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(Post 1 of 56) 09/25/1999.01:22:00 |
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TMC International public offer tranche 162.10 times subscribed SINGAPORE (AFX-ASIA) - TMC International Holdings Ltd said the public tranche of its IPO was 162.10 times subscribed at the close of the offer. There were applications for 1.29 bln shares of the 8.0 mln tranche, it said. The 8.0 mln placement and reserved shares were fully taken up by institutional investors, employees and business associates, it said. TMC International offered the shares at 0.29 sgd each, with trading expected to begin on Monday. jb/zr AFN GPF92-24Sep99 05:09 GMT AFX ; ASIA ; |
| (Post 2 of 56) 09/27/1999.10:15:00 |
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Just sold my 3 lots of allocated shares @.48. Rgs, Winmoney |
| (Post 3 of 56) 09/27/1999.10:40:00 |
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STOCKWATCH: TMC Holdings sharply higher vs IPO price SINGAPORE (AFX-ASIA) - TMC Holdings was sharply higher than its IPO price in early trade although the volumes were hampered by the overall lack of activity in the market, dealers said. At 10:28 am, TMC Holdings was trading at 0.47 sgd, compared to an IPO price of 0.29 sgd, on volume of 12.4 mln shares. The shares traded between 0.40 and 0.49. The Straits Times index was down 7.21 points at 2,011.80. A dealer with a European-based brokerage said the tertiary education course provider is seen as a solid company, though "activity in the shares is very slow for the first day trading of an IPO." He said he had expected the shares to trade around 0.50 sgd on their listing today. "Given the attitude of the market today, it is a fairly decent showing." The relatively small size of the IPO was also a factor in the turnover being lower than other recent issues. TMC International Holdings Ltd offered 16 mln shares, including a public tranche of 8.0 mln shares, 4.0 mln placement shares and 4.0 mln reserved shares. The company is forecasting turnover to rise 15.5 pct to 11.9 mln sgd this year and a net profit of 2.0 mln, compared to 1.94 mln last year. TMC offers tertiary courses in business studies and information technology in association with foreign universitites, mainly in the UK and Australia. more dmb/gh AFN |
| (Post 4 of 56) 09/27/1999.10:45:00 |
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STOCKWATCH: TMC Holdings -- 2 (prospects not very exciting: analyst) An analyst with a local brokerage said the company's prospects are not very exciting. "The education business is very stable. Nothing very exciting about it," he said. TMC Holdings is just one of the players in tertiary education services in Singapore, he said. "It has not positioned against competitors like Thames and the upcoming Singapore Institute of Management." Although TMC Holdings also offers computer courses, he said he would not compare the company to Informatics, which is a more focussed niche player. TMC Holdings generates about 60 pct of its revenues from business courses and 40 pct from computer courses. He said he does not think TMC Holdings will perform very well, with his maximum price estimate at only 0.40 sgd each. Investors probably like it because its cheap and the stock could also be benefitting from its small IPO size, he said. jb/gh AFN |
| (Post 5 of 56) 03/15/2000.17:53:00 |
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can someone tell me what is going on here? what is its potential of moving up? |
| (Post 6 of 56) 03/23/2000.07:40:00 |
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TMC Intl Yr Net Pft S$1.6M VS Net S$2.3M TMC International Holdings Ltd. - Year To Dec. 31: ______________1999_____1998 Net Profit S$1,645,000 S$2,339,000 Pretax Profit 2,560,000 3,145,000 Revenue 10,833,000 10,516,000 Per Share Net Profit 1.75 cents 2.60 cents Dividend 0.2 cent 4 cents |
| (Post 7 of 56) 03/30/2000.06:06:00 |
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TMC INT'L HOLDINGS LTD 29 March 2000 The Listings Manager Singapore Exchange Securities Trading Ltd 20 Cecil Street #26-01/08 The Exchange Singapore 049705 Attn : Ms June Sim Dear Sir TMC INT'L HOLDINGS LTD FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 1999 (FULL YEAR RESULTS) We refer to your queries of 27 March 2000. TMC Int'l Holdings Ltd would like to provide further information in relation to the Group's performance for the financial year ended 31 December 1999. (a) The reason underlying the change in business condition is that competitors were able to restructure their educational courses and market them successfully in the last 3 months of 1999. They generally shortened the duration of their courses and this has made them very competitive. TMC's Management has recently reviewed and also restructured certain courses in anticipation of the changing demands of the market. Notwithstanding the above, the TMC Group will continue to expand its activities regionally in line with its long term business plans. It is currently in various stages of negotiations with overseas universities, institutions and business partners to offer more courses, collaborations and franchises. (b) The Directors noted the declining enrolment trend of students in December 1999 and became aware that profitability was below forecast level only when the financial accounts were finalised in February 2000. (c) The Group was only listed towards the last quarter of 1999 (ie. 15 September 1999) and the lower than forecasted profitability was finalised in February 2000. It was felt that the announcement should be made together with the release of the full-year financial results. Yours sincerely TMC INT'L HOLDINGS LTD YEOW CHENG KHIM (MS) Executive Director On Behalf of the Board of Directors Submitted by Yeow Cheng Khim, Executive Director on 29/03/2000 to the SES |
| (Post 8 of 56) 04/05/2000.05:17:00 |
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TMC INT'L HOLDINGS LTD The Board of Directors of TMC Int'l Holdings Ltd is pleased to announce the signing of a collaborative agreement between its wholly-owned subsidiary, Technology Management Centre Int'l Pte Ltd and Cambridge University Asia Pacific Training Services Limited ("CUAPTS"). CUAPTS is a wholly owned subsidiary of The Chancellor Masters and Scholars of the University of Cambridge which owns the Royal Society of Arts Examination Board. Under the Agreement, CUAPTS will validate certain of TMC's courses, assessment systems and examination procedures based on the agreed Examination Syllabuses. Successful candidates of these courses will receive certificates issued under the name of the Royal Society of Arts Examination Board by the The Chancellor Masters and Scholars of the University of Cambridge. The Royal Society of Arts Examination Board is part of the University of Cambridge Local Examinations Syndicate Group. This arrangement will cover certain of TMC's courses to be offered in Singapore, the People's Republic of China, Malaysia, the Philippines, Thailand and Indonesia and other countries as the parties may agree. Submitted by Loh Shun Chun, Company Secretary on 04/04/2000 to the SES |
| (Post 9 of 56) 04/30/2000.23:21:00 |
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TMC INT'L HOLDINGS LTD [Memorandum of Understanding with University of Newcastle],TMC INT'L HOLDINGS LTD [Australia] The Board of Directors of TMC Int'l Holdings Ltd is pleased to announce the signing of a Memorandum of Understanding between TMC Int'l Holdings Ltd ("TMC") and University of Newcastle, Australia ("UoN") on 28 April 2000. The UoN is an established tertiary educational institution in Australia since 1965. It is well-known for applying its innovative problem-based learning methodologies into its programs. The signing of this Memorandum is a significant milestone for both institutions to further strengthen their strong relationship and to be able to offer to the Singapore market as well as the region a wide array of courses to meet the growing needs and expectations of the workforce. TMC and UoN had entered into a specific agreement on 9 June 1998 to offer the Bachelor of Construction Management (Building), a Distance Learning program, in Singapore. They now wish to expand the working relationship to the following faculties or departments: (a) Faculty of Architecture Building and Design; (b) Faculty of the Central Coast; (c) Faculty of Engineering; (d) Faculty of Arts and Social Science; (e) Graduate School of Business, Faculty of Economics and Commerce; (f) Faculty of Science and Mathematics; (g) Faculty of Nursing; (h) Student and Academic Services Division; (i) Enabling Programs Unit; and (j) Language Centre. Among the programs to be offered include the Professional Diploma and Bachelor and Master degree courses conducted by the various faculties of UoN. TMC with its proprietary Diploma and Higher Diploma courses provide a pathway for students to pursue the UoN programs. TMC will offer all or some of the programs in Singapore, the People's Republic of China, Indonesia, Thailand and the Philippines commencing this year. Initially, TMC and UoN will work to offer courses in Hospitality Management and various other specialisations, Applied Information Technology, Computer Science, Communication Studies and Construction Management. This will be followed with Mechatronics and Telecommunications Engineering, Nursing, Psychology and Environmental Management. Besides UoN, TMC works with many other reputable institutions such as Staffordshire University and the Royal Society of Arts which is part of University of Cambridge Local Examinations Syndicate in UK, Monash University and Deakin University in Australia and Northwood University in the USA. Submitted by Yvonne Choo, Secretary on 28/04/2000 to the SES |
| (Post 10 of 56) 07/04/2000.00:47:00 |
