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Date : 04 January 2013

OTHERS EASTLAND EQUITY BHD (Formerly known as Furqan Business Organisation Berhad) (“EEB” or “the Company”) - Letter of Demand from CIMB Bank Berhad

EASTLAND EQUITY BHD

TypeAnnouncement
SubjectOTHERS
DescriptionEASTLAND EQUITY BHD (Formerly known as Furqan Business Organisation Berhad) (“EEB” or “the Company”)
- Letter of Demand from CIMB Bank Berhad

Reference is made to the Company’s announcement made on 27 December 2012 pertaining to CIMB Bank Berhad (“CIMB”) demand from FBO Land (Setapak) Sdn. Bhd. (“FBO Setapak””), a wholly owned subsidiary of the Company, for the repayment of the total sum of RM3,148,497.33 as at 11 October 2012 together with continuing interest thereon.

The Company wishes to announce that the management had a meeting with CIMB on 3 January 2013. CIMB had in principle agreed to the Company’s proposed term of settlement and agreed to withhold further legal action upon receipt of official letter of proposal.

The Company had on 4 January 2013 submitted the settlement proposal to CIMB.



Announcement Info

Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND    
Date Announced4 Jan 2013  
CategoryGeneral Announcement
Reference NoCA-130104-40177

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