Further details of the Proposed Disposal are set out in the ensuing sections.
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1 WZ SATU BERHAD ( WZ SATU OR THE COMPANY ) PROPOSED DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF WENG ZHENG TRADING SDN BHD ( WZ TRADING ) TO TAN JING XIN ( PURCHASER ) FOR A CASH CONSIDERATION OF RM22,800,000 ( DISPOSAL CONSIDERATION ) ( PROPOSED DISPOSAL ) 1. INTRODUCTION On behalf of the Board of Directors of the Company ( Board ), Hong Leong Investment Bank Berhad ( HLIB ) wishes to announce that the Company has on 22 August 2017, entered into a conditional share sale agreement ( SSA ) for the proposed disposal of the entire issued share capital of WZ Trading, a wholly-owned subsidiary of the Company, comprising 2,000,000 ordinary shares ( Sale Shares ) to the Purchaser for a cash consideration of RM22,800,000. Further details of the Proposed Disposal are set out in the ensuing sections. 2. DETAILS OF THE PROPOSED DISPOSAL 2.1 Proposed Disposal The Proposed Disposal entails the disposal by WZ Satu to the Purchaser of the entire issued share capital of WZ Trading for the Disposal Consideration, upon the terms and subject to the conditions of the SSA. 2.2 Information on WZ Trading WZ Trading was incorporated in Malaysia on 27 May 1996 under the Companies Act, 1965 as a limited liability company under its present name. The principal activity of WZ Trading is that of dealers in steel products. As at 21 August 2017, being the latest practicable date prior to this announcement ( LPD ), the total issued share capital of WZ Trading is RM2,000,000 comprising 2,000,000 ordinary shares, all of which have been issued and fully paid. WZ Trading is a wholly owned subsidiary of the Company. As at the LPD, WZ Trading does not have any subsidiary or associate company. The directors of WZ Trading as at the LPD are YM Tengku Dato Sri Uzir bin Tengku Dato Ubaidillah and Ng Chong Tin. A summary of the financial information of WZ Trading for the 16-month financial period ended ( FPE ) 31 August 2014, and 2 financial years ended ( FYEs ) 31 August 2015 and 31 August 2016 is set out in Appendix I of this announcement. 2.3 Information on the Purchaser Tan Jing Xin, a Malaysian aged 26, is a major shareholder of WZ Satu and the daughter of Tan Ching Kee, a former Senior Executive Director of WZ Satu who passed away on 27 February Tan Ching Kee was previously responsible for the steel division of WZ Satu and its subsidiaries (collectively, the Group ) prior to his demise. 1
2 2.4 Salient terms of the SSA The salient terms of the SSA are as follows: Basis of Sale Shares The Sale Shares are sold free from all claims, liens, charges and encumbrances and with full legal and beneficial title; and with all rights attaching thereto (including all dividends and distributions, whether declared or undeclared, in respect thereof), with effect from the completion of the SSA, save and except for the restrictions and limitation arising from or related to a share charge to be created as referred to in Section 2.4(v) of this announcement. Condition precedent The Proposed Disposal is conditional upon the approval of the shareholders of WZ Satu for the disposal of the Sale Shares in accordance with the terms and conditions of the SSA being obtained within 6 months from the date of the SSA, or such later date as WZ Satu may in its sole and absolute discretion agree upon ( Cut-Off Date ). (iii) Right to terminate if the condition precedent of the SSA cannot be obtained/fulfilled If the condition precedent as set out in Section 2.4 of this announcement is not obtained/fulfilled by the Cut-Off Date, either party may terminate the SSA by notice in writing, whereupon WZ Satu shall refund and repay to the Purchaser all money paid by the Purchaser towards the Deposit (as defined to in Section 2.4(iv)(a) below) together with any interest accrued. (iv) Manner of payment of the Disposal Consideration The Disposal Consideration will be satisfied by the Purchaser in cash, in the following manner:- (a) (b) upon the execution of the SSA, a sum of RM2,280,000 has been paid by the Purchaser to WZ Satu as deposit and part payment of the Disposal Consideration ( Deposit ); and RM20,520,000 being the remainder of the Disposal Consideration ( Post- Completion Sum ), shall be paid by the Purchaser to WZ Satu within 18 months from the date of the SSA ( Payment Date ). (v) Security for settlement of Post-Completion Sum The obligation of the Purchaser in respect of the settlement of the Post-Completion Sum on or before the Payment Date shall be secured by a share charge, pursuant to which the Purchaser will charge all present and future ordinary and preference shares in WZ Trading and all their related rights in favour of WZ Satu by way of first fixed charge with effect from the completion of the SSA until the full payment of the Post- Completion Sum. (vi) Completion Completion of the sale and purchase of the Sale Shares shall take place at the business office of WZ Satu on the business day after the condition precedent has been obtained/fulfilled, or such other date as may be agreed upon between the parties to the SSA ( Completion Date ). 2
3 (vii) Settlement of inter-company debts The parties agree that the Disposal Consideration has been arrived at on the basis that WZ Trading is or shall within 7 business days following the Completion Date, be free of any claims, debts or liabilities relating to loans or hire purchase facilities procured by WZ Trading for the benefit of its related companies, which as at 30 June 2017, amount to an aggregate sum of RM2,714, ( Net Amount Owing ). WZ Satu undertakes to procure the repayment of the Net Amount Owing and ensure that the Net Amount Owing is fully settled within 7 business days following the Completion Date. (viii) Tenancy (a) (b) The Purchaser agrees to procure WZ Trading to grant to WZ Satu, with effect from the date of the SSA, a tenancy of such part of property held by WZ Trading, to be utilised and occupied by the Group for offices and/or warehouse purposes and other commercial purposes, for a period of 3 years commencing from the date of the SSA ( Tenancy ), subject to 2 options to extend the term of the Tenancy (each option to renew the term for one-year period), in accordance with the terms of a tenancy agreement. The rental payable by WZ Satu for the Tenancy shall be payable by reference to the amount of Post-Completion Sum actually settled by the Purchaser to WZ Satu, whereby the rental payable on a monthly basis shall be computed in accordance with the following formula: Monthly rental payable = RM18.60 x A x B 20,520,000 Where: A is the total area occupied (in square metres) (1) ; and B is the aggregate amount of Post-Completion Sum actually paid by the Purchaser to WZ Satu in accordance with the terms of the SSA, at any point in time (in RM). (ix) Termination of the SSA (a) (b) Each party to the SSA shall be entitled to issue a notice of termination to the other party, if, at any time prior to the completion of the SSA, the other party commits any continuing or breach of any of the obligations under the SSA which is incapable of remedy or if capable of remedy, is not remedied within 14 days of it being given notice so to do, or amongst others, a winding up or insolvency events occurs, or any warranties, representations and undertakings given by the other party under the SSA is found at any time to be untrue or inconsistent. If the SSA is terminated by the Purchaser and the Purchaser elects not to pursue the remedy of specific performance, WZ Satu shall return and procure WZ Trading to the Purchaser all documents delivered to it, refund and repay to the Purchaser any and all moneys (including the Deposit) received towards account of the Disposal Consideration held by or on behalf of WZ Satu together with any interest accrued thereon (if any), and pay a sum equivalent to the Deposit as agreed liquidated damages to the Purchaser. (1) The total area that is occupied by WZ Satu is 2,851 square metres. 3
