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Purchase Of Properties By Wengcon Equipment Sdn Bhd

BackApr 02, 2009

Further to our announcements on 27 March 2009 and 1 April 2009, we append below the details of the vendor;

Danga Bay Sdn Bhd
Company No: 428615-D
Authorised capital is RM10,000,000/- divided into 10,000,000 ordinary shares of RM1/- each
Issued & Paid up capital is RM7,000,000/-

Registered Office: 1-2-1 Jalan 2/50 Diamond Square, off Jalan Gombak, 53000 Kuala Lumpur

The Directors are;

Dato' Lim Kang Hoo
Encik Johar Salim Bin Yahaya
Encik Kamarul Ariffin Bin Sulaiman
Madam Lim Hoe
Mr. Lim Keng Cheng

The Shareholders are;

Danga Bay Holdings Sdn Bhd (70%)
Credence Resources Sdn Bhd (30%)

 

Query Letter Content

We refer to your announcement dated 27 March 2009 in respect of the aforesaid
matter.

In this connection, kindly furnish the Exchange with the following additional
information for public release:-
(1) The salient features of the sale and purchase agreement of the Acquisition
and valuation report.

(2) The original cost of investment to Danga Bay Sdn. Bhd. ("the Vendor") and
the date of such investment.

(3) The postal address of the properties.

(4) The net book value of the properties based on the Vendor's last audited
accounts.

(5) The terms of the tenure; if leasehold, the expiry date of the lease.

(6) The date of valuation and method of valuation of the properties.

(7) The breakdown of the source of funding for the Acquisition and the details
of the Vendor.