Reply to Query

Writ of Summon and Statement of Claim (Summon)

High Court of Malaya Kuala Lumpur

Suit No. WA-221P-13-04/2017: Mohamad Hafiz Bin Hamidun vs Kamdar Sdn Bhd (KSB)

Company: KAMDAR GROUP (M) BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-27042017-00002
Subject Writ of Summon and Statement of Claim (Summon) High Court of Malaya Kuala Lumpur Suit No. WA-221P-13-04/2017 Mohamad Hafiz Bin Hamidun vs Kamdar Sdn Bhd (KSB)
Description 
KAMDAR GROUP (M) BERHAD 
- HIGH COURT OF MALAYA KUALA LUMPUR SUIT NO. WA-221P-13-04/2017
MOHAMAD HAFIZ BIN HAMIDUN        PLAINTIFF
VS
KAMDAR SDN BHD                    DEFENDANT
Query Letter Contents

We refer to your Company’s announcement dated 26 April 2017, in respect of the aforesaid matter.

Kindly furnish Bursa Securities with the following additional information for public release:

  1. The particulars of the claim under the Summon, including the amount claimed and interest rate.
  2. The estimated potential liability to Kamdar Group (M) Berhad arising from the Summon.
  3. The details of the circumstances leading to the filing of the Summon against KSB.
  4. The financial and operational impact of the Summon on Kamdar group.
  5. Whether KSB is a major subsidiary of Kamdar.

Please furnish Bursa Securities with your reply within one market day.

Tan Yew Eng
Vice President, Issuers
Listing, Regulation

Cc: Market Surveillance Dept., Securities Commission (via fax)

Further to the announcement made on 26 April 2017, Kamdar Group (M) Berhad (“the Company” or “KGMB”) wishes to announce the following additional information:

1. Particulars of the claim under the Summon
The Plaintiff claims to be a well-known singer and alleges that KSB has used his name on a product without authorization. He is claiming unquantified damages, exemplary damages of RM3,000,000.00, and aggravated damages of RM2,000,000.00. The interest rate is 5% on any damages awarded by the Court.

2. Estimated potential liability to KGMB group
Estimation is not possible as the amount is at the discretion of the court and there are no quantified damages claimed other than punitive and exemplary damages.

3. Details of the circumstances leading to the filing of the Summon against KSB
KGMB received a letter of demand from the Solicitors of the Plaintiff on 14 February 2017.

4. Financial and operational impact of the Summon on KGMB group
There is no financial or operational impact on KGMB group.

5. Whether KSB is major subsidiary of Kamdar
KSB is not a major subsidiary of KGMB.

This announcement is dated 28 April 2017.

Announcement Info

Company Name KAMDAR GROUP (M) BERHAD
Stock Name KAMDAR
Date Announced 28 Apr 2017
Category General Announcement for PLC
Reference Number GA1-27042017-00072

KAMDAR GROUP (M) BERHAD

Acquisition of Property by Kamdar Stores Sdn Bhd, a Wholly-Owned Subsidiary

Company: KAMDAR GROUP (M) BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID NM-140829-60348
Subject KAMDAR GROUP (M) BERHAD - Acquisition of Property by Kamdar Stores Sdn Bhd, a Wholly-Owned Subsidiary of KAMDAR GROUP (M) BERHAD
Description

Reference is made to the query from Bursa Malaysia Securities Berhad dated 2 September 2014 in respect of the Company’s announcement dated 27 August 2014 in relation to the above matter.

The Board of Directors of Kamdar Group (M) Berhad hereby wishes to furnish the following additional information:

  1. The approximate built-up area of each shop office and size of the land:
    • Eight units of three-storey shop offices (intermediate lots), land area 1,894 sq ft per shop, built-up area 5,683 sq ft per shop.
    • One unit of four-storey shop office (corner lot), land area 2,454 sq ft, built-up area 9,817 sq ft.
  2. Terms of payment of the purchase consideration are based on installment payments upon staggered completion.
  3. The property could be rented to external parties or within the group for retail purposes. Expected rental income is RM120,000.00 per month (8% yield on total investment cost).

This announcement is dated 3 September 2014.
Query Letter Contents

We refer to your announcement dated 27 August 2014 in respect of the above matter.

Kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:

  1. The approximate built-up area of each shop office and size of the land.
  2. The terms of payment of the purchase consideration on a deferred basis, if any.
  3. Brief description of the potential future profit contribution to KSSB and its proposed utilisation. If the Property is to be let out, details of the expected rental income per month.

Please furnish Bursa Securities with your reply within one market day from the date hereof.

TAN YEW ENG
Vice President, Issuers
Listing Division, Regulation

c.c. General Manager & Head Market Surveillance Department, Market Oversight Division, Securities Commission (via fax)

Announcement Info

Company Name KAMDAR GROUP (M) BERHAD
Stock Name KAMDAR
Date Announced 3 Sept 2014
Category General Announcement
Reference Number CC-140903-50372

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