ARTICLE ENTITLED: "Malaysia Airports 'grounds' Naluri Plan"
| MALAYSIA AIRPORTS HOLDINGS BERHAD |
| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | ZO-000523-62848 |
| Subject | ARTICLE ENTITLED: "Malaysia Airports 'grounds' Naluri Plan" |
Contents :
We refer to your facsimile letter ZO-000523-62848 dated 23 May 2000 in respect of the above matter.
MAHB will commence the development of the National Exhibition and Convention Centre ("NECC") located at the former Terminal 1 of the Sultan Abdul Aziz Shah Airport in Subang, Selangor Darul Ehsan. This is the only Exhibition and Convention Centre in the world to have its own dedicated Boeing 747-runway.
The NECC development was officially launched by the Prime Minister, Y.A.B. Dato' Seri Dr. Mahathir Mohamad this afternoon. A separate statement on the launch of the NECC development is also being made to the KLSE and the Press, respectively.
The construction of the NECC is expected to be completed in the year 2002. Upon completion of the project, NECC is expected to generate revenue streams from the exhibition and conventions and other related activities. The expected revenues to be generated by NECC is expected to contribute to the future non-aeronautical income of the MAHB Group.
Negotiations are currently being held with the relevant Government Authorities on the lease of the Subang Airport Land. It is envisaged that the Airport Land would be leased by the Federal Land Commissioner (the "Lessor") to MAHB (the "Lessee") in due course. An announcement will be made to the KLSE once an agreement to this effect has been executed by the relevant parties.
Query Letter Contents :
We refer to the above news articles appearing in the Business Times, page 1, on
Tuesday, 23 May 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:-
"NALURI Bhd's plan for the development of the RM500 million Subang
International Aviation and Aerospace Park (SIAP) appears to have been
temporarily grounded by Malaysia Airports Bhd which wants to build a
world-class convention centre at the site instead."
"The source said Malaysia Airports is expected to unveil its plans for the
exhibition centre this week."
"The centre is expected to be completed by 2002. It will boost non-aeronautical
contributions to the airport operator's coffers.
"It is believed to be pursuing negotiations with the authorities on the terms
for its 300ha land leased to it under the 'Airport Land' category for 30 years
in 1992. An extension of the leasehold period is sought."
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 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 sentences 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
KUALA LUMPUR STOCK EXCHANGE
LISA LAM
Senior Manager, Listing Operations
LL/ASL/ZOOS
c.c. Securities Commission
Announcement Info
| Company Name | MALAYSIA AIRPORTS HOLDINGS BERHAD |
| Stock Name | AIRPORT |
| Date Announced | 24 May 2000 |
| Category | General Announcement |
| Reference No | MA-000524-54451 |