HL Asia - ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: DISPOSAL OF SUBSIDIARY COMPANIES
Announcement Type: ACQUISITIONS AND DISPOSALS
Company: HONG LEONG ASIA LTD.
Stock Code/Name: H22 - HL Asia
Company: HONG LEONG ASIA LTD.
Stock Code/Name: H22 - HL Asia
| ACQUISITIONS AND DISPOSALS :: CHANGES IN COMPANY'S INTEREST :: DISPOSAL OF SUBSIDIARY COMPANIES |
| * Asterisks denote mandatory information |
| Name of Announcer * | HONG LEONG ASIA LTD. |
| Company Registration No. | 196300306G |
| Announcement submitted on behalf of | HONG LEONG ASIA LTD. |
| Announcement is submitted with respect to * | HONG LEONG ASIA LTD. |
| Announcement is submitted by * | NG SIEW PING, JASLIN |
| Designation * | COMPANY SECRETARY |
| Date & Time of Broadcast | 13-Jul-2011 18:26:03 |
| Announcement No. | 00090 |
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| Announcement Title * | Disposal of Subsidiary Companies |
| Description | Further to the Company’s announcement released on 24 June 2011, the Board of Directors of Hong Leong Asia Ltd. (“HLA” or the “Company”) wishes to announce that the Company has today entered into a Share Sale and Purchase Agreement (“SSPA”) with Hylton Investments Limited (the “Purchaser”), for the purchase from the Company of the entire issued and paid-up shares in the capital of HL Karimun Granite Pte Ltd (“HLKG”) (the “Sale Shares”) for a cash consideration of $28 million (the “Consideration”). The Consideration was arrived at on a willing-buyer willing-seller basis, with HLA Group assuming all the inter-company debts due by HLKG Group to HLA Group. After taking into account past impairment losses and the assumption of the inter-company debt of HLKG Group by HLA Group, the Consideration represents a premium of 557.4% of the adjusted net asset value of HLKG Group as at 7 July 2011, which is the latest available date of the management accounts of HLKG Group. This translates to an estimated gain of $26 million at HLA Group level for the current financial year. The transfer of the Sale Shares from the Company to the Purchaser was completed today pursuant to the SSPA. The Company has also today entered into an off-take agreement (the “OTA”) with the Purchaser for the supply of granite by the Purchaser/Karimun Granite (Singapore) Pte Ltd (or its nominee subsidiary) to the HLA Group, for a period commencing from the Commencement Date (as defined in the OTA) and ending on 30 September 2013, subject to extension up to 31 December 2014 on the happening of circumstances traversed in the OTA. Following the completion of the transfer of the Sale Shares, HLKG together with its subsidiaries, namely, PTKG and KGS, have ceased to be subsidiaries of the Company. By Order of the Board HONG LEONG ASIA LTD. Ng Siew Ping, Jaslin Company Secretary 13 July 2011 Singapore |
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Hongwei - MISCELLANEOUS :: RESULTS OF ANNUAL GENERAL MEETING HELD ON 13 JULY 2011
Announcement Type: MISCELLANEOUS
Company: HONGWEI TECHNOLOGIES LIMITED
Stock Code/Name: H80 - Hongwei
Company: HONGWEI TECHNOLOGIES LIMITED
Stock Code/Name: H80 - Hongwei
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | HONGWEI TECHNOLOGIES LIMITED |
| Company Registration No. | 36568 |
| Announcement submitted on behalf of | HONGWEI TECHNOLOGIES LIMITED |
| Announcement is submitted with respect to * | HONGWEI TECHNOLOGIES LIMITED |
| Announcement is submitted by * | Wu Guoxin |
| Designation * | Executive Director and Chief Operating Officer |
| Date & Time of Broadcast | 13-Jul-2011 18:53:11 |
| Announcement No. | 00101 |
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| The details of the announcement start here ... |
| Announcement Title * | RESULTS OF ANNUAL GENERAL MEETING HELD ON 13 JULY 2011 |
