Type Announcement
 
Subject IDAMAN UNGGUL BERHAD ("IDAMAN" OR "THE COMPANY") - SALE OF 72,245,988 ORDINARY SHARES IN IDAMAN UNGGUL BERHAD ("IDAMAN" OR "THE COMPANY") TO BSI CAPITAL PROJECTS PTY. LIMITED (“BSI CAPITAL”)
 
Contents

Reference is made to our announcement dated 17 November 2009.

The Company would like to clarify that whereas the announcement dated 17 November 2009 stated that Dato’ Annuar has "accepted" an offer from BSI Capital on behalf of BSI Investment Trust No.3 to acquire his entire shareholdings in Idaman, subject to the terms and conditions to be mutually agreed by the parties, the word "accepted" would have more correctly been stated as "received".

In this regard, please note that BSI Capital’s offer to acquire Dato’Che Mohd Annuar bin Che Mohd Senawi (“Dato’ Annuar”)’s shareholdings in Idaman has not been concluded. The offer is conditional upon the necessary approvals being obtained, including that from Bank Negara Malaysia (“BNM”). Dato’ Annuar has since informed BNM of the offer received from BSI Capital to acquire his shares in Idaman and he has sought for the necessary approval from BNM to commence negotiations for the Share Sale.

 
  This announcement is dated 7 December 2009.