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MEMORANDUM OF UNDERSTANDING WITH MOULMEIN CITIZEN CONSULTATIVE COMMITTEE The Board of Directors of TMC Int'l Holdings Ltd is pleased to announce the signing of a Memorandum of Understanding between TMC Educational Group and Moulmein Citizen Consultative Committee to collaborate on the Moulmein "Project iBridge". The Moulmein "Project iBridge" aims at bridging the gulf between the "less computer literate" and the "computer savvy" in Singapore. TMC Educational Group is working with Moulmein Citizen Consultative Committee to train up to 2,000 senior citizens over the next two years to be computer literate. Submitted by Loh Shu Chun, Company Secretary on 03/07/2000 to the SGX |
| (Post 11 of 56) 07/04/2000.00:47:00 |
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MEMORANDUM OF UNDERSTANDING WITH GUANGZHOU KAIYUAN ECONOMIC DEVELOPMENT CO. LTD. The Board of Directors of TMC Int'l Holdings Ltd is pleased to announce the signing of a Memorandum of Understanding between TMC Educational Group and Guangzhou Kaiyuan Economic Development Co. Ltd., the People's Republic of China to conduct TMC courses in Computing, Business and English Language in the Sichuan province. Submitted by Loh Shu Chun, Company Secretary on 03/07/2000 to the SGX |
| (Post 12 of 56) 12/07/2000.02:40:59 |
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SIGNING OF LETTER OF INTENT
The Board of Directors of TMC Int'l Holdings Ltd ("TMC") is pleased to announce the signing of a Letter of Intent between its wholly owned subsidiary TMC Franchise Int'l Pte Ltd and Shanghai Bangde Educational Consultation Service Co. Ltd ("Bangde"). Under the arrangement, Bangde will obtain the franchise and the right to offer educational programmes and courses developed by TMC and to use the licence name "TMC" in Shanghai and in such territories in The People's Republic of China as may be agreed between the two parties from time to time. Bangde is an educational group providing educational services to students in China and has a college and 4 high schools in Shanghai. It aims to establish itself as a top educational institute by tying up with well-known overseas educational institutions. The above arrangement is part of TMC's longer term strategy to expand its operation in China through franchising. Submitted by Loh Shu Chun, Company Secretary on 06/12/2000 |
| (Post 13 of 56) 04/02/2001.17:18:59 |
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LIQUIDATION OF CYBERCAMPUS 21 PTE LTD
The Board of Directors of TMC Int'l Holdings Ltd ("TMC") advised that its associated company, CyberCampus 21 Pte Ltd ("CC21") had gone into voluntary liquidation on 30 March 2001. The Board is of the opinion that the business of CC21 is no longer viable. CC21 is a joint venture between TMC and CSA Holdings Ltd entered into in May 1998 to provide services to educational institutions, including TMC, to deliver Internet-base learning programs. TMC has invested $150,000 in CC21 and holds 30% of its equity. A further cost of $138,000 was incurred by TMC in connection with the voluntary liquidation. The above transaction is not expected to have a material effect on the net tangible assets or earnings per share for the Group for the financial year ending 31 December 2001. TMC's plans to deliver degree and diploma courses to students via dial-up Internet access will not be affected by the liquidation of CC21. None of the Directors or substantial shareholders of TMC has any interest, direct or indirect in the above transaction. Submitted by Loh Shu Chun, Company Secretary on 02/04/2001 |
| (Post 14 of 56) 06/22/2001.18:12:53 |
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COMPLETION CEREMONY OF XI'AN CAIT-INFOBUZ INT'L COLLEGE - A FRANCHISE CENTRE OF TMC EDUCATIONAL GROUP ATTENDED BY GOVERNOR OF SHAANXI PROVINCE, HE CHENG AN DONG, SINGAPORE AMBASSADOR TO PRC, HE BG CHIN SIAT YOON & REGIONAL DIRECTOR OF TDB, MS EDITH CHEONG CHOY HOONG
TMC, a niche provider of quality education through its group of schools, has demonstrated its leading position as a major Singapore educational service partner of the People's Republic of China (PRC) through its tie-up with CAiT-Infobuz International College of Xi'an, PRC. CAiT-Infobuz International College is the private education arm of Xi'an Jiao Tong University which provides quality premium tertiary education to the students in PRC and it has been appointed the Master Franchisee by TMC to deliver TMC educational programmes in Xi'an. The collaboration between TMC and CAiT-Infobuz is a strategic partnership each leveraging on the strengths of the other. "CAiT-Infobuz has excellent knowledge of the long term needs of the education market in PRC and the local conditions, and has a strong local network of educational resources. TMC contributes to the partnership with its 20 years of experience in the international education field, vast network of international partners, developed and updated teaching materials and delivery methods. Both partners appreciate the need for strategic partners to strengthen their position as quality education service provider in the boundless education industry," said Dr Chin Kon Yuen, Chief Executive Officer and Managing Director of TMC Int'l Holdings Ltd. CAiT-Infobuz is holding an official Completion Ceremony in Xi'an, PRC, to mark the successful construction of its first phase campus on the morning of 23rd June 2001. The first phase project involving RMB22 million covers a total of 165 acres of land with a capacity to accommodate up to 3,000 students and with teaching, dormitory and sports facilities. This educational project is perhaps the largest venture of its kind in North East China. Gracing the occasion are senior officials from both countries, including Mr Cheng An Dong - Governor, Shaanxi Province, HE BG Chin Siat Yong - Singapore Ambassador to PRC, Mr Chew Heng Ching - Member of Parliament for the East Coast GRC and Executive Chairman of TMC Int'l Holdings Ltd, Mr Wang Jian Hua, Vice Principal - Xi'an Jiao Tong University and Ms Edith Cheong Choy Hoong - Regional Director, Singapore Trade Development Board (TDB). On TMC's initiative in PRC, Mrs Tan Li Lin, Deputy Director, Lifestyle Business Division, TDB, has this to add : "Singapore's education system has often been recognised for its quality and excellent standards. Last year alone, we have close to 30,000 foreign students enrolled in Singapore. Our education providers are well ready to venture into the international markets. TDB will partner with key education players to develop the industry and expand the business potential of the sector. TMC's initiative in China to provide skills development and training is a good illustration of the sector's potential to globalise." Mr Tham Poh Cheong, Deputy Director, Market Development (China) Division, TDB, also added : "Over the years, China's rapid economic growth has provided ample opportunities for win-win business co-operation between Singapore and China. China is Singapore's largest foreign investment destination and our total trade with China amounted to S$21.6 billion last year. TMC's project in Xi'an has reached a significant milestone and we would like to congratulate TMC on this." The completion of the first phase complex is an important milestone for both TMC and CAiT-Infobuz as it signifies the beginning of a new chapter in their long-term relationship to contribute to the progress of education not only in Xi'an but to the whole of Shaanxi Province in the years to come. CAiT-Infobuz and TMC are confident of the success of the venture. The initial response of the students signing up for the TMC programmes has been overwhelming and for which the need for the second phase construction of the complex is expected to come earlier than projected. The above franchise arrangement is expected to contribute positively to the earnings of TMC Int'l Holdings Ltd in the years to come. None of the Directors in TMC have any interest in the project. Submitted by Loh Shu Chun, Company Secretary on 22/06/2001 |
| (Post 15 of 56) 08/27/2001.23:10:36 |
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PRESS STATEMENT ON THE OPENING CEREMONY OF CAIT-INFOBUZ INTERNATIONAL COLLEGE, XIAN, SHAANXI, CHINA, ON MONDAY, 27TH AUGUST 2001 BY THE MINISTER FOR TRADE & INDUSTRY, BG GEORGE YEO
TMC Educational Group, a niche provider of quality educational programmes in Singapore through its network of overseas universities, has taken a major step into the China (PRC) market through its tie-up with CAiT-Infobuz International College in Xian, Shaanxi, through a Franchise arrangement. CAiT-Infobuz International College is the commercial arm of Xian Jiao Tong University - one of the top 10 universities in China providing quality premier education. The collaboration between TMC and CAiT-Infobuz is indeed a strategic alliance with each leveraging on the strength of the other. CAiT-Infobuz has excellent knowledge of the long term needs of the education market in China and the local requirements and conditions as well as a strong network of resources. On its part, TMC has its own proprietary programmes and a strong network of internationally renowned universities from Australia, UK, US, Germany and Canada. Having been in the educational field for more than 20 years, it has considerable expertise in designing and developing courses and teaching materials and delivery methods as well as a pool of experienced staff. TMC's proprietary programmes are certificated by the University of Cambridge Local Examinations Syndicate (UCLES) under the badge of Royal Society of Arts (RSA) and TMC. In addition, some of its IT programmes are validated and certificated by the University of Oxford Delegacy of Local Examinations. Graduates from the former programmes are granted exemptions to complete their degree programmes with TMC's partner universities and others within one to two years either on campus or in TMC, Singapore. The validation by UCLES ensures that TMC programmes reach the highest level of educational excellence equal to the best in the world. Through the strategic partnership, CAiT-Infobuz is also granted the UCLES Accredited Centre status thus allowing it to bring the international educational programmes into China and enabling students to undergo international educational programmes at local costs. At a later stage, TMC will introduce professional certification programmes from leading US universities into CAiT-Infobuz thus allowing potential students to upgrade themselves to professionals. Today's ceremony marks the successful opening of CAiT-Infobuz's first phase campus costing around RMB22million covering a total of 85 acres with another 82 acres for second phase development. This project is perhaps the largest venture of its kind in the North West region involving a local educational institution and a foreign partner.Ms Edith Cheong, Regional Director (China & Hong Kong), Singapore Trade Development Board, said, "TMC's collaboration with CAiT-Infobuz International College of Xi'an rides on China's rapidly growing economy and is in line with the Central Government's plans to develop the Western region. Its provision of quality tertiary courses will help the region, and especially Shaanxi, develop its manpower capabilities in business and management." Submitted by Loh Shu Chun, Company Secretary on 27/8/2001 |
