Bursa Announcements
Date : 20 September 2010
FURQAN BUSINESS ORGANISATION BERHAD (“FBO” or “the Company”) - HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO: D1-22-1100-2006 DISCOVER ORIENT HOLIDAYS SDN BHD –VS- SEGARWAN SDN BHD & 2 OTHERS
| FURQAN BUSINESS ORGANISATION BERHAD |
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | NM-100917-44960 |
| Subject | FURQAN BUSINESS ORGANISATION BERHAD (“FBO” or “the Company”) - HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO: D1-22-1100-2006 DISCOVER ORIENT HOLIDAYS SDN BHD –VS- SEGARWAN SDN BHD & 2 OTHERS |
| Contents | Reference is made to the Company’s announcement dated 15 September 2010 in relation to Civil Suit No: D1-22-1100-2006 and the letter dated 17 September 2010 from Bursa Malaysia Securities Berhad. We furnish the following additional information in relation to the abovementioned suit case: 1. There is no material operational and financial impact on FBO Group. 2. In the event Discover Orient Holidays Sdn Bhd's appeal is unsuccessful, the expected losses would be the judgment sum of RM242,951.40 together with a sum of RM1,863.74 being accrued interest as at 6 September 2010 and accruing thereafter at 8% per annum on the judgment sum of RM242,951.40 until full settlement. copy to : Head, Market Surveillance Department, Market Supervision Division, Securities Commission. |
| Query Letter Content | We refer to your Company's announcement dated 15 September 2010 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The financial and operational impact of the Notice of Demand on the Furqan Business Organisation Berhad group. 2. The expected losses, if any, arising from the Notice of Demand. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Head, Issuers Listing Division, Regulation TYE/NMA c.c:- Head, Market Surveillance Department, Market Supervision Division, Securities Commission (via fax) |
Announcement Info
| Company Name | FURQAN BUSINESS ORGANISATION BERHAD |
| Stock Name | FBO |
| Date Announced | 20 Sept 2010 |
| Category | General Announcement |
| Reference No | CA-100917-61114 |
