October 23, 2012

Company announcements: DRBHCOM, MMCCORP, FITTERS, HARVEST

DRBHCOM - DRB-HICOM BERHAD ("DRB-HICOM" OR "COMPANY") PROPOSED DISPOSAL OF THE ENTIRE BUSINESS, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF HICOM POWER SDN BHD (“HICOM POWER”) (SAVE FOR CERTAIN EXCLUDED ASSETS AND EXCLUDED LIABILITIES) TO STERLING ASIA SDN BHD (“STERLING ASIA”) FOR A CASH CONSIDERATION OF RM575,000,000 (“PROPOSED DISPOSAL”)

Announcement Type: General Announcement
Company NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoML-121023-69534

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDGG-121019-62831
SubjectDRB-HICOM BERHAD ("DRB-HICOM" OR "COMPANY")

PROPOSED DISPOSAL OF THE ENTIRE BUSINESS, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF HICOM POWER SDN BHD (“HICOM POWER”) (SAVE FOR CERTAIN EXCLUDED ASSETS AND EXCLUDED LIABILITIES) TO STERLING ASIA SDN BHD (“STERLING ASIA”) FOR A CASH CONSIDERATION OF RM575,000,000 (“PROPOSED DISPOSAL”)
DescriptionUnless stated otherwise, the abbreviations used hereafter throughout this announcement shall have the same meanings as defined in the announcement dated 18 October 2012 in relation to the Proposed Disposal (“Announcement”).

Reference is made to Bursa Malaysia Securities Berhad’s letter dated 22 October 2012 under reference GG-121019-62831 in relation to the Announcement ("Query Letter").

We, HLIB and AmInvestment, on behalf of DRB-HICOM, furnish herewith the following additional information for public disclosure.
Query Letter Contents We refer to your announcement dated 18 October 2012, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:

Salient terms of the O&M Agreement and O&M Sub-Contract.
Rationale for having the deferred payment arrangement.
Basis in arriving at the net income on disposal of RM446.2 million.
Reasons for the declined in net assets for 31 March 2011 and 31 March 2010.
Reasons for the increased in capacity factors in 2012 and what are the other
considerations or factors that will affect the capacity factors.

Please furnish Bursa Securities with your reply within one (1) market day fom
the date hereof.


Yours faithfully



HENG TECK HENG
Head, Issuers
Listing Division
Regulation

HTH/TGG
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)


MMCCORP - PROPOSED ACQUISITION OF THE ENTIRE BUSINESS, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF HICOM POWER SDN BHD (“HICOM POWER”) (SAVE FOR THE EXCLUDED ASSETS AND EXCLUDED LIABILITIES) BY STERLING ASIA SDN BHD (“STERLING ASIA”) FROM HICOM POWER, FOR A CASH CONSIDERATION OF RM575 MILLION

Announcement Type: General Announcement
Company NameMMC CORPORATION BERHAD  
Stock Name MMCCORP  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoMC-121023-61528

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-121019-43438
SubjectPROPOSED ACQUISITION OF THE ENTIRE BUSINESS, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF HICOM POWER SDN BHD (“HICOM POWER”) (SAVE FOR THE EXCLUDED ASSETS AND EXCLUDED LIABILITIES) BY STERLING ASIA SDN BHD (“STERLING ASIA”) FROM HICOM POWER, FOR A CASH CONSIDERATION OF RM575 MILLION
DescriptionUnless otherwise stated, the abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 18 October 2012 in relation to the Proposed Acquisition (“Announcement”).

Reference is made to Bursa Malaysia Securities Berhad’s letter dated 22 October 2012 under reference NM-121019-43438 in relation to the Announcement.

We furnish herewith additional information for public disclosure as attached.

This announcement is dated 23 October 2012.
Query Letter Contents We refer to your announcement dated 18 October 2012, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:

The duration of the O&M Sub-Contract.
Salient terms of the O&M Agreement.
Reasons for the decline in net assets for 31 March 2011 and 31 March 2010.
Reasons for the increase in capacity factors in 2012 and what are the other
considerations or factors that will affect the capacity factors.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully




TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)



FITTERS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced23 Oct 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-121023-61618

Date of buy back23/10/2012
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)275,300
Minimum price paid for each share purchased ($$)0.675
Maximum price paid for each share purchased ($$)0.685
Total consideration paid ($$)188,269.13
Number of shares purchased retained in treasury (units)275,300
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)275,300
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.12


HARVEST - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced23 Oct 2012  
CategoryGeneral Meetings
Reference NoCC-121023-40276

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionNotice of Extraordinary General Meeting
Date of Meeting26/11/2012
Time02:30 PM
VenueLot 450 Jalan Papan, Pandamaran Industrial Area, 42000 Port Klang, Selangor Darul Ehsan
Date of General Meeting Record of Depositors19/11/2012

Attachments

HCIB - Notice of EGM.pdf
152 KB



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