MPHB - General Announcement
Announcement Type: General Announcement
Company Name: MULTI-PURPOSE HOLDINGS BERHAD
Stock Name: MPHB
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Dealings In Securities Of Multi-Purpose Holdings Berhad Outside Closed Period By A Director Pursuant To Chapter 14 Of the Listing Requirements Of Bursa Malaysia Securities Berhad
Contents: Multi-Purpose Holdings Berhad ("MPHB") has today, 19 January 2011, received a notification from Dato' Surin Upatkoon, the Managing Director of MPHB, in relation to MWE Holdings Berhad's dealing in 250,000 ordinary shares of RM1.00 each of MPHB, which were outside the closed period (as defined in Chapter 14).
Dato' Surin Upatkoon has an indirect interest in the above shares by virtue of Section 6A(4) of the Companies Act, 1965 held through Pinjaya Sdn Bhd, a company in which Dato' Surin Upatkoon has more than 15% interest, which in turn is a substantial shareholder of MWE Holdings Berhad.
Company Name: MULTI-PURPOSE HOLDINGS BERHAD
Stock Name: MPHB
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Dealings In Securities Of Multi-Purpose Holdings Berhad Outside Closed Period By A Director Pursuant To Chapter 14 Of the Listing Requirements Of Bursa Malaysia Securities Berhad
Contents: Multi-Purpose Holdings Berhad ("MPHB") has today, 19 January 2011, received a notification from Dato' Surin Upatkoon, the Managing Director of MPHB, in relation to MWE Holdings Berhad's dealing in 250,000 ordinary shares of RM1.00 each of MPHB, which were outside the closed period (as defined in Chapter 14).
Dato' Surin Upatkoon has an indirect interest in the above shares by virtue of Section 6A(4) of the Companies Act, 1965 held through Pinjaya Sdn Bhd, a company in which Dato' Surin Upatkoon has more than 15% interest, which in turn is a substantial shareholder of MWE Holdings Berhad.
MULPHA - 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: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back from: 10/01/2011
Date of buy back to: 17/01/2011
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 83,900
Minimum price paid for each share purchased ($$): 0.640
Maximum price paid for each share purchased ($$): 0.640
Total amount paid for shares purchased ($$): 54,088.28
The name of the stock exchange through which the shares were purchased: BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units): 83,900
Total number of shares retained in treasury (units): 11,139,600
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 2,355,913,158
Date lodged with registrar of companies: 19/01/2011
Lodged by: Mulpha International Bhd
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back from: 10/01/2011
Date of buy back to: 17/01/2011
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 83,900
Minimum price paid for each share purchased ($$): 0.640
Maximum price paid for each share purchased ($$): 0.640
Total amount paid for shares purchased ($$): 54,088.28
The name of the stock exchange through which the shares were purchased: BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units): 83,900
Total number of shares retained in treasury (units): 11,139,600
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 2,355,913,158
Date lodged with registrar of companies: 19/01/2011
Lodged by: Mulpha International Bhd
MULPHA - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 40,000
Minimum price paid for each share purchased ($$): 0.595
Maximum price paid for each share purchased ($$): 0.595
Total consideration paid ($$): 23,973.94
Number of shares purchased retained in treasury (units): 40,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 11,479,600
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.49
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary shares of RM 0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 40,000
Minimum price paid for each share purchased ($$): 0.595
Maximum price paid for each share purchased ($$): 0.595
Total consideration paid ($$): 23,973.94
Number of shares purchased retained in treasury (units): 40,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 11,479,600
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.49
UMLAND - Interim Dividend
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: UNITED MALAYAN LAND BERHAD
Stock Name: UMLAND
Date Announced: 19/01/2011
Announcement Detail:
EX-date: 02/02/2011
Entitlement date: 08/02/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: Tax Exempt Interim Dividend of 2.5 sen per ordinary shares of RM1.00 each.
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: 08/02/2011 to 08/02/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, Damansara Heights
50490 Kuala Lumpur
Tel No. 03-2084 9000
Payment date: 22/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/02/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.025
Remarks: This announcement is dated 19 January 2011.
