MUHIBBAH ENGINEERING (M) BHD ("Muhibbah") ACQUISITION OF LEASEHOLD LAND ("LAND") FOR CASH CONSIDERATION OF RM16,552,800 ("ACQUISITION")
MUHIBBAH ENGINEERING (M) BHD |
Contents :
- We refer to the Exchange's letter dated 23 May 2001 requesting for further information in respect of the above.
- We are unable to obtain the original cost of investment and date of such investment in the Land from the vendor, Central Spectrum (M) Sdn Bhd.
- We are unable to obtain the net book value of the Land based on the latest audited accounts of the vendor, Central Spectrum (M) Sdn Bhd.
- There are no liabilities to be assumed by Muhibbah Engineering (M) Bhd arising from the acquisition;
- There are no valuation carried out on the Land. The purchase consideration was negotiated in arms length and was arrived at on a willing buyer and willing seller basis on a "as is where is basis".
On behalf of the Board of Muhibbah, we wish to announce as follows:
Query Letter Contents :
We refer to your announcement dated 24 April 2001 in respect of the aforesaidmatter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
Original cost of investment and date of such investment in the Land to the
vendor.
Net book value of the Land based on the latest audited accounts of the vendor,
and state the financial year end of such audited accounts.
Particulars of all liabilities to be assumed by Muhibbah Engineering (M) Bhd
arising from the Acquisition, if any.
Whether any valuation was carried out on the Land. If so, to state the name of
the independent registered valuer, date of valuation and quantification of the
market value.
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.
Yours faithfully
INDERJIT SINGH
Senior Manager
Listing Operations
WR/CKM
Announcement Info
Company Name | MUHIBBAH ENGINEERING (M) BHD |
Stock Name | MUHIBAH |
Date Announced | 25 May 2001 |
Category | General Announcement |
Reference No | C&-010525-96089 |