MEXTER - MATERIAL LITIGATION
Announcement Type: General Announcement
Company Name: MEXTER TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEXTER
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: MEXTER TECHNOLOGY BERHAD ("MEXTER" OR "COMPANY")
CIVIL SUMMONS IN THE KUALA LUMPUR SESYEN COURT (CIVIL SUMMONS NO. 52-16693-2010) AGAINST MOBILE BLUEZONE SDN BHD (HEREINAFTER REFERRED TO AS THE "DEFENDANT")
Company Name: MEXTER TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEXTER
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: MEXTER TECHNOLOGY BERHAD ("MEXTER" OR "COMPANY")
CIVIL SUMMONS IN THE KUALA LUMPUR SESYEN COURT (CIVIL SUMMONS NO. 52-16693-2010) AGAINST MOBILE BLUEZONE SDN BHD (HEREINAFTER REFERRED TO AS THE "DEFENDANT")
GPACKET - General Announcement
Announcement Type: General Announcement
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: GREEN PACKET BERHAD ("GPB" OR THE "COMPANY")
STATUS IN RELATION TO OUTSTANDING RELATED PARTY RECEIVABLES
The Company wishes to update on the status of its outstanding related party receivables for more than 12 months as at 31 December 2010 as follows:
1. The total outstanding recurrent related party transaction ("RRPT") receivables as at 31 December 2010 is detailed in Appendix I attached.
2. Action taken or proposed to be taken to recover the debts
The outstanding receivables relates to the engineering services rendered to Green Packet Inc. ("GPI"), a company incorporated in the United States of America ("USA") in which Tan Sri Dato' Kok Onn and Puan Chan Cheong are directors and substantial shareholders of GPI. Tan Sri Dato' Kok Onn and Puan Chan Cheong are also directors and substantial shareholders of GPB.
GPB has intention of selling its products to the USA market and proposed to off-set the above receivables owing by GPI against future potential licensing fees payable to GPI in relation to the USA market. The proposed settlement plan will be closely monitored.
3. Expected timeframe to fully recover the debts:
GPB hopes to fully recover the abovementioned debts within the next two (2) years i.e., by year 2013.
This announcement is dated 16 February 2011.
Attachments: Copy of GPB Outstanding RRPT Receivables as at 31 Dec2010_1.xls
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: GREEN PACKET BERHAD ("GPB" OR THE "COMPANY")
STATUS IN RELATION TO OUTSTANDING RELATED PARTY RECEIVABLES
The Company wishes to update on the status of its outstanding related party receivables for more than 12 months as at 31 December 2010 as follows:
1. The total outstanding recurrent related party transaction ("RRPT") receivables as at 31 December 2010 is detailed in Appendix I attached.
2. Action taken or proposed to be taken to recover the debts
The outstanding receivables relates to the engineering services rendered to Green Packet Inc. ("GPI"), a company incorporated in the United States of America ("USA") in which Tan Sri Dato' Kok Onn and Puan Chan Cheong are directors and substantial shareholders of GPI. Tan Sri Dato' Kok Onn and Puan Chan Cheong are also directors and substantial shareholders of GPB.
GPB has intention of selling its products to the USA market and proposed to off-set the above receivables owing by GPI against future potential licensing fees payable to GPI in relation to the USA market. The proposed settlement plan will be closely monitored.
3. Expected timeframe to fully recover the debts:
GPB hopes to fully recover the abovementioned debts within the next two (2) years i.e., by year 2013.
This announcement is dated 16 February 2011.
Attachments: Copy of GPB Outstanding RRPT Receivables as at 31 Dec2010_1.xls
GPACKET - Quarterly rpt on consolidated results for the financial period ended 31/12/2010
Announcement Type: Financial Results
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 4
Quarterly report for the financial period ended: 31/12/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 4
Quarterly report for the financial period ended: 31/12/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
GPACKET - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Rami Bazzi
Age: 40
Nationality: Canadian
Qualifications: He holds a Master of Business in Administration and a Master of Science in Finance from Concordia University, Canada. He has also earned a Bachelor of Science in Computer Science from the Lebanese American University in Lebanon, and is a Chartered Financial Analyst.
Working experience and occupation: Mr Bazzi currently holds the position of Senior Executive Director in Sedco Equity Partners ("SEP") managing its investment activities. He has an extensive experience in the areas of private equity, corporate strategy, shareholder value improvement, business valuation, mergers and acquisitions analysis, risk management and credit risk.
