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INFORMATION REQUEST


Date : 25 May 2001

MUHIBBAH ENGINEERING (M) BHD ("Muhibbah") ACQUISITION OF LEASEHOLD LAND ("LAND") FOR CASH CONSIDERATION OF RM16,552,800 ("ACQUISITION")

MUHIBBAH ENGINEERING (M) BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDKM-010518-40855
SubjectMUHIBBAH ENGINEERING (M) BHD ("Muhibbah")
ACQUISITION OF LEASEHOLD LAND ("LAND") FOR CASH CONSIDERATION OF RM16,552,800 ("ACQUISITION")

Contents :

    We refer to the Exchange's letter dated 23 May 2001 requesting for further information in respect of the above.

    On behalf of the Board of Muhibbah, we wish to announce as follows:
    1. 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.
    2. 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.
    3. There are no liabilities to be assumed by Muhibbah Engineering (M) Bhd arising from the acquisition;
    4. 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".

Query Letter Contents :

We refer to your announcement dated 24 April 2001 in respect of the aforesaid
matter.
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 NameMUHIBBAH ENGINEERING (M) BHD  
Stock Name MUHIBAH    
Date Announced25 May 2001  
CategoryGeneral Announcement
Reference NoC&-010525-96089