TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS - General Announcement - Malaysia Data

4,798,267,200

1,903,738,752

497

616

4,274

3,732

280,646

General Announcement

10/08/2011

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS

MEDIA CHINESE INTERNATIONAL LIMITED

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NE-110809-55129
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	MEDIA CHINESE INTERNATIONAL LIMITED (the Company) - Additional Information for Proposed Disposal of Media Connect Investment Limited to Sky Success Enterprises Limited
Query Letter Contents	We refer to your Company's announcement dated 5 August 2011 in respect of the aforesaid Proposed Disposal. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- (1) Time frame for full utilisation of proceeds; (2) Statement by the board of directors, excluding interested directors stating whether the Proposed Disposal is in the best interest of Media Chinese International Limited ("MEDIAC"), and where a director disagrees with such statement, a statement by the director setting out the reasons and factors taken into consideration in forming that opinion; (3) A statement whether the audit committee of MEDIAC is of the view that the Proposed Disposal is fair and reasonable; (4) The total amount transacted with the same related party for the preceding 12 months; and (5) To make available for inspection the Sale and Purchase Agreement and the valuation report for a period of three months from the date of the announcement. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully MARZUKI MAIDIN Senior Manager, Issuers Listing Division Regulation MZM/RSA Copy to: General Manager & Head, Market Surveillance Department, Securities Commission (via fax)
Further to the announcement made by the Company on 5 August 2011 in respect of its proposed disposal of Media Connect Investment Limited to Sky Success Enterprises Limited for a consideration of HK$25,800,000 (equivalent to US$3,307,000) (the Proposed Disposal), the Board is pleased to furnish herewith the following additional information as requested by Bursa Malaysia Securities Berhad via its letter dated 9 August 2011 :- 1. As the proceeds will be used for the Groups working capital and other general corporate purposes, there is no specific timeframe for its full utilisation. However, the Group will continue to evaluate other business opportunities for the usage of the proceeds. 2. Save for Mr Tiong Kiu King, Mr Tiong Kiew Chiong and Mr Yu Hon To, David who are deemed interested in the Proposed Disposal, the Board, having taken into consideration all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of the Company. 3. The Audit Committee of the Company, after having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of the Company. 4. No transaction has been entered into with One Media Group Limited for the preceding 12 months except for the recurrent related party transactions entered into pursuant to the shareholders mandate obtained at the Companys Annual General Meeting held on 25 August 2010. 5. A copy of the Sale and Purchase Agreement and the valuation report are available for inspection at the Companys Registered Office in Malaysia and Head Office and Principal Place of Business in Hong Kong, as set out in the announcement made on 5 August 2011 for a period of three (3) months from 5 August 2011. This announcement is dated 10 August 2011.

Announcement Info

Company Name	MEDIA CHINESE INTERNATIONAL LIMITED
Stock Name	MEDIAC
Date Announced	10 Aug 2011
Category	General Announcement
Reference No	MC-110809-61067

Related Announcements for MEDIAC

Date	Title
05/03/2015	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (the "Company") - Terms of Reference of Remuneration Committee (Overseas Regulatory Announcement in compliance with Appendix 14 of the Rules Governing the Listing Securities on The Stock Exchange of Hong Kong Limited)
26/02/2015	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (THE "COMPANY") - PRESS RELEASE ON THE UNAUDITED THIRD QUARTER RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2014
11/02/2015	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (the "Company") - Notification of Board Meeting (Overseas Regulatory Announcement in compliance with Rule 13.43 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
17/12/2014	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (the "Company") - Interim Report for Six (6) Months Ended 30 September 2014 (Overseas Regulatory Announcement in compliance with Rule 13.48(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
15/12/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
10/12/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
26/11/2014	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (THE "COMPANY") - PRESS RELEASE ON THE UNAUDITED SECOND QUARTER RESULTS AND INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2014
26/11/2014	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (the "Company") - Interim Financial Results for the Six (6) Months Ended 30 September 2014 (Overseas Regulatory Announcement in compliance with Rule 13.49(6) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
14/11/2014	OTHERS MEDIA CHINESE INTERNATIONAL LIMITED (the "Company") - Notification of Board Meeting (Overseas Regulatory Announcement in compliance with Rule 13.43 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
08/09/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD