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KUCHAI DEVELOPMENT BERHAD (“Kuchai” or “Company”) Minimum share capital requirement pursuant to paragraph 8.16(A) of the Listing Requirements

KUCHAI DEVELOPMENT BERHAD

Type

Announcement
SubjectKUCHAI DEVELOPMENT BERHAD (“Kuchai” or “Company”)
Minimum share capital requirement pursuant to paragraph 8.16(A) of the Listing Requirements

Contents :

Further to our announcement on 29 April 2005, Hwang-DBS Securities Berhad, on behalf of the Board of Directors of Kuchai (“Board”) wishes to announce that Bursa Malaysia Securities Berhad has granted, vide its letter dated 9 June 2005, a further extension of time from 1 June 2005 until 31 July 2005 to enable the Company to make announcement and submission of proposed corporate exercises to comply with Paragraph 8.16(A) of the Listing Requirements (“LR”).


With reference to the announcement made on 31 March 2005, the Company has entered into a Memorandum of Understanding (“MOU”) with The Nyalas Rubber Estates Limited (“Nyalas”) in regards to the proposed acquisition of an oil palm and rubber estate measuring 813.6926 hectares situated at Mukim of Nyalas, District of Jasin, Melaka and Mukim of Ayer Kuning, District of Tampin, Negeri Sembilan by the Company from Nyalas for an agreed purchase consideration of RM40,000,000 (“Estate Transaction”). Pursuant to the entry of MOU on 31 March 2005, the Company is currently in the process of finalising the details of binding formal agreements on the Estate Transaction with Nyalas (“Formal Agreements”). A detailed announcement on the Estate Transaction and the proposed steps to be undertaken by the Company to comply with Paragraph 8.16(A) of LR will be made in due course pursuant to the definitive Formal Agreements on the above and the proposed steps being finalised and entered into.

This announcement is dated 10 June 2005.



Announcement Info

Company NameKUCHAI DEVELOPMENT BERHAD  
Stock Name KUCHAI    
Date Announced10 Jun 2005  
CategoryGeneral Announcement
Reference NoOD-050610-66072


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