Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
16-02-2016
| 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")
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We refer to the announcements dated 21 May 2014, 17 June 2014, 19 January 2015, 12 February 2015, 28 September 2015 and 17 November 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 16 February 2016 mutually agreed to further extend the date for fulfilment of the Conditions Precedent stipulated in the SPA and Supplemental Agreement from 10 February 2016 until 10 May 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 16 February 2016. |
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Announcement Info
| Company Name | TITIJAYA LAND BERHAD |
| Stock Name | TITIJYA |
| Date Announced | 16 Feb 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15022016-00030 |