| Query Letter Contents | We refer to your Company's announcement dated 4 December 2014 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. The basis of the Company's decision that Hong Leong Capital Berhad ("HLCAP")
is a suitable quoted investment opportunity in view of the fact that HLCAP is
not in compliance with the public shareholding spread since 28 February 2013
and had on 26 August 2014 announced that Bursa Securities may exercise its
discretion to impose trading suspension of HLCAP shares in the event HLCAP
fails to comply with the public shareholding spread requirement.
2. To also provide further clarity as to how the investment in HLCAP would
enhance Rapid Synergy Berhad's shareholders value in long term taking into
consideration amongst others the possibilities of the suspension as noted in
(1) above.
3. To provide information on the risk relating to the possibility of the
suspension of trading of HLCAP shares and the relevant mitigating factors,
including investment risk and financial effect thereon.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
SUZALINA HARUN
Senior Vice President, Issuers
Listing Division
Regulation
copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax) |
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