SYSTECH - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: SYSTECH BHD (ACE Market)
Stock Name: SYSTECH
Date Announced: 07/03/2012
Announcement Detail:
Admission Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: ACQUISITION OF THE ENTIRE EQUITY INTEREST IN MOBYSYS SDN BHD ("MOBYSYS") COMPRISING 50,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM50,000 ("ACQUISITION")
Attachments: Ann - Mobysys.pdf
Company Name: SYSTECH BHD (ACE Market)
Stock Name: SYSTECH
Date Announced: 07/03/2012
Announcement Detail:
Admission Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: ACQUISITION OF THE ENTIRE EQUITY INTEREST IN MOBYSYS SDN BHD ("MOBYSYS") COMPRISING 50,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM50,000 ("ACQUISITION")
Attachments: Ann - Mobysys.pdf
CARLAW - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Announcement Type: General Announcement
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 07/03/2012
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description: HDM-CARLAW CORPORATION BERHAD ("HDM" or "the Company")
-RESTRAINING ORDER
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 07/03/2012
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description: HDM-CARLAW CORPORATION BERHAD ("HDM" or "the Company")
-RESTRAINING ORDER
FRONTKN - MATERIAL LITIGATION
Announcement Type: General Announcement
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 07/03/2012
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: Update on Litigation by a Subsidiary against Petra Resources Sdn Bhd
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 07/03/2012
Announcement Detail:
Type: Announcement
Subject: MATERIAL LITIGATION
Description: Update on Litigation by a Subsidiary against Petra Resources Sdn Bhd
MYEG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MY E.G. SERVICES BERHAD
Stock Name: MYEG
Date Announced: 07/03/2012
Announcement Detail:
Date of buy back: 07/03/2012
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 100,000
Minimum price paid for each share purchased ($$): 0.665
Maximum price paid for each share purchased ($$): 0.665
Total consideration paid ($$): 66,500.00
Number of shares purchased retained in treasury (units): 100,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,296,200
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.382
Company Name: MY E.G. SERVICES BERHAD
Stock Name: MYEG
Date Announced: 07/03/2012
Announcement Detail:
Date of buy back: 07/03/2012
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 100,000
Minimum price paid for each share purchased ($$): 0.665
Maximum price paid for each share purchased ($$): 0.665
Total consideration paid ($$): 66,500.00
Number of shares purchased retained in treasury (units): 100,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,296,200
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.382
ASIABIO - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Leung Kok Keong
Age: 44
Nationality: Malaysian
Type of change: Redesignation
Previous Position: Chairman & Director
New Position: Executive Director
Directorate: Executive
Qualifications: Mr Leung obtained his Bachelor Degree in Accounting from the Curtin University of Technology, Australia in 1989. He is also a certified practising Accountant and Chartered Accountant.
Working experience and occupation: Trained as an investment banker, Mr Leung has significant experience in corporate finance and business development as well as management. He was the founding member and former executive director of Newfields Advisors Sdn. Bhd, a boutique financial and corporate advisory firm which has been consistently placed within the Top 10 of Bloomberg's Mergers & Acquisitions ("M&A") League table for Malaysian M&A Transactions.
He is also well versed in corporate finance advisory, having advised in the group wide restructuring exercise between KFC Holdings (M) Berhad, Pizza Hut (M) Sdn. Bhd., Ayamas Food Corporation Berhad and C.I. Holdings Berhad. He was also the acting Plant Manager for Amalgamated Parts Manufacturers Holdings Berhad, responsible for re-engineering the production plant's operations, supply chain and control systems.
Directorship of public companies (if any): 1. Tebrau Teguh Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty 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: Direct interest of 412,150 ordinary shares of RM0.10 each in the capital of the Company.
Remarks: Mr Leung has re-designated from Non-Independent and Non- Executive Director/Chairman to Executive Director of the Company.
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Leung Kok Keong
Age: 44
Nationality: Malaysian
Type of change: Redesignation
Previous Position: Chairman & Director
New Position: Executive Director
Directorate: Executive
Qualifications: Mr Leung obtained his Bachelor Degree in Accounting from the Curtin University of Technology, Australia in 1989. He is also a certified practising Accountant and Chartered Accountant.
Working experience and occupation: Trained as an investment banker, Mr Leung has significant experience in corporate finance and business development as well as management. He was the founding member and former executive director of Newfields Advisors Sdn. Bhd, a boutique financial and corporate advisory firm which has been consistently placed within the Top 10 of Bloomberg's Mergers & Acquisitions ("M&A") League table for Malaysian M&A Transactions.
