MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 12-01-2011
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 12-01-2011
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9857
Units in Circulation (units):647,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:886.61
Attachments: Daily Fund Values 120111.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 12-01-2011
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9857
Units in Circulation (units):647,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:886.61
Attachments: Daily Fund Values 120111.pdf
HOVID - HOVID BERHAD ("HOVID" OR "THE COMPANY") - MANUFACTURE AND SUPPLY AGREEMENT
Announcement Type: General Announcement
Company Name: HOVID BERHAD
Stock Name: HOVID
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: HOVID BERHAD ("HOVID" OR "THE COMPANY")
- MANUFACTURE AND SUPPLY AGREEMENT
Contents: HOVID BERHAD ("HOVID" OR "THE COMPANY")
- MANUFACTURE AND SUPPLY AGREEMENT
Company Name: HOVID BERHAD
Stock Name: HOVID
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: HOVID BERHAD ("HOVID" OR "THE COMPANY")
- MANUFACTURE AND SUPPLY AGREEMENT
Contents: HOVID BERHAD ("HOVID" OR "THE COMPANY")
- MANUFACTURE AND SUPPLY AGREEMENT
BIOOSMO - General Announcement
Announcement Type: General Announcement
Company Name: BIO OSMO BERHAD
Stock Name: BIOOSMO
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR HIGH COURT WRIT: D-22NCC-2357-2010
ACFL SDN BHD & 2 ORS -v- BIO OSMO BERHAD
("BioOsmo" or "the Company")
Contents: BioOsmo was served with a Writ of Summons and Statement of Claim dated 4th January 2011 ("the Writ") on 12th January 2011.
Details of the announcement is attached.
Attachments: KMBT35020110112063639.pdf
Company Name: BIO OSMO BERHAD
Stock Name: BIOOSMO
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: KUALA LUMPUR HIGH COURT WRIT: D-22NCC-2357-2010
ACFL SDN BHD & 2 ORS -v- BIO OSMO BERHAD
("BioOsmo" or "the Company")
Contents: BioOsmo was served with a Writ of Summons and Statement of Claim dated 4th January 2011 ("the Writ") on 12th January 2011.
Details of the announcement is attached.
Attachments: KMBT35020110112063639.pdf
VINTAGE - General Announcement
Announcement Type: General Announcement
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 12/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: MN-110111-33088
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Proposed Disposal of Land by Vintage Tiles Industries (EM) Sdn Bhd, a Wholly-Owned Subsidiary of VVB for a Cash Consideration of RM2,150,000.00
Contents: Reference is made to the Company's announcement dated 7 January 2011.
The Board of Directors of the Company wishes to further announce that :-
1. VTI Vintage Berhad ("VVB" or the "Company") and its subsidiaries had appointed an agent to conduct a tender exercise to dispose of the idle properties by advertising in local newspapers on 14 July 2008. However, there was only one (1) tender received from a potential investor with a consideration of RM1.8 million to purchase the land located at Sabah ("Sabah Land") owned by Vintage Tiles Industries (EM) Sdn Bhd ("VTIEM"). As the offer price was much lower than the indicative market value of RM2.475 million, the management of VVB had rejected the offer.
Subsequent to that, SW2020 Sdn Bhd submitted a proposal to purchase the land at a price of RM2.15 million. After due discussion, the management decided to accept the proposal from SW2020 Sdn Bhd as the offer was closed to the indicative market value. In addition, the disposal of Sabah land could reduce the interest burden and gearing of VVB Group.
2. SW2020 Sdn. Bhd. (Company No. 861050-M), a company registered under the Malaysian Companies Act 1965 and having its registered office at 3rd Floor, TB 292, Block 30, Fajar Commercial Complex, Jalan Haji Karim, Tawau, Sabah.
The directors and shareholders of SW2020 Sdn Bhd are Ms. Lucy Hong Yik Liam and Mr. Phung Tze Thiam and their equity interest in SW2020 Sdn Bhd are 10,000 shares and 990,000 shares respectively.
