Company announcements: HYTEXIN

HYTEXIN - HYTEX INTEGRATED BERHAD (“HYTEXIN”OR “THE COMPANY”) - JOINT VENTURE WIND FARM AGREEMENT BETWEEN HYTEX INTEGRATED (SUZHOU) CO. LTD. ("HISCL") AND SHENZHEN TIMAR SCENERY ENERGY TECHNOLOGY CO. LTD. ("STSET")

Announcement Type: General Announcement

Company Name	HYTEX INTEGRATED BERHAD
Stock Name	HYTEXIN
Date Announced	15 Feb 2013
Category	General Announcement
Reference No	CK-130215-68386

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	IJ-130214-39803
Subject	HYTEX INTEGRATED BERHAD (“HYTEXIN”OR “THE COMPANY”) - JOINT VENTURE WIND FARM AGREEMENT BETWEEN HYTEX INTEGRATED (SUZHOU) CO. LTD. ("HISCL") AND SHENZHEN TIMAR SCENERY ENERGY TECHNOLOGY CO. LTD. ("STSET")
Description	HYTEX INTEGRATED BERHAD (“HYTEXIN”OR “THE COMPANY”) - JOINT VENTURE WIND FARM AGREEMENT BETWEEN HYTEX INTEGRATED (SUZHOU) CO. LTD. ("HISCL") AND SHENZHEN TIMAR SCENERY ENERGY TECHNOLOGY CO. LTD. ("STSET")
Query Letter Contents	We refer to the Company's announcement dated 8 February 2013, 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:- The directors and major shareholders of STSET and their respective shareholdings; The information on STSET's business for the past 3 years and the commencement date of its business; To elaborate/define the "Maglev Wind Farm of 20MW to 49MW", its purpose of use and the principal markets; To clarify on how will Hytex Group benefit and generate income from the Wind Farm Project; Detail information on the technology support to be provided by STSET to HISCL for the Project; The approvals required for the Wind Farm Project; The total cost for the Wind Farm Project; The breakdown of the investment outlay in the Joint Venture by HISCL, STSET and the Venture Capitalists and foreign investors, where applicable; The identity of the Venture Capitalist and foreing investors, and their roles in the Wind Farm Project; The source of funds by HISCL for its investment of RMB500 million in the Joint Venture and the breakdown thereof; The terms of cost and profit sharing between the Joint Venture partners for the Project; The rationale for STSET to enter into the Joint Venture Agreement with HISCL given that HISCL do not posses any expertise in the areas of Wind Farm/Wind Turbines; The expected date of completion of the Project; Overview and prospects of the Wind Farm Project in China; Whether HISCL has the equipment, personnel capacity and other resources to undertake the Project; and The specific factors being considered by the Board in forming its opinion that the Joint Venture is in the best interest of the Group. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully IRWAN JOHARI Senior Manager, Issuers Listing Division Regulation c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax)
Please refer to the attachments.

Attachments China Renewable Energy.pdf 185 KB Hytexin-Reply to Query.pdf 13 KB

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