Date : 10 December 2003

INVESTMENT IN GOLDMOUNT RESOURCES SDN. BHD. AND ACQUISITION OF PROPERTY

RUMPUN HIJAU CAPITAL BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDPY-031205-37866
SubjectINVESTMENT IN GOLDMOUNT RESOURCES SDN. BHD. AND ACQUISITION OF PROPERTY

Contents :

We refer to the verbal query from Ms. Lee of KLSE pertaining to the reply to query on 9 December 2003 in respect of the investment in GOLDMOUNT RESOURCES SDN. BHD. ("GRSB") and acquisition of property.


We herewith provide further information as requested: -

a) The Company intends to develop the property into a commercial shop offices. However, the commencement of the development is very much depend on the approval of relevant authorities. Therefore, GRSB is not able to foresee accurately but once the project commenced, it is expected to complete within 3 years.

b) Mayban Finance Bhd is having 3 charges on the property for the RM9 million share margin financing facility granted to the vendor, SANJUNG SELAMAT SDN. BHD. ("SSSB"). As for the 2 caveats that lodged against the property, GRSB is not able to ascertain the nature and the reason of the caveats.

Query Letter Contents :


We refer to your announcement dated 28 November 2003 in respect of the
aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release :-
(1) Salient features of the conditional sale and purchase agreement.
(2) Particulars of all liabilities to be assumed by RUMPUN, arising from the
Investment and Acquisition.
(3) Where the property is intended to be developed, the details as required in
Appendix 10A Part C (4) of the Listing Requirements.
(4) Net book value of the property based on Sanjung Selamat Sdn. Bhd.("SSSB")'s
last audited accounts.








(5) Whether any valuation was carried on the property; if so, the name of the
independent registered valuer, date and method of valuation and quantification
of the market value.
(6) The encrumbrances, if any, on the property.
(7) Original cost of investment of the property to SSSB and date of such
investment.
(8) Prospects and risk factors of the property.
(9) The estimated time frame for the completion of the Acquisition.
(10) A statement whether the Acquisition has departed from the Securities
Commission's Policies and Guidelines on Issue/ Offer of Securities.

Please furnish the Exchange with the announcement containing the aforesaid
information within two (2) market days from the date hereof.
Yours faithfully
Tan Yew Eng
Sector Head, Issues & Listing
LPY/zm
Copy :Securities Commission



Announcement Info

Company NameRUMPUN HIJAU CAPITAL BERHAD  
Stock Name RUMPUN    
Date Announced10 Dec 2003  
CategoryGeneral Announcement
Reference NoCN-031210-54376
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