LEONG HUP HOLDINGS BERHAD - Announcements
LEONG HUP HOLDINGS BERHAD - Announcements
LEONG HUP HOLDINGS BERHAD - Announcements
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The shareholders and directors of Atlasprise and their respective shareholdings as<br />
at 15 May 2001 are set out in the table below.<br />
Name Direct Shareholding Indirect Shareholding<br />
No. of Shares % No. of Shares %<br />
Shareholders<br />
LHHB 825,000 55.0 - -<br />
Bukit Gambir 300,000 20.0 - -<br />
Datuk Lau Tuang Nguang 150,000 10.0 - -<br />
Dato’ Mohamed Salleh bin Ahmad 225,000 15.0 - -<br />
Leong Hup Management Sdn. Bhd. - - * 825,000 55.0<br />
Datuk Lau Chong Wang - - * 825,000 55.0<br />
Lau Bong Wong - - * 825,000 55.0<br />
Total 1,500,000 100.0<br />
Directors<br />
Datuk Lau Chong Wang - - * 825,000 55.0<br />
Datuk Lau Tuang Nguang 150,000 10.0 - -<br />
Dato’ Mohamed Salleh bin Ahmad 225,000 15.0 - -<br />
Yeo Soo Sia @ Yeo Soo Seng - - - -<br />
Note:-<br />
* Deemed interest through LHHB.<br />
For the financial year ended 31 March 2000, Atlasprise recorded a profit after<br />
taxation of RM0.084 million. Its audited NTA value as at 31 March 2000 was<br />
RM1.847 million. For the financial year ended 31 March 2001, Atlasprise<br />
recorded an unaudited profit after taxation of RM0.072 million.<br />
3.2.2 Salient Terms<br />
(a)<br />
Shares Disposed Of Free from Encumbrances<br />
The 465,000 Shares in Atlasprise to be disposed of by LHHB to Bukit<br />
Gambir pursuant to the Proposed Disposal of Atlasprise Shares will be<br />
disposed of free from all encumbrances and with all rights attaching<br />
thereto or accruing thereon as at and from the date of the Sale and<br />
Purchase Agreement, including all rights to dividends and other<br />
distributions declared, made and paid thereafter.<br />
LHHB currently has a 55.0% equity interest in Atlasprise comprising<br />
825,000 Shares. The Proposed Disposal of Atlasprise Shares will reduce<br />
LHHB’s equity interest in Atlasprise to 24.0% comprising 360,000<br />
Shares. Atlasprise will therefore cease to be a subsidiary of LHHB upon<br />
completion of the Proposed Disposal of Atlasprise Shares, and will instead<br />
become an associate company of LHHB.<br />
Bukit Gambir currently has a 20.0% equity interest in Atlasprise<br />
comprising 300,000 Shares. Upon completion of the Proposed Disposal of<br />
Atlasprise Shares, Bukit Gambir will have a 51.0% equity interest in<br />
Atlasprise comprising 765,000 Shares. Atlasprise will therefore become a<br />
subsidiary of Bukit Gambir.<br />
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