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Disposal of Interest in Shares of Pulai Springs Berhad
Posted: 15 September 2011

The Board of Directors of PSC Corporation Ltd. wishes to announce that its wholly owned subsidiary, PSC Resort Pte Ltd, has received an offer on 22 August 2011 in relation to the disposal of its interest in 18,506,777 issued and paidup ordinary shares in the capital of Pulai Springs Berhad for a cash consideration of RM21,837,997 (approximately S$8,931,741, based on the exchange rate of S$0.4090:RM1 as at 12 September 2011). The Board of Directors of PSC Resort had resolved toaccept the offer.

The Directors are of the view that the Proposed Disposal is in the interests of, and commercial benefit to the Company to realize the investment.

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