The shares were transferred to Multi-Purpose Credit Sdn. Bhd.("MPC") on 30/10/2000 arising from the Court Order dated 30/10/99 which sanctioned the Scheme of Arrangement for the creditors of Pan Malaysia Equities Sdn. Bhd. ("PMESB") (formerly known as Kimara Equities Sdn. Bhd.) :-
a. MPC was one of the creditors of PMESB; and
b. Pursuant to the terms of the Scheme of
Arrangement for the creditors of PMESB, MPC
became entitled to the shares.