He joined SEP from Injazat Capital, Dubai, UAE, where he was the Senior Executive Officer responsible for managing the bank's private equity and advisory services. Prior to that, he was the CFO of LITAT Group, a regional commodity trading group, and was in charge of the group's investments' financing and negotiation and the restructuring of the organization.
Mr Bazzi also had experience in the area of strategy and shareholder value analysis with Deloitte Consulting in Toronto, Canada, managing assignments for firms operating in North Ameria, Europe and Asia in various industries including telecom, pharmaceutical, automotive, oil and gas, aluminum manufacturing, and retail. Prior to Deloitte, he worked with the Royal Bank Financial Group in Toronto, Canada, in the areas of corporate credit risk, financial policy and strategy.
Directorship of public companies (if any): Nil
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: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Director
Directorate: Non Independent & Non Executive
Name: Rami Bazzi
Age: 40
Nationality: Canadian
Qualifications: He holds a Master of Business in Administration and a Master of Science in Finance from Concordia University, Canada. He has also earned a Bachelor of Science in Computer Science from the Lebanese American University in Lebanon, and is a Chartered Financial Analyst.
Working experience and occupation: Mr Bazzi currently holds the position of Senior Executive Director in Sedco Equity Partners ("SEP") managing its investment activities. He has an extensive experience in the areas of private equity, corporate strategy, shareholder value improvement, business valuation, mergers and acquisitions analysis, risk management and credit risk.
He joined SEP from Injazat Capital, Dubai, UAE, where he was the Senior Executive Officer responsible for managing the bank's private equity and advisory services. Prior to that, he was the CFO of LITAT Group, a regional commodity trading group, and was in charge of the group's investments' financing and negotiation and the restructuring of the organization.
Mr Bazzi also had experience in the area of strategy and shareholder value analysis with Deloitte Consulting in Toronto, Canada, managing assignments for firms operating in North Ameria, Europe and Asia in various industries including telecom, pharmaceutical, automotive, oil and gas, aluminum manufacturing, and retail. Prior to Deloitte, he worked with the Royal Bank Financial Group in Toronto, Canada, in the areas of corporate credit risk, financial policy and strategy.
Directorship of public companies (if any): Nil
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
CONNECT - General Announcement
Announcement Type: General Announcement
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 16/02/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: OTHERS
Description: EXCLUSIVE AGENCY AGREEMENT BETWEEN RAPID CONN (SHEN ZHEN) CO., LTD. AND ONLINK( HK ) INDUSTRIAL LIMITED, ("AGREEMENT")
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 16/02/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: OTHERS
Description: EXCLUSIVE AGENCY AGREEMENT BETWEEN RAPID CONN (SHEN ZHEN) CO., LTD. AND ONLINK( HK ) INDUSTRIAL LIMITED, ("AGREEMENT")
STEMLFE - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: STEMLIFE BERHAD (ACE Market)
Stock Name: STEMLFE
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: YAP YU MING
Age: 43
Nationality: MALAYSIAN
Qualifications: 1) Bachelor of Commerce, University of Newcastle, Australia
2) Master of Business Administration, University of Malaya, Malaysia.
Working experience and occupation: 1) Started career with Ernst & Young
2) 19 years of experience in property investment, development and management.
3) Have experience of working in Public Listed Companies.
Directorship of public companies (if any): Nil
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: STEMLIFE BERHAD (ACE Market)
Stock Name: STEMLFE
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: YAP YU MING
Age: 43
Nationality: MALAYSIAN
Qualifications: 1) Bachelor of Commerce, University of Newcastle, Australia
2) Master of Business Administration, University of Malaya, Malaysia.
Working experience and occupation: 1) Started career with Ernst & Young
2) 19 years of experience in property investment, development and management.
3) Have experience of working in Public Listed Companies.
Directorship of public companies (if any): Nil
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
STEMLFE - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: STEMLIFE BERHAD (ACE Market)
Stock Name: STEMLFE
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: YAP YU MING
Age: 43
Nationality: MALAYSIAN
Qualifications: 1) Bachelor of Commerce, University of Newcastle, Australia
2) Master of Business Administration, University of Malaya, Malaysia.
Working experience and occupation: 1) Started career with Ernst & Young
2) 19 years of experience in property investment, development and management.
3) Have experience of working in Public Listed Companies.
