TThe Board of Directors of LTHB wishes to announce that L-Tree Resources Sdn. Bhd., a wholly-owned subsidiary of the Company (“LTRSB”) had on 14 September 2018 entered into an In-Principle Agreement (the “Agreement”) with Investment and Industrial Development Joint Stock Corporation (“IIDJSC”) for the purpose of leasing a parcel of land situated at Lot A-15B-CN in Bau Bang Industrial Park, Ben Cat District, Binh Duong Province, Vietnam measuring in approximately 44,193 square metres (the “Land Lot”) with the lease term commencing from 14 September 2018 until 30 June 2057 at a total land rental of VND67,084,974,000 only (equivalent to USD2,916,738 or RM12,087,254) (VND: Vietnam Dong), subject to terms and conditions as stipulated in the Agreement (the “Transaction”).

(LTRSB and IIDJSC are collectively referred to as the “Parties”).

This is a voluntary announcement pursuant to Paragraph 10.05(2) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

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

This announcement is dated 14 September 2018.