Announcements

Date : 29 September 2000

ARTICLE ENTITLED: "Unza confident of doing very well"

UNZA HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-000928-36701
SubjectARTICLE ENTITLED: "Unza confident of doing very well"

Contents :

We refer to your letter dated 28 September 2000 in respect of the following sentences quoted in the Star, Business Section on 28 September 2000:-


"We are expecting a turnover of RM300mil with profit of about RM30mil this financial year ending 31 July, based on the BUH acquisition alone…"

"…if taking into consideration Unza's latest proposal to acquire two local personal care manufacturing companies - Gervas Corp Sdn Bhd and Formapac Sdn Bhd - which was expected to be completed in the third quarter of this financial year, the total turnover would then be RM330 mil."

The Board of Directors of Unza wishes to clarify that:-

1. the financial year end of Unza is 30 April and not 31 July;

2. Pursuant to the Chairman’s Statement in the Annual Report 2000, the prospects for the Group are bright in the current year especially with the recovered economy and following the completion of the acquisition of Berjaya Unza Holdings (BVI) Limited ("BUH") which allows many operational synergies. In view of this and barring any unforeseen circumstances, Unza expects the consolidated turnover of the current Unza Group (with BUH) to be in the region of RM300 million;

3. as disclosed in the Annual Report 2000 and the KLSE Announcement dated 11 July 2000, Unza proposes to acquire 100% stake in Gervas Corporation Sdn Bhd and Formapac Sdn Bhd together with the relevant trademarks (“Proposed Acquisitions”). The Chairman’s Statement in the Annual Report 2000 also mentioned that the Proposed Acquisitions are expected to yield further synergies and significantly increase the Group’s market share in the personal care and household product sector. Assuming the Proposed Acquisitions are completed in the 3rd quarter of the current financial year and barring any unforeseen circumstances, Unza expects the consolidated turnover to be in the region of RM330 million; and

4. With the Proposed Acquisitions and barring any unforseen circumstances, Unza expects the profit before taxation of the Group in the current financial year to be in the region of RM30 million.

As mentioned in the Announcement on 11 July 2000, the Directors of Unza expect to submit the application on the Proposed Acquisitions to the Securities Commission within 4 months from the date of the said Announcement and the circular explaining the details of the Proposed Acquisitions will be despatched to the shareholders of Unza in due course.

Query Letter Contents :

We refer to the above article appearing in The Star, Business Section, page 5,
on Thursday, 28 September 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"We are expecting a turnover of RM300mil with profit of about RM30mil this
financial year ending
July 31, based on the BUH acquisition alone..."

"...if taking into consideration Unza's latest proposal to acquire two local
personal care
manufacturing companies--Gervas Corp Sdn Bhd and Formapac Sdn Bhd---which was
expected
to be completed in the third quarter of this financial year, the total
turnover would then be
RM330mil."

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 sentences 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 sentences or any other part of the above article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above sentences or any other part of
the above 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


Chong Fui Tzy
Manager, Listing Operations
ASL/TFM
cc:Securities Commission



Announcement Info

Company NameUNZA HOLDINGS BERHAD  
Stock Name UNZA    
Date Announced29 Sept 2000  
CategoryGeneral Announcement
Reference NoUU-000929-52050

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