Investor Relations

Jaya Tiasa Holdings Berhad ("JTH") Acquisition Of Shares In Subsidiary Company - Simalau Plantation Sdn Bhd (Company No. 464380-W) ("SPSB")
BackJun 18, 2002
General Announcement
Reference No JT-020618-51298
Company Name : JAYA TIASA HOLDINGS BHD 
Stock Name : JTIASA
Date Announced : 18/06/2002

Type : Announcement
Subject : JAYA TIASA HOLDINGS BERHAD ("JTH")
ACQUISITION OF SHARES IN SUBSIDIARY COMPANY - SIMALAU PLANTATION SDN BHD (COMPANY NO. 464380-W) ("SPSB")

Contents :

The Board of Directors of Jaya Tiasa Holdings Berhad ("JTH") wishes to announce that on 18 June 2002, JTH has entered into an Agreement with Assar Plantations Holding Sdn Bhd ("the Vendor") to acquire the remaining 1,000 ordinary shares of RM1.00 each representing 10% of the issued and paid-up share capital of SPSB for a total cash consideration of RM2,250,000.

Upon completion of the abovementioned acquisition, SPSB becomes a wholly-owned subsidiary of JTH.

None of the Directors or substantial shareholders or persons connected with a Director or substantial shareholder of JTH has any interest, direct or indirect, in the abovementioned acquisition.