SCOMI - null
Announcement Type: General Announcement
Company Name: SCOMI GROUP BERHAD
Stock Name: SCOMI
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SCOMI GROUP BHD
- Proposed Renewal of Authority for Share Buy-Back
Company Name: SCOMI GROUP BERHAD
Stock Name: SCOMI
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SCOMI GROUP BHD
- Proposed Renewal of Authority for Share Buy-Back
IRETEX - null
Announcement Type: General Announcement
Company Name: IRE-TEX CORPORATION BERHAD
Stock Name: IRETEX
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject : Disposal of 30% interest in associated company Ire-Tex (Xiamen) Plastics Co. Ltd. ("ITXP")
Company Name: IRE-TEX CORPORATION BERHAD
Stock Name: IRETEX
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject : Disposal of 30% interest in associated company Ire-Tex (Xiamen) Plastics Co. Ltd. ("ITXP")
IRETEX - null
Announcement Type: General Announcement
Company Name: IRE-TEX CORPORATION BERHAD
Stock Name: IRETEX
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject : Disposal of 49% interest each in two subsidiary companies, Eppor-Pack Sdn. Bhd. ("EPSB") and Powertude Sdn. Bhd. ("PTSB"), by Ire-Tex Corporation Berhad ("ITCB" or "the Company")
Company Name: IRE-TEX CORPORATION BERHAD
Stock Name: IRETEX
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Subject : Disposal of 49% interest each in two subsidiary companies, Eppor-Pack Sdn. Bhd. ("EPSB") and Powertude Sdn. Bhd. ("PTSB"), by Ire-Tex Corporation Berhad ("ITCB" or "the Company")
PICORP - null
Announcement Type: General Announcement
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY")
- REVALUATION IN COMPLIANCE WITH FINANCIAL REPORTING STANDARD 140
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY")
- REVALUATION IN COMPLIANCE WITH FINANCIAL REPORTING STANDARD 140
D&O - null
Announcement Type: General Announcement
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 21/04/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NS-110420-55444
Subject: SUBSCRIPTION OF RIGHTS ISSUE UNDERTAKEN BY DOMINANT OPTO TECHNOLOGIES SDN BHD
Description: Further to the announcement made on 18 April 2011 pertaining to the Subscription Of Rights Issue Undertaken By Dominant Opto Technologies Sdn Bhd, the Board of Directors of D & O Green Technologies Berhad ("D&O") wish to provide the additional information as follows :
1. Information on Dominant Opto Technologies Sdn Bhd ("Dominant")
Dominant is principally involved in the design, development, assembly and testing of opto-semiconductor products. The main product manufactured by Dominant is surface-mount light emitting diodes (LEDs) which is widely used in handphones, automotive lightings, outdoor display boards, traffic lights and general lighting.
Today, D&O Group's core business activities can be grouped under three sectors, LED Component Group, Contract Manufacturing Group and Module Group. Dominant is the only subsidiary involved in LED Component manufacturing business.
2. Basis of arriving at the subscription amount of Excess Shares
D&O is the single largest and majority shareholder holding 51.31% equity interest in Dominant prior to the Rights Issue. During the Rights Issue, some minority shareholders have decided not to take up their full provisional allotment ("Excess Shares").
D&O subsequently subscribed for an additional 12,025,000 of the Excess Shares at the same Rights Issue price at par of RM1.00 each, amounting to RM12,025,000. The subscription of Excess Shares resulted in the equity interest of D&O in Dominant increasing from 51.31% to 63.46%.
The Board of D&O believes that it is in the best interest of shareholders to subscribe for the additional shares in light of the promising long term outlook of the global LED industry. The Board also believes that the advent of new LED applications especially from the consumer segment such as TV and General Lighting will bode well for an LED Component Packaging company like Dominant.
3. Terms of arrangement for payment
The Excess Shares were paid in cash on the date of subscription.
4. Net Assets and Net Profits of Dominant
Based on the latest consolidated audited accounts of Dominant for the financial year ended 31 December 2010, the Net Assets attributable to owners of Dominant stood at RM56.53 million and the Net Assets Per Share stood at RM1.142. Net Loss attributable to owners of Dominant was RM64.75 million for the financial year ended 31 December 2010.
