Showing posts with label KLSE. Show all posts
Showing posts with label KLSE. Show all posts
Sunday, April 6, 2008
KLSE Announcment: BOLTON BERHAD
DISPOSAL BY NOBLE ACCORD SDN. BHD. ("NASB"), A WHOLLY OWNED SUBSIDIARY OF BOLTON, OF ALL THAT PARCEL OF FREEHOLD LAND HELD UNDER H. S. (D) 80171, PT NO. 68, SECTION 69, BANDAR KUALA LUMPUR, DAERAH WILAYAH PERSEKUTUAN, TOGETHER WITH AN EXISTING BUILDING KNOWN AS "HOTEL MIDAH" ERECTED THEREON, FOR A TOTAL CASH CONSIDERATION OF RM26.0 MILLION ("HOTEL DISPOSAL")- DISPOSAL BY BOLTON OF ITS 100% EQUITY INTEREST IN NASB FOR A TOTAL NOMINAL CASH CONSIDERATION OF RM1,000 ("NASB DISPOSAL")(COLLECTIVELY "THE DISPOSALS")
(KLSE 31-3-2008)
KLSE Announcement:HUA YANG BERHAD
- Acquisition of a piece of vacant land by Grandeur Park Sdn Bhd, a wholly owned subsidiary of HYB for a cash consideration of RM7,000,000.00 only (“Land Transaction”)
The Board of Directors of HYB is pleased to announce that its wholly owned subsidiary company, i.e. Grandeur Park Sdn Bhd (Company No. 201863-A) (“GPSB”) has on 28 March 2008 entered into a Sale and Purchase Agreement (“SPA”) with Saratogoa Sdn. Bhd. (Company No. 52341-P) (“SSB”) (Receiver Appointed) (In Liquidation) to acquire a piece of vacant land held under title bearing PTD 119789, HSD 261477, Mukim Plentong, District of Johor Bahru, State of Johor (“the said Land”) for a total cash consideration of RM7,000,000.00 only. GPSB has successfully tendered for the said Land on an “as is where is” basis, as a result of a tender exercise under taken by SSB.
(KLSE 31-3-2008)
MAH SING GROUP BERHAD
A) PROPOSED EN BLOC SALE OF 263,435 SQUARE FEET IN THE EAST WING OF THE ICON@TUN RAZAK, FOR A TOTAL CASH CONSIDERATION OF RM237,091,500 ("PROPOSED JTR EN BLOC SALE"); AND(B) PROPOSED EN BLOC SALE OF 380,510 SQUARE FEET IN THE ICON@MONT KIARA, FOR A TOTAL CASH CONSIDERATION OF RM285,382,500 ("PROPOSED MTK EN BLOC SALE").(COLLECTIVELY REFERRED TO AS "PROPOSED EN BLOC SALES")
(KLSE 31-3-2008)
KLSE Announcement: Mah Sing Group Berhad
We refer to our announcements on 29 January 2007 and 27 April 2007 in relation to the Proposed Development.The Proposed Development is conditional, inter alia, upon the fulfillment of the following Conditions Precedent ("CP"):i) That within six (6) months from the date of the development agreement (“DA”) in respect of the Proposed Development (or such extension as may be agreed in writing by SPD), FBSB shall procure the issuance of Form 5A and SPD agrees to pay all payments in relation to the Form 5A on behalf of FBSB to the appropriate authorities within three (3) months from the issuance of Form 5A;ii) That within three (3) months from the date of full payments to the appropriate authorities pursuant to the Form 5A (or such extension as may be agreed in writing by SPD), the issue of land title in the name of FBSB for a lease term of 99 years and free from all encumbrances and FBSB shall deposit the land title on issue thereof with SPD; andiii) That within six (6) months from the date of issue of land title and the deposit of the same with SPD (or such extension as may be agreed in writing by SPD), the procurement of the written consent of the Foreign Investment Committee (“FIC Approval”) on the Proposed Development.Save for the FIC Approval which was received on 27 April 2007, the other CPs which were critical to the Proposed Development have not been fulfilled within the six (6) months period from the date of the DA and the subsequent extension of time granted by SPD to FBSB. The Board of Directors of Mah Sing (“Board”), after due deliberation and consideration, is of the opinion that the prolonged delay on the fulfillment of CPs is deemed not to be in the interest of SPD to proceed further with the Proposed Development. Hence, the Board wishes to announce that SPD has, on 28 March 2008, exercised its rights under the DA to call for a termination of the DA (“Termination”).Pursuant to the Termination, the deposit of RM420,000 paid by SPD upon execution of the DA will be refunded by FBSB to SPD in accordance to the terms of the DA. The Termination is not expected to materially affect the future earnings of the Group.This announcement is dated 31 March 2008.
