TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “THE COMPANY”) - DISPOSAL OF 1,997,500 ORDINARY SHARES OF THB100 EACH IN GROB HOLZ CO. LTD. (“GHCL”) REPRESENTING 85% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GHCL BY GROB HOLZ SDN BHD (“GHSB”) TO LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”) FOR A TOTAL CONSIDERATION OF THB148,560,000
LATITUDE TREE HOLDINGS BERHAD |
Type | Announcement | |||
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS | |||
Description | LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “THE COMPANY”) - DISPOSAL OF 1,997,500 ORDINARY SHARES OF THB100 EACH IN GROB HOLZ CO. LTD. (“GHCL”) REPRESENTING 85% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GHCL BY GROB HOLZ SDN BHD (“GHSB”) TO LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”) FOR A TOTAL CONSIDERATION OF THB148,560,000 | |||
The Board of Directors of LTHB wishes to announce that GHSB, a wholly-owned subsidiary of the Company, had on 31 October 2011 entered into a Sale and Purchase Agreement with LTIG, a subsidiary of the Company, and Konsortium Kontrek Sdn Bhd for the disposal of 1,997,500 ordinary shares of THB100 each in GHCL, representing 85% of the issued and paid-up share capital of GHCL, to LTIG for a total cash consideration of THB148,560,000 or approximately RM14,831,972.
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Announcement Info
Company Name | LATITUDE TREE HOLDINGS BERHAD |
Stock Name | LATITUD |
Date Announced | 31 Oct 2011 |
Category | General Announcement |
Reference No | CC-111027-57746 |