DFCITY

0.280

(%)

SALE AND PURCHASE AGREEMENT BETWEEN HOCK HENG GRANITE SDN. BHD. AND VISTA ATLAS SDN. BHD. ("VISTA ATLAS") IN RESPECT OF PROPOSED DISPOSAL OF A CORNER LOT FACTORY LOCATED IN MUKIM BUKIT KATIL, DAERAH MELAKA TENGAH, MELAKA FOR A TOTAL CASH CONSIDERATION OF RM6,350,000.00

DFCITY GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13102023-00001
Subject SALE AND PURCHASE AGREEMENT BETWEEN HOCK HENG GRANITE SDN. BHD. AND VISTA ATLAS SDN. BHD. ("VISTA ATLAS") IN RESPECT OF PROPOSED DISPOSAL OF A CORNER LOT FACTORY LOCATED IN MUKIM BUKIT KATIL, DAERAH MELAKA TENGAH, MELAKA FOR A TOTAL CASH CONSIDERATION OF RM6,350,000.00
Description
Reply to Bursa Malaysia Securities Berhad's query dated 13 October 2023.
Query Letter Contents

We refer to DFCITY’s announcement dated 12 October 2023 in respect of the aforesaid matter.

 

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

 

1. Clarification on the funding ability of Vista Atlas to acquire the Property taking into consideration of its issued share capital of RM1.

2. The net book value of the Property based on the latest audited financial statement.

3. The existing use of the Property.

4. The age and approximate area of the office and factory buildings.

5. The operational impact to the Group given that the Property consist of office and factory buildings.

6. The details of the market value of the Property used as the basis to determine the disposal consideration given that no valuation was carried out on the Property.

7. The updated expected gain from the disposal of the Property based on the correct computation.

8. Further clarification on the reduction in the financial commitment of the Property arising from the disposal.

9. The details and breakdown of the working capital to be funded from the disposal proceeds.

 

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 Company's announcement dated 12 October 2023 in related to the Proposed Disposal and Bursa Malaysia Securities Berhad's Query Letter dated 13 October 2023 (Reference ID. IQL-13102023-00001). 

 

Please refer to the attachment on the Company's reply to the abovementioned Bursa Malaysia Securities Berhad's Query Letter. 

 

Ths announcement is dated 16 October 2023. 



Please refer attachment below.



Announcement Info

Company Name DFCITY GROUP BERHAD
Stock Name DFCITY
Date Announced 16 Oct 2023
Category General Announcement for PLC
Reference Number GA1-13102023-00012