Bonus, Rights Issues as at 14th March 2012

Filed Under (Other News) by Webmaster on 13-03-2012

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AmFIRST REIT

Announcement date:  March 8, 2012

 

Proposed renounceable rights issue on the basis of three rights units for every five existing units in AmFIRST REIT at an entitlement date to be determined later.

 

Berjaya Corporation

Announcement date:  March 5, 2012

 

Lodgement date: March 19, 2012

 

Renounceable rights issue of up to RM764,240,189 nominal value of 10-year 5% irredeemable convertible unsecured loan stocks (new ICULS) at 100% of its nominal value together with up to 764,240,189 free detachable warrants on the basis of one RM1.00 nominal value of new ICULS and one warrant for every six existing ordinary shares of RM1,00 each held.

 

Berjaya Food

Announcement date: March 2, 2012

 

Proposed renounceable rights issue of up to 118,944,800 ordinary shares of RM0.50 each, together with up to 118,944,800 new free warrants on the basis of four rights shares together with four warrants for every five shares held on an entitlement date to be determined and announced later.

 

CCK Consolidated

Announcement date: February 29, 2012

 

Lodgement date: March 15, 2012

 

Distribution of one treasury share for every fifteen existing ordinary shares of RM0.50 each held.

 

C.I. Holdings Bhd

Announcement date: March 5, 2012

 

Lodgement date: March 20, 2012

 

Capital repayment of RM0.50 per ordinary share of RM1.00 each in C.I. Holdings Bhd.

 

Destini Bhd

Announcement date: February 17, 2012

 

1) Proposed share capital reduction involving the reduction of the par value of each existing ordinary shares of RM0.50 each in Destini to ordinary shares of RM0.10 each by the cancellation of RM0.40 of the par value.

 

2) Proposed renounceable rights issue of 200,000,000 new Destini shares on the basis of five rights shares for every two existing Destini shares held on an entitlement date to be determined later after the proposed capital reduction.

 

Dolomite

Announcement date: January 17, 2012

 

Proposed renounceable rights issue of up to 26,272,721 new redeemable convertible preference shares of RM0.01 each in DCB together with up to 26,272,721 new free detachable warrants at an indicative issue price of RM0.50 per Rights RCPS on the basis of one Rights RCPS together with one warrant for every ten existing ordinary shares of RM0.50 each held in DCB.

 

Ewein Bhd

Announcement date: February 29, 2012

 

Proposed bonus issue of 52,731,300 free warrants in Ewein on the basis of one free warrant for every two existing ordinary shares of RM0.50 each in Ewein held on an entitlement date to be determined later.

 

Fajarbaru Builder Group

Announcement date: February 28, 2012

 

Lodgement date: March 21, 2012

 

Distribution of one treasury share for every thirty five ordinary shares of RM0.50 each held.

 

Fast Track Solution

Announcement date: March 5, 2012

 

Proposed renounceable rights issue of up to 153,747,000 new ordinary shares of RM0.10 each together with up to 102,498,000 free detachable warrants at an indicative issue price of RM0.10 per rights shares on the basis of three rights shares for every two existing ordinary shares of RM0.10 each held together with two free warrants for every three rights shares subscribed at an entitlement date to be determined later.

 

GPRO

Announcement date: January 20, 2012

 

1) Proposed reduction of the issued and paid-up share capital of GPRO involving the cancellation of RM0.09 of the par value of each existing ordinary share of RM0.10 in GPRO pursuant to Section 64 of the Companies Acts, 1965.

 

2) Proposed renounceable rights issue up to 253,994,100 new ordinary shares of RM0.01 each in GPRO together with up to 253,994,100 free new detachable warrants at an issue price of RM0.10 per rights share on the basis of one rights share together with one warrant for every one existing ordinary share of RM0.01 each in GPRO on an entitlement date to be determined and announced later.

 

Haisan Resources

Announcement date: December 21, 2011

 

1) Proposed reduction of Haisan’s issued and paid-up share capital involving the cancellation of RM0.45 of the par value of each existing ordinary share of RM0.50 each in Haisan pursuant to Section 64 of the Companies Act, 1965.

 

2) Proposed renounceable rights issue of up to 268,469,666 new ordinary shares of RM0.05 each in Haisan together with up to 134,234,833 free detachable warrants at an issue price of RM0.05 per rights share on the basis of ten rights shares together with five warrants for every three ordinary shares of RM0.05 each in Haisan held after the proposed capital reduction, based on a minimum subscription level of 80,000,000 rights shares together with 40,000,000 warrants on an entitlement date to be determined and announced later.

 

Hartalega Holdings

Announcement date: February 22, 2012

 

1) Proposed bonus one-for-one.

 

2) Proposed a free warrants issue of up to 74,330,988 free warrants on the basis of one free warrant for every five existing shares hled on the same entitlement date as the proposed bonus issue.