The loss in 2010 included a one-off RM41.2million asset impairment charge on fixed assets and inventory following a comprehensive review of Dominant's business focus and direction.
5. Approvals Required for the Excess Shares
The subscription of Excess Shares is not subject to the approval of shareholders and other relevant authorities.
6. Rationale for the acquisition of the Excess Shares
The Board of D&O believes the subscription is in the best interest of shareholders. It would enable D&O to increase its participation in the burgeoning global LED industry. The Rights Issue will also strengthen the balance sheet of Dominant and enable Dominant to further tap the growth of global demand for quality LED component. Dominant is one of the few LED packaging houses that have been qualified by major global automotive companies.
7. Percentage Ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements
The highest percentage ratio applicable to the acquisition of Excess Shares pursuant to paragraph 10.02(g) of the Main Market Listing Requirements is 8.96%.
Query Letter content: We refer to your Company's announcement dated 18 April 2011 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. A description of the business carried on by Dominant.
2. The basis of arriving at the consideration for the additional 12,025,000 new
ordinary shares in Dominant not taken up by other minority shareholders
("Excess Shares").
3. The terms of any arrangement for payment of the consideation for the Excess
Shares on a deferred basis.
4. The net assets and net profits of Dominant based on its latest audited
accounts.
5. Whether the acquisition of the Excess Shares is subject to the shareholders
approval and the relevant government authorities and the estimated time frame
for sumission of the application to the relevant authorities.
6. The rationale for the acquisition of the Excess Shares.
7. The highest percentage ratio applicable to the acquisition of Excess Shares
pursuant to Paragraph 10.02(g) of Main market Listing Requirements.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NZ
c.c:- General Manager & Head, Market Surveillance Department, Market
Supervision Buisness Group, Securities Commission (via fax)
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 21/04/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NS-110420-55444
Subject: SUBSCRIPTION OF RIGHTS ISSUE UNDERTAKEN BY DOMINANT OPTO TECHNOLOGIES SDN BHD
Description: Further to the announcement made on 18 April 2011 pertaining to the Subscription Of Rights Issue Undertaken By Dominant Opto Technologies Sdn Bhd, the Board of Directors of D & O Green Technologies Berhad ("D&O") wish to provide the additional information as follows :
1. Information on Dominant Opto Technologies Sdn Bhd ("Dominant")
Dominant is principally involved in the design, development, assembly and testing of opto-semiconductor products. The main product manufactured by Dominant is surface-mount light emitting diodes (LEDs) which is widely used in handphones, automotive lightings, outdoor display boards, traffic lights and general lighting.
Today, D&O Group's core business activities can be grouped under three sectors, LED Component Group, Contract Manufacturing Group and Module Group. Dominant is the only subsidiary involved in LED Component manufacturing business.
2. Basis of arriving at the subscription amount of Excess Shares
D&O is the single largest and majority shareholder holding 51.31% equity interest in Dominant prior to the Rights Issue. During the Rights Issue, some minority shareholders have decided not to take up their full provisional allotment ("Excess Shares").
D&O subsequently subscribed for an additional 12,025,000 of the Excess Shares at the same Rights Issue price at par of RM1.00 each, amounting to RM12,025,000. The subscription of Excess Shares resulted in the equity interest of D&O in Dominant increasing from 51.31% to 63.46%.
The Board of D&O believes that it is in the best interest of shareholders to subscribe for the additional shares in light of the promising long term outlook of the global LED industry. The Board also believes that the advent of new LED applications especially from the consumer segment such as TV and General Lighting will bode well for an LED Component Packaging company like Dominant.
3. Terms of arrangement for payment
The Excess Shares were paid in cash on the date of subscription.
4. Net Assets and Net Profits of Dominant
Based on the latest consolidated audited accounts of Dominant for the financial year ended 31 December 2010, the Net Assets attributable to owners of Dominant stood at RM56.53 million and the Net Assets Per Share stood at RM1.142. Net Loss attributable to owners of Dominant was RM64.75 million for the financial year ended 31 December 2010.
