We announce that the transfer of the CMT Shares to DMB in accordance with the terms of the conditional Share Sale Agreement dated 25 April 2008 has been completed today. Accordingly, the Proposed Acquisition of CMT (Penang) Sdn Bhd has been completed on 15 July 2008.
We announce Bonus Issue of 196,796,811 new ordinary shares of RM0.10 each in Daya Materials Berhad (“DMB”) (“DMB Shares”) to be credited as fully paid-up, on the basis of two (2) new DMB Shares for every three (3) DMB Shares held. The above Company’s securities will be traded and quoted “Ex – Bonus Issue” as
We announce the recurrent related party transactions between Daya Polymer Sdn Bhd (“DPSB”), a wholly owned subsidiary of DMB, and Cominet Corporation, Korea, a related company between 1 July 2007 and 31 March 2008.
We announce the proposed acquisition of 20% equity interest in Proffscorp Sdn Bhd for a cash consderation of RM5,379,000. Proffscorp is principally engaged in ownership and hiring of forklifts, cranes and heavy machineries and related manpower services in the onshore and offshore oil & gas industry.
We announce that all resolutions as set down in the Notice of the Fifth Annual General Meeting have been approved by shareholders at the Fifth Annual General Meeting held on 23 June 2008, including the Ordinary Resolutions transacted as Special Business.