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Details of Announcement



Untitled Document
General Announcement
Reference No CC-110228-36535

Company Name
:
KIA LIM BERHAD ?
Stock Name
:
KIALIM ?
Date Announced
:
28/02/2011 ?


Type
:
Announcement
Subject
:
OTHERS

Description
:
Outstanding Related Party Receivables

Attachments
:
Outstanding Related Party Receivables 12-10 (KLB).xls

Announcement Details/Table Section :


In view of the outstanding related party receivables, the Board of Directors of Kia Lim Berhad is pleased to announce that the amount has improved after taking the following actions:-

(a) Send out reminder letter
(b) Send out notice of demand, should the above action (a) fails
(c) Negotiate for settlement as the last resort

Some of the outstanding related party receivables had been settled whilst some of them are paid through a maximum of 8 years’ installment scheme. Negotiations are still in progress for the remaining cases.

The Board of Directors will continue with its effort to recover the outstanding related party receivables.

The breakdown of the outstanding related party receivables is enclosed herewith.

This announcement is dated 28 February 2011.

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