July 1, 2011

Company announcements: BANENG, COASTAL, SAB, SUNREIT, TRIPLC, CHOOBEE, HLBANK

BANENG - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company Name: BANENG HOLDINGS BHD
Stock Name: BANENG
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT

Description: In compliance with Practice Note 17 ("PN 17") of the Main Market Listing Requirements and the Company's announcement made on 1 June 2011, the Board of Directors of Baneng wishes to inform that the Company had on 3 June 2011 entered into a revised conditional debt restructuring agreement with the Lenders to restructure and reschedule the repayment of the Borrowers' borrowings (including accrued interest) amounting to RM215,458,725 as at 31 December 2009, through the conversion and issuance of term loans and shares ("Proposed Debt Restructuring Scheme"), the details of the Proposed Debt Restructuring Scheme are set out in the announcement dated 3 June 2011.

The Company had also on 30 June 2011, announced that the Company proposes to undertake the Proposed Rights Issue on a full subscription basis ("Proposed Revised Rights Issue") with the undertakings given by its substantial shareholders to undertake to subscribe for their respective entitlements of the Rights Shares and Warrants, as well as for the remaining unsubscribed Rights Shares and Warrants pursuant to the Proposed Revised Right Issue, subject to the under-subscription of the Proposed Revised Rights Issue on the last day of the acceptance and payments of the Proposed Revised Rights Issue. As such, the Proposed Revised Rights Issue will not be undertaken on a minimum level of subscription basis. The details of the Proposed Revised Rights Issue are set out in the announcement dated 30 June 2011.

As announced by OSK Investment Bank Berhad today, the Company had submitted the its regularisation plan pursuant to PN 17 to Bursa Malaysia Securities Berhad and The Controller of Foreign Exchange, Bank Negara Malaysia for approval.

This announcement is dated 1 July 2011.


BANENG - PRACTICE NOTE 17 / GUIDANCE NOTE 3: REGULARISATION PLAN

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: BANENG HOLDINGS BHD
Stock Name: BANENG
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN

Description: BANENG HOLDINGS BHD ("BANENG" OR THE "COMPANY")

PROPOSED CAPITAL REDUCTION;
PROPOSED AMENDMENTS;
PROPOSED RIGHTS ISSUE;
PROPOSED DEBT RESTRUCTURING SCHEME; AND
PROPOSED PROVISION OF FINANCIAL ASSISTANCE

(COLLECTIVELY REFERRED TO AS THE "PROPOSED RESTRUCTURING SCHEME")


COASTAL - Entitlement - Others

Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: COASTAL CONTRACTS BHD
Stock Name: COASTAL
Date Announced: 01/07/2011

Announcement Detail:
EX-date: 14/07/2011

Entitlement date: 18/07/2011

Entitlement time: 05:00:00 PM

Entitlement subject: Others

Entitlement description: Issuance of free warrants in COASTAL ("Warrant(s)") on the basis of one (1) Warrant for every eight (8) ordinary shares of RM0.20 each after the bonus issue

Period of interest payment: to

Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no: Symphony Share Registrars Sdn. Bhd.
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03 7841 8000
Fax: 03 7841 8008

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 18/07/2011

Entitlement indicator: Ratio

Ratio: 1 : 8

Remarks: An application for the quotation of up to 60,408,667 Warrants will be submitted to Bursa Malaysia Securities Berhad after the completion of the bonus issue exercise. The Warrants will be quoted within two (2) market days after the said submission.

This announcement is dated 1 July 2011.


SAB - OTHERS

Announcement Type: General Announcement
Company Name: SOUTHERN ACIDS (M) BERHAD
Stock Name: SAB
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: PROPOSED ACQUISITION OF LAND ("PROPOSED ACQUISITION")


SUNREIT - MATERIAL LITIGATION

Announcement Type: General Announcement
Company Name: SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name: SUNREIT
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: MATERIAL LITIGATION

Description: SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- LEGAL PROCEEDINGS INSTITUTED BY OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST) AND SUNWAY REIT MANAGEMENT SDN BHD AGAINST METROPLEX HOLDINGS SDN BHD (ORIGINATING SUMMONS NO: 24NCVC-1255-2011 AND COURT OF APPEAL W-02[NCVC]-1680-11)


TRIPLC - PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company Name: TRIPLC BERHAD
Stock Name: TRIPLC
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT

Description: We refer to the Company's announcement dated 22 April 2011 informing that Securities Commission's ("SC") had vide their letter dated 20 April 2011 ("Approval") approved the Revised Scheme and hereby wish to inform that the Company is still in the midst of implementing the Revised Scheme.