Company Name: UNITED MALAYAN LAND BERHAD
Stock Name: UMLAND
Date Announced: 19/01/2011
Announcement Detail:
EX-date: 02/02/2011
Entitlement date: 08/02/2011
Entitlement time: 04:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: Tax Exempt Interim Dividend of 2.5 sen per ordinary shares of RM1.00 each.
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: 08/02/2011 to 08/02/2011 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, Damansara Heights
50490 Kuala Lumpur
Tel No. 03-2084 9000
Payment date: 22/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/02/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.025
Remarks: This announcement is dated 19 January 2011.
GLOMAC - General Announcement
Announcement Type: General Announcement
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification under Chapter 14 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Dealings in Securities
Contents: Pursuant to Paragraph 14.09(a) of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, wishes to notify that Glomac Berhad ("Glomac" or "the Company") received notification from the following director of dealings in securities of the Company. Please refer to the table below for further information.
This announcement is dated 19 January 2011.
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Notification under Chapter 14 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Dealings in Securities
Contents: Pursuant to Paragraph 14.09(a) of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, wishes to notify that Glomac Berhad ("Glomac" or "the Company") received notification from the following director of dealings in securities of the Company. Please refer to the table below for further information.
This announcement is dated 19 January 2011.
OSK - OSK-EXECUTIVE SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: OSK HOLDINGS BERHAD
Stock Name: OSK
Date Announced: 19/01/2011
Announcement Detail:
Subject: OSK-EXECUTIVE SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 52,500 new ordinary shares 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: OSK HOLDINGS BERHAD
Stock Name: OSK
Date Announced: 19/01/2011
Announcement Detail:
Subject: OSK-EXECUTIVE SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 52,500 new ordinary shares 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.
ORNA - General Announcement
Announcement Type: General Announcement
Company Name: ORNAPAPER BERHAD
Stock Name: ORNA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: ORNAPAPER BERHAD ("ORNA" or the "Company")
- ACQUISITION BY ORNAPAPER INDUSTRY (BATU PAHAT) SDN. BHD. OF LAND AND BUILDING FROM APPERMIT MOTOR SDN. BHD. ("ACQUISITION")
Contents: 1. INTRODUCTION
The Board of Directors of ORNA ("the Board") is pleased to announce that Ornapaper Industry (Batu Pahat) Sdn. Bhd. (Company No. 411405-W) ("OIBP" or "the Purchaser"), a wholly-owned subsidiary of ORNA, had on 19th January 2011 entered into a Sale and Purchase Agreement ("SPA") with Appermit Motor Sdn. Bhd. (Company No. 224375-K) ("AMSB" or "the Vendor") to acquire a piece of 60 years leasehold land with expiry date on 4th February 2058 measuring approximately 0.4047 hectare (1.000 acre) held under Hakmilik Sementara No. H.S. (D) 38426, PTD 35123, Mukim Simpang Kanan, Daerah Batu Pahat, Negeri Johor ("the said Land") together with building erected thereon bearing postal address ("the said Property") for a total purchase consideration of RM1,620,000-00 (Ringgit Malaysia: One Million Six Hundred and Twenty Thousand) only ("Purchase Price").
2. DETAILS OF THE ACQUISITION
2.1 Information on OIBP
OIBP was incorporated in Malaysia on 26th November 1996 as a private limited company with its Registered Office at 337A, First Floor, Jalan Ong Kim Wee, 75300 Melaka. The authorized share capital of OIBP is RM5,000,000-00 divided into 5,000,000 ordinary shares of RM1-00 each and the paid-up share capital is RM1,000,000-00 divided into 1,000,000 ordinary shares of RM1-00 each.
The principal activities of OIBP are manufacturing and sale of carton boxes.
2.2 Basis of purchase consideration
The purchase consideration is based on a "willing-buyer willing-seller" basis.
2.3 Mode of satisfaction of the purchase consideration
The Acquisition will be funded by internally generated funds and bank borrowings.
