ANZO

0.050

-0.005 (-9.1%)

SUPPLY AGREEMENT ENTERED BY THE ANZO TRADING SDN BHD ("ATSB") WITH JAYA JUTAWAN SDN BHD ("JJSB")

ANZO HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-26022021-00002
Subject SUPPLY AGREEMENT ENTERED BY THE ANZO TRADING SDN BHD ("ATSB") WITH JAYA JUTAWAN SDN BHD ("JJSB")
Description
ANZO HOLDINGS BERHAD ("ANZO" OR "THE COMPANY")

SUPPLY AGREEMENT ENTERED BY THE ANZO TRADING SDN BHD WITH JAYA JUTAWAN SDN BHD
Query Letter Contents

We refer to ANZO’s announcement dated 25 February 2021 in respect of the aforesaid matter.
 

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

 

1)The relationship between ATSB and ANZO.

2)As the principle business activities of ATSB are sawmilling and marketing of sawn timber, to clarify on how                    ATSB to undertake the supply of the Products and whether it has the expertise and capacity to do so.

3)The source of supply (whether locally or overseas) and name of suppliers for the Products.

4)Whether ATSB/ ANZO Group has entered into any long term agreements for the procurement of the Products                in order to honour the Supply Agreement. If yes, please provide the full details of such agreement.                                 Otherwise, please justify how will ATSB/ ANZO Group ensure uninterrupted supply of Products to JJSB and                   the source of the Products.

5)To quantify the total investment outlay or financial commitment required to undertake the Supply Agreement                   together with the source of funds.

6)The basis and justification on how the price of RM5,000 per metric tonne is derived from other than willing                      buyer-willing seller basis.

7)Salient terms of the Supply Agreement, including but not limited to, effective date for the supply term of 60                    months (including the commencement and cessation date), payment terms, termination clause and                                compensation clause in the event of non-fulfillment of the parties’ obligations.

8)Background information on JJSB, including date of incorporation, commencement date of business, principal                 activities of business, issued share capital, name of directors and substantial shareholders together with their               shareholdings.

9)The risks in relation to the Supply Agreement including whether any relevant regulatory approval is required for             Supply Agreement.

10)Based on the estimated total contract value of RM450,000,000, please state the expected profit contribution to the       Group and the basis in deriving at. 

11)Further clarification and justification as to how the Supply Agreement will create business opportunities in the                 export market for ANZO Group.

12)Whether the Supply Agreement signifies the proposed diversification in business operations to ANZO Group                  pursuant to Paragraph 10.13 of the Main Market Listing Requirements.

 

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

 

Yours faithfully

 

 

Listing

Regulation

 

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

 

We refer to the letter from Bursa Malaysia Securities Berhad dated 26 February 2021 with regards to our Company’s announcement dated 25 February 2021.

 

Unless otherwise defined, the terms used herein shall have the same meaning as defined in the announcement dated 25 February 2021 in relation to Anzo Trading Sdn Bhd ("ATSB") has entered into a supply agreement with Jaya Jutawan Sdn Bhd ("JJSB"), of which JJSB has agreed to purchase Aluminium Used Beverage Cans ("the Product") from ATSB ("Supply Agreement"). The Board wishes to furnish additional information pertaining to the Supply Agreement as stated in the attachment.

 

Please refer to the attachment for the additional information.

 

This announcement is dated 1 March 2021.

 

Please refer attachment below.

 

 

 

.

 



Please refer attachment below.



Announcement Info

Company Name ANZO HOLDINGS BERHAD
Stock Name ANZO
Date Announced 01 Mar 2021
Category General Announcement for PLC
Reference Number GA1-24022021-00012