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Proposed Acquisition Of 9,000 Ordinary Shares Of Rm1.00 Each Representing 90% Of The Issued And Paid-Up Share Capital Of Simalau Plantation Sdn Bhd ("SPSB") ["Proposed Acquisition"]

BackJan 17, 2001

General Announcement
Reference No JT-010117-6F13C

Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	17/01/2001


Type	:	Announcement
Subject	:	PROPOSED ACQUISITION OF 9,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 90% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SIMALAU PLANTATION SDN BHD ("SPSB") ["PROPOSED ACQUISITION"]

Contents :

Further to the Company's annoucement dated 7 July 2000, the Board of Directors of JAYA TIASA HOLDINGS BERHAD ("JTHB" or "the Company") is pleased to announce that the Foreign Investment Committee ("FIC") has on 13 October 2000 approved the Proposed Acquisition by JTHB of 9,000 ordinary shares of RM1.00 each representing 90% of the issued and paid-up share capital of SPSB for a total cash purchase consideration of Ringgit Malaysia Twelve Million Six Hundred and Seventy-Six Thousand and Two Hundred and Thirty (RM12,676,230).

The Proposed Acquisition has been completed on 15 January 2001.

Investor Relations

Proposed Acquisition Of 9,000 Ordinary Shares Of Rm1.00 Each Representing 90% Of The Issued And Paid-Up Share Capital Of Simalau Plantation Sdn Bhd ("SPSB") ["Proposed Acquisition"]

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