SUNWAY - SUNWAY-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 18/01/2011
Announcement Detail:
Subject: SUNWAY-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 147,000 new ordinary shares of RM1.00 each arising from the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 21 January 2011.
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 18/01/2011
Announcement Detail:
Subject: SUNWAY-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 147,000 new ordinary shares of RM1.00 each arising from the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 21 January 2011.
SUNWAY - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNH" OR "COMPANY")
? PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING INCLUDING ALL THE ASSETS AND LIABILITIES OF THE COMPANY TO SUNWAY BERHAD (FORMERLY KNOWN AS ALPHA SUNRISE SDN BHD) ("SUNWAY") ("PROPOSED DISPOSAL")
? PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTIONS 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REDUCTION AND REPAYMENT")
? PROPOSED TERMINATION OF THE EMPLOYEES' SHARE OPTION SCHEME OF SUNH ("ESOS") ("PROPOSED ESOS TERMINATION")
? PROPOSED PAYMENT TO WARRANTHOLDERS OF SUNH BY WAY OF A SPECIAL RESOLUTION AS PROVIDED BY THE DEED POLL ("PROPOSED WARRANT SCHEME")
(COLLECTIVELY, THE "PROPOSALS")
Contents: We refer to the announcement dated 24 November 2010 in respect of the letter of offer dated 24 November 2010 from Sunway received by the Board of Directors of SunH ("Board") ("Letter of Offer"), in relation to the offer by Sunway to acquire the entire business and undertaking including all the assets and liabilities of SunH ("Offer") upon terms and conditions contained in the Letter of Offer.
Subsequently, on 14 December 2010, CIMB Investment Bank Berhad ("CIMB") and RHB Investment Bank Berhad ("RHB Investment Bank") announced on behalf of the Board that the non-interested Directors of SunH, after taking into consideration, amongst others, the advice of the Independent Adviser, OSK Investment Bank Berhad, decided to accept the Offer, subject to, inter alia the approval of the shareholders and relevant authorities, where required.
On behalf of the Board, CIMB and RHB Investment Bank wish to announce that SunH has today entered into a conditional Sale of Business Agreement ("SBA") with Sunway in relation to the Proposed Disposal.
Pursuant to the Proposed Disposal, SunH will also undertake the Proposed Capital Reduction and Repayment, the Proposed ESOS Termination and the Proposed Warrant Scheme (as defined in paragraphs 2.3 and 2.4).
Sunway has also entered into a SBA today with Sunway City Berhad ("SunCity") to acquire the entire business and undertaking as at 24 November 2010 including all assets and liabilities as at Completion (as defined therein) of SunCity, which has been accepted by the non-interested Directors of SunCity on 14 December 2010.
Please refer to the attachment for further details.
Attachments: SunH (180111).pdf
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNH" OR "COMPANY")
? PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING INCLUDING ALL THE ASSETS AND LIABILITIES OF THE COMPANY TO SUNWAY BERHAD (FORMERLY KNOWN AS ALPHA SUNRISE SDN BHD) ("SUNWAY") ("PROPOSED DISPOSAL")
? PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTIONS 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REDUCTION AND REPAYMENT")
? PROPOSED TERMINATION OF THE EMPLOYEES' SHARE OPTION SCHEME OF SUNH ("ESOS") ("PROPOSED ESOS TERMINATION")
? PROPOSED PAYMENT TO WARRANTHOLDERS OF SUNH BY WAY OF A SPECIAL RESOLUTION AS PROVIDED BY THE DEED POLL ("PROPOSED WARRANT SCHEME")
(COLLECTIVELY, THE "PROPOSALS")
Contents: We refer to the announcement dated 24 November 2010 in respect of the letter of offer dated 24 November 2010 from Sunway received by the Board of Directors of SunH ("Board") ("Letter of Offer"), in relation to the offer by Sunway to acquire the entire business and undertaking including all the assets and liabilities of SunH ("Offer") upon terms and conditions contained in the Letter of Offer.
Subsequently, on 14 December 2010, CIMB Investment Bank Berhad ("CIMB") and RHB Investment Bank Berhad ("RHB Investment Bank") announced on behalf of the Board that the non-interested Directors of SunH, after taking into consideration, amongst others, the advice of the Independent Adviser, OSK Investment Bank Berhad, decided to accept the Offer, subject to, inter alia the approval of the shareholders and relevant authorities, where required.
