| General Announcement |
| Reference No CU-070419-56535 |
| Company Name |
:
|
JOHORE TIN BERHAD |
| Stock Name |
:
|
JOHOTIN |
| Date Announced |
:
|
20/04/2007 |
 |
|
|
| Type | : | Reply to query |
| Reply to Bursa Malaysia’s Query Letter – Reference ID | : | AL-070419-36858 |
| Subject | : | ACQUISITION OF PROPERTY BY WHOLLY OWN SUBSIDIARY (“ACQUISITION”) |
Contents :
We refer to your query letter dated 19.4.2007 and the Board of Directors of Johore Tin Berhad wishes to announce the following additional information for App. 10A.
PART A: ADDITIONAL INFORMATION
Net Assets
The aggregate value of consideration was based on Net Assets as of 31 December 2006 (Unaudited Accounts).
Financial Information on the Assets
Not Applicable
Financial Effects of the Acquisition – Gearing
The acquisition is not expected to have any material impact on the gearing of JOHOTIN Group.
Original cost of investment to the vendor and the date of such investment
The Original cost of the investment to the Vendor was RM4,810,000.00 and the date of such investment was on 27 Feb. 2004 (Date of Sales and Purchase Agreement).
Date of Agreement
18 April 2007
The Prospects of the Assets
To expand further its manufacturing sectors and thus generate the desired growth to expand the business operation for the Group.
PART C: ADDITIONAL INFORMATION
Valuation
No professional valuation was arranged for purpose of proposed acquisition. The consideration was determined from information of prevailing land prices available in the market.
This Announcement is dated 20 April, 2007
Query Letter content :
We refer to your Company’s announcement dated 18 April 2007, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the additional
information as required under Part A and Part C of Appendix 10A, if applicable,
Appendix 10C of the Listing Requirement for public release.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Group Regulations
HTH/LAL
Copy to :- Mr Chung Tin Fah
Securities Commission (via fax)