3. The sale proceeds will be utilised to settle the banking facilities of RM2.00 million due to AmBank (M) Berhad and AmIslamic Bank Berhad and the balance sum of RM150,000 will be set aside for settlement under Proposed Restructuring Scheme. The estimated timeframe for full utilization of proceeds is three (3) months after VTIEM receive the proceeds.
4. Additional information and description of the Sabah Land :-
i) Postal address or identification
Country Lease No. CL045086379, Kg Giling, Jalan Telipok Lama, Off Km 27, Jalan Tuaran.
ii) Brief description
The Sabah Land erected with light industrial sheds. The land area is 2.289 hectares.
iii) Existing and proposed used
The land and building was used as the factory and office building for VTIEM. However, VTIEM has ceased its operation in year 2007 and the land and building became idle.
iv) Age of building
The Sabah Land was purchased from third party on 24 March 2006.
v) Term of the tenure
It is a leasehold land with a 999 years tenure commencing from 4 August 1927 and to be expired on 3 August 2926.
vi) Valuation certificate
The valuation report dated 4 March 2008 was prepared by Henry Butcher Malaysia (Sabah) Sdn Bhd ("Henry Butcher"). A copy of the said valuation report is available for inspection at registered office of the Company at Suite 10.03, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of one (1) month from the date of the Company's announcement made on 7 January 2011. At the same time, the Company had requested Henry Butcher to update the valuation report up to current.
vii) Quantification of market value
The valuation on Sabah Land was conducted for internal corporate use or for intended sale purpose and the market value of the said property is RM2.475 million. The valuation of Sabah land is arriving by using Depreciated Replacement cost method. The Depreciated Replacement Cost Method entails the assessment of the site value based on the comparative method by comparing the site with similar site in the locality which were recently sold or are being marketed with adjustments made for location, accessibility, site, shape, topography, tenure, title restrictions, if any, surrounding developments and other relevant characteristics to arrive at the Market Value of the site. The building and structures are assessed by the depreciated replacement costs where the cost of reinstating a similar new building is estimated and an allowable depreciation is made and deducted based on the observed condition of the building.
viii) Net book value based on latest audited financial statements
Net book value based on VTIEM's latest audited financial statements for the financial year ended 31 December 2009 is RM2.7 million.
ix) Encumbrance
The Sabah Land had been charged to AmBank (M) Berhad.
x) Building information
There are two (2) light industrial sheds erected on the Sabah Land. One of the building measures 30.48m x 45.72m with gross floor area of 1,393.5m2 (15,000 ft2) and the other is a smaller building measuring 12.19m x 30.48m with gross floor area of 371.6m2 (4,000ft2) The two (2) light industrial sheds erected on the Sabah Land had been idle for three (3) years. VTIEM did not occupy the two (2) light industrial sheds.
This announcement is dated 12 January 2011.
Query Letter content: We refer to your Company's announcement dated 7 January 2011 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) Justification(s) for the disposal consideration (including the discount to
the indicated market value of RM2.475 million and net book value of
RM2,185,517).
2) Details of the purchaser (names of its directors and substantial
shareholders together with their respective shareholdings).
3) To quantify the banking facilities to be settled and timeframe for full
utilisation of proceeds.
4) Outstanding information pursuant to item 1, Part C, Appendix 10A of the Main
LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
Wan Choon Yen
Senior Manager, Issuers
Listing Division
Regulation
WCY/LMN
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 12/01/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: MN-110111-33088
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Proposed Disposal of Land by Vintage Tiles Industries (EM) Sdn Bhd, a Wholly-Owned Subsidiary of VVB for a Cash Consideration of RM2,150,000.00
Contents: Reference is made to the Company's announcement dated 7 January 2011.
