Announcements
SUREMAX GROUP BHD. ("Suremax" or "the Company") -Reply to the KLSE - Article Entitled : "Suremax finds success in partial build-and-sell concept"
| SUREMAX GROUP BERHAD |
Contents :
We, act for and on behalf of our client, Suremax.
Reference is made to the query as per the letter from the KLSE dated 20 February, 2001, reference no. KM-010220-59407. We regret to note that The Edge Online has quoted the following:
"... the group expects a 10 per cent increase in turnover for the financial year ending Aug 31, 2001...."
The Company wishes to clarify that none of the directors or officers in office have made a statement which represents an official forecast to any members of the press in respect of the year ending 31 August 2001. However, there is a possibility for the Group to achieve a 10% increase in turnover over the prior year due to the following launches planned for this year: the second block of medium cost apartment (225 units) in Pansaria Kota Putri, two new phases of residential projects in Pinggiran Senawang the schedule launch of another project in Mambau, Negeri Sembilan and the construction projects in hand amounting to approximately RM80 million which are secured as at to date, the Company would like to reserve the right to decide whether to make an official announcement of the forecast figures at a later time.
A 10% increase would in any event be based on certain assumptions, including that there is no drastic change in the current market conditions and that the approvals from the relevant authorities and the project launched are as per scheduled.
Query Letter Contents :
We refer to the above article appearing in The Edge Online, Tuesday, 20
February 2001.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"...the group expects a 10 per cent increase in turnover for the financial year
ending Aug 31, 2001...”
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentence or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentence or
any other part of the above reported article, you are required to set forth
facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
ASL/CKM
Copy to : Securities Commission (via fax)
Announcement Info
| Company Name | SUREMAX GROUP BERHAD |
| Stock Name | SUREMAX |
| Date Announced | 23 Feb 2001 |
| Category | General Announcement |
| Reference No | CS-010223-DA729 |