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DISPOSAL OF SHARES IN KARYON INDUSTRIES BERHAD (DISPOSAL)

ASIA POLY HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-20102021-00004
Subject DISPOSAL OF SHARES IN KARYON INDUSTRIES BERHAD (DISPOSAL)
Description
ASIA POLY HOLDINGS BERHAD ("Asia Poly" or ("the Company")
Query Letter Contents

We refer to your Company’s announcement dated 18 October 2021, in respect of the aforesaid matter.


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

 

1.     The details of and the breakdown of the working capital, including the timeframe for full utilisation of proceeds.

 

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 made reference to the query letter dated 20 October 2021 in relation to the Disposal. Please be informed that Section 6 of the announcement dated 18 October 2021 in relation to the  Disposal shall read as follows :

 

6. APPLICATION OF SALE PROCEEDS 

 

The Disposal was carried on since May 2021 and the Company had utilised RM6.0 Million  out of the proceeds for the investment in quoted shares. The balance of the proceeds of approximately RM2.2 Million will be utilised for other investment to be identified within the next 6 months.

 

This announcement is dated 22 October 2021.

 





Announcement Info

Company Name ASIA POLY HOLDINGS BERHAD
Stock Name ASIAPLY
Date Announced 22 Oct 2021
Category General Announcement for PLC
Reference Number GA1-21102021-00012




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