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Further to our announcement on 30 August 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 25 November 2005, a further extension of time from 1 November 2005 until 31 January 2006 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”).
The Board has identified several options on the proposed steps to be undertaken by the Company to comply with Paragraph 8.16(A) of LR and is currently in the process of finalisation on the option to pursue. A detailed announcement on 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 proposed steps being finalised and entered into.
This announcement is dated 28 November 2005.