Company announcements: SILVER, DOMINAN, VASTALX, HWGB

SILVER - OTHERS Silver Bird Group Berhad ("SBGB" or “the Company”) - Resignation of Auditors

Announcement Type: General Announcement

Company Name	SILVER BIRD GROUP BERHAD
Stock Name	SILVER
Date Announced	7 Oct 2013
Category	General Announcement
Reference No	CC-131007-B51C1

Type	Announcement
Subject	OTHERS
Description	Silver Bird Group Berhad ("SBGB" or “the Company”) - Resignation of Auditors
The Board of Directors of Silver Bird Group Berhad (“SBGB” or “the Company”) wishes to announce that the Company had today, 7 October 2013, received from the auditors, Messrs Baker Tilly Monteiro Heng a notice in writing dated 27 September 2013 which was addressed to the Company, of their intention to resign as the auditors of the Company. Their resignation will only take effect upon the appointment of new auditors pursuant to Section 172(15) of the Companies Act, 1965. Pursuant to the said resignation, the Company will be appointing new auditors in place of the resigning auditors subject to the approval to be obtained from the shareholders of the Company at the Extraordinary General Meeting to be convened upon the finalization of the nomination of the new auditors. This announcement is dated 7 October 2013.

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DOMINAN - OTHERS Corporate Guarantee

Announcement Type: General Announcement

Company Name	DOMINANT ENTERPRISE BERHAD
Stock Name	DOMINAN
Date Announced	7 Oct 2013
Category	General Announcement
Reference No	CJ-131007-63905

Type	Announcement
Subject	OTHERS
Description	Corporate Guarantee
The Board of Directors of Dominant Enterprise Berhad ('DOMINAN') wishes to announce that an additional  Corporate Guarantee of RM2,000,000 (Ringgit Malaysia : Two Million Only) in favour of Maybank Islamic  Berhad (“MAYBANK ISLAMIC”) to guarantee MAYBANK ISLAMIC for the renewed Islamic Banking Facilities granted to DOMINAN's wholly-owned subsidiary, Ikta Sdn. Bhd., had been executed. This Announcement is dated 7 October 2013

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VASTALX - MATERIAL LITIGATION

Announcement Type: General Announcement

Company Name	VASTALUX ENERGY BERHAD
Stock Name	VASTALX
Date Announced	7 Oct 2013
Category	General Announcement
Reference No	CP-131004-61201

Type	Announcement
Subject	MATERIAL LITIGATION
Description	VASTALUX ENERGY BERHAD ("VEB" OR "THE COMPANY")
Further to the announcement dated 23 July 2013, the Board of Directors of VEB wishes to inform that the Company has received a notice pursuant to Section 218(2)(a) of the Companies Act, 1965 (“the Notice”) from Messrs Lee Hishamuddin Allen & Gledhill, the solicitors acting for RHB Bank Berhad (“RHB”) demanding the balance sum due and owing under a judgement dated 17 February 2012 obtained by RHB in the Court of Malaya for a sum of RM623,302.46 as at 31 August 2013, together with interest accruing thereon at the rate of 3.5% per annum above RHB’s Base Lending Rate, on monthly rest, from 1 September 2013 until the date of full and final settlement and costs of RM1,000.00.   VEB has been and is still having an on-going negotiations with RHB since the judgement was obtained, with a view to arrive at an amicable settlement of the matter. The Board of Directors of VEB has referred the matter to the Company’s solicitors and is seeking their advice on the Notice.   The Company will announce further developments on the above in due course. This announcement is dated 7 October 2013.

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HWGB - ACQUISITION OF 100% EQUITY INTEREST IN REX ORIENTAL SDN BHD ("ROSB") ("PROPOSED ACQUISITION")

Announcement Type: General Announcement

Company Name	HO WAH GENTING BERHAD
Stock Name	HWGB
Date Announced	7 Oct 2013
Category	General Announcement
Reference No	HW-131007-63912

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	TE-131003-55610
Subject	ACQUISITION OF 100% EQUITY INTEREST IN REX ORIENTAL SDN BHD (“ROSB”) (“PROPOSED ACQUISITION”)
Description	ACQUISITION OF 100% EQUITY INTEREST IN REX ORIENTAL SDN BHD (“ROSB”) (“PROPOSED ACQUISITION”)
Query Letter Contents	We refer to the Company's announcement dated 2 October 2013, 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:- 1. Details of the warranties, representations and indemnity provided by the Vendors to your Company. 2. Details of Orient Sun Motors Sdn Bhd ("OSM"), including but not limited to the authorised and issued paid-up share capital, date of incorporation, name of directors, major shareholders and their respective shareholdings. 3. Net profit and net assets of Rex Oriental Sdn Bhd and OSM based on the latest audited financial statements. 4. Background information of Hebei Zhongxing Automobile Co Ltd, China ("ZX Auto"), Zhejiang Jonway Automobile Co Ltd, China ("Jonway") and Shanghai Shenlong Bus Co Ltd, China ("Shanghai Shenlong") including but not limited to, date of incorporation. date of commencement of business, principal activity of company, name of directors, etc. 5. Types and model of all vehicles manufactured by ZX Auto. 6. Types and model of vehicles distributed by Jonway and Shanghai Shenlong. 7. Duration and expiry date of the distributorship right granted by Shanghai Shenlong to OSM. 8. Whether the completion of the Proposed Acquisition is conditional upon the renewal of the distributorship right. 9. Risk factors of the Proposed Acquisition in the event that the distributorship right is not renewed / extended. 10. Further elaboration on the following statements:- (i) "the intrinsic value of OSM such as the already established reputation in the local auto industry"; and (ii) "the existing business model and set-up with show room in Hicom Glenmarie Industrial Park". 11. Whether there is any management agreement between your Company and Mr Quek Wang in ensuring the business is operated successfully. 12. The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements. Page 2/- Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully HENG TECK HENG Head, Issuers Listing Division Regulation IJ/TEK c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax)
Refer to the Company's announcement dated 2 October 2013, kindly refer to the attached announcement on the reply to Bursa Malaysia's query letter dated 4 October 2013. This announcement is dated 7 October 2013.

Attachments Reply to query.pdf 137 KB

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