The Board of Directors of the Company wishes to further announce that :-
1. VTI Vintage Berhad ("VVB" or the "Company") and its subsidiaries had appointed an agent to conduct a tender exercise to dispose of the idle properties by advertising in local newspapers on 14 July 2008. However, there was only one (1) tender received from a potential investor with a consideration of RM1.8 million to purchase the land located at Sabah ("Sabah Land") owned by Vintage Tiles Industries (EM) Sdn Bhd ("VTIEM"). As the offer price was much lower than the indicative market value of RM2.475 million, the management of VVB had rejected the offer.
Subsequent to that, SW2020 Sdn Bhd submitted a proposal to purchase the land at a price of RM2.15 million. After due discussion, the management decided to accept the proposal from SW2020 Sdn Bhd as the offer was closed to the indicative market value. In addition, the disposal of Sabah land could reduce the interest burden and gearing of VVB Group.
2. SW2020 Sdn. Bhd. (Company No. 861050-M), a company registered under the Malaysian Companies Act 1965 and having its registered office at 3rd Floor, TB 292, Block 30, Fajar Commercial Complex, Jalan Haji Karim, Tawau, Sabah.
The directors and shareholders of SW2020 Sdn Bhd are Ms. Lucy Hong Yik Liam and Mr. Phung Tze Thiam and their equity interest in SW2020 Sdn Bhd are 10,000 shares and 990,000 shares respectively.
3. The sale proceeds will be utilised to settle the banking facilities of RM2.00 million due to AmBank (M) Berhad and AmIslamic Bank Berhad and the balance sum of RM150,000 will be set aside for settlement under Proposed Restructuring Scheme. The estimated timeframe for full utilization of proceeds is three (3) months after VTIEM receive the proceeds.
4. Additional information and description of the Sabah Land :-
i) Postal address or identification
Country Lease No. CL045086379, Kg Giling, Jalan Telipok Lama, Off Km 27, Jalan Tuaran.
ii) Brief description
The Sabah Land erected with light industrial sheds. The land area is 2.289 hectares.
iii) Existing and proposed used
The land and building was used as the factory and office building for VTIEM. However, VTIEM has ceased its operation in year 2007 and the land and building became idle.
iv) Age of building
The Sabah Land was purchased from third party on 24 March 2006.
v) Term of the tenure
It is a leasehold land with a 999 years tenure commencing from 4 August 1927 and to be expired on 3 August 2926.
vi) Valuation certificate
The valuation report dated 4 March 2008 was prepared by Henry Butcher Malaysia (Sabah) Sdn Bhd ("Henry Butcher"). A copy of the said valuation report is available for inspection at registered office of the Company at Suite 10.03, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of one (1) month from the date of the Company's announcement made on 7 January 2011. At the same time, the Company had requested Henry Butcher to update the valuation report up to current.
vii) Quantification of market value
The valuation on Sabah Land was conducted for internal corporate use or for intended sale purpose and the market value of the said property is RM2.475 million. The valuation of Sabah land is arriving by using Depreciated Replacement cost method. The Depreciated Replacement Cost Method entails the assessment of the site value based on the comparative method by comparing the site with similar site in the locality which were recently sold or are being marketed with adjustments made for location, accessibility, site, shape, topography, tenure, title restrictions, if any, surrounding developments and other relevant characteristics to arrive at the Market Value of the site. The building and structures are assessed by the depreciated replacement costs where the cost of reinstating a similar new building is estimated and an allowable depreciation is made and deducted based on the observed condition of the building.
viii) Net book value based on latest audited financial statements
Net book value based on VTIEM's latest audited financial statements for the financial year ended 31 December 2009 is RM2.7 million.
ix) Encumbrance
The Sabah Land had been charged to AmBank (M) Berhad.
x) Building information
There are two (2) light industrial sheds erected on the Sabah Land. One of the building measures 30.48m x 45.72m with gross floor area of 1,393.5m2 (15,000 ft2) and the other is a smaller building measuring 12.19m x 30.48m with gross floor area of 371.6m2 (4,000ft2) The two (2) light industrial sheds erected on the Sabah Land had been idle for three (3) years. VTIEM did not occupy the two (2) light industrial sheds.
This announcement is dated 12 January 2011.