| (Post 16 of 56) 09/26/2001.13:06:50 |
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Increase of Shareholding in TMC-Bilcon Pte Ltd
The Directors of Transit-Mixed Concrete Ltd ("TMC") wish to announce that TMC has on 26/9/01 increased its shareholding in its subsidiary, TMC-Bilcon Pte Ltd from 70% to 100% by acquiring 180,000 ordinary shares of S$1/- each fully paid from Bilcon Readymix Pte Ltd at a total consideration of S$10,000/-. The aforesaid acquisition of shares is not expected to have a material impact on the net tangible assets or earnings per share of TMC. None of the Directors or substantial shareholders of TMC has any interest, direct or indirect in the above transaction. Submitted by Chen Lee Lee, Company Secretary on 26/9/01 |
| (Post 17 of 56) 12/06/2001.15:44:55 |
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ALERT - 'ABANG' LAGI DATANG
who is the ABANG...make a guess lor.... 'monopoly' of s'pore education provider akan datang.... genuine retail investors beware |
| (Post 18 of 56) 01/02/2002.17:25:18 |
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TMC INT'L HOLDINGS LTD
APPOINTMENT OF DIRECTOR The Board of Directors of TMC Int'l Holdings Ltd ("the Company") is pleased to announce that Mr Teo Boon Seng was appointed a Director of the Company with effect from 2 January 2002. Mr Teo is considered independent pursuant to Clause 902(4) (a) of the Singapore Exchange Securities Listing Manual. Submitted by Loh Shu Chun, Company Secretary on 02/01/2002 to the SGX |
| (Post 19 of 56) 01/02/2002.17:27:06 |
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TMC INT'L HOLDINGS LTD
Announcement Of Appointment Of Director Date of appointment: 02 Jan 2002 Name: Teo Boon Seng Age: 49 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Non-Executive Working experience and occupation(s) during the past 10 years: Mr Teo holds a Bachelor of Commerce Degree from the University of Western Australia. He has been a Partner of Teo Liang Chye & Co. Certified Practising Accountants since 1982. His areas of responsibility involve audit, taxation, corporate secretarial, liquidation, computer consultancy and staff training. He was also in charge of the audit work of a listed company till 1996. Mr Teo is also currently a member of the Practice Monitoring Committee of The Institute of Certified Practising Accountants of Singapore where the committee oversees and monitors the quality of audit work of all auditors on a regular cycle to ensure that all practising accountants maintain, observe and apply an appropriate level of professional standards in their audit work. He is also a member of The Institute of Certified Practising Accountants of Singapore, The Institute of Chartered Accountants in Australia and the Australian Society of Certified Practising Accountants. Other directorships Past: None Present: None Shareholding in the listed issuer and its subsidiaries: None Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( Per Appendix 15) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? No 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? No 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Loh Shu Chun, Company Secretary on 02/01/2002 to the SGX |
| (Post 20 of 56) 01/25/2002.14:29:45 |
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GOOD EDUCATION & CHINA MARKET PLAY
damn cheap....clear laggard behind RAFFLES LASELLE n INFORMATICS. buying liao..... |
| (Post 21 of 56) 01/25/2002.14:30:14 |
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GOOD EDUCATION & CHINA MARKET PLAY
damn cheap....clear laggard behind RAFFLES LASELLE n INFORMATICS. buying liao..... |
| (Post 22 of 56) 02/04/2002.09:27:05 |
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FORGET LASELLE n INFORMATICS....TMC UNDERVALUED
"last yr student base of 30,000+" - what is the size of student population in campus like NUS, NTU??? "165 acres of campus in china with initial 3,000 student intake" - this is as big as our local tertiary institution campuses. keekee.....buying n collecting liao..... cheers |
| (Post 23 of 56) 02/05/2002.05:13:08 |
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742 LOTS MAKANed AT ONE GO AT 17 CENTS!!!
owe up owe up.....which broker or stockist huh???.... you tiam tiam...but we know who you are.... |
| (Post 24 of 56) 02/06/2002.15:39:20 |
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????? But nevertheless there is another one that can move like TMC & it is "Asian Micro" near to its par-value, abt 70% - 75% discount to its previous IPO price at 38 cents. CPF trustee stock & CONTRACT MANUFACTURER in its business nature, check it out!!! |
| (Post 25 of 56) 03/11/2002.17:35:38 |
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TMC INT'L HOLDINGS LTD
ACQUISITION OF PROPERTY The Directors of TMC Int'l Holdings Ltd ("the Company") are pleased to announce that the Company has entered into Sale and Purchase Agreements to acquire four (4) office premises at units #17-01, #17-02, #17-03 and #17-06, Peninsula Plaza, 111 North Bridge Road, Singapore ("the Property"). The total consideration of $4,316,070.00 for the purchase of the Property (Singapore Dollars four million three hundred and sixteen thousand and seventy only) was arrived at on a "willing-buyer willing-seller" basis. The Company intends to finance the purchase through internal resources and bank borrowings. The Company is expanding its businesses and would require the additional space for administration, marketing and training purposes. The Company currently owns and occupies the whole of 6th storey at Peninsula Plaza. As the Property is located at Peninsula Plaza, the purchase would enable the Company to conduct and consolidate its businesses in the same location. The consideration of $4,316,070.00 constitutes approximately 37.9% of the net asset value of the Company based on the Company's latest audited accounts as at 31 December 2000. As such, the purchase is deemed a "major transaction" under clause 1007 of the SGX-ST Listing Manual and is subject to shareholders' approval. A circular in relation to the purchase of the Property and the Notice of Extraordinary General Meeting will be dispatched to shareholders in due course. The financial effects of the purchase of the Property are as follows: (i) Net Profit attributable to the Property being acquired The Property would be for self-occupancy and therefore will not yield any rental income for the Company. However, it is expected that the acquisition will provide opportunities for business expansion, savings on the rental expenses as the Company would have to rent other premises for expansion needs. (ii) Earnings per share Based on the Company's latest audited accounts as at 31 December 2000, and assuming that the purchase of the Property was completed on the first day of the financial year, the effect of the purchase on the earnings per share of the Company and its subsidiaries and associated companies before extraordinary items and taking into account the depreciation, maintenance costs, interests on bank borrowings would be as follows: Before the purchase 0.69 cents After the purchase 0.43 cents If the Company were to rent an equivalent space, based on current market rental, it would have cost the Company about S$25,000 per month based on $5.00 per square foot per month. (iii) Net tangible assets per share The purchase is not expected to have any material impact on the net tangible asset value of the Company. None of the Directors or substantial shareholders of the Company have any interest, directly or indirectly, in the abovementioned transaction. BY ORDER OF THE BOARD Submitted by Loh Shu Chun, Company Secretary on 11/03/2002 to the SGX |
| (Post 26 of 56) 03/13/2002.14:23:01 |
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TMC INT'L HOLDINGS LTD
