RADIANT GLOBALTECH BERHAD ( RADIANT GLOBALTECH OR THE COMPANY )
|
|
- Justina Wiggins
- 5 years ago
- Views:
Transcription
1 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, FOR A TOTAL PURCHASE CONSIDERATION OF RM650,000 TO BE FULLY SATISFIED VIA CASH; AND (II) PROPOSED ACQUISITION OF 1,400,000 ORDINARY SHARES IN ADAPTIVE POS SDN. BHD. ( APSB ), REPRESENTING 70% EQUITY INTEREST, FOR A TOTAL PURCHASE CONSIDERATION OF RM1,400,000 TO BE FULLY SATISFIED VIA CASH 1. INTRODUCTION The Board of Directors of Radiant Globaltech ( Board ) wishes to announce that the Company had on 19 December 2018 entered into the following agreements:- (i) Share sale agreement with Chong Jen Tsin for the proposed acquisition of 650,000 ordinary shares, representing the entire equity interest in ICSB, for a total purchase consideration of RM650,000 to be fully satisfied via cash ( Proposed Acquisition I ) ( ICSB SSA ); and (ii) Share sale agreement with Iconpos Sdn. Bhd. ( Iconpos ) for the proposed acquisition of 1,400,000 ordinary shares, representing 70% equity interest in APSB, for a total purchase consideration of RM1,400,000 to be fully satisfied via cash ( Proposed Acquisition II ) ( APSB SSA ). (Proposed Acquisition I and Proposed Acquisition II are collectively referred to as Proposed Acquisitions ) Further details on the Proposed Acquisitions are set out in the ensuing sections. 2. DETAILS OF THE PROPOSED ACQUISITIONS 2.1 Proposed Acquisition I Information on ICSB ICSB (Company No X) was incorporated in Malaysia on 25 April 2018 as a private limited company and having its registered address at Third Floor, No. 79 (Room A), Jalan SS 21/60, Damansara Utama, Petaling Jaya, Selangor, Malaysia. ICSB is principally engaged in the business of computer programming activities and computer consultancy. ICSB s business involves provision of e-ordering software solution, software integration and related services. As at 14 December 2018, being the latest practicable date prior to the date of this Announcement ( LPD ), the issued share capital of ICSB is RM650,000 comprising 650,000 ordinary shares. The sole shareholder and director of ICSB is Chong Jen Tsin. As at the LPD, ICSB does not have any subsidiary or associate company.
2 2.1.2 Information on the vendor Chong Jen Tsin, a Malaysian, aged 40, is the sole director and shareholder of ICSB since its incorporation. He graduated with a Bachelor of Information Technology from Charles Sturt University in Australia in He has more than 15 years of experience in software application design and development as well as working directly with customers in a consulting capacity throughout the full software life cycle Basis and justification for the purchase consideration The purchase consideration of RM650,000 was arrived at on a willing buyerwilling seller basis and after taking into consideration of ICSB s order book status and future cash flow generation. The Board is of the view that the purchase consideration is justified in view of the potential synergistic benefits from the Proposed Acquisition I Source of funding The purchase consideration will be satisfied wholly in cash via internally generated funds Liabilities to be assumed There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Company pursuant to the Proposed Acquisition I Additional financial commitment Save for the purchase consideration, there are no additional financial commitments required by the Company to put the assets/businesses of ICSB onstream. As set out in Section of this Announcement, ICSB is an on-going business entity. 2.2 Proposed Acquisition II Information on APSB APSB (Company No M) was incorporated in Malaysia on 26 April 2018 as a private limited company and having its registered address at Third Floor, No. 79 (Room A), Jalan SS 21/60, Damansara Utama, Petaling Jaya, Selangor, Malaysia. APSB is principally engaged in the business of computer programming and computer consultancy. APSB s business involves provision of point of sales software system for food and beverage sector. As at the LPD, the issued share capital of APSB is RM2,000,000 comprising 2,000,000 ordinary shares. Iconpos holds 2,000,000 ordinary shares in APSB and the sole director of APSB is Chong Jen Tsin. As at the LPD, APSB does not have any subsidiary or associate company.
3 2.2.2 Information on the vendor Iconpos (Company No T) was incorporated in Malaysia on 26 January 2011 as a private limited company. Iconpos is principally engaged in the business of information technology, networking, system development and IT consultant. The Directors and shareholders of Iconpos are as below:- Name of Director and Nationality No. of shares Shareholding shareholder Chong Jen Tsin Malaysian 445, % Tio Hooi Siang Malaysian 5, % Basis and justification for the purchase consideration The purchase consideration of RM1,400,000 was arrived at on a willing buyerwilling seller basis and after taking into consideration of APSB s order book status and future cash flow generation. The Board is of the view that the purchase consideration is justified in view of the potential synergistic benefits from the Proposed Acquisition II Source of funding The purchase consideration will be satisfied wholly in cash via internally generated funds Liabilities to be assumed There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Company pursuant to the Proposed Acquisition II Additional financial commitment Save for the purchase consideration, there is no additional financial commitments required by the Company to put the assets/businesses of APSB on-stream. As set out in Section of this Announcement, APSB is an on-going business entity.
