General Announcement

15/08/2003

PRESS METAL BERHAD ("PMB" OR "COMPANY") - PROPOSED FLOTATION SCHEME OF TWO(2) OF PMBS SUBSIDIARY COMPANIES, NAMELY PMB FACADE TECHNOLOGY SDN BHD (PMBF) AND ITS SUBSIDIARY COMPANIES AND EVERLAST ALUMINIUM (M) SDN BHD AND ITS SUBSIDIARY COMPANIES ON THE SECOND BOARD OF THE KUALA LUMPUR STOCK EXCHANGE THROUGH PMB TECHNOLOGY BERHAD (PROPOSED FLOTATION SCHEME)

PRESS METAL BERHAD

Type

Announcement
SubjectPRESS METAL BERHAD ("PMB" OR "COMPANY")
- PROPOSED FLOTATION SCHEME OF TWO(2) OF PMBS SUBSIDIARY COMPANIES, NAMELY PMB FACADE TECHNOLOGY SDN BHD (PMBF) AND ITS SUBSIDIARY COMPANIES AND EVERLAST ALUMINIUM (M) SDN BHD AND ITS SUBSIDIARY COMPANIES ON THE SECOND BOARD OF THE KUALA LUMPUR STOCK EXCHANGE THROUGH PMB TECHNOLOGY BERHAD (PROPOSED FLOTATION SCHEME)

Contents :

We refer to the announcement dated 29 June 2002.


AmMerchant Bank Berhad, on behalf of PMB, is pleased to announce that PMBF has on 13 August 2003 received the approval of the Bank Negara Malaysia (BNM) vide its letter dated 11 August 2003 in relation to the proposed acquisition of 30% of PMB Cyberwall Limited, Hong Kong which is an integral part of the Proposed Flotation Scheme.

The approval from the BNM is subject to the following conditions:-

    a) PMBF will be required to immediately repatriate all dividends, profits or interests and gain from disposal of investment and inform the Foreign Exchange Administration Department as soon as the dividends, profits or interests and gain from disposal of investment are received;

    b) PMBF will be required to submit quarterly report to the Foreign Exchange Administration Department in regards to its total foreign investment and loans given to non-residents (if applicable). The quarterly report must be submitted to the Foreign Exchange Administration Department in one(1) months time after the end of each quarter; and

    c) PMBF will be required to submit a copy of the yearly financial statements of PMBF and Cyberwall Limited to the Foreign Exchange Administration Department.

    This announcement is date 15 August 2003.


    Announcement Info

    Company NamePRESS METAL BERHAD  
    Stock Name PMETAL
    Date Announced15 Aug 2003  
    CategoryGeneral Announcement
    Reference NoMM-030815-53183

