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Monday, November 15, 2010

东和资源 Tongher 5010 - 泰国买地皮

General Announcement
Reference No CAS-101115-44D29

Company Name
:
TONG HERR RESOURCES BERHAD
Stock Name
:
TONGHER
Date Announced
:
15/11/2010



Type
:
Announcement
Subject
:
TONG HERR RESOURCES BERHAD (“THR” or the “Company”)
Acquisition of land by Tong Heer Fasteners (Thailand) Co., Ltd., a subsidiary of THR

Contents
:
The Board of Directors of THR is pleased to announce that Tong Heer Fasteners (Thailand) Co., Ltd., a subsidiary of the Company had entered into a Sale and Purchase Agreement with Pinthong Industrial Park Co., Ltd. to acquire a land situated in Pinthong Industrial Estate (Laem chabang) 150 Moo 9 Nong-Kham Sub-district, Sriracha District, Chonburi Province, 20110 Thailand [Plot No. S – 13 covering area of 75-1-07.3 Rai (120,429.20 Sq.m.)] for a total cash consideration of Thai Baht 173,116,975 or approximately RM18,083,279.86 Only.

The details of the announcement is attached herewith.

This announcement is dated 15 November 2010.

Attachments
:
Acquisition of land-THFT.pdf

Announcement Details :

在泰国买地。RM 18,083,279.86 ( 18 mil)
分 5 个月还钱,每个月还 20%。
2011 三月还完。

积极扩张:
1. 买地 = tongher malaysia 有 50.01% tongher thailand 股权。
2. 收购 = 2010第三季,完成收购 Metech alluminium。
3. 建厂 = 2008-2009 年投资 fuco international,在越南建钢胚厂。

粗略计算:在完成 1+2 之后,cash 应该还是大于 TOTAL liability

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