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 |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | 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 |
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 Name | LATITUDE TREE HOLDINGS BERHAD |
Stock Name | LATITUD |
Date Announced | 31 Dec 2012 |
Category | General Announcement |
Reference No | CC-121231-33750 |