4 (c) If the SSA is terminated by WZ Satu and WZ Satu elects not to pursue the remedy of specific performance, the Deposit shall be absolutely forfeited in favour of WZ Satu as agreed liquidated damages and the Purchaser shall return to WZ Satu all documents delivered to her by or on behalf of WZ Trading or WZ Satu. (x) Covenants pending payment of Post-Completion Sum The Purchaser undertakes to procure that WZ Trading shall carry on its business as a going concern from the Completion Date until the Purchaser s full settlement of the Post-Completion Sum, and during such period shall (a) (b) (c) (d) be subject to certain restrictive covenants relating to carrying out acts and undertakings outside the ordinary course of business as detailed in the SSA and ensure that WZ Trading settles its debts incurred in the course of its business; procure and ensure that person(s) nominated by WZ Satu be appointed and remained as director(s) of WZ Trading and such person(s) shall hold office as director(s) of WZ Trading for such term as may be determined by WZ Satu and shall not be subject to retirement by rotation; procure and ensure that all meetings and all resolutions to be passed by the Board be passed with unanimous resolution or unanimous votes, with at least a director nominated by WZ Satu; and procure that WZ Trading s bank accounts be operated in accordance with the instructions of both WZ Satu and the Purchaser, and jointly managed by persons designated by both WZ Satu and the Purchaser. 2.5 Basis and justification of arriving at the Disposal Consideration The Disposal Consideration was arrived at on a willing-buyer willing-seller basis, after taking into consideration the audited net assets ( NA ) of WZ Trading as at 31 August 2016 of RM11.44 million. In justifying the Disposal Consideration, the Board has taken into consideration, among others, the following: (iii) the rationale of the Proposed Disposal as set out in Section 4 of this announcement; the price-to-book ratio ( PBR ) of 1.99 times based on the audited NA of WZ Trading as at 31 August 2016 of approximately RM11.44 million, which is above the range of trading PBR of companies listed on Bursa Malaysia Securities Berhad ( Bursa Securities ) that are involved in similar activities but not directly comparable with WZ Trading due to, among others, composition and geographical coverage of business activities, scale of operations, reputation, profit track record, financial strength, risk profile, asset base and future prospects ( Comparable Companies ) of between 0.53 times and 0.94 times as at the LPD; and a price-to-earnings ratio ( PER ) of times based on the audited profit after tax of WZ Trading for the FYE 31 August 2016 of approximately RM0.63 million, which is above the range of trading PER of Comparable Companies of between 8.79 times and times as at the LPD. 4
5 2.6 Date and original cost of investment The dates and original cost of investment in WZ Trading are set out below: Date of investment Cost of investment (RM) 6 November ,766, January ,998 Total 8,726, Liabilities to be assumed by the Purchaser There are no other liabilities including contingent liabilities and guarantees of WZ Trading to be assumed by the Purchaser pursuant to the Proposed Disposal. 3. UTILISATION OF PROCEEDS The gross proceeds of RM22.8 million arising from the Proposed Disposal are intended to be utilised in the following manner: Details of utilisation RM 000 Expected timeframe of utilisation of proceeds from the receipt of the full Disposal Consideration Working capital 22,300 Within 24 months Estimated expenses for the Proposed Disposal 500 Within 1 month 22,800 The details of the utilisation of proceeds are as follows: Working capital The net proceeds arising from the Proposed Disposal are expected to be utilised for the working capital requirements of the Group s existing and future projects to support the Group s growth via the expansion of its businesses. Such working capital requirements may include payment of trade and other payables, employees salaries, wages and directors emoluments, selling, distribution and marketing expenses as well as other day-to-day operating expenses of the Group. The breakdown of the proceeds to be utilised for each component of working capital is dependent on the operating requirements of the Group at the time of utilisation and has not been determined at this juncture. Estimated expenses for the Proposed Disposal The estimated expenses of RM500,000 relating to the Proposed Disposal comprise professional fees, fees payable to the relevant authorities, expenses to convene the extraordinary general meeting ( EGM ) in relation to the Proposed Disposal, printing, advertisement and other ancillary expenses. In the event the actual expenses incurred are higher/lower than budgeted, the deficit/surplus will be funded from/contributed to the portion allocated for working capital. 5
6 4. RATIONALE FOR THE PROPOSED DISPOSAL The financial performance of WZ Trading has been lacklustre, with the company incurring net losses of RM0.12 million and RM1.53 million for the 16-month FPE 31 August 2014 and the FYE 31 August 2015 respectively. Although its financial performance improved slightly to deliver a marginal net profit of RM0.63 million for the FYE 31 August 2016, WZ Trading recorded poor return on equity and return on assets at 5.5% and 2.2% respectively for the said financial year. The Board is of the view that the business of WZ Trading remains challenging with limited growth potential going forward. The Proposed Disposal is in line with the Company s ongoing strategy to rationalise its investments to allow the Group to deploy its resources more efficiently to grow the other existing core businesses of the Group. WZ Trading contributed approximately 7.91% and 8.96% to the Group s revenue for the financial years ended 31 August 2015 and 31 August 2016 respectively. Its disposal is not expected to have any material effect on the Group s remaining business operations. The Proposed Disposal allows the Company to realise its investment in WZ Trading at a reasonable price. In addition, the proceeds from the Proposed Disposal will strengthen the Group s liquidity and cash position, and provide it with additional working capital for the Group s existing and future projects. Following the completion of the Proposed Disposal, the Group will re-divert its resources to focus on the growth of its other core businesses. 