Date Announced |
:
|
14/09/2006 |
Type | : | Reply to query |
Reply to Bursa Malaysia's Query Letter -Reference ID | : | ZO-060913-64634 |
Subject | : | ARTICLE ENTITLED : "Bonia sees 60% overseas contribution to revenue" |
Contents :
We refer to the query letter dated 13 September 2006 from Bursa Malaysia Berhad (Bursa Malaysia) in relation to the article which appeared in The Sun, Business News, page 23, on Wednesday, 13 September 2006, which highlighted the following quote :-
"The Company expects a 20% sales growth by its fiscal year ending June 30, 2007."
We wish to clarify and confirm to Bursa Malaysia that our Group Managing Director, Mr Chiang Heng Kieng made a statement on the 20% projected sales growth in perspective of our internal budgeting target set by the Company which takes into consideration new markets from overseas outlets and customers.
We wish to clarify that the sales growth targets should not be construed as profit forecast and has not been and will not be reviewed by the external auditors.
This announcement is dated 14 September 2006.
Query Letter content :
We refer to the above news articles appearing in The Sun,Business news section,
page 23, on Wednesday, 13 September 2006 , a copy of which is enclosed for
your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"The company expects a 20% sales growth by its fiscal year ending June 30,
2007."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same, including the relevant bases and assumptions in
arriving at the above forecast. In this respect, you are also required to
confirm whether the accounting bases, calculations and assumptions have been
reviewed by the external auditors.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
SUZALINA HARUN
Head, Issuers
Listing Division
Group Regulations
SUZ/ZOOS
c.c. Securities Commission (via fax)