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INVESTMENT IN TOP STANDARD CORPORATION ("TOP STANDARD") VIA PROPOSED SUBSCRIPTION OF 192 MILLION NEW SHARES AT HK$0.077 PER SUBSCRIPTION SHARES (PROPOSED SUBSCRIPTION)

FOCUS DYNAMICS GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-15102020-00002
Subject INVESTMENT IN TOP STANDARD CORPORATION ("TOP STANDARD") VIA PROPOSED SUBSCRIPTION OF 192 MILLION NEW SHARES AT HK$0.077 PER SUBSCRIPTION SHARES (PROPOSED SUBSCRIPTION)
Description
FOCUS DYNAMICS GROUP BERHAD ("FOCUS" OR THE "COMPANY")
- Investment in Top Standard Corporation ("Top Standard") via Proposed Subscription of 192 Million New Shares at Hk$0.077 Per Subscription Shares ("Proposed Subscription")
Query Letter Contents

We refer to your Company’s announcement dated 13 October 2020, in respect of the aforesaid matter.


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1.       The net profits and net assets of the Top Standard based on its latest audited financial statements.

2.       The manner in which the consideration will be satisfied including the terms of any arrangement for payment on a deferred basis and where the purchase consideration is to be satisfied by cash, the sources of funding and its breakdown.

3.       The particulars of contingent liabilities and guarantees to be assumed by the Focus Dynamics Group Berhad (“Focus”), arising from the Proposed Subscription.

4.       The prospects of Top Standard.

5.       The effect of the Proposed Subscription on Focus, which includes the effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ direct and/or indirect shareholding of Focus, in tabular form.

6.       The estimated time frame to complete the Proposed Subscription.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,

 


LISTING

REGULATION

 

copy : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the Company’s announcement dated 13 October 2020 and the queries from Bursa Malaysia Securities Berhad dated 15 October 2020 (“Queries”) in relation to the same.

 

The Company wishes to provide the following additional information pursuant to the Queries.

 

This announcement is dated 16 October 2020.



Please refer attachment below.



Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 16 Oct 2020
Category General Announcement for PLC
Reference Number GA1-16102020-00045




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