncementCompany Name: TRACOMA HOLDINGS BERHADStock Name: TRACOMADate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: TRACOMA HOLDINGS BERHAD ("Tracoma" or "the Company")
- RESTRAINING ORDER UNDER SECTION 176 OF THE COMPANIES ACT, 1965
Contents: Further to the announcement made on 17 September 2010, the Board of Directors of Tracoma wishes to announce that the Company has been informed by its solicitors today that the High Court of Malaya, Shah Alam had on 30 November 2010 granted an extension of the Restraining Order ("RO") obtained on 9 September 2010 pursuant to Section 176 of the Companies Act, 1965, to restrain all further proceedings in any actions or proceedings against Tracoma and its subsidiaries ("Tracoma Group"), for a period of six (6) months commencing upon the expiry of the first RO ("Extended Restraining Order").
The Extended Restraining Order will allow the Company to finalise a conclusive debt restructuring scheme with the creditors under a scheme of arrangement to restructure the debts owing to the creditors. The debt restructuring scheme is an integral part of the regularisation plan to regularise the financial condition of the Company pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The full details of the debt restructuring scheme will be announced in due course.
This announcement is dated 3 December 2010.
LIMAHSN - General Announcement
Announcement Type: General AnnouncementCompany Name: LIMAHSOON BERHADStock Name: LIMAHSNDate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: Limahsoon Berhad ("LIMAHSN" or "Company")(Receiver & Manager Appointed)
Shah Alam High Court Summons No. 22-900-2010
Malaysian Industrial Development Finance Berhad (Plaintiff)
1. Limahsoon Biomass Sdn Bhd (Defendant)
2. Limahsoon Berhad (Defendant)
Contents: LIMAHSN wishes to inform that the Company and its subsidiary, Limahsoon Biomass Sdn Bhd ("LASB") had on 3 December 2010 received a copy of the letter dated 19 November 2010 from Messrs Sidek Teoh Wong & Dennis on behalf of Malaysian Industrial Development Finance Berhad informing that judgment has been received against the Company and LASB on 24 August 2010 for the sums of RM3,079,456.75 (Account No. 01140/71/3/54) and RM3,689,575.87 (Account No. 01140/71/12/35) as at 31 March 2010 respectively.
Further details are as follows:
1. The date of the presentation of the letter and the date of the Letter of Judgement was served on the Company, its subsidiary or major associated company.
The letter dated 19 November 2010 and Letter of Judgement dated 24 August 2010 were served on LASB and LIMAHSN at the Company's former place of business ie No. 1 Jalan Perusahaan 2, Kawasan Perusahaan Beranang, 43700 Beranang, Selangor which has been closed since 31 December 2009.
Since the said letters were not served at the Company's registered address, the Company has no knowledge of it until the letter was handed over to the Company's representative on 2 December 2010 by the security guard at the old premise.
2. The particulars of the claim under the judgement letter, including the amount claimed for and the interest rate.
The Plaintiff's claims are for the following:
(i) The sum of RM3,079,456.75 for Account No. 01140/71/3/54 and RM3,689,575.87 for Account No. 01140/71/12/35 as at 31 March 2010 respectively.
(ii) Interest rate of 1.00% per annum shall continue to be levied cumulatively on installments falling into arrears from 1 April 2010 until full settlement.
(iii)Cost of RM240.00
3. The details of the default or circumstances leading to the filing of the judgement against the Company, its subsidiary or major associated company.
The judgment against the Company and LASB was in relation to the default in payment of the amount mentioned in Note 2 above.
4. The financial and operational impact of the judgement on the Group.
(a) In the event LIMAHSN loses the case, the expected financial losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on LIMAHSN Group as the Group has ceased operations and LIMAHSN is currently under receivership.
5. The expected losses, if any, arising from the judgement.
The sum mentioned in Note 2 above alleged to be due together with costs thereon.
6. The steps taken and proposed to be taken by the Company in respect of the Judgement.
LIMAHSN will seek necessary legal advice from its solicitors with regards to the claim. LIMAHSN is currently under receivership.
This announcement is dated 3 December 2010.
RAMUNIA - General Announcement
Announcement Type: General AnnouncementCompany Name: RAMUNIA HOLDINGS BERHADStock Name: RAMUNIADate Announced: 03/12/2010
Announcement Detail:Type: Announcement
Subject: RAMUNIA HOLDINGS BERHAD ("RAMUNIA" OR THE "COMPANY")
JOINT MANUFACTURING AGREEMENT (" AGREEMENT") BETWEEN O & G WORKS SDN BHD . ("OGW") AND DONGNAM MARINE CRANE CO., LTD ("DMC")
Contents: Further to the Company's announcement dated 4th November 2010, the Board of Directors of Ramunia is pleased to announce that its wholly owned subsidiary OGW, had on 2 December 2010 signed a Joint Manufacturing Agreement ("the Agreement") with DMC from South Korea.
The purpose of the Agreement is to undertake the joint manufacturing of cranes including offshores cranes, marines cranes, floating cranes, deck cranes, Special Davits and deck machineries of DMC in the marine and offshore oil & gas exploration and production fields of application in Malaysia, using the "Dong Nam" Brand and design (" Products").
The salient terms of the Agreement are as follows:
i)The Agreement is exclusive to OGW to a period of 5 years and is for the provision of all the relevant technical information and training required for the manufacturing of the Products in Malaysia.
ii)The fabrication of the Products shall be undertaken jointly by both parties.
None of the directors and / or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transaction.
This announcement is dated 3 December 2010.