Company Announcement: HOCK SENG LEE BERHAD

PURCHASE OF INDUSTRIAL LAND FOR SHIP BUILDING OPERATION

The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that HSL Hydro Sdn Bhd (“HSL Hydro”), a wholly owned subsidiary of HSL has on 16 February 2008 accepted the offer from Sarawak Timber Industry Development Corporation (“STIDC”) to purchase a 48.43 acre plot of leasehold industrial land at Lot 1434, Block12, Buan Land District, Bandar Baru Tanjung Manis for a total cash consideration of RM9,493,248.60. The Land is to be acquired free from all encumbrances. Read more

(KLSE 18-2-2008)