Sunday, March 16, 2014

Company announcements: Lereno, Suntar Eco

Lereno - MISCELLANEOUS :: PUBLIC REPRIMAND BY BURSA MALAYSIA SECURITIES BERHAD

Announcement Type: MISCELLANEOUS
Company: LERENO BIO-CHEM LTD.
Stock Code/Name: 587 - Lereno

MISCELLANEOUS :: PUBLIC REPRIMAND BY BURSA MALAYSIA SECURITIES BERHAD
* Asterisks denote mandatory information
Name of Announcer *LERENO BIO-CHEM LTD.
Company Registration No.197401961C
Announcement submitted on behalf of LERENO BIO-CHEM LTD.
Announcement is submitted with respect to *LERENO BIO-CHEM LTD.
Announcement is submitted by *Ong Puay Koon
Designation *Managing Director & Chief Executive Officer
Date & Time of Broadcast16-Mar-2014 21:09:53
Announcement No.00002
 
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Announcement Title *PUBLIC REPRIMAND BY BURSA MALAYSIA SECURITIES BERHAD
Description
The Board of Directors of Lereno Bio-Chem Ltd. (the Company) has been alerted and informed by our Sponsors that the following Directors, namely our Non-Executive Chairman, Tan Sri Dato Kamaruzzaman Bin Shariff (Dato Kamaruzzaman), our Managing Director and Chief Executive Officer, Mr Ong Puay Koon (Ong PK) and our Executive Director, Mr Ong Choon Lui (Ong CL) (collectively, the Affected Directors), have been publicly reprimanded by Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) on 4 September 2013 (the Reprimand) pursuant to their duties as directors of Bintai Kinden Corporation Berhad (Bintai), a company listed on Bursa Malaysia Securities. In addition to the Reprimand, Bursa Malaysia Securities imposed a fine on each of Dato Kamaruzzaman and Ong CL (collectively, the Fine). The finding of the breach and the imposition of the Reprimand and Fine were made pursuant to paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements, as the Company had failed to ensure that Bintais announcement for its unaudited fourth quarterly report dated 31 May 2012 for the financial year ended 31 March 2012 took into account the adjustments in the audited results announced on 31 July 2012, resulting in a significant deviation between Bintais unaudited and audited results.

The Independent Directors of the Nominating Committee have met and reviewed the matter upon (i) discussing the same with each of the Affected Directors and (ii) reviewing documentation in relation to the same as provided by the Affected Directors. In view of (i) and (ii) aforesaid, the Independent Directors of the Nominating Committee and is of the opinion that the Reprimand and/or Fine meted out by Bursa Malaysia Securities on the Affected Directors will not affect the suitability of these Affected Directors to continue to serve on the Board of the Company, as (a) the said matter pertains to a commercial judgement call made by the entire board of Bintai pursuant to their fiduciary duties and (b) that there was no dishonesty or fraud or criminal element involved in relation to the Reprimand and/or Fine.

Please refer to Bursa Malaysia Securities website at http://www.bursamalaysia.com/market/listed-companies/company-announcements/1399725 for further information on the Reprimand and Fine.


By Order of the Board of Directors
LERENO BIO-CHEM LTD.

Ong Puay Koon
Managing Director and Chief Executive Officer
16 March 2014


This announcement has been reviewed by the Companys Sponsor, RHT Capital Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Companys Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is:

Name: Ms Amanda Chen, Registered Professional, RHT Capital Pte. Ltd.
Address: Six Battery Road #10-01, Singapore 049909
Tel: 6381-6757
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Suntar Eco - MISCELLANEOUS :: PLACEMENT ON THE WATCH-LIST WITH EFFECT FROM 17 MARCH 2014

Announcement Type: MISCELLANEOUS
Company: SUNTAR ECO-CITY LIMITED
Stock Code/Name: CZ3 - Suntar Eco

MISCELLANEOUS :: PLACEMENT ON THE WATCH-LIST WITH EFFECT FROM 17 MARCH 2014
* Asterisks denote mandatory information
Name of Announcer *SUNTAR ECO-CITY LIMITED
Company Registration No.200613997H
Announcement submitted on behalf of SUNTAR ECO-CITY LIMITED
Announcement is submitted with respect to *SUNTAR ECO-CITY LIMITED
Announcement is submitted by *Lan Chunguang
Designation *Executive Director / Chief Executive Officer
Date & Time of Broadcast16-Mar-2014 21:33:36
Announcement No.00004
 
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Announcement Title *PLACEMENT ON THE WATCH-LIST WITH EFFECT FROM 17 MARCH 2014
Description
Please refer to the attachment.
Attachments
SEL_InclusionIntoWatchList.pdf
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Suntar Eco - NOTICE OF 3 CONSECUTIVE YEARS' LOSSES

Announcement Type: NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
Company: SUNTAR ECO-CITY LIMITED
Stock Code/Name: CZ3 - Suntar Eco

NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
 
* Asterisks denote mandatory information
Name of Announcer *SUNTAR ECO-CITY LIMITED
Company Registration No.200613997H
Announcement submitted on behalf of SUNTAR ECO-CITY LIMITED
Announcement is submitted with respect to *SUNTAR ECO-CITY LIMITED
Announcement is submitted by *Lan Chunguang
Designation *Executive Director / Chief Executive Officer
Date & Time of Broadcast16-Mar-2014 21:24:42
Announcement No.00003
 
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Name of Issuer: SUNTAR ECO-CITY LIMITED hereby gives notice that:

(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years
(based on the latest announced full year consolidated accounts, excluding exceptional or non-recurrent
income and extraordinary items); and

(ii) its market capitalisation as at 14/03/2014 , the last market day on which trading was not suspended or halted, is S$16003800
(Trading is deemed to be suspended or halted if trading is ceased for a full market day.)
The Company wishes to draw investors attention to Rule 1311 of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:

(i) pre-tax losses for the three (3) most recently completed consecutive financial years (based on the latest announced full year consolidated accounts, excluding exceptional or non-recurrent income and extraordinary items); and

(ii) an average daily market capitalisation of less than $40 million over the last 120 market days on which trading was not suspended or halted. For the purpose of this rule, trading is deemed to be suspended or halted if trading is ceased for the full market day.

Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.
Footnotes
The Company recorded pre-tax losses for the three (3) most recently completed consecutive financial years after adjustment for the waiver of director's fee and remuneration of the Executive Director and CEO amounting to S$128,999 in the unaudited consolidated results for the financial year ended 31 December 2013. The audit for the financial year ended 31 December 2013 of the Group is still in progress.
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