[MAGNI] Notice of Interest of Substantial Shareholders - BERJAYA GROUP BERHAD on 07-Nov-2006

Highlights

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

Name	BERJAYA GROUP BERHAD

Currency

Date of Change		Type	Number of Shares
	01-Nov-2006	Acquired	23,888,858

Nature of Interest	Deemed
Shares	Ordinary shares of RM1.00 each
Reason	1) Deemed interested by virtue of our 100% equity interest in B-Soutex - 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 B-Soutex ("Proposed Acquisition") - 664,877 shares allotted as full settlement of the amount owing to B-Soutex which forms part of the Proposed Acquisition 2) Deemed Interested by virtue of our 100% equity interest in BGCL - 688,972 shares allotted as full settlement of the amount owing to BGCL which forms part of the Proposed Acquisition

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