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Bursa Updates
| Date Announced: |
29/12/2009 |
| Subject: |
HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
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NOTICE TO SHAREHOLDERS OF HO HUP IN RELATION TO THE FOLLOWING:- |
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(a) |
PROPOSED DISPOSAL BY HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP") OF ALL THAT PIECE OF FREEHOLD VACANT LAND HELD UNDER LOT NO. P.T. 4150, H.S.(D) 812, MUKIM OF CHERAS, DISTRICT OF HULU LANGAT, STATE OF SELANGOR MEASURING APPROXIMATELY 5.5 ACRES TO KENTLEE (M) SDN. BHD. FOR A CASH CONSIDERATION OF RM7,200,000; AND |
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(b) |
PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN. BHD., A 70%-OWNED SUBSIDIARY OF HO HUP, OF ALL THAT PIECE OF FREEHOLD VACANT LAND HELD UNDER LOT NO. 39868, GERAN 53418, MUKIM OF PETALING, DISTRICT OF KUALA LUMPUR, STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR MEASURING APPROXIMATELY 2.6 ACRES TO ETNIK MASYHUR SDN. BHD. (NOW KNOWN AS LIFOMAX LAND SDN. BHD.) FOR A CASH CONSIDERATION OF RM5,678,046. |
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(COLLECTIVELY REFERRED TO AS "PROPOSED DISPOSALS") |
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| Contents: |
Further to the Circular to Shareholders issued by the Company on 16 December 2009 in relation to the Proposed Disposals, the Board of Directors of Ho Hup would like to make some clarification on the notice issued by a shareholder of Ho Hup, Low Chee & Sons Sdn. Bhd. ("LCS") in The Star and Sin Chew Daily newspapers on 25 and 28 December 2009 and an interview with Datuk Low Tuck Choy, a shareholder of LCS by The Edge Financial Daily published on 28 December 2009.
A copy of the clarification is enclosed for your reference.
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