BGYEAR - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CM-130701-32423 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | BINA GOODYEAR BERHAD (BGB" OR "THE COMPANY") Monthly Update on the status of the Company’s plan to comply with the obligation to regularise its condition pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 17”) |
We refer to the announcements made by the Company on 19 November 2012, 3 December 2012, 2 January 2013, 5 February 2013, 20 February 2013, 1 March 2013, 2 April 2013, 2 May 2013 and 3 June 2013. Reference is also made to the announcements by the Company on 28 December 2012, 31 December 2012, 9 January 2013, 15 January 2013, 22 January 2013, 29 January 2013, 22 February 2013, 13 March 2013 and 2 April 2013 in relation to the Proposed Debt Settlement. The Board wishes to announce that there are no major developments subsequent to the announcement on 3 June 2013. The Company has until 19 November 2013 to submit the Proposed Regularisation Plan to the relevant authorities for approval. This announcement is dated 1 July 2013. | |
PATIMAS - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | PATIMAS COMPUTERS BERHAD |
| Stock Name | PATIMAS |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-E500A |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | PATIMAS COMPUTERS BERHAD (“PATIMAS” OR “THE COMPANY”) MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT PURSUANT TO PRACTICE NOTE 1/2001 |
Further to the Company’s announcement made on 3 June 2013. The Board of Directors of Patimas wishes to inform that there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 1 July 2013.
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PATIMAS - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | PATIMAS COMPUTERS BERHAD |
| Stock Name | PATIMAS |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-E4B06 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | PATIMAS COMPUTERS BERHAD (“Patimas” or the “Company”) - Monthly update on the status of the Company’s regularisation plan |
Further to the Company's announcements made on 1 and 2 November 2012 ("First Announcement ") in compliance with Paragraph 4.1 of PN17 and announcement made on 3 June 2013. The Board of Directors of Patimas wishes to inform that the Company is presently in the midst of formulating a regularisation plan to address its PN17 status ("Regularisation Plan"). Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 30 October 2013 which is approximately 4 months from the date hereof. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 1 July 2013. | |
ATLAN - Annual Audited Accounts - 28 February 2013 (Errata) (Amended Announcement)
| Company Name | ATLAN HOLDINGS BERHAD |
| Stock Name | ATLAN |
| Date Announced | 1 Jul 2013 |
| Category | PDF Submission |
| Reference No | CS-130701-7449E |
| Subject | Annual Audited Accounts - 28 February 2013 (Errata) |
MAEMODE - MALAYSIAN AE MODELS HOLDINGS BERHAD (Receiver and Manager Appointed)(“MAEMODE” OR “THE COMPANY”) - Default in Payments under Practice Note 1 of the Listing Requirements of Bursa Malaysia Securities Berhad
| Company Name | MALAYSIAN AE MODELS HOLDINGS BERHAD |
| Stock Name | MAEMODE |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-FB682 |
MAEMODE - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | MALAYSIAN AE MODELS HOLDINGS BERHAD |
| Stock Name | MAEMODE |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-EF327 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | MALAYSIAN AE MODELS HOLDINGS BERHAD (Receiver and Manager Appointed) (“MAEMODE” or the “Company”) - Monthly update on the status of the Company’s regularisation plan |
Further to the Company's announcement made on 20 June 2013 ("First Announcement ") in compliance with Paragraph 4.1 of PN17. The Board of Directors of the Company wishes to inform that the Company is presently in the midst of formulating a regularisation plan to address its PN17 status ("Regularisation Plan"). Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 20 June 2014 which is approximately 11 months from the date hereof. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 1 July 2013. | |
MAEMODE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | MALAYSIAN AE MODELS HOLDINGS BERHAD |
| Stock Name | MAEMODE |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-EF326 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | MALAYSIAN AE MODELS HOLDINGS BERHAD (Receiver and Manager Appointed)(“MAEMODE” OR “THE COMPANY”) - MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT PURSUANT TO PRACTICE NOTE 1/2001 |
Further to the Company’s announcement made on 20 June 2013. The Board of Directors of the Company wishes to inform that there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 1 July 2013.
