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Wednesday, February 6, 2008

Company Announcement: IBRACO BERHAD:PROPOSED DISPOSAL OF LANDED PROPERTIES BY IBRACO SHINE SDN. BHD.

The Board of Directors of Ibraco ("Board"), wishes to announce that ISSB had on 5 February 2008, entered into the following conditional sale and purchase agreements ("CSPAs"):-

(i) a conditional sale and purchase agreement (“CSPA1”) with Siverdrum Corporation Sdn Bhd (“SCSB”) for the disposal of mixed-zone lands of an aggregate land area of approximately 46.3 acres (“Her Chuan North Land”) located at Muara Tebas Land District, Kuching, Sarawak for a total cash consideration of RM40.3 million ("Proposed Disposal 1"); and

(ii) a conditional sale and purchase agreement (“CSPA 2”) with Coramax Sdn Bhd (“CSB”) for the disposal of mixed-zone lands of an aggregate land area of approximately 12.8 acres (“Her Chuan South Land”) located at Muara Tebas Land District, Kuching, Sarawak for a total cash consideration of RM11.2 million (“Proposed Disposal 2”). Read More

(5-2-2008 KLSE)

Company Announcement: SP Setia

PROPOSED DISPOSAL BY AMBLESIDE SDN BHD ("AMBLESIDE"), A SUBSIDIARY COMPANY OF S P SETIA BERHAD ("S P SETIA"), OF A PIECE OF LEASEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY 14.5 ACRES ("LAND") HELD UNDER H.S.(D) 83614, LOT PTD 1019, MUKIM OF ULU KELANG, DISTRICT OF KUALA LUMPUR TO AEON CO. (M) BHD ("AEON") FOR A CASH CONSIDERATION OF RM53,687,700 ("DISPOSAL CONSIDERATION") ("PROPOSED DISPOSAL")


(5-2-2008 KLSE)

Company Announcement: S P SETIA BERHAD

(I) ACQUISITION BY KESAS KENANGAN SDN BHD ("KESAS KENANGAN"), A WHOLLY OWNED SUBSIDIARY OF S P SETIA'S WHOLLY OWNED SUBSIDIARY, FUTURECREST (M) SDN BHD ("FUTURECREST"), OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 948.703 ACRES AND HELD UNDER VARIOUS TITLES SITUATED IN MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU FROM KAWASAN MESTIKA SDN BHD AS VENDOR AND GAN THENG ENTERPRISE SDN BHD AS PROPRIETOR FOR A TOTAL CASH CONSIDERATION OF RM227,290,264.74 ("ACQUISITION"); AND

(II) PROPOSED ISSUANCE BY KESAS KENANGAN OF 29,999,998 ORDINARY SHARES OF RM1.00 EACH ("SHARES") AT AN ISSUE PRICE OF RM1.00 PER SHARE AND 70,000,000 CUMULATIVE REDEEMABLE PREFERENCE SHARES OF RM0.01 EACH ("RPS") AT AN ISSUE PRICE OF RM1.00 PER RPS TO FUTURECREST AND TOPASIA PROJECTS SDN BHD ("PROPOSED JOINT VENTURE") Read More

(5-2-2008 KLSE)

Company Annoucement:Proposed Acquisitions By Seleksi Megah Sdn Bhd

In compliance with paragraph 10.11(2)(a) and (c) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Paramount wishes to announce that SMSB, a wholly-owned subsidiary, had entered into the following Agreements (“SPA’s”) for the purchase of the contiguous lands from parties connected with one another:
i) SPA dated 21 September 2007 for the acquisition of a piece of leasehold vacant industrial land known as Lot 7, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor Darul Ehsan measuring 5.12 acres or 223,027 square feet (“Lot 7”) from Oji Screens Sdn Bhd (“OJI”) for a total cash consideration of RM20,518,484/-; and

ii) SPA dated 5 February 2008 for the acquisition of a piece of leasehold vacant industrial land known as Lot 9, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor Darul Ehsan measuring 4.33 acres or 188,615 square feet (“Lot 9”) from Sunhom Sdn Bhd (“SSB”) for a total cash consideration of RM19,410,790/-. Read More

(5-2-2008 KLSE)

Hektar REIT Pays Higher Dividends

KUALA LUMPUR: Hektar Real Estate Investment Trust has announced that the dividend per unit for the 13-month period ended Dec 31, 2007 would be 10.71 sen, 11.2% higher than it had forecast in its prospectus. In a statement, it said gross revenue for the year reached RM78.3mil, which was 5% above forecast and net income (realised) stood at RM36.7mil. Hektar REIT, managed by Hektar Asset Management Sdn Bhd, reported net income per unit of 11.46 sen, which was 19% higher than forecast when the REIT was launched in December 2006. Read More
(6-2-2008 The Star)

Brisk Sales At Nam Fatt's Gallery@U-Thant


KUALA LUMPUR: Nam Fatt Corp Bhd has sold over 80% of the condominium units of the recently launched Gallery@U-Thant.In a statement, it said Gallery@U-Thant, which is located in the upscale embassy residential area, was the company's maiden foray into the super high-end residential market.Gallery is a niche 50-unit development with a gross development value of over RM200mil. Most of the units were sold within 90 days of the sales launch, largely through private invitation in collaboration with Colliers International Property Consultants, it said. Read More


(6-2-2008 The Star)