Investor Relations

Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
BackJul 04, 2023
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

PROPOSED ACQUISITION BY JAYA TIASA HOLDINGS BERHAD OF 55% EQUITY INTEREST IN WEALTH HOUSES DEVELOPMENT SDN BHD FOR A CASH CONSIDERATION OF RM52,250,000

The Board of Directors of Jaya Tiasa Holdings Berhad ("the Company") wishes to announce that the Company has on 4 July 2023 entered into a conditional Share Sale Agreement with Tiong Toh Siong Holdings Sdn Bhd, Tiong Toh Siong Enterprises Sdn Bhd and Knightbridge Venture Sdn Bhd to acquire 825,000 ordinary shares representing 55% equity interest in Wealth Houses Development Sdn Bhd for a cash consideration of RM52,250,000.

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 4 July 2023.

Please refer attachment below.


Announcement Info

Company Name JAYA TIASA HOLDINGS BHD
Stock Name JTIASA
Date Announced 04 Jul 2023
Category General Announcement for PLC
Reference Number GA1-04072023-00082



Attachments

  1. RPT_-_Share_Sale_Agreement.pdf (Size: 258,637 bytes)