SEB - null
Announcement Type: General Announcement
Company Name: SEREMBAN ENGINEERING BERHAD
Stock Name: SEB
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SEREMBAN ENGINEERING BERHAD ("SEB" OR THE "COMPANY")
Proposed Authority for the Company to Purchase Its Own Ordinary Shares of Up To 10% of the Issued and Paid-Up Share Capital of the Company
Company Name: SEREMBAN ENGINEERING BERHAD
Stock Name: SEB
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SEREMBAN ENGINEERING BERHAD ("SEB" OR THE "COMPANY")
Proposed Authority for the Company to Purchase Its Own Ordinary Shares of Up To 10% of the Issued and Paid-Up Share Capital of the Company
SEB - null
Announcement Type: General Announcement
Company Name: SEREMBAN ENGINEERING BERHAD
Stock Name: SEB
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description: SEREMBAN ENGINEERING BERHAD
Dealing in Securities by Directors and Principal Officer During Closed Period
Company Name: SEREMBAN ENGINEERING BERHAD
Stock Name: SEB
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description: SEREMBAN ENGINEERING BERHAD
Dealing in Securities by Directors and Principal Officer During Closed Period
TAMBUN - null
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: TAMBUN INDAH LAND BERHAD
Stock Name: TAMBUN
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: TAMBUN INDAH LAND BERHAD ("TAMBUN INDAH" OR THE "COMPANY")
•PROPOSED PRIDAMAN ACQUISITION;
•PROPOSED PREMCOURT ACQUISITION; AND
•PROPOSED IKHTIAR BITARA ACQUISITION
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: TAMBUN INDAH LAND BERHAD
Stock Name: TAMBUN
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: TAMBUN INDAH LAND BERHAD ("TAMBUN INDAH" OR THE "COMPANY")
•PROPOSED PRIDAMAN ACQUISITION;
•PROPOSED PREMCOURT ACQUISITION; AND
•PROPOSED IKHTIAR BITARA ACQUISITION
GAMUDA - null
Announcement Type: General Announcement
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Malaysian Rating Corporation Berhad ("MARC") Press Release On Further Downgrades Of The Selangor Water Sector-Related Ratings
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Malaysian Rating Corporation Berhad ("MARC") Press Release On Further Downgrades Of The Selangor Water Sector-Related Ratings
CHOOBEE - null
Announcement Type: General Announcement
Company Name: CHOO BEE METAL INDUSTRIES BHD
Stock Name: CHOOBEE
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Proposed Renewal of Share Buy Back Authority and Proposed Renewal of Shareholders' Mandate on Recurrent Related Party Transactions of a Revenue or Trading Nature
Company Name: CHOO BEE METAL INDUSTRIES BHD
Stock Name: CHOOBEE
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Proposed Renewal of Share Buy Back Authority and Proposed Renewal of Shareholders' Mandate on Recurrent Related Party Transactions of a Revenue or Trading Nature
MINTYE - null
Announcement Type: General Announcement
Company Name: MINTYE INDUSTRIES BHD
Stock Name: MINTYE
Date Announced: 18/04/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-110415-35130
Subject: ACQUISITION OF OFFICE BUILDING AND SINGLE STOREY WAREHOUSE BEARING POSTAL ADDRESS NO. 48 PERSIARAN SEGAMBUT TENGAH, SEGAMBUT, 51200 KUALA LUMPUR ("PROPERTY")
Description: We refer to your letter dated 15 April 2011 and furnish below the additional information as requested :
1. Particulars of the Vendor, as per computer print out from Suruhanjaya Syarikat Malaysia (SSM) are as follows:
a) Name of Vendor : Jemco Sdn. Bhd. (Company No. 40018-W)
b) Principal activities : Retailing and wholesale of spare parts and engineering products
c) Particulars of Directors and Shareholdings
Name / IC No. & Address
i) Lee Swee
460313-01-5025
34, Jalan SS22/35
Damansara Jaya
Selangor
ii) Yip Lai Yoong
550420-10-5850
7, Jalan 7/62
Bandar Menjalara, kepong
52100 Kuala Lumpur
iii) Tan Thiam Swee
570526-01-7099
13, Jalan BRP 2/2A
Bukit Rahman Putra
47000 Sungai Buloh. Selangor
iv) Tan Yit Fang
690925-01-6102
34, Jalan SS 22/36
Damansara Jaya
47400 Petaling Jaya
Selangor
Major Shareholder & shareholding
i) Lee Swee
(14,999,999 shares)
Total share capital is 15,000,000 shares of RM1/= each fully paid
2. The purchase consideration is comparable to the recent sale prices of the same type of property in the surrounding
area other than willing buyer and willing seller basis.