4 3. SALIENT TERMS OF ICSB SSA AND APSB SSA The salient terms of the share sale agreements are as follows: Sale and purchase of sale shares Subject to the terms and conditions of the ICSB SSA, Chong Jen Tsin, as the legal and beneficial owner of the ICSB shares, shall sell and Radiant Globaltech relying on the warranties and representations by Chong Jen Tsin, shall purchase the shares, free from any and all encumbrances and with all rights, benefits and advantages now or thereafter attaching thereto, including all bonuses, rights, dividends and distributions declared, made and paid as from the completion date of the share sale agreement for the purchase consideration to be fully satisfied in cash Terms of payment The payment shall be by way of making direct payment to the vendors within 14 days from the date of the ICSB SSA Termination clause If Chong Jen Tsin fails to complete the sale and purchase of the shares in accordance with the ICSB SSA and/or breaches any of the terms and/or warranties of the ICSB SSA, then Radiant Globaltech shall be entitled to either:- (i) (ii) Claim for specific performance of the ICSB SSA; or Terminate the ICSB SSA, and upon such termination, all monies paid towards the purchase consideration shall be refunded to Radiant Globaltech free of interest Completion Completion shall take place when the payment of the purchase consideration has been made in full by Radiant Globaltech to Chong Jen Tsin and registration of the shares in favour of Radiant Globaltech in accordance with the terms and conditions of the ICSB SSA. 3.2 Salient terms of the APSB SSA Sale and purchase of sale shares Subject to the terms and conditions of the APSB SSA, Iconpos, as the legal and beneficial owner of the APSB shares, shall sell and Radiant Globaltech relying on the warranties and representations by Iconpos, shall purchase the sale shares, free from any and all encumbrances and with all rights, benefits and advantages now or thereafter attaching thereto, including all bonuses, rights, dividends and distributions declared, made and paid as from the completion date of the share sale agreement for the purchase consideration to be fully satisfied in cash.
5 3.2.2 Terms of payment The payment shall be by way of making direct payment to the vendors within 14 days from the date of the APSB SSA Termination clause If the vendor fails to complete the sale and purchase of the shares in accordance with the APSB SSA and/or breaches any of the terms and/or warranties of the APSB SSA, then Radiant Globaltech shall be entitled to either:- (i) (ii) Claim for specific performance of the APSB SSA; or Terminate the APSB SSA, and upon such termination, all monies paid towards the purchase consideration shall be refunded to Radiant Globaltech free of interest Completion Completion shall take place when the payment of the purchase consideration has been made in full by Radiant Globaltech to Iconpos and registration of the sale shares in favour of Radiant Globaltech in accordance with the terms and conditions of the APSB SSA. 4. RATIONALE AND BENEFITS OF THE PROPOSED ACQUISITIONS Radiant Globaltech is an investment holding company and its subsidiaries ( Radiant Globaltech Group or the Group ) are principally involved in the provision of retail technology solutions, which consists of providing hardware and software for retail industry as well as maintenance and technical support services for related hardware and software. The Proposed Acquisitions are in line with Radiant Globaltech Group s strategy to expand its businesses by extending its range of software solutions where the Group will be able to cross sell its products to the existing customers. In addition, there will be no major research and development cost to be further incurred pursuant to the Proposed Acquisitions. The Proposed Acquisitions shall complement Radiant Globaltech Group s existing business and is expected to contribute positively to the future business development and growth of the Group. 5. PROSPECTS OF THE PROPOSED ACQUISITIONS 5.1 Prospects of ICSB The principal activity of ICSB involves portal software, software integration and related services. ICSB offers web-based customer portal software ( Portal ) to help businesses make improvements in ordering process. With the use of this Portal, customer can log in orders easily with the distributor / manufacturer via the Portal. The Proposed Acquisition I will allow Radiant Globaltech Group to further expand its existing business operations into the business of web-based Customer Portal software to help businesses make improvements in ordering process. The synergistic benefits expected to be derived from the Proposed Acquisition I are amongst others, technology and knowledge sharing, cross-marketing of products and services and referral of customers within the enlarged Radiant Globaltech Group.