(KLSE 31-3-2008)
MEDA INC. BERHAD
PROPOSED SALE BY MEDA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MEDA INC BERHAD, OF ALL PROPERTY UNITS OWNED BY MEDA DEVELOPMENT SDN BHD LOCATED WITHIN THE COMMERCIAL MIXED DEVELOPMENT BUILDINGS KNOWN AS “THE SUMMIT SUBANG USJ” COMPRISING, INTER-ALIA, A RETAIL PODIUM, AN OFFICE TOWER BLOCK, A HOTEL BUILDING AND CAR PARKING BAYS TO MAYBAN TRUSTEES BERHAD, BEING THE TRUSTEE FOR AmFIRST REAL ESTATE INVESTMENT TRUST FOR AN AGGREGATE CASH CONSIDERATION OF RM260.0 MILLION ("PROPOSED SALE")
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We refer to the announcements dated 1 August 2007, 29 August 2007, 31 October 2007, 30 November 2007, 31 December 2007 and 13 March 2008 made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Meda (“Board”), in relation to the Proposed Sale (“Announcements”). Unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Announcements.KIBB, on behalf of the Board, is pleased to announce that the Proposed Sale was completed on 31 March 2008 in accordance with the terms of the Revised Agreement. This announcement is dated 31 March 2008.
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We refer to the announcements dated 1 August 2007, 29 August 2007, 31 October 2007, 30 November 2007, 31 December 2007 and 13 March 2008 made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Meda (“Board”), in relation to the Proposed Sale (“Announcements”). Unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Announcements.KIBB, on behalf of the Board, is pleased to announce that the Proposed Sale was completed on 31 March 2008 in accordance with the terms of the Revised Agreement. This announcement is dated 31 March 2008.
(KLSE 31-3-2008)
LION DIVERSIFIED HOLDINGS BERHAD
Proposed acquisition of 4 pieces of land measuring a total of 200,610 square metres by Changshu Lion Enterprise Co., Ltd located on Parcel No. 6A, 6B, 8A and 8B, Yin Feng Road, Changshu Southeast Economic Development Zone, Changshu City, Jiangsu Province, the People’s Republic of China (“Changshu Lands”) for a total cash consideration of approximately Rmb330 million (equivalent to approximately RM151.68 million)
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
(KLSE 31-3-2008)
LION DIVERSIFIED HOLDINGS BERHAD
Proposed acquisition of 4 pieces of land measuring a total of 200,610 square metres by Changshu Lion Enterprise Co., Ltd located on Parcel No. 6A, 6B, 8A and 8B, Yin Feng Road, Changshu Southeast Economic Development Zone, Changshu City, Jiangsu Province, the People’s Republic of China (“Changshu Lands”) for a total cash consideration of approximately Rmb330 million (equivalent to approximately RM151.68 million)
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
(KLSE 31-3-2008)
LION DIVERSIFIED HOLDINGS BERHAD
Proposed acquisition of 4 pieces of land measuring a total of 200,610 square metres by Changshu Lion Enterprise Co., Ltd located on Parcel No. 6A, 6B, 8A and 8B, Yin Feng Road, Changshu Southeast Economic Development Zone, Changshu City, Jiangsu Province, the People’s Republic of China (“Changshu Lands”) for a total cash consideration of approximately Rmb330 million (equivalent to approximately RM151.68 million)
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
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The Board of Directors of LDHB wishes to announce that Changshu Lion Enterprise Co., Ltd, a wholly-owned subsidiary of Well Morning Limited, which in turn is a wholly-owned subsidiary of LDHB had entered into the following sale and purchase agreements upon the successful tender of the Changshu Lands: (i) a conditional sale and purchase agreement dated 4 January 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 1 piece of land (Parcel No. 6A) for a cash consideration of approximately Rmb157.59 million (equivalent to approximately RM72.49 million); and (ii) the respective conditional sale and purchase agreements all dated 28 March 2008 with the Land Department of Changshu City, Jiangsu Province for the acquisition of 3 pieces of land (Parcel No. 6B, 8A and 8B) for a total cash consideration of approximately Rmb172.13 million (equivalent to approximately RM79.18 million).
