Company Name
:
EDEN INC. BERHAD
Stock Name
:
EDEN  
Date Announced
:
16/12/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
Eden Inc. Berhad ("Eden") - Clarification in respect of the article entitled 'Eden eyes property development, leisure business' published on 16 December 2013 in The Edge Malaysia ("the Article")

Announcement Details/Table Section :

Eden wishes to clarify the following statements that had appeared in the Article, as follows:-

1. "However, The Edge understands that Eden is working out a deal with Dewan Bandaraya Kuala Lumpur to develop a land parcel in Jinjang, Kuala Lumpur."

Eden wishes to clarify that it is not the entity involved in working out the deal with Dewan Bandaraya Kuala Lumpur in respect of the development of a parcel of land in Jinjang, Kuala Lumpur.

2. "According to sources, Eden is planning a 200-room hotel in Pantai Cenang, which is likely to be a three or four-star accommodation."
"Apart from the hotel, sources say Eden has plans to develop 25 luxury private bungalows in Langkawi to be built at an estimated total cost of RM30 million."
"A tree-house restaurant is expected to be a feature of this project. Given that the bungalows are private units, it is likely that the strategy could be a sale-and-leaseback plan."

Eden wishes to clarify that the proposed development in Pantai Cenang is still at its preliminary planning stage and to-date, no arrangement had been reached nor had any agreement been executed between the stakeholders in relation to the development.

Eden wishes to further clarify that it had not, to the best of its knowledge, provided any information to The Edge Malaysia in respect of the Article.

This announcement is dated 16 December 2013.


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