The loss in 2010 included a one-off RM41.2million asset impairment charge on fixed assets and inventory following a comprehensive review of Dominant's business focus and direction.
5. Approvals Required for the Excess Shares
The subscription of Excess Shares is not subject to the approval of shareholders and other relevant authorities.
6. Rationale for the acquisition of the Excess Shares
The Board of D&O believes the subscription is in the best interest of shareholders. It would enable D&O to increase its participation in the burgeoning global LED industry. The Rights Issue will also strengthen the balance sheet of Dominant and enable Dominant to further tap the growth of global demand for quality LED component. Dominant is one of the few LED packaging houses that have been qualified by major global automotive companies.
7. Percentage Ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements
The highest percentage ratio applicable to the acquisition of Excess Shares pursuant to paragraph 10.02(g) of the Main Market Listing Requirements is 8.96%.
Query Letter content: We refer to your Company's announcement dated 18 April 2011 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. A description of the business carried on by Dominant.
2. The basis of arriving at the consideration for the additional 12,025,000 new
ordinary shares in Dominant not taken up by other minority shareholders
("Excess Shares").
3. The terms of any arrangement for payment of the consideation for the Excess
Shares on a deferred basis.
4. The net assets and net profits of Dominant based on its latest audited
accounts.
5. Whether the acquisition of the Excess Shares is subject to the shareholders
approval and the relevant government authorities and the estimated time frame
for sumission of the application to the relevant authorities.
6. The rationale for the acquisition of the Excess Shares.
7. The highest percentage ratio applicable to the acquisition of Excess Shares
pursuant to Paragraph 10.02(g) of Main market Listing Requirements.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NZ
c.c:- General Manager & Head, Market Surveillance Department, Market
Supervision Buisness Group, Securities Commission (via fax)
MERCURY - null
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: MERCURY INDUSTRIES BERHAD
Stock Name: MERCURY
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: MERCURY INDUSTRIES BERHAD ("MIB" or "the Company")
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
Submitting Merchant Bank: -
Company Name: MERCURY INDUSTRIES BERHAD
Stock Name: MERCURY
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: MERCURY INDUSTRIES BERHAD ("MIB" or "the Company")
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
SALCON - null
Announcement Type: General Announcement
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: MEMORANDUM OF UNDERSTANDING
Description: MEMORANDUM OF UNDERSTANDING WITH PERUSAHAAN DAERAH AIR MINUM KABUPATEN BEKASI
Company Name: SALCON BERHAD
Stock Name: SALCON
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: MEMORANDUM OF UNDERSTANDING
Description: MEMORANDUM OF UNDERSTANDING WITH PERUSAHAAN DAERAH AIR MINUM KABUPATEN BEKASI
SUPER - null
Announcement Type: Change in Audit Committee
Company Name: SUPER ENTERPRISE HOLDINGS BERHAD
Stock Name: SUPER
Date Announced: 21/04/2011
Announcement Detail:
Date of change: 21/04/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Soh Chee Beng
Age: 53
Nationality: Malaysian
Qualifications: University Malaya - BSc (Hons) Chemistry
University Kebangsaan - MBA (Without Thesis)
Working experience and occupation: Years 1980 - 2010
30 years working experience in semiconductor industries over 7 companies. Began career as a QC engineer and rose the ranks of Asia Pacific Procurement Director.
Years 2010 -2011
Currently working as the Group Chief Operating Officer for CFB Resource Group of Companies, which involved in manufacturing and trading of ferrous and non-ferrous building metals.
Directorship of public companies (if any): None
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: None
Composition of Audit Committee (Name and Directorate of members after change): 1. Mr Liung Cheong Poh - Independent Non-Executive Director (Chairman)
2. Datuk Haji Zubir Bin Haji Ali - Independent Non-Executive Director (Member)
3. Mr Soh Chee Beng - Indepedent Non-Executive Director (Member)
Company Name: SUPER ENTERPRISE HOLDINGS BERHAD
Stock Name: SUPER
Date Announced: 21/04/2011
Announcement Detail:
Date of change: 21/04/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Soh Chee Beng
Age: 53
Nationality: Malaysian
Qualifications: University Malaya - BSc (Hons) Chemistry
University Kebangsaan - MBA (Without Thesis)
Working experience and occupation: Years 1980 - 2010
30 years working experience in semiconductor industries over 7 companies. Began career as a QC engineer and rose the ranks of Asia Pacific Procurement Director.