(KLSE 31-3-2008)
KLSE Announcment: AXIS REAL ESTATE INVESTMENT TRUST
AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" or "the Fund") - PROPOSED ACQUISITION OF A FREEHOLD INDUSTRIAL FACTORY ON PART OF LOT NO. 211 MUKIM OF SENAI-KULAI, JOHOR BAHRU FROM WELL-BUILT HOLDINGS SDN BHD FOR RM14.0 MILLION
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PROPOSED ACQUISITION BY Axis-REIT OF A FREEHOLD INDUSTRIAL FACTORY WITH ANCILLARY BUILDINGS WITH AN APPROXIMATE BUILT-UP AREA OF 11,657.10 SQ. METRES ERECTED ON PART OF LOT NO. 211 MUKIM OF SENAI-KULAI, DISTRICT OF JOHOR BAHRU MEASURING APPROXIMATELY 5.335 ACRES (2.159 HECTARES), HELD UNDER MASTER TITLE GM 1171 FOR LOT 211, IN TEMPAT SEELONG, MUKIM SENAI-KULAI DAERAH KULAI STATE OF JOHOR (THE “PROPERTY”) FROM WELL-BUILT HOLDINGS SDN BHD (NO. 366020-V) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM 14.0 MILLION (“PROPOSED ACQUISITION OF THE PROPERTY”)
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PROPOSED ACQUISITION BY Axis-REIT OF A FREEHOLD INDUSTRIAL FACTORY WITH ANCILLARY BUILDINGS WITH AN APPROXIMATE BUILT-UP AREA OF 11,657.10 SQ. METRES ERECTED ON PART OF LOT NO. 211 MUKIM OF SENAI-KULAI, DISTRICT OF JOHOR BAHRU MEASURING APPROXIMATELY 5.335 ACRES (2.159 HECTARES), HELD UNDER MASTER TITLE GM 1171 FOR LOT 211, IN TEMPAT SEELONG, MUKIM SENAI-KULAI DAERAH KULAI STATE OF JOHOR (THE “PROPERTY”) FROM WELL-BUILT HOLDINGS SDN BHD (NO. 366020-V) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM 14.0 MILLION (“PROPOSED ACQUISITION OF THE PROPERTY”)
(KLSE 1-4-2008)
KLSE Announcement: SELANGOR DREDGING BERHAD
Proposed acquisition of three (3) parcels of land in Bandar Batu Feringgi, Daerah Timor Laut, Pulau Pinang for a total cash consideration of RM24,567,960.00 by Crescent Consortium Sdn Bhd (“CCSB”), a wholly-owned subsidiary of SDB Properties Sdn Bhd, which in turn is a wholly-owned subsidiary of SDB
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We refer to the announcement made on 18 January 2008 and would like to announce that the Foreign Investment Committee (“FIC”) has approved the Proposed Acquisition, subject to the condition that, CCSB is required to increase its paid-up capital to at least RM100,000.00 within six (6) months from the date of the FIC’s approval. This announcement is dated 2 April 2008.
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We refer to the announcement made on 18 January 2008 and would like to announce that the Foreign Investment Committee (“FIC”) has approved the Proposed Acquisition, subject to the condition that, CCSB is required to increase its paid-up capital to at least RM100,000.00 within six (6) months from the date of the FIC’s approval. This announcement is dated 2 April 2008.
