Query Letter Contents :
We refer to the above news article appearing in The Edge, page 12, on Monday,
21 May 2001, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
1. "The Boustead group, of which Kuala Sidim is a member company, plans to sell
about 100 acres of this estate to the University of Nottingham in Malaysia Sdn
Bhd ..."
2. "The company is selling the 100 acres to Nottingham Malaysia for RM16
million, or RM160,000 an acre ..."
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 reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentences or any other part of the above article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above sentences or any other part of the
above article, you are required to set forth facts sufficient to support 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
LL/ASL/SW
c.c. Securities Commission (via fax)