6 5.2 Prospects of APSB The principal activity of APSB involves software development and sales of point-of-sale software to customers in the food and beverage sector. APSB offers complete solutions for food and beverage business consisting of Cloud ready Back-end System, Front-end System and other add-on systems such as Digital Menu and Queue System. This Proposed Acquisition II shall allow Radiant Globaltech Group to further expand its software business into the business of point-of-sales software system for food and beverage sector. The synergistic benefits expected to be derived from the Proposed Acquisition II are, amongst others, technology and knowledge sharing, cross-marketing of products and services and referral of customers within the enlarged Radiant Globaltech Group. The pervasive nature of digital platforms makes it hard to capture the full extent of digitalisation in Malaysia. A useful start is the performance of the Information and Communication Technology (ICT) sector, where technology intensity is high and digital activities are concentrated. From , the ICT sector s value-added growth outpaced that of non-ict sectors (ICT: 7.8% vs non-ict: 6.9%). Of note, e-commerce activities almost doubled over the same period (2016: RM74.6 billion; 2011: RM44.6 billion). This reflects the rising prominence of digital platforms and, more broadly, the role of technology in driving economic activity. (Source: Annual Report 2017, Bank Negara Malaysia) Overall, the Proposed Acquisitions are in line with the Group's strategy to constantly search and explore new opportunities which may potentially enable the Group to gain wider and better recognition in the retail technology solutions industry. The Proposed Acquisitions shall complement the Group s current business and is expected to contribute positively to the future development and growth of the Group. 6. RISK FACTORS The risk factors in relation to the Proposed Acquisitions, which may not be exhaustive, are set out below:- 6.1 Industry risk The performance of ICSB and APSB are subject to risks inherent in the IT industry. These may include, amongst others, entry of new players, increased competition, changes in general economic and business condition, and introduction of new technology. Whilst the Company seeks to mitigate these risks through its continued initiative in research and development for new products, implementing prudent business strategies and carrying out continuous review of its operations, there is no assurance that any change to the above factors, which are beyond the Company s control, will not materially affect its business.
7 6.2 Investment risk Although the Board anticipates that the Company may derive benefits from the Proposed Acquisitions, there can be no assurance that the anticipated benefits of the Proposed Acquisitions will be realised or that the Company will be able to generate sufficient revenue from the Proposed Acquisitions to offset the associated investment costs incurred. There is also no assurance that the Company will be able to maintain or improve the standards of quality and services of its businesses with the anticipated benefits to be derived from the Proposed Acquisitions. Nevertheless, the Board has exercised due care in considering the potential risks and benefits associated with the Proposed Acquisitions prior to making its investment decisions. 6.3 Dependency on key personnel The future success of ICSB and APSB will depend upon its ability to attract and retain its key personnel after the Proposed Acquisitions. The potential loss of key personnel of ICSB and APSB may have an unfavourable and material impact on the performance of ICSB and APSB as the continued success of the business is considerably dependent on the experience and technical knowledge of the management team of ICSB and APSB. As such, the Company will undertake measures to recruit new personnel where necessary and retain the key personnel of ICSB and APSB by providing competitive remunerations for continued good performance of its staff. The Company will also assign its Head of Software to oversee the business of ICSB and APSB and ensure competency in all aspects. 7. FINANCIAL EFFECTS OF THE PROPOSED ACQUISITIONS 7.1 Issued share capital and substantial shareholders shareholdings The Proposed Acquisitions will not have any effect on the issued share capital and the substantial shareholders shareholdings of the Company as the purchase consideration of the Proposed Acquisitions will be wholly satisfied in cash. 7.2 Net assets, gearing and earnings The Proposed Acquisitions are not expected to have any material impact on the net assets, gearing and earnings of the Company for the financial year ending 31 December APPROVAL REQUIRED The Proposed Acquisitions are not subject to the approval of the shareholders of the Company and/or any regulatory authorities.
8 9. HIGHEST PERCENTAGE RATIO The highest percentage ratio applicable to the Proposed Acquisition I and Proposed Acquisition II pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 2.36% and 5.12% respectively, calculated based on the audited financial statements of Radiant Globaltech Group for the financial year ended 31 December INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED WITH THEM None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the Proposed Acquisitions. 11. ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Acquisitions are expected to complete by 1 st quarter of DIRECTORS' STATEMENT The Board, having considered all relevant aspects of the Proposed Acquisitions (including but not limited to the rationale, prospects of ICSB and APSB and the risk factors as set out in Sections 4, 5 and 6 respectively) and after careful deliberation, is of the opinion that the Proposed Acquisitions are in the best interests of the Company and not detrimental to the interest of its shareholders. 13. DOCUMENT AVAILABLE FOR INSPECTION A copy each of the ICSB SSA and APSB SSA dated 19 December 2018 will be made available for inspection at the registered office of the Company at Third Floor, No. 79 (Room A), Jalan SS 21/60, Damansara Utama, Petaling Jaya, Selangor, Malaysia, during normal business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this Announcement. This Announcement is dated 19 December 2018.