(KLSE 2-4-2008)
KLSE Announcement: Mah Sing
Proposed acquisition of eight (8) pieces of contiguous Prime Freehold Land (“Land”) in Johor Bahru measuring approximately 60.43 acres through Mah Sing’s wholly-owned subsidiary company, Mah Sing Properties Sdn Bhd for a total cash consideration of RM21,059,853.05 or approximately RM8.00 per square foot ("Proposed Acquisition")
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Further to our announcements on 3 January 2008 and 28 February 2008, the Board of Directors of Mah Sing wishes to announce that save for one (1) piece of Land held under GM 383, Lot 1910, Tempat Kangkar Pulai, Mukim Senai-Kulai, Negeri Johor (“Outstanding Transaction”), the sale and purchase transactions for all the other seven (7) pieces of Land pursuant to the Proposed Acquisition have been duly completed.The Outstanding Transaction shall be completed upon the delivery of vacant possession by the vendor at a later stage.This announcement is dated 3 April 2008.
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Further to our announcements on 3 January 2008 and 28 February 2008, the Board of Directors of Mah Sing wishes to announce that save for one (1) piece of Land held under GM 383, Lot 1910, Tempat Kangkar Pulai, Mukim Senai-Kulai, Negeri Johor (“Outstanding Transaction”), the sale and purchase transactions for all the other seven (7) pieces of Land pursuant to the Proposed Acquisition have been duly completed.The Outstanding Transaction shall be completed upon the delivery of vacant possession by the vendor at a later stage.This announcement is dated 3 April 2008.
(KLSE 3-4-2008)
Wednesday, March 26, 2008
Klse Announcement: PARAMOUNT CORPORATION BERHAD (“PARAMOUNT” OR “THE COMPANY”)
PROPOSED ACQUISITION BY JANAHASIL SDN BHD (“JSB” OR “THE PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF KDU COLLEGE SDN BHD, WHICH IS, IN TURN, A 85% OWNED SUBSIDIARY OF THE COMPANY, OF A 10-ACRE FREEHOLD AGRICULTURAL LAND FORMING PART OF THE LAND HELD UNDER H.S. (D) 450559 NO. LOT PTD 153275 IN MUKIM PULAI, DAERAH JOHOR BAHRU, JOHOR DARUL TAKZIM FROM NUSAJAYA RISE SDN BHD AND UEM LAND SDN BHD AT A TOTAL CASH CONSIDERATION OF RM13,068,000.00
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JSB, a wholly-owned subsidiary of KDU College Sdn Bhd, which is, in turn, a 85% owned subsidiary of Paramount, has on even date entered into a Sale and Purchase Agreement (“SPA”) with Nusajaya Rise Sdn Bhd (Nusajaya Rise) and UEM Land Sdn Bhd (UEM Land), a wholly-owned subsidiary of UEM World Berhad, for the acquisition of a 10-acre freehold agricultural land forming part of the land held under H.S. (D) 450559 No. Lot PTD 153275 in Mukim Pulai, Daerah Johor Bahru, Johor Darul Takzim at a total cash consideration of RM13,068,000.00.
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JSB, a wholly-owned subsidiary of KDU College Sdn Bhd, which is, in turn, a 85% owned subsidiary of Paramount, has on even date entered into a Sale and Purchase Agreement (“SPA”) with Nusajaya Rise Sdn Bhd (Nusajaya Rise) and UEM Land Sdn Bhd (UEM Land), a wholly-owned subsidiary of UEM World Berhad, for the acquisition of a 10-acre freehold agricultural land forming part of the land held under H.S. (D) 450559 No. Lot PTD 153275 in Mukim Pulai, Daerah Johor Bahru, Johor Darul Takzim at a total cash consideration of RM13,068,000.00.
