MBSB - OTHERS Quarterly Financial Report pursuant to Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
| Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
| Stock Name | MBSB |
| Date Announced | 1 Aug 2014 |
| Category | General Announcement |
| Reference No | MB-140801-121CA |
| Type | Announcement |
| Subject | OTHERS |
| Description | Quarterly Financial Report pursuant to Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
We wish to inform that Malaysia Building Society Berhad ("MBSB") has scheduled to release its' financial results for the second quarter ended 30 June 2014 on Thursday, 14 August 2014 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 1 August 2014. | |
KINSTEL - OTHERS Kinsteel Bhd ("Kinsteel" or "Company") • Notice pursuant to Section 218 of the Companies Act, 1965
| Company Name | KINSTEEL BHD |
| Stock Name | KINSTEL |
| Date Announced | 1 Aug 2014 |
| Category | General Announcement |
| Reference No | CK-140731-50708 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Kinsteel Bhd ("Kinsteel" or "Company") • Notice pursuant to Section 218 of the Companies Act, 1965 |
(1) Date of presentation of the Notice Pursuant to Section 218 of the Companies Act, 1965 (“Act”) The Board of Directors of the Company wish to announce that following a Summary Judgement obtained by Nippon Oxygen Sdn Bhd on 30 May 2014, a Notice pursuant to Section 218 of the Companies Act, 1965 was served on the Company on 31 July 2014 by Messrs Rahmat Lim & Partners, Advocates & Solicitors acting for Nippon Oxygen Sdn Bhd (“Plaintiff”) demanding therein the payment of RM9,000,000.00, with interest to be calculated at 5% per annum from 30 May 2014 until the date of full and final settlement with cost of RM8,000.00. The Company is given 21 days from the date of service of the notice i.e. 31 July 2014 to settle the said outstanding amount failing which winding up proceedings is expected to be commenced against the Company. (2) The particulars of the claim under the Notice, including the amount claimed for and the interest rate The Plaintiff is demanding for: (a) sum of RM9,000,000.00; (b) interest on the sum of RM9,000,000.00 at the rate of 5% per annum from 30 May 2014 until the date of full and final settlement; and (c) costs in the sum of RM8,000.00; being the amount due and owing by Kinsteel to the Plaintiff pursuant to a summary judgement dated 30 May 2014. (3) Details of default or circumstances leading to the filing of the Notice against Kinsteel The Plaintiff is a creditor of Perwaja Steel Sdn Bhd (“PSSB”), a wholly-owned subsidiary of Perwaja Holdings Berhad, which in turn is a subsidiary of Kinsteel. PSSB has been granted an order pursuant to Section 176 (1) and 176 (10) of the Act by the High Court of Malaya in Kuala Lumpur on 29 October 2013 to restrain all further proceedings, and any and all actions or proceedings brought by any party including its scheme creditors for a period of nine (90) days effective from 29 October 2013 (“Order”). The Order was subsequently extended for a period of one hundred and eighty (180) days effective from 27 January 2014 and further extended for another period of one hundred and eighty (180) days effective from 25 July 2014 and expiring on 21 January 2015. In view of the Order, the Plaintiff then pursued a claim against Kinsteel based on a corporate guarantee issued by Kinsteel to the Plaintiff. On 30 May 2014, the Plaintiff obtained a summary judgement on the claim. Consequently, Kinsteel’s solicitors had on 10 June 2014 filed and served a Notice of Appeal to the Court of Appeal and the appeal has been fixed for case management on 5 August 2014. Pending the outcome of the appeal, Kinsteel did not settle the judgement sum of RM9,000,000.00, leading to the Notice being served on Kinsteel. (4) The financial and operational impact of the Notice on Kinsteel and its subsidiaries (“Group’) and the expected losses, if any, arising from the Notice Based on the legal advice sought, the Company believes that it has reasonably good grounds for a successful appeal. As such, the Notice is not expected to have any material financial and operational impact on the Group and the Company is not expected to incur any losses arising from the Notice. (5) Steps taken and proposed to be taken in respect of the Notice The Company has filed an appeal against the said Summary Judgement on 10 June 2014 and intends to vigorously contest the Summary Judgement by way of an appeal which is set for case management on 5 August 2014. The Company's solicitors shall file an Application pursuant to Section 44 of the Court of Judicature Act 1964 to restrain any action on the said Summary Judgement pending disposal of the appeal. 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 August 2014.
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CSL - OTHERS China Stationery Limited ("CSL" or the "Company") – Updates on the Incident of Fire
| Company Name | CHINA STATIONERY LIMITED |
| Stock Name | CSL |
| Date Announced | 1 Aug 2014 |
| Category | General Announcement |
| Reference No | CK-140801-65868 |
| Type | Announcement |
| Subject | OTHERS |
| Description | China Stationery Limited ("CSL" or the "Company") – Updates on the Incident of Fire |
As follow up to the announcements of the Company made on 8 April 2014, 6 May 2014 and 30 July 2014 pertaining to the fire incident, the Board of Directors wishes to inform that the Company, has on 25 July 2014 received the Police Investigation Report dated 23 July 2014, issued by the Fire Department of Police Authority, Hanjiang District, Putian, The People’s Republic of China pertaining to the fire incident occurred at the Company’s production plant on 4 April 2014. The Board also wishes to highlight as extracted from the Police Investigation Report, approximately 12,000 square metres, out of the total floor area of 16,500 square metres was gutted by the fire. The extent of loss arising from the fire incident is estimated at RMB332,734,796.76. As per the Police Investigation Report, it is concluded that the cause of the fire was due to electrical short circuit at a section of the production area of Plant No. 4. The ignited electrical cable fell on the easily inflammable semi-finished products kept within the production floor. No casualty or injuries had been reported. This announcement is dated 1 August 2014. | |
ECONBHD - OTHERS Award of Contract for Earthwork, Piling, Contiguous Bored Pile Walling and Basement Substructure Works of a Mixed Residential and Commercial Property Development Project at Lot 242, Seksyen 63, Kuala Lumpur, Wilayah Persekutuan
| Company Name | ECONPILE HOLDINGS BERHAD |
| Stock Name | ECONBHD |
| Date Announced | 1 Aug 2014 |
| Category | General Announcement |
| Reference No | CK-140801-62435 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Award of Contract for Earthwork, Piling, Contiguous Bored Pile Walling and Basement Substructure Works of a Mixed Residential and Commercial Property Development Project at Lot 242, Seksyen 63, Kuala Lumpur, Wilayah Persekutuan |
The Board of Directors of Econpile Holdings Berhad ("Econpile" or "the Company") is pleased to announce that its wholly-owned subsidiary, Econpile (M) Sdn. Bhd. ("EMSB") has on 31 July 2014, received a Letter of Award dated 23 July 2014 from I-Marcom Sdn. Bhd. to undertake earthwork, piling, contiguous bored pile walling and basement substructure works of a mixed residential and commercial property development project at Lot 242, Seksyen 63, Kuala Lumpur, Wilayah Persekutuan (the "Contract"). Details of the full announcement is attached herewith. This announcement is dated 1 August 2014. | |
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