Highlights
KLSE : HARVEST       HARVEST COURT INDUSTRIES BHD
Last Price Today's Change   Day's Range   Trading Volume
0.245   -0.005 (2.00%)  0.24 - 0.25  1,826,400

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):2,896,685
4 Weeks Range:0.24 - 0.275
52 Weeks Range:0.205 - 0.38
Average Price Target:0.64
Price Target Upside/Downside:+0.395
View Price Target Detail

Headlines

Latest Headlines
14/08/2014  PublicInvest Research Headlines - 14 Aug 2014
21/07/2014  Trading Stocks - 21 July 2014 - OCK | Press Metal | Spritzer | Ancom | Formis | Harvest
15/07/2014  Plot thickens at Harvest - thestar
09/07/2014  Two shareholders of Harvest Court called for an EGM to remove four directors
22/06/2014  風盛的豐盛
12/06/2014  Tussle for Harvest Court
09/06/2014  Trading Stocks - 9 June 2014 - Oriental | MyEG | SUNREIT | Harvest | ASB | Catcha | Brahim | Pelikan

  3 people like this.
 
Water_Fish Look in instaco also.. good news comming soon....
14/08/2014 14:51
lim88 coming...coming...coming...
15/08/2014 15:29
lim88 Before the Board of Directors had the opportunity to consider the request, the Plaintiffs had gone ahead to advertise the Notice of EGM on newspaper on 11 July 2014 and left 4,800 copies of Notice of EGM and Circular at the Company's registered office. Therefore, the Notice of the EGM was not circulated to the shareholders.

The Company is of the view that an EGM convened under Section 145 of the Act is the sole responsibility of the shareholder to organize. There is no obligation on the Company to circulate the Notice of EGM on behalf of the Plaintiffs, given that the meeting requested is not requisitioned under Section 144 of the Act; and

iii) In view of the current on-going litigation between the Company and Zenith, Datuk Chai Woon Chet & 32 others (collectively as “Defendants”) as the Defendants have together acted in concert to breach Section 9(1) of the Malaysian Code on Take Overs and Mergers 2010 (“the Code”) for their failure to make a mandatory general offer to the Company’s shareholders. The litigation was announced by the Company on 14 July 2014.

Further to that, the Company has also filed an action against the Plaintiffs vide Kuala Lumpur High Court Originating Summons No.: 24NCC-244-07/2014 for a declaration that the Notice of EGM dated 11 July 2014 is invalid and/or defective, and an application to injunct and restrain the holding of the EGM on 8 August 2014. The above application was fixed for hearing at the Kuala Lumpur High Court on 6 August 2014. At the hearing held on 6 August 2014, the Plaintiffs gave an undertaking to the Court that they will not convene and/or hold the EGM on 8 August 2014 pursuant to their Notice of EGM dated 11 July 2014.

The Plaintiffs is alleging that the proposed EGM was impracticable to call due to the Company’s failure to provide the ROD as requested by the Plaintiffs. In view of this, the Plaintiffs filed this Originating Summons to have an EGM convened by the Court for the purposes of passing the Resolutions under Section 150 of the Act.

(4) The financial and operational impact of the Originating Summons on the Group

The Originating Summons is not expected to have any material financial and operational impact on the Group.

(5) The expected losses, if any, arising from the Originating Summons

The Company is not expected to incur any further losses arising from the Originating Summons.

(6) Steps taken and proposed to be taken in respect of the Originating Summons

At the hearing held on 13 August 2014, the Court has fixed for further case management on 19 August 2014 for the hearing of the said Originating Summons.

The Company is seeking the necessary legal advice to resolve and/or defend against this matter.

Further announcement on the development of the above matter will be made to Bursa Securities in due course.

This announcement is dated 15 August 2014.
15/08/2014 21:46
lim88 (1) Date of presentation of the Originating Summons

The Board of Directors of Harvest Court Industries Berhad (“HCIB” or “the Company”) wishes to announce that on 12 August 2014, the Company has received the sealed copy of the Originating Summons dated 30 July 2014 from Messrs. Wong Kian Kheong, the solicitors for Zenith City Investments Limited (“Zenith”) and Syawaras Sdn Bhd (“Syawaras”) (collectively as “Plaintiffs”). The Originating Summons has been fixed for hearing on 13 August 2014 at Kuala Lumpur High Court.

(2) The particulars of the claim under the Originating Summons, including the amount claimed for and the interest rate

The Plaintiffs is alleging that the Extraordinary General Meeting (“EGM”) proposed to be held on 8 August 2014 was impracticable to call due to the Company’s failure to provide the Record of Depositors (“ROD”) as requested by the Plaintiffs. In view of this, the Plaintiffs filed this Originating Summons to have an EGM convened by the Court for the purposes of passing the Resolutions under Section 150 of the Companies Act, 1965 (“the Act”).

Pursuant to the Originating Summons, the Plaintiffs’ claims included the following :-

i) An order to convene an EGM by the Company pursuant to Section 150 of the Act , to consider and if though fit, passing the following resolutions :-

Ordinary Resolution No. 1 - Removal of Director

“THAT Dato’ Mohamed Amir Abas bin Zainal Azim be and is hereby removed from office as a director of the Company, with immediate effect."

Ordinary Resolution No. 2 - Removal of Director

"THAT Ng Wai Han be and is hereby removed from office as a director of the Company, with immediate effect."

Ordinary Resolution No.3 - Removal of Director

"THAT Zainuri bin Zainal be and is hereby removed from office as a director of the Company, with immediate effect."

Ordinary Resolution No.4 - Removal of Director

"THAT Woo Mun Chee be and is hereby removed from office as a director of the Company, with immediate effect."

Ordinary Resolution No. 5 -Appointment of Director

"THAT Dato' Seri Abdul Azim bin Mohd Zabidi having consented to act as a director, be and is hereby appointed as Director of the Company with immediate effect."

Ordinary Resolution No. 6- Appointment of Director

"THAT Datuk Chai Woon Chet having consented to act as a director, be and is hereby appointed as Director of the Company with immediate effect.”

Ordinary Resolution No. 7- Appointment of Director

"THAT Wong Kwai Wah having consented to act as a director, be and is hereby appointed as Director of the Company with immediate effect."

Ordinary Resolution No.8-Removal of Director(s)

"THAT if any person(s) (other than persons named in Ordinary Resolutions 5 to 7 above) is appointed as a director of the Company at any time from 1 July 2014 up to and including the time of the conclusion of this Extraordinary General Meeting (including any adjournment thereof), each such person be and is here removed from office as a director of the Company, with immediate effect."

(collectively as “the Resolutions”)
16/08/2014 09:12
lim88 appointed the new director...good new lah....hahaha..monday limit up lah....see u all....
16/08/2014 09:13
ysfong Yeah..new director.. ^.^
18/08/2014 00:08
lim88 so today up loh....hahahahah
18/08/2014 06:59
ysfong Go go go harvest
26/08/2014 10:16
SimonSezs Rubbish counter...
27/08/2014 23:01
bravoUp Yeah true... rubbish. The way this share is trade...... limit up limit up like crazy last time without thinking about how they could maintain the price...... is just a clear indication that those behind is just not too smart in investing/ do business
30/08/2014 19:22


 

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