(KLSE 24-3-2008)
Tuesday, March 25, 2008
KLSE Annoucement: KKB ENGINEERING BERHAD
PROPOSED ACQUISITION OF A PARCEL OF PROVISIONAL LEASEHOLD LAND OF APPROXIMATELY 27.6 HECTARES TOGETHER WITH BUILDINGS THEREON FROM CMS STEEL BERHAD, A SUBSIDIARY OF CAHYA MATA SARAWAK BERHAD FOR A TOTAL PURCHASE CONSIDERATION OF RM32,000,000 TO BE SATISFIED BY THE ISSUANCE OF 16,000,000 NEW ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN KKB AT AN ISSUE PRICE OF RM2.00 PER SHARE (“PROPOSED ACQUISITION”) On behalf of the Board of Directors of KKB, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the shareholders of the Company had passed the resolution pertaining to the Proposed Acquisition tabled at the Extraordinary General Meeting of the Company held today.This announcement is dated 24 March 2008.
(KLSE 24-3-2008)
Saturday, March 22, 2008
New Announcement: HELP INTERNATIONAL CORPORATION BERHAD
(I) PROPOSED SHAREHOLDERS' RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED RATIFICATION”)(II) PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS’ MANDATE")(III) PROPOSED ACQUISITION OF LANDS MEASURING APPROXIMATELY 1,014,512.40 SQUARE FEET (23.29 ACRES) LOCATED IN THE MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR BY HELP UNIVERSITY COLLEGE SDN BHD (“HUC” OR THE “PURCHASER”), A WHOLLY OWNED SUBSIDIARY OF HIC FROM JUTA PERMAI (M) SDN BHD (“JPSB” OR THE “VENDOR”) FOR A TOTAL CASH CONSIDERATION OF RM20,290,248 (“PROPOSED ACQUISITION”)(IV) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION")(COLLECTIVELY KNOWN AS THE "PROPOSALS")
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On behalf of the Board of Directors of HELP International Corporation Berhad (“HIC”) (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce the following proposals:-(i) Proposed shareholders’ ratification for transactions already entered into from 22 May 2007, i.e. the date of listing of the Company (“Listing Date”) until its forthcoming extraordinary general meeting (“EGM”) (“Proposed Ratification”);(ii) Proposed shareholders’ mandate for recurrent related party transactions (“RRPTs”) of a revenue or trading nature (“Proposed Shareholders’ Mandate”);(iii) Proposed acquisition by Help University College Sdn Bhd (“HUC” or the “Purchaser”), a wholly owned subsidiary of HIC from Juta Permai (M) Sdn Bhd (“JPSB” or the “Vendor”) of all that parcels of leasehold land measuring approximately 1,014,512.40 square feet (23.29 acres) all in Seksyen U4 (Subang Delima), Mukim of Sungai Buloh, District of Petaling, State of Selangor (“Lands”) for a total cash consideration of RM20,290,248 (“Proposed Acquisition”); and(iv) Proposed adoption of new Articles of Association of HIC (“Proposed Adoption”).(Collectively known as the “Proposals”).Further details of the Proposals are enclosed in the attachment below. This announcement is dated 14 March 2008.
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On behalf of the Board of Directors of HELP International Corporation Berhad (“HIC”) (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce the following proposals:-(i) Proposed shareholders’ ratification for transactions already entered into from 22 May 2007, i.e. the date of listing of the Company (“Listing Date”) until its forthcoming extraordinary general meeting (“EGM”) (“Proposed Ratification”);(ii) Proposed shareholders’ mandate for recurrent related party transactions (“RRPTs”) of a revenue or trading nature (“Proposed Shareholders’ Mandate”);(iii) Proposed acquisition by Help University College Sdn Bhd (“HUC” or the “Purchaser”), a wholly owned subsidiary of HIC from Juta Permai (M) Sdn Bhd (“JPSB” or the “Vendor”) of all that parcels of leasehold land measuring approximately 1,014,512.40 square feet (23.29 acres) all in Seksyen U4 (Subang Delima), Mukim of Sungai Buloh, District of Petaling, State of Selangor (“Lands”) for a total cash consideration of RM20,290,248 (“Proposed Acquisition”); and(iv) Proposed adoption of new Articles of Association of HIC (“Proposed Adoption”).(Collectively known as the “Proposals”).Further details of the Proposals are enclosed in the attachment below. This announcement is dated 14 March 2008.
