We refer to your Company’s announcement dated 28 September 2020, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) The name of directors and substantial shareholders of PMBKS together with their respective shareholdings.
2) Description of the Business Assets.
3) Further information on the Plantation Lands, including but not limited to the net book value based on the latest financial statement and whether any valuation was carried out; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.
4) Basis and justification on how to arrive at the purchase price of RM6,573.07 per acre.
5) To define the Outstanding Sum, Redemption Sum and Retention Sum and to explain in what circumstances the Consideration shall be subject to the deduction of the Outstanding Sum, Redemption Sum and Retention Sum.
6) Other salient terms of the SBA, in particular on the liabilities to be assumed by FIMACOR and to confirm whether the settlement of the amount due and owing to CIMB Islamic Bank Berhad and Yayasan Islam Kelantan shall be formed part of the payment to the Consideration of RM51.5 million.
7) The source of funds for the Consideration, Outstanding Sum, Redemption Sum, Retention Sum and/or the settlement of the amount due as well as the costs incurred for new development.
8) The financial effects on the gearing assuming all the payments / costs incurred are financed by the bank borrowings.