Amended Announcement
(Please refer to the ealier announcement reference number: OS-130329-61291)
Submitting Merchant Bank
:
TA SECURITIES HOLDINGS BERHAD
Company Name
:
JAKS RESOURCES BERHAD
Stock Name
:
JAKS  
Date Announced
:
16/04/2013


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

Description
:
JAKS RESOURCES BERHAD ("JRB" OR THE "COMPANY")

PROPOSED ACQUISITION BY HARBOUR TOWN SDN BHD ("HARBOUR TOWN"), A WHOLLY-OWNED SUBSIDIARY OF JRB, OF 51% EQUITY INTEREST IN MNH GLOBAL ASSETS MANAGEMENT SDN BHD ("MNH") FROM ISLAND CIRCLE DEVELOPMENT (M) SDN BHD ("ISLAND CIRCLE") FOR A CASH CONSIDERATION OF RM93,200,000 ("PROPOSED ACQUISITION")

Announcement Details/Table Section :


We refer to the announcement made on 29 March 2013 in relation to the Proposed Acquisition ("Announcement").

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement.

Further to the Announcement, on behalf of the Board of JRB, TA Securities Holdings Berhad wishes to announce that theestimated total gross development value and total gross development cost of the Proposed Development as per the Announcement has been amended to approximately RM941.5 million and RM701.0 million respectively. Thus, the estimated profits to be derived are approximately RM240.5 million ("Amendments").

The Amendments are necessary to reflect the latest numbers as stated in the valuation report dated 22 March 2013 prepared by Henry Butcher Malaysia (Sel) Sdn Bhd.

This announcement is dated 16 April 2013.


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