ADDITIONAL INFORMATION ON ACQUISITION OF PROPERTY Further to the announcement made on 11 March 2002 pertaining to the acquisition of four units of office premises at Peninsula Plaza, 111 North Bridge Road Singapore ("the Property), the Directors of TMC Int'l Holdings Limited ("the Company") would like to announce the following additional information: 1. The transaction value of S$4,316,070 was arrived on a "willing buyer willing seller basis" after negotiations with the vendor for a reduction from the vendor's original asking price of more than S$4.5 million or S$900 per square foot. In the negotiations, the Company took into consideration the transacted prices of office units at Peninsula Plaza in the year 2001, ranging from $970 per square foot to $1,106 per square foot. 2. This acquisition would be satisfied via the Company's cash reserve of $1.5 m and the balance via bank borrowings of S$2.8 million at interest rates of 1.5% p.a. above the prevailing cost of funds. 3. The vendor is selling the Property as Mortgagee. The completion of the sale and purchase of the Property is conditional upon, inter alia, the following: · The purchase being approved by shareholders of the Company at an EGM to be convened. In the event that shareholders' approval is not obtained, the Company is entitled to rescind the agreement whereupon the vendor shall forfeit 1% of the consideration and refund the balance of the deposit to the Company and the Sale and Purchase Agreement shall be null and void. · There being no order, notice or gazette notification of acquisition or intended acquisition served by the government or competent authority on the property before completion date. · Legal completion of all four units of the Property shall be simultaneous and the Company is not entitled to complete the purchase of any unit without the completion of the purchase of the other units. 4. The market value of the Property is S$4,450,000 based on a valuation made by a professional valuer on 6 March 2002 appointed by the lending bank. The valuation is that of open market value. The Directors are aware that the gearing ratio of the company based on the audited balance sheet as at 31 December 2000 has increased from 0.60 times to 0.88 times with the acquisition of this property. The Directors are evaluating plans to raise additional equity capital to reduce this gearing as well as meet the future expansion needs of the Company. Submitted by Loh Shu Chun, Company Secretary on 13/03/2002 to the SGX |
| (Post 27 of 56) 04/01/2002.08:58:17 |
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TMC INT'L HOLDINGS LTD
FRANCHISE AGREEMENT The Board of Directors of TMC Int'l Holdings Ltd ("TMC") is pleased to announce the signing of the Franchise Agreement between its wholly owned subsidiary TMC Franchise Int'l Pte Ltd and Shanghai Chiway Education Development Co. Ltd. ("Chiway"). Under the agreement, Chiway will obtain the franchise and the right to offer education programmes and courses developed by TMC and to use the licence name "TMC" in Shanghai, Wuxi, Hefei, Suzhou, Shaoxing cities of the People's Republic of China. Chiway operates as an investment and management company in education business. The group has investments in Shanghai, Suzhou, Hefei, Shaoxing and Wuxi and manages five primary and secondary schools, one university and one vocational institution with near to 10,000 students in the People's Republic of China. The above arrangement is part of TMC's strategy to expand its operation in China through franchising. Submitted by Loh Shu Chun, Company Secretary on 28/03/2002 to the SGX |
| (Post 28 of 56) 04/02/2002.09:06:30 |
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TMC INT'L HOLDINGS LTD
Announcement Of Appointment Of Independent Director Date of appointment: 01 Apr 2002 Name: David Tan Chao Hsiung Age: 42 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Non-executive Working experience and occupation(s) during the past 10 years: Mr David Tan holds a Master of Commerce (Finance) from the University of New South Wales, Australia, and a Bachelor of Economics (Accountancy) from Macquarie University, Australia. He joined Omega Capital/Maximus Capital in 1997 and is currently its Director & Shareholder. Prior to this, he was the Director & Head of N M Rothschild & Sons (S'pore) Ltd from 1996 to 1997 and the Vice-President & Head of Investment Banking in Keppel Bank of S'pore Ltd from 1993 to 1996. Mr Tan's main areas of experience lie in capital liaising, mergers & acquisitions and financial restructuring. He is also a member of the Australian Society of CPAs. Other directorships Past: N M Rothschild & Sons (S'pore) Ltd Mayfran International Ltd Aik Hua Food & Beverage Pte Ltd Strategic Intelligence Holdings Pte Ltd Present: Second Chance Properties Ltd Craft Print International Ltd Omega Capital Pte Ltd Maximus Capital Pte Ltd Ramatex North (Asia) Pte Ltd Shareholding in the listed issuer and its subsidiaries: None Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( Per Appendix 15) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? No 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? No 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Loh Shu Chun, Company Secretary on 01/04/2002 to the SGX |
| (Post 29 of 56) 04/02/2002.09:06:52 |
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TMC INT'L HOLDINGS LTD
Announcement Of Appointment Of Independent Director Date of appointment: 01 Apr 2002 Name: Woo Lee Yong Age: 62 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Non-executive Working experience and occupation(s) during the past 10 years: Mr Woo Lee Yong holds a MSc (Organisational Psychology) from Manchester School of Management, UMIST, UK, and a BSc (Mathematics & Statistics) from the University of New South Wales, Australia. He also attended the Management Development Program from Harvard Business School, USA, and Executive Development Program from Cornell University, USA. Mr Woo has extensive university teaching and research experience being a Senior Lecturer with the National University of S'pore from 1985 to 1995. Prior to this, he was with Singapore Airlines for 18 years from 1967 to 1985 holding various job functions including Senior Systems Analyst, Chief Information Systems Manager, Asst Director of Management Services and Asst Director of Finance. Mr Woo also has extensive experience in consultancy work having successfully carried out consultancy assignments for IBM, various airline companies and other conglomerates. He was also the Founder Member & President of Data Processing Managers' Association (DPMA) of S'pore and the Council Member of The Society of Modern Management in S'pore. Other directorships Past: None Present: IPACS Group of Companies Starts Corporation Pte Ltd ATL Holdings Pte Ltd Edu-Train Pte Ltd Shareholding in the listed issuer and its subsidiaries: None Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( Per Appendix 15) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? No 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? No 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Loh Shu Chun, Company Secretary on 01/04/2002 to the SGX |
| (Post 30 of 56) 04/02/2002.09:07:25 |
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TMC INT'L HOLDINGS LTD
CHANGES TO BOARD OF DIRECTORS/AUDIT COMMITTEE The Board of Directors of TMC Int'l Holdings Ltd ("the Company") would like to announce that Mr Chew Heng Ching has stepped down as Chairman and Director of the Company with effect from 1 April 2002. Following Mr Chew Heng Ching's resignation, Dr Chin Kon Yuen has assumed the position of Chairman of the Company and he will remain as Managing Director and Chief Executive Officer of the Company. The Board of Directors would like to express a note of appreciation to Mr Chew Heng Ching for his invaluable services and contributions to the Company. The Board of Directors further announces the appointments of:- Messrs David Tan Chao Hsiung and Woo Lee Yong as Directors of the Company with effect from 1 April 2002. Messrs David Tan Chao Hsiung and Woo Lee Yong are considered independent directors pursuant to Clause 902 (4) (a) of the Listing Manual of the Singapore Exchange Limited. Mr Teo Boon Seng as a member of the Audit Committee with effect from 1 April 2002. With this appointment, the Audit Committee comprises the following members: Mr Chow Kok Kee (Chairman, Independent Director) Ms Kong Yim Pui (Independent Director) Mr Teo Boon Seng (Independent Director) Ms Yeow Cheng Khim (Executive Director) BY ORDER OF THE BOARD Loh Shu Chun Company Secretary Submitted by Loh Shu Chun, Company Secretary on 01/04/2002 to the SGX |
| (Post 31 of 56) 04/17/2002.09:01:38 |
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TMC INT'L HOLDINGS LTD
PRESS RELEASE ON THE MOU BETWEEN TMC INT'L HOLDINGS LTD AND PROFESSIONAL & ORGANISATION DEVELOPMENT SDN BHD (MALAYSIA) As part of TMC Int'l Holdings Ltd's (the "Company" or "TMC") effort to expand its business regionally, the Company has been actively searching for partners in the region to establish partnerships that would allow TMC to expedite its penetration into regional markets. In particular, TMC is very keen to create a presence in the Malaysian commercial education market both for reasons of proximity as well as the tremendous potential of the Malaysian market. Professional & Organisation Development Sdn Bhd (P.O.D.) is a promising consultancy and training company committed to providing excellent services to meet with customers' requirements and expectation through specialist skills, professionalism, dedication and integrity. With its highly effective networking system and personal contacts at senior level, P.O.D. is gaining rapid inroads into some 600 large and medium-sized companies and is poised for significant growth. With Singapore and Malaysia both progressing steadily in all aspects of their respective economy, there are indeed good opportunities in the educational and training area for both countries through coordinated effort. In line with this, TMC and P.O.D. have sign a Memorandum of Understanding ("MOU") which will lead eventually to a joint-venture to take up the Master Franchise of TMC's proprietary courses for the Malaysian market. TMC's proprietary programmes are validated by the University of Cambridge Local Examinations Syndicate (UCLES) and graduates from these programmes are able to gain exemptions to complete their undergraduate programmes in a network of more than 15 internationally renowned universities and colleges from the Australia, UK, US and Canada. TMC's 20 years experience as the premier provider of quality education and training in Singapore and the region coupled with P.O.D.'s professionalism and excellent understanding of the Malaysian market, will ensure that the proposed joint venture will enhance the performance of both organizations in the long term and enable both to strengthen their presence in the Malaysian market. Submitted by Loh Shu Chun, Company Secretary on 16/04/2002 to the SGX |
| (Post 32 of 56) 04/22/2002.17:28:28 |
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TMC INT'L HOLDINGS LTD