He is also well versed in corporate finance advisory, having advised in the group wide restructuring exercise between KFC Holdings (M) Berhad, Pizza Hut (M) Sdn. Bhd., Ayamas Food Corporation Berhad and C.I. Holdings Berhad. He was also the acting Plant Manager for Amalgamated Parts Manufacturers Holdings Berhad, responsible for re-engineering the production plant's operations, supply chain and control systems.
Directorship of public companies (if any): 1. Tebrau Teguh Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty 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: Direct interest of 412,150 ordinary shares of RM0.10 each in the capital of the Company.
Remarks: Mr Leung has re-designated from Non-Independent and Non- Executive Director/Chairman to Executive Director of the Company.
ASIABIO - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Kim Chu
Age: 50
Nationality: Malaysian
Type of change: Appointment
Designation: Chairman
Directorate: Independent & Non Executive
Qualifications: Mr Lim Kim Chu is a graduate from University of Oklahoma, U.S.A with Bachelor's Degree in Computer Science.
Working experience and occupation: Mr Lim was appointed to the Company on 23 September 2008. Currently, Mr Lim is a managing director of Worldinfo Technology Sdn. Bhd. in Prai, Penang. He is also the executive director of several private companies involved in the business of trading, manufacturing, construction and property development.
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: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Kim Chu
Age: 50
Nationality: Malaysian
Type of change: Appointment
Designation: Chairman
Directorate: Independent & Non Executive
Qualifications: Mr Lim Kim Chu is a graduate from University of Oklahoma, U.S.A with Bachelor's Degree in Computer Science.
Working experience and occupation: Mr Lim was appointed to the Company on 23 September 2008. Currently, Mr Lim is a managing director of Worldinfo Technology Sdn. Bhd. in Prai, Penang. He is also the executive director of several private companies involved in the business of trading, manufacturing, construction and property development.
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
ASIABIO - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Leung Kok Keong
Age: 44
Nationality: Malaysian
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Executive
Qualifications: Mr Leung obtained his Bachelor Degree in Accounting from the Curtin University of Technology, Australia in 1989. He is also a certified practising Accountant and Chartered Accountant.
Working experience and occupation: Trained as an investment banker, Mr Leung has significant experience in corporate finance and business development as well as management. He was the founding member and former executive director of Newfields Advisors Sdn. Bhd, a boutique financial and corporate advisory firm which has been consistently placed within the Top 10 of Bloomberg's Mergers & Acquisitions ("M&A") League table for Malaysian M&A Transactions.
He is also well versed in corporate finance advisory, having advised in the group wide restructuring exercise between KFC Holdings (M) Berhad, Pizza Hut (M) Sdn. Bhd., Ayamas Food Corporation Berhad and C.I. Holdings Berhad. He was also the acting Plant Manager for Amalgamated Parts Manufacturers Holdings Berhad, responsible for re-engineering the production plant's operations, supply chain and control systems.
Directorship of public companies (if any): 1. Tebrau Teguh Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty 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: Direct interest of 412,150 ordinary shares of RM0.10 each in the capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Major Huan Cheng Guan (K) (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Lim Foo Seng (Member) - Independent Non-Executive Director
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Leung Kok Keong
Age: 44
Nationality: Malaysian
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Executive
Qualifications: Mr Leung obtained his Bachelor Degree in Accounting from the Curtin University of Technology, Australia in 1989. He is also a certified practising Accountant and Chartered Accountant.
Working experience and occupation: Trained as an investment banker, Mr Leung has significant experience in corporate finance and business development as well as management. He was the founding member and former executive director of Newfields Advisors Sdn. Bhd, a boutique financial and corporate advisory firm which has been consistently placed within the Top 10 of Bloomberg's Mergers & Acquisitions ("M&A") League table for Malaysian M&A Transactions.
He is also well versed in corporate finance advisory, having advised in the group wide restructuring exercise between KFC Holdings (M) Berhad, Pizza Hut (M) Sdn. Bhd., Ayamas Food Corporation Berhad and C.I. Holdings Berhad. He was also the acting Plant Manager for Amalgamated Parts Manufacturers Holdings Berhad, responsible for re-engineering the production plant's operations, supply chain and control systems.
Directorship of public companies (if any): 1. Tebrau Teguh Berhad
2. Kulim (Malaysia) Berhad
3. Damansara Realty 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: Direct interest of 412,150 ordinary shares of RM0.10 each in the capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Major Huan Cheng Guan (K) (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Lim Foo Seng (Member) - Independent Non-Executive Director
ASIABIO - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Foo Seng
Age: 41
Nationality: Malaysian
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Qualifications: Mr Lim Foo Seng is a member of the Malaysian Institute of Certified Public Accountants, a Chartered Accountant (Malaysia) and a member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Lim Foo Seng has vast experience in professional and commercial exposures. He served in one of the international accounting firms, Deloitte Kassim Chan, based in Kuala Lumpur, from 1989 to 1995 acquiring considerable knowledge, experience and exposure in management consultancy, taxation and accounting and auditing standards.
