MOBIF - General Announcement
Announcement Type: General Announcement
Company Name: MOBIF BERHAD (ACE Market)
Stock Name: MOBIF
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: MOBIF BERHAD ("MB") - ANNOUNCEMENT ON THE ACQUISITION OF 100% EQUITY INTEREST IN SPHERE VINTAGE SDN BHD ("SVSB").
Contents: 1. INTRODUCTION
The Board of Directors of Mobif Berhad is pleased to announce that MB had, on 19 January 2011, acquired Two (2) ordinary shares of RM1.00 each representing 100% of the total issued and paid-up capital of SVSB for a cash consideration sum of RM2.00 only ("the Acquisition"). Upon the Acquisition , SVSB becomes a 100%-owned subsidiary of MB.
2. BACKGROUND INFORMATION
SVSB is a company incorporated in Malaysia on 24 November 2010 and has an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up. The principal activity of SVSB is in the construction, structural, civil, mechanical, electrical engineering and related field.
3. FINANCIAL EFFECT
The Acquisition does not have any material impact on the earnings, gearing and net assets per share of the Mobif group for the current financial year.
The Acquisition also does not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of MB.
No liability is assumed by MB in the above Acquisition.
4. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST
None of the Directors and/or Substantial Shareholders of the Company and/or persons connected to them has any interest directly or indirectly in the Acquisition.
5. APPROVAL REQUIRED
The Acquisition is not subject to the approval of shareholders and/or any regulatory authorities.
6. STAEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of MB is of the opinion that the Acquisition is in the best interest of the future operations of MB.
This announcement is dated 19 January 2011.
Company Name: MOBIF BERHAD (ACE Market)
Stock Name: MOBIF
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: MOBIF BERHAD ("MB") - ANNOUNCEMENT ON THE ACQUISITION OF 100% EQUITY INTEREST IN SPHERE VINTAGE SDN BHD ("SVSB").
Contents: 1. INTRODUCTION
The Board of Directors of Mobif Berhad is pleased to announce that MB had, on 19 January 2011, acquired Two (2) ordinary shares of RM1.00 each representing 100% of the total issued and paid-up capital of SVSB for a cash consideration sum of RM2.00 only ("the Acquisition"). Upon the Acquisition , SVSB becomes a 100%-owned subsidiary of MB.
2. BACKGROUND INFORMATION
SVSB is a company incorporated in Malaysia on 24 November 2010 and has an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up. The principal activity of SVSB is in the construction, structural, civil, mechanical, electrical engineering and related field.
3. FINANCIAL EFFECT
The Acquisition does not have any material impact on the earnings, gearing and net assets per share of the Mobif group for the current financial year.
The Acquisition also does not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of MB.
No liability is assumed by MB in the above Acquisition.
4. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST
None of the Directors and/or Substantial Shareholders of the Company and/or persons connected to them has any interest directly or indirectly in the Acquisition.
5. APPROVAL REQUIRED
The Acquisition is not subject to the approval of shareholders and/or any regulatory authorities.
6. STAEMENT BY THE BOARD OF DIRECTORS
The Board of Directors of MB is of the opinion that the Acquisition is in the best interest of the future operations of MB.
This announcement is dated 19 January 2011.
CUSCAPI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: CUSCAPI BERHAD (ACE Market)
Stock Name: CUSCAPI
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: CUSCAPI BERHAD ("CUSCAPI" OR "COMPANY")
I. PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF CUSCAPI AND ITS SUBSIDIARY COMPANIES ("PROPOSED ESOS"); AND
II. PROPOSED AUTHORITY FOR THE COMPANY TO PURCHASE UP TO TEN PERCENT (10%) OF ITS ISSUED AND PAID-UP SHARE CAPITAL ("PROPOSED SHARE BUY-BACK)
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Contents: We refer to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Cuscapi, HwangDBS Investment Bank Berhad ("HwangDBS") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated today, approved the listing of such number of additional new ordinary shares of RM0.10 each in Cuscapi, representing up to 20% of the issued and paid-up ordinary share capital Cuscapi, to be issued pursuant to the exercise of options under the Proposed ESOS subject to, amongst others, HwangDBS submitting a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.44(1) of the Listing Requirements of Bursa Securities for the ACE Market and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders of Cuscapi in a general meeting.
