No. | Location | Description of
Sale Properties | Land area
(sq. ft.) | Approximate gross floor area (sq. ft.) | Approximate age of the buildings
(years) |
1. | No. 93, Jalan Leong Sin Nam, 30300 Ipoh, Perak, Malaysia. | Land and
4-Storey Shop Office | 1,963 | 6,376 | 31 |
2. | No. A1-1307, Level 13, Block A1, Kempas Apartments, Genting View Resort, 69000 Genting Highlands, Pahang Darul Makmur, Malaysia. | Condominium | 829 | 829 | 19 |
3. | No. 12, Jalan Dr. Krishnan, 70000 Seremban, Negeri Sembilan Darul Khusus, Malaysia. | Land and
4 1/2-Storey Shop Office | 1,020 | 4,950 | 24 |
4. | No. 3, Lorong 1, Medan Sri Intan, Jalan Sekolah, 36000 Teluk Intan, Perak, Malaysia. | Land and
3-Storey Shop Office | 1,195 | 3,386 | 17 to 18 |
5. | No. 24, Jalan Ibrahim, 85000 Segamat, Johor Darul Takzim, Malaysia. | Land and
2-Storey Shop Office | 1,595 | 2,940 | 56 |
6. | No. 16, Lorong Gudang Nanas 2, 41400 Klang, Selangor Darul Ehsan, Malaysia. | Land and
4 1/2-Storey Shop Office | 1,588 | 7,811 | 24 |
7. | No. 8, Jalan Puteri, 83000 Batu Pahat, Johor Darul Takzim, Malaysia. | Land and
2-Storey Shop Office | 1,440 | 2,880 | 38 to 39 |
8. | No. 1025, Jalan Berjaya 3, Seberang Jalan Putra, 05150 Alor Setar, Kedah Darul Aman, Malaysia. | Land and
3-Storey Shop Office | 1,399 | 4,198 | 17 to 19 |
9. | No. 240, Jalan Mersing, Taman Kurnia, 86000 Kluang, Johor Darul Takzim, Malaysia. | Land and
3-Storey Shop Office | 1,540 | 4,074 | 31 |
10. | No. 45-67, Jalan Salleh, 84000 Muar, Johor Darul Takzim, Malaysia. | Land and
3-Storey Shop Office | 1,797 | 5,379 | 15 |
11. | No. 152, Jalan Petaling, 50000 Kuala Lumpur, Malaysia. | Land and
2-Storey Shop Office | 2,372 | 4,760 | 70 |
12. | No. 12, Taman Anson, Jalan Raja Omar, 32000 Sitiawan, Perak, Malaysia. | Land and
2-Storey Shop Office | 1,904 | 3,808 | 32 |
13. | No. 6, Jalan Mawar 2, Taman Pekan Baru, 08000 Sungai Petani, Kedah Darul Aman, Malaysia. | Land and
4-Storey Shop Office | 1,500 | 5,988 | 17 |
An independent property valuer, Colliers, Jordan Lee & Jaafar Sdn Bhd has applied the Comparison Method of Valuation to determine the market value of the Sale Properties.
The Sale Properties are located predominantly in market centres or major towns. The acquisition of the Sale Properties is expected to enhance the business operations of the Purchaser where certainty of being able to continue to operate at prominent areas in major towns is a must for effective distribution of its services and products.
As the Sale Properties are purchased for own use and not for investment purpose, the Purchaser should not be effected by any downturn in the property market in Malaysia. Furthermore, the Group including the Purchaser may benefit from any possible future capital appreciation in the value of the Sale Properties in the long term.
This announcement is dated 4 February 2009.