DVM - Change of Registrar
Announcement Type: Change of Registrar
Company Name: DVM TECHNOLOGY BERHAD (ACE Market)
Stock Name: DVM
Date Announced: 28/06/2011
Announcement Detail:
Old registrar: MIDF Consultancy and Corporate Services Sendirian Berhad
New registrar: Equiniti Services Sdn Bhd (Formerly known as MIDF Consultancy and Corporate Services Sendirian Berhad)
Address: Level 8 Menara MIDF
82 Jalan Raja Chulan
50200 Kuala Lumpur
Telephone No: 03-21660933
Facsimile No: 03-21660688
Effective date: 08/06/2011
Remarks: Change of telephone and facsimile numbers.
Company Name: DVM TECHNOLOGY BERHAD (ACE Market)
Stock Name: DVM
Date Announced: 28/06/2011
Announcement Detail:
Old registrar: MIDF Consultancy and Corporate Services Sendirian Berhad
New registrar: Equiniti Services Sdn Bhd (Formerly known as MIDF Consultancy and Corporate Services Sendirian Berhad)
Address: Level 8 Menara MIDF
82 Jalan Raja Chulan
50200 Kuala Lumpur
Telephone No: 03-21660933
Facsimile No: 03-21660688
Effective date: 08/06/2011
Remarks: Change of telephone and facsimile numbers.
MTRONIC - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: CHOW KEE KAN @ CHOW TUCK KWAN
Age: 58
Nationality: Malaysian
Qualifications: (a) Fellow Member of Chartered Association of Certified Accountants, UK.
(b) Fellow Member of Chartered Tax Institute of Malaysia.
(c) Chartered Accountants of Malaysian Institute of Accountants.
(d) Associate Member of the Institute of Internal Auditors.
(e) Registered Financial Planner
Working experience and occupation: Mr Chow Kee Kan (KK Chow), an approved auditors and chartered accountant started his own practice in 1984 after ten years working experience. He has as at to date more than 35 years practical experience in accounting, auditing, taxation and corporate management consultancy.
KK Chow is a popular lecturer (since 1980) in courses (English and Mandarin) conducted by colleges, universities and training institutions. He is a MII Certified Trainer. He is also a trainer for the MAP Training Programme.
At present, he is a council member of Chartered Tax Institute of Malaysia (CTIM) (since 1991) and a Trustee of the Malaysian Accountancy Research and Education Foundation (MAREF).
He is also an Independent Director of three public companies listed on the Main Market of Bursa Malaysia Securities Berhad.
Directorship of public companies (if any): i) Merge Housing Berhad
ii) Cocoaland Holdings Berhad
iii) Hai-O Enterprise Berhad
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): 1 Mohd Afrizan bin Husain (Chairman, Independent and Non-Executive)
2 Datuk Subhi bin Hj Dziyauddin (Member, Independent and Non-Executive)
3 Mohd Kamal bin Omar (Member, Independent and Non-Executive)
4 Chow Kee Kan @ Chow Tuck Kwan (Member, Independent and Non-Executive)
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: CHOW KEE KAN @ CHOW TUCK KWAN
Age: 58
Nationality: Malaysian
Qualifications: (a) Fellow Member of Chartered Association of Certified Accountants, UK.
(b) Fellow Member of Chartered Tax Institute of Malaysia.
(c) Chartered Accountants of Malaysian Institute of Accountants.
(d) Associate Member of the Institute of Internal Auditors.
(e) Registered Financial Planner
Working experience and occupation: Mr Chow Kee Kan (KK Chow), an approved auditors and chartered accountant started his own practice in 1984 after ten years working experience. He has as at to date more than 35 years practical experience in accounting, auditing, taxation and corporate management consultancy.
KK Chow is a popular lecturer (since 1980) in courses (English and Mandarin) conducted by colleges, universities and training institutions. He is a MII Certified Trainer. He is also a trainer for the MAP Training Programme.
At present, he is a council member of Chartered Tax Institute of Malaysia (CTIM) (since 1991) and a Trustee of the Malaysian Accountancy Research and Education Foundation (MAREF).