PRESS RELEASE ON THE LAUNCH OF CAMBRIDGE GCE 'O' LEVEL PROGRAMME IN CHINA With the likely influx of multinational corporations (MNCs) into China, there will be an acute demand for new technologies to drive the industries and training to equip people with the right skills and knowledge to man them. Needless to say, the educational system will undergo tremendous pressure to provide the country with the numbers that are needed now and the future. The foundation to all these must certainly be the provision of good English education to provide the basis for other international programmes to build on. It is therefore most timely that the University of Cambridge Local Examinations Syndicate (UCLES) and TMC Int'l Holding Ltd agreed to jointly implement the GCE 'O'Level programme for the first time in China through TMC's franchisee, CAiT Infobuz International College in Xian, Shaanxi province. Under the arrangement, UCLES will be the Examining Authority and will award all successful candidates with the relevant certificates while TMC will be appointed to be the training provider. To maintain a high quality standard, TMC will train the teachers to teach the GCE 'O' level programme and UCLES will jointly issue an authorised teacher certificate to the trained teachers certifying that they are qualified to teach at specific TMC approved centres. To further strengthen this relationship, UCLES will also arrange for the examiners to conduct annual visit to TMC approved centres and help raise the teaching standards there. The above is indeed a historic event for both UCLES and TMC as it marks a significant step forward for both organizations in enhancing their presence in China and, in particular, in contributing towards the further growth and development of education there. Indeed, for China itself, this is also a major step forward in bringing the education system in line with the international community. Submitted by Ms Yeow Cheng Khim, Director on 22/04/2002 to the SGX |
| (Post 33 of 56) 05/02/2002.10:30:31 |
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Why TMC hv yet to move? Hv been expanding to China market.Market cap is small and the company is profitable. |
| (Post 34 of 56) 05/07/2002.09:00:43 |
| Author : |
TMC INT'L HOLDINGS LTD
NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TMC INT'L HOLDINGS LTD ("the Company") will be held at 141 North Bridge Road, #03-01 Capitol Centre, Singapore 179099 on Wednesday, 22 May 2002 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the Directors' Report and Audited Accounts of the Company for the year ended 31 December 2001 together with the Auditors' Report thereon. (Resolution 1) 2. To declare a first and final dividend of 0.2 cents per ordinary share less income tax for the year ended 31 December 2001. (Resolution 2) 3. To re-elect the following Directors retiring pursuant to Article 108 of the Company's Articles of Association: (i) Mr Teo Boon Seng (Resolution 3) (ii) Mr David Tan Chao Hsiung (Resolution 4) (iii) Mr Woo Lee Yong (Resolution 5) Mr Teo Boon Seng will, upon re-election as a Director of the Company, remain as a member of the Audit Committee and will be considered independent for the purposes of Clause 902(4)(a) of Listing Manual of the Singapore Exchange Securities Trading Limited. Mr David Tan Chao Hsiung and Mr Woo Lee Yong will, upon re-election as Directors of the Company, be appointed members of the Audit Committee and will be considered independent for the purposes of Clause 902(4)(a) of Listing Manual of the Singapore Exchange Securities Trading Limited. 4. To record the retirement of Mr Chow Kok Kee, a director retiring pursuant to Article 104 of the Company's Articles of Association, who has decided not to seek re-election. 5. To approve the payment of Directors' fees of S$115,000 for the year ended 31 December 2001. (Resolution 6) 6. To re-appoint Ernst & Young as the Company's Auditors and to authorise the Directors to fix their remuneration. (Resolution 7) 7. To transact any other ordinary business which may properly be transacted at an Annual General Meeting. AS SPECIAL BUSINESS To consider and if thought fit, to pass the following resolutions as Ordinary Resolutions, with or without any modifications: 8. Authority to allot and issue shares up to 50 per centum (50%) of issued capital That pursuant to Section 161 of the Companies Act, Cap. 50 and Clause 941(3)(b) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Directors be empowered to allot and issue shares in the capital of the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be allotted and issued pursuant to this Resolution shall not exceed fifty per centum (50%) of the issued share capital of the Company for the time being, of which the aggregate number of shares to be issued other than on a pro rata basis to all shareholders of the Company shall not exceed twenty per centum (20%) of the existing issued share capital of the Company and that such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the Company's next Annual General Meeting. [See Explanatory Note (i)] (Resolution 8) 9. Authority to allot and issue shares under the TMC Share Option Scheme That pursuant to Section 161 of the Companies Act, Cap. 50, the Directors be empowered to allot and issue shares in the capital of the Company to the holders of options granted by the Company under the TMC Share Option Scheme ("the Scheme") established by the Company upon the exercise of such options and in accordance with the terms and conditions of the Scheme provided always that the aggregate number of additional ordinary shares to be allotted and issued pursuant to the Scheme shall not exceed fifteen per centum (15%) of the issued share capital of the Company for the time being. [See Explanatory Note (ii)] (Resolution 9) 10(a) Approval of Shareholders' Mandate for Interested Person Transactions That approval be and is hereby given for the purposes of Chapter 9A of the Listing Manual of the Singapore Exchange Securities Trading Limited, for the Company, its subsidiaries and associated companies or any of them to enter into any of the transactions falling within the types of Interested Person Transactions particulars of which are set out on page 30 of the Company's Prospectus dated 15 September 1999 ("Prospectus") with the Interested Persons described in the Prospectus and that such approval shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the next Annual General Meeting. [See Explanatory Note (iii)] (Resolution 10) 10(b) Authority to Directors to give effect to Resolution 10 That authority be given to the Directors to complete and do all such acts and things (including executing all such documents as may be required) as they may consider necessary, desirable or expedient to give effect to Resolution 10 above as they may think fit. [See Explanatory Note (iv)] (Resolution 11) By Order of the Board Yvonne Choo Loh Shu Chun Company Secretaries Singapore, 7 May 2002 Explanatory Notes: (i) The Ordinary Resolution 8 proposed in item 8 above, if passed, will empower the Directors of the Company, from the date of the above Meeting until the date of the next Annual General Meeting, to allot and issue shares in the Company. The number of shares which the Directors may allot and issue under this Resolution would not exceed fifty per centum (50%) of the issued share capital of the Company for the time being. For issues of shares other than on a pro rata basis to all shareholders, the aggregate number of shares to be issued shall not exceed twenty per centum (20%) of the existing issued share capital of the Company. (ii) The Ordinary Resolution 9 proposed in item 9 above, if passed, will empower the Directors of the Company, from the date of the above Meeting until the next Annual General Meeting, to allot and issue shares in the Company of up to a number not exceeding in total fifteen per centum (15%) of the issued share capital of the Company for the time being pursuant to the exercise of the options under the Scheme (iii) The Ordinary Resolution 10 proposed in item 10(a) above, if passed, will authorise the Interested Person Transactions as described in the Prospectus and recurring in the year. This authority will, unless previously revoked or varied by the Company at a general meeting, expire at the conclusion of the next Annual General Meeting of the Company. (iv) The Ordinary Resolution 11 proposed in item 10(b) above, if passed, will empower the Directors of the Company from the date of the above meeting until the next Annual General Meeting of the Company to do all acts necessary to give effect to the ordinary resolution proposed in item 10(a) above. Note: A Member entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and vote instead of him. A proxy need not be a Member of the Company. If the appointor is a corporation, the proxy must be executed under seal or the hand of its duly authorised officer or attorney. The instrument appointing a proxy must be deposited at the Registered Office of the Company at 10 Collyer Quay #19-08 Ocean Building, Singapore 049315 not less than forty-eight (48) hours before the time for holding the meeting. Submitted by Loh Shu Chun, Company Secretary on 07/05/2002 to the SGX |
| (Post 35 of 56) 05/07/2002.09:00:56 |
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TMC INT'L HOLDINGS LTD