Query Letter content: We refer to your Company's announcement dated 7 January 2011 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) Justification(s) for the disposal consideration (including the discount to
the indicated market value of RM2.475 million and net book value of
RM2,185,517).
2) Details of the purchaser (names of its directors and substantial
shareholders together with their respective shareholdings).
3) To quantify the banking facilities to be settled and timeframe for full
utilisation of proceeds.
4) Outstanding information pursuant to item 1, Part C, Appendix 10A of the Main
LR.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
Wan Choon Yen
Senior Manager, Issuers
Listing Division
Regulation
WCY/LMN
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
TSH - TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: TSH RESOURCES BERHAD
Stock Name: TSH
Date Announced: 12/01/2011
Announcement Detail:
Subject: TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 354,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 14 January 2011.
Company Name: TSH RESOURCES BERHAD
Stock Name: TSH
Date Announced: 12/01/2011
Announcement Detail:
Subject: TSH-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 354,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 14 January 2011.
GADANG - General Announcement
Announcement Type: General Announcement
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 27 December 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person has on 12 January 2011 informed the Company of his dealings in the securities of the Company as per the table below:-
Company Name: GADANG HOLDINGS BHD
Stock Name: GADANG
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: Gadang Holdings Berhad ("Gadang" or "Company")
- Notification of dealings in securities during closed period
Contents: Further to the announcement made to Bursa Malaysia Securities Berhad on 27 December 2010 in relation to the notice of intention to deal by Tan Sri Dato' Kok Onn ("Affected Person") in the securities of the Company during closed period, the Affected Person has on 12 January 2011 informed the Company of his dealings in the securities of the Company as per the table below:-
QSR - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: QSR BRANDS BHD
Stock Name: QSR
Date Announced: 12/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Appointment
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Kamaruzzaman Bin Abu Kassim
Age: 46
Nationality: Malaysian
Qualifications: Bachelor of Commerce (Accountancy), University of Wollongong, New South Wales, Australia in 1987
Working experience and occupation: 1. Audit Assistant - K.E.Chan & Associates (1988)
2. Audit Assistant - Coopers & Lybrand
3. Deputy Manager, Corporate Finance, Johor Corporation (1992)
4. General Manager, Corporation Finance, Johor Corporation (1999-2000)
5. Executive Director, Damansara Realty Berhad (2000-2006)
6. Chief Operating Officer, Johor Corporation (August 2006)
7. Senior Vice President, Corporate Services & International Business and Finance, Johor Corporation (January 2009)
8. Senior Vice President, Corporate Services & Finance, Johor Corporation (January 2010)
9. Acting President and Chief Executive Officer, Johor Corporation (July 2010)
10. President and Chief Executive Officer, Johor Corporation (1 December 2010)
Directorship of public companies (if any): 1. Waqar An-Nur Corporation Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty Berhad
4. KPJ Healthcare Berhad
5. KFC Holdings (Malaysia) Bhd
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Company Name: QSR BRANDS BHD
Stock Name: QSR
Date Announced: 12/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Appointment
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: Kamaruzzaman Bin Abu Kassim
Age: 46
Nationality: Malaysian
Qualifications: Bachelor of Commerce (Accountancy), University of Wollongong, New South Wales, Australia in 1987
Working experience and occupation: 1. Audit Assistant - K.E.Chan & Associates (1988)
2. Audit Assistant - Coopers & Lybrand
3. Deputy Manager, Corporate Finance, Johor Corporation (1992)
4. General Manager, Corporation Finance, Johor Corporation (1999-2000)
