SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM) PRINTED: 20/03/03 PAGE: 1
DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - A
(ACTUAL TRANSACTIONS)
STOCK NAME : abc Multiactive (08131)
Director/Chief Executive Class Company Name Tran. Date Present Bal. Previous Bal. A/D Consideration Note
------------------------------------ --------------------- ------------------------------- ---------- --------------- --------------- --- ------------- -----------
HUI KAU MO ORD abc MULTIACTIVE SOFTWARE INC / / 86,667,096 86,667,096 0.000
COMMON SH MULTIACTIVE SOFTWARE INC 11/12/02 0 41,019,625 D 0.000 N5
COMMON SH MAXIMIZER SOFTWARE INC 11/12/02 41,131,625 0 A 0.000 N5
***** END OF REPORT *****
NOTES
N1 Pursuant to an conditional agreement dated 5 March 2003 ("Agreement")
entered into by Qantex Limited ("Qantex"), Cyber Network Technology
Limited ("Cyber Network") and Skynet (International Group)
Holdings Limited, Qantex has agreed to sell, and Cyber Network has
agreed to purchase, 22,868,656 shares of HK$0.01 each ("Sale Shares")
in the capital of Cyber On-Air Group Company limited on terms and
conditions as set out in the Agreement. The consideration for
the sale and purchase of the Sale Shares shall be HK$1,676,272,
which shall be paid by Cyber Network to Qantex in cash at completion.
Completion of the sale and purchase of the Sale Shares is subject
to the fulfillment or waiver of certain conditions as stipulated in
the Agreement by 30 June 2003 (or such later date as the parties to
the Agreement may agree in writing). As at the date hereof,
completion of the sale and purchase of the Sale Shares has not taken
place.
N2 The Company is formerly known as Companion Building Material
International Holdings Limited.
N3 Pursuant to a conditional agreement dated 7 March 2003 ("Agreement")
made between Sun Media Group Holdings Limited )("Sun Media") and M
Channel Corporation Limited ("M Channel"), Sun Media agrees to
sell and M Channel agrees to purchase the entire issued share
capital of Sun Education Television Network Limited at a total
consideration of HK$40,000,000 to be satisfied as to HK$14,000,000
by the issue of 560,000,000 new shares in the capital of M
Channel and as to HK$26,000,000 by the issue of a convertible note
which entitles the holder thereof to convert the outstanding
amount into new shares of M Channel at any time within 5 years
from the date of issue at an initial conversion price of HK$0.025
per share. Completion will take place on or before the 3rd
business days after the date on which the conditions set out in
the Agreement are fulfilled or waived and the long stop date for
such fulfilment or waiver is 30 June 2003 or such later date as
may be agreed by the parties to the Agreement. Please also refer
to the Company's announcement previously made on 14 February, 2003.
N4 Please refer to the Company's announcement of 25 February, 2003.
N5 On 11th December 2002, Multiactive Software Inc. ("Multiactive")
completed a plan of arrangement (the "Arrangement") with its
shareholders and Maximizer, Multiactive's wholly owned subsidiary.
Under the Arrangement, shareholders of Multiactive exchanged each
of their common shares of Multiactive for common shares of
Maximizer on a one-for-one basis. Holders of options to purchase
common shares in Multiactive also exchanged their options for
options in Maximizer on a one-for-one-basis on the same terms and
conditions as the Multiactive options. On 15th December 2002,
Maximizer acquired all of the assets and liabilities of Multiactive.
The shares of Maximizer commenced trading on the Toronto Stock
Exchange in place of the shares of Multiactive on the opening
for trading on 16 December 2002.
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