KIALIM - Quarterly rpt on consolidated results for the financial period ended 31/3/2011
Announcement Type: Financial Results
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
KIALIM - OTHERS
Announcement Type: General Announcement
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Outstanding Related Party Receivables
Attachments: Copy of Outstanding RPRT 03-11.xls
Company Name: KIA LIM BERHAD
Stock Name: KIALIM
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: Outstanding Related Party Receivables
Attachments: Copy of Outstanding RPRT 03-11.xls
KENANGA - Quarterly rpt on consolidated results for the financial period ended 31/3/2011
Announcement Type: Financial Results
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
HDBS - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: HWANG-DBS (MALAYSIA) BERHAD
Stock Name: HDBS
Date Announced: 30/05/2011
Announcement Detail:
Date of change: 30/05/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Hwang Lip Teik
Age: 53
Nationality: Malaysian
Qualifications: -
Working experience and occupation: Mr. Hwang joined Hwang-DBS Securities Berhad (now known as HwangDBS Investment Bank Berhad) ("HDBSIB") in 1983 as Senior Manager (Trading) in charge of the trading activities of HDBSIB and was appointed as an executive director in January 1996 and served as Managing Director of HDBSIB from December 2005 to January 2011. As Managing Director, he was responsible for the overall operations and strategic activities of HDBSIB. He was redesignated as Non-Executive Director of HDBSIB in January 2011. Mr. Hwang has also been a director of the Company since December 1992. He is also a director of a few other companies in the Hwang-DBS Group.
Directorship of public companies (if any): 1) HwangDBS Investment Bank Berhad
2) HwangDBS Investment Management Berhad
3) HwangDBS Commercial Bank Plc
Family relationship with any director and/or major shareholder of the listed issuer: Mr. Hwang is the son of Dato' Seri Hwang Sing Lue, the Non Executive Chairman and a deemed major shareholder of the Company. He is also the brother of Mr. Hwang Lip Koon, a deemed major shareholder of the Company.
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: Mr. Hwang has direct and indirect interest in 68,107,000 (26.69%) ordinary shares in the Company
Composition of Audit Committee (Name and Directorate of members after change): 1. Ong Eng Kooi (Independent Chairman)
2. Y.A.M. Tengku Syed Badarudin Jamalullail (Independent Director)
3. Dato' Seri Hwang Sing Lue (Non-Independent Non-Executive Director)
4. Mohamed Tarmizi Bin Ismail (Independent Director)
5. Mr. Hwang Lip Teik (Non-Independent Non-Executive Director)
Company Name: HWANG-DBS (MALAYSIA) BERHAD
Stock Name: HDBS
Date Announced: 30/05/2011
Announcement Detail:
Date of change: 30/05/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Hwang Lip Teik
Age: 53
Nationality: Malaysian
Qualifications: -
Working experience and occupation: Mr. Hwang joined Hwang-DBS Securities Berhad (now known as HwangDBS Investment Bank Berhad) ("HDBSIB") in 1983 as Senior Manager (Trading) in charge of the trading activities of HDBSIB and was appointed as an executive director in January 1996 and served as Managing Director of HDBSIB from December 2005 to January 2011. As Managing Director, he was responsible for the overall operations and strategic activities of HDBSIB. He was redesignated as Non-Executive Director of HDBSIB in January 2011. Mr. Hwang has also been a director of the Company since December 1992. He is also a director of a few other companies in the Hwang-DBS Group.
Directorship of public companies (if any): 1) HwangDBS Investment Bank Berhad
2) HwangDBS Investment Management Berhad
3) HwangDBS Commercial Bank Plc
Family relationship with any director and/or major shareholder of the listed issuer: Mr. Hwang is the son of Dato' Seri Hwang Sing Lue, the Non Executive Chairman and a deemed major shareholder of the Company. He is also the brother of Mr. Hwang Lip Koon, a deemed major shareholder of the Company.
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: Mr. Hwang has direct and indirect interest in 68,107,000 (26.69%) ordinary shares in the Company
Composition of Audit Committee (Name and Directorate of members after change): 1. Ong Eng Kooi (Independent Chairman)
2. Y.A.M. Tengku Syed Badarudin Jamalullail (Independent Director)
3. Dato' Seri Hwang Sing Lue (Non-Independent Non-Executive Director)
4. Mohamed Tarmizi Bin Ismail (Independent Director)
5. Mr. Hwang Lip Teik (Non-Independent Non-Executive Director)
PASDEC - Quarterly rpt on consolidated results for the financial period ended 31/3/2011
Announcement Type: Financial Results
Company Name: PASDEC HOLDINGS BERHAD
Stock Name: PASDEC
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: PASDEC HOLDINGS BERHAD
Stock Name: PASDEC
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 1
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
HUBLINE - Quarterly rpt on consolidated results for the financial period ended 31/3/2011
Announcement Type: Financial Results
Company Name: HUBLINE BERHAD
Stock Name: HUBLINE
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 30/09/2011
Quarter: 2
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: HUBLINE BERHAD
Stock Name: HUBLINE
Date Announced: 30/05/2011
Announcement Detail:
Financial Year End: 30/09/2011
Quarter: 2
Quarterly report for the financial period ended: 31/03/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
FAJAR - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: FAJARBARU BUILDER GROUP BHD
Stock Name: FAJAR
Date Announced: 30/05/2011
Announcement Detail:
Date of buy back: 30/05/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 400,000
Minimum price paid for each share purchased ($$): 1.100
Maximum price paid for each share purchased ($$): 1.110
Total consideration paid ($$): 443,216.60
Number of shares purchased retained in treasury (units): 400,000
Cumulative net outstanding treasury shares as at to-date (units): 3,725,647
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.16
Company Name: FAJARBARU BUILDER GROUP BHD
Stock Name: FAJAR
Date Announced: 30/05/2011
Announcement Detail:
Date of buy back: 30/05/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 400,000
Minimum price paid for each share purchased ($$): 1.100
Maximum price paid for each share purchased ($$): 1.110
Total consideration paid ($$): 443,216.60
Number of shares purchased retained in treasury (units): 400,000
Cumulative net outstanding treasury shares as at to-date (units): 3,725,647
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.16
ATLAN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: ATLAN HOLDINGS BHD ("AHB" OR THE "COMPANY")
DISPOSAL OF SEVEN (7) PIECES OF LAND OWNED BY BLOSSOM TIME SDN BHD ("BTSB") AND RADIANT RANCH SDN BHD ("RRSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF AHB, MEASURING APPROXIMATELY 61.03 ACRES, TO UTARA MALAYA REALTY SDN BHD ("URSB"), FOR A TOTAL CASH CONSIDERATION OF RM145 MILLION ("DISPOSAL")
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: ATLAN HOLDINGS BHD ("AHB" OR THE "COMPANY")
DISPOSAL OF SEVEN (7) PIECES OF LAND OWNED BY BLOSSOM TIME SDN BHD ("BTSB") AND RADIANT RANCH SDN BHD ("RRSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF AHB, MEASURING APPROXIMATELY 61.03 ACRES, TO UTARA MALAYA REALTY SDN BHD ("URSB"), FOR A TOTAL CASH CONSIDERATION OF RM145 MILLION ("DISPOSAL")
SEACERA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: SEACERA TILES BERHAD
Stock Name: SEACERA
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following director has transacted dealings in the securities of Seacera Tiles Berhad as set out in table below.
Company Name: SEACERA TILES BERHAD
Stock Name: SEACERA
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following director has transacted dealings in the securities of Seacera Tiles Berhad as set out in table below.
ANALABS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: ANALABS RESOURCES BERHAD
Stock Name: ANALABS
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Disposal of Property by Inagro Sdn Bhd ("Inagro" or "the Vendor"), a wholly-owned subsidiary of Analabs Resources Berhad ("Analabs" or "the Company") for a cash consideration of RM7.5 million ("Disposal of Property")
1. INTRODUCTION
The Board of Directors of Analabs wishes to announce that Inagro, a wholly-owned subsidiary of the Company has on 30th May 2011 entered into a Sale and Purchase Agreement ("S&P") with Lighting Editions Sdn. Bhd. (Company No. 895792-D) ("the Purchaser") to dispose of the parcel of property held under Pajakan Negeri 5337 for Lot No 606 Section 16 Bandar and Mukim Shah Alam, Daerah Petaling, Negeri Selangor Darul Ehsan ("the Property") having its postal address at Lot No 4 & 6, Jalan Pahat Section 16, 40200 Shah Alam, Selangor for a total consideration of RM7.5 million.
2. DESCRIPTION OF THE PROPERTY
The Property is approximately 12708 sq. metres in area with a 1 stoery factory erected thereon. The Property is held under a leasehold title expiring on 20th August 2066. It has been used as a warehouse by the group.
The Property is free from encumbrances.
The net book value of the Property based on the latest audited accounts for the financial year ended 30 April 2010 is RM6,144,032.00.
3. INFORMATION OF THE PURCHASER
Lighting Editions Sdn. Bhd. was incorporated on 29th March 2010 as a company limited by shares incorporated in Malaysia under the Companies Act, 1965 ("the Act") with its registered office at Suite #8-13-6, Mutiara Bangsar, 8, Jalan Liku, 59100 Kuala Lumpur.
The Purchaser's principal activity is "To carry on the business of lighting specialists".
The Purchaser has an authorized share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each, of which 100 shares have been issued and credited as fully paid-up.
4. INFORMATION OF THE VENDOR
Inagro is a company limited by shares incorporated in Malaysia under the Act with its registered office at Unit 621, 6th Floor, Block A, Kelana Centre Point, No. 3 Jalan SS7/19, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan.
Inagro's principal activity is formulation and repackaging of agriculture chemical products and the provision of storage handling services for these products.
Inagro has an authorized share capital of RM5,000,000 divided into 5,000,000 ordinary shares of RM1.00 each, of which 1,000,000 ordinary shares have been issued and credited as fully paid-up.
5. BASIS AND JUSTIFICATION OF ARRIVING AT THE PURCHASE PRICE
The Purchase Price was arrived at based on a willing buyer, willing seller basis after taking into consideration the market value of similar properties in the vicinity.
The Purchase Price of RM7.5 million shall be paid by the Purchaser in the manner set out below:-
(i) the sum of Ringgit Malaysia One Hundred and Fifty Thousand (RM150,000.00) only paid to the Vendor as earnest deposit prior to the date of this Agreement; and
(ii) a sum of Ringgit Malaysia Six Hundred Thousand (RM600,000.00) only paid by the Purchaser to the Vendor as balance deposit on the date of this Agreement; and
(iii) the balance of the Purchase Price amounting to Ringgit Malaysia Six Million Seven Hundred and Fifty Thousand (RM6,750,000.00) only shall be paid within three (3) months from the date of this Agreement with an extension of one (1) month subject to interest of 8% p.a. payable on the unpaid balance.
6. SALIENT TERMS OF THE SPA
The salient terms and conditions of the SPA in relation to the Disposal of Property include, amongst others, the following:-
Vacant possession of the Property shall be surrendered to the purchaser upon payment of the purchase price to the Vendor's solicitors.
7. ORIGINAL COST OF INVESTMENT
The original cost of investment by Inagro was RM7.0 million on 24th May 2004.
8. EXPECTED GAIN/LOSS ARISING FROM THE DISPOSAL OF PROPERTY
The Disposal of Property is expected to generate an approximate net gain of RM500,000 to Inagro .
9. PROPOSED UTILISATION OF PROCEEDS
The proceeds from the Disposal of Property would be utilized for future working capital of the Analabs Group.
