Announcements

Date : 26 July 2000

Disposal of Properties ("Disposal")

TRU-TECH HOLDINGS BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDNM-000725-46627
SubjectDisposal of Properties ("Disposal")

Contents :

We refer to your query of 25th July 2000 and are pleased to furnish the following:

1) The net book value of the properties based on the last audited accounts of Tru-Tech Electronics (M) Sdn. Bhd. ("TTE") is RM4,735,875.

2) Non of the directors nor the substantial shareholders have any interest direct or indirect in the Disposal.

3) The Sale and Purchase Agreement can be inspected during normal working hours i.e. Mondays to Fridays between 8.00a.m. to 6.00p.m. at Lot 45, Batu 12, Jalan Kota Tinggi, Mukim of Plentong, 81800 Ulu Tiram.

4) The date of investment by TTE in the properties was on 1st April 1996.

5) The names of the shareholders and directors of the purchasers are as follows:
Artic Fashion Sdn. Bhd. (Co. No. 203111-V)
Shareholders Shareholding
Low Chye Tee 368,749 73.75%
Tai Kwee Chin 131,251 26.25%

Directors
Low Chye Tee
Tai Kwee Chin

Artic Fashion Holdings Sdn. Bhd. (fomerly known as Golden Star Capital Sdn. Bhd. - Co. No. 487174-K)
Shareholders Shareholding
Low Chye Tee 1.00 50%
Tai Kwee Chin 1.00 50%

Directors
Low Chye Tee
Tai Kwee Chin

6) The disposal is in line with TTE's restructuring programme whereby non-core assets and non income generating assets will be disposed off. There is no immediate use nor in the near future for the land which is currently under agricultural status. The disposals will reduce TTE's interest cost as well as provide an extraordinary gain of RM546,215.

7) There will be no liabilities to be assumed by the purchaser, arising from the disposal

Query Letter Contents :

We refer to your announcement dated 24 July 2000, in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
1. Net book value of the Properties , based on the last audited accounts of
Tru-Tech Electronics Sdn. Bhd. ("TTE").
2. Whether persons connected with a director or substantial shareholder
has any interest, direct and indirect in the Disposal.
3. Time and place where the Sale and Purchase Agreements may be inspected.
4. Date of investments by TTE in the Properties.

5. Names of the directors and shareholders of Artic Fashion Holdings Sdn.
Bhd.
and Artic Fashion Sdn. Bhd. and their respective shareholdings therein.
6. Rationale for the Disposal.
7. Particulars of all liabilities to be assumed by the Purchasers, arising
from the
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 NameTRU-TECH HOLDINGS BHD  
Stock Name TRUTECH    
Date Announced26 Jul 2000  
CategoryGeneral Announcement
Reference NoTT-000726-5337C

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