Home  |  Sitemap  |  Contact
Annual Report
2018
Download report
   
Announcements

Date: 20 December 2010

General Announcement

Type
:
Announcement
Subject
:
BERTAM ALLIANCE BERHAD ("BERTAM" or "the Company")
(1) 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 RM5.82 million; and
(2) 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 RM4.85 million.
("Disposal")

Contents
:
Further to the Company's announcement made on 30 April 2010 and 3 May 2010 pertaining to the disposal of shares in Cabaran Subang Sdn. Bhd. ("Sale Shares"), the Board of Directors wishes to announce that the Company had on 20 December 2010 entered into the Supplemental Agreements ("SA") to the Share Sale Agreements ("SSA") dated 30 April 2010 with Koperasi Pendidikan Islam Malaysia Berhad and Peak Landmark Sdn. Bhd. ("collectively known as "Purchasers") to vary the terms and conditions of the SSA.

Pursuant to the SA, both parties have agreed that arising from the variation to certain conditions set out in the SSA, the Disposal shall be deemed to be completed as at the date of the SA and any sum due and payable by the Purchasers to the Company shall be a debt owing by the Purchasers to the Company.

As at the date of the SA, the balance of the purchase consideration due and payable by the Purchasers is RM4.36 million which is expected to be paid on or before 30 April 2011 as against the total purchase consideration of RM10.67 million.



Back

Terms of Website Use
Designed by: