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JOHOTIN

1.530

+0.02 (+1.3%)

ADDITIONAL SUBSCRIPTION OF SHARES IN ABLE DAIRIES DE MEXICO ("ABLE DAIRIES MEXICO"), BY ABLE DAIRIES SDN. BHD. ("ADSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("ADDITIONAL SUBSCRIPTION")

JOHORE TIN BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-20092019-00001
Subject ADDITIONAL SUBSCRIPTION OF SHARES IN ABLE DAIRIES DE MEXICO ("ABLE DAIRIES MEXICO"), BY ABLE DAIRIES SDN. BHD. ("ADSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("ADDITIONAL SUBSCRIPTION")
Description
Additional Information required by Bursa Malaysia Securities Berhad ("Bursa Securities") for Public Release in respect to Johore Tin Berhad ("JTB" or "the Company")'s Announcement dated 23 September 2019 on the matter of the Additional Subscription of Shares in Able Dairies De Mexico ("Able Dairies Mexico") by Able Dairies Sdn. Bhd. ("ADSB"), a wholly-owned subsidiary of the Company
Query Letter Contents

We refer to your Company’s announcements dated 10 and 18 September 2019, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1)      Reason for the delay of up to 2 weeks to make an immediate announcement in respect of the Additional Subscription by ADSB on 3 September 2019.

2)      Basis and justification in arriving at the amount of USD5,589,427.43 for the Additional Subscription.

3)      The name of all the shareholders of Able Dairies Mexico for the ordinary and nominative shares and their respective shareholdings before and after the Additional Subscription.

4)      Net profit and net assets of Able Dairies Mexico based on the latest audited financial statements.

5)      Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by your Company arising from the Additional Subscription.

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 Announcement dated 23 September 2019 on the Additional Subscription of Shares in Able Dairies Mexico, by ADSB a wholly-owned Subsidiary of JTB.

 

JTB wishes to furnish the additional information for Questions 2 and 3 as per Bursa Malaysia Securities Berhad’s letter dated 20 September 2019 for public release.

 

Please refer to the attachment for detailed of the announcement.

   

This Announcement is dated 24 September 2019.



Please refer attachment below.

Attachments

Reply Query to Bursa.pdf
193.8 kB



Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 24 Sep 2019
Category General Announcement for PLC
Reference Number GA1-24092019-00057