B.

 ADDITIONAL INFORMATION REQUIRED BY BURSA SECURITIES'
 LISTING REQUIREMENTS

The Group achieved a profit after tax of RM47.5 million on the back of a revenue of RM174.6 million for the current year-to-date under review. This performance was mainly attributable to progressive profit recognized on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor and Bandar Perdana in Kedah. Apart from the profit contributed from property development projects, Tanjung Bungah Beach Hotel in Penang has also contributed 0.8% to the Group's profit.

The profit after tax and revenue for the current quarter are RM24.8 million and RM75.4 million as compared to RM4.3 million and RM20.0 million, respectively for the immediate preceding quarter. The higher results recorded for current quarter is mainly due to sale of land of approximately 30 acres in Taman Desa Tebrau, Johor to Jaya Jusco Stores Bhd at sale consideration of RM39.2 million. This disposal has contributed approximately RM12.4 million to the Group’s profit after tax.

Based on the Group’s premise on the timely completion of the on-going projects and barring any unforeseen circumstances, the Group is cautiously optimistic that the results will be favourable for the forthcoming financial year 2005.

i)  Proposed Acquisition of 2 ordinary shares of RM1.00 each representing the entire issued and paid-up share capital of Insan Prestij Sdn Bhd (“IPSB”) by Plenitude Bhd (“PB”) for RM2.5 million payable by cash and assumption of debt of approximately RM35 million.

On 24 February 2004, the Company had entered into a Sale and Purchase Agreement (“SPA”), with Rabindranah Nandy A/L B B Nandy and Boo Soon Noi to acquire the entire issued and paid-up share capital of IPSB, comprising 2 ordinary shares of RM1.00 each for cash consideration of RM2.5 million and assumption of debt of approximately RM35 million.

The Company has obtained the approval of Foreign Investment Committee (“FIC”) on 27 July 2004 and the shares of IPSB are currently in the process of transfer.

ii)  Proposed Reorganisation whereby PB shall acquire the entire equity interest in Plenitude Holdings Sdn. Bhd. (“PHSB”) comprising 49,242,908 ordinary shares of RM1.00 each in PHSB from Ciprani Sdn Bhd (“CSB”), a wholly-owned subsidiary company of PB which owns 100% equity interest in PHSB

The Company had on 15 March 2004 entered into a SPA with CSB, a wholly-owned subsidiary company of the Company which owns 100% equity interest in PHSB, to acquire the entire issued share capital of PHSB for a total purchase consideration of RM115,956,722. As a result of the SPA, PHSB will change from an indirect wholly-owned subsidiary company of PB to become a direct wholly-owned subsidiary company of PB.

The Proposed Reorganisation is pending for approval of the FIC.

b) Status of Utilisation of Proceeds
As at the date of this report, the proceeds raised from the Public Issue pursuant to the listing of the Company on the Main Board of Bursa Securities, amounting to RM54 million were utilised as follows: