CCM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Dato' Mohd Nizam bin Zainordin
Age: 47
Nationality: Malaysian
Qualifications: 1. Fellow, Association of Chartered Certified Accountants, Huddersfield Polytechnic, United Kingdom
2. Member, Malaysian Institute of Accountants
3. Executive MBA, Asian Institute of Management
4. Certified Financial Planner
Working experience and occupation: Dato' Mohd Nizam has an extensive career in Finance spanning over 20 years. He was attached to several other companies in the field of finance before joining Permodalan Nasional Berhad in 1994 as Assistant Manager, Finance Department. He has held various positions in PNB before assuming his current role as Senior Vice President I, Finance and Investment Processing Division.
Directorship of public companies (if any): 1. UMW Holdings Berhad
2. Pengurusan Pelaburan ASW 2020 Berhad
3. Pengurusan Pelaburan ASN Berhad
4. Lanjut Golf Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Dato' Mohd Nizam bin Zainordin
Age: 47
Nationality: Malaysian
Qualifications: 1. Fellow, Association of Chartered Certified Accountants, Huddersfield Polytechnic, United Kingdom
2. Member, Malaysian Institute of Accountants
3. Executive MBA, Asian Institute of Management
4. Certified Financial Planner
Working experience and occupation: Dato' Mohd Nizam has an extensive career in Finance spanning over 20 years. He was attached to several other companies in the field of finance before joining Permodalan Nasional Berhad in 1994 as Assistant Manager, Finance Department. He has held various positions in PNB before assuming his current role as Senior Vice President I, Finance and Investment Processing Division.
Directorship of public companies (if any): 1. UMW Holdings Berhad
2. Pengurusan Pelaburan ASW 2020 Berhad
3. Pengurusan Pelaburan ASN Berhad
4. Lanjut Golf Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
CCM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Tan Sri Ab. Rahman bin Omar
Age: 64
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hons), Universiti Malaya
Working experience and occupation: Tan Sri Ab. Rahman bin Omar started his career in the Administration and Diplomatic Services in the Statistic Department, Ministry of Commerce & Industry and the Ministry of Primary Industry from 1970 to 1973. He then joined Pineapple Cannery Malaysia Sdn Bhd (PCM) as Finance and Administration Manager in 1973 and was appointed as a Director in April 1980. Subsequent to that, he joined Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad in 1980 as Director/General Manager and is presently its Chairman. He was also the Managing Director of Perusahaan Otomobil Kedua Sdn Bhd from 1996 to 2004.
Directorship of public companies (if any): 1.Wah Seong Corporation Berhad
2. Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Non Independent & Non Executive
Name: Tan Sri Ab. Rahman bin Omar
Age: 64
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hons), Universiti Malaya
Working experience and occupation: Tan Sri Ab. Rahman bin Omar started his career in the Administration and Diplomatic Services in the Statistic Department, Ministry of Commerce & Industry and the Ministry of Primary Industry from 1970 to 1973. He then joined Pineapple Cannery Malaysia Sdn Bhd (PCM) as Finance and Administration Manager in 1973 and was appointed as a Director in April 1980. Subsequent to that, he joined Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad in 1980 as Director/General Manager and is presently its Chairman. He was also the Managing Director of Perusahaan Otomobil Kedua Sdn Bhd from 1996 to 2004.
Directorship of public companies (if any): 1.Wah Seong Corporation Berhad
2. Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
CCM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Kalsom binti Abdul Rahman
Age: 62
Nationality: Malaysian
Qualifications: 1. Masters in Business Administration (Finance), University of Eugene, Oregon, USA
2. Bachelor of Economics (Hons), Universiti Malaya
Working experience and occupation: Dato' Kalsom had served in various capacities in the Ministry of International Trade and Industry (MITI) from 1972 to 1996 both at Headquarters and overseas. She was the Chief Executive Officer of Small & Medium Industries Development Corporation (SMIDEC) from 1996 to 2000 and was appointed the Deputy Secretary General of MITI from 2000 to 2004. Dato' Kalsom also sits on the Board of various subsidiaries within the CCM Group.
