The Board of Directors of Oversea wishes to announce that RTTSB, a wholly-owned subsidiary of Oversea had on 6 August 2013 entered into two (2) separate sale and purchase agreements ("SPA") with Syed Abdullah bin Syed Omar Shahabuddin and Syed Azniputra bin Syed Abdullah Shahabuddin respectively (collectively known as the "Vendors") to acquire two (2) units of single storey shops erected on the lands held under Pajakan Mukim 944, No. Lot 38625 and Pajakan Mukim 945, No. Lot 38626 respectively, both situated in Mukim of Empang, Daerah Hulu Langat, Negeri Selangor, free from encumbrances, for a purchase consideration of RM930,000.00 each.
This is a voluntary announcement pursuant to Rule 10.05(2) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.
Details of the Acquisition are set out in the ensuing attachment.
This announcement is dated 6 day of August 2013.