Friday, May 18, 2012

KULIM: Proposed Special Dividend

General Announcement
Reference No JC-120518-62137

Company Name : KULIM (MALAYSIA) BERHAD
Stock Name : KULIM
Date Announced : 18/05/2012


Type : Announcement
Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS



Description : KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”)

PROPOSED PROVISION OF GUARANTEE AND INDEMNITY BY KULIM TO TRIPLE PLATFORM SDN BHD (“TPSB” OR “BUYER”), AN INDIRECT SUBSIDIARY OF JOHOR CORPORATION (“JOHOR CORP”) (“PROPOSED GUARANTEE AND INDEMNITY”); AND

PROPOSED SPECIAL DIVIDEND PURSUANT TO THE DEEMED DISPOSALS OF KULIM'S INVESTMENT IN QSR BRANDS BERHAD (“QSR”) AND KFC HOLDINGS (MALAYSIA) BERHAD ("KFC")("PROPOSED SPECIAL DIVIDEND"),

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS").



Attachments : KMB QK 180512.pdf


Announcement Details/Table Section :

The Board of Directors of the Company wishes to announce that Kulim had on even date entered into a Guarantee and Indemnity Agreement ("G & I") with TPSB where Kulim, as the Guarantor agrees to provide in favour of TPSB a guarantee and indemnity upon the terms and conditions of the G & I in respect of QSR G & I.

The details of the announcement are as per Attachment.

This announcement is dated 18 May 2012.

Remarks: From Bursa Malaysia website

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