Directorship of public companies (if any): 1. Malaysian Industrial Development Finance Berhad
2. MIDF Amanah Asset Management Berhad
3. MIDF Property Berhad
4. MIDF Amanah Investment Bank Berhad
5. MISC Berhad
6. Lion Forest Industries Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Kalsom binti Abdul Rahman
Age: 62
Nationality: Malaysian
Qualifications: 1. Masters in Business Administration (Finance), University of Eugene, Oregon, USA
2. Bachelor of Economics (Hons), Universiti Malaya
Working experience and occupation: Dato' Kalsom had served in various capacities in the Ministry of International Trade and Industry (MITI) from 1972 to 1996 both at Headquarters and overseas. She was the Chief Executive Officer of Small & Medium Industries Development Corporation (SMIDEC) from 1996 to 2000 and was appointed the Deputy Secretary General of MITI from 2000 to 2004. Dato' Kalsom also sits on the Board of various subsidiaries within the CCM Group.
Directorship of public companies (if any): 1. Malaysian Industrial Development Finance Berhad
2. MIDF Amanah Asset Management Berhad
3. MIDF Property Berhad
4. MIDF Amanah Investment Bank Berhad
5. MISC Berhad
6. Lion Forest Industries Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
CCM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Kartini binti Haji Abdul Manaf
Age: 49
Nationality: Malaysian
Qualifications: 1. Certified Financial Planner, Financial Planning Association of Malaysia
2. Capital Markets Services Representative License, Securities Commission
3. Master of Business Administration, Ohio University, USA
4. Bachelor of Business Administration, Ohio University, USA
5. Diploma in Banking Studies, Universiti Technology Mara
Working experience and occupation: Kartini binti Haji Abdul Manaf started her career in Permodalan Nasional Berhad (PNB) in March 1983 and is presently the Chief Strategy Officer of PNB.
Specialising in portfolio management and corporate finance, she has since served PNB in various capacities and different departments throughout her 28 years of experience in PNB.
Directorship of public companies (if any): Sen Sen Chemical Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Kartini binti Haji Abdul Manaf
Age: 49
Nationality: Malaysian
Qualifications: 1. Certified Financial Planner, Financial Planning Association of Malaysia
2. Capital Markets Services Representative License, Securities Commission
3. Master of Business Administration, Ohio University, USA
4. Bachelor of Business Administration, Ohio University, USA
5. Diploma in Banking Studies, Universiti Technology Mara
Working experience and occupation: Kartini binti Haji Abdul Manaf started her career in Permodalan Nasional Berhad (PNB) in March 1983 and is presently the Chief Strategy Officer of PNB.
Specialising in portfolio management and corporate finance, she has since served PNB in various capacities and different departments throughout her 28 years of experience in PNB.
Directorship of public companies (if any): Sen Sen Chemical Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
CCM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Datuk Karownakaran @ Karunakaran A/L Ramasamy
Age: 60
Nationality: Malaysian
Qualifications: Bachelor of Economics (Accounting) Hons., University of Malaya.
Working experience and occupation: Datuk Karownakaran @ Karunakaran A/L Ramasamy ("Datuk Karunakaran") joined the Malaysian Industrial Development Authority ("MIDA") in August 1972 and served in various positions including Deputy Director, Director, Deputy Director-General and Director-General. He also served as the Director of MIDA Singapore, Cologne (Germany) and London (England). Having served MIDA for about 36 years, Datuk Karunakaran retired as the Director-General of MIDA in June 2008, a position he held for about four years. During Datuk Karunakaran's service with MIDA, he was responsible for the promotion and coordination of the development of the manufacturing and services sector in Malaysia including promoting domestic and foreign investment in Malaysia.
