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Date : 15 November 2000

Proposed acquisition of land measuring 13.531 acres held under geran no. 28513, lot no 6629 Mukim Kapar, Daerah Klang, Selangor Darul Ehsan (The Said Land) ["Proposed Acquisition"]

MEGA PASCAL BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDPY-001109-58760
SubjectProposed acquisition of land measuring 13.531 acres held under geran no. 28513, lot no 6629 Mukim Kapar, Daerah Klang, Selangor Darul Ehsan (The Said Land) ["Proposed Acquisition"]

Contents :

We refer to your letter dated 10 November 2000, which was received on the 14 November 2000. We are pleased to furnish below the additional information requested by the Exchange:


1. We were unable to obtain the information from Synergy Merge Sdn Bhd ("SMSB")

2. Salient features of the Valuation Report are as follows:
Valuer Raine & Horne International
Zaki+Partners Sdn Bhd

      Date of valuation 2 October 2000
Basis of valuation Market Value

Method of Valuation Comparison Method

Valuation RM6,483,000.00

3. SMSB is a private limited company incorporated in Malaysia.The principal activity of
SMSB is investment holding.

4. There are no liabilities to be assumed by the Mega Pascal Group arising from the Proposed Acquisition.

5. We were unable to obtain the information from SMSB.

Query Letter Contents :

We refer to your announcement dated 8 November 2000 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release :-
(1) The net book value of The Said Land based on Synergy Merge Sdn. Bhd.
("SMSB")'s last audited accounts.
(2) Salient features of the conditional Sale And Purchase Agreement and the
valuation report.
(3) Brief details of SMSB.
(4) Particulars of all liabilities to be assumed by your Company arising from
the Proposed Acquisition.
(5) SMSB's original cost of investment in The Said Land and the date of such
investment.

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

Yours faithfully

TAN YEW ENG
Senior Manager, Listing Operations
LPY/zm
copy to :- Securities Commission (via fax)



Announcement Info

Company NameMEGA PASCAL BERHAD  
Stock Name MPASCAL    
Date Announced15 Nov 2000  
CategoryGeneral Announcement
Reference NoMP-001115-60935

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