HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") PROPOSED ACQUISITION OF AN INDUSTRIAL LAND WITHIN AN ONGOING DEVELOPMENT PROJECT KNOWN AS PULAU INDAH INDUSTRIAL PARK HELD UNDER MASTER TITLE NO. P.N 112462, LOT NO. 159227, IN THE DISTRICT AND MUKIM OF KLANG, STATE OF SELANGOR DARUL EHSAN FOR A TOTAL CASH CONSIDERATION OF RM11,965,932.00 ("PROPOSED ACQUISITION")

We refer to your Company’s announcement dated 30 December 2019, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1.        The direct and indirect shareholdings of Central Spectrum (M) Sdn Bhd ("CSSB")'s directors in CSSB or a negative statement.

2.        The net book value of the Land based on latest audited financial statements of CSSB.

3.        The encumbrances on the Land, if any.

4.        The schedule of payment for the balance purchase consideration of RM9,572,745.60.

5.        The effect of the Proposed Acquisition on the earnings per share of the Hiap Huat Holdings Berhad Group for the financial year ending 31 December 2020 or a negative statement.

6.        The prospects of the Land.

7.        Whether any valuation was carried out on the Land; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing

Regulation

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