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PROPOSED DIVERSIFICATION IN OPERATIONS TO INCLUDE PROPERTY DEVELOPMENT BUSINESS

AMALGAMATED INDUSTRIAL STEEL BERHAD

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDIJ-150119-45378
SubjectPROPOSED DIVERSIFICATION IN OPERATIONS TO INCLUDE PROPERTY DEVELOPMENT BUSINESS
DescriptionAMALGAMATED INDUSTRIAL STEEL BERHAD (“AISB” or “THE COMPANY”)
– PROPOSED DIVERSIFICATION IN OPERATIONS CARRIED ON BY AMALGAMATED INDUSTRIAL STEEL BERHAD TO INCLUDE PROPERTY DEVELOPMENT BUSINESS (“PROPOSED DIVERSIFICATION”)
Query Letter Contents We refer to the Company's announcement dated 16 January 2015, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

The background information of the Land in Shah Alam on which the proposed
development of the industrial building will be undertaken. The information
should include the details as per Item 1, Part C of Appendix 10A of the Main
Market Listing Requirements ("LR") (where applicable);
The types of industrial buildings to be developed;
The tentative timeframe to complete the project evaluation as well as the
submission of application to the relevant authorities for planning and
development approvals;
It is stated that the feasibility studies and project evaluation for the
proposed development has not been completed. In this regard, please state the
basis to arrive at the gross development cost and value of the project of RM146
million and RM161 million respectively;
The outlook of property development industry in Malaysia and Selangor, and the
prospects of the proposed development in light of the industry outlook; and
Background information on the management team that will spearhead the property
development business, including their qualification, working experiences and
expertise in property development business.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
/IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)


Announcement Info

Company NameAMALGAMATED INDUSTRIAL STEEL BERHAD  
Stock Name AISB    
Date Announced20 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150120-0F89F


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