Articles entitled: "Jasa Kita confident of 10% sales growth despite fire setback"
|JASA KITA BERHAD|
|Reply to query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||LS-070926-43133|
|Subject||Articles entitled: "Jasa Kita confident of 10% sales growth despite fire setback"|
Contents :We refer to the letter (Ref: LS-070926-43133) dated 26 September 2007 from Bursa Malaysia Securities Berhad on the above matter.
We wish to clarify that the 10% sales growth quoted in the article on page B7 of StarBiz, The Star was mentioned as the Management’s target for the Group to achieve for financial year ending 31 March 2008 and not to be regarded as a sale forecast of the Group. The said target was set based on the past performances and current market conditions. The said sales target was set by the Management before the fire incident on 7 September 2007. However, there is no guarantee that the target can be met. The said target has not been reviewed by the Group’s auditors.
This announcement is dated 27 September 2007.
c.c. Securities Commission
Query Letter Contents :
We refer to the above article appearing in The Star,StarBiz, page B7 on
Wednesday, 26 September 2007, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:
"Jasa Kita is optimistic of a 10% growth in sales for the year ending March 31,
2008 despite a fire which destroyed more than a third of its factory and store
building and a substantial amount of inventory."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same, including the relevant bases and assumptions in
arriving at the above forecast.
Please furnish the Exchange with your reply within one (1) market day from the
c.c. Encik Chung Tin Fah, Securities Commission (via fax)
|Company Name||JASA KITA BERHAD|
|Date Announced||27 Sept 2007|