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ADDITIONAL COMPLIANCE INFORMATION
1. SHARE BUY BACK
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During the financial year, the Company repurchased 76,800 of its own shares from the open market of Bursa Securities for
a total consideration of RM75,356. Details of the shares repurchased are as follows:
No. of Highest Lowest Average
Ordinary Gross Gross Gross
Shares of Total Purchase Price Paid Price Paid Price Paid
Month RM1 Each Consideration* Per Share Per Share Per Share
RM RM RM RM
January 1,100 1,229 1.040 0.995 1.010
February 900 1,024 1.020 0.995 1.007
March 2,300 2,442 1.010 0.985 0.994
April 2,700 2,794 1.020 0.940 0.967
May 12,800 12,431 1.000 0.930 0.949
June 11,400 11,009 1.120 0.920 0.943
July 1,600 1,820 1.040 0.990 1.015
August 600 690 1.060 1.020 1.042
September 17,800 17,117 1.020 0.935 0.948
October 5,600 5,731 1.030 0.920 0.993
November 14,500 13,776 0.990 0.900 0.936
December 5,500 5,293 0.995 0.900 0.926
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76,800 75,356
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*Includes incidental cost such as commission, clearing fee and stamp duty.
Since the implementation of the share buy back scheme, the Company has purchased 388,700 of its own shares at a total
purchase consideration, including incidental cost, of RM449,807 or at an average gross price of RM1.140 per share.
These shares are now being held as treasury shares.
2. MATERIAL CONTRACTS
Save as disclosed below, there are no material contracts of the Company and/or its subsidiaries, involving directors' and
major shareholders' interest, either still subsisting at the end of the financial year or, if not then subsisting, entered into
since the end of the previous financial year:
(i) On 7 March 2003, UM Residences Sdn Bhd (“UMR”), a wholly-owned subsidiary of the Company, entered into a joint
venture agreement with Liang Court (Malaysia) Sdn Bhd (“LCSB”), a subsidiary of CapitaLand Limited which in
turn is a major shareholder of the Company, to establish a joint venture partnership (“Partnership”) to govern the
material aspects and conduct of the business of operation and management of the following:
(a) 48 units of the Seri Bukit Ceylon serviced residences located between the 5th and 8th floor which had been
purchased by LCSB for purposes of the leasing agreements to be entered into between LCSB and the Partnership;
(b) another 48 units of the Seri Bukit Ceylon serviced residences located between the 9th and 12th floor for purposes
of the leasing agreements to be entered into between UMR and the Partnership; and
(a) and (b) collectively referred to as “Somerset Serviced Residences” and
(c) other units of the Seri Bukit Ceylon serviced residences owned by individual owners (other than LCSB and
UMR) (“Corporate Serviced Residences”) which are leased to UMR or its nominee pursuant to leasing
agreements for subsequent re-letting to third parties,
(a), (b) and (c) collectively referred to as the “Business”, by the Partnership.
UNITED MALAYAN LAND BHD