He is also an Independent Director of three public companies listed on the Main Market of Bursa Malaysia Securities Berhad.
Directorship of public companies (if any): i) Merge Housing Berhad
ii) Cocoaland Holdings Berhad
iii) Hai-O Enterprise Berhad
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): 1 Mohd Afrizan bin Husain (Chairman, Independent and Non-Executive)
2 Datuk Subhi bin Hj Dziyauddin (Member, Independent and Non-Executive)
3 Mohd Kamal bin Omar (Member, Independent and Non-Executive)
4 Chow Kee Kan @ Chow Tuck Kwan (Member, Independent and Non-Executive)
MTRONIC - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Mohd Afrizan Bin Husain
Age: 43
Nationality: Malaysian
Qualifications: (a) Fellowship Member of the Chartered Association of Certified Accountants (ACCA)
(b) Member of Malaysian Institute of Accountants (MIA)
(c) Member of Malaysian Institute of Certified Public Accountants (MICPA)
(d) Fellow Member of Malaysian Institute of Taxation (MIT)
(e) Member of Certified Practising Accountant of Australia (CPA Australia)
(f) Member of ISACA and Certified Information Systems Auditor
(g) Member of Certified Public Accountants (M)
Working experience and occupation: Mohd Afrizan Bin Husain has over 21 years of experience in providing audit and business advisory services to a wide range of Malaysian and multinational clients.
Mohd Afrizan Bin Husain has wide range of experience in handling the audits of various organizations which includes those in the telecommunication, manufacturing, services and construction industries in Malaysia.
He started his professional career in 1990 with Coopers & Lybrand. His last position held was a manager of the Business Assurance Service with PricewaterhouseCoopers
Currently, he is a partner of Afrizan Tarmili Khairul Azhar (AFTAAS), a public accounting firm.
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: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Mohd Afrizan Bin Husain
Age: 43
Nationality: Malaysian
Qualifications: (a) Fellowship Member of the Chartered Association of Certified Accountants (ACCA)
(b) Member of Malaysian Institute of Accountants (MIA)
(c) Member of Malaysian Institute of Certified Public Accountants (MICPA)
(d) Fellow Member of Malaysian Institute of Taxation (MIT)
(e) Member of Certified Practising Accountant of Australia (CPA Australia)
(f) Member of ISACA and Certified Information Systems Auditor
(g) Member of Certified Public Accountants (M)
Working experience and occupation: Mohd Afrizan Bin Husain has over 21 years of experience in providing audit and business advisory services to a wide range of Malaysian and multinational clients.
Mohd Afrizan Bin Husain has wide range of experience in handling the audits of various organizations which includes those in the telecommunication, manufacturing, services and construction industries in Malaysia.
He started his professional career in 1990 with Coopers & Lybrand. His last position held was a manager of the Business Assurance Service with PricewaterhouseCoopers
Currently, he is a partner of Afrizan Tarmili Khairul Azhar (AFTAAS), a public accounting firm.
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
MTRONIC - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Mohd Afrizan Bin Husain
Age: 43
Nationality: Malaysian
Qualifications: (a) Fellowship Member of the Chartered Association of Certified Accountants (ACCA)
(b) Member of Malaysian Institute of Accountants (MIA)
(c) Member of Malaysian Institute of Certified Public Accountants (MICPA)
(d) Fellow Member of Malaysian Institute of Taxation (MIT)
(e) Member of Certified Practising Accountant of Australia (CPA Australia)
(f) Member of ISACA and Certified Information Systems Auditor
(g) Member of Certified Public Accountants (M)
Working experience and occupation: Mohd Afrizan Bin Husain has over 21 years of experience in providing audit and business advisory services to a wide range of Malaysian and multinational clients.
Mohd Afrizan Bin Husain has wide range of experience in handling the audits of various organizations which includes those in the telecommunication, manufacturing, services and construction industries in Malaysia.
