WILLOW - OTHERS
Announcement Type: General Announcement
Company Name: WILLOWGLEN MSC BERHAD
Stock Name: WILLOW
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: NEW CONTRACT AWARDED
Company Name: WILLOWGLEN MSC BERHAD
Stock Name: WILLOW
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: NEW CONTRACT AWARDED
NOTION - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES
Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: NOTION VTEC BERHAD
Stock Name: NOTION
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description: NOTION VTEC BERHAD ("NVB" OR "COMPANY')
- Proposed Bonus Issue
- Proposed Free Warrants Issue
(collectively referred to as "Proposals")
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: NOTION VTEC BERHAD
Stock Name: NOTION
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description: NOTION VTEC BERHAD ("NVB" OR "COMPANY')
- Proposed Bonus Issue
- Proposed Free Warrants Issue
(collectively referred to as "Proposals")
CONNECT - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description: CONNECTCOUNTY HOLDINGS BERHAD ("CCHB" OR "THE COMPANY")
PRIVATE PLACEMENT OF UP TO 14,197,000 NEW ORDINARY SHARES OF RM0.10 EACH IN CCHB, REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCHB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ("PRIVATE PLACEMENT")
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 27/02/2012
Announcement Detail:
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description: CONNECTCOUNTY HOLDINGS BERHAD ("CCHB" OR "THE COMPANY")
PRIVATE PLACEMENT OF UP TO 14,197,000 NEW ORDINARY SHARES OF RM0.10 EACH IN CCHB, REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CCHB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ("PRIVATE PLACEMENT")
CARLAW - Quarterly rpt on consolidated results for the financial period ended 31/12/2011
Announcement Type: Financial Results
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 27/02/2012
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Financial Year End: 31/12/2011
Quarter: 4
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 27/02/2012
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Financial Year End: 31/12/2011
Quarter: 4
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
CARLAW - BURSA MALAYSIA PUBLICLY REPRIMANDS CARLAW AND FINES THREE DIRECTORS A TOTAL OF RM200,00
Announcement Type: Listing Circular
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 27/02/2012
Announcement Detail:
Subject: BURSA MALAYSIA PUBLICLY REPRIMANDS CARLAW AND FINES THREE DIRECTORS A TOTAL OF RM200,00
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded HDM-Carlaw Corporation Berhad (CARLAW) and five of its directors for failing to make an immediate announcement on the defaults in payment of various credit facilities. In addition, three executive directors were fined a total of RM200,000.
The failure to make an immediate announcement on the defaults in payment breached Rules 9.03(1) and 9.04(l) of the Listing Requirements of Bursa Securities for the MESDAQ Market (MMLR) read together with paragraphs 2.1(d) and (e) of Guidance Note No. 5/2006 (GN5) where a listed company must make an immediate announcement on the following:-
- default in payments of either interest, principal sums or both in respect of a credit facility, where the credit facility is five percent or more of the net assets of the listed company; and
- default in payments of either interest or principal sums or both in respect of a credit facility, which is reasonably expected to have a material effect on the price, value or market activity of any of the listed company's securities, or the shareholders' or investors' investment decision.
