Proposed Disposal of Warehouse Owned by Renown Consortium Sdn Bhd
HAISAN RESOURCES BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | MN-030512-39339 |
Subject | Proposed Disposal of Warehouse Owned by Renown Consortium Sdn Bhd |
Contents :
We refer to the above and the Exchange letter dated 12 May 2003 and are pleased to furnish the additional information as requested:-
1. The sale consideration will be satisfied by way of cash.
2. There shall be no liabilities to be assumed by KL-Kepong Cocoa Products Sdn Bhd from the Disposal.
3. The Disposal is not subject to any approval from the government authorities other than obtaining the developer’s consent
4. Valuation of property was done by Jones Lang Wootton and the basis of valuation is based on comparison , summation and investment method.
5. The property is currently being used for warehousing.
6. - The space lettable is 102,000 square feet.
- - The expiry date of the lease would be 99 years from the date of issuance of title.
- - Currently, the Property which is charged to the bank for credit facilities will be discharged upon redemption of the loans from the sale proceeds.
Query Letter Contents :
We refer to your Company's announcement dated 9 May 2003, in respect of the
aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1) How the sale consideration will be satisfied;
2) Particulars of all liabilities to be assumed by KL-Kepong Cocoa Products Sdn
Bhd, arising from the Disposal;
3) Whether the Disposal is subject to the approval of the relevant government
authorities;
4) The name of the independent registered valuer and method of valuation;
5) The existing use of the Property;
6) A description of the Property including:-
- amount of lettable space available for letting
- the expiry date of the lease
- encumbrances, if any
7) The details of rental of the Property; the expected amount of rental revenue
per annum or month.
Page 2/-
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.
Yours faithfully
TAN YEW ENG
Senior Manager, Listing Operations
TYE/LMN
copy to:- Securities Commission (via fax)
Announcement Info
Company Name | HAISAN RESOURCES BERHAD |
Stock Name | HAISAN |
Date Announced | 13 May 2003 |
Category | General Announcement |
Reference No | HR-030513-57847 |