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Bursa Malaysia Securities Berhad (Bursa Securities) would like to announce that SILVER BIRD GROUP BERHAD (SILVER) has triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market Listing Requirements of Bursa Securities (Listing Requirements).

SILVER had announced on 29 February 2012 that it is considered a PN17 Company pursuant to Paragraph 2.1(d) and (f) of PN17.

Bursa Securities would like to emphasise that Bursa Securities will continue to monitor the progress of SILVER in respect of its compliance with the Listing Requirements.

Information on companies under Practice Note 17

As at 1 March 2012, there are a total of 17 companies under Practice Note 17 which represent 1.81% of the total number of 940 companies listed on Bursa Securities.

List of companies under Practice Note 17:-

1. DESTINI BERHAD (formerly known as SATANG HOLDINGS BERHAD)

2. HAISAN RESOURCES BERHAD

3. HO HUP CONSTRUCTION BERHAD

4. LINEAR CORPORATION BERHAD

5. LUSTER INDUSTRIES BHD

6. MAA GROUP BERHAD (formerly known as MAA HOLDINGS BERHAD)

7. MAXBIZ CORPORATION BERHAD

8. MITHRIL BERHAD

9. NGIU KEE CORPORATION (M) BERHAD

10. NV MULTI CORPORATION BERHAD

11. RAMUNIA HOLDINGS BERHAD

12. SELOGA HOLDINGS BERHAD

13. SILVER BIRD GROUP BERHAD

14. SUMATEC RESOURCES BERHAD

15. THE AYER MOLEK RUBBER COMPANY BERHAD

16. VASTALUX ENERGY BERHAD

17. VTI VINTAGE BERHAD

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Berjaya Group founder Tan Sri Vincent Tan will relist 7-Eleven Malaysia Bhd and its MOL Internet business next year to raise more than RM600 million combined.

Tan said he may relist MOL Global Bhd in Malaysia or Singapore, or go for a dual listing as its business is internationally focused.

MOL, which is said to have about one per cent stake in Facebook Inc, the world’s largest social networking service company, operates in Malaysia, Singapore, Indonesia, the Philippines, Thailand, India.

It is also making inroads into Turkey, Brazil and Vietnam.

“MOL is fairly profitable and has good growth currently. As for 7-Eleven, the company will be listed on its own, unlike previously,” Tan said at an event on Saturday.

7-El e ven, the pioneer and largest 24-hour convenience store operator in Malaysia, is a unit of Berjaya Retail Bhd, which was listed on Bursa Malaysia in 2010.

Berjaya Retail was delisted from the local bourse in May 2011

after an unconditional takeover offer by Premier Merchandise

Sdn Bhd, a company related to Tan.

The relistings of 7- Eleven and MOL are part of the billionaire’s

pledge to donate half of his wealth to charity during his life time, and also to reduce group borrowings, Tan said.

Forbes Magazine estimates Tan’s net worth at around US$1.2 billion (RM3.6 billion). Tan’s wealth could increase this year, thanks to the initial public offering of Facebook.

On Saturday, Tan pledged to transfer RM600 million worth of shares in two of his companies to the Better Malaysia Foundation, which he set up for charitable causes.

This would be done this year via RM400 million worth of shares in U-Mobile Telecommunication Bhd, which is expected to be listed on Bursa Malaysia in the third quarter of 2012, and RM200

million in the form of irredeemable convertible unsecured loans of Berjaya Corp Bhd (BCorp).

Tan said he plans to donate 10 per cent of 7-Eleven and MOL to the foundation, after the companies are relisted. 7-Eleven and MOL will each have a market capitalisation of over RM1 billion after relisting, Tan said

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1) Hong Kong-listed Samling Global Ltd (SGL) is proposing to take Lingui Developments Bhd and and its associate company, Glenealy Plantations (Malaya) Bhd, private.

Both companies are controlled by the diversified Miri-based Samling Group, which is headed by Tan Sri Yaw Teck Seng.

Announcing SGL’s privatisation proposals to Bursa Malaysia on Friday, both Lingui and Glenealy, in separate statements, said they received the proposals from Samling Strategic Corp Sdn Bhd (SSC) on January 20.

SSC has proposed to privatise SGL, which will then privatise Lingui and Glenealy. SSC is proposing an offer price of RM1.63 per share for Lingui and RM7.50 per share for Glenealy.

The companies said if proposed and implemented, the SGL privatisation would be conditional upon the approval of SGL’s independent shareholders.

Lingui and Glenealy said a formal proposal in respect of the SGL privatisation would only be made upon the finalisation of SSC’s funding arrangements.

They said both boards would decide on the matters and make further announcement when required.

The companies advised their shareholders and potential investors to exercise caution when dealing in the companies’ shares, as there was no certainty that the proposals might proceed or result in a binding agreement.

The stocks of Lingui and Glenealy, upon their requests, have been suspended from trading on Bursa Malaysia since January 20. Their last trading prices were RM1.36 for Lingui and RM6.55 for Glenealy.

2) ACE Market-listed The Media Shoppe Bhd (TMS) will resume trade in the stock market today after a five-session suspension, during which it was queried by the market regulator.

The company, which produces computer software, had been queried by Bursa Malaysia for unusual market activity last Thursday. The stock jumped by two-and-a-half times to 23 sen that day, on heavy volumes.

TMS said it knew of no reason for the jump, save possibly for an early agreement that it had entered into with Konsortium Jaya Sdn Bhd to join it for a possible government project, and another plan to potentially acquire two companies – Viewnet Computer System Sdn Bhd and Open Adventure Sdn Bhd, following a due diligence. It made those announcements on Thursday.

The stock was suspended from last Friday afternoon. On Wednesday this week, several directors, including chief executive officer Christopher Chan announced that they had bought and/or sold shares in the company, including on the day they were queried for unusual market activity.

Yesterday, Bursa Malaysia asked TMS for more information on its agreements with the other companies, which TMS subsequently provided. The stock last traded at 34 sen.

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