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08 Apr 2013


Tambun Indah Land Berhad ("Tambun Indah" or "the Company")
- Sales of Properties to Related Parties

Further to the announcement on 04 April 2013, the Company wishes to inform the following:-
1) The total amount transacted with Mr. Thaw Yeng Cheong, a related party for preceding 12 months was RM409,200 and these, this, was derived from the sales consideration of the following property purchased by him:-

No.
Related Party Description of Property
Selling Price
1.
Legacy Immobiliare Sdn. Bhd. Unit 22-10, Straits Garden Studio / Executive Suite measuring 610 sq ft.
RM409,200
Total
RM409,200

    The total amount transacted with Mr. Tsai Yung Chuan, a related party for preceding 12 months was RM689,130 and this, was derived from the sales consideration of the following property purchased by him:-

No.
Related Party Description of Property
Selling Price
1.
Amal Pintas Sdn. Bhd. Unit 28-08, Straits Garden Condominium measuring 1,302 sq ft.
RM689,130
Total
RM689,130


2) Premcourt Development Sdn. Bhd. (Premcourt), a wholly-owned subsidiary of Tambun Indah is the developer of the Straits Garden Project and the sale of Straits Garden Condominiums and Straits Garden Studio / Executive Suites are in the ordinary course of business of Premcourt which brings revenue and positive cash flow to the Group.

3) Save for Thaw Yeng Cheong and Tsai Yung Chuan, the interested directors, the Board, having considered the rationale as stated on item (2) above, is of the view that the related party transactions are in the best interest of the Company.

This announcement is dated 08 April 2013.