Further details on the Proposed Acquisition are set out in the ensuing sections.
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") PROPOSED ACQUISITION BY EAH OF 5,000,000 ORDINARY SHARES OF RM1.00 EACH IN MURASAKI TECHNOLOGY SDN BHD ("MTSB"), REPRESENTING 100% EQUITY INTEREST IN MTSB FROM
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 informationAs at the LPD, KESM Test does not have any subsidiaries or associated companies.
KESM INDUSTRIES BERHAD ( KESMI OR THE COMPANY ) PROPOSED ACQUISITION OF THE REMAINING 692,308 ORDINARY SHARES OF RM1.00 EACH IN KESM TEST (M) SDN BHD ( KESM TEST ) ( KESM TEST SHARE(S) ), REPRESENTING
More informationOn even date, MPB had further granted an irrevocable and unconditional letter of undertaking to the Sellers to:
MEDIA PRIMA BERHAD ("MPB" OR THE "COMPANY") PROPOSED ACQUISITION OF 100% EQUITY IN REV ASIA HOLDINGS SDN. BHD. (THE "TARGET COMPANY") BY MEDIA PRIMA DIGITAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF MPB
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
More informationG-MART is currently a wholly-owned subsidiary of LHB and engaged in the operation of retail supermarkets under the brand name G-MART.
PROPOSED ACQUISITION BY PANPAGES BERHAD OF 11,400,000 ORDINARY SHARES REPRESENTING THIRTY PERCENT (30%) OF THE EQUITY INTEREST OF G-MART BORNEO RETAIL SDN. BHD. FROM LAY HONG BERHAD FOR A TOTAL CASH CONSIDERATION
More informationFurther details of the Proposed Disposal are set out in the ensuing sections.
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
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 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 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 informationThe Board of Directors of OSKH wishes to announce that:
OSK HOLDINGS BERHAD ( OSKH OR THE COMPANY ) SHARE SALE AGREEMENT ENTERED BY PJ DEVELOPMENT HOLDINGS BERHAD AND EMPLOYEES PROVIDENT FUND BOARD AND SUBSCRIPTION AGREEMENT ENTERED BY YARRA AUSTRALIA DEVELOPMENT
More informationACQUISITION BY SUNSURIA OF THE EQUITY INTERESTS IN SUNSURIA FORUM SDN BHD (FORMERLY KNOWN AS SUNSURIA (MM2H) SDN BHD) ( SFSB )
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 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
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
More informationANCOM LOGISTICS BERHAD ( ALB OR THE COMPANY )
ANCOM LOGISTICS BERHAD ( ALB OR THE COMPANY ) PROPOSED DISPOSAL OF 7,911,192 ORDINARY SHARES OF SINSENMOH TRANSPORTATION PTE LTD ( SSM ) ( SSM SHARE(S) ), REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE
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 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 informationPENTAMASTER CORPORATION BERHAD ( PCB OR THE COMPANY )
PENTAMASTER CORPORATION BERHAD ( PCB OR THE COMPANY ) PROPOSED LISTING OF THE COMPANY S AUTOMATED SOLUTION BUSINESS ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED ( HKEX ) ( PROPOSED LISTING
More informationLATITUDE TREE HOLDINGS BERHAD ( LATITUDE TREE OR THE COMPANY ) - ACQUISITION OF PROPERTY BY RHONG KHEN TIMBERS SDN BHD ( RKT )
LATITUDE TREE HOLDINGS BERHAD ( LATITUDE TREE OR THE COMPANY ) - ACQUISITION OF PROPERTY BY RHONG KHEN TIMBERS SDN BHD ( RKT ) 1. Introduction The Board of Directors of Latitude Tree is pleased to announce
More informationDISPOSAL BY MTOUCHE OF ITS ENTIRE EQUITY INTEREST IN JUZ TECHNOLOGY SDN OF RM1.00 TO NELSON CHUI CHEE CHUNG AND SHAWN EDGAR LIEW
MTOUCHE TECHNOLOGY BERHAD ( MTOUCHE OR THE COMPANY ) (I) (II) DISPOSAL BY MTOUCHE OF ITS ENTIRE EQUITY INTEREST IN MTB SECURENET SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MTOUCHE) FOR A CASH CONSIDERATION
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 informationCHIN HIN GROUP BERHAD ( CHIN HIN ) IN RELATION TO THE - PROPOSED ACQUISITION OF FORTY FIVE PER CENT (45%) EQUITY IN ATLANTIC BLUE SDN. BHD.
CHIN HIN GROUP BERHAD ( CHIN HIN ) IN RELATION TO THE - PROPOSED ACQUISITION OF FORTY FIVE PER CENT (45%) EQUITY IN ATLANTIC BLUE SDN. BHD. 1. INTRODUCTION The Board of Directors of Chin Hin Group Berhad
More informationPROPOSED JOINT VENTURE BETWEEN CAPILLARY ARGOTECH (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ICB AND DEMETER FARMS SDN BHD IN PEAK PLATFORM SDN BHD
PROPOSED JOINT VENTURE BETWEEN CAPILLARY ARGOTECH (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ICB AND DEMETER FARMS SDN BHD IN PEAK PLATFORM SDN BHD General Announcement Reference No IC-091105-59662 Company
More informationMALAYSIA AIRPORTS HOLDINGS BERHAD ( MAHB OR COMPANY )
MALAYSIA AIRPORTS HOLDINGS BERHAD ( MAHB OR COMPANY ) PROPOSED DISPOSAL BY MAHB OF ITS ENTIRE 11% EQUITY INTEREST IN GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED ( GHIAL ) ( PROPOSED DISPOSAL ) (Unless
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 information(hereinafter referred to as the Proposed Acquisition ).
TECHNODEX BHD ( TDEX OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT PROPOSED ACQUISITION 1. INTRODUCTION On behalf of the Board of Directors of TDEX ( Board ), TA Securities Holdings Berhad ( TA Securities
More informationDAYANG ENTERPRISE HOLDINGS BERHAD ( DAYANG OR COMPANY )
DAYANG ENTERPRISE HOLDINGS BERHAD ( DAYANG OR COMPANY ) (I) (II) PROPOSED ACQUISITION OF 42,965,100 ORDINARY SHARES OF RM0.50 EACH IN PERDANA PETROLEUM BERHAD ( PPB ) ( PPB SHARES ), REPRESENTING APPROXIMATELY
More informationMMC CORPORATION BERHAD ( MMC OR COMPANY )
( MMC OR COMPANY ) PROPOSED ACQUISITION OF 7,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 70.0% ORDINARY EQUITY INTEREST AND 4,990,000 IRREDEEMABLE CONVERTIBLE CUMULATIVE PREFERENCE SHARES OF RM1.00
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 informationPROPOSED ACQUISITION OF THE ENTIRE 21,045,316 ORDINARY SHARES OF RM1
SCIENTEX BERHAD PROPOSED ACQUISITION OF THE ENTIRE 21,045,316 ORDINARY SHARES OF RM1.00 EACH IN THE SHARE CAPITAL OF MONDI IPOH SDN BHD FOR A PURCHASE CONSIDERATION OF RM58,000,000.00 BY SCIENTEX PACKAGING
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 informationUpon the completion of the Acquisition of Shares, MAAKL Mutual will become a wholly-owned subsidiary of MANULIFE.
MANULIFE HOLDINGS BERHAD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON-RELATED PARTY TRANSACTIONS MANULIFE HOLDINGS BERHAD ("MANULIFE" OR "THE COMPANY")- ACQUISITION OF 6,000,000 ORDINARY SHARES
More informationThe Proposed Share Exchange and Proposed Transfer of Listing are collectively referred to as the Proposed Internal Reorganisation.
TRIplc BERHAD ( TRIplc OR COMPANY ) (I) (II) (III) PROPOSED SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 INVOLVING TRIplc, EXISTING SHAREHOLDERS OF TRIplc AND A NEW INVESTMENT HOLDING
More informationPROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED SHARE CAPITAL OF IRIS ( PROPOSED PRIVATE PLACEMENT )
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 informationSASBADI HOLDINGS BERHAD - PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNITED PUBLISHING HOUSE (M) SDN BHD
SASBADI HOLDINGS BERHAD - PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNITED PUBLISHING HOUSE (M) SDN BHD 1. INTRODUCTION The Board of Directors of Sasbadi Holdings Berhad ( Sasbadi Holdings or the
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 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
More informationDENKO INDUSTRIAL CORPORATION BERHAD ( DENKO OR THE COMPANY )
DENKO INDUSTRIAL CORPORATION BERHAD ( DENKO OR THE COMPANY ) (I) (II) HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN INTEGRATED MANUFACTURING SOLUTIONS SDN
More informationThe diagram below sets out the group structure of Mercury upon completion of the Proposed Disposal. Mercury 100% 100% 100% 100% 100%
MERCURY INDUSTRIES BERHAD ( MERCURY OR COMPANY ) PROPOSED DISPOSAL BY MERCURY TO INTERGLOBAL DYNASTY SDN BHD OF ITS EQUITY INTEREST IN SILVERLIGHT PROSPECTS SDN BHD ( SILVERLIGHT ), A WHOLLY-OWNED SUBSIDIARY
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 informationMETRONIC GLOBAL BERHAD ( MGB
METRONIC GLOBAL BERHAD ( MGB or the Company ) - PROPOSED DISPOSAL OF MGB S ENTIRE EQUITY INTEREST IN METRONIC I-CARES SDN BHD ( MiCare ), A SUBSIDIARY ( PROPOSED DISPOSAL ) References are made to the announcement
More informationMr Leong and Mr Yu are also the directors of MYO as of 14 March 2018.
