ARTICLE ENTITLED : "PUB WANTS TO VENTURE INTO FOOD-RELATED BUSINESSES- PLANS TO ACQUIRE 29.8PC STAKE IN KFC FOR ABOUT RM350M".
| KFC HOLDINGS (MALAYSIA) BERHAD |
Contents :
We refer to your query letter dated 9 October 2000.
KFC Holdings (Malaysia) Bhd ("the Company" or "KFC") wishes to advise that, apart from the necessary notifications received from CI Holdings Berhad, Punca Ibarat Sdn Bhd, Grace Nova Sdn Bhd, Tn Hj Izhar Sulaiman, Tn Hj Abdullah Omar and YBhg Datuk Hj Ishak Ismail in relation to the completion of the Sale Shares Agreement dated 28 October 1999 entered into between CI Holdings Berhad and Punca Ibarat Sdn Bhd, to which announcements were made on 4 October 2000, the Company has not received any notification from Prime Utilities Berhad ("PUB") of its so-called "looking at acquiring 29.8 percent or 57 million KFC shares".
We wish to also advise the following :-
(i) YBhg Datuk Hj Ishak Ismail, who is also a Director of PUB, has clarified that the proposals on, inter alia, the acquisition of a substantial stake (30.32%) in KFC prepared by a Merchant Bank, presumably on the instructions by Idris Hydraulic (Malaysia) Bhd, was incomplete and unrealistic. Please see Attachment 1 for detailed explanation.
(ii) C I Holdings Berhad has confirmed that it has no intention, nor has it entered into any negotiations, to dispose off its interest in the 57 million KFC shares. Please see Attachment 2.
We trust the above clarify matters.
Query Letter Contents :
We refer to the above news article appearing in The New Straits Times, Business
Section, page 1, on Monday, 9 October 2000, a copy of which is enclosed for
your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
" ... PPUB was looking at acquiring 29.8 per cent or 57 million KFC shares
available from Amcorp Bhd for between RM340 million and RM350 million."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above article and in particular the underlined
sentence after due and diligent enquiry with all the directors, substantial
shareholders and all such persons reasonably familiar with the matter about
which the disclosure is to be made in this respect. In the event you confirm
the above sentence or any other part of the above reported article, you are
required to set forth facts sufficient to support the same. In the event you
deny the above sentence or any other part of the above reported article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
Lisa Lam
Senior Manager,
Listing Operations
ASL/LL/HH
c.c Securities Commission (via fax)
Announcement Info
| Company Name | KFC HOLDINGS (MALAYSIA) BERHAD |
| Stock Name | KFC |
| Date Announced | 10 Oct 2000 |
| Category | General Announcement |
| Reference No | KH-001009-57189 |
