Highlights

[BJASSET] Change In Substantial Shareholder's Shareholding - BERJAYA LAND BERHAD on 29-May-2001

Stock [BJASSET]: BERJAYA ASSETS BERHAD
Announcement Date 29-May-2001

Substantial Shareholder's Particular:

Name BERJAYA LAND BERHAD

Details of Changes:

Currency RM

Date of Change Type Number of Shares
21-May-2001 Disposed 1,685,000
16-May-2001 Disposed 900,000
16-May-2001 Acquired 900,000
08-May-2001 Acquired 10,722,827

Nature of Interest Direct and Indirect interest
Shares Ordinary shares of RM1.00 each
Reason Acquisition of 10,722,827 shares pursuant to the conditional mandatory general offer by Berjaya Land Berhad to acquire the remaining shares in the Company not owned by it at a cash offer price of RM5.53 per share. Disposal of 900,000 shares to Immediate Capital Sdn Bhd. Placement of 1,685,000 shares pursuant to the Underwriting Agreement dated 22.12.2000 between Berjaya Land Berhad, Inter-Pacific Securities Sdn Bhd and the other Underwriters. Deemed interested by virtue of our 100% interest in Immediate Capital Sdn Bhd - Purchase of 900,000 shares from Berjaya Land Berhad

Total no of securities after change

Direct (units) 8,137,827
Direct (%) 19.61
Indirect (units) 20,054,000
Indirect (%) 48.32
Total (units) 28,191,827
Total (%) 67.93
Date of Notice 23-May-2001


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