5. RISK FACTORS The risk factors in relation to the Proposed Disposal (which may not be exhaustive) are as follows: 5.1 Delay or non-completion of the Proposed Disposal The Proposed Disposal is conditional upon the approval of the shareholders of WZ Satu for the disposal of the Sale Shares in accordance with the terms and conditions of the SSA being obtained/fulfilled by the Cut-Off Date. There is no assurance that the Proposed Disposal can be completed as contemplated under the SSA. Any delay in fulfilling the conditions precedent or failure to obtain the necessary approvals on terms that are acceptable to both parties, if any may lead to a delay in the completion or termination of the SSA. 5.2 Non-settlement of the Post-Completion Sum Pursuant to the SSA, the Post-Completion Sum of RM20.52 million or 90% of the Disposal Consideration shall constitute a debt due and owing by the Purchaser to WZ Satu which is payable by the Purchaser to WZ Satu within 18 months from the date of the SSA. However, there is no assurance that the Post-Completion Sum will be settled within the timeframe stipulated under the SSA. As security for the settlement of the Post-Completion Sum, pursuant to the SSA, the Purchaser shall charge all present and future ordinary and preference shares in WZ Trading held legally and beneficially by the Purchaser and all their related rights in favour of WZ Satu by way of first fixed charge with effect from the completion of the SSA until the full payment of the Post-Completion Sum. In the event the Purchaser fails to pay the Post-Completion Sum by the Payment Date, WZ Satu may dispose of or realise all or any part of the shares and apply the sales proceeds towards the settlement of the Post-Completion Sum and costs incurred. 6
7 In addition, the Purchaser has undertaken to, amongst others, procure that WZ Trading shall carry on its business as a going concern and be subject to certain restrictive covenants until the full settlement of the Post-Completion Sum, and furthermore agreed that WZ Satu will continue to have board representation and certain oversight over WZ Trading to ensure that its interest in the Post-Completion Sum is protected, in the form manner set out in Section 2.4(x) of this announcement. Furthermore, the monthly rental payable by WZ Satu to the Purchaser for the Tenancy will be adjusted proportionately to the aggregate amount of Post-Completion Sum actually settled by the Purchaser to WZ Satu, details of which are set out in Section 2.4(viii)(b) of this announcement. 6. EFFECTS OF THE PROPOSED DISPOSAL 6.1 Issued share capital and substantial shareholders shareholdings The Proposed Disposal will not have any effect on the issued share capital and shareholdings of the substantial shareholders of the Company as the Proposed Disposal does not involve any issuance of new ordinary shares in WZ Satu ( Shares ). 6.2 NA and gearing Based on the latest audited consolidated financial statements of WZ Satu for the FYE 31 August 2016, the proforma effects of the Proposed Disposal on the consolidated NA and gearing of WZ Satu are set out below: As at 31 August 2016 Pro forma I Pro forma II Pro forma III (RM 000) (RM 000) (RM 000) (RM 000) Share capital 167, , , ,659 Share premium 57, Revaluation reserve 5,036 5,036 5,036 3,328 Retained earnings 65,458 65,458 65,198 77,771 NA 295, , , ,758 Number of Shares in issue ( 000) 335, , , ,286 NA per Share (RM) Total borrowings (RM 000) 96,213 96,213 96,213 89,073 Gearing ratio (times)
8 Pro forma I: Pro forma II: Pro forma III: After adjustments for issuance of 13,006,800 new Shares pursuant to the exercise of outstanding warrants 2014/2024 of the Company from 1 September 2016 up to the LPD at the exercise price of RM0.50 each and the reclassification of share premium account to share capital account pursuant to the Companies Act, After pro forma (I) and taking into account the effects of the acquisition by WZ Satu of the entire equity interest of Cekap Semenanjung Sdn Bhd from Tan Sri Kong Hon Kong and Kong Yew Foong (as vendors) for a purchase consideration of RM30.0 million to be satisfied entirely via the issuance of 29,411,764 new Shares at an issue price of RM1.02 each to the vendors upon the Master En-Bloc Purchase Agreement dated 18 March 2016 (entered into between PR1MA Corporation Malaysia, Sinergi Dayang Sdn Bhd and Barisan Arena Sdn Bhd) becoming unconditional in accordance with its terms by 4 November 2017, or such extended period as may be mutually agreed by WZ Satu and the vendors. After (II) and the Proposed Disposal 6.3 Earnings and earnings per share ( EPS ) Based on the latest audited consolidated financial statements of WZ Satu for the FYE 31 August 2016 and assuming that the Proposed Disposal had been effected on 31 August 2016, the Group is expected to realise a net gain on disposal of approximately RM10.87 million, which represents an EPS of approximately 3.30 sen, based on the weighted average number of 329,648,000 Shares. Upon completion of the Proposed Disposal, WZ Trading, which contributed 2.75% or RM634,000 to the consolidated profit after tax of WZ Satu for the FYE 31 August 2016, will cease to contribute to the Group after the completion of the SSA. Nonetheless, the proceeds arising from the Proposed Disposal are expected to contribute positively to the future earnings and EPS of the Group arising from the proposed utilisation of proceeds as set out in Section 3 above. As the Proposed Disposal is expected to be completed in the first half of 2018, the Proposed Disposal is not expected to have a material effect on the earnings of the Group for the financial year ending 31 August APPROVALS REQUIRED The Proposed Disposal is subject to approvals being obtained from the following: Shareholders of WZ Satu for the Proposed Disposal at an EGM to be convened; and Any other relevant authorities/parties, if required. The Proposed Disposal is not conditional upon any other proposals undertaken or to be undertaken by the Company. 8. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM The Purchaser, Tan Jing Xin, is a major shareholder of WZ Satu ( Interested Major Shareholder ). As such, she is deemed interested in the Proposed Disposal. She will abstain from voting in respect of her direct and/or indirect shareholdings in WZ Satu, and has undertaken to ensure that persons connected to her will abstain from voting in respect of their respective direct and/or indirect shareholdings in WZ Satu, if any, on the resolution pertaining to the Proposed Disposal to be tabled at the forthcoming EGM. 8
