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Reply To Bursa Malaysia Securities Berhad's Query Letter Dated 19 September 2024
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-19092024-00001 |
Subject | REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER DATED 19 SEPTEMBER 2024 |
Description | SARAWAK CONSOLIDATED INDUSTRIES BERHAD (SCIB OR THE COMPANY) - PROPOSED ACQUISITION OF ALL THAT PARCEL OF LAND AND APPURTENANCES THEREOF SITUATED AT BINTULU SIBIU ROAD, BINTULU CONTAINING AN AREA OF 2.49 HECTARES |
Query Letter Contents |
We refer to your Company's announcement dated18 September 2024, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) The information on the land pursuant to item 4, Part C of Appendix 10A of the Main Market Listing Requirements. 2) The details of the appurtenances attached to the land. 3) The detailed basis and justification to arrive at the purchase consideration, including but not limited to, the details of the condition of the land and the basis to determine the potential profitability from the proposed development on the land taking into consideration that no development plan has been determined todate. 4) The rationale to acquire the agricultural land when the intention of the Group is to develop the land into residential development. 5) The estimated financial commitment required for the conversion of the agricultural land into mixed development and the source of funds. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully, Listing Regulation Cc : Market Surveillance Dept. , Securities Commission (via fax) |
Reference is made to the letter dated 19 September 2024 from Bursa Malaysia Securities Berhad ("Bursa Securities") pertaining to announcement made by the Company on 18 September 2024. (Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.) The Board wishes to announce the following additional information as required by Bursa Securities via its letter (ref no: IQL-19092024-00001) dated 19 September 2024. Please refer to the attachment for the additional information. This announcement is dated 20 September 2024. Please refer attachment below. |
Announcement Info
Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
Stock Name | SCIB |
Date Announced | 20 Sep 2024 |
Category | General Announcement for PLC |
Reference Number | GA1-20092024-00044 |
Attachments
- SCIB_-_Reply_to_Bursa_Queries_-_to_Bursa_20240920.pdf (Size: 173,332 bytes)