XINGHE HOLDINGS BERHAD( XINGHE OR COMPANY ) JOINT VENTURE AND SHAREHOLDERS AGREEMENT BETWEEN XINGHE-JEFI SDN BHD (FORMERLY KNOWN AS XINGHE MARKETING SDN BHD)[ XINGHE-JEFI ]AND MY OCEAN VENTURE SDN BHD
More informationUpon completion of the Proposed Disposal, TAQ will cease to be a joint venture company of 3A.
THREE-A RESOURCES BERHAD ( 3A OR THE COMPANY ) PROPOSED DISPOSAL OF THE ENTIRE 50% EQUITY INTEREST HELD BY THREE-A FOOD INDUSTRIES (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, IN THREE-A (QINHUANGDAO)
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 informationSGSB is a 99.99%-owned subsidiary of Sunsuria and is principally engaged in investment holding.
SUNSURIA BERHAD ("SUNSURIA" OR THE COMPANY") PROPOSED JOINT VENTURE BETWEEN SUNSURIA CITY SDN. BHD. (FORMERLY KNOWN AS SIME DARBY SUNSURIA DEVELOPMENT SDN. BHD.) ( SCSB ), SUNSURIA GATEWAY SDN. BHD. (
More information2. INFORMATON ON EOGS, SPM TERMINALS AND ENRA SPM
ENRA GROUP BERHAD ( COMPANY ) - SHAREHOLDERS AGREEMENT ENTERED INTO BETWEEN THE COMPANY S WHOLLY OWNED INDIRECT SUBSIDIARY, ENRA OIL & GAS SERVICES SDN BHD AND SPM TERMINALS PTY LTD 1. INTRODUCTION The
More informationPROPOSED AMALGAMATION OF ROBI AXIATA LIMITED ( ROBI ) AND AIRTEL BANGLADESH LIMITED ( AIRTEL BANGLADESH )
AXIATA GROUP BERHAD ( AXIATA ) PROPOSED AMALGAMATION OF ROBI AXIATA LIMITED ( ROBI ) AND AIRTEL BANGLADESH LIMITED ( AIRTEL BANGLADESH ) (Unless stated otherwise, the exchange rates of RM1.00:USD0.2355
More informationSubsequent to the Disposal, MWSB shall cease to be the subsidiary of the Company. 28 August 2012 as a private limited. shares of RM1.
GENERAL ANNOUNCEMENT Company Name : FOCUS DYNAMICS TECHNOLOGIES BERHAD Stock Name : FOCUS Stock Code : 0116 Date Announced : 5 JUNE, 2015 Type : Transactions (Chapter 10 of Listing Requirements) - Non
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 informationHIBISCUS PETROLEUM BERHAD ( HIBISCUS PETROLEUM OR THE COMPANY )
HIBISCUS PETROLEUM BERHAD ( HIBISCUS PETROLEUM OR THE COMPANY ) PROPOSED ACQUISITION OF A 50% INTEREST IN THE UNITED KINGDOM ( UK ) CONTINENTAL SHELF PETROLEUM PRODUCTION LICENCE NO. P.198 BLOCKS 15/13A
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 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 informationFurther details of the Proposed Acquisition are set out in the ensuing sections. The Power Plant shall consist of the following key components:
HENG HUAT RESOURCES GROUP BERHAD ( HENG HUAT ) (Company No. 969678-D) (Incorporated in Malaysia under the Companies Act, 1965) GENERAL ANNOUNCEMENT SUBJECT: TRANSACTIONS (CHAPTER 10 OF THE LISTING REQUIREMENTS):
More informationKUMPULAN PERANGSANG SELANGOR BERHAD (Company No K) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON-RELATED PARTY TRANSACTIONS
KUMPULAN PERANGSANG SELANGOR BERHAD (Company No. 23737-K) ANNOUNCEMENT NON-RELATED PARTY TRANSACTIONS KUMPULAN PERANGSANG SELANGOR BERHAD ( PERANGSANG SELANGOR OR COMPANY ) PROPOSED INVESTMENT IN THE REHABILITATION
More information(Company No. : D) JOINT VENTURE AGREEMENT ENTERED BETWEEN KOTA EKSPRES SDN BHD AND GREENLAND MALAYSIA URBAN DEVELOPMENT SDN BHD
1. INTRODUCTION We refer to our announcement on 11 February 2015 in relation to the Heads of Agreement entered between Kota Ekspres Sdn Bhd ( KESB ) and Greenland Malaysia Urban Development Sdn Bhd ( GREENLAND
More informationTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
11/3/2016 Company Announcements Bursa Malaysia Market TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY") PROPOSED