He left to join Arab-Malaysian Corporation Berhad Group ("Amcorp Group") in 1995 and was involved in the business planning, venture capital activities, corporate restructuring and monitoring of portfolio companies in his capacity as Associate Director. He has also served as a board member of various portfolio companies of Amcorp Group. His last position with Amcorp Group was Chief Financial Officer of MCM Technologies Berhad, a subsidiary of Amcorp that is listed on ACE Market.
From 2003 to 2010, he held various senior management positions and served as a board member of various established private limited and public listed companies in Malaysia. In 2011, he joined Aivoria Group Sdn Bhd ("Aivoria Group"). Currently, he is the Executive Director, Group Strategic Planning of Aivoria Group focusing in the business strategic planning, human capital management, finance, corporate affairs and information technology areas. Aivoria Group is principally involved in the business segment of the fashion and beauty industry and operates more than 100 retail stores nationwide and regionally under the retail brand names of Elianto, Bonita and Tiamo.
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: Direct interest of 50 ordinary shares of RM0.10 each in the capital of the Company.
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Foo Seng
Age: 41
Nationality: Malaysian
Type of change: Appointment
Designation: Director
Directorate: Independent & Non Executive
Qualifications: Mr Lim Foo Seng is a member of the Malaysian Institute of Certified Public Accountants, a Chartered Accountant (Malaysia) and a member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Lim Foo Seng has vast experience in professional and commercial exposures. He served in one of the international accounting firms, Deloitte Kassim Chan, based in Kuala Lumpur, from 1989 to 1995 acquiring considerable knowledge, experience and exposure in management consultancy, taxation and accounting and auditing standards.
He left to join Arab-Malaysian Corporation Berhad Group ("Amcorp Group") in 1995 and was involved in the business planning, venture capital activities, corporate restructuring and monitoring of portfolio companies in his capacity as Associate Director. He has also served as a board member of various portfolio companies of Amcorp Group. His last position with Amcorp Group was Chief Financial Officer of MCM Technologies Berhad, a subsidiary of Amcorp that is listed on ACE Market.
From 2003 to 2010, he held various senior management positions and served as a board member of various established private limited and public listed companies in Malaysia. In 2011, he joined Aivoria Group Sdn Bhd ("Aivoria Group"). Currently, he is the Executive Director, Group Strategic Planning of Aivoria Group focusing in the business strategic planning, human capital management, finance, corporate affairs and information technology areas. Aivoria Group is principally involved in the business segment of the fashion and beauty industry and operates more than 100 retail stores nationwide and regionally under the retail brand names of Elianto, Bonita and Tiamo.
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: Direct interest of 50 ordinary shares of RM0.10 each in the capital of the Company.
ASIABIO - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Foo Seng
Age: 41
Nationality: Malaysian
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Qualifications: Mr Lim Foo Seng is a member of the Malaysian Institute of Certified Public Accountants, a Chartered Accountant (Malaysia) and a member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Lim Foo Seng has vast experience in professional and commercial exposures. He served in one of the international accounting firms, Deloitte Kassim Chan, based in Kuala Lumpur, from 1989 to 1995 acquiring considerable knowledge, experience and exposure in management consultancy, taxation and accounting and auditing standards.
He left to join Arab-Malaysian Corporation Berhad Group ("Amcorp Group") in 1995 and was involved in the business planning, venture capital activities, corporate restructuring and monitoring of portfolio companies in his capacity as Associate Director. He has also served as a board member of various portfolio companies of Amcorp Group. His last position with Amcorp Group was Chief Financial Officer of MCM Technologies Berhad, a subsidiary of Amcorp that is listed on ACE Market.
From 2003 to 2010, he held various senior management positions and served as a board member of various established private limited and public listed companies in Malaysia. In 2011, he joined Aivoria Group Sdn Bhd ("Aivoria Group"). Currently, he is the Executive Director, Group Strategic Planning of Aivoria Group focusing in the business strategic planning, human capital management, finance, corporate affairs and information technology areas. Aivoria Group is principally involved in the business segment of the fashion and beauty industry and operates more than 100 retail stores nationwide and regionally under the retail brand names of Elianto, Bonita and Tiamo.
