Contents :
We refer to your query pertaining to the above and wish to clarify the following statement made in the Sun, Sun Biz, page 2 on Wednesday, 13 December 2000
" The construction of the NECC will be undertaken together with its joint venture partners, Nam Fatt Berhad and Sungei Way Construction Bhd."
" Sungei Way and Ahmad Zaki will own a 40% in the consortium and Nam Fatt 20%...."
We wish to confirm that the above statements are correct. The Company's wholly owned subsidiary Ahmad Zaki Sdn Bhd has participated in the tender for the NECC project jointly with Nam Fatt Berhad and Sungei Way Construction Berhad on the basis of 40%/20%/40% partnership.
The above statement was made in response to the press's question over the statement by MAHB to the Press which appeared on The Star, Business front page on Friday, 10 November 2000 with regards to the shortlisted bidder for the said project .
" Hamzah expects group turnover for the year ending Dec 31, 2000 to be RM260 million ...."
We wish to inform the Exchange that the anticipated turnover Group was errorly stated and barring unforeseen circumstances, the Group anitcipates to achieve a turnover in the region of RM230 million based on extraplorated assumption supported by its existing jobs in hand.
We hope that our explanations above are satisfactory
Yours faithfully
For and on behalf of the Board
Query Letter Contents :
We refer to the above article appearing in The Sun, Sun Biz, page 2 on
Wednesday, 13 December 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"The construction of the NECC will be undertaken together with its joint
venture partners, Nam Fatt Bhd and Sungei Way Construction Bhd.
"Sungei Way and Ahmad Zaki will own a 40% stake in the consortium and Nam Fatt
20%..."
"Hamzah expects group turnover for the year ending Dec 31, 2000, to be RM260
million...
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentences or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentences or
any other part of the above reported article, you are required to set forth
facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
YYT/CKM
Copy to : Securities Commission (via fax)