General Announcement

24/11/2001

IDEAL QUALITY SDN BHD'S PROPOSED ACQUISITION OF QUAMED INC

KOSSAN RUBBER INDUSTRIES BERHAD

TypeAnnouncement
SubjectIDEAL QUALITY SDN BHD'S PROPOSED ACQUISITION OF QUAMED INC

Contents :

Further to our announcement on 22nd June 2001 on the above matter, Kossan Rubber Industries Bhd ("KRI") wished to inform the Exchange that the Board at its meeting on 23rd November 2001 has unanimously agreed to abort the plan to distribute and retail the Group's products directly to distributors and end users in the United States of America in a change of the Group's marketing strategy. Marketing and promotion of the Group's products will continue to be directed from the home base in Malaysia.


Accordingly, the proposal to acquire Quamed Inc as announced on 22nd June 2001 is aborted. There is no material impact arising out of the proposal being aborted.

This announcement is dated 23rd November 2001.


Announcement Info

Company NameKOSSAN RUBBER INDUSTRIES BERHAD  
Stock Name KOSSAN
Date Announced24 Nov 2001  
CategoryGeneral Announcement
Reference NoKR-011123-49594

Related Announcements for KOSSAN
Date Title
17/04/2015 OTHERS Kossan Rubber Industries Bhd. Incorporation of New Subsidiary
19/03/2015 OTHERS HIRE PURCHASE FACILITY
17/03/2015 OTHERS MEMORANDUM OF UNDERSTANDING BETWEEN KOSSAN AND INSTITUTE OF RAIL TRANSIT OF TONGJI UNIVERSITY, CHINA
25/02/2015 OTHERS CORPORATE GUARANTEE OF RM60.0 MILLION FOR TERM LOAN FACILITY
25/02/2015 OTHERS Kossan Rubber Industries Bhd ("Kossan" or the "Company") Proposed Renewal of Share Buy-Back Authority
25/02/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS Kossan Rubber Industries Bhd ("Kossan" or the "Company") Proposed Renewal of Mandate for Recurrent Related Party Transactions
18/12/2014 OTHERS CHANGE OF NAME OF SUBSIDIARY
17/12/2014 OTHERS KOSSAN RUBBER INDUSTRIES BHD. (48166-W) PROPOSED ACQUISITION BY IDEAL QUALITY SDN. BHD. (404964-P), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PIECE OF VACANT FREEHOLD INDUSTRIAL LAND MEASURING IN AREA APPROXIMATELY 5.3292 HECTARES HELD UNDER GERAN 52935 LOT 6103, MUKIM KAPAR, DAERAH KLANG, SELANGOR FROM HIMPUN MENANG SDN. BHD FOR A TOTAL CASH CONSIDERATION OF RM39,007,631.00.
16/12/2014 MEMORANDUM OF UNDERSTANDING STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU")
12/12/2014 OTHERS KOSSAN RUBBER INDUSTRIES BHD. (48166-W) PROPOSED ACQUISITION BY IDEAL QUALITY SDN. BHD. (404964-P), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PIECE OF VACANT FREEHOLD INDUSTRIAL LAND MEASURING IN AREA APPROXIMATELY 5.3292 HECTARES HELD UNDER GERAN 52935 LOT 6103, MUKIM KAPAR, DAERAH KLANG, SELANGOR FROM HIMPUN MENANG SDN. BHD FOR A TOTAL CASH CONSIDERATION OF RM39,007,631.00.