|Reference No CU-051031-38075|
|Submitting Merchant Bank||
|ASEAMBANKERS MALAYSIA BERHAD|
|EVERGREEN FIBREBOARD BERHAD|
|Subject||:||EVERGREEN FIBREBOARD BERHAD ("EFB" or the "Company")
- Extension Of Time To Comply With Conditions Imposed By The Securities Commission ("SC") In Relation To Certain EFB's Properties ("Extension of Time")
On behalf of EFB, Aseambankers Malaysia Berhad ("Aseambankers") had made an application to the SC to seek an Extension of Time to comply with certain conditions imposed by the SC as part of their listing approval. These conditions are: -
i) To transfer and register the properties for PTD 64788 and PTD 64789, Mukim of Pelentong, District of Johor Bahru under the name of Evergreen Decor Products (M) Sdn Bhd ("EDP");
ii) To transfer and register the properties for parcel no. 03-35, 03-36, 03-37, 03-39, 03-41, 03-43 and 03-45, Mukim of Pelentong, District of Johor Bahru under the name of Dawa Timber Industries (M) Sdn Bhd;
iii) To obtain approved building plans and subsequently certificate of fitness ("CF") for the unapproved structure situated on PTD 11229, Mukim of Seri Gading, District of Batu Pahat as well as obtaining CF/certificate of practical completion ("CPC") for structures which have been approved but yet to be issued with CF/CPC;
iv) To obtain approved building plans and subsequently CF for the unapproved structure situated on lot no. 10321, Mukim of Seri Gading, District of Batu Pahat; and
v) To obtain approved building plans for the unapproved structure situated on PTD 7183, Mukim of Seri Gading, District of Batu Pahat.
For item i), the management of EFB has decided subsequent to the listing of EFB to transfer and register the said properties to EFB instead of EDP.
EFB has been liasing with the various authorities to comply with all the above conditions but are not be able to obtain the relevant approvals by 4 November 2005.
The SC had, on 26 October 2005 (which was received by Aseambankers on 31 October 2005) approved the application by EFB, for an extension of time of twelve (12) months till 4 November 2006 to fulfill the above conditions subject to the following: -
a) EFB is required to make quarterly announcements to the Bursa Malaysia Securities Berhad on the status of the application; and
b) EFB is required to inform the SC on the status of the application when the quarterly announcements are made.
This announcement is dated 31 October 2005.