10. LIABILITIES TO BE ASSUMED BY THE PURCHASER
The Property is sold free of encumbrances and no liabilities will be assumed by the Purchaser.
11. RATIONALE
Analabs currently does not have any plans for the utilization of the Property.
12. EFFECTS OF THE DISPOSAL OF PROPERTY
12.1 Earnings Per Share and Net Assets Per Share
The Disposal of Property has no substantial effect on the earnings per share and net assets per share of Analabs Group for the financial year ending 30 April 2012.
12.2 Gearing
There is no material impact on the gearing arising from the Disposal of Property for the financial year ending 30 April 2012.
12.3 Share Capital and Substantial Shareholders' Shareholdings
The Disposal of Property will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of the Company.
13. HIGHEST PERCENTAGE RATIO APPLICABLE
The highest percentage ratio applicable for the Disposal of Property is 5.8%.
14. INTEREST OF DIRECTORS AND/OR MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
None of the Directors and/or Major Shareholders of Analabs and/or persons connected with them have any interest, direct or indirect, in the Disposal of Property.
15. APPROVALS REQUIRED
The Disposal of Property is not subject to the approval of the Company's shareholders or any regulatory authority.
16. ESTIMATED TIME FRAME FOR THE COMPLETION OF THE PROPOSED DISPOSAL
Barring any unforeseen circumstances, the Disposal of Property is expected to be completed within a period of 4 months from the date of SPA.
17. STATEMENT BY DIRECTORS
The Board of Directors of Analabs having considered all aspects of the Disposal of Property, is of the opinion that the Disposal of Property is in the best interest of the Group.
18. DOCUMENTS FOR INSPECTION
The SPA is available for inspection at the Registered Office of Analabs at Unit 621, 6th Floor, Block A, Kelana Centre Point, No 3 Jalan SS7/19, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 30th May 2011.
Company Name: ANALABS RESOURCES BERHAD
Stock Name: ANALABS
Date Announced: 30/05/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Disposal of Property by Inagro Sdn Bhd ("Inagro" or "the Vendor"), a wholly-owned subsidiary of Analabs Resources Berhad ("Analabs" or "the Company") for a cash consideration of RM7.5 million ("Disposal of Property")
1. INTRODUCTION
The Board of Directors of Analabs wishes to announce that Inagro, a wholly-owned subsidiary of the Company has on 30th May 2011 entered into a Sale and Purchase Agreement ("S&P") with Lighting Editions Sdn. Bhd. (Company No. 895792-D) ("the Purchaser") to dispose of the parcel of property held under Pajakan Negeri 5337 for Lot No 606 Section 16 Bandar and Mukim Shah Alam, Daerah Petaling, Negeri Selangor Darul Ehsan ("the Property") having its postal address at Lot No 4 & 6, Jalan Pahat Section 16, 40200 Shah Alam, Selangor for a total consideration of RM7.5 million.
2. DESCRIPTION OF THE PROPERTY
The Property is approximately 12708 sq. metres in area with a 1 stoery factory erected thereon. The Property is held under a leasehold title expiring on 20th August 2066. It has been used as a warehouse by the group.
The Property is free from encumbrances.
The net book value of the Property based on the latest audited accounts for the financial year ended 30 April 2010 is RM6,144,032.00.
3. INFORMATION OF THE PURCHASER
Lighting Editions Sdn. Bhd. was incorporated on 29th March 2010 as a company limited by shares incorporated in Malaysia under the Companies Act, 1965 ("the Act") with its registered office at Suite #8-13-6, Mutiara Bangsar, 8, Jalan Liku, 59100 Kuala Lumpur.
The Purchaser's principal activity is "To carry on the business of lighting specialists".
The Purchaser has an authorized share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each, of which 100 shares have been issued and credited as fully paid-up.
4. INFORMATION OF THE VENDOR
Inagro is a company limited by shares incorporated in Malaysia under the Act with its registered office at Unit 621, 6th Floor, Block A, Kelana Centre Point, No. 3 Jalan SS7/19, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan.
