VIS

0.385

(%)

ACQUISITION OF 3 PIECES OF LEASEHOLD INDUSTRIAL LANDS ("LANDS") BY VISDYNAMICS RESEARCH SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF VISDYNAMICS HOLDINGS BERHAD ("ACQUISITION")

VISDYNAMICS HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18112020-00001
Subject ACQUISITION OF 3 PIECES OF LEASEHOLD INDUSTRIAL LANDS ("LANDS") BY VISDYNAMICS RESEARCH SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF VISDYNAMICS HOLDINGS BERHAD ("ACQUISITION")
Description
VISDYNAMICS HOLDINGS BERHAD ("VISDYNAMICS") OR ("THE COMPANY")
- ACQUISITION OF THREE (3) PIECES OF LEASEHOLD INDUSTRIAL LANDS BY VISDYNAMICS RESEARCH SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Query Letter Contents

We refer to your Company’s announcement dated 17 November 2020, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The proposed use of the Lands. If the Lands are intended to be developed, to also disclose the additional details as required under item 4, Part C of Appendix 10A of the ACE Market Listing Requirements.
2) The breakdown of the sources of funding for the Acquisition.
3) The prospects of the Lands.
4) To name the authorities whose approvals are required to be obtained, and state the estimated time frame for submission of the application to such authorities.

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)

We refer to the announcement made on 17 November 2020 and query letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 18 November 2020 (Reference Number: IQL-18112020-00001) pertaining to the Acquisition.


The Board of Directors of VisDynamics are pleased to attach herewith the reply to Bursa Securities.


This announcement is dated 19 November 2020.



Please refer attachment below.



Announcement Info

Company Name VISDYNAMICS HOLDINGS BERHAD
Stock Name VIS
Date Announced 19 Nov 2020
Category General Announcement for PLC
Reference Number GA1-18112020-00044