On behalf of the Board, CIMB and RHB Investment Bank wish to announce that SunH has today entered into a conditional Sale of Business Agreement ("SBA") with Sunway in relation to the Proposed Disposal.
Pursuant to the Proposed Disposal, SunH will also undertake the Proposed Capital Reduction and Repayment, the Proposed ESOS Termination and the Proposed Warrant Scheme (as defined in paragraphs 2.3 and 2.4).
Sunway has also entered into a SBA today with Sunway City Berhad ("SunCity") to acquire the entire business and undertaking as at 24 November 2010 including all assets and liabilities as at Completion (as defined therein) of SunCity, which has been accepted by the non-interested Directors of SunCity on 14 December 2010.
Please refer to the attachment for further details.
Attachments: SunH (180111).pdf
SCIENTX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 18/01/2011
Announcement Detail:
Date of buy back: 18/01/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 232,000
Minimum price paid for each share purchased ($$): 1.980
Maximum price paid for each share purchased ($$): 2.000
Total consideration paid ($$): 463,810.89
Number of shares purchased retained in treasury (units): 232,000
Cumulative net outstanding treasury shares as at to-date (units): 14,959,562
Adjusted issued capital after cancellation (no. of shares) (units): 230,000,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.50
Company Name: SCIENTEX BERHAD
Stock Name: SCIENTX
Date Announced: 18/01/2011
Announcement Detail:
Date of buy back: 18/01/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 232,000
Minimum price paid for each share purchased ($$): 1.980
Maximum price paid for each share purchased ($$): 2.000
Total consideration paid ($$): 463,810.89
Number of shares purchased retained in treasury (units): 232,000
Cumulative net outstanding treasury shares as at to-date (units): 14,959,562
Adjusted issued capital after cancellation (no. of shares) (units): 230,000,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 6.50
NAMFATT - General Announcement
Announcement Type: General Announcement
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad (Nam Fatt or Company)
Arbitration between Nam Fatt Construction Sdn Bhd and ZAQ Construction Sdn Bhd
(Announcement pursuant to Chapter 9.04 of the Listing Requirements)
Contents: Introduction
The Board of Directors of Nam Fatt wishes to announce that Nam Fatt Construction Sdn Bhd (NFCSB) has commenced arbitration proceedings against ZAQ Construction Sdn Bhd (ZAQ) in relation to the procurement, construction and commissioning of a petroleum hub at the reclaimed island off Tanjung Bin, Johor, known as the Asia Petroleum Hub project (Project), for disputes arising from -
1. a procurement sub-contract to supply and deliver long lead items for works package, with a provisional contract value of RM202,800,000, comprising a letter of award dated 1 March 2007 and articles of agreement and conditions of contract dated 31 October 2008 (Procurement Subcontract); and
2. a construction sub-contract for works packages, with a provisional contract value of RM347,500,000, comprising a letter of award dated 1 March 2007 and articles of agreement and conditions of contract dated 31 October 2008 (Construction Subcontract).
NFCSB is a wholly-owned subsidiary of the Company.
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Nam Fatt Corporation Berhad (Nam Fatt or Company)
Arbitration between Nam Fatt Construction Sdn Bhd and ZAQ Construction Sdn Bhd
(Announcement pursuant to Chapter 9.04 of the Listing Requirements)
Contents: Introduction
The Board of Directors of Nam Fatt wishes to announce that Nam Fatt Construction Sdn Bhd (NFCSB) has commenced arbitration proceedings against ZAQ Construction Sdn Bhd (ZAQ) in relation to the procurement, construction and commissioning of a petroleum hub at the reclaimed island off Tanjung Bin, Johor, known as the Asia Petroleum Hub project (Project), for disputes arising from -
1. a procurement sub-contract to supply and deliver long lead items for works package, with a provisional contract value of RM202,800,000, comprising a letter of award dated 1 March 2007 and articles of agreement and conditions of contract dated 31 October 2008 (Procurement Subcontract); and
2. a construction sub-contract for works packages, with a provisional contract value of RM347,500,000, comprising a letter of award dated 1 March 2007 and articles of agreement and conditions of contract dated 31 October 2008 (Construction Subcontract).
