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Yes He Did...

Tuesday, December 5, 2006
Subject: Proposed Change of Company's Name and Proposed amendments to the M&A
Stock Code: 7036
Proposed Change of Company's Name and
Proposed amendments to the M&A

Submitted by / Contact Person:


Proposed Change of Company's Name and
Proposed amendments to the Memorandum
andArticles of Association of the
CompanyProposed Change of Company's
NameThe Board of Directors of Sugar
Bun Corporation Berhad is pleased to
announce that the Company proposes to
change the name of the Company to
Borneo Oil Berhad ("Proposed Change of
Name").The rationale of the Proposed
Change of Name is to have a new
corporate identity for its existing
and future undertakings in view that
the Company is proposing internal
restructuring to strengthen its
business , financial position and
operations.The name " Borneo Oil
Berhad" has been approved by the
Companies Commission of Malaysia and
the name change will be subject to the
approval of the shareholders of the
Company at an Extraordinary General
Meeting (EGM) to be convened at a
later date.The Proposed Change of Name
will be effective from the date of
issuance of the Certificate of
Incorporation on Change of Name by the
Companies Commission of Malaysia.A
Circular to Shareholders in relation
to the Proposed Change of Name
together with the Notice of EGM will
be dispatched to the shareholders of
the Company indue course. Proposed
Amendments to the Memorandum of
Association of the CompanyThe Board
also recommended that the Memorandum
of Association of the Company
beamended by way of addendum to the
main objects clause by inserting into
clause (1) the following :1(a) To
carry on the business of oil , gas and
energy related industries in whatever
form or nature including
trading ,research , mining , both
domestically and internationally.1(b)
To carry on the business of
manufacturing and dealership of oil ,
gas , energy and other related
petroleum products ,marketing and of
other mineral products and in
particular deal with exportation,
importation , distribution ,
suppliers , services to oil figs ,
locations , supplier and marketing
generally of petroleum and mineral
products of any kind of description
which the company considers expedient.1
© To undertake the work of
searching , inspection , examination
and exploration of mineral oil and
petroleum and for that purpose to take
on lease , purchase or otherwise
acquire land and places which may seem
to the company capable of affording
supply of mineral oil , and to
establish and being apply the pumping
stations , pipe lines and other works
and conveniences suitable forthe
purpose extraction of fuel oil , gas ,
energy and lubricants of any kind
nature and description including the
petroleum and other mineral products.1
(d) To acquire license as a dealer or
dealers or manufacturer for all
classes of petroleum products.1(e) To
establish companies and associations
for the prosecution , execution
ofundertakings , works , projects , or
enterprises of any description ,
whether of a private or public
character and to acquire , underwrite
and dispose of shares and interests in
such companies or association , or in
any other companyor associations , or
undertaking thereof. The Proposed
Amendments to the Memorandum and
Articles of Association of the Company
are subject to the approval of
shareholders of the Company.