29 Aug

29/08/2011 – General Announcement

General Announcement
Reference No OI-110829-62734
Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD  
Company Name
:
CAREPLUS GROUP BERHAD (ACE Market) 
Stock Name
:
CAREPLS  
Date Announced
:
29/08/2011  
Admission Sponsor
:
OSK Investment Bank Bhd
Sponsor
:
Same as above
Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
:
CAREPLUS GROUP BERHAD (“CAREPLUS” OR THE “COMPANY”)

PROPOSED ACQUISITION OF A PARCEL OF LEASEHOLD LAND HELD UNDER PM 71, LOT NO. 10577, PEKAN SENAWANG, DISTRICT OF SEREMBAN, NEGERI SEMBILAN DARUL KHUSUS TOGETHER WITH THE BUILDINGS ERECTED THEREON BY CAREPLUS (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CAREPLUS FOR A CASH CONSIDERATION OF RM9.50 MILLION ("PROPOSED ACQUISITION")

Announcement Details/Table Section :

All defined terms used in this announcement, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 2 August 2011 in relation to the Proposed Acquisition.

We refer to the announcement dated 2 August 2011 in relation to the Proposed Acquisition.

On behalf of the Board, we wish to announce that based on the valuation report dated 22 August 2011 prepared by Messrs Jordan Lee & Jaafar Sdn Bhd, the Valuer had ascribed the market value of the Said Property to be RM10,200,000, using the combination of comparison and cost methods of valuation in carrying out the valuation of the Said Property.

This announcement is dated 29 August 2011.