The Board of Directors of TTB wishes to
announce that the Company's subsidiaries has on 8 August 2014 entered into the following three (3) separate Sale of Shares Agreements (SSA) with Plenitude Silver Sdn Bhd
(Company No. 950498-A) (PSSB) to dispose of shares to PSSB (Disposals):-
(i) SSA between Europlus Corporation Sdn Bhd (Company No. 212846-A) and PSSB for the
disposal of two (2) Ordinary Shares of RM1.00 each representing 100% equity interest
in Classic Fortune Sdn Bhd (Company No. 213486-W) (CFSB) to PSSB for a
total cash consideration of Ringgit Malaysia One Hundred (RM100.00) only; and
(ii) SSA between Winax Development Sdn Bhd (Formerly known as Talam Premium Development Sdn Bhd (Company No. 261178-X) and PSSB for the
disposal of five hundred thousand (500,000) Ordinary Shares of RM1.00 each representing 100% equity
interest in Juara Tiasa Sdn Bhd (Company No. 449457-W) (JTSB) to
PSSB for a total cash consideration of Ringgit Malaysia One Hundred (RM100.00) only.
(iii) SSA between Europlus Berhad (Company No. 520-H) and PSSB for the disposal of one thousand (1,000) Ordinary Shares of RM1.00 each representing 100% equity interest in Larut Leisure Enterprise Sdn Bhd (Company No. 226113-U) (LLESB) to PSSB for a total cash consideration of Ringgit Malaysia One Hundred (RM100.00) only.
CFSB, JTSB and LLESB, will cease to be subsidiaries of TTB upon completion
of the Disposals on 13 August 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 8 August 2014.