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

BackJan 31, 2011
Date Announced
:
 31/01/2011  




Type
:
 Announcement
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
:
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 24 January 2011 in relation to the Proposed Disposal.

We refer to the announcement dated 24 January 2011 on the above.

Announcement Details :

On behalf of the Board of Directors of RPB, OSK Investment Bank Berhad wishes to announce that pursuant to Chapter 10.04(3)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following valuation reports have been submitted to Bursa Malaysia Securities Berhad on 31 January 2011:

(i) the valuation report of PD Land dated 13 January 2011 (the valuation was carried out on 13 January 2011) (“Valuation Report of PD Land”); and (ii) the valuation report of Sungei Wang Property dated 24 January 2011 (the valuation was carried out on 14 January 2011 respectively) (“Valuation Report of Sungei Wang Property”).

Please refer to the attachment for the salient details of the Valuation Report of PD Land and Valuation Report of Sungei Wang Property. DOCUMENTS FOR INSPECTION The Valuation Report of PD Land and Valuation Report of Sungei Wang Property are available for inspection during normal office hours at the registered office of RPB located at Block A, Unit A-5-3, Megan Avenue II, 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur from Mondays to Fridays (except public holidays) for a period of three (3) months from date of this announcement.

This announcement is dated 31 January 2011.

Attachments

  1. RPB310111.pdf (Size: 7,127 bytes)
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