With reference to the query letter dated 02 April 2015 from Bursa
Malaysia Securities Berhad (Bursa Securities), the Board of Directors wishes
to inform you as follows :-
Query
|
Reply
|
1.
|
The tenure of the property is 99
years (leasehold) effective from November 1990. As at 01 April 2015, the remaining tenure
is 65 years and 8 months;
|
|
|
2.
|
The
Purchase Consideration of RM626,000/- is based on Management's best estimate
and enquiries on the market value of similar parcel located in the
surrounding vicinity of the Property;
|
|
|
3.
|
The
conversion of other receivables amounting to RM546,674/- into deposit upon
acceptance of letter of offer dated 30th December 2014;
|
|
|
4.
|
No
contingent liabilities or guarantees to be assumed by listed issuer arising
from the Acquisition; and
|
|
|
5.
|
Total
value transacted with same related party [excluding this transaction] amounts
to RM540,000/- rental of office in 4 6, Jalan 28/79A, Desa Sri Hartamas,
50480 Kuala Lumpur, of which a mandate from shareholders on this rental had
been obtained.
|
This announcement is dated 03 April
2015.