United Malayan Land Bhd ("UMLand" or "the Company")
Acquisition of 2 ordinary shares of RM1.00 each in Extreme Consolidated Sdn Bhd and Clear Dynamic Sdn Bhd respectively representing the entire issued and paid-up share capital for a cash consideration of RM2.00 each ("The Acuqisitions")
Contents
:
The Board of Directors is pleased to announce that UMLand had on 26 February 2008 acquired 2 ordinary shares of RM1.00 each in Extreme Consolidated Sdn Bhd ("ECSB") and Clear Dynamic Sdn Bhd ("CDSB") respectively reperesenting the entire issued and paid-up share capital of ECSB and CDSB for cash consideration of RM2.00 each.
ECSB and CDSB were incorporated as private limited companies in Malaysia on 31 January 2008 with an authorised share capital of RM100,000 comprising 100,000 ordinary shares of RM1.00 each respectively. ECSB and CDSB are presently dormant. The intended principal activities of ECSB and CDSB are property development.
The Acquisitions will not have any effect on the share capital, substantial shareholders' shareholdings and net assets of UMLand as the purchase consideration was satisfied by cash.
The Acquisitions will not have any material effect on the earnings per share of UMLand for the financial year ending 31 December 2008.
None of the directors, major shareholders and/or persons connected to them have any interest, direct or indirect, in the Acquisitions.
Kindly be advised that the abovenamed Company's additional 1,600 new ordinary shares of RM1.00 each arising from the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 22 February 2008.
Kindly be advised that the abovenamed Company's additional 20,000 new ordinary shares of RM1.00 each arising from the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 29 January 2008.
Interim spanidend of 2.5 sen per ordinary share of RM1.00 each less income tax of 26%
Period of interest payment
:
to
Financial Year End
:
31/12/2007
Share transfer book & register of members will be
:
18/02/2008 to 18/02/2008 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
:
Securities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium, Jalan Damanlela
Pusat Bandar Damansara, Damansara Heights
50490 Kuala Lumpur
Tel No. 03-2084 9000
Payment date
:
26/02/2008
a.
Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
18/02/2008
b.
Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
:
c.
Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
:
Number of new shares/securities issued (units) (If applicable)
Listing Circular LISTING'S CIRCULAR NO. L/Q : 48248 OF 2008
Company Name
:
UNITED MALAYAN LAND BERHAD
Stock Name
:
UMLAND
Date Announced
:
18/01/2008
Subject
:
UMLAND-EMPLOYEE SHARE OPTION SCHEME (“SCHEME”)
Contents :
Kindly be advised that the abovenamed Company's additional 28,900 new ordinary shares of RM1.00 each arising from the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 21 January 2008
UNITED MALAYAN LAND BHD ("UMLand" or the "Company")
· Procurement of property marketing services from Rhino Development Sdn Bhd in respect of sale of properties in Bandar Seri Alam, a township developed by Seri Alam Properties Sdn Bhd, a wholly-owned subsidiary of UMLand ("Property Marketing Services")
Contents : 1. INTRODUCTION
The Board of Directors ("Board") of UMLand wishes to announce that its wholly-owned subsidiary, Seri Alam Properties Sdn Bhd ("Seri Alam"), paid RM478,214.35 to Rhino Development Sdn Bhd ("Rhino") in connection with the procurement of Property Marketing Services for the sale of properties in Bandar Seri Alam.
Dato’ Ng Eng Tee, Ng Eng Soon and Ng Eng Ghee are major shareholders of UMLand with direct and indirect interests of 13.52%, 10.34% and 10.09% respectively. Dato’ Ng Eng Tee and Ng Eng Soon are also the Directors of UMLand. Dato’ Ng Eng Tee, Ng Eng Soon and Ng Eng Ghee are persons connected to the major shareholder of Rhino. As such, the procurement of Property Marketing Services from Rhino is deemed a related party transaction.
2. PROPERTY MARKETING SERVICES
The procurement of Property Marketing Services is in the ordinary course of business of Seri Alam. This transaction was negotiated on an arm’s length basis at normal commercial terms.
3. RATIONALE OF THE PROPERTY MARKETING SERVICES
The Property Marketing Services would contribute towards UMLand Group’s objective of enhancing value of its township through spanestment of selected land banks to strategic partners.
4. FINANCIAL EFFECTS OF THE PROPOSALS
The Property Marketing Services will not have any effect on the share capital and substantial shareholders’ shareholdings of UMLand.
The Property Marketing Services will also not have any material effect on the net assets per share, earnings per share and gearing of UMLand for the financial year ending 31 December 2007.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
Dato’ Ng Eng Tee and Ng Eng Soon who are Directors of UMLand, are persons connected to the major shareholder of Rhino. Hence, Dato’ Ng Eng Tee and Ng Eng Soon are deemed interested in the Property Marketing Services. .
Dato’ Ng Eng Tee, Ng Eng Soon and Ng Eng Ghee are major shareholders of UMLand. Therefore, they are deemed interested in the Property Marketing Services.
Further, Dato’ Ng Eng Tee, Ng Eng Soon and Ng Eng Ghee do not have any financial or other interests in the Property Marketing Services and Rhino Development Sdn Bhd.
Save as disclosed above, none of the other directors or major shareholders of UMLand and/or persons connected to them have any interest, direct or indirect, in the Property Marketing Services.
6. STATEMENT BY DIRECTORS
The Board, save for Dato’ Ng Eng Tee and Ng Eng Soon who have abstained from expressing any opinion or recommendation, having considered all aspects of the Property Marketing Services, is of the opinion that the Property Marketing Services is fair and reasonable and is in the best interest of UMLand.
7. APPROVALS REQUIRED
The Property Marketing Services is not subject to the approval of the shareholders of UMLand.
8. DEPARTURE FROM SECURITIES COMMISSION'S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES ("SC Guidelines")
To the best knowledge of the Board of UMLand, the Property Marketing Services have not departed from the SC Guidelines.
UML-Q4 Results.pdf
