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Disposal of Property ("Disposal")

BackJun 25, 2010
Date Announced
:
 25/06/2010  




Type
:
 Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
:
 NM-100624-43338
Subject
:
Disposal of Property ("Disposal")

Contents
:
We refer to your query letter dated 24 June 2010 and furnish herewith the following additional information for your attention:-

1. The breakdown of the utilisation of proceeds arising from the disposal between repayment of loan and working capital is as follows:-

Repayment of loan: RM4.5 million ; working capital : RM0.6 million

2. Timeframe for full utilization of proceeds:

9 months from date of Sales and Purchase Agreement subject to fulfilling the conditions precedent.

3. Particulars of all liabilities to be assumed by Teh Meng Huat and Goi Yee Choo arising from the Disposals :

None

Query Letter
content
:
We refer to your announcement dated 23 June 2010 in respect of the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The breakdown of the utilisation of proceeds arising from the Disposal between
repayment of loan and working capital.
The timeframe for full utilisation of proceeds arising from the Disposal.
Particulars of all liabilities to be assumed by Teh Meng Huat and Goi Yee Choo
arising from the Disposal, if any.

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

Yours faithfully


TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/NMA c.c:- Head, Market Surveillance Department, Market Supervision
Division, Securities Commission (via fax)

Announcement Details :