This announcement is dated 19 January 2011.
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: CUSCAPI BERHAD (ACE Market)
Stock Name: CUSCAPI
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: CUSCAPI BERHAD ("CUSCAPI" OR "COMPANY")
I. PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF CUSCAPI AND ITS SUBSIDIARY COMPANIES ("PROPOSED ESOS"); AND
II. PROPOSED AUTHORITY FOR THE COMPANY TO PURCHASE UP TO TEN PERCENT (10%) OF ITS ISSUED AND PAID-UP SHARE CAPITAL ("PROPOSED SHARE BUY-BACK)
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Contents: We refer to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Cuscapi, HwangDBS Investment Bank Berhad ("HwangDBS") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated today, approved the listing of such number of additional new ordinary shares of RM0.10 each in Cuscapi, representing up to 20% of the issued and paid-up ordinary share capital Cuscapi, to be issued pursuant to the exercise of options under the Proposed ESOS subject to, amongst others, HwangDBS submitting a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.44(1) of the Listing Requirements of Bursa Securities for the ACE Market and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders of Cuscapi in a general meeting.
This announcement is dated 19 January 2011.
NOTION - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: NOTION VTEC BERHAD
Stock Name: NOTION
Date Announced: 19/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-110118-35916
Subject: NOTION VTEC BERHAD ("NVB" or "Company")
EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS FROM THE PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY
Contents: We refer to the announcement dated 13 January 2011 in relation to the above matter.
The Company wishes to clarify that the Company changed its plans from constructing a pure CNC machining facility to now a facility which also includes a sub-assembly line for lenses and provision of adequate storage space. The new facility will create an additional space of approximately 75,000 sq ft.
This is in line with the Company's plans to move up the supply chain by expanding our suite of products and services offered to potential and existing customers.
This announcement is dated 19 January 2011.
Query Letter content: We refer to the announcement dated 13 January 2011 in respect of the above
captioned matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-
1. The reason for the change of plan from constructing a pure CNC machinery to
a facility which caters for sub-assembly of lenses and provision of adequate
storage space.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: NOTION VTEC BERHAD
Stock Name: NOTION
Date Announced: 19/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-110118-35916
Subject: NOTION VTEC BERHAD ("NVB" or "Company")
EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS FROM THE PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY
Contents: We refer to the announcement dated 13 January 2011 in relation to the above matter.
The Company wishes to clarify that the Company changed its plans from constructing a pure CNC machining facility to now a facility which also includes a sub-assembly line for lenses and provision of adequate storage space. The new facility will create an additional space of approximately 75,000 sq ft.
This is in line with the Company's plans to move up the supply chain by expanding our suite of products and services offered to potential and existing customers.
This announcement is dated 19 January 2011.
Query Letter content: We refer to the announcement dated 13 January 2011 in respect of the above
captioned matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-
1. The reason for the change of plan from constructing a pure CNC machinery to
a facility which caters for sub-assembly of lenses and provision of adequate
storage space.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
ETITECH - General Announcement
Announcement Type: General Announcement
Company Name: ETI TECH CORPORATION BERHAD
Stock Name: ETITECH
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: ETI TECH CORPORATION BERHAD ("ETICB" OR THE "COMPANY")
-MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN ETI TECH (M) SDN. BHD. AND SIRIM BERHAD
Contents: With reference to our announcement dated October 19, 2010 in relation to the Memorandum of Understanding ("MoU") signed between ETI Tech (M) Sdn Bhd (ETMSB) (a wholly owned subsidiary of ETICB) with SIRIM BERHAD to establish a partnership to develop the necessary testing technology and safety approval standards for the medium to high power lithium based battery for various industry applications e.g., solar, electric vehicles and other applications in the domestic as well as international markets.
Pursuant to Rule 9.29 of the Bursa Securities Main Market Listing Requirements, ETI Tech wishes to update that in line with the above MoU, ETMSB had collaborated with SIRIM in developing the undermentioned Solar Power Solution System as the Pilot Project for both parties:-
1) Solar Power Solution System (Model : SPSS2000PSW1) for Surau in Kg Gontoi, Kota Marudu, Sabah.
2) Solar Power Solution System (Model : SPSS2000PSW2) for Solar Generation Lab test at Bukit Jalil.
3) Solar Power Solution System (Model : SPSS2000PSW2) for Surau in Kg Kundang, Pahang.
This announcement is dated January 19, 2011.
Company Name: ETI TECH CORPORATION BERHAD
Stock Name: ETITECH
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: ETI TECH CORPORATION BERHAD ("ETICB" OR THE "COMPANY")
-MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN ETI TECH (M) SDN. BHD. AND SIRIM BERHAD
Contents: With reference to our announcement dated October 19, 2010 in relation to the Memorandum of Understanding ("MoU") signed between ETI Tech (M) Sdn Bhd (ETMSB) (a wholly owned subsidiary of ETICB) with SIRIM BERHAD to establish a partnership to develop the necessary testing technology and safety approval standards for the medium to high power lithium based battery for various industry applications e.g., solar, electric vehicles and other applications in the domestic as well as international markets.
Pursuant to Rule 9.29 of the Bursa Securities Main Market Listing Requirements, ETI Tech wishes to update that in line with the above MoU, ETMSB had collaborated with SIRIM in developing the undermentioned Solar Power Solution System as the Pilot Project for both parties:-
1) Solar Power Solution System (Model : SPSS2000PSW1) for Surau in Kg Gontoi, Kota Marudu, Sabah.
2) Solar Power Solution System (Model : SPSS2000PSW2) for Solar Generation Lab test at Bukit Jalil.
3) Solar Power Solution System (Model : SPSS2000PSW2) for Surau in Kg Kundang, Pahang.
This announcement is dated January 19, 2011.
SUMATEC - General Announcement
Announcement Type: General Announcement
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC")
- DISPOSAL OF PROPERTY BY SUMATEC CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUMATEC FOR A CASH CONSIDERATION OF RM12 MILLION ("DISPOSAL OF PROPERTY")
Contents: The Board of Directors of Sumatec wishes to announce that Sumatec Corporation Sdn Bhd, a wholly-owned subsidiary of the Company has on 17 January 2011 entered into the Sale and Purchase Agreement with Translift Sdn Bhd in relation to the disposal of property for a cash consideration of Ringgit Malaysia Twelve Million (RM12.0 million) only.
Further details on the Disposal of Property are set out in the attachment.
This announcement is dated 19 January 2011.
Attachments: SRB - Announcement on Disposal of Land to Translift.doc
Company Name: SUMATEC RESOURCES BERHAD
Stock Name: SUMATEC
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC")
- DISPOSAL OF PROPERTY BY SUMATEC CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUMATEC FOR A CASH CONSIDERATION OF RM12 MILLION ("DISPOSAL OF PROPERTY")
Contents: The Board of Directors of Sumatec wishes to announce that Sumatec Corporation Sdn Bhd, a wholly-owned subsidiary of the Company has on 17 January 2011 entered into the Sale and Purchase Agreement with Translift Sdn Bhd in relation to the disposal of property for a cash consideration of Ringgit Malaysia Twelve Million (RM12.0 million) only.
Further details on the Disposal of Property are set out in the attachment.
This announcement is dated 19 January 2011.
Attachments: SRB - Announcement on Disposal of Land to Translift.doc
SDRED - Selangor Dredging Berhad ("the Company") - Dealing in Securities During Closed Period
Announcement Type: General Announcement
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Selangor Dredging Berhad ("the Company")
- Dealing in Securities During Closed Period
Contents: This is to notify that the Company has received notification from the director of the Company, Ms Teh Lip Kim of her intention to deal in the securities of the Company during the closed period. Her current shareholdings in the Company's securities are as per table below.
This announcement is dated 19 January 2011.
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Selangor Dredging Berhad ("the Company")
- Dealing in Securities During Closed Period
Contents: This is to notify that the Company has received notification from the director of the Company, Ms Teh Lip Kim of her intention to deal in the securities of the Company during the closed period. Her current shareholdings in the Company's securities are as per table below.
This announcement is dated 19 January 2011.
ZELAN - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 19/01/2011
Announcement Detail:
Date of change: 19/01/2011
Type of change: Redesignation
Previous Position: Chairman & Director
New Position: Chairman & Executive Director
Directorate: Executive
Name: DATO' ANWAR AJI
Age: 60
Nationality: MALAYSIAN
Qualifications: (i)Master in International Studies, Ohio University, USA(1982)
(ii)Bachelor of Economics (Hons), University Malaya (1973)
Working experience and occupation: (i) Managing Director of Khazanah Nasional Berhad from 1994 to 2004.