The following directors of CARLAW at the material time were found to have breached Rule 16.11(b) of the MMLR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, CARLAW to commit the breach:
No. Director Penalty 1. Lim Kong Seng
Executive Chairman
(Vacated on 3 January 2011) Public Reprimand & Fine of
RM50,000 2. Tong Keng Yoon
Managing Director Public Reprimand & Fine of
RM100,000 3. Koh Lim Heng
Executive Director
Audit Committee member (until 30 January 2009) Public Reprimand & Fine of
RM50,000 4. Teoh Peking
Independent Non-Executive Director
Audit Committee Chairman
(Appointed on 1 March 2005 and resigned on 2 September 2009) Public Reprimand 5. Tan Eng Tat
Independent Non-Executive Director
Audit Committee member
(Appointed on 24 April 2009 and resigned on 2 September 2009) Public Reprimand Bursa Securities views the contravention seriously and reminds CARLAW and its Board of Directors of their duty to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
The details of CARLAW's breach pertaining to the defaults in payment, the materiality of the defaults vis--vis CARLAW's net assets at the material time and the date of announcement are as follow:- Lender Facility Outstanding credit facility as claimed under the Writ of Summons (A)
(RM) % of (A)
Over
CARLAW's Net Assets Date of default Date of Notices of Demand Date of announcement RHB Bank Berhad Overdraft 494,942.77
(as at 22 December 2008 and writ of summons dated 4 March 2009) 2.8% 22 October 2008 28 October 2008, 11 November 2008 & 15 December 2008 3 September 2009 AmBank (M) Berhad
(AmBank) Term Loan and Overdraft 2,538,320.89
(as at 22 April 2009 and writ of summons dated 15 June 2009) 14.4% October 2008 7 April 2009 & 6 May 2009 15 December 2009 Malayan Banking Berhad Overdraft 438,142.02
(as at 31 October 2009 and writ of summons dated 30 December 2009) 5.9% 31 May 2009 2 July 2009 12 May 2010
Notwithstanding the representation that the banks had granted certain indulgences in the repayment obligations, this did not absolve CARLAW's obligation to make an immediate announcement upon the defaults in payment in accordance with the MMLR and particularly in light of the notices of demands issued by the banks.
The finding of breach and imposition of the above penalties against CARLAW and its directors were made pursuant to Rule 16.17 of the MMLR, upon completion of due process and after taking into consideration all facts and circumstances of the matter including the following:- (a) The materiality of the breach as follows:- i. CARLAW was unable to provide the requisite solvency declaration to Bursa Securities upon the announcement of the defaults in payment on 3 September 2009, and was classified as a GN3 company on the same day; and
ii. The requirement for listed companies to make an immediate announcement of a material default in payment of credit facilities was fundamental to enable investors to make informed investment decisions concerning the listed company's financial condition; and
(b) The knowledge, role, responsibilities and conduct of the directors:- i. The executive directors had knowledge of the defaults and/or the notices of demands during the 2nd half of 2008 and 1st half of 2009, while the non-executive directors had knowledge of the defaults in payment during the audit committee meeting on 30 April 2009 and the board meeting on 28 May 2009. Notwithstanding this, the directors had permitted the non-disclosures until the announcement was made on 3 September 2009;
ii. Tong Keng Yoon was the director primarily involved in the negotiation with the banks with regard to the defaults in payment, and the key person liaising with the sponsor and company secretary on compliance with the MMLR. He had also misrepresented to the board that there was no necessity to make an announcement of the defaults in accordance with the sponsor's advice, which was unsubstantiated and denied by the sponsor;
iii. Lim Kong Seng had not undertaken reasonable efforts to discharge his duties as the Executive Chairman to ensure compliance of the MMLR. He failed to notify the board immediately of the defaults and notices of demand from Ambank to facilitate an informed board deliberation / decision vis--vis immediate announcement of the defaults; and
iv. It is unacceptable for the board to merely rely on the Managing Director's representation in the discharge of their duties in view of the clear requirements under Rules 9.03(1) and 9.04(l) of the MMLR read together with paragraphs 2.1(d) and (e) of GN5 for an immediate announcement to be made in the event of a default in payment and the materiality of the default.
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 27/02/2012
Announcement Detail:
Subject: BURSA MALAYSIA PUBLICLY REPRIMANDS CARLAW AND FINES THREE DIRECTORS A TOTAL OF RM200,00
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded HDM-Carlaw Corporation Berhad (CARLAW) and five of its directors for failing to make an immediate announcement on the defaults in payment of various credit facilities. In addition, three executive directors were fined a total of RM200,000.