9 Tan Chong Boon, a director of WZ Satu and Ng Chong Tin, the alternate director to Tan Chong Boon, who are both uncles of the Purchaser, have voluntarily abstained and will continue to abstain from all deliberations and voting at the relevant Board meetings of WZ Satu in respect of the Proposed Disposal in order to mitigate any potential conflict of interest situation. They have also opted to abstain from voting and has undertaken to ensure that persons connected with them will abstain from voting in respect of their direct and/or indirect shareholdings, if any, on the resolution pertaining to the Proposed Disposal to be tabled at the forthcoming EGM to be convened. Save as disclosed above, none of the directors and/or major shareholders of WZ Satu and/or persons connected with them have any interest, direct or indirect, in the Proposed Disposal. 9. HIGHEST PERCENTAGE RATIO Based on the Disposal Consideration, the highest percentage ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) of the Listing Requirements of Bursa Securities ( Listing Requirements ) is 7.7%. The Proposed Disposal is not expected to result in the Company becoming a Cash Company or a PN17 Issuer (as defined under the Listing Requirements). 10. RELATED PARTY TRANSACTIONS There were no related party transactions between the Group and the Interested Major Shareholder (including persons connected with her) for the 12 months preceding the date of this announcement: 11. ADVISERS HLIB has been appointed as the Adviser in relation to the Proposed Disposal. In view that the Proposed Disposal is deemed a related party transaction pursuant to Paragraph of the Listing Requirements, KAF Investment Bank Berhad has been appointed as the Independent Adviser to advise the non-interested directors and the noninterested shareholders of the Company as to whether the Proposed Disposal is fair and reasonable so far as the non-interested shareholders are concerned, and whether the Proposed Disposal is to the detriment of the non-interested shareholders of the Company. 12. DIRECTORS STATEMENT The Board (save for Tan Chong Boon and Ng Chong Tin who have voluntarily abstained from all deliberations on the Proposed Disposal), having considered and deliberated on all aspects of the Proposed Disposal, including the rationale for and the effects of the Proposed Disposal, and after taking into consideration the preliminary opinion of the Independent Adviser, is of the opinion that the Proposed Disposal is in the best interest of WZ Satu. 13. AUDIT COMMITTEE S STATEMENT The Audit Committee of WZ Satu, after having considered all aspects of the Proposed Disposal, is of the view that the Proposed Disposal is: in the best interest of the Company; fair and reasonable and on normal commercial terms; and 9
10 (iii) not detrimental to the interests of the non-interested shareholders of the Company. In arriving at the above view, the Audit Committee had taken into consideration, among others, the following: (iii) (iv) the terms and conditions of the SSA; the preliminary opinion of the Independent Adviser; the basis of arriving at the Disposal Consideration; and the rationale, benefits and financial effects of the Proposed Disposal. 14. ESTIMATED TIMEFRAME FOR APPLICATION TO THE RELEVANT AUTHORITIES AND COMPLETION Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the first half of DOCUMENTS AVAILABLE FOR INSPECTION A copy of the SSA will be made available for inspection at the Company s registered office at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, Kuala Lumpur during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 22 August
11 APPENDIX I SUMMARY FINANCIAL INFORMATION OF WZ TRADING A summary of the audited financial information of WZ Trading for the 16-month FPE 31 August 2014, FYE 31 August 2015 and FYE 31 August 2016 are set out below: 16-month FPE 31 August 2014 (1) FYE 31 August RM 000 RM 000 RM 000 Revenue 53,396 31,496 36,864 Profit/(Loss) before tax (106) (1,618) 712 Profit/(Loss) after tax (118) (1,526) 634 Share capital 2,000 2,000 2,000 Net earnings/(loss) per share (2) (0.06) (0.76) 0.32 NA 12,500 10,801 11,435 Total borrowings 10,024 9,928 7,140 NA per share (RM) Current ratio (times) Gearing ratio (3) (times) Notes: (1) WZ Trading changed its financial year end from 30 April to 31 August. (2) Computed based on profit / (loss) after tax divided by total number of ordinary shares in issue. (3) Computed based on total borrowings divided by NA. Commentary FYE 31 August 2015 compared to 16-months FPE 31 August 2014 For the FYE 31 August 2015, WZ Trading recorded lower revenue of RM31.50 million, which represented a decrease of RM8.55 million or 21.35% from an annualised revenue of RM40.05 million for the 16-month FPE 30 April The decrease in revenue was mainly due to lower selling prices and lower sale volume of various steel products as a result of softer market demand. WZ Trading posted a higher loss before tax of RM1.62 million for the FYE 31 August 2015, which represented an increase of RM1.54 million or 1925% from the annualised loss before tax of RM0.08 million for the 16-month FPE 31 August The significant increase in losses before tax was mainly due to lower profit margin of products, write down in value of inventories and higher operating expenses. FYE 31 August 2016 compared to FYE 31 August 2015 WZ Trading s revenue increased by RM5.36 million or 17.02% from RM31.50 million for the FYE 31 August 2015 to RM36.86 million for the FYE 31 August The increase in revenue was mainly due to higher average selling prices attributable to improved market condition. WZ Trading recorded a profit before tax amounting to RM0.71 million for the FYE 31 August 2016 as compared to a loss before tax of RM1.62 million for the FYE 31 August The profit before tax recorded was mainly due to improvement in the profit margin of products attributable to improved market condition and better operational efficiency. 11
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More informationDAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR THE "COMPANY")
DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR THE "COMPANY") PROPOSED DISPOSAL BY DAYANG OF 1,800,000 ORDINARY SHARES OF RM1.00 EACH IN SYARIKAT BORCOS SHIPPING SDN BHD ("BORCOS"), REPRESENTING 40% OF THE
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General Announcement (Amended) Company Name : STONE MASTER CORPORATION BERHAD Stock Name : STONE Date Announced : 21 st June 2016 Type Subject : OTHERS : STONE MASTER CORPORATION BERHAD ( SMCB OR THE DEBTOR
More information1.0 INTRODUCTION 2.0 INFORMATION ON DTSB, FHSB AND THE VENDORS 2.1 DTSB
DATASONIC GROUP BERHAD ( DATASONIC ) - SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT BETWEEN DATASONIC TECHNOLOGIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DATASONIC, HKS PRIMATRIX SDN BHD, HABIBUL RAHMAN
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MUAR BAN LEE GROUP BERHAD ( MBL OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES OF MBL 1. INTRODUCTION On behalf of the Board of Directors of MBL ( Board ), Inter-Pacific
More informationFurther details on the Proposals are set out in the ensuing sections.