3. No valuation was carried out on the Property by registered valuer as the purchase is not considered material.
4. We do no know the net book value of the Property as the audited financial statements are not provided to us.
5. The double-storey office building is about 25 years old and has a total lettable floor area of approximately 10,000 sq ft and the single storey warehouse is about 25 years old and has a total lettable floor area of approximately 20,000 sq ft.
6. The existing uses of the Property are :
a) double storey office building is being used as office and
b) the single storey warehouse is being used as storage for automotive and tractor parts.
7. The Property is to be rented for about two to three years initially.
8. The basis to arrive at the expected monthly rate of RM40,000/= for the Property is as follows :
a) for office building -
per month at RM2/= per sq ft x 10,000 sq ft = RM20,000.00
b) for warehouse -
per month at RM1/= per sq ft x 20,000 sq ft = RM20,000.00
-----------
Total per month RM40,000.00
===========
9. We have not splitted the total value of RM9,500,000/= into cost for building and cost for land yet. The approved amortisation rate for the Company's building is 2% per annum. In this case we have taken a conservative rate of 2% per annum for both the leasehold land and building. Eventually the cost of the leasehold land, when the cost is ascertained, would be amortised over the remaining life of the lease.
10. There is no significant effect of the acquisition on the Company's gearing and totally no effect on the company's net assets per share, share capital and substantial shareholders' shareholdings, as the Property is acquired for cash using the Company's available fixed deposits placed with Banks.
11. No liability, contingent liability or guarantee is to be assumed by the Company in respect of this acquisition.
12. The Directors do not forsee any risk relating to this Property acquisition or any risk factor of the Property to be acquired.
13. The highest percentage rates applicable to the acquisition pursuant to Paragraph 10.02(g) :
Value of Property to be acquired (A) - RM9,500,000.00
Net assets of Mintye Industries Bhd per
Group Balance Sheet at 31 January 2010 (B) - RM105,398,156.00
Percentage ratio (A) / (B) = 9.01%
=====
14. The terms of the transaction were agreed upon on 5 April 2011. We signed the Sale & Purchase Agreement and passed it to our Lawyer for onwards passing to the Vendor's Lawyer for arrangement of signature by the Vendor. However, our Lawyer only received the duly signed Agreement from the Vendor's Lawyer on 12 April 2011 so our Lawyer dated and stamped the Agreement on 13 April 2011.
15. The acquisition involving only RM9,500,000/= is not subject to the approval of any Government Authorities.
16. The Company's major shareholders and/or persons connected to the Directors or major shareholders have no interest in the acquisition.
We trust you will find the above in order.
Thank You.
Yours truly
MINTYE INDUSTRIES BHD
FOONG KAI MING
Company Secretary
Query Letter content: We refer to your Company's announcement dated 14 April 2011, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The particulars of the vendor including the name, principal activities,
identity of its directors and major shareholders and their respective
shareholdings (where applicable);
The basis in arriving at the purchase consideration other than willing-buyer
willing-seller basis;
Whether any valuation was carried out on the Property. If so, to state the name
of the independent registered valuer, date and method of valuation and
quantification of the market value, and make available the Valuation Report for
inspection;
The net book value of the Property based on the latest audited financial
statements;
The approximate age and area of the double storey office building and single
storey warehouse, and the amount of lettable space for letting and occupancy
respectively;
The existing use of the property;
The estimated timeframe (number of years) for the Property to be rented out
initially;
The basis to arrive at the expected monthly rental rate for the Property of
RM40,000;
In view that the remaining lease period of the Property is approximately 56
years, to state the reasons for the Property to be amortized over a period of
50 years only;
The effects of the acquisition on the Company's net assets per share, gearing,
share capital and substantial shareholders' shareholdings;
The particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Company arising from the acquisition;
The risks in relation to the acquisition including risk factors of the Property
to be acquired;
The highest percentage ratio applicable to the acquisition pursuant to
Paragraph 10.02(g) of the Main Market Listing Requirements;
Further elaboration on the reason that the terms of the transaction were agreed