The failure to make an immediate announcement on the defaults in payment breached Rules 9.03(1) and 9.04(l) of the Listing Requirements of Bursa Securities for the MESDAQ Market (MMLR) read together with paragraphs 2.1(d) and (e) of Guidance Note No. 5/2006 (GN5) where a listed company must make an immediate announcement on the following:-
- default in payments of either interest, principal sums or both in respect of a credit facility, where the credit facility is five percent or more of the net assets of the listed company; and
- default in payments of either interest or principal sums or both in respect of a credit facility, which is reasonably expected to have a material effect on the price, value or market activity of any of the listed company's securities, or the shareholders' or investors' investment decision.
The following directors of CARLAW at the material time were found to have breached Rule 16.11(b) of the MMLR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, CARLAW to commit the breach:
No. Director Penalty 1. Lim Kong Seng
Executive Chairman
(Vacated on 3 January 2011) Public Reprimand & Fine of
RM50,000 2. Tong Keng Yoon
Managing Director Public Reprimand & Fine of
RM100,000 3. Koh Lim Heng
Executive Director
Audit Committee member (until 30 January 2009) Public Reprimand & Fine of
RM50,000 4. Teoh Peking
Independent Non-Executive Director
Audit Committee Chairman
(Appointed on 1 March 2005 and resigned on 2 September 2009) Public Reprimand 5. Tan Eng Tat
Independent Non-Executive Director
Audit Committee member
(Appointed on 24 April 2009 and resigned on 2 September 2009) Public Reprimand Bursa Securities views the contravention seriously and reminds CARLAW and its Board of Directors of their duty to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
The details of CARLAW's breach pertaining to the defaults in payment, the materiality of the defaults vis--vis CARLAW's net assets at the material time and the date of announcement are as follow:- Lender Facility Outstanding credit facility as claimed under the Writ of Summons (A)
(RM) % of (A)
Over
CARLAW's Net Assets Date of default Date of Notices of Demand Date of announcement RHB Bank Berhad Overdraft 494,942.77
(as at 22 December 2008 and writ of summons dated 4 March 2009) 2.8% 22 October 2008 28 October 2008, 11 November 2008 & 15 December 2008 3 September 2009 AmBank (M) Berhad
(AmBank) Term Loan and Overdraft 2,538,320.89
(as at 22 April 2009 and writ of summons dated 15 June 2009) 14.4% October 2008 7 April 2009 & 6 May 2009 15 December 2009 Malayan Banking Berhad Overdraft 438,142.02
(as at 31 October 2009 and writ of summons dated 30 December 2009) 5.9% 31 May 2009 2 July 2009 12 May 2010
Notwithstanding the representation that the banks had granted certain indulgences in the repayment obligations, this did not absolve CARLAW's obligation to make an immediate announcement upon the defaults in payment in accordance with the MMLR and particularly in light of the notices of demands issued by the banks.
The finding of breach and imposition of the above penalties against CARLAW and its directors were made pursuant to Rule 16.17 of the MMLR, upon completion of due process and after taking into consideration all facts and circumstances of the matter including the following:- (a) The materiality of the breach as follows:- i. CARLAW was unable to provide the requisite solvency declaration to Bursa Securities upon the announcement of the defaults in payment on 3 September 2009, and was classified as a GN3 company on the same day; and
ii. The requirement for listed companies to make an immediate announcement of a material default in payment of credit facilities was fundamental to enable investors to make informed investment decisions concerning the listed company's financial condition; and
(b) The knowledge, role, responsibilities and conduct of the directors:- i. The executive directors had knowledge of the defaults and/or the notices of demands during the 2nd half of 2008 and 1st half of 2009, while the non-executive directors had knowledge of the defaults in payment during the audit committee meeting on 30 April 2009 and the board meeting on 28 May 2009. Notwithstanding this, the directors had permitted the non-disclosures until the announcement was made on 3 September 2009;
ii. Tong Keng Yoon was the director primarily involved in the negotiation with the banks with regard to the defaults in payment, and the key person liaising with the sponsor and company secretary on compliance with the MMLR. He had also misrepresented to the board that there was no necessity to make an announcement of the defaults in accordance with the sponsor's advice, which was unsubstantiated and denied by the sponsor;
iii. Lim Kong Seng had not undertaken reasonable efforts to discharge his duties as the Executive Chairman to ensure compliance of the MMLR. He failed to notify the board immediately of the defaults and notices of demand from Ambank to facilitate an informed board deliberation / decision vis--vis immediate announcement of the defaults; and
iv. It is unacceptable for the board to merely rely on the Managing Director's representation in the discharge of their duties in view of the clear requirements under Rules 9.03(1) and 9.04(l) of the MMLR read together with paragraphs 2.1(d) and (e) of GN5 for an immediate announcement to be made in the event of a default in payment and the materiality of the default.
