TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “COMPANY”) PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL") FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM117,692,250.00) (“PROPOSED ACQUISITIONS”)
| LATITUDE TREE HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “COMPANY”) PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL") FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM117,692,250.00) (“PROPOSED ACQUISITIONS”) |
This announcement is dated 12 November 2013. Reference is made to the announcements dated 5 February 2013, 28 February 2013, 15 March 2013, 28 March 2013, 9 May 2013, 2 August 2013 and 21 August 2013 in relation to the Proposed Acquisitions (“Earlier Announcements”) and the circular to shareholders of LTHB dated 5 August 2013 (“Circular”). Unless otherwise stated, the capitalised expressions used throughout this announcement shall have the same meaning as defined in the Earlier Announcements and Circular. On behalf of the board of directors of LTHB, AmInvestment Bank Berhad wishes to inform that the High Court of the Republic of Singapore had, on 6 November 2013, granted an Order of Court (“Order”) for LTIGL to carry out the Proposed SCR. As stated in the Circular, once the High Court of the Republic of Singapore has made an Order approving the Proposed SCR, the Proposed SCR will take effect upon the Order being lodged with the Registrar of Companies appointed under Companies Act (Chapter 50) of Singapore. Upon completion of the Proposed SCR, the issued share capital of LTIGL (excluding treasury shares) shall be reduced from 239,636,000 LTIGL Shares to 53,636,000 LTIGL Shares as a result of the cancellation of 186,000,000 LTIGL Shares held by LTHB. | |
Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 12 Nov 2013 |
| Category | General Announcement |
| Reference No | MB-131112-55188 |