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: Direct interest of 50 ordinary shares of RM0.10 each in the capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Major Huan Cheng Guan (K) (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Lim Foo Seng (Member) - Independent Non-Executive Director
Company Name: ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market)
Stock Name: ASIABIO
Date Announced: 07/03/2012
Announcement Detail:
Date of change: 07/03/2012
Name: Lim Foo Seng
Age: 41
Nationality: Malaysian
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Qualifications: Mr Lim Foo Seng is a member of the Malaysian Institute of Certified Public Accountants, a Chartered Accountant (Malaysia) and a member of the Malaysian Institute of Accountants.
Working experience and occupation: Mr Lim Foo Seng has vast experience in professional and commercial exposures. He served in one of the international accounting firms, Deloitte Kassim Chan, based in Kuala Lumpur, from 1989 to 1995 acquiring considerable knowledge, experience and exposure in management consultancy, taxation and accounting and auditing standards.
He left to join Arab-Malaysian Corporation Berhad Group ("Amcorp Group") in 1995 and was involved in the business planning, venture capital activities, corporate restructuring and monitoring of portfolio companies in his capacity as Associate Director. He has also served as a board member of various portfolio companies of Amcorp Group. His last position with Amcorp Group was Chief Financial Officer of MCM Technologies Berhad, a subsidiary of Amcorp that is listed on ACE Market.
From 2003 to 2010, he held various senior management positions and served as a board member of various established private limited and public listed companies in Malaysia. In 2011, he joined Aivoria Group Sdn Bhd ("Aivoria Group"). Currently, he is the Executive Director, Group Strategic Planning of Aivoria Group focusing in the business strategic planning, human capital management, finance, corporate affairs and information technology areas. Aivoria Group is principally involved in the business segment of the fashion and beauty industry and operates more than 100 retail stores nationwide and regionally under the retail brand names of Elianto, Bonita and Tiamo.
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: Direct interest of 50 ordinary shares of RM0.10 each in the capital of the Company.
Composition of Audit Committee (Name and Directorate of members after change): 1. Major Huan Cheng Guan (K) (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Lim Foo Seng (Member) - Independent Non-Executive Director
CATCHA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: CATCHA MEDIA BERHAD (ACE Market)
Stock Name: CATCHA
Date Announced: 07/03/2012
Announcement Detail:
Admission Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: CATCHA MEDIA BERHAD ("CATCHA MEDIA" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF 50% EQUITY INTEREST IN AUTO DISCOUNTS SDN BHD ("ADSB") FROM CNX HOLDINGS SDN BHD, ASIA IKNOWLEDGE SDN BHD, HOW CHOON THAM, FOONG CHEE MUN AND LEOW JOON WENG FOR A PURCHASE CONSIDERATION OF RM5,000,000 ("PROPOSED ACQUISITION"); AND
(II) PROPOSED OPTION TO SUBSCRIBE FOR AN ADDITIONAL UP TO 125,000 ORDINARY SHARES OF RM1.00 EACH IN ADSB ("ADSB SHARES") BY SUBSCRIPTION TO NEW ADSB SHARES FOR AN AGGREGATE CONSIDERATION OF UP TO RM2,000,000 COMMENCING FROM THE DATE OF THE COMPLETION OF THE SHARE SALE AGREEMENT PURSUANT TO THE PROPOSED ACQUISITION AND EXPIRING 24 MONTHS THEREAFTER ("PROPOSED OPTION")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Attachments: Catcha-ADSB - Addendum.pdf
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: CATCHA MEDIA BERHAD (ACE Market)
Stock Name: CATCHA
Date Announced: 07/03/2012
Announcement Detail:
Admission Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: CATCHA MEDIA BERHAD ("CATCHA MEDIA" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF 50% EQUITY INTEREST IN AUTO DISCOUNTS SDN BHD ("ADSB") FROM CNX HOLDINGS SDN BHD, ASIA IKNOWLEDGE SDN BHD, HOW CHOON THAM, FOONG CHEE MUN AND LEOW JOON WENG FOR A PURCHASE CONSIDERATION OF RM5,000,000 ("PROPOSED ACQUISITION"); AND
(II) PROPOSED OPTION TO SUBSCRIBE FOR AN ADDITIONAL UP TO 125,000 ORDINARY SHARES OF RM1.00 EACH IN ADSB ("ADSB SHARES") BY SUBSCRIPTION TO NEW ADSB SHARES FOR AN AGGREGATE CONSIDERATION OF UP TO RM2,000,000 COMMENCING FROM THE DATE OF THE COMPLETION OF THE SHARE SALE AGREEMENT PURSUANT TO THE PROPOSED ACQUISITION AND EXPIRING 24 MONTHS THEREAFTER ("PROPOSED OPTION")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Attachments: Catcha-ADSB - Addendum.pdf
No comments:
Post a Comment