5. Executive Director, Damansara Realty Berhad (2000-2006)
6. Chief Operating Officer, Johor Corporation (August 2006)
7. Senior Vice President, Corporate Services & International Business and Finance, Johor Corporation (January 2009)
8. Senior Vice President, Corporate Services & Finance, Johor Corporation (January 2010)
9. Acting President and Chief Executive Officer, Johor Corporation (July 2010)
10. President and Chief Executive Officer, Johor Corporation (1 December 2010)
Directorship of public companies (if any): 1. Waqar An-Nur Corporation Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty Berhad
4. KPJ Healthcare Berhad
5. KFC Holdings (Malaysia) Bhd
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
QSR - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: QSR BRANDS BHD
Stock Name: QSR
Date Announced: 12/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Resignation
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: YBhg Tan Sri Dato' Muhammad Ali Bin Hashim
Age: 63
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hon.), University Malaya (1969)
Senior Executive Programme, Stanford University, USA (1985)
Working experience and occupation: 1. Economic Relations Officer, Bank Negara Malaysia (1971)
2. Chief Assistant Secretary, Sarawak Chief Minister's Office, Sarawak (1972)
3. Deputy Director, Planning Unit, Sarawak State Government (1974 - 1977)
4. Project Manager, Kulim (Malaysia) Berhad (1978)
5. President of Pasir Gudang Local Authority (1982 - 2009)
6. Group Chief Executive of Johor Corporation (1982 - 29 July 2010)
Directorship of public companies (if any): 1. Sindora Berhad
2. Waqaf An-Nur Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Company Name: QSR BRANDS BHD
Stock Name: QSR
Date Announced: 12/01/2011
Announcement Detail:
Date of change: 12/01/2011
Type of change: Resignation
Designation: Chairman & Director
Directorate: Non Independent & Non Executive
Name: YBhg Tan Sri Dato' Muhammad Ali Bin Hashim
Age: 63
Nationality: Malaysian
Qualifications: Bachelor of Economics (Hon.), University Malaya (1969)
Senior Executive Programme, Stanford University, USA (1985)
Working experience and occupation: 1. Economic Relations Officer, Bank Negara Malaysia (1971)
2. Chief Assistant Secretary, Sarawak Chief Minister's Office, Sarawak (1972)
3. Deputy Director, Planning Unit, Sarawak State Government (1974 - 1977)
4. Project Manager, Kulim (Malaysia) Berhad (1978)
5. President of Pasir Gudang Local Authority (1982 - 2009)
6. Group Chief Executive of Johor Corporation (1982 - 29 July 2010)
Directorship of public companies (if any): 1. Sindora Berhad
2. Waqaf An-Nur Corporation Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
TRIUMPL - General Announcement
Announcement Type: General Announcement
Company Name: TRIUMPHAL ASSOCIATES BHD
Stock Name: TRIUMPL
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: TRIUMPHAL ASSOCIATES BERHAD ("TAS" OR "COMPANY")
- INCREASE IN PAID UP CAPITAL IN THE WHOLLY-OWNED SUBSIDIARY COMPANY - TRIUMPHAL PRECISION ENGINEERING (ZHEJIANG) LTD. IN CHINA
Contents: Further to the announcement made on 16 December 2010, TAS wishes to announce that TAS has remitted USD1,000,000 to China to increase the paid-up capital in its wholly-owned subsidiary, Triumphal Precision Engineering (Zhejiang) Ltd to USD15,050,000. The fund was internally generated.
The total registered capital was increased from USD15,000,000 to USD25,000,000.
Company Name: TRIUMPHAL ASSOCIATES BHD
Stock Name: TRIUMPL
Date Announced: 12/01/2011
Announcement Detail:
Type: Announcement
Subject: TRIUMPHAL ASSOCIATES BERHAD ("TAS" OR "COMPANY")
- INCREASE IN PAID UP CAPITAL IN THE WHOLLY-OWNED SUBSIDIARY COMPANY - TRIUMPHAL PRECISION ENGINEERING (ZHEJIANG) LTD. IN CHINA
Contents: Further to the announcement made on 16 December 2010, TAS wishes to announce that TAS has remitted USD1,000,000 to China to increase the paid-up capital in its wholly-owned subsidiary, Triumphal Precision Engineering (Zhejiang) Ltd to USD15,050,000. The fund was internally generated.
The total registered capital was increased from USD15,000,000 to USD25,000,000.
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