    Related Announcements for PMETAL
    Date Title
    17/02/2015 OTHERS PRESS METAL BERHAD (“PMB” OR THE “COMPANY”) PROPOSED EXEMPTION TO ALPHA MILESTONE SDN BHD (“AMSB”) AND THE PERSONS ACTING-IN-CONCERT WITH AMSB (“PACS”) UNDER PRACTICE NOTE 9 PARAGRAPH 16.1(C) OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN PMB (“PMB SHARES”) AND CONVERTIBLE SECURITIES IN PMB NOT ALREADY OWNED BY AMSB AND THE PACS UPON THE ISSUANCE OF THE NEW PMB SHARES ARISING FROM THE CONVERSION OF THE OUTSTANDING RM210,513,331.60 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“RCSLS”) HELD BY THEM (“PROPOSED EXEMPTION”)
    17/02/2015 OTHERS PRESS METAL BERHAD (“PMB” OR “COMPANY”) NOTICE TO HOLDERS OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“2011/2019 RCSLS”) IN RELATION TO THE EARLY FULL REDEMPTION AND CANCELLATION OF ALL THE OUTSTANDING 2011/2019 RCSLS AND NOTICE OF BOOK CLOSURE DATE ON 11 MARCH 2015
    06/02/2015 OTHERS PRESS METAL BERHAD (“PMB” OR THE “COMPANY”) PROPOSED EXEMPTION TO ALPHA MILESTONE SDN BHD (“AMSB”) AND THE PERSONS ACTING-IN-CONCERT WITH AMSB (“PACS”) UNDER PRACTICE NOTE 9 PARAGRAPH 16.1(C) OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN PMB (“PMB SHARES”) AND CONVERTIBLE SECURITIES IN PMB NOT ALREADY OWNED BY AMSB AND THE PACS UPON THE ISSUANCE OF THE NEW PMB SHARES ARISING FROM THE CONVERSION OF THE OUTSTANDING RM210,513,331.60 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“RCSLS”) HELD BY THEM (“PROPOSED EXEMPTION”)
    04/02/2015 OTHERS PRESS METAL BERHAD (“PMB” OR THE “COMPANY”) PROPOSED EXEMPTION TO ALPHA MILESTONE SDN BHD (“AMSB”) AND THE PERSONS ACTING-IN-CONCERT WITH AMSB (“PACS”) UNDER PRACTICE NOTE 9 PARAGRAPH 16.1(C) OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN PMB (“PMB SHARES”) AND CONVERTIBLE SECURITIES IN PMB NOT ALREADY OWNED BY AMSB AND THE PACS UPON THE ISSUANCE OF THE NEW PMB SHARES ARISING FROM THE CONVERSION OF THE OUTSTANDING RM210,513,331.60 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“RCSLS”) HELD BY THEM (“PROPOSED EXEMPTION”)
    26/01/2015 OTHERS PRESS METAL BERHAD ("PMB" OR "THE COMPANY") - NOTICE TO THE HOLDERS OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS ("2011/2019 RCSLS") IN RELATION TO THE THIRD SCHEDULED REDEMPTION AND CANCELLATION OF SEVEN POINT FIVE PER CENTUM (7.5%) OF 2011/2019 RCSLS AND NOTICE OF BOOK CLOSURE DATE
    16/01/2015 OTHERS PRESS METAL BERHAD (“PMB” OR THE “COMPANY”) PROPOSED EXEMPTION TO ALPHA MILESTONE SDN BHD (“AMSB”) AND THE PERSONS ACTING-IN-CONCERT WITH AMSB (“PACS”) UNDER PRACTICE NOTE 9 PARAGRAPH 16.1(C) OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN PMB (“PMB SHARES”) AND CONVERTIBLE SECURITIES IN PMB NOT ALREADY OWNED BY AMSB AND THE PACS UPON THE ISSUANCE OF THE NEW PMB SHARES ARISING FROM THE CONVERSION OF THE OUTSTANDING RM210,513,331.60 NOMINAL VALUE OF 8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS (“RCSLS”) HELD BY THEM (“PROPOSED EXEMPTION”)
    16/12/2014 OTHERS PRESS METAL BERHAD ("PRESS METAL" or "THE COMPANY") - ADDITIONAL 500MW POWER SUPPLY TERM SHEET BETWEEN PMB AND SYARIKAT SESCO BERHAD - UPDATE
    19/11/2014 OTHERS PRESS METAL BERHAD ("PRESS METAL" or "THE COMPANY") - ADDITIONAL 500MW POWER SUPPLY TERM SHEET BETWEEN PMB AND SYARIKAT SESCO BERHAD
    19/11/2014 OTHERS PRESS METAL BERHAD ("PMB" or "THE COMPANY") - Sarawak Energy Allocates 500MW More Power to Double Press Metal’s Samalaju Smelter Capacity
    11/11/2014 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES PRESS METAL BERHAD (“PMB” OR “COMPANY”) (I) BONUS ISSUE OF UP TO 584,814,692 NEW ORDINARY SHARES OF RM0.50 EACH IN PMB (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY EXISTING SHARE HELD AT 5.00 P.M. ON 10 NOVEMBER 2014 (“BONUS ISSUE”); (II) INCREASE IN THE AUTHORISED SHARE CAPITAL OF PMB FROM RM500,000,000 COMPRISING 1,000,000,000 SHARES TO RM1,000,000,000 COMPRISING 2,000,000,000 SHARES TO FACILITATE THE BONUS ISSUE (“IASC”); (III) AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF PMB TO FACILITATE THE IASC; AND (IV) AMENDMENTS TO THE DEED POLL DATED 20 JULY 2011 CONSTITUTING THE WARRANTS 2011/2019 OF THE COMPANY (“WARRANTS C”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)