 

Hock Seng Lee

Announcement date: February 28, 2012

 

Lodgement date: March 28, 2012

 

Distribution of share dividend on the basis of one treasury share for every fifty existing ordinary shares of RM0.20 each held, fractions of treasury shares are to be disregarded.

 

Hubline Bhd

Announcement date: March 5, 2012

 

2) Proposed bonus issue of 46,500,000 shares on the basis of one bonus share for every four rights shares subscribed.

 

MBM Resources

Announcement date: February 24, 2012

 

1) Proposed bonus three-for-ten.

 

2) Proposed renounceable rights issue of up to 73,652,300 new shares together with up to 73,652,300 new free detachable warrants on the basis of three rights shares with three free warrants for every ten existing shares held.

 

Meda Inc Bhd

Announcement date: March 7, 2012

 

Proposed bonus issue of up to 131,735,236 free warrants in Meda at an exercise price of RM0.60 per ordinary share of RM0.50 each in Meda at a step-up mechanism whereby the warrants will be adjusted upwards by RM0.10 at the expiry of every two anniversary years from the date of issuance on the basis of one free warrant for every four existing Meda shares held on an entitlement date to be determined later.

 

Melewar

Announcement date: January 31, 2012

 

1) Proposed share capital reduction via the cancellation of RM0.75 of the par value of every existing ordinary share of RM1.00 each in the issued and paid-up share capital of Melewar Industrial Group Bhd (MIG) pursuant to Section 64(1) of the Act.

 

2) Proposed renounceable rights issue of 150,348,539 new MIG shares at an indicative issue price of RM0.40 per rights share on the basis of two rights shares for every three existing MIG shares held on an entitlement date to be determined after the proposed share capital reduction.

 

Notion VTEC Bhd

Announcement date: February 20, 2012

 

1) Proposed bonus three-for-four.

 

2) Proposed issue of up to 46,303,507 free warrants (Warrant B) on the basis of one Warrant B for every four existing shares held.

 

PA Resources

Announcement date: February 24, 2012

 

1) Proposed share capital reduction via the cancellation of RM0.40 of the par value of every existing ordinary shares of RM0.50 each in PA Resources Bhd (PARB) pursuant to Section 64(1) of the Companies Act, 1965 and the credit arising therefrom to be offset against the accumulated losses in PARB.

 

2) Proposed renounceable rights issue of up to 894,623,100 new ordinary shares of RM0.10 each in PARB at an indicative issue price of RM0.10 per rights share on the basis of seven rights shares for every two PARB shares held on an entitlement date to be determined later after the proposed share capital reduction.

 

3) Proposed exemption under paragraph 16.1 of Practice Note 9 Of The Malaysian Code On Take-Overs And Mergers, 2010 to Chong Sze San and the parties acting in concert with him from the obligation to undertake a mandatory take-over offer for all the remaining PARB shares and outstanding warrants of PARB not already held by them pursuant to the proposed rights issue.

 

RCE Capital Bhd

Announcement date: February 14, 2012

 

1) Proposed bonus one-for-two.

 

2) Proposed renounceable rights issue of up to 479,198,444 new redeemable convertible non-cumulative preference shares (RCPS) of RM0.10 each in RCE on the basis of two RCPS for every five shares held after the proposed bonus issue.

 

R&A Telecomunication

Announcement date: March 7, 2012

 

Lodgement date: March 22, 2012

 

Bonus issue of 87,896,600 warrants on the basis of one free warrant for every ten existing ordinary shares of RM0.10 each in R & A held.

 

Saag Consolidated

Announcement date: February 13, 2012

 

1) Proposed restricted issue of a value of RM100 million new ordinary shares of RM0.10 each in Saag at an issue price to be determined later with entitlement to free warrants (Warrants A) on the basis of one free Warrant A for every five restricted issue shares to investor(s) to be identified by the company.

 

2) Proposed issuance of up to 1,380,000,000 free warrants (Warrants B) to loan creditors.

 

3) Proposed renounceable rights issue of up to 3,035,906,443 new ordinary shares of RM0.10 each in Saag at an issue price of RM0.10 per rights share on the basis of seven rights shares for every five existing ordinary shares of RM0.10 each held in Saag at an entitlement date to be determined, together with up to 607,181,289 free detachable warrants (Warrants C) on the basis of one Warrant C for every five rights shares subscribed.

 

Scope Industries

Announcement date: March 1, 2012

 

Proposed issue of up to 59,000,000 free warrants on the basis of two free warrants for every ten ordinary shares of RM0.10 each held.