Notice Of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 141 North Bridge Road #03-01 Capitol Centre Singapore 179099 on the 22nd day of May 2002 at 11.00 a.m. (or as soon thereafter following the conclusion or adjournment of the Annual General Meeting of the Company to be held at 10.00 a.m. on the same day and at the same place) for the purpose of considering and if thought fit, passing with or without modifications, the following Ordinary Resolution:- That approval be and is hereby given to the Company to complete the purchase of the property known as units #17-01, #17-02, #17-03 and #17-06, Peninsula Plaza, 111 North Bridge Road, Singapore 179098 on the terms and conditions as stated in the Sale and Purchase Agreements dated 7 March 2002 and that in connection therewith the Directors be and are hereby authorised to do any act or thing and sign and execute any documents or instruments as they may deem fit, with full power to assent to any modifications, amendments and/or variations to the terms of the purchase as the Directors may in their discretion deem fit in the interests of the Company. BY ORDER OF THE BOARD Yvonne Choo Loh Shu Chun Company Secretaries Singapore, 7 May 2002 Notes: 1. A member of the Company entitled to attend and vote at the Meeting is entitled to appoint not more than two proxies to attend and vote in his stead. 2. A member of the Company which is a corporation is entitled to appoint its authorised representative or proxy to vote on its behalf. 3. A proxy need not be a member of the Company. 4. The instrument appointing a proxy must be deposited at the registered office of the Company at 10 Collyer Quay #19-08 Ocean Building Singapore 049315 not less than 48 hours before the time appointed for holding of the Meeting. Submitted by Loh Shu Chun, Company Secretary on 07/05/2002 to the SGX |
| (Post 36 of 56) 05/22/2002.08:49:18 |
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TMC INT'L HOLDINGS LTD
PLACEMENT OF 10, 000, 000 NEW ORDINARY SHARES OF S$0.05 EACH IN THE SHARE CAPITAL OF TMC INT'L HOLDINGS LTD The Board of Directors of the Company ("Board") wishes to announce that the Company has entered into the following transactions in conjunction with a proposed placement of 10,000,000 new ordinary shares of S$0.05 each in the Company ("Placement Transaction") to raise funds for the Company's expansion plans and working capital needs. UOB Kay Hian Private Limited ("UOB Kay Hian") has been appointed to procure placees to raise the said funds. The Company proposes to raise a net proceeds of approximately S$2,000,000 from the Placement Transaction to fund its proposed overseas investments, specifically in the People's Republic of China ("PRC"). The Company is currently at various stages of negotiation with its existing franchisees in PRC to form joint ventures at different locations in PRC. The joint venture companies, by leveraging on the Company's strength in product development and network with international universities, as well as the market knowledge of the Company's franchisees, will focus on different territories in PRC to spearhead the Company's plan of introducing foreign education programmes in the country. Apart from the franchisees, the Company is also discussing with other potential partners in PRC and Malaysia to form similar joint venture investments. It is contemplated that the Placement Transactions will be completed on or about 29 May 2002 and as the Company may not be able to credit the said new shares into the securities account of UOB Kay Hian and/or the placees by that date, the Company, UOB Kay Hian and Ms Yeow Cheng Khim, have agreed to structure the placement in the manner described below. Ms Yeow Cheng Khim is an Executive Director and a substantial shareholder of the Company and currently holds approximately 16.98 per cent of the issued and paid-up share capital of the Company. Pursuant to an agreement dated 21 May 2002 ("Vendor Sale Agreement") between UOB Kay Hian and Ms Yeow Cheng Khim, UOB Kay Hian and/or its placees will acquire 10,000,000 ordinary shares of S$0.05 each from Ms Yeow ("Vendor Shares"). The Vendor Shares will be acquired at a price of $0.2202 per share which represents a discount of 10 per cent to the weighted average price for trades done on the SESDAQ on 21 May 2002. Completion of the Vendor Sale Agreement is conditional upon the satisfaction of the conditions precedent in the Subscription Agreement described below. The Vendor Shares represent approximately 9.43% of the total issued and paid-up share capital of the Company. Under the Vendor Sale Agreement, UOB Kay Hian has undertaken that the Vendor Shares will not be first placed with purchasers who are unable to confirm to UOB Kay Hian that they are not any of the following persons :- (a) the Company's Directors and substantial shareholders and their immediate family members; (b) the Company's substantial shareholders, related companies, associated companies and fellow companies of the substantial shareholders; (c) corporations in whose shares the Company's Directors and substantial shareholders have an aggregate interest of at least 10 per cent. On 21 May 2002, Ms Yeow entered into a Subscription Agreement with the Company ("Subscription Agreement") pursuant to which Ms Yeow agreed to subscribe for 10,000,000 new ordinary shares of $0.05 each in the Company ("New Shares") at an issue price of S$0.2202 per New Share. Completion of the subscription for the New Shares is conditional upon the approval of the Stock Exchange of Singapore Securities Trading Limited ("SGX-ST") for the listing and quotation of the New Shares on SESDAQ and the shareholders of the Company approving the general mandate under Section 161 of the Companies Act and Clause 941(3)(b) of the SGX-ST Listing Manual for the Directors to issue new shares provided that that the aggregate number of shares issued other than on a pro rata basis to existing shareholders shall not exceed 20 per cent. of the issued share capital of the Company for the time being ("General Mandate"). The current General Mandate expires on 22 May 2002, being the date of the forthcoming annual general meeting of the Company to be held at 10 a.m. at 141 North Bridge Road, #03-01 Capitol Centre, Singapore 179099. Application will be made by the Company to the SGX-ST for the listing and quotation on SESDAQ of the New Shares shortly. Completion of the Vendor Sale Agreement and the Subscription Agreement is to take place contemporaneously and the proceeds from the sale of the Vendor Shares will be applied by Ms Yeow in payment for the New Shares under the Subscription Agreement. The New Shares will be allotted and issued to Ms Yeow pursuant to the General Mandate to be granted at the said forthcoming annual general meeting of the Company to be held on 22 May 2002. The Company will reimburse Ms Yeow for the transaction costs incurred in respect of the Vendor Sale Agreement and the completion of the Placement Transactions. Ms Yeow will not receive any benefit, economic or otherwise, from the Subscription Agreement or the transactions contemplated by the Vendor Sale Agreement. The entry by Ms Yeow into the Subscription Agreement is for the sole purpose of assisting the Company to complete the Placement Transactions in as expeditious a manner as possible, which is in the interests of the Company. The issue of New Shares will increase the issued and paid-up share capital of the Company from S$5,300,000 divided into 106,000,000 ordinary shares of S$0.05 each to S$5,800,000 divided into 116,000,000 ordinary shares of S$0.05 each. Based on the audited financial statements of the Company and its group of companies (the "Group") as at 31 December 2001, the Placement Transaction will increase the net assets backing per share of the Group and the Company from 11.48 and 11.47 cents respectively per share to 12.21 and 12.20 cents respectively per share after adjusting for the issue of the New Shares. The Placement Transaction will reduce the earnings per share of the Group and the Company from 0.73 and 0.79 cents respectively to 0.67 and 0.72 cents respectively per share after adjusting for the issue of the New Shares. The Board is of the view that that the Placement Transaction is in the interests of the Company and its subsidiaries ("Group") and it intends to use the net proceeds from the Placement Transaction for investments in overseas expansion, particularly in the People's Republic of China and for general working capital purposes. Ms Yeow Cheng Khim is the wife of Chin Kon Yuen, the Executive Chairman and Chief Executive Officer and a substantial shareholder of the Company. Collectively Yeow Cheng Khim and Chin Kon Yuen hold 67.51 per cent and 61.69 per cent of the issued and paid-up share capital of the Company before and after the issue of the New Shares, respectively. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Placement Transactions. By order of the Board Yeow Cheng Khim Director 21 May 2002 Submitted by Yeow Cheng Khim, Director on 21/05/2002 to the SGX |
| (Post 37 of 56) 05/22/2002.14:05:12 |
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Take profit soon, good luck to rest of you. |
| (Post 38 of 56) 05/22/2002.15:25:51 |
| Author : |
take profit, seem cannot move up any further. |
| (Post 39 of 56) 05/22/2002.17:47:10 |
| Author : |
TMC INT'L HOLDINGS LTD
ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING BOOK CLOSURE DATES AND TAX RATE Results of Annual General Meeting and Extraordinary General Meeting The Board of Directors of TMC Int'l Holdings Limited ("the Company") is pleased to announce that at the Annual General Meeting of the Company held on 22 May 2002, all resolutions relating to the matters set out in the Notice were duly passed. Mr Chow Kok Kee retired as a Director of the Company at the Annual General Meeting and did not seek re-election as a director of the Company. The Board of Directors would like to express its appreciation to Mr Chow Kok Kee for his invaluable contributions to the Company. The Board of Directors of the Company is also pleased to announce that at the Extraordinary General Meeting held on 22 May 2002, the Shareholders approved the ordinary resolution as set out in the Notice of EGM in relation to the proposed purchase of property at Peninsula Plaza. Dates of Closure of Books NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed from 13 June 2002 to 14 June 2002 (both dates inclusive) for the preparation of dividend warrants. Duly completed registrable transfers received by the Company's Share Registrar, Lim Associates (Pte) Ltd, 10 Collyer Quay #19-08, Ocean Building, Singapore 049315 up to 5.00 p.m. on 12 June 2002 will be registered to determine shareholders' entitlements to the said dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 12 June 2002 will be entitled to the proposed dividend. The dividend will be paid on 28 June 2002. Tax Rate The Board of Directors wishes to confirm that the corporate tax rate relating to the Final Dividend as announced on 21 March 2002 is 22% as per the Budget 2002 announcement made on 3 May 2002. Submitted by Loh Shu Chun, Company Secretary on 22/05/2002 to the SGX |
