The
Board of Directors of TTB wishes to announce that the Company's 51%-subsidiary, Gemapantas Sdn Bhd ("GPSB") has
on 16 January 2014 entered into a Shares Sale Agreement (SSA) with Plenitude
Silver Sdn Bhd (Company No. 950498-A)
[PSSB] to dispose of 1,200,000 ordinary shares of RM1.00 each and 6,000 5% Cumulative Redeemable Preference Shares of RM1.00 each representing 60% equity interest in Beruntung Transport City Sdn Bhd
("BTC") to PSSB for a total cash consideration of Ringgit
Malaysia Two (RM2.00) only (Disposal).
BTC will cease to
be a subsidiary of GPSB upon completion of the Disposal on 20 January 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 Disposal and
no approval of shareholders is required.
This announcement is dated 16 January 2014.