More informationCompletion of the sale and purchase of the Sale Shares is conditional upon the following conditions precedent having being fulfilled:
( SMB OR COMPANY ) PROPOSED DISPOSAL OF 205,000,000 ORDINARY SHARES IN CH OFFSHORE LTD ( CHO ) REPRESENTING 29.07% OF THE ENTIRE ISSUED ORDINARY SHARES OF CHO BY SCOMI MARINE SERVICES PTE LTD ( SMS ),
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 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
More information(The Proposed Share Split and the Proposed Amendment are collectively referred to as the Proposals.) Basis and number of the Subdivided Shares
V.S. INDUSTRY BERHAD ( VSIB OR COMPANY ) (I) (II) PROPOSED SHARE SPLIT; AND PROPOSED AMENDMENT 1. INTRODUCTION On behalf of the Board of Directors of VSIB ( Board ), Maybank Investment Bank Berhad ( Maybank
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 informationTALAM TRANSFORM BERHAD ( TTB or the Company )
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 informationClosing price of NCB at the end of business trade of RM4.00 as at 14 July 2015, which entails of a premium of approximately 9.25%;
( MMC OR THE COMPANY ) OF 42,677,600 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 9.08% ORDINARY EQUITY INTEREST IN NCB HOLDINGS BERHAD BY MMC VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN GFM SERVICES (EXCLUDING TREASURY SHARES)
GFM SERVICES BERHAD ( GFM SERVICES OR COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN GFM SERVICES (EXCLUDING TREASURY SHARES) 1. INTRODUCTION On behalf of the Board
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 informationProposed amendments to the Articles of Association of the Company to facilitate the implementation of the Proposed Transfer ( Proposed Amendments ).
HSS ENGINEERS BERHAD ( HEB OR COMPANY ) (I) (II) PROPOSED TRANSFER; AND PROPOSED AMENDMENTS 1. INTRODUCTION On behalf of the Board of Directors of the Company ( Board ), M&A Securities Sdn Bhd wishes to
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENTS")
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED ACQUISITION OF 1,275,000 ORDINARY SHARES OF RM1.00 EACH IN DDSB (M) SDN BHD ("DDSB"), REPRESENTING 51% EQUITY INTEREST IN DDSB FOR A TOTAL PURCHASE
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
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
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 informationEDUSPEC HOLDINGS BERHAD ( EDUSPEC OR THE COMPANY )
EDUSPEC HOLDINGS BERHAD ( EDUSPEC OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 131,556,380 NEW ORDINARY SHARES IN EDUPSEC ( EDUSPEC SHARES ) ( PLACEMENT SHARES ) REPRESENTING UP TO TEN PERCENT
More informationProposed transfer by AHB of the following identified companies to ABB: AHIB, a wholly-owned subsidiary of AHB;
Description and Announcement Details : AFFIN HOLDINGS BERHAD ( AHB OR THE COMPANY ) PROPOSED REORGANISATION OF THE AHB GROUP OF COMPANIES Reference is made to the announcements dated 16 February 2017,
More informationapproval with the requisite vote by a meeting of the shareholders of SYMC for the following:
TIME DOTCOM BERHAD ( TIME ) PROPOSED ACQUISITION OF 37% OF THE ISSUED AND PAID-UP ORDINARY SHARES IN SYMPHONY COMMUNICATION PUBLIC COMPANY LIMITED ( SYMC ), A PUBLICLY LISTED COMPANY ON THE STOCK EXCHANGE
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 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 principal business of Innobird is investment holding. Innobird is the registered and beneficial owner of Supara (collectively, the Group ).
