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CIRCULAR TO THE SHAREHOLDERS OF COUNTRY VIEW BERHAD DATED 26 SEPTEMBER 2005 (CIRCULAR) IN RELATION TO:- PROPOSED ACQUISITION BY COUNTRY VIEW RESOURCES SDN. BHD. (523855-A), A WHOLLY OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD, OF TWO (2) PARCELS OF FREEHOLD AGRICULTURAL LAND MEASURING 290.3196 ACRES AND IDENTIFIED AS: (A) PLOT E-2, COMPRISING WHOLE OF HS(D) 317248 PTD 116775, PART OF HS(D) 317247 PTD 116774 AND PART OF HS(D) 317251 PTD 116778; AND (B) PLOT E-4, FORMING PART OF HS(D) 317216 PTD 116768, ALL IN THE MUKIM OF PULAI, DAERAH JOHOR BAHRU, NEGERI JOHOR FROM BANDAR NUSAJAYA DEVELOPMENT SDN. BHD. (252945-M) (FORMERLY KNOWN AS PROLINK DEVELOPMENT SDN. BHD.) FOR A TOTAL CASH PURCHASE PRICE OF RM85,994,989.

COUNTRY VIEW BERHAD

Type

Announcement
Subject
CIRCULAR TO THE SHAREHOLDERS OF COUNTRY VIEW BERHAD DATED 26 SEPTEMBER 2005 (CIRCULAR) IN RELATION TO:-

PROPOSED ACQUISITION BY COUNTRY VIEW RESOURCES SDN. BHD. (523855-A), A WHOLLY OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD, OF TWO (2) PARCELS OF FREEHOLD AGRICULTURAL LAND MEASURING 290.3196 ACRES AND IDENTIFIED AS:
(A) PLOT E-2, COMPRISING WHOLE OF HS(D) 317248 PTD 116775, PART OF HS(D) 317247 PTD 116774 AND PART OF HS(D) 317251 PTD 116778; AND
(B) PLOT E-4, FORMING PART OF HS(D) 317216 PTD 116768,
ALL IN THE MUKIM OF PULAI, DAERAH JOHOR BAHRU, NEGERI JOHOR FROM BANDAR NUSAJAYA DEVELOPMENT SDN. BHD. (252945-M) (FORMERLY KNOWN AS PROLINK DEVELOPMENT SDN. BHD.) FOR A TOTAL CASH PURCHASE PRICE OF RM85,994,989.

Contents :

Please note the following addendum (which is highlighted in BOLD) to Appendix II, Section 3: Material Contracts, appearing on page 14 of the Circular:-


Appendix II – Further Information

Item (ii) of section 3: Material Contracts which reads:-

ii) a conditional sale and purchase agreement dated 9 June 2005 between CVR and BNDSB in relation to the proposed acquisition by CVR from BNDSB of two (2) parcels of freehold agricultural land measuring 290.3196 acres and identified as (a) Plot E-2, comprising the whole of HS(D) 317248 PTD 116775, part of HS(D) 317247 PTD 116774 and part of HS(D) 317251 PTD 116778; and (b) Plot E-4, forming part of HS(D) 317216 PTD 116768, all in the Mukim of Pulai, Daerah Johor Bahru, Negeri Johor, for a total cash consideration of RM85,994,989.

should now read as follows:-

ii) a conditional sale and purchase agreement dated 9 June 2005 between CVR and BNDSB in relation to the proposed acquisition by CVR from BNDSB of two (2) parcels of freehold agricultural land measuring 290.3196 acres and identified as (a) Plot E-2, comprising the whole of HS(D) 317248 PTD 116775, part of HS(D) 317247 PTD 116774 and part of HS(D) 317251 PTD 116778; and (b) Plot E-4, forming part of HS(D) 317216 PTD 116768, all in the Mukim of Pulai, Daerah Johor Bahru, Negeri Johor, for a total cash consideration of RM85,994,989.
Ancillary and pursuant to the aforesaid conditional sale and purchase agreement dated 9 June 2005, a deed of covenants dated 9 June 2005 was entered into between CVR and BNDSB pertaining to their respective undertakings in relation to CVR’s formulation, execution and undertaking of the development plans and the detailed layout plan for the Property (as defined in the Circular).



Announcement Info

Company NameCOUNTRY VIEW BERHAD  
Stock Name CVIEW    
Date Announced4 Oct 2005  
CategoryGeneral Announcement
Reference NoMM-051004-57921


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