Proposed Acquisition of Pernas International Building by Kenanga Management & Services Sdn Bhd from Pernas International Holdings Berhad (Proposed Acquisition)
K & N KENANGA HOLDINGS BERHAD |
Contents :
Further to our announcements on the 16 November and 7 December 1998 on the Proposed Acquisition, we wish to inform the Exchange that we have received a letter dated 11 June 1999 from the Foreign Investment Committee (FIC) that approval has not been given for the proposed sale of Pernas International Building to our wholly owned subsidiary, Kenanga Management & Services Sdn Bhd. No reasons were given by the FIC. The Company is now taking steps to appeal against the FIC decision.
Query Letter Contents :
Announcement Info
Company Name | K & N KENANGA HOLDINGS BERHAD |
Stock Name | KENANGA |
Date Announced | 24 Jun 1999 |
Category | General Announcement |
Reference No | K&-990624-63528 |