Announcements

Date : 12 September 2000

Suria Capital Holdings Berhad ("Suria" or "the Company") - Proposed Disposal Of 178,492,232 Ordinary Shares Of RM1.00 Each, Representing 100% Of The Issued And Paid-Up Share Capital Of Sabah Bank Berhad ("SBB"), By Suria ("Proposed Disposal")

SURIA CAPITAL HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-000908-31331
SubjectSuria Capital Holdings Berhad ("Suria" or "the Company")
- Proposed Disposal Of 178,492,232 Ordinary Shares Of RM1.00 Each, Representing 100% Of The Issued And Paid-Up Share Capital Of Sabah Bank Berhad ("SBB"), By Suria ("Proposed Disposal")

Contents :

We refer to the Exchange's letter to Suria dated 8 September 2000 and our announcement on behalf of Suria dated 30 August 2000 in relation to the aforementioned Proposed Disposal.


Suria acquired the 178,492,232 ordinary shares of RM1.00 each in SBB on 5 October 1996 for RM238 million.

The proforma effect on the NTA of Suria Group based on the latest audited accounts as at 31 December 1999 is presented in Table 1 below.
The proforma effect on the NTA of Suria Group based on the latest audited accounts as at 31 December 1999 is as follows:


Group
As at 31/12/99
Before Proposed Disposal
(RM'000)
After Proposed Disposal
(RM'000)
Share capital
560,551
560,551
Reserves
(298,408)
(298,408)
Loss on Disposal*
-
(13,493)
262,143
248,650
NTA per share (RM)^
0.47
0.44
Note:

* Based on management's computation (unaudited)
^ The proforma computation above excludes the net profit after tax or losses of SBB for the period from 1 January 2000 to 31 December 2000 and possible recoveries in respect of the loans sold to Danaharta in the books of SBB as at 31 December 1999, being part of the purchase consideration.

Query Letter Contents :


We refer to your announcement dated 30 August 2000 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for
public release:
(1) The original cost of investment to your Company in SBB and the date of such
investment.
(2) Financial effects of NTA at Group's level based on the latest audited
accounts.

Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.


Yours faithfully,


Chong Fui Tzy
Manager, Listing Operations
HTH/TFM





Announcement Info

Company NameSURIA CAPITAL HOLDINGS BERHAD  
Stock Name SURIA    
Date Announced12 Sept 2000  
CategoryGeneral Announcement
Reference NoCU-000911-74025

Back