PETONE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT
| Company Name | PETROL ONE RESOURCES BERHAD |
| Stock Name | PETONE |
| Date Announced | 5 Apr 2013 |
| Category | General Announcement |
| Reference No | CS-130405-E9708 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT |
| Description | PETROL ONE RESOURCES BERHAD (“THE COMPANY” OR “PETONE”) - NOTICE OF TERMINATION & RECALL - BAI' BITHAMIN AJIL FACILITY UP TO USD17,600,000.00 GRANTED BY BANK MUAMALAT MALAYSIA BERHAD TO ONE PETROLEUM (L) LTD (INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY) |
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 3 April 2013 in relation to the PN1 announcement. Further to the announcements made on 11 March 2013, 13 March 2013, 3 April 2013, 4 April 2013 and pursuant to PN1 and PN17 of the Main LR of Bursa Securities, the Board of PETONE ("Board") wishes to announce that the details for items (iii) Business and Financial Implications and (iv) Solvency Declaration, as announced on 4 April 2013 should read as follows: (iii) Business and Financial Implications The management of PETONE is in the midst of discussions with BMMB to restructure and reschedule its financial commitment towards the repayment of the BBA Facility. Failing which, the default may materially affect the Group’s business operations. Further, save for the Demand Sum, the default will not have any material financial implications on PETONE.
This announcement is dated 5 April 2013. | |
GADANG - MEMORANDUM OF UNDERSTANDING
| Company Name | GADANG HOLDINGS BHD |
| Stock Name | GADANG |
| Date Announced | 5 Apr 2013 |
| Category | General Announcement |
| Reference No | GH-130405-38512 |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MEMORANDUM OF UNDERSTANDING BETWEEN GADANG HOLDINGS BERHAD AND CYBERVIEW SDN BHD |
Gadang Holdings Berhad ("Gadang") is pleased to announce that today, 5 April 2013, it had signed a Memorandum of Understanding ("MOU") with Cyberview Sdn Bhd ("Cyberview") to jointly undertake the development of Cyberview's K-Workers Housing Project ("Proposed Development"). Cyberview is the registered owner of land known as Block 20, Cyberjaya measuring approximately 121.31 acres which have been earmarked for the Proposed Development, comprising, inter alia, 2,500 residential units and 50 commercial units covering a total development area of 109.31 acres. With the signing of the MOU, Gadang and Cyberview ("the Parties") shall discuss, negotiate and finalise the commercial terms relating to the Proposed Development. The MOU shall be valid for a period of three (3) months from the date of its execution or until the MOU is being replaced by a definitive agreement between the Parties. The signing of the MOU will not have any effect on the issued and paid-up share capital and it will not have any material effect on the earnings and net assets of Gadang Group or on the shareholding of the substantial shareholders of Gadang. None of the Directors or major shareholders of Gadang and/or persons connected with them, has any interest, direct or indirect, in the MOU. | |
HWGB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 5 Apr 2013 |
| Category | General Announcement |
| Reference No | OS-130405-4C9FC |
| Type | Announcement | ||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING | ||||||
| Description | HO WAH GENTING BERHAD (“HWGB” OR “THE COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 53,728,400 NEW ORDINARY SHARES OF RM0.20 EACH IN HWGB TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”) | ||||||
Unless
otherwise defined in this announcement, all terms used herein shall have the
same meaning as those defined in the announcement dated 2 April 2013. Further to the announcements dated 2 April 2013 and 4 April 2013 in
relation to the Proposed Private Placement, M&A Securities Sdn Bhd on
behalf of the Board of HWGB wishes to announce the following amendments to the terms of the Proposed
Private Placement:
This announcement is dated 5 April 2013. | |||||||
LSTEEL - OTHERS ACQUISITION BY LEADER STEEL SDN BHD (“LSSB”), A WHOLLY OWNED SUBSIDIARY OF LEADER STEEL HOLDINGS BERHAD (“LSTEEL” OR THE “COMPANY”) FROM EONMETALL SYSTEMS SDN BHD (“ESSB”), OF A PARCEL OF INDUSTRIAL LAND TOGETHER WITH AN ALMOST COMPLETED SINGLE-STOREY DETACHED FACTORY WITH AN OFFICE ERECTED THEREON HELD UNDER TITLE NO. GRN 77765, LOT NO. 1596, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG (“THE PROPERTY”), FOR A CASH CONSIDERATION OF RM12,100,000.00 (“ACQUISITION”)
| Company Name | LEADER STEEL HOLDINGS BERHAD |
| Stock Name | LSTEEL |
| Date Announced | 5 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130405-62112 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION BY LEADER STEEL SDN BHD (“LSSB”), A WHOLLY OWNED SUBSIDIARY OF LEADER STEEL HOLDINGS BERHAD (“LSTEEL” OR THE “COMPANY”) FROM EONMETALL SYSTEMS SDN BHD (“ESSB”), OF A PARCEL OF INDUSTRIAL LAND TOGETHER WITH AN ALMOST COMPLETED SINGLE-STOREY DETACHED FACTORY WITH AN OFFICE ERECTED THEREON HELD UNDER TITLE NO. GRN 77765, LOT NO. 1596, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG (“THE PROPERTY”), FOR A CASH CONSIDERATION OF RM12,100,000.00 (“ACQUISITION”) |
(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcements in relation to the Acquisition dated 6 September 2012 and 14 September 2012.)
The Board of Directors of the Company wishes to announce that its wholly owned subsidiary LSSB had on 5 April 2013, reached an understanding with ESSB, to further extend the Extended Completion Period for the Acquisition by three (3) months commencing from the expiry of the Extended Completion Date of 27 April 2013, subject to the Company paying an interest at the rate of 6% per annum on the unpaid balance purchase price calculated on a daily basis. Following the above, the last date for settlement of the balance purchase price pursuant to the Acquisition will be 27 July 2013. This announcement is dated 5 April 2013.
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TRIUMPL - OTHERS TRIUMPHAL ASSOCIATES BHD ("TAS" or "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED SCR")
| Company Name | TRIUMPHAL ASSOCIATES BHD |
| Stock Name | TRIUMPL |
| Date Announced | 5 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130405-60881 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TRIUMPHAL ASSOCIATES BHD ("TAS" or "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED SCR") |
The Company wishes to announce that the Board of Directors of TAS has today received a letter dated 5 April 2013 from its major shareholder, Golden Power Holdings Sdn Bhd, requesting the Company to undertake a selective capital reduction and repayment exercise under Section 64 of the Companies Act, 1965 ("SCR Offer Letter"). The non-interested directors of TAS will deliberate on the Proposed SCR and decide on the next course of action. A further announcement on the same will be made in due course. Please refer to the SCR Offer Letter for further details on the Proposed SCR. This announcement is dated 5 April 2013.
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TRIUMPL - TRIUMPL-Resumption of Trading
| Company Name | TRIUMPHAL ASSOCIATES BHD |
| Stock Name | TRIUMPL |
| Date Announced | 5 Apr 2013 |
| Category | Listing Circular |
| Reference No | NM-130405-35330 |
LISTING'S CIRCULAR NO. L/Q : 67486 OF 2013
Further to Listing's Circular No. L/Q : 67478 of 2013, kindly be advised that trading in the above Company's shares will resume with effect from 9.00 a.m., Monday, 8 April 2013.
Your attention is drawn to the Company's announcement dated 5 April 2013.