We refer to our previous announcements dated 21 August 2014 and 18 September 2014.
The Company has been informed by Tan Sri Dato (Dr) Ir Chan Ah Chye @ Chan Chong Yoon (TSDCAC), a Director and substantial shareholder of the Company, that he had on 17 October 2014 entered into a conditional share sale agreement (SSA) with Kumpulan Europlus Berhad (Company No. 534368-A) (KEB) for the proposed disposal of 900,000,000 ordinary shares of RM0.20 each in TTB (TTB Share(s)) representing 21.34% of the issued and paid-up share capital of TTB of 4,217,643,762 TTB Shares (excluding 2,635,800 treasury shares held by TTB), by KEB to TSDCAC for a total cash consideration of approximately RM99.00 million (or equivalent to RM0.11 per TTB Share).
The conditions precedent of the SSA include inter-alia, the approval from the shareholders of KEB.
This announcement is dated 17 October 2014.