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. FOR AN AGGREGATE CONSIDERATION OF SGD46,770,000.00 (RM117,018,540.00)
| 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. FOR AN AGGREGATE CONSIDERATION OF SGD46,770,000.00 (RM117,018,540.00) |
On behalf of the Board of Directors of LTHB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”), wishes to announce that the Company proposes to acquire all the subsidiaries of Latitude Tree International Group Ltd. (“LTIGL”), a 77.62% owned subsidiary of LTHB, for an aggregate consideration of SGD46,770,000.00 (“Purchase Consideration”) (“Proposed Acquisitions”).
Please refer to the attachment below for further details. This announcement is dated 5 February 2013. | |
Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 5 Feb 2013 |
| Category | General Announcement |
| Reference No | MB-130205-60332 |