upon on 5 April 2011 whereas the Sale & Purchase Agreement ("SPA") was entered
into only on 13 April 2011;
Whether the acquisition is subject to the approval of any government
authorities. If yes, to state the name of the authorities and the estimated
timeframe for submission of application to the relevant authorities; and
Whether the Company's major shareholders and/or persons connected to the
directors or major shareholders have any interest in the acquisition.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: MINTYE INDUSTRIES BHD
Stock Name: MINTYE
Date Announced: 18/04/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-110415-35130
Subject: ACQUISITION OF OFFICE BUILDING AND SINGLE STOREY WAREHOUSE BEARING POSTAL ADDRESS NO. 48 PERSIARAN SEGAMBUT TENGAH, SEGAMBUT, 51200 KUALA LUMPUR ("PROPERTY")
Description: We refer to your letter dated 15 April 2011 and furnish below the additional information as requested :
1. Particulars of the Vendor, as per computer print out from Suruhanjaya Syarikat Malaysia (SSM) are as follows:
a) Name of Vendor : Jemco Sdn. Bhd. (Company No. 40018-W)
b) Principal activities : Retailing and wholesale of spare parts and engineering products
c) Particulars of Directors and Shareholdings
Name / IC No. & Address
i) Lee Swee
460313-01-5025
34, Jalan SS22/35
Damansara Jaya
Selangor
ii) Yip Lai Yoong
550420-10-5850
7, Jalan 7/62
Bandar Menjalara, kepong
52100 Kuala Lumpur
iii) Tan Thiam Swee
570526-01-7099
13, Jalan BRP 2/2A
Bukit Rahman Putra
47000 Sungai Buloh. Selangor
iv) Tan Yit Fang
690925-01-6102
34, Jalan SS 22/36
Damansara Jaya
47400 Petaling Jaya
Selangor
Major Shareholder & shareholding
i) Lee Swee
(14,999,999 shares)
Total share capital is 15,000,000 shares of RM1/= each fully paid
2. The purchase consideration is comparable to the recent sale prices of the same type of property in the surrounding
area other than willing buyer and willing seller basis.
3. No valuation was carried out on the Property by registered valuer as the purchase is not considered material.
4. We do no know the net book value of the Property as the audited financial statements are not provided to us.
5. The double-storey office building is about 25 years old and has a total lettable floor area of approximately 10,000 sq ft and the single storey warehouse is about 25 years old and has a total lettable floor area of approximately 20,000 sq ft.
6. The existing uses of the Property are :
a) double storey office building is being used as office and
b) the single storey warehouse is being used as storage for automotive and tractor parts.
7. The Property is to be rented for about two to three years initially.
8. The basis to arrive at the expected monthly rate of RM40,000/= for the Property is as follows :
a) for office building -
per month at RM2/= per sq ft x 10,000 sq ft = RM20,000.00
b) for warehouse -
per month at RM1/= per sq ft x 20,000 sq ft = RM20,000.00
-----------
Total per month RM40,000.00
===========
9. We have not splitted the total value of RM9,500,000/= into cost for building and cost for land yet. The approved amortisation rate for the Company's building is 2% per annum. In this case we have taken a conservative rate of 2% per annum for both the leasehold land and building. Eventually the cost of the leasehold land, when the cost is ascertained, would be amortised over the remaining life of the lease.
10. There is no significant effect of the acquisition on the Company's gearing and totally no effect on the company's net assets per share, share capital and substantial shareholders' shareholdings, as the Property is acquired for cash using the Company's available fixed deposits placed with Banks.
11. No liability, contingent liability or guarantee is to be assumed by the Company in respect of this acquisition.
12. The Directors do not forsee any risk relating to this Property acquisition or any risk factor of the Property to be acquired.
13. The highest percentage rates applicable to the acquisition pursuant to Paragraph 10.02(g) :
Value of Property to be acquired (A) - RM9,500,000.00
Net assets of Mintye Industries Bhd per
Group Balance Sheet at 31 January 2010 (B) - RM105,398,156.00
Percentage ratio (A) / (B) = 9.01%
=====
14. The terms of the transaction were agreed upon on 5 April 2011. We signed the Sale & Purchase Agreement and passed it to our Lawyer for onwards passing to the Vendor's Lawyer for arrangement of signature by the Vendor. However, our Lawyer only received the duly signed Agreement from the Vendor's Lawyer on 12 April 2011 so our Lawyer dated and stamped the Agreement on 13 April 2011.
15. The acquisition involving only RM9,500,000/= is not subject to the approval of any Government Authorities.
16. The Company's major shareholders and/or persons connected to the Directors or major shareholders have no interest in the acquisition.
We trust you will find the above in order.
Thank You.
