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INFORMATION REQUEST


Date : 06 February 2001

Comprehensive Agreement entered into by Golden Paradise International Limited ("GPIL"), Mitrajaya SA (Pty) Ltd ("MSA"), Samrand Development (Pty) Limited ("Samrand") and Samrand Mitrajaya Development (Pty) Ltd ("Samitra") together with Deed of Sale between Samrand and MSA ("Proposed Acquisitions")

MITRAJAYA HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKM-010130-59164
SubjectComprehensive Agreement entered into by Golden Paradise International Limited ("GPIL"), Mitrajaya SA (Pty) Ltd ("MSA"), Samrand Development (Pty) Limited ("Samrand") and Samrand Mitrajaya Development (Pty) Ltd ("Samitra") together with Deed of Sale between Samrand and MSA ("Proposed Acquisitions")

Contents :

Further to the reply to the Exchange's query on the above, the Board of Mitrajaya Holdings Berhad wish to inform the Exchange that the open market value of the freehold property of 62 hectares to be acquired by MSA according to the valuation report dated 31 December 2000 issued by Messrs Mills Fitchet Real Estate Valuers is Rand 11.7 million. The valuation was carried out using the "Direct Comparable" method and the Township Development Approach, utilising the Cash Flow basis.

Query Letter Contents :

We refer to your announcement dated 22 January 2001 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
Salient features of, time and place where, the Comprehensive Agreement and Deed
of Sale, may be inspected.
Net tangible assets and net profit of Samitra based on its latest audited
accounts, and state the financial year end of such accounts.
Net book value of the freehold property, being the subject matter of the Deed
of Sale ("Property"), in the books of the vendor based on its latest audited
accounts, and state the financial year end of such accounts.
Whether any valuation was carried out on the Property. If so, to state the name
of the independent registered valuer, date of valuation and quantification of
the market value.
Original cost of investment and date of such investment in the Samitra shares
and the Property to the respective vendors.
Particulars of all liabilities to be assumed by Mitrajaya Holdings Berhad
("Company") group arising from the Proposals, if any.
Statement by the board of directors stating whether the transactions are in the
best interest of the Company.


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

INDERJIT SINGH
Senior Manager
Listing Operations
CKM



Announcement Info

Company NameMITRAJAYA HOLDINGS BERHAD  
Stock Name MITRA    
Date Announced6 Feb 2001  
CategoryGeneral Announcement
Reference NoC&-010206-F71FF