TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR THE “COMPANY”) PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL") FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM117,692,250.00) (“PROPOSED ACQUISITIONS”)
| 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”) PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL") FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM117,692,250.00) (“PROPOSED ACQUISITIONS”) |
Reference is made to the announcements dated 5 February 2013, 28 February 2013, 15 March 2013 and 28 March 2013 in relation to the offer made by LTHB (“Offer”) to LTIGL vide the former’s offer letter dated 5 February 2013 and supplemental offer letter dated 28 March 2013 in relation to the Proposed Acquisitions (collectively referred to as “Offer Letter”) (“Announcement(s)”). Unless otherwise stated, the capitalised expressions used throughout this announcement shall have the same meaning as defined in the Announcements. On 28 March 2013, on behalf of the Board of Directors (“Board”) of LTHB, AmInvestment Bank Berhad (“AmInvestment Bank”), had announced that LTIGL had agreed on even date to accept the revised Offer made by LTHB whereby the aggregate consideration for the Proposed Acquisitions was increased from SGD46,770,000 to SGD48,750,000. The Proposed Acquisitions are subject to, amongst others, the share sale agreement comprising the terms and conditions to be agreed upon by LTHB and LTIGL, the approval of the shareholders of LTIGL and LTHB and relevant regulatory authorities, where required. On behalf of the Board of LTHB, AmInvestment Bank wishes to announce that, on 9 May 2013, LTHB had entered into a conditional sale and purchase agreement (“SPA”) with LTIGL, a 77.62%-owned subsidiary of LTHB, to undertake the Proposed Acquisitions. Please refer to the attachment below for further details. This announcement is dated 9 May 2013. | |
Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 9 May 2013 |
| Category | General Announcement |
| Reference No | MB-130509-56441 |
