LEONG HUP HOLDINGS BERHAD - Announcements

(e)
(f)
Other relevant information furnished to us by the management of LHHB; and
Other publicly available information.
We have not independently verified such information for its reasonableness, reliability, accuracy
and/or completeness but have obtained confirmation from the Board that all material facts and
information required for the purpose of our evaluation have been disclosed to us. The Board has
also accepted responsibility for the accuracy of the information provided herein and confirmed that
after making all reasonable enquiries and to the best of their knowledge and belief, there are no
other facts the omission of which would make any information provided herein misleading.
It is not within our terms of reference to express any opinion on the commercial merits of the
Proposals and this remains the sole responsibility of the Board. We also wish to emphasise that our
role as Independent Adviser does not extend to conducting any valuation in respect of Budiman,
Atlasprise, the 73.845-Acre Land, 132.395-Acre Land or 119.82-Acre Land. Our appointment also
does not require us to express an opinion on the future plans of LHHB or to consider the specific
investment objectives, financial situation and particular needs of any individual shareholder or
group of shareholders. In preparing this letter of advice, we have paid attention to those factors
which we believe are of general importance to an assessment of the Proposals and therefore of
general concern to the general body of shareholders, and our evaluation is rendered solely for the
benefit of the shareholders of LHHB as a whole.
We recommend that any individual shareholder or group of shareholders who may require advice in
relation to the Proposals in the context of their individual objectives, financial situation and
particular needs should consult their stockbroker, bank manager, solicitor, accountant or other
professional adviser. We shall not be liable for any damage or loss of any kind sustained or
suffered by any individual shareholder or group of shareholders in reliance on the opinion stated
herein for any purpose whatsoever which is particular to such shareholder or group of shareholders.
3. DETAILS OF THE PROPOSALS
3.1 First Proposed Acquisition of Budiman Shares
3.1.1 Information on Budiman
Budiman was incorporated in Malaysia under the Companies Act, 1965 on 26 July
1994 as a private limited company. The current principal activity of Budiman is
oil palm plantation, whilst its proposed future principal activity is property
development. The principal asset of Budiman is the Budiman Land. Budiman does
not have any subsidiary or associate company.
The present authorised share capital of Budiman is RM10,000,000 comprising
10,000,000 Shares, of which 6,500,000 Shares have been issued and are fully
paid-up.
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