HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
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PROPOSED DISPOSAL OF PROPERTY BY BUKIT JALIL DEVELOPMENT SDN. BHD., A 70%-OWNED SUBSIDIARY OF THE COMPANY TO ACTION MASTER SDN. BHD. ("PROPOSED DISPOSAL")
Contents:
We refer to the announcement dated 16 December 2009 and the query dated 17 December 2009 received from Bursa Malaysia Securities Berhad ("Queries").
On behalf of the Board of Directors of Ho Hup, AFFIN Investment Bank Berhad hereby reply to the Queries. Further details are as set out in the attachment below.
This announcement is dated 22 December 2009.
Query Letter content:
We refer to your announcement dated 16 December 2009, in respect of the
aforesaid Proposed Acquisition.
In this connection, kindly furnish Bursa Malaysia Securities Berhad with the
following additional information for public release:
Information as prescribed under item 4, Part C, Appendix 10A of the Main Market
Listing Requirements ;
The existing use of the land;
Justification for the premium of 51.41% for the consideration; and
The effect of the Proposed Disposal on the earnings per share of the Company.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