| (Post 40 of 56) 05/22/2002.17:47:48 |
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TMC INT'L HOLDINGS LTD
RESIGNATION OF DIRECTOR/ CHANGES TO THE BOARD COMMITTEES The Board of Directors of TMC Int'l Holdings Ltd ("the Company") announces that Ms Susan Kong Yim Pui resigned as a Director of the Company with effect from 22 May 2002. The Board of Directors would like to express its appreciation to Ms Susan Kong Yim Pui for her invaluable contributions to the Company. Following the retirement of Mr Chow Kok Kee as a Director of the Company at the Annual General Meeting and the resignation of Ms Susan Kong Yim Pui as a Director, the Board of Directors of the Company would like to announce the following changes to its Audit Committee, Remuneration Committee and Nomination Committee with effect from 22 May 2002: Ms Yeow Cheng Khim, an Executive Director of the Company, resigned as a member of the Audit Committee, in line with the Code of Corporate Governance. Mr David Tan Chao Hsiung was appointed Chairman of the Audit Committee and Remuneration Committee and as a member of the Nomination Committee. Mr Woo Lee Yong was appointed Chairman of the Nomination Committee and as a member of the Audit Committee and Remuneration Committee. Mr Teo Boon Seng was appointed a member of the Remuneration Committee and Nomination Committee. With the aforesaid changes, the composition of the Audit Committee, Remuneration Committee and Nomination Committee is as follows: AUDIT COMMITTEE Mr David Tan Chao Hsiung (Chairman) Mr Woo Lee Yong Mr Teo Boon Seng REMUNERATION COMMITTEE Mr David Tan Chao Hsiung (Chairman) Mr Woo Lee Yong Mr Teo Boon Seng Ms Yeow Cheng Khim NOMINATION COMMITTEE Mr Woo Lee Yong (Chairman) Mr David Tan Chao Hsiung Mr Teo Boon Seng Dr Chin Kon Yuen Messrs David Tan Chao Hsiung, Woo Lee Yong and Teo Boon Seng are considered independent directors pursuant to Clause 902 (4) (a) of the Listing Manual of Singapore Exchange Securities Trading Limited. BY ORDER OF THE BOARD TMC INT'L HOLDINGS LTD Submitted by Loh Shu Chun, Company Secretary on 22/05/2002 to the SGX |
| (Post 41 of 56) 06/06/2002.09:09:40 |
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TMC INT'L HOLDINGS LTD
PLACEMENT OF 10, 000, 000 NEW ORDINARY SHARES OF S$0.05 EACH IN THE SHARE CAPITAL OF TMC INT'L HOLDINGS LTD Further to the announcement made by the Board of Directors on 21 May 2002 regarding the proposed placement of 10,000,000 new ordinary shares of S$0.05 each in the Company (the "New Shares") at the price of S$0.2202 per New Share, the Board of Directors wishes to announce that the Company had on 4 June 2002 received the in-principal approval from the Singapore Exchange Securities Trading Limited (the "SGX-ST") for the listing of and quotation for the New Shares subject to the following conditions:- (a) confirmation from the Company that it will make periodic announcements on the utilisation of the proceeds as and when the funds from the placement are disbursed and to provide status reports on the use of the placement proceeds in its annual reports; and (b) confirmation from the Company's auditors that the issue is not priced at more than 10% discount to the weighted average price for trades done on the Exchange on the date the placement agreement was signed. The New Shares when issued and fully paid, will rank pari passu in all respects with the existing ordinary shares of the Company. The in-principle approval granted by the SGX-ST for the listing of and quotation for the New Shares is not an indication of the merits of the proposed placement. By Order of the Board Submitted by Yeow Cheng Khim, Director on 05/06/2002 to the SGX |
| (Post 42 of 56) 06/24/2002.16:36:34 |
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TMC INT'L HOLDINGS LTD
Joint Venture Agreement The Board of Directors of TMC Int'l Holdings Ltd ("TMC") is pleased to announce the signing of a joint venture agreement between its wholly owned subsidiary, TMC (Western China) Pte Ltd ("TMC Western China") and Xi'an Lighten Technology (Group) Co. Ltd ("Xi'an Lighten") to establish a joint venture company, TMC-LI Education Development Co. Ltd. (the "JVC") in Xian city, Shaanxi Province, People's Republic of China ("PRC"). The JVC shall have an authorized capital of Renminbi 2,000,000. TMC Western China shall have a 60% interest in the JVC while Xi'an Lighten shall have the remainder 40% and pursuant thereto TMC Western China is required to invest Renminbi 1,200,000 in the JVC. The objective of the JVC is to carry on business as provider of educational services and vendors of educational products in PRC. The above investment will be funded through internal resources. This transaction is not expected to have any material impact on the earnings or net tangible assets of the Company and of the Group for the current financial year. None of the directors or substantial shareholders of the Company has any interest, direct or indirect, in the transaction. Submitted by Yeow Cheng Khim, Director on 24/06/2002 to the SGX |
| (Post 43 of 56) 06/24/2002.16:36:51 |
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TMC INT'L HOLDINGS LTD
Collaboration Agreements The Board of Directors of TMC Int'l Holdings Ltd ("TMC") is pleased to announce the signing of the Collaboration Agreements between its wholly owned subsidiary, TMC (Western China) Pte Ltd and the following education institutions in Xian city of The People's Republic Of China ("PRC"): a) Lighten-Infobuz International College (formerly Xian CAiT-Infobuz International College); b) Northwest International Secondary School Under the agreements, TMC will provide technical assistance and training of teachers to the above-mentioned parties for providing courses under the International GCE 'O' Level Examinations of The University of Cambridge Local Examinations Syndicate. The above arrangement is part of TMC's plan to grow and develop its education business in PRC. Submitted by Yeow Cheng Khim, Director on 24/06/2002 to the SGX |
| (Post 44 of 56) 06/27/2002.17:43:39 |
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TMC INT'L HOLDINGS LTD
PRESS RELEASE - THE SIGNING OF MEMORANDUM OF UNDERSTANDING BEWTEEN TMC (EASTERN CHINA) PTE LTD AND CHIWAY EDUCATION MANAGEMENT CO. LTD. The signing of a Memorandum of Understanding between TMC (Eastern China) Pte Ltd, a wholly owned subsidiary of TMC Int'l Holdings Ltd (collectively referred to as "TMC") and Shanghai Chiway Education Management Co. Ltd. ("Chiway"). 01. BACKGROUND 1.1 The MOU is about Chiway and TMC forming a joint venture management company ("Maco") in Shanghai to carry on business as providers of educational services and vendors of educational products in specific territories within The People's Republic of China. The Maco shall promote TMC's proprietary courses in diploma and higher diploma; University Of Cambridge Local Examinations Syndicate's GCE 'O' Level Examination and courses for the examination; academic and skilled programmes for all levels in collaboration with TMC and its overseas education institutions; corporate training; and other related services for the delivery of education programmes. 1.2 Chiway's main strength lies in its management having direct and vast experience in education and in schools/colleges operation in PRC. TMC believes that this would provide the necessary factor for the joint venture to operate successfully in the PRC commercial education market. 02. PROFILE OF TMC 2.1 TMC Int'l Holdings Ltd is a company incorporated in Singapore whose shares are listed and quoted for trading on the Singapore Exchange Securities Trading Limited. Founded in 1981, the group is a niche provider of quality education in collaboration with premier educational institutions around the world, as well as provider of expertise in setting up and administering schools through franchises. 2.2 Apart from up-to-date facilities, TMC has developed its e-learning system using its in-house expertise. With this, TMC is now ready to move into the e-campus environment and this will help to push it to the forefront of the international training and educational market. Capitalizing on its e-learning capability, TMC has also developed CD-ROMs to provide additional learning tools for its overseas students who can use it both to improve their English as well as to provide tutorial support. 2.3 TMC has a pool of more than 140 highly experienced and qualified staff with more than one third being full time lecturers. The lecturers are all registered and approved by the Singapore Ministry of Education and more than 50% of them hold Masters or PhD qualifications. Further, more than 80% of the teaching staff have at least 5 years relevant industry and/or teaching experience. TMC also provides teachers' training to ensure that the lecturers are adequately trained and qualified to teach. 2.4 TMC provides education by offering partner university courses at all levels and its proprietary courses in Computing, Business, Marketing, Accounting, Mass Communication, Property and Tourism at diploma and higher diploma levels. It also provides corporate training and professional courses in IT and Business English. 2.5 TMC's proprietary diploma and higher diploma courses are validated and jointly awarded by the University of Cambridge Local Examinations Syndicate ("UCLES") under the badge of Royal Society of Arts ("RSA"), an examination board owned by UCLES. Graduates of TMC diploma and higher diploma would be able to pursue degree courses offered by universities in Australia, UK, USA with up to 2 years of advanced standing. 03. PROFILE OF CHIWAY 3.1 COMPANY PROFILE 3.1.1 Chiway is a privately funded educational group in PRC. It operates schools and colleges in the provinces of JiangSu, ZheJiang, AuHui and Shanghai City. The Group manages a college, 4 full boarding schools from kindergarten to high school and one language training institute with about 10,000 students. 