Titijaya Land Berhadproposed Share Sale Agreement Between Titijaya, Tan Chuan Cheong And Tee Tiong Lee
02-03-2017
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-28022017-00004 |
Subject | TITIJAYA LAND BERHADPROPOSED SHARE SALE AGREEMENT BETWEEN TITIJAYA, TAN CHUAN CHEONG AND TEE TIONG LEE |
Description |
TITIJAYA LAND BERHAD ("TITIJAYA" OR "COMPANY") REPLY TO THE LETTER FROM BURSA MALAYSIA SECURITIES BERHAD DATED 28 FEBRUARY 2017 (REF: IQL-28022017-00004) |
Query Letter Contents |
We refer to your Company's amended announcement dated 27 February 2017, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The basis of arriving at the purchase consideration of RM 70,919,000. 2. The justification of arriving at the purchase consideration of RM 70,919,000. 3. What is the proposed use of Land 2 and Land 3 (note Land 1 is for housing development)? 4. Section 3 - For all the 3 Lands, to provide the following details: (i) is the land in the process of being developed or is intended to be developed; (ii) to provide the development potential; (iii) total development cost; (iv) expected commencement and completion date(s) of development; (v) expected profits to be derived; (vi) the stage of percentage of completion; (vii) sources of funds to finance the development cost; and (viii) whether the relevant approvals for the development have been obtained 5. Section 5- To state the name of independent registered valuer and when was the valuation made? To state brief conclusion of the valuation report, if relevant. 6. Section 7 – To state the particulars of all liabilities to be assumed arising from the Proposed Acquisition. 7. Section 11- To state the effects of the transaction on its net assets per share and gearing based on the latest audited consolidated financial statements for the most recently completed financial period, assuming that the Proposed Acquisition had been effected at the beginning of that financial period. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully
KHOO KAY KWAN Senior Vice President, Issuers Listing Division Regulation KKK/ML cc:- Market Surveillance, Securities Commission (via fax)
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We refer to the Company's announcement dated 1 March 2017 in relation to the Query Letter (Ref: IQL-28022017-00004). The Company wishes to furnish additional information in relation to the abovementioned matter, as attached. This announcement is dated 2 March 2017. |
Announcement Info
Company Name | TITIJAYA LAND BERHAD |
Stock Name | TITIJYA |
Date Announced | 02 Mar 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-02032017-00071 |
Attachments
- IQL-28022017-00004_(02.03.2017).pdf (Size: 45,595 bytes)