Kumpulan Perangsang clarifies report

Kumpulan Perangsang Selangor Bhd (KPS), an investment holding company, today reiterated its obligation to continuously
enhance its investments.

KPS
was responding to Bursa Malaysia's query on an article, which appeared
in The Edge Malaysia today, stating the possibility of the company to
privatise its subsidiary Kumpulan Hartanah Selangor Bhd (KHSB).

KPS
said it had been mandated by its board of directors to explore and
evaluate the available options to enhance or revive its investments,
which might include a reorganisation and restructuring of its
investments and mergers, acquisitions or divestments of its
non-performing investments.

As part of the available options to
enhance or revive its investments, the company said it had also been
mandated to study the feasibility of taking KHSB private.

However, consultants have not yet been appointed to conduct the feasibility study, the company said.

Accordingly, should there be any formal or definitive corporate
restructuring
initiatives involving KHSB, the necessary announcements will be made in
accordance with the Bursa Malaysia Main Market Listing Requirements,
KPS added. -- BERNAMA