General Announcement
Reference No CC-060801-58588

Company Name
:
SUMATEC RESOURCES BERHAD  
Stock Name
:
SUMATEC  
Date Announced
:
01/08/2006  


Type:Announcement
Subject:
SUMATEC RESOURCES BERHAD ("SRB OR "THE COMPANY")

(I) PROPOSED ARRANGEMENT BY CALINEX SDN. BHD.; AND

(II) PROPOSED SUBSCRIPTION OF NEW SHARES IN SUMATEC DEVELOPMENT SDN. BHD. (FORMERLY KNOWN AS SUMATEC (SARAWAK) SDN. BHD.) AND SUMATEC TRACKWORKS SDN. BHD.

PURSUANT TO THE RESTRUCTURING EXERCISE OF SETEGAP BERHAD ("SB")

(COLLECTIVELY KNOWN AS "PROPOSALS")

Contents :

Further to the announcements dated 28 March 2006 and 6 April 2006 in relation to the Proposals, the Board of Directors of SRB wishes to announce that the Securities Commission ("SC") had vide its letter dated 27 July 2006 informed SB that the application in relation to the Proposals has been rejected as the SC is of the view that the Proposals do not comply to Paragraph 12.05, 12.07 and 13.02 of the SC's Policies and Guidelines on Issue/Offer of Securities.

The Board of Directors of SRB will deliberate on the next course of action to be taken and an announcement will be made in due course.

This announcement is dated 1 August 2006



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