 

SMPC Corporation

Announcement date: March 8, 2012

 

Lodgement date: March 22, 2012

 

Reduction of RM58,180,469 from the issued and paid-up share capital of SMPC Corporation Bhd (SMPC) pursuant to Section 64(1) of the Companies Act, 1965, by way of cancellation of RM0.90 from the par value of the existing ordinary shares of RM1.00 each in SMPC and thereafter the consolidation of ten ordinary shares of RM0.10 each into one new ordinary share of RM1.00 each.

 

SMR Technologies

Announcement date: February 29, 2012

 

Proposed bonus issue of up to 92,906,999 warrants on the basis of one warrant for every two existing ordinary shares of RM0.10 each held on an entitlement date to be determined later.

 

Tambun

Announcement date: January 19, 2012

 

Proposed renounceable rights issue of up 88,400,000 new ordinary shares of RM0.50 each, together with 44,200,000 new free detachable warrants on the basis of two rights shares and one free warrant for every five existing ordinary shares of RM0.50 each held on an entitlement date to be determined later.

 

Tricubes Bhd

Announcement date: November 18, 2011

 

1) Proposed share premium reduction of up to RM9.93mil under Section 64 of the Companies Act, 1965.

 

2) Proposed private placement of up to 26,800,000 new ordinary shares of RM0.10 each to third party investors to be identified at an issue price to be determined.

 

3) Proposed renounceable rights issue of up to 107,200,000 new shares together with up to 53,600,000 free detachable warrants at an indicative issue price of RM0.10 per rights share on the basis of two rights shares together with one free warrant for every three shares held after the proposed share premium reduction and proposed private placement.

 

XDL

Announcement date: January 18, 2012

 

Proposed bonus one-for-two and renounceable rights issue of up to 241,999,945 warrants at an issue price of RM0.05 per warrant on the basis of one warrant for every two existing shares held by the entitled shareholders of the company on the same entitlement date as the proposed bonus issue

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Troubled Silverbird Majorshareholder sells shares

Filed Under (Business News) by Webmaster on 13-03-2012

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Suspended Silver Bird Group Bhd managing director Datuk Jackson Tan Han Kook and his wife Datin Ong Hooi Siang had their shareholdings in the company reduced further after they disposed of some shares on the open market.

 

A filing with Bursa Malaysia showed that Ong had disposed of 420,500 shares, representing 0.1% of the total issued and paid-up share capital of Silver Bird at 21.7 sen each last Friday.

 

Following the disposal, Ong still has a direct interest of 1.88%, or 7.66 million shares, in Silver Bird.

 

That portion represented Tan’s indirect interest in the company by virtue of the former being his spouse.

 

Ong still held an indirect interest of 6.54%, or 26.6 million shares, in Silver Bird through Tan.

 

Last month, an announcement to Bursa Malaysia indicated that 1.16 million of Tan’s shares had been sold on March 7 in addition to a further 2.97 million shares that had been forced-sold the day before for 17.8 sen while Ong also saw her portion of holdings being cut by 1.16 million on March 7.

 

The shares were forced-sold by Cimsec Nominees (Tempatan) Sdn Bhd and the couple’s combined shareholding stake had been cut to 8.53% as of yesterday from 9.55% when the forced-sale started at the beginning of this week.

 

Silver Bird is now categorised as a Practice Note 17 and Practice Note 1 company because it has not been able to repay its debts to the parties that had lent them money to do business.

 

Yesterday, Silver Bird lost one sen to close at 21 sen, with a volume of 2.54 million shares.

 

The board of Silver Bird had lodged a police report on Feb 26 in relation to the alleged financial irregularities

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Hong Leong Capital buys MIMB

Filed Under (Business News) by Webmaster on 13-03-2012

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Hong Leong Capital Bhd has received the approval from the Finance Ministry for its proposed acquisition of the entire equity interest in MIMB Investment Bank Bhd.

 

Hong Leong Capital is buying over MIMB from Hong Leong Bank Bhd.

 

The proposed acquisition is part of an exercise to rationalise the investment banking businesses involving MIMB and Hong Leong Investment Bank Bhd (HLIB).

 

The exercise involved a transfer of the entire business, assets and liabilities of HLIB to MIMB.

 

Hong Leong Capital said in an announcement to Bursa Malaysia that upon completion of its proposed acquisition of MIMB, HLIB would sell and vest the entire business, assets and liabilities of HLIB to MIMB.

 

Subsequently, HLIB would surrender its merchant banking licence to Bank Negara for cancellation.

 

Hong Leong Capital would thereafter dispose of its entire equity interest in the shell HLIB to Hong Leong Bank.

 

Upon completion of the business rationalisation, the investment banking business of the group would be undertaken solely by MIMB.

 

MIMB would then have become a wholly owned subsidiary of Hong Leong Capital.

 

HLIB, on the other hand, would cease to be a licensed institution and shall thereafter be wholly owned by Hong Leong Bank.

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