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Annual Report
2018
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Announcements

Date: 15 December 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED RATIFICATION ON THE JOINT VENTURE ("JV") 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, 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 ("JV") 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, 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, 9 August 2017, 7 September 2017, 2 November 2017 and 20 November 2017 ("Announcement") respectively in relation to the Proposed JV Ratification - Lot A Lands. Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

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

(i) the extension of time to submit the valuation report for Lot A Lands; and 

(ii) the extension of time to submit the draft circular for the Proposed JV Ratification - Lot A Lands ("Circular") to Bursa Securities for comments and clearance.

On 1 November 2017, Bursa Securities had granted the Company an extension of time until 31 December 2017 to comply with Paragraph 9.33 (1)(a) of the Main Market Listing Requirements ("MMLR"), i.e. submission of draft circular in relation to the Proposed JV Ratification - Lot A Lands to Bursa Securities.

On 7 December 2017, Sierac Corporate Advisers Sdn Bhd, on behalf of Bertam had submitted the valuation report on Lot A Lands to Bursa Securities and Securities Commission Malaysia ("SC") for review and clearance. Presently, the valuation report on Lot A Lands is pending clearance from SC's Asset Valuation Department.

The Board of Directors of Bertam had on 15 December 2017 submitted an application to Bursa Securities to seek approval from Bursa Securities for a further extension of time to submit the Circular to Bursa Securities.

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

This announcement is dated 15 December 2017.





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