MALAYSIA STEEL WORKS (KL) BHD ( MASTEEL OR THE COMPANY ) (I) (II) PROPOSED PRIVATE PLACEMENT OF UP TO 24,450,800 NEW ORDINARY SHARES IN MASTEEL ( MASTEEL SHARE(S) OR SHARE(S) ), REPRESENTING UP TO 10%
More informationTO EXTREME RICHES SDN BHD ( EXTREME RICHES OR THE PURCHASER )
YONG TAI BERHAD ( YTB OR THE COMPANY ) PROPOSED DISPOSALS BY YTB OF ITS 100% EQUITY INTEREST IN: i) YUTA REALTY SDN BHD ( YUTA ) FOR A CASH CONSIDERATION OF RM300,000; ii) YONG TAI SAMCHEM SDN BHD ( YTSM
More informationDetails of the Proposed Acquisition are set out in the ensuing sections.
POWER ROOT BERHAD ( POWER ROOT OR THE COMPANY ) PROPOSED ACQUISITION 1. INTRODUCTION On behalf of the Board of Directors of Power Root ("Board"), RHB Investment Bank Berhad ("RHBIB") is pleased to announce
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RADIANT GLOBALTECH BERHAD ( RADIANT GLOBALTECH OR THE COMPANY ) (I) PROPOSED ACQUISITION OF 650,000 ORDINARY SHARES IN INFOCONNECT COMMERCE SDN. BHD. ( ICSB ), REPRESENTING THE ENTIRE EQUITY INTEREST,
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IRIS CORPORATION BERHAD ( IRIS OR COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED SHARE CAPITAL OF IRIS ( PROPOSED PRIVATE PLACEMENT ) 1. INTRODUCTION On behalf of the Board
More informationDetails. Title No./ Lot No. : Lot No. 1749, Mukim Tangga Batu, Daerah Melaka Tengah, Negeri Melaka held under PN 16988
SEACERA GROUP BERHAD ( SGB OR COMPANY ) PROPOSED ACQUISITION OF LAND KNOWN AS LOT 1749, MUKIM TANGGA BATU, DAERAH MELAKA TENGAH, NEGERI MELAKA AND HELD UNDER PN 16988 TOGETHER WITH THE BUILDING ERECTED
More informationGADANG HOLDINGS BERHAD ( GADANG OR THE COMPANY ) PROPOSED SHARE SPLIT; PROPOSED BONUS ISSUE OF SHARES; PROPOSED BONUS ISSUE OF WARRANTS;
GADANG HOLDINGS BERHAD ( GADANG OR THE COMPANY ) (I) (II) (III) (IV) (V) (VI) PROPOSED SHARE SPLIT; PROPOSED BONUS ISSUE OF SHARES; PROPOSED BONUS ISSUE OF WARRANTS; PROPOSED ESOS; PROPOSED INCREASE IN
More informationUnless otherwise stated, the exchange rate for the purpose of this Announcement is assumed to be SGD1.00 : RM
Page 1 of 8 PARKSON HOLDINGS BERHAD ( PHB OR THE COMPANY ) PROPOSED INTERNAL REORGANISATION OF PHB S GROUP STRUCTURE WHICH ENTAILS THE PROPOSED DISPOSAL OF THE ENTIRE 67.6% EQUITY INTEREST IN PARKSON RETAIL
More informationFurther details on the Proposed Bonus Issue are set out in the ensuing sections.
( HUA YANG OR THE COMPANY ) OF 88,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HUA YANG ( BONUS SHARE(S) ) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN DGSB
DIVERSIFIED GATEWAY SOLUTIONS BERHAD ( DGSB OR COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN DGSB 1. INTRODUCTION On behalf of the Board of Directors of DGSB ( Board
More informationa shareholders agreement with Lum Jiann Wei ( LJW ) and Koo Kim Guan ( KKG ) ( Shareholders Agreement ); a call option agreement with LJW; and
PARLO BERHAD (FORMERLY KNOWN AS CYBERTOWERS BERHAD) ( PARLO OR COMPANY ) PROPOSED SUBSCRIPTION OF 350,000 NEW ORDINARY SHARES IN TRAVEL IDEAS ONLINE SDN BHD WHICH WOULD RESULT IN TRAVEL IDEAS ONLINE SDN
More informationEffective interest. Principal activities 100% Manufacture and sale of fibre cement products
HONG LEONG INDUSTRIES BERHAD ( HLI OR COMPANY ) I. PROPOSED DISPOSALS II. PROPOSED CAPITAL DISTRIBUTION (COLLECTIVELY, THE PROPOSALS ) 1. INTRODUCTION 1.1 On behalf of HLI, Hong Leong Investment Bank Berhad
More informationFurther details on the Proposed Bonus Issue are set out in the ensuing sections.
MALAYSIA STEEL WORKS (KL) BHD ( MASTEEL OR THE COMPANY ) PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL ( MASTEEL SHARE(S) OR SHARE(S) ) ( BONUS SHARE(S) ) ON THE BASIS OF 1 BONUS
More informationReference is made to the announcements made by Perisai on 9 December 2016 in relation to the following:
PERISAI PETROLEUM TEKNOLOGI BHD ( PERISAI OR THE COMPANY ) PROPOSED SETTLEMENT AGREEMENT IN RESPECT OF THE DISPUTES ARISING FROM OR IN CONNECTION WITH THE SHARE SALE AGREEMENT DATED 30 NOVEMBER 2012 (
More information(i) the issued share capital of Hartalega is RM881,541,684 comprising 1,652,905,014 Hartalega Shares; and
HARTALEGA ( HARTALEGA OR THE COMPANY ) PROPOSED BONUS ISSUE 1. INTRODUCTION On behalf of the Board of Directors of Hartalega ( Board ), RHB investment Bank Berhad ( RHB Investment Bank ) wishes to announce
More informationFurther details of the Proposed Disposal Mandate are set out in the ensuing sections.
VERSATILE CREATIVE BERHAD ( VCB OR THE COMPANY ) PROPOSED SHAREHOLDERS MANDATE FOR THE DISPOSAL OF 98,424,033 ORDINARY SHARES IN IRIS CORPORATION BERHAD ( ICB ) ( ICB SHARES ), REPRESENTING 3.98% EQUITY
More informationBURSA MALAYSIA BERHAD ( BMB OR COMPANY )
BURSA MALAYSIA BERHAD ( BMB OR COMPANY ) (I) PROPOSED BONUS ISSUE OF UP TO 269,834,150 NEW ORDINARY SHARES IN BMB ( BMB SHARES ) ( BONUS SHARES ) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING
More informationNo. of Sale Shares to be acquired. % of the Vendors
FOUNDPAC GROUP BERHAD ( FPG OR COMPANY ) - PROPOSED ACQUISITION OF 187,500 ORDINARY SHARES, REPRESENTING 75% EQUITY INTEREST IN DYNAMIC STENCIL SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM16.50 MILLION.
