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Annual Report
2018
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Announcements

Date: 17 December 2010

General Announcement

Type
:
Announcement
Subject
:
BERTAM ALLIANCE BERHAD ("BERTAM" OR "THE COMPANY")
- DISPOSAL OF SHARES IN BERTAM BY MIRAMAS DEVELOPMENT SDN. BHD. ("MDSB"), SUBSTANTIAL SHAREHOLDER OF THE COMPANY, MR NG SING HWA AND MR NG CHEE HUA, SUBSTANTIAL SHAREHOLDERS AND DIRECTORS OF THE COMPANY, WHO ARE ALSO DIRECTORS AND SHAREHOLDERS OF MDSB

Contents
:
The Board of Directors of Bertam wishes to announce that the Company had on 16 December 2010 received the notification from the Directors of the Company, who are also the Directors and Shareholders of MDSB, that Mr Ng Sing Hwa and Mr Ng Chee Hua and MDSB, whom are the substantial shareholders of the Company, had on 13 December 2010 entered into a Conditional Sale Agreement with an investor to dispose of up to 50 million ordinary shares in Bertam, representing 24.18% of the total issued and paid-up share capital of the Company, at a total consideration of RM33.4 million ("Disposal").

The Disposal is expected to be completed on or before 30 November 2011.

The announcement is made pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


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