The mode of payment are as follows:-
(a) A sum of RM324,000-00 only was paid by OIBP to the Vendor as a deposit upon signing of the SPA;
(b) The balance of the Purchase Price of RM1,296,000-00 only shall be paid within three (3) months from the date of receipt of written approval of the Vendor's application for Consent to Transfer (if applicable) by the Solicitors or within three (3) months from the date of the SPA whichever is the later (hereinafter called "the Completion Date") with an extension period of one (1) month (hereinafter called "the Extended Completion Date") subject to payment of interest at the rate of 8.00% per annum on the balance outstanding.
2.4 Salient terms of the SPA
The salient terms of the SPA includes the following:-
(a) The Vendor has agreed to sell and the Purchaser has agreed to purchase the said Property free from all encumbrances other than those imposed and implied by the provisions of the SPA and with vacant possession at the time of completion of sale.
(b) In the event that the title of the said Property has a restriction in interest that it cannot be transferred or sold without the consent of any relevant authority or State Government, the conditions below shall apply to the SPA:-
i. Upon the signing of the SPA, the Vendor shall make the necessary application to the relevant authority for the approval of the sale and transfer of the said Property to the Purchaser or his nominee(s) and all costs and expenses incurred shall be borne by the Vendor in all respects.
ii. In the event that the consent for the transfer is not obtained or granted by the relevant authority then the Vendor shall refund all money paid as mentioned in Third Schedule of the SPA to the Purchaser without interest and upon such payment being made the SPA shall be null and void.
iii. In the event that the consent is not obtained within twelve(12) months from the date hereof the Purchaser may (but is not obliged) terminate the SPA in which event the Vendor shall refund all money paid without interest.
(c) Passing of risks: The parties hereto hereby agree that all risks of the said Property shall pass to the Purchaser only on the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser.
(d) Insurance: The risk and the benefit of any insurance on the said Property shall remain with the Vendor until the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser whereupon the risk shall pass to the Purchaser. The Purchaser shall be responsible for arranging insurance coverage on the said Property with effect from the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser.
(e) Further terms of the SPA are incorporated below:-
i. The said Property is sold on an 'as-is-where-is' basis.
ii. The said Property is sold with the fixtures and fittings in the Inventory annexed to the SPA.
iii. The Vendor shall be permitted to continue to be in occupation of the said Property for a period of six months commencing from the date of full settlement of the balance Purchase Price subject to the Vendor paying the Purchaser the agreed monthly rental of RM4,500-00 per month.
iv. In the event the Vendor is unable to surrender possession after the period of six months mentioned above, the Purchaser hereby agrees to grant the Vendor a further six months period to occupy the same at the similar rate of monthly rental.
In the event that the terms (if any) contained above are different or inconsistent with the other terms or clauses contained in the SPA, the terms contained above shall prevail but only to the extent that such terms above are inconsistent or different from the other terms or clauses.
(f) The Vendor's Solicitors shall deduct a sum equivalent to 5% of the Purchase Price from the Deposit paid and shall remit the same within sixty (60) days to Lembaga Hasil Dalam Negeri in compliance with the Real Property Gains Tax Act.
(g) In the event the Vendor is able to furnish documentary evidence that the said Property had been acquired for a period exceeding five (5) years from the date of the SPA, the Vendor shall execute the relevant Borang CKHT 3 and remit the same to the Purchaser's Solicitors within thirty (30) days from the date of the SPA.
(h) The parties hereto shall each comply with the relevant provisions of the Real Property Gains Tax Act 1976 and any subsequent amendments thereto with regard to this transaction by submitting to the Director-General of Inland Revenue, Malaysia within (60) days of the date hereof, a notification of disposal in the case of the Vendor and a notification of acquisition in the case of the Purchaser, both in the prescribed form, together with all such particulars as are called for thereby and the parties hereto hereby irrevocably authorise the Vendor's Solicitors to retain from the said balance of the Purchase Price a sum stated in the Sixth Schedule of the SPA for the payment of the said tax. If the tax when assessed is less than the amount retained, the Vendor's Solicitors shall refund any balance thereof to the Vendor while if the tax is more than the sum retained, the Vendor shall make good and pay any difference between the tax and the amount retained.
2.5. Information of Vendor
AMSB was incorporated in Malaysia under the Companies Act, 1965 on 3rd September 1991 with its principal place of business at No. 1, Jalan Wawasan 5, Kawasan Perindustrian Sri Gading, 83009 Batu Pahat, Johor. The present authorized share capital of AMSB is RM500,000-00 divided into 500,000 ordinary shares of RM1-00 each and paid-up capital of RM440,000-00 divided into 440,000 ordinary shares of RM1-00.
AMSB's principal activities are dealer in motor vehicles, insurance and related spare parts and accessories; and the servicing and repairing of motor vehicles.
2.6 Liabilities to be assumed
No other liabilities shall be assumed by OIBP from the Acquisition.
2.7 Information on the Property
All that piece of land held under Hakmilik Sementara No. H.S. (D) 38426, PTD 35123, Mukim Simpang Kanan, Daerah Batu Pahat, Negeri Johor together with building erected thereon bearing postal address.
Currently the said land is charged to HSBC Bank Malaysia Berhad.
3. RATIONALE FOR THE ACQUISITION
The Property acquisition is to enhance the efficiency of workers of OISB and OISB to save the rental of the existing factory.
The Acquisition will increase the development of the Group and will contribute higher earning in the near future.
4. RISK FACTORS
No risk shall be assumed by OISB as the increased in the productivity will definitely contribute a higher turnover and higher earning to OISB and ORNA group, although OISB is required to proceed with some renovation works on the said Property so purchased.
5. EFFECTS OF THE ACQUISITION
5.1 Issued and paid-up share capital and substantial shareholders' shareholdings
The Acquisition will not have any effect on the issued and paid-up share capital of ORNA and the substantial shareholders' shareholding in ORNA as it does not involve any new issuance of ORNA shares.
5.2 Earnings and Earnings per Share ("EPS")
Barring unforeseen circumstances, the Acquisition is expected to contribute positively to the earnings and EPS of ORNA group in the future. However, at this juncture, ORNA is not able to determine the extent of the earnings contribution resulting from the Acquisition.
5.3 Net Assets per share and gearing ("NTA")
The Acquisition is not expected to have any material impact on the net assets per share and gearing of ORNA.
6. APPROVALS REQUIRED
The Acquisition is not subject to and conditional upon approvals being obtained from the shareholders of ORNA or any other relevant regulatory authorities, as the highest percentage ratio applicable to the Acquisition pursuant to Chapter 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 7%.
7. COMPLIANCE WITH THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES
The Board is not aware of any departure from the Securities Commission's Guidelines in relation to the Acquisition.
8. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or substantial shareholders and persons connected with them has any interest, whether direct or indirect, in the Acquisition.
9. DIRECTORS' STATEMENT
The Board, having considered all aspects of the Acquisition is of the opinion that the terms and conditions of the Acquisition are fair and reasonable and are in the best interest of the Company and group.
10. DOCUMENTS FOR INSPECTION
The SPA will be made available for inspected at the Registered Office of the Company at Lot 1A, 6th Floor, Menara Pertam, Jalan BBP 2, Taman Batu Berendam Putra, Batu Berendam, 75350 Melaka for a period of three (3) months from the date of this announcement.
This announcement is dated 19th January 2011.
Company Name: ORNAPAPER BERHAD
Stock Name: ORNA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: ORNAPAPER BERHAD ("ORNA" or the "Company")
- ACQUISITION BY ORNAPAPER INDUSTRY (BATU PAHAT) SDN. BHD. OF LAND AND BUILDING FROM APPERMIT MOTOR SDN. BHD. ("ACQUISITION")
Contents: 1. INTRODUCTION
The Board of Directors of ORNA ("the Board") is pleased to announce that Ornapaper Industry (Batu Pahat) Sdn. Bhd. (Company No. 411405-W) ("OIBP" or "the Purchaser"), a wholly-owned subsidiary of ORNA, had on 19th January 2011 entered into a Sale and Purchase Agreement ("SPA") with Appermit Motor Sdn. Bhd. (Company No. 224375-K) ("AMSB" or "the Vendor") to acquire a piece of 60 years leasehold land with expiry date on 4th February 2058 measuring approximately 0.4047 hectare (1.000 acre) held under Hakmilik Sementara No. H.S. (D) 38426, PTD 35123, Mukim Simpang Kanan, Daerah Batu Pahat, Negeri Johor ("the said Land") together with building erected thereon bearing postal address ("the said Property") for a total purchase consideration of RM1,620,000-00 (Ringgit Malaysia: One Million Six Hundred and Twenty Thousand) only ("Purchase Price").