Directorship of public companies (if any): Nil
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
Composition of Audit Committee (Name and Directorate of members after change): Chairman: Tengku Putra Haron Aminurrashid Bin Tan Sri Tengku Hamid Jumat
Member: 1) Loh Yoon Kwai
2) Yap Yu Ming
Company Name: STEMLIFE BERHAD (ACE Market)
Stock Name: STEMLFE
Date Announced: 16/02/2011
Announcement Detail:
Date of change: 16/02/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: YAP YU MING
Age: 43
Nationality: MALAYSIAN
Qualifications: 1) Bachelor of Commerce, University of Newcastle, Australia
2) Master of Business Administration, University of Malaya, Malaysia.
Working experience and occupation: 1) Started career with Ernst & Young
2) 19 years of experience in property investment, development and management.
3) Have experience of working in Public Listed Companies.
Directorship of public companies (if any): Nil
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
Composition of Audit Committee (Name and Directorate of members after change): Chairman: Tengku Putra Haron Aminurrashid Bin Tan Sri Tengku Hamid Jumat
Member: 1) Loh Yoon Kwai
2) Yap Yu Ming
DRBHCOM - General Announcement
Announcement Type: General Announcement
Company Name: DRB-HICOM BERHAD
Stock Name: DRBHCOM
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: DRB-HICOM BERHAD ("DRB-HICOM" OR "the Company")
- STRIKE OFF OF EON RESORTS SDN BHD, AN INDIRECT WHOLLY OWNED SUBSIDIARY OF DRB-HICOM PURSUANT TO SECTION 308 OF THE COMPANIES ACT, 1965.
Company Name: DRB-HICOM BERHAD
Stock Name: DRBHCOM
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: DRB-HICOM BERHAD ("DRB-HICOM" OR "the Company")
- STRIKE OFF OF EON RESORTS SDN BHD, AN INDIRECT WHOLLY OWNED SUBSIDIARY OF DRB-HICOM PURSUANT TO SECTION 308 OF THE COMPANIES ACT, 1965.
TDM - TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 16/02/2011
Announcement Detail:
Subject: TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 404,500 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., Friday, 18 February 2011.
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 16/02/2011
Announcement Detail:
Subject: TDM-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 404,500 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., Friday, 18 February 2011.
CCM - General Announcement
Announcement Type: General Announcement
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: KUALA LUMPUR HIGH COURT (COMMERCIAL DIVISION) ORIGINATING SUMMONS NO: D24NCC-245-2010 SERVED ON CHEMICAL COMPANY OF MALAYSIA BERHAD BY AKN TECHNOLOGY BERHAD IN THE MATTER OF:
(i) THE SHARES SALES AGREEMENT DATED 23 APRIL 2008 BETWEEN PARAMOUNT DISCOVERY SDN BHD AND CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(ii) THE SUPPLEMENTAL SHARES SALE AGREEMENT DATED 3 JULY 2008 BETWEEN PARAMOUNT DISCOVERY SDN BHD AND CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(iii) THE CONDITIONAL PROFIT GUARANTEE AGREEMENT DATED 23 APRIL 2008 EXECUTED BY AKN TECHNOLOGY BERHAD IN FAVOUR OF CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(iv) THE SUPPLEMENTAL CONDITIONAL PROFIT GUARANTEE AGREEMENT DATED 3 JULY 2008 EXECUTED BY AKN TECHNOLOGY BERHAD IN FAVOUR OF CHEMICAL COMPANY OF MALAYSIA BERHAD.
Company Name: CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name: CCM
Date Announced: 16/02/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: KUALA LUMPUR HIGH COURT (COMMERCIAL DIVISION) ORIGINATING SUMMONS NO: D24NCC-245-2010 SERVED ON CHEMICAL COMPANY OF MALAYSIA BERHAD BY AKN TECHNOLOGY BERHAD IN THE MATTER OF:
(i) THE SHARES SALES AGREEMENT DATED 23 APRIL 2008 BETWEEN PARAMOUNT DISCOVERY SDN BHD AND CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(ii) THE SUPPLEMENTAL SHARES SALE AGREEMENT DATED 3 JULY 2008 BETWEEN PARAMOUNT DISCOVERY SDN BHD AND CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(iii) THE CONDITIONAL PROFIT GUARANTEE AGREEMENT DATED 23 APRIL 2008 EXECUTED BY AKN TECHNOLOGY BERHAD IN FAVOUR OF CHEMICAL COMPANY OF MALAYSIA BERHAD; AND
(iv) THE SUPPLEMENTAL CONDITIONAL PROFIT GUARANTEE AGREEMENT DATED 3 JULY 2008 EXECUTED BY AKN TECHNOLOGY BERHAD IN FAVOUR OF CHEMICAL COMPANY OF MALAYSIA BERHAD.
No comments:
Post a Comment