The Board of Directors of TTB wishes to
announce that the Company and its wholly-owned subsidiary, Europlus Corporation Sdn Bhd have on 5 December 2014 entered into the following two (2) separate Sale and Purchase of Shares Agreements (SSA) with Capital Advance Corporation Sdn Bhd
(Company No. 271295-D) (CACSB) to dispose of shares to CACSB (Disposals):-
(i) SSA between Talam Transform Berhad (Company No. 1120-H) and CACSB for the
disposal of two (2) Ordinary Shares of RM1.00 each representing 100% equity interest
in Regobase Sdn Bhd (Company No. 319766-A) (RSB) to CACSB for a
total cash consideration of Ringgit Malaysia One (RM1.00) only; and
(ii) SSA between Europlus Corporation Sdn Bhd (Company No. 212846-A) and CACSB for the disposal of two (2) Ordinary Shares of RM1.00 each representing 100% equity interest in Trans Liberty Sdn Bhd (Company No. 211862-M) (TLSB) to CACSB for a total cash consideration of Ringgit Malaysia One (RM1.00) only.
RSB and TLSB, will cease to be subsidiaries of TTB upon completion
of the Disposals on 5 December 2014.
None of the Directors and/or the major
shareholders of the Company and/or persons connected with them have any interest,
direct or indirect in the Disposals and no approval of shareholders is
required.
This announcement is dated 5 December 2014.