Years 2010 -2011
Currently working as the Group Chief Operating Officer for CFB Resource Group of Companies, which involved in manufacturing and trading of ferrous and non-ferrous building metals.
Directorship of public companies (if any): None
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: None
Composition of Audit Committee (Name and Directorate of members after change): 1. Mr Liung Cheong Poh - Independent Non-Executive Director (Chairman)
2. Datuk Haji Zubir Bin Haji Ali - Independent Non-Executive Director (Member)
3. Mr Soh Chee Beng - Indepedent Non-Executive Director (Member)
SUPER - null
Announcement Type: Change in Boardroom
Company Name: SUPER ENTERPRISE HOLDINGS BERHAD
Stock Name: SUPER
Date Announced: 21/04/2011
Announcement Detail:
Date of change: 21/04/2011
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: Soh Chee Beng
Age: 53
Nationality: Malaysian
Qualifications: University Malaya - BSc (Hons) Chemistry
University Kebangsaan - MBA (Without Thesis)
Working experience and occupation: Years 1980 - 2010
30 years working experience in semiconductor industries over 7 companies. Began career as a QC engineer and rose the ranks of Asia Pacific Procurement Director.
Years 2010 -2011
Currently working as the Group Chief Operating Officer for CFB Resource Group of Companies, which involved in manufacturing and trading of ferrous and non-ferrous building metals.
Directorship of public companies (if any): None
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: None
Company Name: SUPER ENTERPRISE HOLDINGS BERHAD
Stock Name: SUPER
Date Announced: 21/04/2011
Announcement Detail:
Date of change: 21/04/2011
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Name: Soh Chee Beng
Age: 53
Nationality: Malaysian
Qualifications: University Malaya - BSc (Hons) Chemistry
University Kebangsaan - MBA (Without Thesis)
Working experience and occupation: Years 1980 - 2010
30 years working experience in semiconductor industries over 7 companies. Began career as a QC engineer and rose the ranks of Asia Pacific Procurement Director.
Years 2010 -2011
Currently working as the Group Chief Operating Officer for CFB Resource Group of Companies, which involved in manufacturing and trading of ferrous and non-ferrous building metals.
Directorship of public companies (if any): None
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: None
SPSETIA - null
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: S P SETIA BERHAD
Stock Name: SPSETIA
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY")
(I) PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA ("S P SETIA SHARES"), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PLACEMENT");
(II) BONUS ISSUE OF NEW S P SETIA SHARES ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) S P SETIA SHARES HELD AFTER THE PLACEMENT ("BONUS ISSUE"); AND
(III) INCREASE IN THE AUTHORISED SHARE CAPITAL OF S P SETIA FROM RM1,200,000,000 COMPRISING 1,600,000,000 S P SETIA SHARES TO RM2,250,000,000 COMPRISING 3,000,000,000 S P SETIA SHARES ("CAPITAL INCREASE")
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISE")
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: S P SETIA BERHAD
Stock Name: SPSETIA
Date Announced: 21/04/2011
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description: S P SETIA BERHAD ("S P SETIA" OR THE "COMPANY")
(I) PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA ("S P SETIA SHARES"), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PLACEMENT");
(II) BONUS ISSUE OF NEW S P SETIA SHARES ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) S P SETIA SHARES HELD AFTER THE PLACEMENT ("BONUS ISSUE"); AND
(III) INCREASE IN THE AUTHORISED SHARE CAPITAL OF S P SETIA FROM RM1,200,000,000 COMPRISING 1,600,000,000 S P SETIA SHARES TO RM2,250,000,000 COMPRISING 3,000,000,000 S P SETIA SHARES ("CAPITAL INCREASE")
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISE")
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