PANIC BUYY TOMOROW with this CRITICAL ANNOUNCEMENT 
NEXGRAM HOLDINGS BERHADType Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-24052017-00002
Subject Appointment of joint developer and turnkey contractor to undertake the project-mixed commercial development Angkasa Icon City on a Land-P58-H.S. (D) 28897 PT 42830, Mukim Dengkil, Daerah Sepang, Negeri Selangor Darul Ehsan (Project) (JDA)
Description NEXGRAM HOLDINGS BERHAD("NEXGRAM" OR "THE COMPANY")
APPOINTMENT OF JOINT DEVELOPMENT AND TURNKEY CONTRACTOR TO UNDERTAKE THE PROJECT MIXED COMMERCIAL DEVELOPMENT ANGKASA ICON CITY ON A LAND - P58-H.S. (D) 28897 PT 42830, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR DARUL EHSAN (LAND) (PROJECT) (JDA)Query Letter Contents
We refer to your Company’s announcement dated 19 May 2017 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
Whether the JDA involves setting up of a joint-venture company (“JVC”). If yes:
i) Issued and paid-up capital of the JVC.
ii) Percentage of shareholding of Nexgram Land Sdn Bhd (“NLSB”) and ChinaAsian Capital Holding Ltd (“CACH”) respectively in the JVC.
iii) Sources of funding by the JVC for the Project.
If no:
i) The roles and responsibilities of NLSB and CACH under the JDA respectively.
ii) Profit and cost sharing ratio between NLSB and CACH pursuant to the JDA, and NLSB’s sources of funding for its portion of the cost.
2. Expected commencement and completion dates of development of the Project.
3. Gross development value of the Project.
4. Gross development cost of the Project.
5. Further information on the Amended Offtake Agreement, including the specific development involved and nature of the amendment.
6. The status of the Memorandum of Understanding entered into with PT Graha Tunas Makmur (“MOU”) in relation to the Land, and how the JDA is expected to affect the MOU.
7. Name the authorities to whose approval the Project is subject, and the status of such approvals.
8. Name of the Main Contract appointed/to be appointed for the Project.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully
TAN YEW ENG
Vice President, Issuers
Listing, Regulation
TYE/NMA
Cc : Market Surveillance Dept., Securities Commission (via fax)
We refer to the Company's announcement dated 19 May 2017 and hereby provide additional information on the Project in the attachment.
This announcement is dated 7 June 2017.
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