Yours truly
MINTYE INDUSTRIES BHD
FOONG KAI MING
Company Secretary
Query Letter content: We refer to your Company's announcement dated 14 April 2011, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The particulars of the vendor including the name, principal activities,
identity of its directors and major shareholders and their respective
shareholdings (where applicable);
The basis in arriving at the purchase consideration other than willing-buyer
willing-seller basis;
Whether any valuation was carried out on the Property. If so, to state the name
of the independent registered valuer, date and method of valuation and
quantification of the market value, and make available the Valuation Report for
inspection;
The net book value of the Property based on the latest audited financial
statements;
The approximate age and area of the double storey office building and single
storey warehouse, and the amount of lettable space for letting and occupancy
respectively;
The existing use of the property;
The estimated timeframe (number of years) for the Property to be rented out
initially;
The basis to arrive at the expected monthly rental rate for the Property of
RM40,000;
In view that the remaining lease period of the Property is approximately 56
years, to state the reasons for the Property to be amortized over a period of
50 years only;
The effects of the acquisition on the Company's net assets per share, gearing,
share capital and substantial shareholders' shareholdings;
The particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Company arising from the acquisition;
The risks in relation to the acquisition including risk factors of the Property
to be acquired;
The highest percentage ratio applicable to the acquisition pursuant to
Paragraph 10.02(g) of the Main Market Listing Requirements;
Further elaboration on the reason that the terms of the transaction were agreed
upon on 5 April 2011 whereas the Sale & Purchase Agreement ("SPA") was entered
into only on 13 April 2011;
Whether the acquisition is subject to the approval of any government
authorities. If yes, to state the name of the authorities and the estimated
timeframe for submission of application to the relevant authorities; and
Whether the Company's major shareholders and/or persons connected to the
directors or major shareholders have any interest in the acquisition.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
KIALIM - null
Announcement Type: General Announcement
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description: The Board of Directors of Kia Lim Berhad (hereinafter referred to as "KLB" or the "Company") wishes to announce that the Company intends to seek shareholders' approval for proposed renewal of the existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("the Proposal").
In compliance with Paragraph 10.09 of the Main Market Listing Requirements for the Bursa Malaysia Securities Berhad, KLB will seek its shareholders' approval on the Proposal at the forthcoming Annual General Meeting of the Company, which is scheduled to be held on 30 May 2011.
A circular to shareholders containing information on the Proposal will be despatched to the shareholders of KLB in due course.
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description: The Board of Directors of Kia Lim Berhad (hereinafter referred to as "KLB" or the "Company") wishes to announce that the Company intends to seek shareholders' approval for proposed renewal of the existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature ("the Proposal").
In compliance with Paragraph 10.09 of the Main Market Listing Requirements for the Bursa Malaysia Securities Berhad, KLB will seek its shareholders' approval on the Proposal at the forthcoming Annual General Meeting of the Company, which is scheduled to be held on 30 May 2011.
A circular to shareholders containing information on the Proposal will be despatched to the shareholders of KLB in due course.
ANNJOO - null
Announcement Type: General Announcement
Company Name: ANN JOO RESOURCES BERHAD
Stock Name: ANNJOO
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: ANN JOO RESOURCES BERHAD ("AJR" or the "Company")
Company Name: ANN JOO RESOURCES BERHAD
Stock Name: ANNJOO
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: ANN JOO RESOURCES BERHAD ("AJR" or the "Company")
GTRONIC - null
Announcement Type: General Announcement
Company Name: GLOBETRONICS TECHNOLOGY BERHAD
Stock Name: GTRONIC
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Notification of dealings by Directors in the securities of Globetronics Technology Bhd ("GTB" or "the Company") during closed period.
Company Name: GLOBETRONICS TECHNOLOGY BERHAD
Stock Name: GTRONIC
Date Announced: 18/04/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Notification of dealings by Directors in the securities of Globetronics Technology Bhd ("GTB" or "the Company") during closed period.
LATEXX - null
Announcement Type: Listing Circular
Company Name: LATEXX PARTNERS BERHAD
Stock Name: LATEXX
Date Announced: 18/04/2011
Announcement Detail:
Subject: LATEXX- EXERCISE OF 3,000 WARRANTS ("EXERCISE")
Contents: Kindly be informed that the abovementioned Company's additional 3,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 20 April 2011.
Company Name: LATEXX PARTNERS BERHAD
Stock Name: LATEXX
Date Announced: 18/04/2011
Announcement Detail:
Subject: LATEXX- EXERCISE OF 3,000 WARRANTS ("EXERCISE")
Contents: Kindly be informed that the abovementioned Company's additional 3,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 20 April 2011.
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