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

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17-11-2015

 

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 dated 21 May 2014, 17 June 2014, 19 January 2015, 12 February 2015 
and 28 September 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 that CMD and the Vendor had on 10 November
2015 mutually agreed to further extend the date for fulfilment of the Conditions Precedent stipulated in
the SPA and Supplemental Agreement from 10 November 2015 until 10 February 2016, so as to allow
sufficient time for the Vendor and CMD to fulfil all the Conditions Precedent stipulated in the SPA and
Supplemental Agreement for the completion of the SPA and Supplemental Agreement. Any further extension after the expiry of the abovementioned date will be subject to agreement
between both parties. This announcement is dated 17 November 2015.





Announcement Info

Company Name TITIJAYA LAND BERHAD
Stock Name TITIJYA
Date Announced 17 Nov 2015
Category General Announcement for PLC
Reference Number GA1-17112015-00077