(ii) Held various posts in the Government during his service between 1973 to 1994.
Directorship of public companies (if any): (i)CIMB Islamic Bank Berhad
(ii)CIMB Wealth Advisors Berhad
(iii) CIMB Principal Asset Management Berhad
(iv) SPJ Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Anwar Aji has no relationship with and not related to any Director and/or major shareholder of Zelan Berhad.
Any conflict of interests that he/she has with the listed issuer: Dato' Anwar Aji does not have any conflict of interest with Zelan Berhad.
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Remarks: The Board of Directors of Zelan Berhad has agreed to re-designate YBhg. Dato' Anwar Aji as Executive Chairman. He will be responsible for the day-to-day operations of the Group.
Company Name: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 19/01/2011
Announcement Detail:
Date of change: 19/01/2011
Type of change: Redesignation
Previous Position: Chairman & Director
New Position: Chairman & Executive Director
Directorate: Executive
Name: DATO' ANWAR AJI
Age: 60
Nationality: MALAYSIAN
Qualifications: (i)Master in International Studies, Ohio University, USA(1982)
(ii)Bachelor of Economics (Hons), University Malaya (1973)
Working experience and occupation: (i) Managing Director of Khazanah Nasional Berhad from 1994 to 2004.
(ii) Held various posts in the Government during his service between 1973 to 1994.
Directorship of public companies (if any): (i)CIMB Islamic Bank Berhad
(ii)CIMB Wealth Advisors Berhad
(iii) CIMB Principal Asset Management Berhad
(iv) SPJ Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Dato' Anwar Aji has no relationship with and not related to any Director and/or major shareholder of Zelan Berhad.
Any conflict of interests that he/she has with the listed issuer: Dato' Anwar Aji does not have any conflict of interest with Zelan Berhad.
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Remarks: The Board of Directors of Zelan Berhad has agreed to re-designate YBhg. Dato' Anwar Aji as Executive Chairman. He will be responsible for the day-to-day operations of the Group.
MFCB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 13,000
Minimum price paid for each share purchased ($$): 1.710
Maximum price paid for each share purchased ($$): 1.730
Total consideration paid ($$): 22,378.01
Number of shares purchased retained in treasury (units): 13,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,899,700
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.74
Remarks: This announcement is dated 19 January 2011.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 13,000
Minimum price paid for each share purchased ($$): 1.710
Maximum price paid for each share purchased ($$): 1.730
Total consideration paid ($$): 22,378.01
Number of shares purchased retained in treasury (units): 13,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 13,899,700
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.74
Remarks: This announcement is dated 19 January 2011.
E&O - E&O-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 19/01/2011
Announcement Detail:
Subject: E&O-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 21,000 new stock units of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 24 January 2011.
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 19/01/2011
Announcement Detail:
Subject: E&O-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 21,000 new stock units of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 24 January 2011.
OILCORP - PN17-DE-LISTING
Announcement Type: Listing Circular
Company Name: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 19/01/2011
Announcement Detail:
Subject: PN17-DE-LISTING
Contents: The High Court had on 18 January 2011 allowed the application by Bursa Malaysia Securities Berhad ("Bursa Securities") to intervene and set aside the High Court Order dated 9 November 2010 to restrain Bursa Securities from de-listing the securities of OILCORP from the Official List of Bursa Securities. In the circumstances and in accordance with Bursa Securities' decision as stated in the letter dated 9 November 2010 which was announced by the Company on 10 November 2010, the securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 25 January 2011.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
Company Name: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 19/01/2011
Announcement Detail:
Subject: PN17-DE-LISTING
Contents: The High Court had on 18 January 2011 allowed the application by Bursa Malaysia Securities Berhad ("Bursa Securities") to intervene and set aside the High Court Order dated 9 November 2010 to restrain Bursa Securities from de-listing the securities of OILCORP from the Official List of Bursa Securities. In the circumstances and in accordance with Bursa Securities' decision as stated in the letter dated 9 November 2010 which was announced by the Company on 10 November 2010, the securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 25 January 2011.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
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