The Board of Directors of TTB wishes to
announce that Maxisegar Sdn Bhd ("MSB"), a wholly-owned subsidiary of TTB had on 30 January 2015 entered into a Sale of Shares Agreement with Noblepace (M) Sdn Bhd (Company No. 264712-T) (NPSB) for the disposal of one hundred and fifty thousand (150,000) Ordinary Shares of RM1.00 each held by MSB and representing 60% equity interest in Noble Rights Sdn Bhd (Company No. 284586-T) (NRSB), to NPSB for a total cash consideration of Ringgit Malaysia One (RM1.00) only ("Disposal").
NRSB will cease to be a subsidiary of TTB upon completion
of the Disposal on 30 January 2015.
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 30 January 2015.