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Annual Report
2018
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Announcements

Date: 07 September 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED RATIFICATION ON THE JOINT VENTURE BETWEEN SEPAKAT HEIGHTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BERTAM AND JUMAT BIN LAIYO FOR THE PROPOSED DEVELOPMENT OF LOT A LANDS INTO RESIDENTIAL DEVELOPMENT ("JV RESIDENTIAL PROJECT DEVELOPMENT"), STRICTLY CONDITIONAL UPON APPROVAL OF THE APPLICATION FOR AMALGAMATION, SUBDIVISION AND CONVERSION OF THE LAND TITLES IN LOT A LANDS FROM NATIVE TITLES INTO COUNTRY LEASE TITLES AND/OR TOWN LEASE LANDS ("PROPOSED JV RATIFICATION - LOT A LANDS")


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description PROPOSED RATIFICATION ON THE JOINT VENTURE BETWEEN SEPAKAT HEIGHTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BERTAM AND JUMAT BIN LAIYO FOR THE PROPOSED DEVELOPMENT OF LOT A LANDS INTO RESIDENTIAL DEVELOPMENT ("JV RESIDENTIAL PROJECT DEVELOPMENT"), STRICTLY CONDITIONAL UPON APPROVAL OF THE APPLICATION FOR AMALGAMATION, SUBDIVISION AND CONVERSION OF THE LAND TITLES IN LOT A LANDS FROM NATIVE TITLES INTO COUNTRY LEASE TITLES AND/OR TOWN LEASE LANDS ("PROPOSED JV RATIFICATION - LOT A LANDS")

Reference is made to the announcements made by the Company on 22 May 2017, 24 May 2017, 6 June 2017 and 9 August 2017 respectively in relation to the Proposed JV Ratification - Lot A Lands. Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

Pursuant to the Paragraph 10.04(3)(a) of the Main Market Listing Requirements ("MMLR), the Company is required to submit the valuation report for Lot A Lands and a copy of the valuer's undertaking letter to Bursa Malaysia Securities Berhad ("Bursa Securities") at least one (1) month before it submit the draft circular for the Proposed JV Ratification-Lot A Lands ("Circular") to Bursa Securities.

The Board of Directors of Bertam Alliance Berhad ("Bertam" or "the Company") had on 7 September 2017 submitted an application to Bursa Securities to seek the approval from Bursa Securities for the following:-

i)             Extension of time to submit the valuation reports for Lot A Lands from 21 September 2017 to 21 November 2017. If the Company or any of its subsidiaries has entered into additional transaction on the Acquisition of Contiguous Lands, the valuation reports on the Acquisition of Contiguous Lands will also be submitted together by 21 November 2017 to Bursa Securities;

ii)            Extension of time to submit the draft circular to its shareholders in relation to the Proposed JV Ratification - Lot A Lands to Bursa Securities at least one (1) month after the submission of the valuation report for Lot A Lands. If the Company or any of its subsidiaries has entered into additional transaction on the Acquisition of Contiguous Lands, the draft circular to be submitted to Bursa Securities will include the same; and

iii)           Extension of time up to 31 December 2017 to comply with Paragraph 9.33(1)(a) of the MMLR for the Company to submit the draft circular in relation to the Proposed JV Ratification - Lot A Lands together with any additional transaction on the Acquisition of Contiguous Lands, should the Company enter into for the same.

Further development in regards to the above matter will be announced to Bursa Securities in due course.

This announcement is dated 7 September 2017.





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