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MAEMODE - MALAYSIAN AE MODELS HOLDINGS BERHAD ("MAEMODE" or "The Company") (Receiver and Manager Appointed) - Notice of Appointment of Receiver and Manager
| Company Name | MALAYSIAN AE MODELS HOLDINGS BERHAD |
| Stock Name | MAEMODE |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CC-130701-59873 |
SYF - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | SYF RESOURCES BERHAD |
| Stock Name | SYF |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | CK-130701-60315 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SYF RESOURCES BERHAD (“SRB” or “the Company”) - Acquisition of Property by SYF Development Sdn Bhd, a Wholly-owned Sub-subsidiary of SRB |
1. INTRODUCTION The Board of Directors of SYF Resources Berhad (“SRB” or “the Company”) wishes to announce that SYF Development Sdn Bhd (“SYFD”), a wholly-owned sub-subsidiary of SRB, has on 1 July 2013, entered into a Sale and Purchase Agreement (“ 2. DESCRIPTION OF THE PROPERTY Held under title GRN 33372, Lot 2883, Mukim Cheras, Daerah Ulu Langat, Negeri Selangor Darul Ehsan, the Property is currently vacant and free of encumbrance. Based on the indicative valuation issued by an Independent Registered Valuer, KGV International Property Consultants (M) Sdn Bhd dated 24 June 2013 which was issued by Sr Anthony Chua Kian Beng, the Property has an open market value of RM 16,425,000.00 using the comparison method of valuation. Zoned for residential use, the Property is located in the Sungai Long residential area within the immediate vicinity of the Sungai Long Golf and Country Club. It adjoins an existing gated and guarded semi-detached housing project known as Wira Heights. As the adjacent land has been developed with gated and guarded semi-detached houses, the Property is suitable and has good potential for development into a residential project. The Company is unable to procure the original cost of the Property as we being the purchaser, are not privy to such information. 3. INFORMATION ON SYFD SYFD was incorporated in Malaysia on 19 September 1989 under the Companies Act, 1965 (“Act”) as a private limited company under the name of Twenty-One SJ Sdn Bhd. It subsequently changed its name to SYFD on 3 October 2011. SYFD is a wholly-owned subsidiary of SYF Venture Sdn Bhd which in turn is a wholly-owned subsidiary of the Company. SYFD’s business activity is to undertake property development projects. The authorised share capital of SYFD is RM5,000,000 comprising 5,000,000 ordinary shares of RM1.00 each of which RM2,100,000 comprising 2,100,000 ordinary shares of RM1.00 have been fully paid-up. The directors of SYFD are Ng Ah Chai, Dato’ Sri Chee Hong Leong, J.P. and Cheong Yee Kiong. 4. INFORMATION ON THE VENDOR The vendor is an elderly Singaporean individual namely Ho Kim Yoke (Singapore identity card no. S0782388F). She is unrelated to any of SRB Group’s directors and major shareholders or persons connected to them. 5. DETAILS OF THE PROPERTY ACQUISITION Salient terms and conditions of the Property Acquisition:- (i) Payment The SPA provides, amongst others, the following:- a) A deposit of 10% of the purchase price, amounting to RM1,600,000.00 has been paid upon execution of the SPA. b) The balance 90% is payable within ninety days from the date of the SPA failing which an extension period of sixty days will be granted during which interest at the rate of 8% per annum will be payable on the unpaid balance purchase price until the actual date of payment. A final extension of thirty days will be allowed during which interest at the rate of 10% per annum will be charged. (ii) Basis of the Purchase Consideration for the Property The purchase price is based on a willing buyer-willing seller basis and the open market value as stated under item 2 above. (iii) Liabilities to be Assumed The property is being purchased free of encumbrance and no liabilities are to be assumed by SYFD 6. MODE OF FINANCING The purchase consideration will be financed by the Group’s internal funds and external borrowings. 7. RATIONALE With its location in the well-established and sought after area of Sungai Long, the Property has good development potential and would be ready for launch once all approvals and conversion are completed. The Property Acquisition will enable SYFD to replenish its land bank in property development. 