| Description |
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Karin - DAILY SHARE BUY-BACK NOTICE
Announcement Type: DAILY SHARE BUY-BACK NOTICE
Company: KARIN TECHNOLOGY HLDGS LIMITED
Stock Code/Name: K29 - Karin
Company: KARIN TECHNOLOGY HLDGS LIMITED
Stock Code/Name: K29 - Karin
| DAILY SHARE BUY-BACK NOTICE |
| * Asterisks denote mandatory information |
| Name of Announcer * | KARIN TECHNOLOGY HLDGS LIMITED |
| Company Registration No. | 32514 |
| Announcement submitted on behalf of | KARIN TECHNOLOGY HLDGS LIMITED |
| Announcement is submitted with respect to * | KARIN TECHNOLOGY HLDGS LIMITED |
| Announcement is submitted by * | Wong Chi Cheung, Clarence |
| Designation * | Financial Controller / Joint Secretary |
| Date & Time of Broadcast | 13-Jul-2011 18:38:43 |
| Announcement No. | 00099 |
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| Name of Overseas Exchange where Company has Dual Listing (if applicable) | N/A |
| (A) Share Buy-Back Authority |
| I. | Maximum number of shares authorised for purchase* | 20,370,000 |
| (B) Details of Purchases Made |
| I. | Purchases made by way of market acquisition |
Kim Eng - MISCELLANEOUS
Announcement Type: MISCELLANEOUS
Company: KIM ENG HOLDINGS LIMITED
Stock Code/Name: K50 - Kim Eng
Company: KIM ENG HOLDINGS LIMITED
Stock Code/Name: K50 - Kim Eng
| MISCELLANEOUS |
| * Asterisks denote mandatory information |
| Name of Announcer * | KIM ENG HOLDINGS LIMITED |
| Company Registration No. | 198900204D |
| Announcement submitted on behalf of | KIM ENG HOLDINGS LIMITED |
| Announcement is submitted with respect to * | KIM ENG HOLDINGS LIMITED |
| Announcement is submitted by * | TAN CHEH IMM TERESA |
| Designation * | ASSISTANT SECRETARY |
| Date & Time of Broadcast | 13-Jul-2011 18:31:21 |
| Announcement No. | 00094 |
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| The details of the announcement start here ... |
| Announcement Title * | ANNOUNCEMENT RELEASED BY KIM ENG SECURITIES (THAILAND) PUBLIC COMPANY LIMITED TO THE STOCK EXCHANGE OF THAILAND |
| Description |
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Sabana REIT - NOTIFICATION OF RESULTS RELEASE * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Announcement Type: FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Company: SABANA SHARI'AH COMPLIANT REIT
Stock Code/Name: M1GU - Sabana REIT
Company: SABANA SHARI'AH COMPLIANT REIT
Stock Code/Name: M1GU - Sabana REIT
| NOTIFICATION OF RESULTS RELEASE * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT |
| * Asterisks denote mandatory information |
| Name of Announcer * | SABANA SHARI'AH COMPLIANT REIT |
| Company Registration No. | 201005493K |
| Announcement submitted on behalf of | SABANA SHARI'AH COMPLIANT REIT |
| Announcement is submitted with respect to * | SABANA SHARI'AH COMPLIANT REIT |
| Announcement is submitted by * | Tay Chiew Sheng |
| Designation * | Chief Strategy Officer |
| Date & Time of Broadcast | 13-Jul-2011 18:14:57 |
| Announcement No. | 00083 |
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| The details of the announcement start here ... |
| For the Financial Period Ended * | 30-06-2011 |
| Description | Please see attached. The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC"), is the sole financial adviser for the initial public offering of units in Sabana Shari'ah Compliant REIT (the "Offering"). HSBC, United Overseas Bank Limited and Daiwa Capital Markets Singapore Limited are the joint global coordinators, issue managers, bookrunners and underwriters for the Offering. HSBC, United Overseas Bank Limited and Daiwa Capital Markets Singapore Limited assume no responsibility for the contents of this announcement |
| Attachments |
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