YTL CORPORATION BERHAD ("YTL") PLACEMENT OF 120,000,000 ORDINARY SHARES OF RM1.00 EACH IN YTL POWER INTERNATIONAL BERHAD ('PLACEMENT")
YTL CORPORATION BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | HS-030728-52629 |
Subject | YTL CORPORATION BERHAD ("YTL") PLACEMENT OF 120,000,000 ORDINARY SHARES OF RM1.00 EACH IN YTL POWER INTERNATIONAL BERHAD ('PLACEMENT") |
Contents :
We refer to the Exchange’s letter dated 29 July 2003 in relation to our announcement on the above made on 22 July 2003 and are pleased to furnish the following additional information as requested:-
1. There are no liabilities to be assumed by the purchaser arising from the Placement.
2. The original investment was made in 1997 at an average cost of investment of RM1.12 per share, totalling RM134,400,000.00.
3. The terms of the Placement were agreed upon between 16 and 22 July 2003.
4. There are no salient features under the agreement save for the share price of RM2.90 per share.
5. Proceeds arising from the Placement will be used for working capital of YTL Group.
We trust the above meet your requirements.
Yours faithfully,
YTL CORPORATION BERHAD
HO SAY KENG
Secretary
Dated: 31 July 2003
Kuala Lumpur
c.c. Securities Commission
Securities Issues Department
Fax no. 6201 5213
Query Letter Contents :
We refer to your announcement dated 22 July 2003 , in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release :
1. Particular of liabilities to be assumed by the purchaser arising from the
Placement, if any.
2. Original cost of investment and date of such investment in YTL Power
International Berhad.
3. The date on which the terms of the Placement were agreed upon.
4. Salient features of the Placement agreement.
5. Utilisation of the proceeds arising from the Placement.
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
CKM/HSN
Announcement Info
Company Name | YTL CORPORATION BERHAD |
Stock Name | YTL |
Date Announced | 31 Jul 2003 |
Category | General Announcement |
Reference No | YC-030731-2B865 |