2. DETAILS OF THE ACQUISITION
2.1 Information on OIBP
OIBP was incorporated in Malaysia on 26th November 1996 as a private limited company with its Registered Office at 337A, First Floor, Jalan Ong Kim Wee, 75300 Melaka. The authorized share capital of OIBP is RM5,000,000-00 divided into 5,000,000 ordinary shares of RM1-00 each and the paid-up share capital is RM1,000,000-00 divided into 1,000,000 ordinary shares of RM1-00 each.
The principal activities of OIBP are manufacturing and sale of carton boxes.
2.2 Basis of purchase consideration
The purchase consideration is based on a "willing-buyer willing-seller" basis.
2.3 Mode of satisfaction of the purchase consideration
The Acquisition will be funded by internally generated funds and bank borrowings.
The mode of payment are as follows:-
(a) A sum of RM324,000-00 only was paid by OIBP to the Vendor as a deposit upon signing of the SPA;
(b) The balance of the Purchase Price of RM1,296,000-00 only shall be paid within three (3) months from the date of receipt of written approval of the Vendor's application for Consent to Transfer (if applicable) by the Solicitors or within three (3) months from the date of the SPA whichever is the later (hereinafter called "the Completion Date") with an extension period of one (1) month (hereinafter called "the Extended Completion Date") subject to payment of interest at the rate of 8.00% per annum on the balance outstanding.
2.4 Salient terms of the SPA
The salient terms of the SPA includes the following:-
(a) The Vendor has agreed to sell and the Purchaser has agreed to purchase the said Property free from all encumbrances other than those imposed and implied by the provisions of the SPA and with vacant possession at the time of completion of sale.
(b) In the event that the title of the said Property has a restriction in interest that it cannot be transferred or sold without the consent of any relevant authority or State Government, the conditions below shall apply to the SPA:-
i. Upon the signing of the SPA, the Vendor shall make the necessary application to the relevant authority for the approval of the sale and transfer of the said Property to the Purchaser or his nominee(s) and all costs and expenses incurred shall be borne by the Vendor in all respects.
ii. In the event that the consent for the transfer is not obtained or granted by the relevant authority then the Vendor shall refund all money paid as mentioned in Third Schedule of the SPA to the Purchaser without interest and upon such payment being made the SPA shall be null and void.
iii. In the event that the consent is not obtained within twelve(12) months from the date hereof the Purchaser may (but is not obliged) terminate the SPA in which event the Vendor shall refund all money paid without interest.
(c) Passing of risks: The parties hereto hereby agree that all risks of the said Property shall pass to the Purchaser only on the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser.
(d) Insurance: The risk and the benefit of any insurance on the said Property shall remain with the Vendor until the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser whereupon the risk shall pass to the Purchaser. The Purchaser shall be responsible for arranging insurance coverage on the said Property with effect from the date of delivery of vacant possession of the said Property by the Vendor to the Purchaser.
(e) Further terms of the SPA are incorporated below:-
i. The said Property is sold on an 'as-is-where-is' basis.
ii. The said Property is sold with the fixtures and fittings in the Inventory annexed to the SPA.
iii. The Vendor shall be permitted to continue to be in occupation of the said Property for a period of six months commencing from the date of full settlement of the balance Purchase Price subject to the Vendor paying the Purchaser the agreed monthly rental of RM4,500-00 per month.
iv. In the event the Vendor is unable to surrender possession after the period of six months mentioned above, the Purchaser hereby agrees to grant the Vendor a further six months period to occupy the same at the similar rate of monthly rental.