NFCSB is a wholly-owned subsidiary of the Company.
HOHUP - General Announcement
Announcement Type: General Announcement
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: The Board of Directors of Ho Hup wishes to announce that the Extraordinary General Meeting of the Company will be held at Bukit Jalil Golf & Country Resort, Langkawi Room, Jalan 3/155B, Bukit Jalil 57000, Kuala Lumpur on Thursday, 10 February 2011 at 10.00 a.m., or at any adjournment thereof (as the case may be).
Please find attached herewith the Notice of the aforesaid Meeting for your attention.
This announcement is dated 18 January 2011.
Attachments: Notice of EGM 10.2.2011.pdf
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- NOTICE OF EXTRAORDINARY GENERAL MEETING
Contents: The Board of Directors of Ho Hup wishes to announce that the Extraordinary General Meeting of the Company will be held at Bukit Jalil Golf & Country Resort, Langkawi Room, Jalan 3/155B, Bukit Jalil 57000, Kuala Lumpur on Thursday, 10 February 2011 at 10.00 a.m., or at any adjournment thereof (as the case may be).
Please find attached herewith the Notice of the aforesaid Meeting for your attention.
This announcement is dated 18 January 2011.
Attachments: Notice of EGM 10.2.2011.pdf
SUNCITY - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SUNCITY" OR "COMPANY")
? PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING INCLUDING ALL THE ASSETS AND LIABILITIES OF THE COMPANY TO SUNWAY BERHAD (FORMERLY KNOWN AS ALPHA SUNRISE SDN BHD) ("SUNWAY") ("PROPOSED DISPOSAL")
? PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REDUCTION AND REPAYMENT")
? PROPOSED TERMINATION OF THE EMPLOYEES' SHARE OPTION SCHEME OF SUNCITY ("ESOS") ("PROPOSED ESOS TERMINATION")
? PROPOSED PAYMENT TO WARRANTHOLDERS OF SUNCITY BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ("PROPOSED WARRANT SCHEME")
(COLLECTIVELY, THE "PROPOSALS")
Contents: We refer to the announcement dated 24 November 2010 in respect of the letter of offer dated 24 November 2010 from Sunway received by the Board of Directors of SunCity ("Board") ("Letter of Offer"), in relation to the offer by Sunway to acquire the entire business and undertaking including all the assets and liabilities of SunCity ("Offer") upon terms and conditions contained in the Letter of Offer.
Subsequently, on 14 December 2010, CIMB Investment Bank Berhad ("CIMB") and RHB Investment Bank Berhad ("RHB Investment Bank") announced on behalf of the Board that the non-interested Directors of SunCity, after taking into consideration, among others, the advice of the Independent Adviser, Goldman Sachs (Malaysia) Sdn Bhd, decided to accept the Offer, subject to, inter alia, the approval of the shareholders and relevant authorities, where required.
On behalf of the Board, CIMB and RHB Investment Bank wish to announce that SunCity has today entered into a conditional Sale of Business Agreement ("SBA") with Sunway in relation to the Proposed Disposal.
Pursuant to the Proposed Disposal, SunCity will also undertake the Proposed Capital Reduction and Repayment, the Proposed ESOS Termination and the Proposed Warrant Scheme (as defined in paragraphs 2.3 and 2.4).
Sunway has also entered into a SBA today with Sunway Holdings Berhad ("SunH") to acquire the entire business and undertaking as at 24 November 2010 including all assets and liabilities as at Completion (as defined therein) of SunH, which has been accepted by the non-interested Directors of SunH on 14 December 2010.
Please refer to the attachment for further details.
Attachments: SunC (180111).pdf
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SUNCITY" OR "COMPANY")
? PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING INCLUDING ALL THE ASSETS AND LIABILITIES OF THE COMPANY TO SUNWAY BERHAD (FORMERLY KNOWN AS ALPHA SUNRISE SDN BHD) ("SUNWAY") ("PROPOSED DISPOSAL")
? PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REDUCTION AND REPAYMENT")
? PROPOSED TERMINATION OF THE EMPLOYEES' SHARE OPTION SCHEME OF SUNCITY ("ESOS") ("PROPOSED ESOS TERMINATION")
? PROPOSED PAYMENT TO WARRANTHOLDERS OF SUNCITY BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ("PROPOSED WARRANT SCHEME")
(COLLECTIVELY, THE "PROPOSALS")
Contents: We refer to the announcement dated 24 November 2010 in respect of the letter of offer dated 24 November 2010 from Sunway received by the Board of Directors of SunCity ("Board") ("Letter of Offer"), in relation to the offer by Sunway to acquire the entire business and undertaking including all the assets and liabilities of SunCity ("Offer") upon terms and conditions contained in the Letter of Offer.
