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Further to the announcement dated 16 May, 21 May and 25 June, the Board of QL Resources Berhad is pleased to inform that after the completion of the due diligent conducted and in view of the due diligent findings on the deficit of the Net Tangible Assets, both parties have mutually agreed to a reduction of RM1,000,000.00 (Ringgit Malaysia : One Million) to the purchase price from RM6,680,000.00 (Ringgit Malaysia : Six Million Six Hundred and Eighty Thousand) to RM5,680,000.00 (Ringgit Malaysia : Five Million Six Hundred and Eighty Thousand). The Share Acquisition Agreement shall from hereon be fulfilled and deemed unconditional.
This announcement is dated 17 July 2008.
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