TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB”) - DISPOSAL OF 1,997,500 ORDINARY SHARES OF THB100 EACH IN GROB HOLZ CO. LTD. (“GHCL”) REPRESENTING 85% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GHCL BY GROB HOLZ SDN BHD (“GHSB”) TO LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”) FOR A TOTAL CONSIDERATION OF THB148,560,000
| LATITUDE TREE HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LATITUDE TREE HOLDINGS BERHAD (“LTHB”) - DISPOSAL OF 1,997,500 ORDINARY SHARES OF THB100 EACH IN GROB HOLZ CO. LTD. (“GHCL”) REPRESENTING 85% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GHCL BY GROB HOLZ SDN BHD (“GHSB”) TO LATITUDE TREE INTERNATIONAL GROUP LTD. (“LTIG”) FOR A TOTAL CONSIDERATION OF THB148,560,000 |
Further to our announcements made on 31 October 2011 and 2 November 2011, the Board of Directors of LTHB wishes to inform that the disposal of 1,997,500 ordinary shares of THB100 each in GHCL, representing 85% of the issued and paid-up share capital of GHCL by GHSB to LTIG for a total consideration of THB148,560,000 or approximately RM14,831,972 (based on exchange rate of RM1.00 : THB10.0162) have been completed on 26 November 2012 and the balance sum of the sale proceeds received in full by GHSB. This announcement is dated 27 November 2012. | |
Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 27 Nov 2012 |
| Category | General Announcement |
| Reference No | CC-121127-42272 |
