WASEONG - OTHERS WAH SEONG CORPORATION BERHAD ("THE COMPANY" OR "WSC") INCORPORATION OF WASCO COATINGS NORWAY AS BY THE COMPANY’S INDIRECT WHOLLY-OWNED SUBSIDIARY, WASCO COATINGS SERVICES SDN BHD
| Company Name | WAH SEONG CORPORATION BERHAD |
| Stock Name | WASEONG |
| Date Announced | 25 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130425-66808 |
| Type | Announcement |
| Subject | OTHERS |
| Description | WAH SEONG CORPORATION BERHAD ("THE COMPANY" OR "WSC") INCORPORATION OF WASCO COATINGS NORWAY AS BY THE COMPANY’S INDIRECT WHOLLY-OWNED SUBSIDIARY, WASCO COATINGS SERVICES SDN BHD |
The Board of Directors of the Company wishes to announce that its indirect wholly owned subsidiary, Wasco Coatings Services Sdn Bhd had on 24 April 2013 incorporated a wholly-owned subsidiary known as Wasco Coatings Norway AS (“WCN”) in WCN has an initial issued and paid-up share capital of Norwegian Krone (NOK)100,000 (equivalent to approximately RM51,794.64)(1) divided into 100,000 ordinary shares of NOK1 each. (1) Based on exchange rate of RM1.00 : NOK0.51795 on 24 April 2013 as set out in the Bloomberg website, subject to rounding. WCN was incorporated as a private company limited by shares and its intended principal activity is the provision of pipe coating services and related activities for the oil and gas industry. None of the Directors, major shareholders and persons connected with the Directors and major shareholders of This announcement is dated 25 April 2013. | |
FARMBES - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES
| Company Name | FARM'S BEST BERHAD |
| Stock Name | FARMBES |
| Date Announced | 25 Apr 2013 |
| Category | General Announcement |
| Reference No | OS-130425-47479 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | FARM’S BEST BERHAD (“FBB” OR “COMPANY”) (I) PROPOSED FREE WARRANTS ISSUE; AND (II) PROPOSED PRIVATE PLACEMENT OF SHARES WITH WARRANTS. (COLLECTIVELY REFERRED AS THE “PROPOSALS” |
Further
to FBB’s announcements on 3 April 2013 and 4 April 2013 in relation to the
proposed private placement of shares with warrants (“Previous Proposal”), on behalf of the Board of Directors of FBB (“Board”), TA Securities
Holdings Berhad (“TA Securities”)
wishes to announce that the Company proposes to revise the Previous Proposal
and to undertake the following: (i) A
proposed issue of 11,106,000 free warrants (“Free Warrants”) on the basis of one (1) Free Warrant for every five
(5) existing ordinary shares of RM1.00 each in FBB (“FBB Shares” or “Shares”)
held at an entitlement date to be determined later (“Proposed Free Warrants Issue”); and (ii) A
revised proposed private placement of up to 5,553,000 FBB Shares (“Placement Shares”), representing
approximately ten percent (10%) of the issued and paid-up share capital of FBB
together with up to 16,659,000 free detachable warrants (“Placement Warrants”) on the basis of three (3) Placement Warrants
for every one (1) Placement Share subscribed (“Proposed Private Placement of Shares with Warrants”). (collectively referred as the “Proposals”) Please refer to the attachment for the details of the revised Proposals. | |
SEG - Annual Audited Accounts - 31 December 2012
| Company Name | SEG INTERNATIONAL BHD |
| Stock Name | SEG |
| Date Announced | 25 Apr 2013 |
| Category | PDF Submission |
| Reference No | SI-130425-66182 |
| Subject | Annual Audited Accounts - 31 December 2012 |
BRIGHT - OTHERS DIVIDEND POLICY
| Company Name | BRIGHT PACKAGING INDUSTRY BERHAD |
| Stock Name | BRIGHT |
| Date Announced | 25 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130425-39092 |
| Type | Announcement |
| Subject | OTHERS |
| Description | DIVIDEND POLICY |
We refer to the announcement released by the Company on 18 January 2013. During that period, the Board of Directors comprised amongst others Yap Kok Eng and Wong Siew Yoong (both retired at the Annual General Meeting held on 21 February 2013) and also Wong See Yaw and Yeap Cheng Chuan (both were removed at the Extraordinary General Meeting held on 21 February 2013). Subsequent to the AGM and EGM, there were four new Directors appointed to the Board (the New Board). The New Board together with Encik Nik Mustapha Bin Muhamad (Executive Chairman) and Mr Low Wan Choon (Independent Non-Executive Director) (the Current Board) had met on 24 April 2013 to deliberate the earlier announcement on the 100% dividend policy payout for the next five years. The Current Board wishes to inform that a resolution was passed to revoke the decision on the 100% dividend policy payout for the next five years as for the time being, the focus is on the growth of the Company. Based on the current assessment of cash needs of our business, the Company requires the earnings to be re-invested into the Company to build its capacity and that excessive funds are required for the reinvestment for business expansion. The Board takes cognizance that if there is any excess profits or cash, the Board shall distribute dividends at a later date. This announcement is dated 25 April 2013. | |
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