Inagro's principal activity is formulation and repackaging of agriculture chemical products and the provision of storage handling services for these products.
Inagro has an authorized share capital of RM5,000,000 divided into 5,000,000 ordinary shares of RM1.00 each, of which 1,000,000 ordinary shares have been issued and credited as fully paid-up.
5. BASIS AND JUSTIFICATION OF ARRIVING AT THE PURCHASE PRICE
The Purchase Price was arrived at based on a willing buyer, willing seller basis after taking into consideration the market value of similar properties in the vicinity.
The Purchase Price of RM7.5 million shall be paid by the Purchaser in the manner set out below:-
(i) the sum of Ringgit Malaysia One Hundred and Fifty Thousand (RM150,000.00) only paid to the Vendor as earnest deposit prior to the date of this Agreement; and
(ii) a sum of Ringgit Malaysia Six Hundred Thousand (RM600,000.00) only paid by the Purchaser to the Vendor as balance deposit on the date of this Agreement; and
(iii) the balance of the Purchase Price amounting to Ringgit Malaysia Six Million Seven Hundred and Fifty Thousand (RM6,750,000.00) only shall be paid within three (3) months from the date of this Agreement with an extension of one (1) month subject to interest of 8% p.a. payable on the unpaid balance.
6. SALIENT TERMS OF THE SPA
The salient terms and conditions of the SPA in relation to the Disposal of Property include, amongst others, the following:-
Vacant possession of the Property shall be surrendered to the purchaser upon payment of the purchase price to the Vendor's solicitors.
7. ORIGINAL COST OF INVESTMENT
The original cost of investment by Inagro was RM7.0 million on 24th May 2004.
8. EXPECTED GAIN/LOSS ARISING FROM THE DISPOSAL OF PROPERTY
The Disposal of Property is expected to generate an approximate net gain of RM500,000 to Inagro .
9. PROPOSED UTILISATION OF PROCEEDS
The proceeds from the Disposal of Property would be utilized for future working capital of the Analabs Group.
10. LIABILITIES TO BE ASSUMED BY THE PURCHASER
The Property is sold free of encumbrances and no liabilities will be assumed by the Purchaser.
11. RATIONALE
Analabs currently does not have any plans for the utilization of the Property.
12. EFFECTS OF THE DISPOSAL OF PROPERTY
12.1 Earnings Per Share and Net Assets Per Share
The Disposal of Property has no substantial effect on the earnings per share and net assets per share of Analabs Group for the financial year ending 30 April 2012.
12.2 Gearing
There is no material impact on the gearing arising from the Disposal of Property for the financial year ending 30 April 2012.
12.3 Share Capital and Substantial Shareholders' Shareholdings
The Disposal of Property will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of the Company.
13. HIGHEST PERCENTAGE RATIO APPLICABLE
The highest percentage ratio applicable for the Disposal of Property is 5.8%.
14. INTEREST OF DIRECTORS AND/OR MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
None of the Directors and/or Major Shareholders of Analabs and/or persons connected with them have any interest, direct or indirect, in the Disposal of Property.
15. APPROVALS REQUIRED
The Disposal of Property is not subject to the approval of the Company's shareholders or any regulatory authority.
16. ESTIMATED TIME FRAME FOR THE COMPLETION OF THE PROPOSED DISPOSAL
Barring any unforeseen circumstances, the Disposal of Property is expected to be completed within a period of 4 months from the date of SPA.
17. STATEMENT BY DIRECTORS
The Board of Directors of Analabs having considered all aspects of the Disposal of Property, is of the opinion that the Disposal of Property is in the best interest of the Group.
18. DOCUMENTS FOR INSPECTION
The SPA is available for inspection at the Registered Office of Analabs at Unit 621, 6th Floor, Block A, Kelana Centre Point, No 3 Jalan SS7/19, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 30th May 2011.
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