Announcements
PROPOSED ACQUISITION OF INCA PLASTICS (THAILAND) LIMITED
TECHVENTURE BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | NM-000901-45783 |
Subject | PROPOSED ACQUISITION OF INCA PLASTICS (THAILAND) LIMITED |
Contents :
We refer to your letter dated 1st. September, 2000 and are pleased to furnish our reply as detailed below:-
INCAP PLASTICS (THAILAND) LIMITED
1. Payment of the purchase consideration is as follows:-
a. On signing the Sale and Purchase Agreement (SPA) RM1,000,000.00
b. Within nine (9) months from the date of SPA RM6,000,000.00
________________
Total RM7,000,000.00
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2.No liabilities are assumed by Insulflex Sdn Bhd arising from the Acquisition.
3.The date of Hartsmead Agents Limited's investment in the Sale Shares is 15th. August, 2000
4.Source of funds for the Acquisition will be from internally generated funds and bank borrowings.
5.The SPA may be inspected during office hours from 9.00 a.m. to 5.00 p.m. at our registered office:-
149A, Jalan Aminuddin Baki, Taman Tun Dr Ismail, 60000 Kuala Lumpur
6. The Acquisition is not subject to approval of shareholders or the relevant government authorities.
Query Letter Contents :
We refer to your announcement dated 30 August 2000 in respect of the
abovecaptioned matter.
In this connection, kindly furnish the Exchange with the following information
for public release:
1. Terms of any arrangement for payment of the purchase consideration on a
deferred basis.
2. Particulars of all liabilities to be assumed by Insulflex Sdn. Bhd.,
arising from the Acquisition.
3. Date(s) of Hartsmead Agents Limited's investment in the Sale Shares.
4. Source of funds for the Acquisition.
5. Time and place where the Sale and Purchase Agreement may be inspected.
6. Whether the Acquisition is subject to the approval of shareholders and the
relevant government authorities.
Please furnish the Exchange with your reply within (2) market days from the
date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE
Tan Yew Eng
Senior Manager, Listing Operations
TYE/NMA
Announcement Info
Company Name | TECHVENTURE BERHAD |
Stock Name | TECHVEN |
Date Announced | 5 Sept 2000 |
Category | General Announcement |
Reference No | CZ-000905-71386 |