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DIPERDANA HOLDINGS BERHAD (“DIPERDANA” OR “COMPANY”) PROPOSED DISPOSAL OF DIPERDANA’S ENTIRE BUSINESS UNDERTAKING TO KONSORTIUM LOGISTIK BERHAD (“KONSORTIUM”) FOR A TOTAL CONSIDERATION OF RM80,000,000 TO BE SATISFIED BY THE ISSUANCE OF 50,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN KONSORTIUM AT AN ISSUE PRICE OF RM1.60 PER SHARE (“PROPOSED DISPOSAL”)

DIPERDANA HOLDINGS BERHAD

Type

Announcement
SubjectDIPERDANA HOLDINGS BERHAD (“DIPERDANA” OR “COMPANY”)

PROPOSED DISPOSAL OF DIPERDANA’S ENTIRE BUSINESS UNDERTAKING TO KONSORTIUM LOGISTIK BERHAD (“KONSORTIUM”) FOR A TOTAL CONSIDERATION OF RM80,000,000 TO BE SATISFIED BY THE ISSUANCE OF 50,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN KONSORTIUM AT AN ISSUE PRICE OF RM1.60 PER SHARE (“PROPOSED DISPOSAL”)

Contents :

This announcement is dated 6 April 2005.


On behalf of Diperdana, AmMerchant Bank Berhad (a member of AmInvestment Group) wishes to announce that the Company had on 31 March 2005 issued a letter to inform Konsortium of the assets and liabilities which have been or are to be transferred to Diperdana Kontena Sdn Bhd (“DKSB”), a wholly owned subsidiary of the Company, pursuant to the Sale of Business Agreement dated 16 November 2001. Konsortium has acknowledged the receipt of the letter on 5 April 2005.

The said assets and liabilities, as set out in the enclosed table, are based on the unaudited balance sheet of Diperdana (at company level) as at 28 February 2005.

However, the piece of vacant commercial land measuring approximately 0.5651 hectares, held under Lot No. 693, Mukim of Cheng, District of Melaka Tengah, Melaka classified as Malay customary land (whereby the ownership of the land is restricted to Malays only) (“Melaka Land”) will not be transferred to Konsortium and will be dealt with separately as agreed between Konsortium and Diperdana on 25 October 2004, and announced to Bursa Malaysia Securities Berhad on 26 October 2004.

The transfer of assets and liabilities to DKSB (“Transfer”) is to facilitate the Proposed Disposal. Subsequent to the Transfer, Diperdana will transfer its investment in DKSB and the remaining assets (save for the Melaka Land) and liabilities in the Company to Konsortium directly.
DKSB_Transfer.xls

Attachments

DKSB_Transfer.xls
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Announcement Info

Company NameDIPERDANA HOLDINGS BERHAD  
Stock Name DIPERDA    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoMM-050406-54681

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