Directorship of public companies (if any): 1. Lion Corporation Berhad
2. Integrated Logistics Berhad
3. Maybank Investment Bank Berhad
4. KNM Group Berhad
5. Etiqa Insurance Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Datuk Karownakaran @ Karunakaran A/L Ramasamy
Age: 60
Nationality: Malaysian
Qualifications: Bachelor of Economics (Accounting) Hons., University of Malaya.
Working experience and occupation: Datuk Karownakaran @ Karunakaran A/L Ramasamy ("Datuk Karunakaran") joined the Malaysian Industrial Development Authority ("MIDA") in August 1972 and served in various positions including Deputy Director, Director, Deputy Director-General and Director-General. He also served as the Director of MIDA Singapore, Cologne (Germany) and London (England). Having served MIDA for about 36 years, Datuk Karunakaran retired as the Director-General of MIDA in June 2008, a position he held for about four years. During Datuk Karunakaran's service with MIDA, he was responsible for the promotion and coordination of the development of the manufacturing and services sector in Malaysia including promoting domestic and foreign investment in Malaysia.
Directorship of public companies (if any): 1. Lion Corporation Berhad
2. Integrated Logistics Berhad
3. Maybank Investment Bank Berhad
4. KNM Group Berhad
5. Etiqa Insurance Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
CCM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Azmi bin Mohd Ali
Age: 50
Nationality: Malaysian
Qualifications: 1. LLB (Hons)
University of Malaya
Working experience and occupation: 2000 - Present : Azmi & Associates
-Senior Partner
1995 - 2000 : Messrs Hisham, Sobri and Kadir
-Partner, Head Department of Corp, Commercial and Special Projects
1991 - 1995 : Messrs T. Tharu & Associates
-Lawyer
1985 - 1990 : Petronas
-Head of Gas/New Ventures, Upstream Legal Department
Directorship of public companies (if any): 1. Pernec Corporation Berhad
2. Sime Darby Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 10/01/2011
Announcement Detail:
Date of change: 10/01/2011
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Azmi bin Mohd Ali
Age: 50
Nationality: Malaysian
Qualifications: 1. LLB (Hons)
University of Malaya
Working experience and occupation: 2000 - Present : Azmi & Associates
-Senior Partner
1995 - 2000 : Messrs Hisham, Sobri and Kadir
-Partner, Head Department of Corp, Commercial and Special Projects
1991 - 1995 : Messrs T. Tharu & Associates
-Lawyer
1985 - 1990 : Petronas
-Head of Gas/New Ventures, Upstream Legal Department
Directorship of public companies (if any): 1. Pernec Corporation Berhad
2. Sime Darby Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): 1. En. Khalid bin Sufat (Chairman - Independent Non-Executive)
2. Datuk Karownakaran @ Karunakaran A/L Ramasamy (Member - Independent Non-Executive)
3. Pn. Kartini binti Haji Abdul Manaf (Member - Non-Independent Non-Executive)
WIJAYA - Change of Address
Announcement Type: Change of Address
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 10/01/2011
Announcement Detail:
Change description: Registered
Old address: 5th Floor, Wijaya International Medical Centre
No. 1, Jalan 215, Section 51, Off Jalan Templer
46050 Petaling Jaya
Selangor Darul Ehsan
New address: No. 2D, Jalan SS6/6
Kelana Jaya
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no: 03-78037799
Facsimile no: 03-78037327
E-mail address: yfloh@wijayabaru.com.my
Effective date: 09/01/2011
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 10/01/2011
Announcement Detail:
Change description: Registered
Old address: 5th Floor, Wijaya International Medical Centre
No. 1, Jalan 215, Section 51, Off Jalan Templer
46050 Petaling Jaya
Selangor Darul Ehsan
New address: No. 2D, Jalan SS6/6
Kelana Jaya
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no: 03-78037799
Facsimile no: 03-78037327
E-mail address: yfloh@wijayabaru.com.my
Effective date: 09/01/2011
WIJAYA - Change of Address
Announcement Type: Change of Address
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 10/01/2011
Announcement Detail:
Change description: Correspondence
Old address: 5th Floor, Wijaya International Medical Centre
No. 1, Jalan 215, Section 51, Off Jalan Templer
46050 Petaling Jaya
Selangor Darul Ehsan
New address: No, 2D, Jalan SS6/6
Kelana Jaya
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no: 03-78037799
Facsimile no: 03-78037327
E-mail address: yfloh@wijayabaru.com.my
Effective date: 09/01/2011
Company Name: WIJAYA BARU GLOBAL BERHAD
Stock Name: WIJAYA
Date Announced: 10/01/2011
Announcement Detail:
Change description: Correspondence
Old address: 5th Floor, Wijaya International Medical Centre
No. 1, Jalan 215, Section 51, Off Jalan Templer
46050 Petaling Jaya
Selangor Darul Ehsan
New address: No, 2D, Jalan SS6/6
Kelana Jaya
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no: 03-78037799
Facsimile no: 03-78037327
E-mail address: yfloh@wijayabaru.com.my
Effective date: 09/01/2011
BJLAND - General Announcement
Announcement Type: General Announcement
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: ACQUISITIONS OF 0% 10-YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2005/2015 OF RM0.50 NOMINAL AMOUNT EACH IN BERJAYA CORPORATION BERHAD
Contents: Further to the Company's announcements dated 15 June 2010 and 2 July 2010 in relation to the above, the Board of Directors of Berjaya Land Berhad ("BLand") is pleased to announce that its wholly-owned subsidiary, Immediate Capital Sdn Bhd ("Immediate Capital") had further acquired from the open market a total of 18.75 million 0% 10-year irredeemable convertible unsecured loan stocks 2005/2015 of RM0.50 nominal amount each ("BCorporation ICULS") in Berjaya Corporation Berhad ("BCorporation") during the period from 2 July 2010 to 7 January 2011 for a total cash consideration of about RM12.95 million or at an average purchase price of about RM0.69 per BCorporation ICULS ("Acquisitions").
The cash considerations of the Acquisitions were based on prevailing market prices of BCorporation ICULS at the time of acquisitions. The BCorporation ICULS were acquired free and clear of all liens, charges and claims of any kind or restriction. The Acquisitions represent an opportunity for Immediate Capital to increase its investment in BCorporation with its surplus internally generated funds.
Following the Acquisitions, BLand Group now holds a total of 208.17 million BCorporation ICULS.
The Acquisitions have no effect on the issued and paid-up share capital or substantial shareholders' shareholdings of BLand. The Acquisitions also have no material effects on the net assets and earnings per share of the BLand Group for the current financial year ending 30 April 2011.
The Acquisitions are not subject to the approval of the shareholders of BLand or any other relevant authorities.
Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT") is a major shareholder of both BLand and BCorporation. TSVT is the Chairman of BCorporation.
Tan Sri Dato' Tan Chee Sing ("TSDT") is the Deputy Chairman and a shareholder of both BLand and BCorporation. TSDT is a brother of TSVT.
Datuk Robert Yong Kuen Loke is a common director and a shareholder of both BLand and BCorporation.
Madam Vivienne Cheng Chi Fan, a director of Immediate Capital and an executive director of BCorporation, is also a shareholder of BCorporation.
Save as disclosed above, none of the other Directors and/or other major shareholders of BLand or persons connected with them has any interest, direct or indirect, in the Acquisitions. The Board of Directors of BLand (save for TSDT) is of the opinion that the Acquisitions are in the best interest of the BLand Group.
The Audit Committee of BLand is of the opinion that the Acquisitions are fair, reasonable and on normal commercial terms and are in the best interest of BLand Group. In addition, the Audit Committee is also of the view that the Acquisitions are not detrimental to the interest of the minority shareholders of BLand.
The highest percentage ratio applicable to the Acquisitions pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements is 0.25%.
