General Announcement
Reference No: TP-070816-37124
Company
Name
:
PACIFICMAS BERHAD
Stock
Name
:
PACMAS
Date
Announced
:
16-08-2007
Type
:
Announcement
Subject
:
PACIFICMAS BERHAD ("PacificMas")
- PURCHASE OF UNIT TRUSTS BY PACIFICMAS AND ITS SUBSIDIARIES IN UNIT TRUST FUNDS MANAGED BY PACIFIC MUTUAL FUND BHD ("Pacific Mutual")
Contents
:
Pursuant to Paragraph 10.08(1) of the Listing Requirements of Bursa Malaysia Securities Berhad, we wish to inform that PacificMas and its wholly-owned subsidiaries, namely PacificMas Fidelity Sdn Bhd ("PacificMas Fidelity") and PacificMas Capital Sdn Bhd ("PacificMas Capital") have purchased unit trusts in the following unit trust funds managed by Pacific Mutual : -
1)Purchase of Unit Trusts by PacificMas
Date of Purchase
Name of Fund
Value (RM)
Price per unit (RM)
30 July 2007
Pacific Recovery Fund
500,000
0.6597
30 July 2007
Pacific Dividend Fund
500,000
0.7204
15 August 2007
Pacific Dana Dividen
2,000,000
0.5000
2)Purchase of Unit Trusts by PacificMas Fidelity
Date of Purchase
Name of Fund
Value (RM)
Price per unit (RM)
30 July 2007
Pacific Recovery Fund
500,000
0.6597
9 August 2007
Pacific Recovery Fund
500,000
0.6270
15 August 2007
Pacific Dana Dividen
2,000,000
0.5000
3)Purchase of Unit Trusts by PacificMas Capital
Date of Purchase
Name of Fund
Value (RM)
Price per unit (RM)
15 August 2007
Pacific Dana Dividen
1,000,000
0.5000
Pacific Mutual is a 85% owned subsidiary of PacificMas and its principal business activities are establishment and management of unit trust funds. The principal business activities of PacificMas are investment holding and provision of management services to companies within the Group. The principal business activity of both PacificMas Fidelity and PacificMas Capital is investment holding.
None of the directors and substantial shareholders of PacificMas and persons connected to such directors and substantial shareholders has any interest in the abovesaid transactions save for the following :-
a)
Koperasi Angkatan Tentera Malaysia is a substantial shareholder of PacificMas and Pacific Mutual.
b)
Mr. Choi Siew Hong is a director of PacificMas, Pacific Mutual, PacificMas Fidelity and PacificMas Capital. Mr. Choi Siew Hong has a direct interest of 0.12% in the share capital of PacificMas.
c)
Y. Bhg. Tan Sri Dato' Wong Kum Choon is a director of PacificMas and Pacific Mutual. He does not have any interest in the share capital of PacificMas and Pacific Mutual.
The abovesaid transactions are not subject to the approval of the shareholders of PacificMas and the relevant government authorities.
