Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
03-11-2022
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | ACQUISITION BY CITY MERIDIAN DEVELOPMENT SDN BHD ("CMD" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF TITIJAYA, OF A PARCEL OF LEASEHOLD LAND HELD UNDER PN 4022, LOT NO. 12174, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG ("LAND") FROM TITIJAYA GROUP SDN BHD ("TGSB" OR "VENDOR") FOR CASH CONSIDERATION OF RM126,000,000 ("ACQUISITION") |
We refer to the announcements dated 21 May 2014, 17 June 2014, 19 January 2015, 12 February 2015, 28 September 2015, 17 November 2015, 16 February 2016, 26 May 2016, 9 January 2017, 13 November 2017, 2 November 2018, 1 November 2019, 2 November 2020 and 2 November 2021, in relation to the Acquisition (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcements in relation to the Acquisition.
Further to the announcement dated 2 November 2021, on behalf of the Board, TA Securities wishes to announce that CMD and the Vendor had via the letter dated 28 October 2022 mutually agreed to a further extension of time to 4 November 2023 for the Vendor to procure and obtain the Development Approvals in respect of the Land.
Notwithstanding the above, as at 3 November 2022, the Vendor has continued to liaise and follow up with the Jabatan Perancang Bandar dan Desa Pulau Pinang and the Penang Development Corporation to obtain the Development Approvals.
This announcement is dated 3 November 2022.
Announcement Info
| Company Name | TITIJAYA LAND BERHAD |
| Stock Name | TITIJYA |
| Date Announced | 03 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03112022-00058 |