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: ACQUISITIONS OF 0% 10-YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2005/2015 OF RM0.50 NOMINAL AMOUNT EACH IN BERJAYA CORPORATION BERHAD
Contents: Further to the Company's announcements dated 15 June 2010 and 2 July 2010 in relation to the above, the Board of Directors of Berjaya Land Berhad ("BLand") is pleased to announce that its wholly-owned subsidiary, Immediate Capital Sdn Bhd ("Immediate Capital") had further acquired from the open market a total of 18.75 million 0% 10-year irredeemable convertible unsecured loan stocks 2005/2015 of RM0.50 nominal amount each ("BCorporation ICULS") in Berjaya Corporation Berhad ("BCorporation") during the period from 2 July 2010 to 7 January 2011 for a total cash consideration of about RM12.95 million or at an average purchase price of about RM0.69 per BCorporation ICULS ("Acquisitions").
The cash considerations of the Acquisitions were based on prevailing market prices of BCorporation ICULS at the time of acquisitions. The BCorporation ICULS were acquired free and clear of all liens, charges and claims of any kind or restriction. The Acquisitions represent an opportunity for Immediate Capital to increase its investment in BCorporation with its surplus internally generated funds.
Following the Acquisitions, BLand Group now holds a total of 208.17 million BCorporation ICULS.
The Acquisitions have no effect on the issued and paid-up share capital or substantial shareholders' shareholdings of BLand. The Acquisitions also have no material effects on the net assets and earnings per share of the BLand Group for the current financial year ending 30 April 2011.
The Acquisitions are not subject to the approval of the shareholders of BLand or any other relevant authorities.
Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT") is a major shareholder of both BLand and BCorporation. TSVT is the Chairman of BCorporation.
Tan Sri Dato' Tan Chee Sing ("TSDT") is the Deputy Chairman and a shareholder of both BLand and BCorporation. TSDT is a brother of TSVT.
Datuk Robert Yong Kuen Loke is a common director and a shareholder of both BLand and BCorporation.
Madam Vivienne Cheng Chi Fan, a director of Immediate Capital and an executive director of BCorporation, is also a shareholder of BCorporation.
Save as disclosed above, none of the other Directors and/or other major shareholders of BLand or persons connected with them has any interest, direct or indirect, in the Acquisitions. The Board of Directors of BLand (save for TSDT) is of the opinion that the Acquisitions are in the best interest of the BLand Group.
The Audit Committee of BLand is of the opinion that the Acquisitions are fair, reasonable and on normal commercial terms and are in the best interest of BLand Group. In addition, the Audit Committee is also of the view that the Acquisitions are not detrimental to the interest of the minority shareholders of BLand.
The highest percentage ratio applicable to the Acquisitions pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements is 0.25%.
LIONIND - RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING
Announcement Type: General Announcement
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING
Contents: We wish to inform that at the Extraordinary General Meeting of Lion Industries Corporation Berhad held on 10 January 2011:
(i) The shareholders of the Company have approved all the resolutions as set out in the attached file.
(ii) Ordinary Resolution 3, Ordinary Resolution 6 and Ordinary Resolution 8 in respect of the proposed grant of options to Y. Bhg. Tan Sri Cheng Yong Kim, Mr Cheng Yong Liang and Mr Cheng Theng How respectively were withdrawn.
Attachments: LICB-EGM.pdf
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 10/01/2011
Announcement Detail:
Type: Announcement
Subject: RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING
Contents: We wish to inform that at the Extraordinary General Meeting of Lion Industries Corporation Berhad held on 10 January 2011:
(i) The shareholders of the Company have approved all the resolutions as set out in the attached file.
(ii) Ordinary Resolution 3, Ordinary Resolution 6 and Ordinary Resolution 8 in respect of the proposed grant of options to Y. Bhg. Tan Sri Cheng Yong Kim, Mr Cheng Yong Liang and Mr Cheng Theng How respectively were withdrawn.
Attachments: LICB-EGM.pdf
No comments:
Post a Comment