Currently, he is a partner of Afrizan Tarmili Khairul Azhar (AFTAAS), a public accounting Firm. Prior to this, he was with PricewaterhouseCoopers from 1990-1999. His last position held was manager of the Business Assurance Service.
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): 1 Mohd Afrizan Bin Husain (Chairman, Independent Non-Executive)
2 Datuk Subhi Bin Dziyauddin (Member, Independent Non-Executive)
3 Mohd Kamal Bin Omar (Member, Independent Non-Executive)
4 Chow Kee Kan @ Chow Tuck Kwan (Member, Independent Non-Executive)
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Mohd Afrizan Bin Husain
Age: 43
Nationality: Malaysian
Qualifications: (a) Fellowship Member of the Chartered Association of Certified Accountants (ACCA)
(b) Member of Malaysian Institute of Accountants (MIA)
(c) Member of Malaysian Institute of Certified Public Accountants (MICPA)
(d) Fellow Member of Malaysian Institute of Taxation (MIT)
(e) Member of Certified Practising Accountant of Australia (CPA Australia)
(f) Member of ISACA and Certified Information Systems Auditor
(g) Member of Certified Public Accountants (M)
Working experience and occupation: Mohd Afrizan Bin Husain has over 21 years of experience in providing audit and business advisory services to a wide range of Malaysian and multinational clients.
Mohd Afrizan Bin Husain has wide range of experience in handling the audits of various organizations which includes those in the telecommunication, manufacturing, services and construction industries in Malaysia.
Currently, he is a partner of Afrizan Tarmili Khairul Azhar (AFTAAS), a public accounting Firm. Prior to this, he was with PricewaterhouseCoopers from 1990-1999. His last position held was manager of the Business Assurance Service.
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): 1 Mohd Afrizan Bin Husain (Chairman, Independent Non-Executive)
2 Datuk Subhi Bin Dziyauddin (Member, Independent Non-Executive)
3 Mohd Kamal Bin Omar (Member, Independent Non-Executive)
4 Chow Kee Kan @ Chow Tuck Kwan (Member, Independent Non-Executive)
MTRONIC - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Retirement
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Lim Tzeh Foong
Age: 40
Nationality: Malaysian
Qualifications: 1. Malaysian Institute of Accountants - Chartered Accountant;
2. Association of Chartered Certified Accountants (UK) - Fellow member; and
3. Malaysia Institute of Taxation - Associate member.
Working experience and occupation: Joined Ernst & Young in December 1993 as audit assistant and left as audit manager in January 2003. Seconded to Ernst & Young Canada office for 18 months under secondment program from September 1998 to March 2000.
Audit experiences include those of manufacturing, construction, services, trading and plantation. Clients include both local private and public companies and subsidiaries of multinational companies. Other experiences include financial due diligence review, review of profit and cash flow.
Currently practising as government approved company auditor under the Companies Act, 1965.
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): 1 Datuk Subhi bin Hj Dzijauddin (Member, Independent and Non-Executive)
2 Mohd Kamal bin Omar (Member, Independent and Non-Executive)
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Retirement
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Lim Tzeh Foong
Age: 40
Nationality: Malaysian
Qualifications: 1. Malaysian Institute of Accountants - Chartered Accountant;
2. Association of Chartered Certified Accountants (UK) - Fellow member; and
3. Malaysia Institute of Taxation - Associate member.
Working experience and occupation: Joined Ernst & Young in December 1993 as audit assistant and left as audit manager in January 2003. Seconded to Ernst & Young Canada office for 18 months under secondment program from September 1998 to March 2000.
Audit experiences include those of manufacturing, construction, services, trading and plantation. Clients include both local private and public companies and subsidiaries of multinational companies. Other experiences include financial due diligence review, review of profit and cash flow.
Currently practising as government approved company auditor under the Companies Act, 1965.
