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We would like to inform the Exchange of the following:-
a) Kumpulan Mediiman Sdn Bhd ("KMI") is a subsidiary of TDM. TDM has a controlling interest of 70.64% in KMI. The announcement to the Exchange on this acquisition was made on 28 July 1997.
b) On 7 August 1998, KMI has subscribed for 199,998 ordinary shares of RM1/- each in Health Medic Master Sdn Bhd ("HMM") and 2 ordinary shares of RM1/- each on 27 August 1998 respectively. The consideration was satisfied in cash .
c) In respect of the subscription of shares in HMM by KMI, the percentage ratio was 0.096% on the basis of the consideration in relation to the Net Tangible Assets ("NTA") of TDM & Group.
d) HMMC (Pantai) Sdn Bhd("HMMC (Pantai)") became a subsidiary of HMM on 1 October 1998 with a subscription of 37,499 ordinary shares of RM1.00/- each. The above transaction is by way of cash consideration. In respect of the subscription of shares in HMMC (Pantai) by HMM, the percentage ratio was 0.018% on the basis of the consideration in relation to the Net Tangible Assets ("NTA") of TDM & Group.
e) KMI is the holding company for HMM and its subsidiaries, HMMC (Pantai). As such, TDM is the ultimate holding company of HMMC (Pantai).
f) The principal activity of HMM is providing medical services and investment company. The principal activity of HMMC (Pantai) operates as a medical clinic.
e) There were no financial effect arising from the Acquisitions for the financial year ended 31 December 1998.
f) None of the Directors, substantial shareholders and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Acquisitions.
g) The consideration in relation to the NTA of TDM & Group for the acquisition of HMM and HMMC (Pantai) was 0.096% and 0.018% respectively and therefore not substantial. The acquisitions were made by the subsidiary of TDM and were satisfied in cash. We apologise for any inconvenience caused but we wish to impress that the omission of the anouncement was not intentionally.