The Company has 12 months from the date of SC's Approval to complete the implementation of the Revised Scheme.

The Company currently has approximately 10 months to complete the Revised Scheme.

This announcement is dated 1 July 2011.


CHOOBEE - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: CHOO BEE METAL INDUSTRIES BHD
Stock Name: CHOOBEE
Date Announced: 01/07/2011

Announcement Detail:
Date of change: 01/07/2011

Type of change: Appointment

Designation: Non-Executive Director

Directorate: Independent & Non Executive

Name: Lim Chee Hoong

Age: 50

Nationality: Malaysian

Qualifications: 1. Member of the Malaysian Institute of Accountants
2. Member of Malaysian Institute of Certified Public Accountants
3. Member of Chartered Tax Institute of Malaysia

Working experience and occupation: Lim Chee Hong started his career as an Articled Clerk in Coopers & Lybrand from year 1981 to 1988. He then joined Seal Incorporated Berhad as Accounts Assistant from year 1988 to 1989 and Kinta Properties Sdn Bhd as Assistant Accountant from year 1989 until 1990. From year 1990 to 1993, he joined Deloitte KassimChan as Audit Senior and obtained qualification under Malaysian Association of Certified Public Accountants. He then joined Syuen Corporation Sdn Bhd as Group Financial Controller and Company Secretary from year 1993 until 1996 and from 1996 till 1998 as Group Accountant in Transcyber Management Sdn Bhd. Currently, he is practising as a Public Accountant. He also serves as the executive director for Lim Tang Tax Services Sdn Bhd and partners for both Messrs. LLTC and Messrs. Lee Teik Swee & Co.

Directorship of public companies (if any): 1. AHB Holdings Berhad
2. Furniweb Industrial Products 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

Remarks: This announcement is dated 1 July 2011.


CHOOBEE - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: CHOO BEE METAL INDUSTRIES BHD
Stock Name: CHOOBEE
Date Announced: 01/07/2011

Announcement Detail:
Date of change: 01/07/2011

Type of change: Appointment

Designation: Chairman of Audit Committee

Directorate: Independent & Non Executive

Name: Lim Chee Hoong

Age: 50

Nationality: Malaysian

Qualifications: 1. Member of the Malaysian Institute of Accountants
2. Member of Malaysian Institute of Certified Public Accountants
3. Member of Chartered Tax Institute of Malaysia

Working experience and occupation: Lim Chee Hong started his career as an Articled Clerk in Coopers & Lybrand from year 1981 to 1988. He then joined Seal Incorporated Berhad as Accounts Assistant from year 1988 to 1989 and Kinta Properties Sdn Bhd as Assistant Accountant from year 1989 until 1990. From year 1990 to 1993, he joined Deloitte KassimChan as Audit Senior and obtained qualification under Malaysian Association of Certified Public Accountants. He then joined Syuen Corporation Sdn Bhd as Group Financial Controller and Company Secretary from year 1993 until 1996 and from 1996 till 1998 as Group Accountant in Transcyber Management Sdn Bhd. Currently, he is practising as a Public Accountant. He also serves as the executive director for Lim Tang Tax Services Sdn Bhd and partners for both Messrs. LLTC and Messrs. Lee Teik Swee & Co.

Directorship of public companies (if any): 1. AHB Holdings Berhad
2. Furniweb Industrial Products 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. Lim Chee Hoong (Chairman)
- Independent Non-Executive Director
2. Khoo Choon Yam(Member)
- Independent Non-Executive Director
3. Ng Poh Tat (Member)
- Independent Non-Executive Director

Remarks: This announcement is dated 1 July 2011.


CHOOBEE - OTHERS

Announcement Type: General Announcement
Company Name: CHOO BEE METAL INDUSTRIES BHD
Stock Name: CHOOBEE
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: Change in Sub-Committees


HLBANK - OTHERS

Announcement Type: General Announcement
Company Name: HONG LEONG BANK BERHAD
Stock Name: HLBANK
Date Announced: 01/07/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: HONG LEONG BANK BERHAD

(I) VESTING OF THE WHOLE BUSINESS OF EON BANK BERHAD TO HONG LEONG BANK BERHAD

(II) INTERNAL REORGANISATION EXERCISE


No comments:

Post a Comment