Announcements

 

 

 

 

 

The Board of Directors and management of AIRB express its heartiest congratulation to Y Bhg Tengku Dato’ Seri Hasmuddin Tengku Othman on being conferred the “Darjah Seri Setia Tuanku Muhriz (SSTM)” which carries the title “Dato’ Seri” on the occasion of His Highness birthday which falls on 14 January 2010.

 

 

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On 19 June 2009, Aliran Ihsan Resources Berhad declared a Special Dividend of 5.40 sen (gross) per ordinary share and a Special Dividend of 7.95 sen (tax exempt) per ordinary share for the year ending 31 December 2009.

 

The entitlement date for the Special Dividend was fixed at 7 July 2009 and the payment date on 28 July 2009.

 

 

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The Board of Directors and management of AIRB express its heartiest congratulation to Y Bhg Datuk Haji Hasni Bin Harun on being conferred the “Darjah Kebesaran Panglima Jasa Negara" (P.J.N) which carries the title “Datuk” on the occasion of His Majesty‘s birthday which falls on 6 June 2009.

 

Click here to view official announcement

 

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AIRB wish to announce that its 8th Annual General Meeting (AGM) will be held at Negara Room, Lower Lobby, Hotel Crowne Plaza Mutiara Kuala Lumpur, Jalan Sultan Ismail, 50718 Kuala Lumpur on Wednesday, 29 April 2009 at 10.30 am.

 

The agenda of the AGM is enclosed in the attachment.

Click here to download agenda

 

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MMC, on 31 March 2009, announced that its application to the Securities Commission (SC) to extend the offer period for the ESB Offer from 20 February 2009 to 31 March 2009 was not approved by the SC.

 

Therefore, the ESB Offer had closed on 20 February 2009 and as at 20 February 2009, there is no effectual and valid unconditional acceptance by Pilecon Engineering Berhad (PEB) of all of PEB’s shareholdings in ESB in respect of the ESB Offer with all rights attached thereto. 

 

MMC, on 31 March 2009, returned PEB’s relevant document and certificate to ESB as PEB’s earlier acceptance was not unconditional and the transfer documents were incomplete.

 

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MMC, on 28 January 2009, announced that the closing date for the ESB Offer has been extended from 5.00 pm on Wednesday, 28 January 2009 to 5.00 pm on Friday, 20 February 2009.

 

The announcement further indicated that the payment to Pilecon Engineering Berhad (PEB) shall be made subject to the PEB’s shareholders approval and the transfer and registration of the relevant shares to MMC.

 

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PEB, on 12 January 2009, announced the acceptance of the offer made by Aseambankers Malaysia Berhad on behalf of MMC Corporation Berhad (MMC) pursuant to the Malaysian Code On Take-Over & Mergers 1998 to dispose to MMC of 5,050,000 ordinary shares for a cash consideration of RM9.37 per ordinary share in ESB.

 

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Proposed Conditional Take-Over Offer (“Proposed Offer”) by Aseambankers Malaysia Berhad (“Aseambankers”) on behalf of MMC Corporation Berhad (“MMC”) to acquire:

1. all the ordinary shares of RM1.00 each in Aliran Ihsan Resources Berhad (“AIRB Share(s)”) for a cash consideration of RM0.90 each per AIRB Share; and
   
   
2. all the outstanding redeemable convertible unsecured loan stocks in AIRB (“AIRB RCULS”) that have not been converted on or prior to the close of the Proposed Offer for a cash consideration of RM0.90 each per AIRB RCULS.

 

Aseambankers, on behalf of MMC, had announced that the Proposed Offer has closed as at 5.00 p.m., on Monday, 3 November 2008 and MMC has received valid acceptances which have resulted in MMC holding a total of 165,253,604 AIRB Shares, representing 74.36% of the total issued and paid-up share capital of Aliran Ihsan Resources Berhad (“AIRB”).

 

In addition, as at 3 November 2008, MMC has received acceptances of 1,050,589 AIRB RCULS, representing 2.45% of the outstanding RCULS.

 

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Proposed Conditional Take-Over Offer ("Proposed Offer") by Aseambankers Malaysia Berhad ("Aseambankers") on behalf of MMC Corporation Berhad ("MMC") , to acquire:

1. all the ordinary shares of RM1.00 each in Aliran Ihsan Resources Berhad ("AIRB Share(s)") for a cash consideration of RM0.90 each per AIRB Share; and
2. all the outstanding redeemable convertible unsecured loan stocks in AIRB ("AIRB RCULS") that have not been converted on or prior to the close of the Proposed Offer for a cash consideration of RM0.90 each per AIRB RCULS.

