ARTICLE ENTITLED: "MPlant reviewing fund-raising plan"
|MALAYSIAN PLANTATIONS BERHAD|
|Type||Reply to query|
|Reply to Query Letter by KLSE reference ID||PL-010105-40975|
"MPlant reviewing fund-raising plan"
Contents :We refer to your letter dated 5 January 2001 faxed to us on 5 January 2001 under your reference PL-010105-40975 with regard to the article which appeared in The Star, Business Section, page 1 on 5 January 2001 and in particular to the underlined sentences in the said article which are reproduced as follows :-
“Malaysian Plantations Bhd (“MPlant”) is reviewing its fund raising exercise now that MBf Finance Berhad is no longer included in the merger exercise of its banking unit, Multi-Purpose Bank Bhd.”
“…and hive off its interests in a golf course, Pantai Lagenda,…”
The Board of Directors of Malaysian Plantations Berhad wishes to advise as follows :-
i) MPlant is currently in the process of reviewing its revised funding plan and an announcement will be made by the merchant bank in due course upon the finalisation of the funding structure; and
One of the divestment referred to in the said Circular is the Pantai Lagenda golf course in Pekan.
Query Letter Contents :
We refer to the above news article appearing in The Star, Business section,
page 1 , on 5 January 2001, 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:-
"Malaysian Plantations Bhd (MPlant) is reviewing its fund-raising exercise now
that MBf Finance Bhd is no longer included in the merger exercise of its
banking unit, Multi-Purpose Bank Bhd."
" ...and hive off its interests in a golf course, Pantai Lagenda, ..."
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
CHONG FUI TZY
Manager, Listing Operations
c.c. Securities Commission (via fax)
|Company Name||MALAYSIAN PLANTATIONS BERHAD|
|Date Announced||8 Jan 2001|