PROPOSED ACQUISITION OF LAND

HENG HUAT RESOURCES GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03012019-00002
Subject PROPOSED ACQUISITION OF LAND
Description
HENG HUAT RESOURCES GROUP BERHAD ("HENG HUAT" OR "COMPANY") 
PROPOSED ACQUISITION OF LAND
Query Letter Contents

We refer to your Company’s announcement dated 31 December 2018, in respect of the aforesaid matter.

 

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

 

1.        The net book value of the Land based on latest audited financial statements of the Vendor.

2.        The method of valuation performed on 21 December 2018 by Raine & Horne International Zaki +Partners Sdn Bhd on the Land.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,

 

TAN YEW ENG
Vice President, Issuers
Listing, Regulation

 

TYE/NZ

 

Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the announcement dated 31 December 2018 in relation to the Proposed Acquisition, the Board of Directors of the Company wishes to provide the additional information.

Please refer to the attachment for further details.

 

This announcement is dated 4 January 2019.



Please refer attachment below.



Announcement Info

Company Name HENG HUAT RESOURCES GROUP BERHAD
Stock Name HHGROUP
Date Announced 04 Jan 2019
Category General Announcement for PLC
Reference Number GA1-04012019-00073