SMARTAG - Quarterly rpt on consolidated results for the financial period ended 31/12/2011
Announcement Type: Financial Results
Company Name: SMARTAG SOLUTIONS BERHAD (ACE Market)
Stock Name: SMARTAG
Date Announced: 27/02/2012
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: Same as above
Financial Year End: 30/09/2012
Quarter: 1
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: SMARTAG SOLUTIONS BERHAD (ACE Market)
Stock Name: SMARTAG
Date Announced: 27/02/2012
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: Same as above
Financial Year End: 30/09/2012
Quarter: 1
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
CIMB - Second interim dividend
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 27/02/2012
Announcement Detail:
EX-date: 09/03/2012
Entitlement date: 13/03/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Second interim dividend
Entitlement description: Single Tier Second Interim Dividend of 10.0 sen per share for the financial year ended 31 December 2011.
Period of interest payment: to
Financial Year End: 31/12/2011
Share transfer book & register of members will be: 14/03/2012 to 14/03/2012 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
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor, Malaysia
Tel: 03-7841 8000
Fax: 03-7841 8152
Payment date: 30/03/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 13/03/2012
b. Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit: 09/03/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.1
Remarks: c.c. Securities Commission
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 27/02/2012
Announcement Detail:
EX-date: 09/03/2012
Entitlement date: 13/03/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Second interim dividend
Entitlement description: Single Tier Second Interim Dividend of 10.0 sen per share for the financial year ended 31 December 2011.
Period of interest payment: to
Financial Year End: 31/12/2011
Share transfer book & register of members will be: 14/03/2012 to 14/03/2012 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
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor, Malaysia
Tel: 03-7841 8000
Fax: 03-7841 8152
Payment date: 30/03/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 13/03/2012
b. Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit: 09/03/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.1
Remarks: c.c. Securities Commission
CIMB - Quarterly rpt on consolidated results for the financial period ended 31/12/2011
Announcement Type: Financial Results
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 27/02/2012
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 4
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 27/02/2012
Announcement Detail:
Financial Year End: 31/12/2011
Quarter: 4
Quarterly report for the financial period ended: 31/12/2011
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
IGB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/02/2012
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, Mdm Pauline Tan Suat Ming, a Director, had on 27 February 2012 notified on the change of her deemed interest in IGB shares, the details are set out in Table Section.
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/02/2012
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, Mdm Pauline Tan Suat Ming, a Director, had on 27 February 2012 notified on the change of her deemed interest in IGB shares, the details are set out in Table Section.
IGB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/02/2012
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, Mr Tony Tan @ Choon Keat, a Director, had on 27 February 2012 notified on the change of his deemed interest in IGB shares, the details are set out in Table Section.
Company Name: IGB CORPORATION BERHAD
Stock Name: IGB
Date Announced: 27/02/2012
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, Mr Tony Tan @ Choon Keat, a Director, had on 27 February 2012 notified on the change of his deemed interest in IGB shares, the details are set out in Table Section.
No comments:
Post a Comment