 

Aseambankers, on behalf of MMC, had announced that as at 5.00 p.m., on Monday, 20 October 2008, MMC has received valid acceptances which have resulted in MMC holding a total of 116,156,791 AIRB Shares representing 52.27% of the total issued and paid-up share capital of Aliran Ihsan Resources Berhad ("AIRB").

 

In addition, as at 20 October 2008, MMC has received valid acceptances of 1,050,589 AIRB RCULS, representing 2.45% of the outstanding AIRB RCULS.

 

As a result of the above, all the conditions of the Proposed Offer as set out in Section 2.2 of the offer document dated 22 August 2008 have been satisfied and the Proposed Offer has therefore become unconditional.

 

Pursuant to Clause 24(3) of the Malaysian Code on Take-Overs and Mergers 1998, the Proposed Offer shall remain open for acceptances until 5.00 p.m. on Monday, 3 November 2008.

 

Holders of AIRB Shares and AIRB RCULS who have yet to accept the Proposed Offer are advised to refer to the offer document dated 22 August 2008 for the terms, conditions and procedures for acceptances and the independent advice circular dated 29 August 2008.

 

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Proposed Conditional Take-Over Offer (Proposed Offer) by Aseambankers Malaysia Berhad (Aseambankers) on behalf of MMC Corporation Berhad (MMC), to acquire:

1. all the ordinary shares of RM1.00 each in Aliran Ihsan Resources Berhad (AIRB Share(s)) for a cash consideration of RM0.90 each per AIRB Share; and
2. all the outstanding redeemable convertible unsecured loan stocks in AIRB (AIRB RCULS) that have not been converted on or prior to the close of the Proposed Offer for a cash consideration of RM0.90 each per AIRB RCULS.

 

Aseambankers on behalf of MMC had announced that as at 5.00 p.m. 12 September 2008, MMC has received valid acceptances which have resulted in MMC holding a total of 12,209,533 AIRB Shares, representing 5.49% of the total issued and paid-up share capital of Aliran Ihsan Resources Berhad (AIRB).

 

In addition, as at 12 September 2008, MMC has received valid acceptances of 1,050,394 AIRB RCULS, representing 2.45% of the outstanding AIRB RCULS.

 

The closing date for the Proposed Offer has been extended from 5.00 p.m. on Friday, 12 September 2008 to 5.00 p.m. on Monday, 20 October 2008.

 

Holders of AIRB Shares and AIRB RCULS who have yet to accept the Proposed Offer are advised to refer to the offer document dated 22 August 2008 for the terms, conditions and procedures for acceptances and the independent advice circular dated 29 August 2008.

 

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The Securities Commission had on 20 August 2008, vide its letter on even date approved the appointment of Affin Investment Bank Berhad as the Independent Adviser of the independent directors, shareholders and RCULS Holders of AIRB in relation to the Offer pursuant to the Malaysian Code on Take-Overs and Mergers, 1998.

 

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Further to the notice of conditional take-over offer dated 4 August 2008, the Supplemental Notice states that the Offer is also conditional upon the approval of the Minister of Energy, Water and Communications through the National Water Services Commission.

 

The Supplemental Notice will be posted to the shareholders and RCULS Holders of AIRB within seven (7) days from the date of receipt of the Supplemental Notice.

 

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The Board had deliberated on the Notice and is not considering seeking an alternative person to make a take-over for the Offer Shares and Offer RCULS.

 

AIRB has appointed Affin Investment Bank Berhad to act as Independent Adviser (IA) to the independent directors, shareholders and redeemable convertible unsecured loan stocks holders of AIRB in relation to take-over offer pursuant to the Malaysian Code on Take-Overs and Mergers, 1998. The appointment of IA is subject to the approval of Securities Commission.

