Brahim’s offered 60pc stake in Admuda

The Board of Directors (“Board”) wishes to announce that the Company has received an invitation for an equity participation of up to 60% equity interest in Admuda Sdn Bhd (“Admuda”) for a consideration of up to RM20 million to be satisfied via a combination of cash and issuance of the Company’s shares (“Investment Invitation”).

Admuda holds a licence from the Ministry of International Trade and Industry (“MITI”) to operate as a licensed manufacturer of refined sugar and molasses in East Malaysia.

In view that the Investment Invitation is inline with BHB’s strategic plan to venture into upstream production in food businesses and its related supply chain, the Board has in the Board meeting held today deliberated the Investment Invitation and mandated the management of the Company to accept the said investment opportunity subject to further agreement of terms between the Company and Admuda.

The Board will make the appropriate announcement to Bursa Malaysia Securities Berhad (“Bursa Securities”) in a timely manner in accordance with the Main Market Listing Requirements of Bursa Securities when there is further development in relation to the Investment Invitation.

This announcement is dated 18 January 2012.

XDL propose right, bonus and private placement

On behalf of the Board of Directors of the Company, AmInvestment Bank Berhad, wishes to announce that the Company is proposing to undertake the following:-

(i) a private placement of up to 43,999,990 new ordinary shares of United States Dollar (“US$”) 0.10 each in the Company (“Shares” or “XDL Shares”) (“Placement Shares”), representing up to 10% of the total issued and paid-up share capital of XDL (inclusive of treasury Shares) (“Proposed Private Placement”);

(ii) a bonus issue of up to 241,999,945 new Shares (“Bonus Shares”) (after the Proposed Private Placement), to be credited as fully paid-up at par, on the basis of one (1) Bonus Share for every two (2) existing Shares held by the entitled shareholders of the Company on an entitlement date to be determined by the Board and announced later (“Entitlement Date”) (“Proposed Bonus Issue”);

(iii) a renounceable rights issue of up to 241,999,945 warrants in XDL (“Warrant(s)”) (after the Proposed Private Placement), at an issue price of RM0.05 per Warrant on the basis of one (1) Warrant for every two (2) existing Shares held by the entitled shareholders of the Company on the same Entitlement Date as the Proposed Bonus Issue (“Proposed Rights Issue of Warrants”); and

(iv) increase in the authorised share capital of XDL from US$50,000,000 comprising 500,000,000 Shares to US$300,000,000 comprising 3,000,000,000 Shares (“Proposed Increase in Authorised Share Capital”).

The Proposed Private Placement, Proposed Bonus Issue, Proposed Rights Issue of Warrants and Proposed Increase in Authorised Share Capital will collectively be referred to as the “Proposals”.

Further details of the Proposals are set out in the attachment below.

This announcement is dated 18 January 2012.

Financial results:
HUAYANG

GUOCO

PANTECH

AMTEL

CVIEW

POLY

REDTONE

AJIYA

QCAPITAL

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