Company Announcements

Date : 14 September 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "THE COMPANY") - IN-PRINCIPLE AGREEMENT ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY AND INVESTMENT AND INDUSTRIAL DEVELOPMENT JOINT STOCK CORPORATION

LATITUDE TREE HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "THE COMPANY")
-	IN-PRINCIPLE AGREEMENT ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY AND INVESTMENT AND INDUSTRIAL DEVELOPMENT JOINT STOCK CORPORATION

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. 




Please refer attachment below.



Announcement Info

Company Name LATITUDE TREE HOLDINGS BERHAD
Stock Name LATITUD
Date Announced 14 Sep 2018
Category General Announcement for PLC
Reference Number GA1-12092018-00020



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