More informationFurther details of the Proposed Share Capital Reduction are set out in the ensuing sections.
KEY ASIC BERHAD ( KEY ASIC OR THE COMPANY ) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF KEY ASIC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ( ACT ) ( PROPOSED SHARE CAPITAL REDUCTION ) 1.
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SUNSURIA BERHAD ( SUNSURIA OR THE COMPANY ) ACQUISITION BY SUNSURIA OF THE EQUITY INTERESTS IN SUNSURIA FORUM SDN BHD (FORMERLY KNOWN AS SUNSURIA (MM2H) SDN BHD) ( SFSB ) 1. INTRODUCTION The Board of Directors
More information(collectively referred to as the Maximum Scenario ).
YNH PROPERTY BERHAD ( YNH OR THE COMPANY ) (I) (II) (III) PROPOSED BONUS ISSUE; PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS PROPOSALS ) 1. INTRODUCTION
More informationDESTINI BERHAD ("DESTINI" OR "THE COMPANY") - Proposed Disposal of 51.92% Equity Interest in Green Pluslink Sdn Bhd
DESTINI BERHAD ("DESTINI" OR "THE COMPANY") - Proposed Disposal of 51.92% Equity Interest in Green Pluslink Sdn Bhd 1. INTRODUCTION The Board of Directors of Destini wishes to announce that Destini had
More informationGENERAL ANNOUNCEMENT. Stock Code : 2771 Date Announced : 6 JULY : Announcement : BOUSTEAD HOLDINGS BERHAD ( BHB )
GENERAL ANNOUNCEMENT Company Name : BOUSTEAD HOLDINGS BERHAD Stock Name : BSTEAD Stock Code : 2771 Date Announced : 6 JULY 2011 Type Subject : Announcement : BOUSTEAD HOLDINGS BERHAD ( BHB ) 1. INTRODUCTION
More informationFurther details on the Proposed Bonus Issue are set out in the following sections.
HUA YANG BERHAD ( HYB OR THE COMPANY ) PROPOSED BONUS ISSUE OF 18,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HYB ( HYB SHARE(S) OR SHARE(S) ) ( BONUS SHARE(S) ) ON THE BASIS OF ONE (1) BONUS SHARE FOR
More informationThe Split Shares will, upon allotment and issuance, rank pari passu in all respects with each other.
EXCEL FORCE MSC BERHAD ( EFORCE OR THE COMPANY ) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN EFORCE ( EFORCE SHARES ) INTO 2 ORDINARY SHARES IN EFORCE ( SPLIT SHARES
More informationThe salient terms and conditions of the Proposed SIS, which are governed by the By-Laws are set out as below:
MUHIBBAH ENGINEERING (M) BHD ( MEB OR THE COMPANY ) PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME ( SIS ) OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MEB (EXCLUDING TREASURY SHARES) AT
More informationThe Proposed Disposals comprise the following: the proposed disposal by SRB of its entire 49% equity interest in APU
SAPURA RESOURCES BERHAD ( SRB OR COMPANY ) I. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN APIIT SDN BHD ( APIIT ) TO ILMU EDUCATION GROUP SDN BHD ( ILMU ) AFTER THE PROPOSED REORGANISATION
More informationFurther details on the Proposed Share Split are set out in the ensuing sections of this announcement.
KPJ HEALTHCARE BERHAD ( KPJ OR THE COMPANY ) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 ORDINARY SHARE IN KPJ INTO 4 ORDINARY SHARES IN KPJ HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND
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( ZECON OR COMPANY ) AND ITS SUBSIDIARY COMPANIES ( GROUP ) (I) (II) (III) (IV) (V) (VI) PROPOSED PAR VALUE REDUCTION PROPOSED AMENDMENTS PROPOSED BONUS ISSUE OF SHARES PROPOSED RIGHTS ISSUE OF RCULS WITH
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VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF VIVOCOM (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
More informationHANDAL RESOURCES BERHAD ( HRB or Company )
HANDAL RESOURCES BERHAD ( HRB or Company ) PROPOSED ACQUISITION BY HRB OF 51,000 ORDINARY SHARES REPRESENTING 51% EQUITY INTEREST IN SIMFLEXI SDN. BHD. ( SIMFLEXI ) FOR A TOTAL PURCHASE CONSIDERATION OF
More informationCYPARK RESOURCES BERHAD (Company No H) (Incorporated in Malaysia) CIRCULAR TO SHAREHOLDERS IN RELATION TO THE
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT AS TO THE COURSE OF ACTION TO BE TAKEN, YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT
More informationThe Proposed ESOS will be administered by a committee to be duly appointed and authorised by the Board ( Option Committee ).