 

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The Board of Directors of Aliran Ihsan Resources Berhad (Board) has on 4 August 2008 received a notice of conditional take-over offer (Offer) by the Offeror (Notice) through Aseambankers, to acquire:

1. all the ordinary shares of RM1.00 each in AIRB (AIRB Shares) and such number of new AIRB Shares that may be issued and allotted prior to the close of the Offer pursuant to the conversion of any outstanding redeemable convertible unsecured loan stock in AIRB (AIRB RCULS) for a cash consideration of RM0.90 per AIRB Share (Offer Shares); and

2. all the outstanding AIRB RCULS that are exercisable and have not been converted on or prior to the close of the Offer for a cash consideration of RM0.90 per AIRB RCULS.

    

In relation to the Offer, the Board will upon its deliberation announce whether it intends to seek an alternative person to make a take-over offer for the Offer Shares.

 

In accordance with Malaysian Code on Take-Overs and Merges 1998, an Independent Adviser (IA) will be appointed to advise the directors and shareholders of AIRB in relation to the Offer. The appointment of the IA is subject to the approval of Securities Commission.

 

The Notice will be posted to the shareholders and RCULS Holders of AIRB within seven (7) days from the date of receipt of the Notice.

 

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The Companies Commission of Malaysia has approved AIR Bhd’s application for a further extension of time as follows:

1. an extension of time to 30 April 2009 for AIR Bhd to hold its Annual General Meeting for year 2008 pursuant to Section 143(2) of the Companies Act, 1965; and
2. an extension of time to 30 April 2009 for AIR Bhd to lay its audited financial statements for the financial year ended 31 December 2008 pursuant to Section 169(2) of the Companies Act, 1965.

 

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The Companies Commission of Malaysia has approved AIR Bhd’s application as follows:

1. an extension of time to 31 March 2009 for AIR Bhd to hold its Annual General Meeting for year 2008 pursuant to Section 143(2) of the Companies Act, 1065; and
2. an extension of time to 31 March 2009 for AIR Bhd to lay its audited financial statements for the financial period ended 31 December 2008 pursuant to Section 169(2) of the Companies Act , 1965.

 

Consequently, AIR Bhd will not hold its next Annual General Meeting by 31 December 2008 and the 18 months audited financial statements for the financial year period commencing from 1 July 2007 to 31 December 2008 will be tabled at the Annual General Meeting of AIR Bhd to be convened by 31 March 2009.

 

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The Board of Directors of AIR Bhd has approved the change of financial year of AIR Bhd from 30 June 2007 to 31 December 2008 and thus the financial period would run from 1 July 2007 to 31 December 2008 covering a period of 18 months, and thereafter, the financial year end of AIR Bhd shall be 31 December, of each subsequent year.

 

The rationale for the change in financial year end is to enhance administrative efficiency.

 

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Archive 2008

 

4 November 2008
Proposed Conditional Take-Over Offer (“Proposed Offer”) by Aseambankers Malaysia Berhad (“Aseambankers”) on behalf of MMC Corporation Berhad (“MMC”)

 

21 October 2008

Proposed Conditional Take-Over Offer ("Proposed Offer") by Aseambankers Malaysia Berhad ("Aseambankers") on behalf of MMC Corporation Berhad ("MMC")

 

15 September 2008

Proposed Conditional Take-Over Offer (Proposed Offer) by Aseambankers Malaysia Berhad (Aseambankers) on behalf of MMC Corporation Berhad (MMC)

 

20 August 2008

Aliran Ihsan Resources Berhad (AIRB) - Receipt of Notice of Conditional Take-Over Offer from Aseambankers Malaysia Berhad on behalf of MMC Corporation Berhad.

 

19 August 2008

Aliran Ihsan Resources Berhad (AIRB) – Receipt of Supplemental Notice of Conditional Take-Over Offer (Supplemental Notice) dated 19 August 2008 from Aseambankers Malaysia Berhad on behalf of MMC Corporation Berhad.

 

6 August 2008

Aliran Ihsan Resources Berhad (AIRB) - Receipt of Notice of Conditional Take-Over Offer from Aseambankers Malaysia Berhad on behalf of MMC Corporation Berhad.

 

4 August 2008

Aliran Ihsan Resources Berhad (AIRB) - Receipt of Notice of Conditional Take-Over Offer from Aseambankers Malaysia Berhad (Aseambankers) on behalf of MMC Corporation Berhad (Offeror).

 

30 June 2008

Further Extension of Time - Change of Financial Year End

 

25 March 2008

Approval on the Extension of Time under Sections 143(2) and 169(2) of the Companies Act, 1965 by the Companies Commission of Malaysia.

 

27 February 2008

Change of Financial Year End