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08 Apr 2013


Tambun Indah Land Berhad ("Tambun Indah" or "the Company")
- Sale of Propery to Related Party

Further to the announcement on 04 April 2013, the Company wishes to inform the following:-
1) The total amount transacted with Mr. Neoh Sze Tsin, a related party for preceding 12 months was RM696,570 and this, was derived from the sale consideration of the following property purchased by him:-

No.
Related Party Description of Property
Selling Price
1.
Neoh SzeTsin &
Goh Siew Chen
Unit 21-07, Straits Garden Condominium measuring 1,345 sq ft.
RM696,570
Total
RM696,570

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 is in the ordinary course of business of Premcourt which brings revenue and positive cash flow to the Group.

3) The Board, having considered the rationale as stated on item (2) above, is of the view that the related party transaction is in the best interest of the Company.

This announcement is dated 08 April 2013.