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): 1 Datuk Subhi bin Hj Dzijauddin (Member, Independent and Non-Executive)
2 Mohd Kamal bin Omar (Member, Independent and Non-Executive)
MTRONIC - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Retirement
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Lim Tzeh Foong
Age: 40
Nationality: Malaysian
Qualifications: 1. Malaysian Institute of Accountants - Chartered Accountant;
2. Association of Chartered Certified Accountants (UK) - Fellow member; and
3. Malaysia Institute of Taxation - Associate member.
Working experience and occupation: Joined Ernst & Young in December 1993 as audit assistant and left as audit manager in January 2003. Seconded to Ernst & Young Canada office for 18 months under secondment program from September 1998 to March 2000.
Audit experiences include those of manufacturing, construction, services, trading and plantation. Clients include both local private and public companies and subsidiaries of multinational companies. Other experiences include financial due diligence review, review of profit and cash flow.
Currently practising as government approved company auditor under the Companies Act, 1965.
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: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Date of change: 28/06/2011
Type of change: Retirement
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Lim Tzeh Foong
Age: 40
Nationality: Malaysian
Qualifications: 1. Malaysian Institute of Accountants - Chartered Accountant;
2. Association of Chartered Certified Accountants (UK) - Fellow member; and
3. Malaysia Institute of Taxation - Associate member.
Working experience and occupation: Joined Ernst & Young in December 1993 as audit assistant and left as audit manager in January 2003. Seconded to Ernst & Young Canada office for 18 months under secondment program from September 1998 to March 2000.
Audit experiences include those of manufacturing, construction, services, trading and plantation. Clients include both local private and public companies and subsidiaries of multinational companies. Other experiences include financial due diligence review, review of profit and cash flow.
Currently practising as government approved company auditor under the Companies Act, 1965.
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
MTRONIC - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Announcement
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: The Board of Directors of Metronic Global Berhad ("Company") wishes to announce that the shareholders of the Company had, at the Eighth Annual General Meeting ("AGM") held on Tuesday, 28 June 2011, approved all the resolutions as set out in the notice of AGM dated 6 June 2011 except the following:-
1) Mr Lim Tzeh Foong retired as director and did not seek for re-election.
2) Messrs LLTC was appointed as the auditors of the Company in place of Messrs Ernst & Young who did not seek for reappointment.
This announcement is dated 28 June 2011.
Company Name: METRONIC GLOBAL BERHAD
Stock Name: MTRONIC
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: The Board of Directors of Metronic Global Berhad ("Company") wishes to announce that the shareholders of the Company had, at the Eighth Annual General Meeting ("AGM") held on Tuesday, 28 June 2011, approved all the resolutions as set out in the notice of AGM dated 6 June 2011 except the following:-
1) Mr Lim Tzeh Foong retired as director and did not seek for re-election.
2) Messrs LLTC was appointed as the auditors of the Company in place of Messrs Ernst & Young who did not seek for reappointment.
This announcement is dated 28 June 2011.
SERSOL - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Announcement
Company Name: SERSOL TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SERSOL
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: SerSol Technologies Berhad ("SerSol" or the "Company")
Eighth (8th) Annual General Meeting of SerSol ("8th AGM") and Extraordinary General Meeting ("EGM") held on 28 June 2011
Company Name: SERSOL TECHNOLOGIES BERHAD (ACE Market)
Stock Name: SERSOL
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: SerSol Technologies Berhad ("SerSol" or the "Company")
Eighth (8th) Annual General Meeting of SerSol ("8th AGM") and Extraordinary General Meeting ("EGM") held on 28 June 2011
