|JOHORE TIN BERHAD|
|Type||Reply to Query|
|Reply to Bursa Malaysia’s Query Letter – Reference ID||IQL-20092019-00001|
|Subject||ADDITIONAL SUBSCRIPTION OF SHARES IN ABLE DAIRIES DE MEXICO (“ABLE DAIRIES MEXICO”), BY ABLE DAIRIES SDN. BHD. (“ADSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY (“ADDITIONAL SUBSCRIPTION”)|
Additional Information required by Bursa Malaysia Securities Berhad ("Bursa Securities")
for Public Release in respect to Johore Tin Berhad ("the Company")'s Announcement dated
10 & 18 September 2019 on the matter of the Additional Subscription of Shares in Able Dairies
De Mexico ("Able Dairies Mexico") by Able Dairies Sdn. Bhd. ("ADSB"), a wholly-owned
subsidiary of the Company
|Query Letter Contents||We refer to your Company’s announcements dated 10 and 18 September 2019, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) Reason for the delay of up to 2 weeks to make an immediate announcement in respect of the Additional Subscription by ADSB on 3 September 2019.
2) Basis and justification in arriving at the amount of USD5,589,427.43 for the Additional Subscription.
3) The name of all the shareholders of Able Dairies Mexico for the ordinary and nominative shares and their respective shareholdings before and after the Additional Subscription.
4) Net profit and net assets of Able Dairies Mexico based on the latest audited financial statements.
5) Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by your Company arising from the Additional Subscription.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Reference is made to the Announcements dated 10 & 18 September 2019 on the Additional Subscription of Shares in Able Dairies Mexico, by ADSB wholly-owned Subsidiary of Johore Tin Berhad (“JTB”).
This Announcement is dated 23 September 2019.
Please refer attachment below.
|Company Name||JOHORE TIN BERHAD|
|Date Announced||23 Sep 2019|
|Category||General Announcement for PLC|