Bursa Announcements

Date : 02 February 2001

PROPOSED ACQUISITION OF THAI SAKURA SECURITIES CO., LTD ("THAI SAKURA") ("PROPOSED ACQUISITION")

RHB CAPITAL BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-010119-54863
SubjectPROPOSED ACQUISITION OF THAI SAKURA SECURITIES CO., LTD ("THAI SAKURA") ("PROPOSED ACQUISITION")

Contents :

Further to your fax of 30 January 2001 on the above matter, we set out below the additional information as requested: -


1. As at 30 June 2000, which is the date of the latest audited accounts, the net tangible assets of Thai Sakura is 146,880,534 Thai Baht and Thai Sakura incurred a net loss of 3,119,466 Thai Baht for the year ended on that date.

2. The original cost of investment to The Sakura Bank, Limited in Thai Sakura is 280,317,060 Thai Baht whilst the original date of investment was 31 October 2000.

3. The Proposed Acquisition is not subject to any approval from the shareholders of The Sakura Bank, Limited nor from the shareholders of RHB Capital Berhad.


This announcement is dated 2 February 2001.

Query Letter Contents :

We refer to the announcement dated 17 January 2001 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for
public release:-
(1) Net tangible assets and net profits of Thai Sakura based on the latest
audited accounts.
(2) The original cost of investment to The Sakura Bank in Thai Sakura and the
date of
such investment.
(3) Whether the Proposed Acquisition is subject to the shareholders' approval.


Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.

Yours faithfully,


Chong Fui Tzy
Manager,Listing Operations
HTH/TFM



Announcement Info

Company NameRHB CAPITAL BERHAD  
Stock Name RHBCAP    
Date Announced2 Feb 2001  
CategoryGeneral Announcement
Reference NoRC-010131-66440

Back