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Annual Report
2018
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Announcements

Date: 21 June 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BERTAM ALLIANCE BERHAD ("BERTAM" or "the Company") - ACQUISITION OF INDIRECT WHOLLY-OWNED SUBSIDIARIES


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description BERTAM ALLIANCE BERHAD ("BERTAM" or "the Company") - ACQUISITION OF INDIRECT WHOLLY-OWNED SUBSIDIARIES

The Board of Directors of Bertam Alliance Berhad ("Bertam" or "the Company") wishes to announce that Bertam Development Sdn Bhd, a wholly-owned subsidiary of the Company ("Bertam Development") had on 21 June 2017 acquired the following subsidiary company:-

1)            SKB Pinang Sdn Bhd (Company No. 1222778-W)

2)            Sumbang Merah Sdn Bhd (Company No. 1221718-A)

(collectively "Subsidiaries")

The issued share capital of the Subsidiaries is RM1.00 comprising one (1) ordinary shares for each subsidiary. The intended principal business activity of each of the Subsidiary is property development.

The Acquisition of subsidiaries is not expected to have any material effect on the earnings and net assets of the Company for the financial year ending 31 December 2017 and not subject to the approval of the shareholders of the Company or other relevant authorities.

None of the directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect in the Acquisition.

This announcement is dated 21 June 2017.





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