Proposed Disposal of Certain Subsidiaries of Reliance Pacific Berhad For A Sale Consideration Of RM52.23 Million

BackJan 27, 2011
Date Announced
:
 27/01/2011  




Type
:
 Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
:
 YL-110126-43697
Subject
:
RELIANCE PACIFIC BERHAD (“RPB” OR “THE COMPANY”)

PROPOSED DISPOSAL OF CERTAIN SUBSIDIARIES OF RELIANCE PACIFIC BERHAD FOR A SALE CONSIDERATION OF RM52.23 MILLION

Contents
:
We refer to our announcement dated 24 January 2011 and the query letter from Bursa Malaysia Securities Berhad dated 26 January 2010 requesting for additional information in relation to the Proposed Disposal.

On behalf of the Board, OSK wishes to announce the additional information in relation to the Proposed Disposal is set out in the attachment below:

Query Letter
content
:
We refer to your Company's announcement dated 24 January 2011 in respect of the
above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. The principal markets for the services rendered by Reliance Shipping &
Travel Agencies Sdn Berhad and its subsidiaries, Reliance Sightseeing Sdn Bhd
and its subsidiaries, RPB Travel Holdings Sdn Bhd and its subsidiaries and
Layang Layang Island Resort Sdn Bhd.
2. The amount transacted with Reliance College Sdn Bhd and Reliance Computer
Centre Sdn Bhd in relation to the provision of education and training, and
ticketing services respectively.
3. The quarterly results for financial period ended 30 September 2010 of the
following companies and the explanation for the fluctuation in turnover or
profits:-
(i) RSTA Group,
(ii) Reliance Sightseeing Group,
(iii) RPB Travel Group; and
(iv) Layang Layang Island Resort Sdn Bhd
4. The details of the rentals and rental income per month or per annum for
units nos.T082 and T083 of the Sungai Wang Property.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/YLS
c.c.General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

Attachments

  1. Reliance270111.pdf (Size: 33,928 bytes)
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