Type | Announcement |
Subject | Year 2000 (Y2K) Disclosure By Public Listed Companies |
The Maica Group of Companies ("the Group") has become Y2K compliant since 1 October, 1999.
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.
As announced before, there would be no impact on the Group even if it fails to be Y2K ready as the Group's overall potential exposure to the Y2K problem is minimal.
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.
As announced before, there is no such exposure for the Group as the Group's systems do not interface with any external party.
4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.
The actual cost incurred todate is below RM20,000.00.
5. Describe your company and subsidiaries' contingency plan in relation to the Y2K issue to ensure continued operation.
The Group has not made any contingency plan in relation to the Y2K issue as the Group's overall potential exposure to the Y2K problem is minimal.
Company Name | MALAYSIA AICA BERHAD |
Stock Name | M AICA |
Date Announced | 5 Oct 1999 |
Category | General Announcement |
Reference No | CU-991005-36648 |