General Announcement for PLC
11/01/2022TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALAM TRANSFORM BERHAD ("TTB" or "the Company") PROPOSED DISPOSAL OF THE ENTIRE 85% EQUITY INTEREST IN JILIN PROVINCE MAXCOURT HOTEL LIMITED ("JPMHL"), A COMPANY INCORPORATED IN THE PEOPLE'S REPUBLIC OF CHINA BY MALIM ENTERPRISE (HK) LIMITED ("MEL"), A COMPANY INCORPORATED IN HONGKONG TO JILIN PROVINCIAL EXPRESSWAY GROUP COMPANY LIMITED ("JPEGCL") AND ASSIGNMENT AMOUNT OF CREDITOR'S RIGHTS, BY TTB AND MEL TO JPEGCL ("PROPOSED DISPOSAL")
| TALAM TRANSFORM BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TALAM TRANSFORM BERHAD ("TTB" or "the Company")
PROPOSED DISPOSAL OF THE ENTIRE 85% EQUITY INTEREST IN JILIN PROVINCE MAXCOURT HOTEL LIMITED ("JPMHL"), A COMPANY INCORPORATED IN THE PEOPLE'S REPUBLIC OF CHINA BY MALIM ENTERPRISE (HK) LIMITED ("MEL"), A COMPANY INCORPORATED IN HONGKONG TO JILIN PROVINCIAL EXPRESSWAY GROUP COMPANY LIMITED ("JPEGCL") AND ASSIGNMENT AMOUNT OF CREDITOR'S RIGHTS, BY TTB AND MEL TO JPEGCL ("PROPOSED DISPOSAL") |
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Further to our announcement made on 17 November 2021, the Company wishes to announce that all the conditions precedent in respect of the Proposed Disposal as stipulated in the Assignment Agreement between TTB and JPEGCL, and the Share Sale Agreement cum Assignment Agreement between MEL and JPEGCL, both dated 17 November 2021 have been fulfilled and hence, the Proposed Disposal is completed.
With the above completion, JPMHL cease to be an indirect 85% subsidiary of TTB.
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Announcement Info
| Company Name | TALAM TRANSFORM BERHAD |
| Stock Name | TALAMT |
| Date Announced | 11 Jan 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11012022-00031 |
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