General Announcement

18/11/1999

SUBSCRIPTION OF 462,500 NEW ORDINARY SHARES OF RM1.00 EACH IN KEMAMAN TECHNOLOGY & INDUSTRIAL PARK SDN BHD ("KTIP") AT PAR ("SUBSCRIPTION") AND ACQUISITION OF 350,000 ORDINARY SHARES OF RM1.00 EACH IN KTIP AT RM3.50 PER SHARE ("ACQUISITION")

AHMAD ZAKI RESOURCES BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDSB/309 (69)
SubjectSUBSCRIPTION OF 462,500 NEW ORDINARY SHARES OF RM1.00 EACH IN KEMAMAN TECHNOLOGY & INDUSTRIAL PARK SDN BHD ("KTIP") AT PAR ("SUBSCRIPTION") AND ACQUISITION OF 350,000 ORDINARY SHARES OF RM1.00 EACH IN KTIP AT RM3.50 PER SHARE ("ACQUISITION")

Contents :

Further to the announcement made on 17 November 1999 pertaining to the above, we wish to make further clarification. The items numbered as in the said original announcement are amended as follows:-


(4) The Subscription and Acquisition will not have any effect on the NTA per share of AZRB Group as the Subscription and Acquisition was satisfied wholly by cash.

(6) The Subscription, which was completed on 22nd June 1999, and Acquisition, which was executed by way of Form 32A dated 4th August 1999, were approved by the Board of Directors of AZSB on 14th June 1999.

(9) The Board of Directors of AZRB, after careful deliberations on the Acquisition is of the opinion that the Acquisition is in the best interest of the Company.

The other statements in the original announcement remain unchanged.


Announcement Info

Company NameAHMAD ZAKI RESOURCES BERHAD  
Stock Name AZRB
Date Announced18 Nov 1999  
CategoryGeneral Announcement
Reference NoCC-991118-37375

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