TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (LATTREE OR COMPANY) - PROPOSED ACQUISITION OF THE REMAINING 15% OF THE EQUITY INTEREST THAT IT DOES NOT CURRENTLY OWN IN AN EXISTING SUBSIDIARY COMPANY
| LATITUDE TREE HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LATITUDE TREE HOLDINGS BERHAD (LATTREE OR COMPANY) - PROPOSED ACQUISITION OF THE REMAINING 15% OF THE EQUITY INTEREST THAT IT DOES NOT CURRENTLY OWN IN AN EXISTING SUBSIDIARY COMPANY |
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This announcement is dated 1 April 2016.
Further to our announcement made on 23 February 2016, the Board of Directors of LatTree wishes to inform that the proposal acquisition of the remaining 15% of the equity interest of the equity interest that it does not currently own in Grob Holz Company Limited (“Grob Holz”) from Konsortium Kontrek Sdn Bhd for a cash consideration of RM2,525,000.00 has been completed on 1 April 2016 and Grob Holz has become a wholly-owned subsidiary of Grob Holz Sdn Bhd, which in turn a wholly-owned subsidiary of LatTree. |
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Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 01 Apr 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24032016-00003 |