In the event that the terms (if any) contained above are different or inconsistent with the other terms or clauses contained in the SPA, the terms contained above shall prevail but only to the extent that such terms above are inconsistent or different from the other terms or clauses.
(f) The Vendor's Solicitors shall deduct a sum equivalent to 5% of the Purchase Price from the Deposit paid and shall remit the same within sixty (60) days to Lembaga Hasil Dalam Negeri in compliance with the Real Property Gains Tax Act.
(g) In the event the Vendor is able to furnish documentary evidence that the said Property had been acquired for a period exceeding five (5) years from the date of the SPA, the Vendor shall execute the relevant Borang CKHT 3 and remit the same to the Purchaser's Solicitors within thirty (30) days from the date of the SPA.
(h) The parties hereto shall each comply with the relevant provisions of the Real Property Gains Tax Act 1976 and any subsequent amendments thereto with regard to this transaction by submitting to the Director-General of Inland Revenue, Malaysia within (60) days of the date hereof, a notification of disposal in the case of the Vendor and a notification of acquisition in the case of the Purchaser, both in the prescribed form, together with all such particulars as are called for thereby and the parties hereto hereby irrevocably authorise the Vendor's Solicitors to retain from the said balance of the Purchase Price a sum stated in the Sixth Schedule of the SPA for the payment of the said tax. If the tax when assessed is less than the amount retained, the Vendor's Solicitors shall refund any balance thereof to the Vendor while if the tax is more than the sum retained, the Vendor shall make good and pay any difference between the tax and the amount retained.
2.5. Information of Vendor
AMSB was incorporated in Malaysia under the Companies Act, 1965 on 3rd September 1991 with its principal place of business at No. 1, Jalan Wawasan 5, Kawasan Perindustrian Sri Gading, 83009 Batu Pahat, Johor. The present authorized share capital of AMSB is RM500,000-00 divided into 500,000 ordinary shares of RM1-00 each and paid-up capital of RM440,000-00 divided into 440,000 ordinary shares of RM1-00.
AMSB's principal activities are dealer in motor vehicles, insurance and related spare parts and accessories; and the servicing and repairing of motor vehicles.
2.6 Liabilities to be assumed
No other liabilities shall be assumed by OIBP from the Acquisition.
2.7 Information on the Property
All that piece of land held under Hakmilik Sementara No. H.S. (D) 38426, PTD 35123, Mukim Simpang Kanan, Daerah Batu Pahat, Negeri Johor together with building erected thereon bearing postal address.
Currently the said land is charged to HSBC Bank Malaysia Berhad.
3. RATIONALE FOR THE ACQUISITION
The Property acquisition is to enhance the efficiency of workers of OISB and OISB to save the rental of the existing factory.
The Acquisition will increase the development of the Group and will contribute higher earning in the near future.
4. RISK FACTORS
No risk shall be assumed by OISB as the increased in the productivity will definitely contribute a higher turnover and higher earning to OISB and ORNA group, although OISB is required to proceed with some renovation works on the said Property so purchased.
5. EFFECTS OF THE ACQUISITION
5.1 Issued and paid-up share capital and substantial shareholders' shareholdings
The Acquisition will not have any effect on the issued and paid-up share capital of ORNA and the substantial shareholders' shareholding in ORNA as it does not involve any new issuance of ORNA shares.
5.2 Earnings and Earnings per Share ("EPS")
Barring unforeseen circumstances, the Acquisition is expected to contribute positively to the earnings and EPS of ORNA group in the future. However, at this juncture, ORNA is not able to determine the extent of the earnings contribution resulting from the Acquisition.
5.3 Net Assets per share and gearing ("NTA")
The Acquisition is not expected to have any material impact on the net assets per share and gearing of ORNA.
6. APPROVALS REQUIRED
The Acquisition is not subject to and conditional upon approvals being obtained from the shareholders of ORNA or any other relevant regulatory authorities, as the highest percentage ratio applicable to the Acquisition pursuant to Chapter 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 7%.
