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Annual Report
2018
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Announcements

Date: 03 May 2010

General Announcement

Amended Announcement

Type
:
Announcement
Subject
:
BERTAM ALLIANCE BERHAD ("BERTAM OR THE COMPANY")
- Disposal of 300,000 ordinary shares and 540,000 Preference Shares in Cabaran Subang Sdn. Bhd. to Koperasi Pendidikan Islam Malaysia Berhad at the total cash consideration of RM5,822,730.00; and
- Disposal of 250,000 ordinary shares and 450,000 Preference Shares in Cabaran Subang Sdn. Bhd. to Peak Landmark Sdn. Bhd. at the total cash consideration of RM4,852,268.00

Contents
:
The Board of Directors of Bertam wishes to announce that the Company has on 30 April 2010 entered into the following Share Sale Agreements ("Agreements"):-

(a) a Share Sale Agreement ("1st Agreement") with Koperasi Pendidikan Islam Malaysia Berhad (Registration No. W-6-0302) ("the Purchaser" or "KPIMB") to dispose of its 300,000 ordinary shares in Cabaran Subang Sdn. Bhd. (Company No. 589232-T) ("CSSB"), a 55%-owned subsidiary of the Company, representing 30% of the total issued and paid-up capital of CSSB and 540,000 Preference Shares in CSSB at a total cash consideration of RM5,822,730.00; and

(b) a Share Sale Agreement ("2nd Agreement") with Peak Landmark Sdn. Bhd. (Company No. 804612-X) ("the Purchaser" or "PLSB") to dispose of its 250,000 ordinary shares in CSSB, representing 25% of the total issued and paid-up capital of CSSB and 450,000 Preference Shares in CSSB at a total cash consideration of RM4,852,268.00;

(Collectively known as "Disposals")

In consequence thereof, CSSB shall cease to be a subsidiary of the Company.

The details of the Disposals are set out in the attachment below.

The above amended announcement supersedes the announcement made on 30 April 2010.


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ATTACHMENT

- Announcement-share sale agreements.pdf

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