(KLSE 14-3-2008)
Klse Announcement: SP Setia
PROPOSED ACQUISITION BY SETIA ECO VILLA SDN BHD (FORMERLY KNOWN AS OPTAGREEN SDN BHD) ("SETIA ECO VILLA" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF S P SETIA, OF APPROXIMATELY 156.38 ACRES OF FREEHOLD LANDS HELD UNDER 3 TITLES SITUATED IN THE MUKIM OF DENGKIL, DISTRICT OF SEPANG FROM CYBERVIEW SDN BHD ("CYBERVIEW" OR "PROPRIETOR") AND SETIA HARUMAN SDN BHD ("SETIA HARUMAN" OR "DEVELOPER") FOR A TOTAL PURCHASE CONSIDERATION OF RM190,599,393.60 ("PROPOSED ACQUISITION")Contents:
(Unless otherwise indicated, specified or defined (or re-defined as the case may be) in this announcement, the definitions in the announcements dated 25 July 2007, 25 January 2008 and 10 March 2008 apply throughout this announcement.)We refer to our announcements dated 25 July 2007, 25 January 2008 and 10 March 2008 in relation to the subject matter.The Proposed Acquisition was conditional, inter alia, upon the fulfillment of the following conditions precedent within a period of six (6) months from the date of the SPA ("Approval Period"): 1) procurement of approvals by the Developer from the relevant authorities for the layout plan and development order provided by the Purchaser on terms and conditions acceptable to the Purchaser; and 2) approval of the relevant authorities and/or other persons for the construction of the primary road connecting the Land from Cyberjaya to primary road at Precinct 11, Putrajaya.These conditions are deemed critical to the successful implementation of the proposed mid to high end development and formed the basis for the Land Purchase Consideration of RM169,299,393.60 or an average of RM24.85 psf.The Approval Period expired on 25 January 2008 with the above conditions precedent remaining unfulfilled. On 25 January 2008, the parties to the Proposed Acquisition ("Parties") agreed to extend the Approval Period by 45 days to expire on 10 March 2008 ("Extended Approval Period") for the purpose of enabling Setia Haruman, as the master developer of the Cyberjaya Flagship Zone, to procure the fulfillment of the above conditions precedent. Upon expiry of the Extended Approval Period the Parties agreed to a further extension of 7 days until 17 March 2008 to negotiate certain amendments to the terms of the SPA in view that the above critical conditions precedent had still not been fulfilled by Setia Haruman.The Board of Directors of S P Setia wishes to announce that given that the Parties have been unable to agree on the amendments to the terms of the SPA, the Parties have decided to mutually terminate the Proposed Acquisition due to non-fulfillment of the above conditions precedent.Pursuant to the above, the Deposit will be refunded to Purchaser in accordance to the terms of the SPA. The termination of the Proposed Acquisition is not expected to materially affect the future earnings of the Company.This announcement is dated 17 March 2008.
KLSE Announcement: BOLTON BERHAD
PROPOSED DISPOSAL BY NOBLE ACCORD SDN. BHD. ("NASB"), A WHOLLY OWNED SUBSIDIARY OF BOLTON, OF ALL THAT PARCEL OF FREEHOLD LAND HELD UNDER H. S. (D) 80171, PT NO. 68, SECTION 69, BANDAR KUALA LUMPUR, DAERAH WILAYAH PERSEKUTUAN, TOGETHER WITH AN EXISTING BUILDING KNOWN AS "HOTEL MIDAH" ERECTED THEREON, FOR A MAXIMUM CASH CONSIDERATION OF RM29.0 MILLION ("PROPOSED HOTEL MIDAH DISPOSAL")- PROPOSED DISPOSAL BY BOLTON OF ITS 100% EQUITY INTEREST IN NASB FOR A TOTAL NOMINAL CASH CONSIDERATION OF RM1,000 ("PROPOSED NASB DISPOSAL")("PROPOSED DISPOSALS")
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Further to the Company's announcements made on 28 September 2007 and 27 November 2007 pertaining to the Proposed Disposals, we wish to announce that pursuant to the Sale and Purchase Agreement and the Share Sale Agreement both dated 28 September 2007 entered into with EMZED Travel & Tours Sdn. Bhd. (Company No. 231333-A) (“EMZED”) for the Proposed Disposals, Bolton and NASB have agreed to extend the Extended Completion Period to 31 March 2008. All other terms and conditions in the agreements shall remain in full force and effect.
(KLSE 18-3-2008)
Klse Announcement: HELP INTERNATIONAL CORPORATION BERHAD
HELP INTERNATIONAL CORPORATION BERHAD ("HIC" OR THE "COMPANY")(I) PROPOSED SHAREHOLDERS' RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED RATIFICATION”);(II) PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS’ MANDATE");(III) PROPOSED ACQUISITION OF LANDS MEASURING APPROXIMATELY 1,014,512.40 SQUARE FEET (23.29 ACRES) LOCATED IN THE MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR BY HELP UNIVERSITY COLLEGE SDN BHD (“HUC” OR THE “PURCHASER”), A WHOLLY OWNED SUBSIDIARY OF HIC FROM JUTA PERMAI (M) SDN BHD (“JPSB” OR THE “VENDOR”) FOR A TOTAL CASH CONSIDERATION OF RM20,290,248 (“PROPOSED ACQUISITION”); AND(IV) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION")(COLLECTIVELY KNOWN AS THE "PROPOSALS")Contents:
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement. This announcement should be read in conjunction with the earlier announcement made on 14 March 2008 pursuant to the Proposals.We refer to our announcement dated 14 March 2008 and to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 18 March 2008 with regards to the above matter.Further to the above, we are pleased to furnish herewith additional information pertaining to the abovementioned Proposals as follows:1. Whether the Directors, major shareholders and persons connected with them are interested in the Proposed Acquisition:-Please refer to Section 6 of our earlier announcement dated 14 March 2008.This announcement is dated 19 March 2008.
(KLSE 19-3-2008)
KLSE Announcement: CENTURY LOGISTICS HOLDINGS BERHAD
PROPOSED DISPOSAL OF PROPERTY HELD UNDER GM 1544 LOT 1829, GM 1545 LOT 3399 AND GM 1546 LOT 1830, MUKIM AND DISTRICT OF KLANG, STATE OF SELANGOR ("PROPERTY") BY CENTURY TOTAL LOGISTICS SDN BHD ("CTL" ), A WHOLLY-OWNED SUBSIDIARY OF CENTURY, TO MAPLETREELOG (M) HOLDINGS SDN BHD ("PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF MAPLETREE LOGISTICS TRUST, A REAL ESTATE INVESTMENT TRUST LISTED ON THE SINGAPORE STOCK EXCHANGE, FOR A CASH CONSIDERATION OF RM32 MILLION (“PROPOSED DISPOSAL”)Further to Century's announcements on 22 May 2007 and 7 August 2007, the Board of Directors of Century wishes to announce that CTL had, on 21 March 2008, been notified by its solicitors that the transfer of the Property to the Purchaser have been registered. As such the final balance sum, amounting to RM12,624,353 together with accrued interest thereon, is receivable by CTL. With the release of the final balance sum above, the Proposed Disposal is fully completed.(KLSE 21-3-2008)
Tuesday, March 4, 2008
Saturday, March 1, 2008
Company Announcement: CBS TECHNOLOGY BERHAD (MESDAQ Market)
ACQUISITION OF A PIECE OF VACANT INDUSTRIAL LOT KNOWN AS LOT 5, JALAN TEKNOLOGI, TAMAN SAINS SELANGOR 1, KOTA DAMANSARA, SITUATED IN THE MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, SELANGOR (“LAND ACQUISITION”) The Board of Directors of CBS Technology Berhad (“CBS”) wishes to announce that the Land Acquisition by Cyber Business Solutions Sdn Bhd, a wholly owned subsidiary of CBS had been duly completed on 29 February 2008 upon settlement of the final payment of the balance of the purchase consideration for the Land Acquisition.
(KLSE 29-2-2008)
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