| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | GG-121019-62831 |
| Subject | DRB-HICOM BERHAD ("DRB-HICOM" OR "COMPANY")
PROPOSED DISPOSAL OF THE ENTIRE BUSINESS, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF HICOM POWER SDN BHD (“HICOM POWER”) (SAVE FOR CERTAIN EXCLUDED ASSETS AND EXCLUDED LIABILITIES) TO STERLING ASIA SDN BHD (“STERLING ASIA”) FOR A CASH CONSIDERATION OF RM575,000,000 (“PROPOSED DISPOSAL”) |
| Description | Unless stated otherwise, the abbreviations used hereafter throughout this announcement shall have the same meanings as defined in the announcement dated 18 October 2012 in relation to the Proposed Disposal (“Announcement”).
Reference is made to Bursa Malaysia Securities Berhad’s letter dated 22 October 2012 under reference GG-121019-62831 in relation to the Announcement ("Query Letter").
We, HLIB and AmInvestment, on behalf of DRB-HICOM, furnish herewith the following additional information for public disclosure. |
| Query Letter Contents | We refer to your announcement dated 18 October 2012, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:
Salient terms of the O&M Agreement and O&M Sub-Contract.
Rationale for having the deferred payment arrangement.
Basis in arriving at the net income on disposal of RM446.2 million.
Reasons for the declined in net assets for 31 March 2011 and 31 March 2010.
Reasons for the increased in capacity factors in 2012 and what are the other
considerations or factors that will affect the capacity factors.
Please furnish Bursa Securities with your reply within one (1) market day fom
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/TGG
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax) |
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