The Board of Directors of TTB wishes to
announce that the Company had on 24 December 2014 entered into a Sale of Shares Agreement with Noblepace (M) Sdn Bhd (Company No. 264712-T) (NPSB) for the disposal of two (2) Ordinary Shares of RM1.00 each representing 100% equity interest in TCB Resources Sdn Bhd (Company No. 266187-K) (TCBR), to NPSB for a total cash consideration of Ringgit Malaysia One (RM1.00) only ("Disposal").
TCBR will cease to be a subsidiary of TTB upon completion
of the Disposal on 24 December 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 24 December 2014.