Multiple Proposals

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10-08-2017

Type Announcement
Subject MULTIPLE PROPOSALS
Description

TITIJAYA LAND BERHAD ("TLB" OR THE "COMPANY") (I) PROPOSED ISSUANCE OF CONSIDERATION SHARES; (II) PROPOSED SHARE SPLIT; AND (III) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcements dated 30 September 2016, 11 November 2016, 16 December 2016, 23 December 2016, 13 January 2017, 24 February 2017, 20 June 2017, 3 July 2017 and 31 July 2017 in relation to the Proposals (“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 TKSB had on 9 August 2017 entered into a supplemental share sale agreement to vary the late payment interest as consideration to extend the completion date up to 25 September 2017, from 6% per annum tabulated on daily basis to 7.35% per annum tabulated on daily basis, over the balance purchase price (i.e., after excluding the refundable deposit of 10% of the purchase price payable to TKSB) between the expiry of the Extended Completion Date to the date upon which the Company settles the balance purchase price to TKSB.

This announcement is dated 10 August 2017.





Announcement Info

Company Name TITIJAYA LAND BERHAD
Stock Name TITIJYA
Date Announced 10 Aug 2017
Category General Announcement for PLC
Reference Number GA1-09082017-00059