Company Announcements

Date : 31 October 2011

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

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionLATITUDE 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.
Please refer to the attached for full details of the announcement.

This announcement is dated 31 October 2011.


Announcement Info

Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD    
Date Announced31 Oct 2011  
CategoryGeneral Announcement
Reference NoCC-111027-57746

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