General Announcement for PLC

06/02/2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALAM TRANSFORM BERHAD ("TTB" or "the Company") PROPOSED DISPOSAL OF THE ENTIRE 100% EQUITY INTEREST IN MALIM ENTERPRISE (HK) LIMITED, A COMPANY INCORPORATED IN HONG KONG, BY ERA-CASA SDN BHD AND TALAM PLANTATIONS SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF TTB, TO WORLD LUCKY BUSINESS CHIEF CLUB 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") 

PROPOSED DISPOSAL OF THE ENTIRE 100% EQUITY INTEREST IN MALIM ENTERPRISE (HK) LIMITED, A COMPANY INCORPORATED IN HONG KONG, BY ERA-CASA SDN BHD AND TALAM PLANTATIONS SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF TTB, TO WORLD LUCKY BUSINESS CHIEF CLUB LIMITED

The Board of Directors of TTB wishes to announce that Era-Casa Sdn Bhd (Company No. 259526-T) [“ECSB”] and Talam Plantations Sdn Bhd (Company No. 147570-X) [“TPSB”], both being the Vendors and wholly-owned subsidiaries of the Company, have on 6 February 2018 entered into a Shares Sale Agreement (“SSA”) with World Lucky Business Chief Club Limited (Company No. 1296481) (“WLBCC” or “Purchaser”), a company incorporated in Hong Kong to dispose the entire 100% equity interest (“Sale Shares”) in Malim Enterprise (HK) Limited (Company No. 377635) (“MEL”), a company incorporated in Hong Kong to WLBCC, for a total cash consideration of RMB3,200,000-00 (which is equivalent to approximately RM1,960,000-00) [“Proposed Disposal”].

 

This announcement is dated 6 February 2018.


Please refer attachment below.


Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 06 Feb 2018
Category General Announcement for PLC
Reference Number GA1-06022018-00118


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