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INFORMATION REQUEST


Date : 29 May 2003

WINDING-UP PETITION ON BRISDALE DEVELOPMENT SDN BHD ("BDSB")

BRISDALE HOLDINGS BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDNM-030520-36903
SubjectWINDING-UP PETITION ON BRISDALE DEVELOPMENT SDN BHD ("BDSB")

Contents :

We refer to the Exchange query letter dated 20 May 2003 and the Exchange letter referenced no. 9.C 34 (257) dated 28 May 2003.


First of all, we would like to apologize for the delay in replying to the aforesaid Query because of our internal line problem.

We hereby furnish the information as requested by the Exchange for public release.

The Petitioner, Viable Shanghai (M) Sdn Bhd alleging that BDSB is indebted to the Petitioner in the sum of RM606,941-30 being the liquidated damages, principal sum refundable and late payment interest payable to the Petitioner in respect of the properties known as Lot 07-G, Lot 08-1 and Lot 08-G, Larkin Perdana, Winner-4S Shop Office pursuant to three (3) Sale & Purchase Agreement dated 13 April 1995, 24 April 1995 and 24 April 1995 respectively.

The solicitors for the Petitioner has on 31 December 2002 in accordance with Section 218 of the Companies Act, 1965 served three (3) Notices for the said outstanding sum, all three (3) Notices dated 24 December 2002 on BDSB at its registered office at Tingkat 17, Blok B, Menara PKNS-PJ, No. 17, Jalan Yong Shook Lin, 46050 Petaling Jaya, Selangor Darul Ehsan. The Petitioner did not receive any payment and upon the expiry of the 21 days of the Notices, the Petitioner filed and served the Winding-Up Petition on BDSB.

In view of the fact that BDSB is 65% owned subsidiary company of Pembangunan Brisdale Sdn Bhd (a wholly owned subsidiary of Brisdale Holdings Berhad) which is in possession of assets currently realizable and available to meet its current liabilities, the Board of Directors are of the opinion that this matter will be settled amicably.

Query Letter Contents :

We refer to the your Company's announcement dated 19 May 2003 in respect of the
aforesaid matter.
In this connection, kindly furnish the Exchange immediately with the following
information for public release:
1.The details of the default or circumstances leading to the filing of the
winding-up petition.
Yours faithfully

INDERJIT SINGH
Senior Manager
Listing Operations
IS/WSW/NMA



Announcement Info

Company NameBRISDALE HOLDINGS BERHAD  
Stock Name BRISDAL    
Date Announced29 May 2003  
CategoryGeneral Announcement
Reference NoBH-030529-66376