8. FINANCIAL EFFECTS As the Proposed Acquisition will be completed after the financial year ending 31 July 2013, there will be no effect on the net profit, net assets and earnings of the Group in the current financial year ending 31 July 2013, but will contribute positively to the earnings of the Group in future. Assuming that external borrowing of 70% of the purchase consideration is raised, the gearing of the Group will increase from 0.233 to 0.308 times of the equity of SYF Group. There will be no effect on the share capital and substantial shareholders’ shareholding of the Group. 9. RISK FACTORS OF THE PROPOSED ACQUISITION The Proposed Acquisition will expose the Group to risks inherent in the property industry. These risks primarily include demand for and supply of residential semi-detached houses, interest rate fluctuations, availability of end-financing, increased competition, constraints in labour supply and changes in the legal and environmental framework governing the property and/or property development sector. No assurance can be given that any changes to these factors will not have any adverse effects on development of the property. However, the Group will seek to limit these risks through inter-alia, close monitoring and planning, prudent financial policy, effective human resources management and insuring all relevant risks. 10. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS OR PERSONS CONNECTED WITH THEM None of the Directors, major shareholders or persons connected with them has any interest, direct or indirect, in the Property Acquisition. 11. APPROVALS REQUIRED SRB does not require the approval of its shareholders or any regulatory authority to acquire the Property. 12. HIGHEST PERCENTAGE RATIO Pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest applicable percentage ratio is 11.0% based on the purchase consideration taken against the net assets of the Group. 13. STATEMENT BY THE BOARD OF DIRECTORS Having considered all aspects of the Property Acquisition, the Board of Directors of SRB is of the view that the transaction is in the best interest of the Group. 14. ESTIMATED TIME FRAME The SPA provides for a period of ninety days months with an extension of sixty days and a final extension of thirty days for completion from the date of the SPA. Upon completion of the SPA, SYFD will proceed, as soon as possible, to apply for conversion of the Property to residential use and subsequently for all the necessary planning and development approvals. 15. DOCUMENTS FOR INSPECTION A copy of the SPA dated 1 July 2013 and letter of indicative valuation dated 24 June 2013 are aailable for inspection during office hours by the shareholders of the Company for a period of three (3) months from the date of this announcement at the Company’s registered address at Level 18, the Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur. This announcement is 1 July 2013. | |
OCTAGON - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | OCTAGON CONSOLIDATED BERHAD |
| Stock Name | OCTAGON |
| Date Announced | 1 Jul 2013 |
| Category | General Announcement |
| Reference No | OC-130701-7C928 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 (“PN 1”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA MALAYSIA") |
Further to the announcement made on 3 June 2013, the announcement on 19 March 2013 in relation to the execution of the Debt Settlement Agreement(“DSA”) with the financial lenders, the announcement on 14 May 2013 on the execution of the agreement between the Company, OGPC Holdings Sdn Bhd and the shareholders of both OGPC Sdn Bhd and OGPC O & G Sdn Bhd, the announcement on 18 June 2013 in relation to the proposed disposal of Advanced Pyrotech Sdn Bhd pursuant to DSA, and the announcement dated 18 June 2013 on the approval from Bursa Malaysia for the extension period of four (4) months up to 18 October 2013 for Octagon to finalise and submit the Regularisation Plan to the relevant authorities, the Company is in the midst of formalising the Regularisation Plan for the Requisite Announcement and submission to the relevant authorities. Octagon is required to make the Requisite Announcement on or before 18 August 2013. Octagon will announce further developments on the above matter as and when necessary.
This announcement is dated 1 July 2013.
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