Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions

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12-02-2015

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description TITIJAYA LAND BERHAD (“COMPANY” OR “TITIJAYA”)

PROPOSED 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 (“PROPOSED ACQUISITION”

We refer to the announcements made by TA Securities Holdings Berhad ("TA Securities") on behalf of the Board of Directors of Titijaya ("Board") on 21 May 2014, 17 June 2014 and 19 January 2015 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcements in relation to the Proposed Acquisition. 

On behalf of the Board, TA Securities wishes to announce on that the updated valuation certificate in respect of the Land ("Updated Valuation Certificate") have been submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”) pursuant to paragraph 10.04 of the Main Market Listing Requirements of Bursa Securities.

The Updated Valuation Certificate will be made available for inspection at Titijaya's office at N-16-01, Penthouse, Level 16, First Subang, Jalan SS15/4G, 47500 Subang Jaya, Selangor during normal business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement. 

This announcement is dated 12 February 2015.

 


Announcement Info

Company Name TITIJAYA LAND BERHAD  
Stock Name TITIJYA    
Date Announced 12 Feb 2015  
Category General Announcement
Reference No OS-150212-56765