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PROPOSED ACQUISITION BY HL ADVANCE TECHNOLOGIES (M) SDN. BHD. (HLA OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF HLT, OF A PARCEL OF LEASEHOLD LAND TOGETHER WITH AN OFFICE CUM FACTORY ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM16.25 MILLION (PROPOSED ACQUISITION)

HLT GLOBAL BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-20042021-00002
Subject PROPOSED ACQUISITION BY HL ADVANCE TECHNOLOGIES (M) SDN. BHD. (HLA OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF HLT, OF A PARCEL OF LEASEHOLD LAND TOGETHER WITH AN OFFICE CUM FACTORY ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM16.25 MILLION (PROPOSED ACQUISITION)
Description
HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY")
- PROPOSED ACQUISITION BY HL ADVANCE TECHNOLOGIES (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF HLT, OF A PARCEL OF LEASEHOLD LAND TOGETHER WITH AN OFFICE CUM FACTORY ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM16.25 MILLION
Query Letter Contents

We refer to your Company’s announcement dated 19 April 2021, in respect of the aforesaid matter.

 

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

 

1.       Whether any valuation was carried out on the Subject Property; if so, the name of the Independent registered valuer, date and method of valuation and quantification of the market value.

2.       The names of the Vendor’s directors and substantial shareholders, together with their direct and indirect shareholding.

3.       The estimated time frame for submission of the application to State of Selangor for its consent to the transfer of the Subject Property .

4.       Whether the Proposed Acquisition is subject to approval of the shareholders.

 

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

 

Yours faithfully,

 

 

LISTING

REGULATION

 

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

Please refer to the attachment for the full text of the Company's reply to Bursa Malaysia Securities Berhad. 

This announcement is dated 22 April 2021.


Please refer attachment below.



Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 22 Apr 2021
Category General Announcement for PLC
Reference Number GA1-22042021-00078




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