February 24, 2011

Company announcements: TIMECOM, ATIS, IBRACO, EKOWOOD, AIRASIA, CANONE, RSAWIT, BENALEC, KSSC

TIMECOM - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: TIME DOTCOM BERHAD
Stock Name: TIMECOM
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: TIME DOTCOM BERHAD ("TdC" OR "COMPANY")

• PROPOSED ACQUISITIONS OF 100% EQUITY STAKES IN GLOBAL TRANSIT COMMUNICATIONS SDN BHD, GLOBAL TRANSIT LIMITED (LABUAN) AND GLOBAL TRANSIT ENTITIES AND AIMS GROUP ("PROPOSED ACQUISITIONS")

• PROPOSED CAPITAL REPAYMENT PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REPAYMENT")

• PROPOSED CAPITAL RESTRUCTURING COMPRISING:

- PROPOSED CAPITAL REDUCTION OF TdC'S EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RM2,530,775,000 COMPRISING 2,530,775,000 SHARES OF RM1.00 EACH IN TdC VIA CANCELLATION OF RM0.90 OF THE PAR VALUE OF TdC PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED CAPITAL REDUCTION")
- PROPOSED SET-OFF OF TdC'S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TdC
- PROPOSED SHARE CONSOLIDATION OF 2,530,775,000 ORDINARY SHARES OF RM0.10 (AFTER THE PROPOSED CAPITAL REDUCTION) INTO 506,155,000 TdC SHARES, ON THE BASIS OF FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN TDC INTO ONE (1) ORDINARY SHARE OF RM0.50 EACH IN TdC

("PROPOSED CAPITAL RESTRUCTURING")

(PROPOSED ACQUISITIONS, PROPOSED CAPITAL REPAYMENT AND PROPOSED RESTRUCTURING ARE COLLECTIVELY REFERRED TO AS "PROPOSALS")


ATIS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: ATIS CORPORATION BERHAD
Stock Name: ATIS
Date Announced: 24/02/2011

Announcement Detail:
Date of change: 24/02/2011

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Hew Voon Foo

Age: 49

Nationality: Malaysian

Qualifications: Member of the Chartered Institute of Management Accountants (CIMA) and Malaysian Institute of Accountants (MIA).

Working experience and occupation: He has extensive experience in financial management gained over the years in an audit firm and as financial controller in a local manufacturing company.

Currently, Mr Hew is :
• a non-independent non-executive director and a member of the audit committee (AC) of EP Manufacturing Berhad.
• an independent non-executive director and a member of Nomination Committee, AC (Chairman) and Remuneration Committee (Chairman) of Genetec Technology Berhad.

Directorship of public companies (if any): EP Manufacturing Berhad and Genetec Technology Berhad

Family relationship with any director and/or major shareholder of the listed issuer: None

Any conflict of interests that he/she has with the listed issuer: None

Details of any interest in the securities of the listed issuer or its subsidiaries: Direct interest : 306,500 ordinary shares of RM0.50 each
Indirect interest* : 122,800 ordinary shares of RM0.50 each

Note :
* Deemed interested through shares held by his spouse.

Composition of Audit Committee (Name and Directorate of members after change): Composition of the AC (after the change) is as follows:
(1) Mej Jen (Rtd) Dato' Haji Fauzi Bin Hussain (Chairman and senior independent non-executive director)
(2) Too Kok Thai (Independent non-executive director)
(3) Lim Beng Guan (Non-independent non-executive director)
(4) Hew Voon Foo (Independent non-executive director)


IBRACO - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company Name: IBRACO BERHAD
Stock Name: IBRACO
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS

Description: IBRACO BERHAD ("IBRACO" OR THE "COMPANY")
PROPOSED ACQUISITION OF APPROXIMATELY 4.622 HECTARES OF MIXED ZONE LAND DESCRIBED AS LOT 4952 BLOCK 11 MUARA TEBAS LAND DISTRICT

Attachments: Announcement on Acquisition of Lot 4952.pdf


EKOWOOD - OTHERS: Outstanding related party receivables (Amended Announcement)

Announcement Type: General Announcement
Company Name: EKOWOOD INTERNATIONAL BERHAD
Stock Name: EKOWOOD
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: Outstanding related party receivables

Attachments: Ekowood - Schedule trade receivable.pdf


AIRASIA - Quarterly rpt on consolidated results for the financial period ended 31/12/2010

Announcement Type: Financial Results
Company Name: AIRASIA BERHAD
Stock Name: AIRASIA
Date Announced: 24/02/2011

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)


CANONE - MATERIAL LITIGATION

Announcement Type: General Announcement
Company Name: CAN-ONE BERHAD
Stock Name: CANONE
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: MATERIAL LITIGATION

Description: CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT
COMMERCIAL DIVISION
SUIT NO. D8-22-505-2009
DATO' SEE TEOW CHUAN & 13 OTHERS ("PLAINTIFFS") -versus-
1. OOI WOON CHEE
2. NG KIM TUCK
3. KPMG CORPORATE SERVICES SDN BHD (COMPANY NO. 462265-P)
4. KPMG (SUED AS A FIRM) (FIRM NO. AF 0758)
5. CAN-ONE INTERNATIONAL SDN BHD (COMPANY NO. 729929-K)

Attachments: Material Litigation.pdf


RSAWIT - General Announcement

Announcement Type: General Announcement
Company Name: RIMBUNAN SAWIT BERHAD
Stock Name: RSAWIT
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: (i) Proposed shareholder ratification for recurrent related party transactions of a revenue or trading nature for the period from 15 September 2010 up to the forthcoming Extraordinary General Meeting
(ii) Proposed shareholder mandate for recurrent related party transactions of a revenue or trading nature from the date of the forthcoming Extraordinary General Meeting up to the conclusion of the next Annual General Meeting ("AGM")


RSAWIT - Consolidated results for the financial period ended 31/12/2010

Announcement Type: Financial Results
Company Name: RIMBUNAN SAWIT BERHAD
Stock Name: RSAWIT
Date Announced: 24/02/2011

Announcement Detail:
Financial Year End: 31/12/2010

Quarter: Other

Quarterly report for the financial period ended: 31/12/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


BENALEC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company Name: BENALEC HOLDINGS BERHAD
Stock Name: BENALEC
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description: SALE AND PURCHASE AGREEMENT ENTERED INTO BY HERITAGE PROPERTY SDN BHD AND HERITAGE LAND SDN BHD, WHOLLY OWNED SUBSIDIARIES OF BENALEC SDN BHD ("BSB") WHICH IN TURN IS A WHOLLY OWNED SUBSIDIARY OF BENALEC HOLDINGS BERHAD FOR THE DISPOSAL OF TWO PARCELS OF LEASEHOLD LAND LOCATED AT PEKAN KLEBANG, DAERAH MELAKA TENGAH ("LAND") MEASURING APPROXIMATELY 31,967 SQUARE METRES ("M2") AND 31,578M2 RESPECTIVELY


KSSC - OTHERS: Proposed First and Final Single Tier Dividend

Announcement Type: General Announcement
Company Name: K.SENG SENG CORPORATION BERHAD
Stock Name: KSSC
Date Announced: 24/02/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: Proposed First and Final Single Tier Dividend


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