08 March 2013
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | CY-130307-58262 |
| Subject | HIGH COURT OF MALAYA IN SHAH ALAM (CIVIL SUIT NO. 22NCVC-170-02/2013) 1) MENARA INTAN LANGKAWI SDN BHD (COMPANY NO. 502701-A) & 2) HBA DEVELOPMENT BHD (COMPANY NO. 430857-X) VS TM FACILITIES SDN BHD (COMPANY NO. 365637-X) |
| Description | Telekom Malaysia Berhad ("TM") refers to the query from Bursa Malaysia Securities Berhad dated 7 March 2013 [Reference No.: CY-130307-58262] regarding the announcement issued by TM on 6 March 2013 on the above matter ("MIL Suit") requiring TM to furnish additional information on the said MIL Suit. |
| Query Letter Contents | We refer to your Company's announcement dated 6 March 2013 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- (1) The date of presentation of the Writ and Statement of Claim. (2) Brief details of the Lease Agreement and the termination of the Lease Agreement. (3) Details of the circumstances leading to the filing of the Writ and Statement of Claim. (4) Whether TM FACILITIES SDN BHD is a major subsidiary of your Company. (5) Total cost of investment in TM FACILITIES SDN BHD. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully SUZALINA HARUN Head, Issuers Listing Division Regulation /WCY copy to:- General Manager & Head, Market Surveillance, Securities Commission (via fax) |
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We furnish herewith the following information as requested:-
1) The date of presentation of the Writ and Statement of Claim. The Writ and Statement of Claim was filed on 5 February 2013 at the Shah Alam High Court and served on our solicitors on 6 March 2013. 2) Brief details of the Lease Agreement and the termination of the Lease Agreement. By an Agreement to Lease dated 14 August 2003 (“the Lease Agreement”), TM Facilities Sdn Bhd (“TMF”) had agreed to take a lease of a telecommunication tower to be constructed at the Mukim of Kuah in Langkawi, from Menara Intan Langkawi Sdn Bhd (“MIL”), a joint venture company between Lembaga Pembangunan Langkawi and HBA Development Bhd, for a lease period of 15 years at a lease rental of RM17 million per annum. The Lease Agreement was terminated by TMF through a letter dated 6 February 2007, as TMF was of the view that MIL has failed to secure the necessary approvals and commence construction of the telecommunication tower despite the time given. 3) Details of the circumstances leading to the filing of the Writ and Statement of Claim.
4) Whether TM Facilities Sdn Bhd is a major subsidiary of your Company. TMF is not a major subsidiary of TM. 5) Total cost of investment in TM Facilities Sdn Bhd. The total cost of investment by TM in TMF todate is RM2.3 million which is the entire issued and paid up capital of TMF.This announcement is dated 8 March 2013. |
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| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TM |
| Date Announced | 8 Mar 2013 |
| Category | General Announcement |
| Reference No | TM-130308-A4AAC |