3.1.2 Under the group are the following establishments: Chiway Education International Co. Ltd. (Shanghai) The company provides overseas education consultation, organize overseas study tours, investment in overseas education projects and develop education projects in collaboration with overseas partners. Wuxi South Ocean College Established in 1998, the college has about 1,900 students studying high schools programmes. The college collaborates with an Australia university, providing a progression education path to the students of the college for obtaining a bachelor's degree. The college has achieved an employment rate of more than 95% of its graduate students. Chiway International School, Wuxi Established in 1995, the senior middle school (equivalent to high school) is the first to obtain ISO9002 certification in the PRC. The school's students have obtained an average of 68% pass rate in the University National Entrance Examinations. Chiway International School, Shaoxing Chiway International School, Hefei Established between 1999 to 2000, these junior middle schools (equivalent to lower secondary) are built to accommodate 2,200 students each with state of the art facilities like broadband internet communication and TV broadcasting systems. Suzhou Foreign Language School The language school was established in 1994 and has its new school premises in 2001. Over the 7 years of operation, the school has achieved a high reputation in Jiangsu province. In 2001, all students in Grade 3 of junior middle school have passed the National Public English Exam Grade 2. Submitted by Yeow Cheng Khim, Director on 27/06/2002 to the SGX |
| (Post 45 of 56) 07/01/2002.17:12:49 |
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TMC INT'L HOLDINGS LTD
CHANGE OF COMPANY SECRETARY AND REGISTERED OFFICE The Board of Directors of TMC Int'l Holdings Ltd ("the Company") announce the following changes to the Company with effect from 1 July 2002: 1. The resignations of Ms Yvonne Choo and Ms Loh Shu Chun as Company Secretaries of the Company. 2. The appointment of Mr Tan Soo Khoon Raymond as Company Secretary of the Company. 3. The change of Registered Office of the Company to 111 North Bridge Road #17-06, Peninsula Plaza, Singapore 179098. Submitted by Yeow Cheng Khim, Director on 01/07/2002 to the SGX |
| (Post 46 of 56) 07/02/2002.17:20:55 |
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TMC INT'L HOLDINGS LTD
PRESS RELEASE - THE SIGNING OF MEMORANDUM OF UNDERSTANDING BEWTEEN TMC FRANCHISE INT'L PTE LTD AND CHINA DALIAN INTERNATIONAL COOPERATION (GROUP) HOLDINGS LTD The signing of a Memorandum Of Understanding between TMC Franchise Int'l Pte Ltd, a wholly owned subsidiary company of TMC Int'l Holdings Ltd (collectively referred to as "TMC") and China Dalian International Cooperation (Group) Holdings Ltd ("CDIC"). 01. BACKGROUND 1.1 The MOU relates to CDIC wishing to enter into a Franchise Agreement with TMC to offer TMC's proprietary courses in specific territories of the PRC ("the Franchise"). 1.2 The duration of the Franchise is 10 years and renewable. 1.3 Following the execution of the Franchise Agreement, both CDIC and TMC propose to enter into negotiations to form a joint venture management company to provide management services and support to TMC's franchise partners in the provinces of Liaoning, Jiling, Heilongjiang and Qingdao. 02. PROFILE OF TMC 2.1 TMC is a company incorporated in Singapore whose shares are listed and quoted for trading on the Singapore Exchange Securities Trading Limited. Founded in 1981, TMC is a niche provider of quality education in collaboration with premier educational institutions around the world, as well as a provider of expertise in setting up and administering schools through franchises. 2.2 Apart from up-to-date facilities, TMC has developed its e-learning system using its in-house expertise. With this, TMC is now ready to move into the e-campus environment and this will help to push it to the forefront of the international training and education market. Capitalizing on its e-learning capability, TMC has also developed CD-ROMs to provide additional learning tools for its overseas students who can use it both to improve their English as well as to provide tutorial support. 2.3 TMC has a pool of more than 140 highly experienced and qualified staff with more than one third being full times lecturers. The lecturers are all registered and approved by the Singapore Ministry of Education and more than 50% of them hold Masters or PhD qualifications. Further, more than 80% of the teaching staff have at least 5 years relevant industry and/or teaching experience. TMC also provides teachers' training to ensure that the lecturers are adequately trained and qualified to teach. 2.4 TMC provides education by offering partner university courses at all levels and its proprietary courses in Computing, Business, Marketing, Accounting, Mass Communication, Property and Tourism at diploma and higher diploma levels. It also provides corporate training and professional courses in IT and Business English. 2.5 TMC's proprietary diploma and higher diploma courses are validated and jointly awarded by the University of Cambridge Local Examinations Syndicate ("UCLES") under the badge of Royal Society of Arts ("RSA"), an examination board owned by UCLES. Graduates of TMC diploma and higher diploma courses would be able to pursue degree courses offered by universities in Australia, UK, USA with up to 2 years advance standing. 03. PROFILE OF CDIC 3.1 COMPANY PROFILE 3.1.1 CHINA DALIAN INTERNATIONAL COOPERATION (GROUP) HOLDINGS LTD ("CDIC") is a company having the status of legal person and established with the approval of The State Council of The People's Republic Of China. 3.1.2 CDIC is a conglomerate with principal activities in: · international and domestic construction projects contracting · recruitment, training and development of labour, technicians and professionals · import and export and trading · ocean transportation and fishery · real estate development · economic development aids projects contracting 3.1.3 One of the main strengths of CDIC lies in its International Human Resource Service Cooperation arm. Since the establishment of the group, it has engaged in international labour service cooperation with the setting up of more than 10 human resource training bases where vocational training is provided based on the regulations of the Ministry of Foreign Economic Relations & Trade of the PRC. It has also established a system of jobs placement and advisory. The International Human Resource Service division has trained and supplied a broad spectrum of professionals and technicians ranging from computer software designers, mechanical engineers, garment industry workers, timber processors, aquatic processors, electricians, restaurants workers, nurses and teachers to the respective industries in countries outside China, including Japan, South Korea, CIS, Singapore, Israel, Gabon, Niger and Hong Kong. The division also engages in student recruitment for overseas educational institutions. TMC believes that this would provide the necessary factor for the proposed joint venture to operate successfully in the PRC commercial education market. Submitted by Yeow Chng Khim, Director on 02/07/2002 to the SGX |
| (Post 47 of 56) 08/19/2002.09:43:49 |
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TMC INT'L HOLDINGS LTD
Announcement Of Appointment Of Dr S Vasoo as Special Adviser Date of appointment: 01 Aug 2002 Name: Dr S Vasoo Age: 61 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Non-executive Working experience and occupation(s) during the past 10 years: Lecturer, Department of Social Work and Psychology, 1979-85 Head & Associate Professor, Department of Social Work and Psychology, 1986-1999 Associate Professor, Department of Social Work and Psychology, 2000-2001 Associate Professorial Fellow, 2002 to date Former Member of Parliament, 1984-2001 Advisor, Central Singapore CDC, 2002 to date Other directorships Past: None Present: PCF Foundation Shareholding in the listed issuer and its subsidiaries: None Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( As required per Appendix 2.4) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive officer of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? No 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? No 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company, or partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Yeow Cheng Khim, Director on 16/08/2002 to the SGX |
| (Post 48 of 56) 08/19/2002.09:44:15 |
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TMC INT'L HOLDINGS LTD
Appointment of Dr S Vasoo as Special Adviser COMPANY ANNOUNCEMENT TMC INT'L HOLDINGS LIMITED ("TMC" or "the Company") (incorporated in the Republic of Singapore) APPOINTMENT OF DR S. VASOO AS SPECIAL ADVISER The Company wishes to announce the appointment of Dr S. Vasoo as the Special Adviser to TMC with effect from 1 August 2002. It is the intention of TMC to consult Dr Vasoo who with his wide academic experience will be able to provide guidance on various issues concerning the future academic growth and development of our Group. Dr Vasoo's appointment is renewable on an annual basis. Dated the 16th day of August 2002 Submitted by Raymond Tan, Secretary on 16/08/2002 to the SGX |
| (Post 49 of 56) 08/19/2002.17:50:44 |
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Dr Vasoo?
Is he the same Head of Psychology at the NUS and also an active politician as an MP for Tanjong Pagar GRC. Many years back, I think he had a court case with CheeSoonJuan for Chee's sacking over misuse of uni funds and also Chee's defamatory remarks (cant remember details) but dunno what is the outcome. Question again, this is the same Dr Vasoo? Anyone knows? |
| (Post 50 of 56) 04/16/2004.15:59:35 |
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How come TMC not benefited?   |
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