General Announcement

24/01/2007

SANICHI TECHNOLOGY BERHAD ("Sanichi" or "Company")

SANICHI TECHNOLOGY BERHAD

Type

Reply to query
Reply to Bursa Malaysia's Query Letter - Reference IDZO-070122-58848
SubjectSANICHI TECHNOLOGY BERHAD ("Sanichi" or "Company")

Contents :

We refer to reply to query dated 23 January 2007

Sanichi wishes to confirm that its wholly-owned subsidiary company, Asia Pinnacle Sdn Bhd ("APSB")and IGM Industria Global De Moldes ("IGM") are in preliminary discussions to evaluate further business opportunities which include a joint venture ("JV"). However, discussions are still at a preliminary stage with the size and the possibly 45% stakeholding of the JV, yet to be confirmed.


This announcement is dated 24 January 2007

Query Letter Contents :


We refer to the above news article appearing in The Edge Malaysia ,page 30, on
Monday, 22 January 2007 , a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"Gwee says Simoldes will initially award a RM20 million contract to Sanichi in
the first year, and RM40 million the next."
" 'Simoldes intends to appoint us as its sole Asia-Pacific mould manufacturer.
We are talking about a RM200 million joint venture (JV) eventually'."
"He says the JV will possibly see Simoldes taking a 45% stake with Sanichi
holding the majority share."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentences or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentences or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully

WAN CHOON YEN
Senior Manager, Issuers
Listing Division,Group Regulations

Announcement Info

Company NameSANICHI TECHNOLOGY BERHAD (MESDAQ Market) 
Stock Name SANICHI
Date Announced24 Jan 2007  
CategoryGeneral Announcement
Reference NoC&-070124-61196

Related Announcements for SANICHI
Date Title
11/11/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) RIGHTS ISSUE WITH WARRANTS; (II) DIVERSIFICATION; (III) ACQUISITION; (IV) ESOS; (V) INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)
07/11/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) RIGHTS ISSUE WITH WARRANTS; (II) DIVERSIFICATION; (III) ACQUISITION; (IV) ESOS; (V) INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)
07/11/2014 OTHERS SANICHI TECHNOLOGY BERHAD ("SANICHI" OR "THE COMPANY") OFFER OF OPTIONS UNDER EMPLOYEE SHARE OPTION SCHEME
01/10/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) RIGHTS ISSUE WITH WARRANTS; (II) DIVERSIFICATION; (III) ACQUISITION; (IV) ESOS; (V) INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)
23/09/2014 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 644,891,820 NEW ORDINARY SHARES OF RM0.10 EACH IN STB (“STB SHARE(S)”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 429,927,880 FREE DETACHABLE WARRANTS (“WARRANTS C”) AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ON THE BASIS OF THREE (3) RIGHTS SHARES TOGETHER WITH TWO (2) WARRANTS C FOR EVERY TWO (2) EXISTING STB SHARES HELD AT 5.00 P.M. ON 29 AUGUST 2014, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 90,000,000 RIGHTS SHARES TOGETHER WITH 60,000,000 WARRANTS C (“RIGHTS ISSUE WITH WARRANTS”)
28/08/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED ACQUISITION; (IV) PROPOSED ESOS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
20/08/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED ACQUISITION; (IV) PROPOSED ESOS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
14/08/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED ACQUISITION; (IV) PROPOSED ESOS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
28/05/2014 OTHERS Sanichi Technology Berhad ("Sanichi" or "the Company") - Proposed Change of Auditors
26/05/2014 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD (“STB” OR “COMPANY”) (I) PROPOSED RIGHTS ISSUE WITH WARRANTS; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED ACQUISITION; (IV) PROPOSED ESOS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)