General Announcement for PLC

27/10/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TFP SOLUTIONS BERHAD ("COMPANY") ACQUISITION

TFP SOLUTIONS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
TFP SOLUTIONS BERHAD ("COMPANY")

ACQUISITION

We refer to the announcements made on 23 April 2021, 30 April 2021, 24 May 2021, 11 June 2021, 14 June 2021, 23 June 2021, 22 July 2021, 3 September 2021 and 23 September 2021 in relation to the Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the Company and the Vendors had on 27 October 2021 mutually agreed not to proceed with the SSA. The Company will instead focus in growing the business of One Gold Sdn Bhd (“OneGold”) together with AIAB.  OneGold is a joint venture company between the Company and ACE Capital Growth Sdn Bhd (“ACE Capital”) whereby the Company has 60% equity interest and ACE Capital has 40% equity interest in OneGold. ACE Capital is a wholly-owned subsidiary of AIAB.

 

This announcement is dated 27 October 2021.



Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 27 Oct 2021
Category General Announcement for PLC
Reference Number GA1-26102021-00083


Related Announcements for TFP
Date Title
24/12/2021 OTHERS TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - APPOINTMENT OF NEW EXTERNAL AUDITORS
18/11/2021 OTHERS TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - RESIGNATION OF AUDITORS
18/10/2021 MEMORANDUM OF UNDERSTANDING TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN ITS 75% INDIRECT OWNED SUBSIDIARY, JEJAK SEMANGAT SDN. BHD. AND LANDASAN SALAM SDN. BHD.
07/10/2021 MEMORANDUM OF UNDERSTANDING TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN ITS WHOLLY-OWNED SUBSIDIARY, MBP SOLUTIONS SDN. BHD. AND NWP ACCESS SDN. BHD.
27/09/2021 Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
23/09/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TFP SOLUTIONS BERHAD ("TFP") ACQUISITION
15/09/2021 MEMORANDUM OF UNDERSTANDING TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN ITS 75% INDIRECT OWNED SUBSIDIARY, JEJAK SEMANGAT SDN. BHD. AND LANDASAN SALAM SDN. BHD.
30/08/2021 OTHERS TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN ITS 75% OWNED SUBSIDIARY, JEJAK SEMANGAT SDN. BHD. AND LANDASAN SALAM SDN. BHD.
19/08/2021 OTHERS TFP SOLUTIONS BERHAD ("TFP" OR "THE COMPANY") - UTILISATION OF EXTENSION OF TIME FOR ISSUANCE OF THE UNAUDITED QUARTERLY REPORTS FOR THE SECOND QUARTED ENDED 30 JUNE 2021
22/07/2021 MULTIPLE PROPOSALS TFP SOLUTIONS BERHAD ("TFP") (I) PROPOSED ACQUISITION; AND (II) PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")