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We refer to your announcement dated 22 November 2010 in respect of the
abovementioned matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with following additional information for public release : -
1. The option period of the call option exercisable by Salcon Asia in relation
to the 1 share held by Salcon Berhad ("Salcon") in each of the HK Subsidiaries.
2. The value placed on each of the Concessions held by the HK Subsidiaries,
based on the Discounted Cash-Flow method of valuation, and justifications for
the disposal consideration.
3. The effect of the Proposed Disposal on the earnings per share of Salcon
Group for financial year ending 31 December 2011.
4. The audited financial information (past 3 years or since incorporation,
whichever is the later) and the latest interim results, stating turnover,
profit before tax and profit after tax and minority interest of Salcon Linyi
(HK) Limited and Salcon Zhejiang (HK) Limited, and explanation for any material
fluctuation in turnover or profits in any of the years.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/YLS
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax) |
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