7. COMPLIANCE WITH THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES
The Board is not aware of any departure from the Securities Commission's Guidelines in relation to the Acquisition.
8. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or substantial shareholders and persons connected with them has any interest, whether direct or indirect, in the Acquisition.
9. DIRECTORS' STATEMENT
The Board, having considered all aspects of the Acquisition is of the opinion that the terms and conditions of the Acquisition are fair and reasonable and are in the best interest of the Company and group.
10. DOCUMENTS FOR INSPECTION
The SPA will be made available for inspected at the Registered Office of the Company at Lot 1A, 6th Floor, Menara Pertam, Jalan BBP 2, Taman Batu Berendam Putra, Batu Berendam, 75350 Melaka for a period of three (3) months from the date of this announcement.
This announcement is dated 19th January 2011.
KAF - Quarterly rpt on consolidated results for the financial period ended 30/11/2010
Announcement Type: Financial Results
Company Name: KAF-SEAGROATT & CAMPBELL BERHAD
Stock Name: KAF
Date Announced: 19/01/2011
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 2
Quarterly report for the financial period ended: 30/11/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: KAF-SEAGROATT & CAMPBELL BERHAD
Stock Name: KAF
Date Announced: 19/01/2011
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 2
Quarterly report for the financial period ended: 30/11/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
KAF - Interim Dividend
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: KAF-SEAGROATT & CAMPBELL BERHAD
Stock Name: KAF
Date Announced: 19/01/2011
Announcement Detail:
EX-date: 02/02/2011
Entitlement date: 08/02/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: Interim Dividend of 7.5 sen per share less 25% income tax
Period of interest payment: to
Financial Year End: 31/05/2011
Share transfer book & register of members will be: 08/02/2011 to 08/02/2011 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: 03-22643883
Payment date: 22/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/02/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.075
Company Name: KAF-SEAGROATT & CAMPBELL BERHAD
Stock Name: KAF
Date Announced: 19/01/2011
Announcement Detail:
EX-date: 02/02/2011
Entitlement date: 08/02/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Interim Dividend
Entitlement description: Interim Dividend of 7.5 sen per share less 25% income tax
Period of interest payment: to
Financial Year End: 31/05/2011
Share transfer book & register of members will be: 08/02/2011 to 08/02/2011 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: 03-22643883
Payment date: 22/02/2011
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 08/02/2011
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.075
HARTA - Hartalega Holdings Berhad ("Hartalega" or "Company") Commencement of Litigation by a Subsidiary
Announcement Type: General Announcement
Company Name: HARTALEGA HOLDINGS BERHAD
Stock Name: HARTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Hartalega Holdings Berhad ("Hartalega" or "Company")
Commencement of Litigation by a Subsidiary
Contents: Hartalega Holdings Berhad ("Hartalega") wishes to announce that Hartalega Sdn Bhd ("HSB" or "Plaintiff"), a wholly owned subsidiary of Hartalega, has on 7 January 2011, filed a writ of summons and statement of claim on four (4) individuals ("Defendants").
HSB is claiming against the Defendants:-
a) General damages;
b) Aggravated damages;
c) Interest on the above sums from the date of filing of this action to the date of full realisation;
d) An injunction against the Defendants whether by themselves, their servants or agents or otherwise howsoever from publishing or causing to be published the defamatory statements or any similar words defamatory of the Plaintiff in whatsoever manner;
e) Costs;
f) Further or other relief which the Court thinks fit and proper.
On 7 July 2009, 29 June 2010, 4 October 2010, 25 October 2010, 30 November 2010 and 3 December 2010 respectively, the Defendants had through different channels and media, falsely and maliciously published defamatory statements against the Plaintiff, of which in their natural and ordinary meaning and/or by way of implication and/or innuendo meant and was understood to mean and/or was capable of the following meanings:-
1) That the Plaintiff is an irresponsible manufacturer who does not concern itself with the community and environment;
2) That the Plaintiff has illegally conducted its business without complying with environmental protection regulations, by-laws and laws;
3) That the Plaintiff has caused and/or contributed to the pollution of the environment and to illnesses, discomforts and physical ailments experienced by the residents of Taman Suria including blindness and asthma;
4) That the Plaintiff has acted irresponsibly and in disregard of the interests and health issues of the residents of Taman Suria.