MLAB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: MLABS SYSTEMS BERHAD (ACE Market)
Stock Name: MLAB
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Proposed disposal of all that parcel of office distinguished as Lot No. D/10/10A and D/10/011 in Bandar Petaling Jaya, District of Petaling, State of Selangor by Multimedia Research Lab Sdn. Bhd., a wholly-owned subsidiary of the Company to Spade Advertising Sdn. Bhd. ("Proposed Disposal")
Attachments: Appendix I.pdf
Company Name: MLABS SYSTEMS BERHAD (ACE Market)
Stock Name: MLAB
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: Proposed disposal of all that parcel of office distinguished as Lot No. D/10/10A and D/10/011 in Bandar Petaling Jaya, District of Petaling, State of Selangor by Multimedia Research Lab Sdn. Bhd., a wholly-owned subsidiary of the Company to Spade Advertising Sdn. Bhd. ("Proposed Disposal")
Attachments: Appendix I.pdf
CARLAW - PRACTICE NOTE 17 / GUIDANCE NOTE 3: REGULARISATION PLAN
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: HDM-CARLAW CORPORATION BERHAD ("HDM" OR "COMPANY")
REQUISITE ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 3 IN RELATION TO THE FOLLOWING:-
• PROPOSED ACQUISITIONS;
• PROPOSED SHARE EXCHANGE;
• PROPOSED SCHEME OF ARRANGEMENT WITH CREDITORS;
• PROPOSED ISSUANCE OF SHARES
• PROPOSED OFFER FOR SALE;
• PROPOSED TRANSFER OF LISTING STATUS; AND
• PROPOSED DISPOSAL OF HDM
(COLLECTIVELY, THE "PROPOSED RESTRUCTURING SCHEME")
Reference is made to the Company's announcement dated 15 March 2011, wherein it was announced that HDM had entered into a Heads of Agreement with Teoh Tor Teik for the proposed acquisition of the entire equity interest in Flexoprint (M) Sdn Bhd ("FMSB") and Flexoprint (Thailand) Co, Ltd ("FTCL") in conjunction with the proposed restructuring scheme of the Company ("Proposed Restructuring Scheme").
On behalf of HDM, M&A Securities Sdn Bhd is pleased to announce that HDM had on 28 June 2011 entered into a conditional restructuring agreement with Teoh Tor Teik, Teh Poo Seng, Teoh Thor Seng, Tew Chin Hui, Chee Kam Seng, Low Poh Gee and Concepts ATC Sdn Bhd as well as Kingpac Bhd ("Kingpac"), the special purpose company incorporated to facilitate the Proposed Restructuring Scheme wherein the parties have agreed in principle to undertake a restructuring scheme with the intention of restoring HDM onto stronger financial footing via an injection of new viable business through Kingpac.
Kindly refer to the attachment for further details.
This announcement is dated 28 June 2011.
Attachments: Annoucement - Requisite final-HDM.pdf
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 28/06/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: HDM-CARLAW CORPORATION BERHAD ("HDM" OR "COMPANY")
REQUISITE ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 3 IN RELATION TO THE FOLLOWING:-
• PROPOSED ACQUISITIONS;
• PROPOSED SHARE EXCHANGE;
• PROPOSED SCHEME OF ARRANGEMENT WITH CREDITORS;
• PROPOSED ISSUANCE OF SHARES
• PROPOSED OFFER FOR SALE;
• PROPOSED TRANSFER OF LISTING STATUS; AND
• PROPOSED DISPOSAL OF HDM
(COLLECTIVELY, THE "PROPOSED RESTRUCTURING SCHEME")
Reference is made to the Company's announcement dated 15 March 2011, wherein it was announced that HDM had entered into a Heads of Agreement with Teoh Tor Teik for the proposed acquisition of the entire equity interest in Flexoprint (M) Sdn Bhd ("FMSB") and Flexoprint (Thailand) Co, Ltd ("FTCL") in conjunction with the proposed restructuring scheme of the Company ("Proposed Restructuring Scheme").
On behalf of HDM, M&A Securities Sdn Bhd is pleased to announce that HDM had on 28 June 2011 entered into a conditional restructuring agreement with Teoh Tor Teik, Teh Poo Seng, Teoh Thor Seng, Tew Chin Hui, Chee Kam Seng, Low Poh Gee and Concepts ATC Sdn Bhd as well as Kingpac Bhd ("Kingpac"), the special purpose company incorporated to facilitate the Proposed Restructuring Scheme wherein the parties have agreed in principle to undertake a restructuring scheme with the intention of restoring HDM onto stronger financial footing via an injection of new viable business through Kingpac.
Kindly refer to the attachment for further details.
This announcement is dated 28 June 2011.
Attachments: Annoucement - Requisite final-HDM.pdf
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