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Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID |
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NM-120301-44559 |
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| Acquisition of all that parcel of freehold land held under GRN 49797 Lot 942, Mukim Semenyih, Daerah Ulu Langat, Negeri Selangor ("Land") for a cash consideration of RM14,210,000 ("Proposed Land Acquisition") |
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| Description |
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| Acquisition of all that parcel of freehold land held under GRN 49797 Lot 942, Mukim Semenyih, Daerah Ulu Langat, Negeri Selangor ("Land") for a cash consideration of RM14,210,000 ("Proposed Land Acquisition") |
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We refer to your announcement dated 29 February 2012 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 date of the Sale & Purchase Agreement ("SPA").
The method of valuation of the Land.
3. The net book value of the Land based on Idealpalm Ventures Sdn Bhd's latest
audited accounts.
4. The basis of arriving at the purchase consideration. If it was based on
net book value, the year the net book value was taken into consideration,
quantifying the net book value and stating whether it was based on audited
financial statements.
5. The terms of any arrangement for payment of the purchase consideration on
a deferred basis.
6. The existing use and proposed use of the Land.
7. If the Land is intended to be developed, the following additional details:
a) the details of development potential, i.e. name of the project, type
of development - residential, industrial or commercial, number of units in
respect of each type of development;
b) the total development cost;
c) the expected commencement and completion date(s) of development;
d) the expected profits to be derived;
e) the sources of funds to finance the development cost; and
f) whether relevant approvals for the development have been obtained and
date(s) obtained.
8. The breakdown of the sources of funding for the Proposed Land Acquisition
between bank borrowings and internally generated funds.
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9. The effects of the Proposed Land Acquisition on the gearing of the Knusford
Berhad group.
10. The salient features of the SPA.
11. The prospects of the Land.
12. The highest percentage ratio applicable to the Proposed Land Acquisition
pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements.
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) |
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