EKOVEST BERHAD ( EKOVEST OR COMPANY ) PROPOSED EMPLOYEES SHARE OPTION SCHEME ( ESOS ) FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF EKOVEST AND ITS SUBSIDIARIES ( EKOVEST GROUP OR GROUP ) ( PROPOSED ESOS
More informationLION CORPORATION BERHAD ( LCB or the Company )
LION CORPORATION BERHAD ( LCB or the Company ) Proposed disposal by Lion General Trading & Marketing (S) Pte Ltd, a wholly-owned subsidiary of the Company, of its entire 100% equity interest in Lion Plate
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MALAYSIA BUILDING SOCIETY BERHAD ( MBSB OR COMPANY ) PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB ( MBSB SHARES OR SHARES ) TO RAISE GROSS PROCEEDS OF UP TO
More informationNo. of new ordinary shares to be subscribed in SXGL. ordinary shares held Salcon 10,000, ,000,
SALCON BERHAD ( SALCON OR THE COMPANY ) REDUCTION OF EQUITY INTEREST IN SALCON XINLIAN GROUP LIMITED ( SXGL ) (FORMERLY KNOWN AS SALCON WATER INTERNATIONAL LIMITED) A WHOLLY-OWNED SUBSIDIARY OF SALCON
More informationThe summary of the material amendments to the scheme of the Proposed Regularisation Plan are as follows:- SSA
ASIA KNIGHT BERHAD ( A-KNIGHT OR THE COMPANY ) (I) (II) (III) (IV) (V) (VI) (VII) PROPOSED SHARE PREMIUM REDUCTION; PROPOSED CAPITAL REDUCTION; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED ACQUISITION;
More informationPurchasers No. of TGSC Shares Acquired % Purchase Price (RM)
EXECUTION OF SHARE SALE AND PURCHASE AGREEMENT AND SHAREHOLDERS AGREEMENT IN ESCROW BY CSC STEEL HOLDINGS BERHAD ( CHB ) IN RESPECT OF PURCHASE OF 8,000,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING
More informationKSK GROUP BERHAD (FORMERLY KNOWN AS KURNIA ASIA BERHAD) ("KSK" OR THE"COMPANY")
KSK GROUP BERHAD (FORMERLY KNOWN AS KURNIA ASIA BERHAD) ("KSK" OR THE"COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 INVOLVING KSK ("PROPOSED
More informationPROPOSED ACQUISITION OF THE REMAINING 15% OF THE EQUITY INTEREST THAT IT DOES NOT CURRENTLY OWN IN AN EXISTING SUBSIDIARY COMPANY
( LATTREE OR COMPANY ) OF THE REMAINING 15% OF THE EQUITY INTEREST THAT IT DOES NOT CURRENTLY OWN IN AN EXISTING SUBSIDIARY COMPANY (Unless otherwise stated, the exchange rate of Thai Baht ( THB ) 100:
More informationSigning Settlement Agreement with Antico Stone Sdn. Bhd. ("Antico") 1. The circumstances leading to the debt ( the Debt ) owed to Antico.
Response to Bursa s Query dated 15 th June 2016 Subject: Signing Settlement Agreement with Antico Stone Sdn. Bhd. ("Antico") 1. The circumstances leading to the debt ( the Debt ) owed to Antico. 1.1 Background
More information(the Proposed Private Placement and the Proposed ESOS are to be collectively referred to as Proposals )
(formerly known as Palette Multimedia Berhad) (420056-K) (I) (II) Proposed Private Placement; and Proposed ESOS (the Proposed Private Placement and the Proposed ESOS are to be collectively referred to
More informationCASH SUBSCRIPTION PRICE OF USD540 MILLION (OR EQUIVALENT TO APPROXIMATELY RM2,247 MILLION); AND
SAPURA ENERGY BERHAD ( SEB OR COMPANY ) PROPOSED STRATEGIC PARTNERSHIP BETWEEN SEB AND OMV AKTIENGESELLSCHAFT ( OMV AG ) THROUGH SEB UPSTREAM SDN BHD ( SUP ), A JOINT VENTURE COMPANY INCORPORATED TO HOLD
More informationProposed rights issue of 19,999,000 new ordinary shares of RM1.00 each at par together with 19,999,000 detachable warrants
General Announcement Reference No CU-990705-41825 Submitting Merchant Bank : PERWIRA AFFIN MERCHANT BANK BERHAD Company Name : BTM RESOURCES BERHAD Stock Name : BTMRES Date Announced : 24/12/1999 Type
More informationWe refer to the announcement dated 8 June 2015 in relation to the Proposed Disposal ( First Announcement ).
( GLBHD OR COMPANY ) (I) (II) PROPOSED DISPOSAL OF ENTIRE EQUITY INTERESTS IN YAPIDMAS PLANTATION SDN BHD, SRI KEHUMA SDN BHD, LADANG KLUANG SDN BHD AND TANAH EMAS OIL PALM PROCESSING SDN BHD, AND A PARCEL
More informationPROPOSED TERMINATION OF THE EXISTING EXECUTIVE SHARE OPTION SCHEME PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE OPTION SCHEME
HONG LEONG INDUSTRIES BERHAD (I) (II) PROPOSED TERMINATION OF THE EXISTING EXECUTIVE SHARE OPTION SCHEME PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE OPTION SCHEME 1. Introduction On behalf of Hong
More informationPROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES) OF LNGRES
LNG RESOURCES BERHAD ( LNGRES OR COMPANY ) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES) OF LNGRES 1. INTRODUCTION
More informationSASBADI HOLDINGS BERHAD - PROPOSED ACQUISITION OF 30% EQUITY INTEREST IN SANJUNG UNGGUL SDN BHD
SASBADI HOLDINGS BERHAD - PROPOSED ACQUISITION OF 30% EQUITY INTEREST IN SANJUNG UNGGUL SDN BHD 1. INTRODUCTION The Board of Directors of Sasbadi Holdings Berhad ( Sasbadi Holdings or the Company ) is
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BERJAYA CORPORATION BERHAD EXTRAORDINARY GENERAL MEETING PROPOSED ACQUISITIONS OF 12.00% EQUITY INTEREST IN BERJAYA LAND BERHAD ( BLAND ) FOR A TOTAL PURCHASE CONSIDERATION OF RM419.11 MILLION TO BE SATISFIED
More informationFurther details of the Proposed Private Placement are set out in the ensuing sections.
JAKS RESOURCES BERHAD ( JRB OR COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 43,836,100 NEW ORDINARY SHARES OF JRB REPRESENTING APPROXIMATELY 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF JRB (
More informationUpon completion of the Proposed Acquisition, the shareholding structure of RENTWISE will be as follows:-
1. INTRODUCTION The Board of Directors of Priva ("Board") is pleased to announce that Priva ( Purchaser ) had on 27 December 2011 entered into a Share Sale Agreement with Sir Robert John Madejski ( Vendor
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF SEGi ("PROPOSED AMENDMENTS")
SEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION AND REPAYMENT OF RM0.15 IN CASH FOR EACH ORDINARY SHARE OF RM0.25 EACH IN SEGi ("SEGi SHARE(S)") TO THE SHAREHOLDERS OF SEGi
More informationFurther details on the Proposed Private Placement are set out in the ensuing sections.
MESB BERHAD ( MESB OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF 12,600,000 NEW ORDINARY SHARES IN MESB, WHICH REPRESENT 30% OF THE COMPANY S TOTAL NUMBER OF ISSUED SHARES, TO INDEPENDENT THIRD PARTY
More informationFurther details of the Proposed Private Placement are set out in the ensuing sections.
