Investor Relations

Corporate Announcements

Date : 23 December 2000

ARTICLE ENTITLED "BINA GOODYEAR BUILDS HOTEL"- FURTHER INFORMATION ON FORECAST FOR YEAR END 30 JUNE 2001

BINA GOODYEAR BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKM-001220-42228
SubjectARTICLE ENTITLED "BINA GOODYEAR BUILDS HOTEL"- FURTHER INFORMATION ON FORECAST FOR YEAR END 30 JUNE 2001

Contents :

As at December 2000, Bina Goodyear Berhad (BGB) has RM430 million in value of contracts in its order book. Some of these contracts commenced in the financial year ended 30 June 2000 while some are expected to be completed in the financial year ended 30 June 2002. The forecast has been arrived at based on these contracts in hand and its past and current progress of construction.


It has been assumed:

1. the future construction progress as forecast will not be affected by any material and significant event beyond the control of the company, and
2. new contracts secured will not contribute significantly to the Turnover for the financial year ended 30 June 2001.


Query Letter Contents :

We refer to the above article appearing in The Sun, Sun Biz, page 2 on
Wednesday, 20 December 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:-

"...for the current financial year...forecast a turnover of RM130 million to
RM150 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 reported article and in particular the
underlined sentence 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 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. 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.

Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully


INDERJIT SINGH
Senior Manager
Listing Operations
YYT/CKM
Copy to : Securities Commission (via fax)



Announcement Info

Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR    
Date Announced23 Dec 2000  
CategoryGeneral Announcement
Reference NoBG-001223-43180
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