PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 58384, LOT NO. 54327 31 Dec 2009
Type
:
Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
:
PY-091230-39782
Subject
:
HELP INTERNATIONAL CORPORATION BERHAD ("HIC" or "the Company") - PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 58384, LOT NO. 54327 (FORMERLY KNOWN AS HS(D) 100362, PT NO. 5783), MUKIM KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN MEASURING APPROXIMATELY 1,112 SQUARE METRES TOGETHER WITH THE BUILDING ERECTED THEREON, AND KNOWN AS HELP RESIDENCE ("PROPOSED ACQUISITION")
Contents
:
We refer to the announcement dated 28 December 2009 and the letter from Bursa Malaysia Securities Berhad dated 30 December 2009 (Ref: PY-091230-39782) on the Proposed Acquisition. As requested, we append below the additional information:
(1) As stated in Section 2.3 of the announcement dated 28 December 2009, the remaining purchase consideration is on a deferred payment basis. The management of HIC has not obtained any bank borrowings to finance the Proposed Acquisition as the breakdown of purchase consideration using internally generated funds and/or bank borrowings has not been determined at this juncture.
(2) Save for the approval from the shareholders of HIC, the Proposed Acquisition is not subject to the approval of any relevant government authorities.
This announcement is dated 31 December 2009.
Query Letter content
:
We refer to your announcement dated 28 December 2009 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- (1) The breakdown of the purchase consideration between internally generated funds and/or borrowings.
(2) Whether the Proposed Acquisition is subject to the approval of the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities.
Please furnish Bursa Securites with the announcement containing the aforesaid information within one (1) market day from the date hereof.
Yours faithfully
TAN YEW ENG Head, Issuers Listing Division Regulation LPY cc: Securities Commission
Printer-friendly version