PERAK TRANSIT BERHAD ( PERAK TRANSIT OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PERAK TRANSIT ( PERAK TRANSIT SHARES OR SHARES ) ( PLACEMENT SHARES ), REPRESENTING NOT MORE THAN
More informationTRIVE PROPERTY GROUP BERHAD (FORMERLY KNOWN AS ETI TECH CORPORATION BERHAD) ( TRIVE OR THE COMPANY )
TRIVE PROPERTY GROUP BERHAD (FORMERLY KNOWN AS ETI TECH CORPORATION BERHAD) ( TRIVE OR THE COMPANY ) (I) (II) PROPOSED REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF TRIVE INVOLVING THE
More informationThe Scheme will be administered in accordance with the By-Laws by a committee to be duly appointed and authorised by the Board ("ESOS Committee").
SKP RESOURCES BERHAD ("SKP" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF NEW EMPLOYEES SHARE OPTION SCHEME ( ESOS ) OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF SKP TO ELIGIBLE EXECUTIVE DIRECTORS
More informationSUNWAY BERHAD ( SUNWAY OR THE COMPANY )
SUNWAY BERHAD ( SUNWAY OR THE COMPANY ) (I) (II) PROPOSED BONUS ISSUE OF UP TO 2,804,471,128 NEW ORDINARY SHARES IN SUNWAY ( SUNWAY SHARES OR SHARES ) ( BONUS SHARES ) ON THE BASIS OF FOUR (4) BONUS SHARES
More informationTADMAX RESOURCES BERHAD ("TADMAX") PROPOSED ACQUISITION OF THE REMAINING 45% EQUITY INTERESTS IN WAWASAN METRO BINA SDN BHD ( PROPOSED ACQUISITION )
TADMAX RESOURCES BERHAD (Company No. 8184-W) TADMAX RESOURCES BERHAD ("TADMAX") PROPOSED ACQUISITION OF THE REMAINING 45% EQUITY INTERESTS IN WAWASAN METRO BINA SDN BHD ( PROPOSED ACQUISITION ) 1. INTRODUCTION
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TALAM TRANSFORM BERHAD ( TTB or the Company ) PROPOSED DISPOSAL OF THE ENTIRE 85% EQUITY INTEREST IN JILIN PROVINCE MAXCOURT HOTEL LIMITED, A COMPANY INCORPORATED IN THE PEOPLE S REPUBLIC OF CHINA, BY
More informationthe implementation of the Proposed SUR (as defined below); and (collectively referred to as the Proposed Amendment );
BOUSTEAD HOLDINGS BERHAD ( BHB OR COMPANY ) PROPOSED CONVERSION OF AL-HADHARAH BOUSTEAD REIT TO A PRIVATE PROPERTY TRUST BY WAY OF AMENDMENT TO THE TRUST DEED, PROPOSED SELECTIVE UNIT REDEMPTION EXERCISE
More informationPROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GADANG ( PROPOSED PRIVATE PLACEMENT )
GADANG HOLDINGS BERHAD ( GADANG OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GADANG ( PROPOSED PRIVATE PLACEMENT ) 1. INTRODUCTION On
More informationINARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) ( INARI OR COMPANY )
INARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) ( INARI OR COMPANY ) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF INARI AND ITS SUBSIDIARIES
More informationEA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION EXERCISE VIA THE REDUCTION AND CANCELLATION OF THE SHARE CAPITAL OF EAH WHICH IS LOST OR UNREPRESENTED BY AVAILABLE ASSETS TO THE
More informationPROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN HLFG ( HLFG SHARES ) TO RAISE GROSS PROCEEDS OF UP TO RM1.
HONG LEONG FINANCIAL GROUP BERHAD ( HLFG ) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN HLFG ( HLFG SHARES ) TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION 1. INTRODUCTION
More informationACQUISITION OF 70% EQUITY INTEREST IN JIMAH EAST POWER SDN. BHD. ( JEP )
TENAGA NASIONAL BERHAD ACQUISITION OF 70% EQUITY INTEREST IN JIMAH EAST POWER SDN. BHD. ( JEP ) 1. INTRODUCTION Tenaga Nasional Berhad ( TNB ) wishes to announce that it has today submitted the Letter
More informationReference is made to the announcement dated 17 October 2016 in relation to the Proposals.
ORION IXL BERHAD ( ORION OR THE COMPANY ) PROPOSED ACQUISITION; AND PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE PROPOSALS ) Unless otherwise defined, the abbreviations used throughout this announcement
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PTB ( PROPOSED PRIVATE PLACEMENT )
PLASTRADE TECHNOLOGY BERHAD ( PTB OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PTB ( PROPOSED PRIVATE PLACEMENT ) 1. INTRODUCTION On behalf of the Board
More informationPFCE will become an 80%-owned subsidiary of BHB; and
BOUSTEAD HOLDINGS BERHAD ( BHB OR COMPANY ) ACQUISITION OF 8,000,000 ORDINARY SHARES OF RM1.00 EACH ( SHARES ) IN PFC ENGINEERING SDN BHD ("PFCE") REPRESENTING 80% OF THE ISSUED AND PAID-UP SHARE CAPITAL
More informationFACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY")
FACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY") PROPOSED CAPITALISATION OF THE DEBT OWING BY DAPAN HOLDINGS SDN BHD, AN INDIRECTLY WHOLLY-OWNED SUBSIDIARY OF KARAMBUNAI CORP BHD ("KCB"),
More informationPROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; AND
PCCS GROUP BERHAD ( PCCS OR THE COMPANY ) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; AND PROPOSED EXEMPTION 1. INTRODUCTION On behalf of the Board of Directors of PCCS ( Board ), Kenanga Investment
More information(Collectively, the Proposed Par Value Reduction and Proposed ESOS are referred to as the Proposals )
TANJUNG OFFSHORE BERHAD ( TANJUNG OR THE COMPANY ) (I) (II) PROPOSED PAR VALUE REDUCTION; AND PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE PROPOSALS ) 1. INTRODUCTION On behalf of the Board of Directors
More informationPROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND
LAY HONG BERHAD ( LHB OR THE COMPANY ) PROPOSED BONUS ISSUE OF SHARES; PROPOSED SHARE SPLIT; PROPOSED FREE WARRANTS ISSUE; PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND PROPOSED AMENDMENT (COLLECTIVELY
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THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant
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THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT AS TO THE COURSE OF ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT
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