Announcements
INVESTMENT IN SHARES ("INVESTMENT")
MEASUREX CORPORATION BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | PY-001212-43820 |
Subject | INVESTMENT IN SHARES ("INVESTMENT") |
Contents :
We refer to the announcement on 11 December 2000 and the Exchange's letter dated 13 December 2000 in relation to the above.
As requested, we are pleased to furnish the following information:-
1) Net profit and net tangible assets of Mass Media Interactive Sdn Bhd ("MMI")
MMI incurred a loss after taxation of RM2.38 million for the year ended 31 December 1998 based on its last audited accounts and has a negative net tangible assets of RM3.8 million as at the same date.
2) Terms of payment for the cash consideration of RM4,875,000
Payment is effected in full upon the submission of the subscription documents to MMI.
3) Rationale for the Investment
The above investment forms part of the Company's ongoing plans to tap new business opportunities.
Query Letter Contents :
We refer to your announcement dated 11 December 2000.
In this connection, kindly furnish the Exchange with the following additional
information for public release :-
(1) The net profit and net tangible assets of Mass Media Interactive Sdn Bhd
based on its last audited accounts.
(2) The terms of payment for the cash consideration of RM4,875,000.
(3) The rationale for the Investment.
Please furnish the Exchange with the announcement containing the aforesaid
information within two (2) market days from the date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE
Tan Yew Eng
Senior Manager, Listing Operations
LPY/zm
copy to :- Securities Commission (via fax)
Announcement Info
Company Name | MEASUREX CORPORATION BERHAD |
Stock Name | MESUREX |
Date Announced | 15 Dec 2000 |
Category | General Announcement |
Reference No | CC-001215-17D4E |