General Announcement for PLC

28/03/2019

OTHERS TALAM TRANSFORM BERHAD ("TTB" or "the Company") GLOBAL SETTLEMENT AGREEMENT BETWEEN WCE HOLDINGS BERHAD AND TALAM TRANSFORM BERHAD

TALAM TRANSFORM BERHAD

Type Announcement
Subject OTHERS
Description 
TALAM TRANSFORM BERHAD ("TTB" or "the Company")

GLOBAL SETTLEMENT AGREEMENT BETWEEN WCE HOLDINGS BERHAD AND TALAM TRANSFORM BERHAD

We refer to our announcement dated 27 March 2019 and wish to clarify that the execution of the Global Settlement Agreement between WCE Holdings Berhad (“WCE”) and TTB was the result of an amicable settlement between WCE and TTB arising from TTB’s recourse to seek recovery of losses from WCE for the land auctioned by Bangkok Bank Berhad as disclosed in Note 8 (i) (Material Litigation) in our previous announced quarterly results.

 

This announcement is dated 28 March 2019.



Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 28 Mar 2019
Category General Announcement for PLC
Reference Number GA1-28032019-00123


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