PROPOSED SALE AND LEASEBACK AGREEMENT ENTERED INTO BETWEEN JADI IMAGING TECHNOLOGIES SDN BHD, THE WHOLLY-OWNED SUBSIDIARY OF JADI IMAGING HOLDINGS BERHAD ("JADI") AND TROPICAL FAIRYLAND SDN BHD ("TFSB")

We refer to your Company’s announcement dated 28 June 2017, in respect of the aforesaid matter.

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

1.Basis in arriving at the Sale Consideration of RM23 million as well as the rental rate (i.e. based on the gross rental yield of 6.25% over the Sale Consideration of RM23 million) respectively;

2. Whether any valuation was carried out on the Said Property, if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value. If no, to provide the benchmarks used in deriving at the market value of the Property;

3. Interest saving per annum arriving from repayment of bank borrowings;

4. Breakdown of working capital and the estimated timeframe; and

5. Breakdown of estimated expenses relating to Proposed Disposal.

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

Yours faithfully,

HENG TECK HENG
Vice President, Issuers
Listing

Regulation
 

TGG

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