The Plaintiff avers that:-
1) The Plaintiff complies with the stringent environment quality standards particularly those issued by the Department of Environment ("DOE") and places great emphasis on continued compliance with the DOE.
2) The Plaintiff subject itself to constant monitoring of its waste management ensuring the emissions and discharges are within permissible levels.
3) The Plaintiff possesses all approvals required to operate the factory from the relevant authorities.
The defamatory statements amount to a very serious libel on the Plaintiff and has caused severe damage to its good name and reputation. The allegations made against the Plaintiff are false and is wholly without basis.
The Plaintiff, via its solicitors, had by a letter dated 16 December 2010 and 30 December 2010 respectively demanded the Defendants cease publishing/republishing the defamatory words or any words to that effect.
The Plaintiff is in the opinion that unless restrained by the Court, the Defendants will further publish or cause to be published these defamatory statements and similar words defamatory of the Plaintiff.
The litigation is not expected to have a material financial impact on the Group (i.e. HHB and its subsidiaries).
This announcement is dated 19 January 2011.
Company Name: HARTALEGA HOLDINGS BERHAD
Stock Name: HARTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Hartalega Holdings Berhad ("Hartalega" or "Company")
Commencement of Litigation by a Subsidiary
Contents: Hartalega Holdings Berhad ("Hartalega") wishes to announce that Hartalega Sdn Bhd ("HSB" or "Plaintiff"), a wholly owned subsidiary of Hartalega, has on 7 January 2011, filed a writ of summons and statement of claim on four (4) individuals ("Defendants").
HSB is claiming against the Defendants:-
a) General damages;
b) Aggravated damages;
c) Interest on the above sums from the date of filing of this action to the date of full realisation;
d) An injunction against the Defendants whether by themselves, their servants or agents or otherwise howsoever from publishing or causing to be published the defamatory statements or any similar words defamatory of the Plaintiff in whatsoever manner;
e) Costs;
f) Further or other relief which the Court thinks fit and proper.
On 7 July 2009, 29 June 2010, 4 October 2010, 25 October 2010, 30 November 2010 and 3 December 2010 respectively, the Defendants had through different channels and media, falsely and maliciously published defamatory statements against the Plaintiff, of which in their natural and ordinary meaning and/or by way of implication and/or innuendo meant and was understood to mean and/or was capable of the following meanings:-
1) That the Plaintiff is an irresponsible manufacturer who does not concern itself with the community and environment;
2) That the Plaintiff has illegally conducted its business without complying with environmental protection regulations, by-laws and laws;
3) That the Plaintiff has caused and/or contributed to the pollution of the environment and to illnesses, discomforts and physical ailments experienced by the residents of Taman Suria including blindness and asthma;
4) That the Plaintiff has acted irresponsibly and in disregard of the interests and health issues of the residents of Taman Suria.
The Plaintiff avers that:-
1) The Plaintiff complies with the stringent environment quality standards particularly those issued by the Department of Environment ("DOE") and places great emphasis on continued compliance with the DOE.
2) The Plaintiff subject itself to constant monitoring of its waste management ensuring the emissions and discharges are within permissible levels.
3) The Plaintiff possesses all approvals required to operate the factory from the relevant authorities.
The defamatory statements amount to a very serious libel on the Plaintiff and has caused severe damage to its good name and reputation. The allegations made against the Plaintiff are false and is wholly without basis.
The Plaintiff, via its solicitors, had by a letter dated 16 December 2010 and 30 December 2010 respectively demanded the Defendants cease publishing/republishing the defamatory words or any words to that effect.
The Plaintiff is in the opinion that unless restrained by the Court, the Defendants will further publish or cause to be published these defamatory statements and similar words defamatory of the Plaintiff.
The litigation is not expected to have a material financial impact on the Group (i.e. HHB and its subsidiaries).
This announcement is dated 19 January 2011.
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