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Year 2000 (Y2K) Disclosure By Public Listed Companies

BackOct 28, 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 X
Non Y2K Ready (To provide the information listed below)
Description of Non Y2K System Critically of system (critical or not critical) Status of readiness (at which stage & percentage of completion) Estimated date being Y2K Ready Remarks
Nil
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 dated(s) mentioned above.

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

Based on our Y2K Consultants' findings and report and excluding external systems beyond our control, the Y2K problem is not likely to affect the Group's operations.


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
Whilst the Group has sought assurances from third parties, it recognizes that it has no control or direct access to all external systems from which year 2000 problems might arise.

4. The total cost your company and subsidiaries have incurred or is expected to incur to address the   Y2K issue.
Total cost not exceeding RM200,000.

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


No contingency plans (State the reason(s) why contingency plans are not
needed)
Yes
X
(State the details of the contingency plan)

The Contingency Plan covers :-
  a) The Group's specific requirements/operations at divisional level with details of, inter alia, personnel involvement, vendor contacts, power backup and stock requirements; and
  b) The Y2K roll over measures on 31 December 1999.

 


Announcement Info

Company Name KKB ENGINEERING BERHAD  
Stock Name KKB    
Date Announced 28 Oct 1999  
Category General Announcement
Reference No CU-991027-35077