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Announcement
Date : 26 April 2001

Proposed Disposal of Factory Land & Building ("the Property") by Wholly-Owned Subsidiary ("Proposed Disposal")

TAIPING SUPER BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDNM-010418-42887
SubjectProposed Disposal of Factory Land & Building ("the Property") by Wholly-Owned Subsidiary ("Proposed Disposal")

Contents :

We refer to your letter of 19 April 2001, which we only received on 25 April 2001 and our announcement on 16 April 2001 in relation to the above.


As requested, we are pleased to forward the information required as follows:-

1. The loss on disposal arising from the Proposed Disposal of some RM1,050,000 is expected to increase the Group's loss per share by some 5.2 sen.

2. The names of the directors and shareholders of the Purchaser and their respective shareholdings therein are as follows:-

Directors
Shareholding
%
Ong Chuan Huat
10,000
10
Ang Eng Thai
90,000
90
Total
100,000
100

3. The Property was transferred / assigned from Taiping Liner Industries Sdn. Bhd. (a former subsidiary) to Contemporary Status Sdn. Bhd. on 27 February 1999.

4. In this Proposed Disposal, the Purchaser is not required to assume any liability for the Company or the Group.


Note:

Further to our discussion with your Cik Norseha Mohd Arsat, we wish to clarify that, we did not receive your fax of the said letter on 19 April 2001, because it was a public holiday in Perak, where our registered office station. No hardcopy of your letter was received. We only came to the knowledge of your query, when we received your mail copy on 25 April 2001. We have endeavored our level best to reply your letter soonest possible. We hope this has not cause any inconvenience at your end.










Query Letter Contents :

We refer to your announcement dated 16 April 2001 in respect of the
abovecaptioned matter.
In this connection, kindly furnish the Exchange with the following information
for public release:
1. Effect of the Proposed Disposal on the earnings per share of Taiping Super
Berhad Group.
2. Names of the directors and shareholders of the Purchaser and their
respective shareholdings therein.
3. The date on which the Property was transferred/assigned to Contemporary
Status Sdn. Bhd.
4. Particulars of all liabilities to be assumed by the Purchaser, arising from
the Proposed Disposal.
Please furnish the Exchange with your reply within two (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 NameTAIPING SUPER BERHAD  
Stock Name TSUPER    
Date Announced26 Apr 2001  
CategoryGeneral Announcement
Reference NoTS-010425-57352

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