Admission Sponsor Alliance Investment Bank Berhad Sponsor RHB Investment Bank Bhd Type Reply to query Reply to Bursa Malaysia's Query Letter - Reference ID NM-140804-66934 Subject MATERIAL LITIGATION Description Writ of Summon No. B52NCVC-219-07/2014 filed in the Kuala Lumpur Session Court by the solicitors acting for Ch’ng So-Fia (trading under the business name HNY Trading Services) ("Plaintiff") against OCK Setia Engineering Sdn Bhd ("OCK SE")("Summon I") Query Letter Contents We refer to your announcements dated 1 August 2014 in respect of the above captioned matters. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1. The details of the default or circumstances leading to the filing of Summon I and Summon II respectively. 2. The interest rate on the amount claimed for respectively. 3. The financial and operational impact of Summon I and Summon II on the group respectively. 4. The expected losses, if any, arising from the Summon I and Summon II respectively.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully
TAN YEW ENG Vice President, Issuers Listing Division Regulation
Further to the announcement made on 1 August 2014 in respect of the above matter, the Board of Directors of OCK Group Berhad (“OCK” or “the Company”) wishes to announce that the purported claims are RM402,550.00 at an interest rate of 5% per annum accrued thereon since 1 July 2013 until the date of the full settlement arising from the balance outstanding fee in respect of the advisory services provided to OCK.
The Summon I is not expected to have any immediate financial and operation impact on the operation of OCK and its subsidiary companies.
In the event the outcome is not in favour of OCK SE, the expected losses will be up to the sum of claim of RM402,550.00 together with interest thereon and costs arising therefrom. For illustration purpose, the sum of claim of RM402,550.00 represents approximately 2.63% and 0.48% of the net profit and net assets of OCK, respectively, based on the audited consolidated financial statement of OCK for the financial year ended 31 December 2013.
This announcement is dated 6 August 2014.
Announcement Info Company Name OCK GROUP BERHAD (ACE Market) Stock Name OCK Date Announced 6 Aug 2014 Category General Announcement Reference No CC-140806-ED4A2
takda takut la. 400k sikit aje. sebagai satu sykt kontraktor, perkara ini biasa. lain kalau ock yang saman orang lain untuk dapat kan duit. kes saman saman ini ambil masa lama mungkin setahun dua. masa itu siapa lagi peduli
After 4 days green, there is some red today, as red as my heart, but don't worry, my heart is strong enough to bear the negative comments and force sell contra players, if it down to around 1.50 again, top up, if it fly over 1.60, smile. I'm an investor, and I always be just an investor.
OTHERS OCK GROUP BERHAD ("OCK" OR THE "COMPANY") PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF OCK FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED TRANSFER") OCK GROUP BERHAD
Type Announcement Subject OTHERS Description OCK GROUP BERHAD ("OCK" OR THE "COMPANY")
PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF OCK FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED TRANSFER")
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Transfer.
We refer to the earlier announcements dated 14 May 2014 and 14 July 2014 in relation to the Proposed Transfer. On behalf of the Board of Directors of OCK, RHB Investment Bank Berhad wishes to announce that the application pertaining to the Proposed Transfer had been submitted to the Securities Commission Malaysia ("SC") and the Equity Compliance Unit of the SC on 8 August 2014.
Today drop due to the overall market sentiment that is not good.
83 counters up, 890 counters down & 189 counters remain the same. Winners are those with strong faith. The share price will rise back after the storm, as Shacks mentioned. :)
Market need a reason for adjustment, bull need a reason to rest so here it is. Market will rebound when emotion settle down, now is the time to buy cheap.
my good friends, nothing remains unchanged with time (Buddha said) has a target for your buy, has level for your loss. a good insvestor is the one who know enough. do not take me wrong. I did not ask you sell or buy, the decision is yours. I just want to share Buddha says as a guide to be advoid wrong. please do not hentam me , I have a weak heart. TQ
personally, I'm still holding it because of bonus issue (1 share for each 2 shares). I bought @ 1.50. Once bonus shares are given: 2 shares (RM3) + 1 share = RM1 each per share.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD Company Name: OCK GROUP BERHAD (ACE Market) Stock Name : OCK Date Announced: 31/07/2014 Type : Announcement Subject :MULTIPLE PROPOSALS Description:
OCK GROUP BERHAD ("OCK" OR THE "COMPANY")
I. PROPOSED ACQUISITION;
II. PROPOSED BONUS ISSUE;
III. PROPOSED ESOS;
IV. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
V. PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Announcement Details/Table Section :
On behalf of the Board of Directors of OCK, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 30 July 2014 (received on 31 July 2014), resolved to approve the listing of and quotation for:-
i. 10,227,272 OCK Shares to be issued at an issue price of RM1.10 per OCK Share pursuant to the Proposed Acquisition;
ii. 176,053,636 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and
iii. such number of new OCK Shares to be issued arising from the exercise of the options to be granted pursuant to the Proposed ESOS, representing up to 10% of the issued and paid-up share capital of OCK.
Hi, frenlyme. just realised the link i posted about the multiple proposal x link directly to the particular announcement. (i usually check the announcement directly through their website & sign in for alerts, ever since I bought their shares). perhaps u can check about the bonus share approved by bursa at http://www.bursamalaysia.com/market/listed-companies/company-announcements/1699017
We refer to the earlier announcements dated 14 May 2014 and 14 July 2014 in relation to the Proposed Transfer. On behalf of the Board of Directors of OCK, RHB Investment Bank Berhad wishes to announce that the application pertaining to the Proposed Transfer had been submitted to the Securities Commission Malaysia ("SC") and the Equity Compliance Unit of the SC on 8 August 2014. This announcement is dated 8 August 2014.
Wanna ask for clarification, is there regulation that stated the shareholder must hold how much of the shares to b eligible for the dividends, bonus shares and etc?
Shacks bro, I don't think so if a threshold is what u mean. it will be as per announcement. So for this forthcoming bonus issue, it will be as the words says, for every 2 share u own before the ex-date, u will be entitled a bonus of 1 share. Ex-date will be known after EGM convened and completed.
np Shacks bro. yep, during the EGM they will "table" the resolutions and seek approval for a proposed date for ex for the BI. once all the formalities are approved and completed, then Shacks bro can lepas sikit mercun to celebrate :-) he he he. DJI rebounded on Friday, keeping fingers crossed we shall have the nice show next week. have a great weekend !
hehe. rileks bro. don't need to monitor every hour. so long u have accumulated your target holdings, just sit back relax and let it jalan... too many external factors at the moment causing the Fear in markets. once it stabilizes and investors realize that, it will start moving again.
chillax and sayang the rich pampered girl. "she" will "oblige your advances" in due course. :-) kikikiki
hee hee hee. thats why i put aposthrophe mar :-) depends on how you interpret lor...
i.e. : sayang the rich pampered girl : pump in more $$$ into KLSE to buy more OCK shares oblige your advances : OCK fly and in return make u a hepi man
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dakewlest
1,760 posts
Posted by Dakewlest > 2014-08-06 21:59 | Report Abuse
Bintang, smrt tak tidur. OCK mungkin naik 1.6x bln dpn...