Company Announcements

Date : 31 December 2012

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “THE COMPANY”) - DISPOSAL OF 1,405,250 ORDINARY SHARES OF NTD10 EACH IN WIN YUAN BIO TECH CO. LTD. (“WIN YUAN”) REPRESENTING 35% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF WIN YUAN BY UPTOWN PROMENADE SDN BHD (“UPSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CONSIDERATION OF NTD5,000,000

LATITUDE TREE HOLDINGS BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionLATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “THE COMPANY”)
- DISPOSAL OF 1,405,250 ORDINARY SHARES OF NTD10 EACH IN WIN YUAN BIO TECH CO. LTD. (“WIN YUAN”) REPRESENTING 35% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF WIN YUAN BY UPTOWN PROMENADE SDN BHD (“UPSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CONSIDERATION OF NTD5,000,000
The Board of Directors of LTHB wishes to announce that UPSB, a wholly-owned subsidiary of the Company, had on 31 December 2012 entered into a Sale and Purchase Agreement with Mr Chen Cheng-Pin (“CCP”) for the disposal of 1,405,250 ordinary shares of NTD10 each in Win Yuan, representing 35% of the issued and paid-up share capital of Win Yuan, to CCP for a total consideration of NTD5,000,000 or approximately RM527,009 (based on exchange rate of RM1.00:NTD9.4875).
Please refer to the attached for full details of the announcement.

This is a voluntary announcement under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 31 December 2012.



Announcement Info

Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD    
Date Announced31 Dec 2012  
CategoryGeneral Announcement
Reference NoCC-121231-33750

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