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Proposed acquisitions of entire equity interest in Sungai Wang Plaza Sdn Bhd ("SWP") and Sungai Wang Holdings Sdn Bhd ("SWH") ("Proposed Acquisitions")

NETX HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-09092021-00001
Subject Proposed acquisitions of entire equity interest in Sungai Wang Plaza Sdn Bhd ("SWP") and Sungai Wang Holdings Sdn Bhd ("SWH") ("Proposed Acquisitions")
Description
NETX HOLDINGS BERHAD 
- PROPOSED ACQUISITIONS OF ENTIRE EQUITY INTEREST IN SUNGAI WANG PLAZA SDN BHD AND SUNGAI WANG HOLDINGS SDN BHD
Query Letter Contents

We refer to your Company’s announcement dated 3 September 2021 in respect of the aforesaid matter.
 

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

  1. Net book values of the 2 retail units owned by SWP (“SWP Properties”) and 4 retail units owned by SWH (“SWH Properties”) (collectively referred to as Properties) based on their respective latest audited accounts.
  2. The postal address or identification (lot, title number, relevant mukim, district and state) of the SWP Properties and SWH Properties.
  3. The age and approximate sizes of the Properties.
  4. The terms of tenure of the Properties, if leasehold, the expiry dates of the lease.
  5. The existing and proposed use of the Properties. If currently let out or is proposed to be let out, the details of the rentals and the rental income or expected rental income per month or per annum.
  6. The encumbrances of the SWP Properties and SWH Properties, if any.
  7. The method of valuations carried out by W M Malik & Kamaruzzaman Sdn Bhd on the SWP Properties and SWH Properties respectively.
  8. The sources of funds by NETX Holdings Berhad (“Netx”) for payment of the debt/liabilities to be assumed by Netx arising from the Proposed Acquisitions.
  9. The prospects of the Properties.

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 below attachment for the Company's reply to the Bursa's query dated 9 September 2021. 

 

This announcement is dated 9 September 2021.



Please refer attachment below.



Announcement Info

Company Name NETX HOLDINGS BERHAD
Stock Name NETX
Date Announced 09 Sep 2021
Category General Announcement for PLC
Reference Number GA1-09092021-00099




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