LEONG HUP HOLDINGS BERHAD - Announcements

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PART A DIRECTORS’ LETTER TO THE SHAREHOLDERS OF LHHB
LEONG HUP HOLDINGS BERHAD (Company No. 51316-D) (Incorporated in Malaysia) Registered Office 201-203 Jalan Abdullah, 84000 Muar, Johor 12 June 2001 Directors Datuk Lau Chong Wang (Chairman & Managing Director) Dato’ Lau Eng Guang (Executive Director) Datuk Francis Lau Tuang Nguang (Executive Director) Lau Chun Yuen Datuk Paduka Hajjah Saleha bte Mohamad Ali Major General (Rtd) Datuk Haji Esa bin Ahmad Lim Meng Bin To: The Shareholders of LEONG HUP HOLDINGS BERHAD I. PROPOSED ACQUISITION BY LEONG HUP HOLDINGS BERHAD (“LHHB”) OF AN ADDITIONAL 20% EQUITY INTEREST IN PANGKAL BUDIMAN SDN. BHD. (“BUDIMAN”) COMPRISING 1,300,000 ORDINARY SHARES OF RM1.00 EACH FROM BUKIT GAMBIR COMPANY SDN. BHD. (“BUKIT GAMBIR”), JAYAPLUS BAKTI SDN. BHD. (“JAYAPLUS”) AND PATHALON INDUSTRIES SDN. BHD. FOR A CASH CONSIDERATION OF RM3,926,000 II. III. IV. PROPOSED DISPOSAL BY LHHB OF 31% EQUITY INTEREST IN ATLASPRISE SDN. BHD. COMPRISING 465,000 ORDINARY SHARES OF RM1.00 EACH TO BUKIT GAMBIR FOR A CASH CONSIDERATION OF RM465,000 PROPOSED DISPOSAL BY BUDIMAN OF 73.845 ACRES OF FREEHOLD LAND IN MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO JAYAPLUS FOR A CONSIDERATION OF RM14,153,428.08 TO BE SATISFIED BY THE SETTING OFF OF ALL THE SHAREHOLDERS’ ADVANCES GRANTED BY JAYAPLUS TO BUDIMAN AND THE BALANCE IN CASH PROPOSED DISPOSAL BY BUDIMAN OF 132.395 ACRES OF FREEHOLD LAND IN MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO BUKIT GAMBIR FOR A CONSIDERATION OF RM25,375,355.28 TO BE SATISFIED BY THE SETTING OFF OF ALL THE SHAREHOLDERS’ ADVANCES GRANTED BY BUKIT GAMBIR TO BUDIMAN AND THE BALANCE IN CASH V. PROPOSED ACQUISITION BY LHHB OF AN ADDITIONAL 20% EQUITY INTEREST IN BUDIMAN COMPRISING 1,300,000 ORDINARY SHARES OF RM1.00 EACH FROM AMALAN TEPAT SDN. BHD. (“AMALAN”) FOR A CONSIDERATION OF RM3,926,000 TO BE SATISFIED BY WAY OF SET-OFF AGAINST THE AMOUNT OWING BY AMALAN TO LEONG HUP MANAGEMENT SDN. BHD. 1
Page 1 and 2: THIS CIRCULAR IS IMPORTANT AND REQU
Page 3 and 4: Bukit Gambir − Bukit Gambir Compa
Page 5 and 6: TABLE OF CONTENTS Page PART A - DIR
Page 7: APPENDICES 1. INFORMATION ON LHHB..
Page 11 and 12: (e) A conditional Sale and Purchase
Page 13 and 14: (b) Two (2) pieces of freehold land
Page 15 and 16: 3. INFORMATION ON BUKIT GAMBIR, JAY
Page 17 and 18: 3.4 Amalan Amalan was incorporated
Page 19 and 20: (b) Bukit Gambir to Discharge LHHB
Page 21 and 22: 4.4 Salient Terms of the Proposed D
Page 23 and 24: 4.6 Salient Terms of the Proposed D
Page 25 and 26: (d) (e) (f) (g) (h) (i) Mr. Lau Bon
Page 27 and 28: 73.845-Acre 132.395-Acre 119.82-Acr
Page 29 and 30: 8.4 NTA and Gearing Based on the au
Page 31 and 32: 9.3 Proposed Disposal of 119.82-Acr
Page 33 and 34: PART B INDEPENDENT ADVICE LETTER TO
Page 35 and 36: VI. PROPOSED DISPOSAL BY BUDIMAN OF
Page 37 and 38: (g) (h) (i) Mr. Lau Hai Nguan is a
Page 39 and 40: The shareholders and directors of B
Page 41 and 42: (b) Two (2) pieces of freehold land
Page 43 and 44: (b) Bukit Gambir to Discharge LHHB
Page 45 and 46: (b) Budiman’s Undertakings Budima
Page 47 and 48: 3.4 Proposed Disposal of 132.395-Ac
Page 49 and 50: (c) Mode of Satisfaction of Purchas
Page 51 and 52: elation to the 119.82-Acre Land as
Page 53 and 54: 5.2 Utilisation of Proceeds Utilisa
Page 55 and 56: (ii) (iii) The fixing of the redemp
Page 57 and 58: 8.2 Basis of Determining the Consid
Page 59 and 60:
(b) (c) LHM will set off the Set-Of
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