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Bursa Announcement

Year 2000 (Y2K) Disclosure By Public Listed Companies

BackJul 23, 1999
Type Announcement
Subject YEAR 2000 (Y2K) DISCLOSURE BY PUBLIC LISTED COMPANIES

Contents :

    See table below

    1. Details of your company and subsidiaries’ progress in relation to its activities to address the Y2K issue.

    Y2K Ready
    Non Y2K Ready
    X
    		 (To provide the information listed below)
    Description
    of Non Y2K
    System    		 Criticality of
    system (critical
    or not critical)    		 Status of readiness (at
    which stage & percentage of completion)    		 Estimated
    date being
    Y2K Ready    		 Remarks
    a) Stand alone Pcs
    b) Factory Plcs (some)    		 Not critical

    Not so critical    		 Testing & remediation stages 50% completed
    Testing & remediation stages 50% completed    		 21.12.1999

    21.12.1999    		 Nil

    Critically pending Y2K consultants’ confirmation

    2. The impact of the Y2K issue if your company and/or subsidiaries fail to be Y2K Ready or are unable to achieve full readiness by the estimated date(s) mentioned above.

    No impact
    X
    		 (State the reason(s) below)
    Yes
    X
    		 (State the details of the impact below, particularly on the business,
      financial position and prospects)

    Impact if any is expected to be nil or minimal as all critical operations have been identified and attended to for Y2K readiness.


    3. The exposure of your company and/or subsidiaries to third parties who have material business relationships with your company or subsidiaries in relation to the third parties’ Y2K readiness.

    No exposure (State the reason(s) below)
    Yes
    X
    		 (State the details of the exposure, how material the exposure is
      to your company and/or subsidiaries and the measures taken
    to address the impact of the exposure)

    The exposure relates to supplies of materials and machinery parts, and services rendered from 3rd parties, and the materiality is dependent on their Y2K readiness, the impact of which is pending their confirmation to our request for their Y2K compliance status to date.


    4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.

      Total cost is expected not to exceed RM200,000


    5. Describe your company and subsidiaries’ contingency plans in relation to the Y2K issue to ensure continued operations.

    No contingency plans
    X
    		 (State the reason(s) why contingency plans are not needed)
    Yes (State the details of the contingency plans)
      KKB Engineering Bhd Group is in the process of finalising its Contingency & Business Recovery Plan which is expected to be put into place by October 1999.

     

    Announcement Info

    Company Name KKB ENGINEERING BERHAD  
    Stock Name KKB    
    Date Announced 23 Jul 1999  
    Category General Announcement
    Reference No CU-990721-52340