BURSA ANNOUNCEMENTS
Acquisition of 49% of the Equity Interest of The Malaya Press Sdn. Bhd. (3379-P)["TMPSB"]
| UPA CORPORATION BHD |
| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | PY-000302-42789 |
| Subject | Acquisition of 49% of the Equity Interest of The Malaya Press Sdn. Bhd. (3379-P)["TMPSB"] |
Contents :
Further to the General Announcement on 8th March, 2000 pertaining to the above acquisition in TMPSB, we would like to amend the following statement in item 5 of the said Announcement to read as follows:-On Behalf of the Board,
(Executive Director)
c.c. Securities Commission
Query Letter Contents :
We refer to your announcement dated 21 February 2000.
In this connection, kindly furnish the Exchange for public release the
following:-
(1) A description of the business carried on by TMPSB.
(2) The name and details of the Vendor.
(3) The net tangible assets of TMPSB based on the latest audited accounts.
(4) Terms of payment for the remaining 90% of the consideration.
(5) The net profits of TMPSB based on the latest audited accounts.
(6) The effect of the Acquisition on the earnings per share and net tangible
assets per share of the Group.
(7) Whether the directors and substantial shareholders and/or persons connected
with a director or substantial shareholder, have any interest direct or
indirect, in the Acquisition and the nature and extent of their interests, and
for a connected person, the nature of the relationship with such director or
substantial shareholder, and the name of the connected person.
(8) Whether the Acquisition is subject to the approval of any relevant
government authorities.
(9) The salient features of the Sale and Purchase Agreement and valuation
report, if any, and the time and place where such documents may be inspected.
(10) Particulars of all liabilities to be assumed by the Company, arising from
the Acquisition.
(11) The original cost of investment to the Vendor and the date of such
investment.
(12) A statement by the Board of Directors stating whether or not the
Acquisition is in the best interest of the Company, and where a director
disagrees with such statement, a statement by the director setting out the
reasons and the factors taken into consideration in forming that opinion.
(13) The date on which the terms of the Acquisition were agreed upon.
(14) The weighted average market price for the equity share capital for the
five (5) market days prior to the date on which the terms of the Acquisition
were agreed upon.
Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.
Your faithfully
KUALA LUMPUR STOCK EXCHANGE
Lisa Lam
Senior Manager, Listing Operations
LPY/ne
c.c Securities Commission
Announcement Info
| Company Name | UPA CORPORATION BHD |
| Stock Name | UPA |
| Date Announced | 27 Mar 2000 |
| Category | General Announcement |
| Reference No | UC-000324-63875 |