Highlights

[MAGNI] Notice of Interest of Substantial Shareholders - BERJAYA SOUTEX SDN BHD on 07-Nov-2006

Stock [MAGNI]: MAGNI-TECH INDUSTRIES BHD
Announcement Date 07-Nov-2006

Substantial Shareholder's Particular:

Name BERJAYA SOUTEX SDN BHD

Details of Changes:

Currency -

Date of Change Type Number of Shares
01-Nov-2006 Acquired 23,199,886

Nature of Interest Direct
Shares Ordinary shares of RM1.00 each
Reason 1) 22,535,009 shares allotted as consideration for the acquisition by MAGNI of the entire equity interest in South Island Garment Sdn Bhd from Dewangsa Holdings Sdn Bhd ("DHSB"), a 60% owned subsidiary of Berjaya Soutex Sdn Bhd ("Proposed Acquisition") 2) 664,877 shares allotted as full settlement of the amount owing to Berjaya Soutex Sdn Bhd which forms part of the Proposed Acquisition

Total no of securities after change

Direct (units) 23,199,886
Direct (%) 22.40
Indirect (units) 0
Indirect (%) 0.00
Total (units) 23,199,886
Total (%) 22.40
Date of Notice 06-Nov-2006


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