General Announcement for PLC
06/02/2018TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALAM TRANSFORM BERHAD ("TTB" or "the Company") TERMINATION OF SHARES SALE AGREEMENT BETWEEN MALIM ENTERPRISE (HK) LIMITED AND JILIN PROVINCE ZHUO YUE INVESTMENT CO. LIMITED FOR THE PROPOSED DISPOSAL OF THE ENTIRE 85% EQUITY INTEREST IN JILIN PROVINCE MAXCOURT HOTEL LIMITED
TALAM TRANSFORM BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | TALAM TRANSFORM BERHAD ("TTB" or "the Company") TERMINATION OF SHARES SALE AGREEMENT BETWEEN MALIM ENTERPRISE (HK) LIMITED AND JILIN PROVINCE ZHUO YUE INVESTMENT CO. LIMITED FOR THE PROPOSED DISPOSAL OF THE ENTIRE 85% EQUITY INTEREST IN JILIN PROVINCE MAXCOURT HOTEL LIMITED |
Further to our announcement dated 5 January 2017, the Company wishes to announce that Malim Enterprise (HK) Limited had on 6 February 2018 entered into a termination agreement with the Purchaser, Jilin Province Zhuo Yue Investment Co. Limited to mutually and amicably terminate the Shares Sale Agreement dated 5 January 2017 (“Termination”). The Termination was due to the failure of the Purchaser to obtain approval from the Trade and Industry Bureau of Jilin Province. The Termination will not have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 January 2019. None of the directors and/or the major shareholders of TTB and/or persons connected with them have any interest, direct or indirect in the Termination.
This announcement is dated 6 February 2018. |
Announcement Info
Company Name | TALAM TRANSFORM BERHAD |
Stock Name | TALAMT |
Date Announced | 06 Feb 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-06022018-00083 |