Subsequently, on 14 December 2010, CIMB Investment Bank Berhad ("CIMB") and RHB Investment Bank Berhad ("RHB Investment Bank") announced on behalf of the Board that the non-interested Directors of SunCity, after taking into consideration, among others, the advice of the Independent Adviser, Goldman Sachs (Malaysia) Sdn Bhd, decided to accept the Offer, subject to, inter alia, the approval of the shareholders and relevant authorities, where required.
On behalf of the Board, CIMB and RHB Investment Bank wish to announce that SunCity has today entered into a conditional Sale of Business Agreement ("SBA") with Sunway in relation to the Proposed Disposal.
Pursuant to the Proposed Disposal, SunCity will also undertake the Proposed Capital Reduction and Repayment, the Proposed ESOS Termination and the Proposed Warrant Scheme (as defined in paragraphs 2.3 and 2.4).
Sunway has also entered into a SBA today with Sunway Holdings Berhad ("SunH") to acquire the entire business and undertaking as at 24 November 2010 including all assets and liabilities as at Completion (as defined therein) of SunH, which has been accepted by the non-interested Directors of SunH on 14 December 2010.
Please refer to the attachment for further details.
Attachments: SunC (180111).pdf
KOBAY - CHANGE OF NAME OF WHOLLY OWNED SUBSIDIARY FROM OPAR HOLDINGS SDN. BHD. TO LODGE 18 SDN. BHD.
Announcement Type: General Announcement
Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: CHANGE OF NAME OF WHOLLY OWNED SUBSIDIARY FROM OPAR HOLDINGS SDN. BHD. TO LODGE 18 SDN. BHD.
Contents: The Board of Directors of Kobay Technology Bhd. is pleased to announce that its wholly owned subsidiary, Opar Holdings Sdn. Bhd. has changed its name to Lodge 18 Sdn. Bhd. ("Lodge 18") with effect from 18 January 2011. The Certificate of Incorporation on Change of Name of Lodge 18 was received from the Companies Commission of Malaysia on 18 January 2011.
The principal activity of the Company has also been changed to hotel operators and property holding.
This announcement is dated 18 January 2011.
Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: CHANGE OF NAME OF WHOLLY OWNED SUBSIDIARY FROM OPAR HOLDINGS SDN. BHD. TO LODGE 18 SDN. BHD.
Contents: The Board of Directors of Kobay Technology Bhd. is pleased to announce that its wholly owned subsidiary, Opar Holdings Sdn. Bhd. has changed its name to Lodge 18 Sdn. Bhd. ("Lodge 18") with effect from 18 January 2011. The Certificate of Incorporation on Change of Name of Lodge 18 was received from the Companies Commission of Malaysia on 18 January 2011.
The principal activity of the Company has also been changed to hotel operators and property holding.
This announcement is dated 18 January 2011.
TIGER - Tiger Synergy Berhad Update of Material Litigation
Announcement Type: General Announcement
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Tiger Synergy Berhad
Update of Material Litigation
Contents: The Board of Directors of Tiger Synergy Berhad ("the Company") wishes to update the Exchange on the following legal cases of the subsidiaries of the Company:-
1. Malacca High Court Sivil No. 28-13-2010
Plaintiff : YL Excel Sdn. Bhd.
Defendant : Tiger Synergy Berhad
The Winding Up Petition was presented to the High Court Melaka on 18 May 2010 for the claim of RM200,000.00 for the corporate guarantee granted together with the interest 8% per annum and cost of RM730.00. The suit has been struck out.
2. Malacca High Court Sivil No. 28-12-2010
Plaintiff : YL Excel Sdn. Bhd.
Defendant : Minply Construction & Engineering Sdn. Bhd.
