Disposal by EMP Collection Sdn Bhd (formerly known as Restoran Tsim Tung Sdn Bhd)("EMP") and Haewaytian Restaurant Sdn Bhd ("Haewaytian"), both subsidiaries of Oversea Enterprise Berhad, of three properties for a total disposal consideration of RM3,100,000 ("Proposed Disposal")

We refer to your Company’s announcement dated 17 August 2022, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1.       The name of the independent registered valuer, date and method of valuation; and quantification of the market              value for each of the property.

2.       The time and place the valuation report may be inspected.

3.       Breakdown of utilisation of proceeds arising from the Proposed Disposal between loan repayment, working 

          capital and capital expenditure for Property A and Property B respectively.

4.       Expected gain or losses arising from the Property Disposal.

5.       If Property A and Property B are tenanted by EMP and Haewaytian, to state the effect of the  disposal on the 

          operations. If let out to third parties, to quantify the respective income per month or per annum.

6.       The total amount transacted with Mr Yu Soo [email protected] Soo Chye for the past 12 months.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

LISTING

REGULATION

copy : Market Surveillance Dept. , Securities Commission (via fax)