SIAB

0.120

-0.005 (-4%)

PROPOSED ACQUISITION OF ONE PARCEL OF LEASEHOLD VACANT INDUSTRIAL LAND HELD UNDER INDIVIDUAL TITLE KNOWN AS PM432 LOT 13833, TEMPAT BATU 34, JALAN DENGKIL/BANTING, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR ("PROPERTY") BY SIAB (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SIAB HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4,331,053 ("PROPOSED ACQUISITION")

SIAB HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-20092022-00001
Subject PROPOSED ACQUISITION OF ONE PARCEL OF LEASEHOLD VACANT INDUSTRIAL LAND HELD UNDER INDIVIDUAL TITLE KNOWN AS PM432 LOT 13833, TEMPAT BATU 34, JALAN DENGKIL/BANTING, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR ("PROPERTY") BY SIAB (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SIAB HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4,331,053 ("PROPOSED ACQUISITION")
Description
SIAB HOLDINGS BERHAD ("SIAB" OR "THE COMPANY") - PROPOSED ACQUISITION
Query Letter Contents

We refer to your Company’s announcement dated 15 September 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by Siab (M) Sdn Bhd and/or Siab Holdings Berhad arising from the Proposed Acquisition. 
2) Whether any valuation was carried out on the Property, and if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value. 
3) The expected commencement and completion dates of construction of storage facility on the Property (“Construction”).
4) Details of the relevant approval(s) required for the Construction, and the expected dates of submission and approvals.

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)

Please refer to the attachment for details of the announcement.



Please refer attachment below.



Announcement Info

Company Name SIAB HOLDINGS BERHAD
Stock Name SIAB
Date Announced 21 Sep 2022
Category General Announcement for PLC
Reference Number GA1-21092022-00054