PROPOSED DISPOSAL OF A PROPERTY BY OPEN ADVENTURE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF VORTEX CONSOLIDATED BERHAD TO CLASSIC BLOSSOM SDN BHD ("PROPOSED DISPOSAL")
VORTEX CONSOLIDATED BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-17032020-00001 |
Subject | PROPOSED DISPOSAL OF A PROPERTY BY OPEN ADVENTURE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF VORTEX CONSOLIDATED BERHAD TO CLASSIC BLOSSOM SDN BHD ("PROPOSED DISPOSAL") |
Description | VORTEX CONSOLIDATED BERHAD ("VCB" OR "THE COMPANY") AND ITS SUBSIDIARIES (THE GROUP) Proposed Disposal of a Property by Open Adventure Sdn. Bhd., a wholly-owned subsidiary of VCB Classic Blossom Sdn. Bhd. |
Query Letter Contents | We refer to your Company’s announcement dated 16 March 2020, in respect of the aforesaid matter. 1) To clarify whether the Proposed Disposal also entails disposal of the land held under H.S. (D) 102253, PT 16067, Mukim of Damansara, District of Petaling, Selangor (“Land”), or only the semi detached factory (“Factory”) built thereon. 6) Effect of the expected gain of RM1.8 million on the earnings per share of the Group. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Cc : Market Surveillance Dept. , Securities Commission (via fax) |
The Board of Directors of VCB (“Board”) wishes to announce that it had on 17 March 2020 received a query from Bursa Malaysia Securities Berhad for additional information in respect of the announcement made on 16 March 2020 pertaining to the Proposed disposal of a property by Open Adventure Sdn Bhd, a wholly-owned subsidiary of VCB to Classic Blossom Sdn Bhd.
Please refer to the attachment for full text of our reply.
This announcement is dated 18 March 2020. |
Please refer attachment below.
Announcement Info
Company Name | VORTEX CONSOLIDATED BERHAD |
Stock Name | VC |
Date Announced | 18 Mar 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-18032020-00059 |