Events 2005 - ChartNexus

Directors’ Report
OTHER STATUTORY INFORMATION REGARDING THE GROUP AND THE COMPANY: (Continued)
(II) FROM THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS REPORT (Continued)
(d) In the opinion of the Directors: (Continued)
(ii) no contingent or other liability has become enforceable, or is likely to become enforceable, within the period of twelve
months after the end of the financial year which will or may affect the ability of the Group and of the Company to
meet their obligations as and when they fall due.
(III) AS AT THE DATE OF THIS REPORT
(e) There are no charges on the assets of the Group and of the Company which have arisen since the end of the financial year
to secure the liabilities of any other person.
(f) There are no contingent liabilities which have arisen since the end of the financial year.
(g) The Directors are not aware of any circumstances not otherwise dealt with in the report or financial statements which would
render any amount stated in the financial statements of the Group and of the Company misleading.
SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
On 28 February 2005 and 29 August 2005, the Company issued RM150 million and RM100 million Medium Term Notes respectively. The
notes, rated AA2 by Rating Agency Malaysia Berhad and with a maturity of 5 years, were issued out of the RM350 million Commercial
Papers/Medium Term Notes Issuance Programme.
On 2 September 2005, Star Rediffusion Sdn. Bhd. was incorporated as a wholly-owned subsidiary of the Company with an issued and
paid up capital of RM2.
On 21 September 2005, the Company has entered into a conditional sale and purchase agreement to acquire 70% equity interest in
Rimakmur Sdn. Bhd. representing a total of 22,400 ordinary shares of RM1.00 each for a cash consideration of RM7,178,639. The
acquisition was completed on 9 November 2005.
On 15 December 2005, the Company had fully redeemed its RM250 million nominal amount of redeemable unsecured bonds 2000/2005
constituted by a Trust Deed dated 15 November 2000.
EVENTS SUBSEQUENT TO BALANCE SHEET DATE
On 23 February 2006, the Company made an announcement to the Bursa Malaysia Securities Berhad on the followings:
(a) proposed bonus issue of 369,281,801 new ordinary shares of RM1.00 each in the Company on the basis of one (1) bonus share
for every one (1) existing ordinary share of RM1.00 each in the Company held at a date to be determined ("Proposed Bonus Issue").
The Proposed Bonus Issue shall be effected via the capitalisation firstly from the Company’s share premium account and the
balance from the Company’s retained profit account.
The Bonus Shares shall, upon allotment and issue, rank pari passu in all respect with the existing shares in issue.
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STAR PUBLICATIONS
(MALAYSIA) BERHAD