Bursa Announcement

Date : 23 April 2001

Subscription of 40,000 new ordinary shares ("Subscription") and acquisition of 600 existing ordinary shares ("Acquisition") in Komark (Thailand) Co. Ltd. ("Komark Thailand") by General Labels & Labelling (M) Sdn Bhd

KOMARKCORP BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKA-010414-34841
SubjectSubscription of 40,000 new ordinary shares ("Subscription") and acquisition of 600 existing ordinary shares ("Acquisition") in Komark (Thailand) Co. Ltd. ("Komark Thailand") by General Labels & Labelling (M) Sdn Bhd

Contents :

We refer to our announcement made on 13 April 2001 and the reply to the query letter ref: KA-010414-34841 dated 16 April 2001 from the Kuala Lumpur Stock Exchange on 18 April 2001 in respect of the above. As requested, we are pleased to set out below our reply to the Exchange on the additional queries raised on the following points:-


4) The basis for arriving at the purchase consideration of the 600 shares in Komark Thailand, including the terms of any arrangement for payment on a deferred basis.

The purchase consideration was settled by cash on a one-off basis. There was no arrangement for payment on a deferred basis.

    7) Whether the Subscription and Acquisition is subject to the approval of shareholders and the relevant government authorities.
        The Subscription and Acquisition ("transaction") are not subject to approval of shareholders. However, approval has been obtained for the transaction from the Department of Commercial Registration in Thailand.

    Query Letter Contents :

    We refer to your announcement dated 13 April 2001.
    In this connection, kindly furnish the Exchange with the following additional
    information for public release:-
    1) Whether the directors, substantial shareholders and/or persons connected
    with them have any interest, direct or indirect in the Subscription and
    Acquisition and the nature and extent of their interests.
    2)The equity interest held by GLLM in KTCL before the Acquisition and
    Subscription.
    3) The subscription price of the 40,000 new ordinary shares in KTCL, the basis
    for the subscription price and how it will be satisfied, including the terms of
    any arrangement for payment on a deferred basis.
    4) The basis for arriving at the purchase consideration of 600 shares in KTCL,
    including the terms of any arrangement for payment on a deferred basis.
    5) The date of the Acquisition and Subscription.
    6) The effects of the Subscription and Acquisition on the earnings per share
    and net tangible assets per share of your group.
    7) Whether the Subscription and Acquisition is subject to the approval of
    shareholders and the relevant government authorities.







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

    Yours faithfully
    KUALA LUMPUR STOCK EXCHANGE

    Tan Yew Eng
    Senior Manager, Listing Operations
    TYE/KRISH
    Copy to: Securities Commission (via fax)


    Announcement Info

    Company NameKOMARKCORP BERHAD  
    Stock Name KOMARK    
    Date Announced23 Apr 2001  
    CategoryGeneral Announcement
    Reference NoCU-010423-65378

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