Filings on Bursa Malaysia re ECM-Libra Avenue et al
Some interesting fi;ings with Bursa Malaysia on August 11:
1 ) Kalimullah Masheerul Hassan (ECM Libra Avenue Berhad -- Reference No EL-060811-55211:
- August 08, 2006: Acquired 56,259,500 shares (6.77%) arising from distribution of ECM Libra Avenue Berhad shares by ECM Libra Berhad to its shareholders on the basis of 1:1.
- August 11, 2006: Disposed 16,259,500 shares at RM0.65 each
- Total no of securities after August 11 change: Direct interest of 40,000,000 shares (4.81%)
2 ) Kalimullah Masheerul Hassan (ECM Libra Berhad) -- Reference No EL-060811-53640:
- August 08, 2006: Disposed 43,394,641 shares (Direct Interest) arising from the Capital Reconstruction Exercise by ECM Libra Berhad.
- Total no of securities after August 11 notice: Direct interest of 12,864,859 shares (12.99%)
3 ) Lim Kian Onn (ECM Libra Avenue Berhad) -- Reference No EL-060811-59550:
- August 08, 2006: Acquired 76,456,000 shares (9.2%)
- August 08, 2006: Disposed 433,000,000 shares
- Both acquisition (Direct Interest) and disposal (Deemed Interest) were arising from distribution of ECM Libra Avenue Berhad shares by ECM Libra Berhad to its shareholders on the basis of 1:1.
- Total no of securities after August 11 change: Direct interest of 76,456,000 shares (9.2%); Indirect/Demed Interest 9,000,000 shares (1.08%)
Changes at ECM-Libra Berhad (not to be mistaken with ECM-Libra Avenue Berhad)
According to a financial portal's records, a copy of which was made available to Screenshots, Lim Kian Onn and Kalimullah also sold ECM-Libra Bhd on Friday, Aug 11, 2006:
- 6:18PM: Lim Kian Onn (58,972,807 Shares Disposed)
- 6:18PM: Kalimullah bin Masheerul Hasan (43,394,641 Shares Disposed)
August 8, 2006, AseamBankers Malaysia submitted to Bursa Malaysia on behalf of ECM Libra Berhad on two key points:
- the Merger between ECM Libra and Avenue Capital Resources Berhad -- of the acquisitions by ECM Libra Avenue Berhad (formerly known as Avenue International Capital Berhad) ("ECM") of the operating subsidiaries of ECM Libra -- has been wholly satisfied by the issuance of 442,000,000 new ordinary shares in ECM credited as fully paid-up ("merger'); and
- The distribution of 433,000,000 ECM shares ("ECM Shares") received by ECM Libra pursuant to the Merger ("Distribution"), to shareholders of ECM Libra on the basis of 1 ECM share for 1 ECM Libra share held and capital reconstruction exercise involving a reduction in the par value of the share capital of ECM Libra, the utilisation of the share premium account and the setting-off of accumulated losses pursuant to the Merger and thereafter the consolidation of the shares to a par value of RM0.10 per share ("Capital Reconstruction").
Aseambankers Malaysia also announced on behalf of ECM Libra that the Distribution and Capital Reconstruction has been completed on August 8, 2006.
As such, the issued and paid-up share capital of ECM Libra has been reduced from 433,000,000 ordinary shares of RM1.00 each to 99,016,000 ordinary shares of RM0.10 each.
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