The Winding Up Petition was presented to the High Court Melaka on 18 May 2010 for the claim of RM291,131.96 for the judgement sum together with the interest of 8% per annum and cost of RM730.00. The Court has allowed the winding up petition against the defendant with costs.
This announcement is dated 18 day of January 2011
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Tiger Synergy Berhad
Update of Material Litigation
Contents: The Board of Directors of Tiger Synergy Berhad ("the Company") wishes to update the Exchange on the following legal cases of the subsidiaries of the Company:-
1. Malacca High Court Sivil No. 28-13-2010
Plaintiff : YL Excel Sdn. Bhd.
Defendant : Tiger Synergy Berhad
The Winding Up Petition was presented to the High Court Melaka on 18 May 2010 for the claim of RM200,000.00 for the corporate guarantee granted together with the interest 8% per annum and cost of RM730.00. The suit has been struck out.
2. Malacca High Court Sivil No. 28-12-2010
Plaintiff : YL Excel Sdn. Bhd.
Defendant : Minply Construction & Engineering Sdn. Bhd.
The Winding Up Petition was presented to the High Court Melaka on 18 May 2010 for the claim of RM291,131.96 for the judgement sum together with the interest of 8% per annum and cost of RM730.00. The Court has allowed the winding up petition against the defendant with costs.
This announcement is dated 18 day of January 2011
DNONCE - Acquisition of Property in Johore by Subsidiary Company
Announcement Type: General Announcement
Company Name: D'NONCE TECHNOLOGY BHD
Stock Name: DNONCE
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Acquisition of Property in Johore by Subsidiary Company
Contents: Further to the announcement made by D'nonce Technology Bhd. ("the Company") on 20 August 2010 in relation to the acqusition of all that piece of freehold industrial land held under HS(D) 45283 PTD 36522, in the Mukim of Senai (formerly held under HS(D) 189005 PTD 36522 in the Mukim of Senai-Kulai), District of Johor Bahru, State of Johor ("the said Property") by the subsidiary company, Attractive Venture (JB) Sdn. Bhd., the Board of Directors of the Company wishes to announce that the above acqusition has been completed.
This announcement is dated 18 January 2011.
Company Name: D'NONCE TECHNOLOGY BHD
Stock Name: DNONCE
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Acquisition of Property in Johore by Subsidiary Company
Contents: Further to the announcement made by D'nonce Technology Bhd. ("the Company") on 20 August 2010 in relation to the acqusition of all that piece of freehold industrial land held under HS(D) 45283 PTD 36522, in the Mukim of Senai (formerly held under HS(D) 189005 PTD 36522 in the Mukim of Senai-Kulai), District of Johor Bahru, State of Johor ("the said Property") by the subsidiary company, Attractive Venture (JB) Sdn. Bhd., the Board of Directors of the Company wishes to announce that the above acqusition has been completed.
This announcement is dated 18 January 2011.
KNM - Term Loan facility from Malayan Banking Berhad ("MBB")
Announcement Type: General Announcement
Company Name: KNM GROUP BERHAD
Stock Name: KNM
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Term Loan facility from Malayan Banking Berhad ("MBB")
Contents: Further to the Company's announcement on 5 February 2009, the Company is pleased to inform that it had accepted MBB's offer to extend the Term Loan facility until February 2015.
The principal balance outstanding as at 7 January 2011 is RM351.33 million. The Term Loan was for the purpose of refinancing the bridging loan used for the acquisition of Borsig Beteiligungsverwaltunsgeselschaft mbH, which was duly completed on 6 June 2008.
This announcement is dated 18 January 2011.
Company Name: KNM GROUP BERHAD
Stock Name: KNM
Date Announced: 18/01/2011
Announcement Detail:
Type: Announcement
Subject: Term Loan facility from Malayan Banking Berhad ("MBB")
Contents: Further to the Company's announcement on 5 February 2009, the Company is pleased to inform that it had accepted MBB's offer to extend the Term Loan facility until February 2015.
The principal balance outstanding as at 7 January 2011 is RM351.33 million. The Term Loan was for the purpose of refinancing the bridging loan used for the acquisition of Borsig Beteiligungsverwaltunsgeselschaft mbH, which was duly completed on 6 June 2008.
This announcement is dated 18 January 2011.
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