Rhong Khen International Berhad - Company Announcements

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Company Announcements

Date : 14 November 2011

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “THE COMPANY”) - CALL OPTION IN RESPECT OF THE REMAINING 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GROB HOLZ CO., LTD (“GHCL”) BY LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”)

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”)
- CALL OPTION IN RESPECT OF THE REMAINING 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GROB HOLZ CO., LTD (“GHCL”) BY LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”)

The Board of Directors of LTHB wishes to announce that LTIG, a subsidiary of the Company, had on 14 November 2011 entered into a Call Option Agreement with Konsortium Kontrek Sdn Bhd ("KKSB") pursuant to which in consideration of the payment of S$1 by LTIG to KKSB, KKSB has granted LTIG a call option whereby LTIG shall be entitled (but not obliged) to purchase from KKSB 352,500 ordinary shares of par value THB100 each in the capital of GHCL representing the remaining 15% of the issued and paid-up share capital of GHCL not already owned by LTIG.

Please refer to the attached for full details of the announcement.

This announcement is dated 14 November 2011.