(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”)(IV) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION")(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Contents:
On behalf of the Board of Directors of HELP International Corporation Berhad (“HIC”) (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce the following proposals:-(i) Proposed shareholders’ ratification for transactions already entered into from 22 May 2007, i.e. the date of listing of the Company (“Listing Date”) until its forthcoming extraordinary general meeting (“EGM”) (“Proposed Ratification”);(ii) Proposed shareholders’ mandate for recurrent related party transactions (“RRPTs”) of a revenue or trading nature (“Proposed Shareholders’ Mandate”);(iii) Proposed acquisition 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”) of all that parcels of leasehold land measuring approximately 1,014,512.40 square feet (23.29 acres) all in Seksyen U4 (Subang Delima), Mukim of Sungai Buloh, District of Petaling, State of Selangor (“Lands”) for a total cash consideration of RM20,290,248 (“Proposed Acquisition”); and(iv) Proposed adoption of new Articles of Association of HIC (“Proposed Adoption”).(Collectively known as the “Proposals”).Further details of the Proposals are enclosed in the attachment below. This announcement is dated 14 March 2008.
Contents:
On behalf of the Board of Directors of HELP International Corporation Berhad (“HIC”) (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce the following proposals:-(i) Proposed shareholders’ ratification for transactions already entered into from 22 May 2007, i.e. the date of listing of the Company (“Listing Date”) until its forthcoming extraordinary general meeting (“EGM”) (“Proposed Ratification”);(ii) Proposed shareholders’ mandate for recurrent related party transactions (“RRPTs”) of a revenue or trading nature (“Proposed Shareholders’ Mandate”);(iii) Proposed acquisition 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”) of all that parcels of leasehold land measuring approximately 1,014,512.40 square feet (23.29 acres) all in Seksyen U4 (Subang Delima), Mukim of Sungai Buloh, District of Petaling, State of Selangor (“Lands”) for a total cash consideration of RM20,290,248 (“Proposed Acquisition”); and(iv) Proposed adoption of new Articles of Association of HIC (“Proposed Adoption”).(Collectively known as the “Proposals”).Further details of the Proposals are enclosed in the attachment below. This announcement is dated 14 March 2008.
(KLSE 14-3-2008)
