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HELP INTERNATIONAL CORPORATION BERHAD ("HIC" OR THE "COMPANY")(I) PROPOSED SHAREHOLDERS' RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED RATIFICATION”);(II) PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS’ MANDATE");(III) PROPOSED ACQUISITION OF LANDS MEASURING APPROXIMATELY 1,014,512.40 SQUARE FEET (23.29 ACRES) LOCATED IN THE MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR BY HELP UNIVERSITY COLLEGE SDN BHD (“HUC” OR THE “PURCHASER”), A WHOLLY OWNED SUBSIDIARY OF HIC FROM JUTA PERMAI (M) SDN BHD (“JPSB” OR THE “VENDOR”) FOR A TOTAL CASH CONSIDERATION OF RM20,290,248 (“PROPOSED ACQUISITION”); AND(IV) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION")(COLLECTIVELY KNOWN AS THE "PROPOSALS")Contents:
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement. This announcement should be read in conjunction with the earlier announcement made on 14 March 2008 pursuant to the Proposals.We refer to our announcement dated 14 March 2008 and to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 18 March 2008 with regards to the above matter.Further to the above, we are pleased to furnish herewith additional information pertaining to the abovementioned Proposals as follows:1. Whether the Directors, major shareholders and persons connected with them are interested in the Proposed Acquisition:-Please refer to Section 6 of our earlier announcement dated 14 March 2008.This announcement is dated 19 March 2008.
(KLSE 19-3-2008)