ACQUISITION OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN THE ISSUED AND PAID-UP SHARE CAPITAL OF INNOBIRD (M) SDN BHD 1.0 INTRODUCTION Further to our announcement on
More informationDAGANG NEXCHANGE BERHAD (FORMERLY KNOWN AS TIME ENGINEERING BERHAD) ( DNEX OR THE COMPANY )
Page 1 of 43 DAGANG NEXCHANGE BERHAD (FORMERLY KNOWN AS TIME ENGINEERING BERHAD) ( DNEX OR THE COMPANY ) PROPOSED RIGHTS ISSUE; PROPOSED SPECIAL ISSUE; PROPOSED ACQUISITIONS; AND PROPOSED ESOS (COLLECTIVELY
More informationPROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ( ACT ) ( PROPOSED SCR )
LCTH CORPORATION BERHAD ( LCTH OR COMPANY ) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ( ACT ) ( PROPOSED SCR ) 1. INTRODUCTION
More informationLAFARGE MALAYSIA BERHAD (Company No.: 1877-T) (Incorporated in Malaysia under the Companies Act, 1965)
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant
More informationproposed subdivision of every one (1) GDEX Shares into two (2) Subdivided Shares in GDEX ( Proposed Share Split );
GD EXPRESS CARRIER BHD ( GDEX OR THE COMPANY ) (I) (II) (III) PROPOSED SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH IN GDEX ( GDEX SHARES ) INTO TWO (2) ORDINARY SHARES OF RM0.05
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 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 informationSTONE MASTER CORPORATION BERHAD
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 informationSKB SHUTTERS CORPORATION BERHAD (Company No U) (Incorporated in Malaysia) AND ITS SUBSIDIARIES
SKB SHUTTERS CORPORATION BERHAD (Company No. 430362 - U) (Incorporated in Malaysia) AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016 (Unaudited) (Audited)
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 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 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 information(b) all outstanding warrants 2016/2021 ( IDEALUBB Warrants ) with new warrants to be issued by Newco ( Newco Warrants ) on a one-for-one basis;
IDEAL UNITED BINTANG BERHAD ( IDEALUBB OR THE COMPANY ) PROPOSED INTERNAL REORGANISATION 1. INTRODUCTION On behalf of the Board of Directors of IDEALUBB ( Board ), M&A Securities Sdn Bhd 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 information- 1 - MMC CORPORATION BERHAD ( MMC OR COMPANY )
MMC CORPORATION BERHAD ( MMC OR COMPANY ) PROPOSED ACQUISITION OF 35,990,501 ORDINARY SHARES OF RM1.00 EACH IN PENANG PORT SDN BHD ( PPSB ) REPRESENTING APPROXIMATELY 49.0% ORDINARY EQUITY INTEREST IN
More informationFor personal use only
ACN 157 710 846 ASX CODE: ICQ ASX ANNOUNCEMENT 9 SEPTEMBER 2014 Announcement issued by Rev Asia Berhad Enclosed is an announcement issued by Rev Asia Berhad, icar Asia Limited s 27.2% shareholder, to the
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF VIVOCOM (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
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 informationTALIWORKS CORPORATION BERHAD ( TCB OR THE COMPANY )
TALIWORKS CORPORATION BERHAD ( TCB OR THE COMPANY ) PROPOSED JOINT VENTURE VIA A DISPOSAL OF 50% EQUITY INTEREST IN PINGGIRAN MUHIBBAH SDN. BHD. ( PMSB ), A WHOLLY-OWNED SUBSIDIARY OF TCB, TO PINGGIRAN
More information(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad)
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 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 informationPROPOSED SUBSCRIPTION OF 51% EQUITY INTEREST IN MEMANG PERKASA SDN BHD
1. INTRODUCTION The Board of Directors of Malton wishes to announce that the Company had on 22 January 2016 entered into a conditional subscription agreement ( SA ) with Memang Perkasa Sdn Bhd ( MPSB )
More informationJOINT VENTURE AGREEMENT ENTERED INTO BETWEEN E&J BUILDERS SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF M-MODE, AND REXALLENT CONSTRUCTION SDN BHD
1. INTRODUCTION Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of M-MODE wishes to announce that E&J Builders Sdn Bhd ( EJBSB
More informationLAY HONG BERHAD ( LHB OR THE COMPANY )
LAY HONG BERHAD ( LHB OR THE COMPANY ) CONDITIONAL LETTER OF INTENT IN RELATION TO THE PROPOSED ACQUISITION OF 100% INTEREST IN TAKASO SC (THAILAND) LIMITED, A WHOLLY-OWNED SUBSIDIARY OF TAKASO RESOURCES
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 information(TWPH, DOFICO and TVDP are collectively referred to as the Parties and Party means either one of them)
TIEN WAH PRESS HOLDINGS BERHAD ( TWPH OR THE COMPANY ) TERMINATION OF JOINT VENTURE AGREEMENT WITH DONG NAI FOOD INDUSTRIAL CORPORATION, VIETNAM ( DOFICO ) AND ACQUISITION OF THE REMAINING 50% SHARES HELD
More information