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Exchange Filings


17 Jul 2013


Multiple Proposals

Description TAMBUN INDAH LAND BERHAD (“TAMBUN” OR THE “COMPANY”)

I. PROPOSED ACQUISITION OF:

A. 2,302,400 ORDINARY SHARES OF RM1.00 EACH IN PALMINGTON SDN BHD (“PALMINGTON”), REPRESENTING 40.0% EQUITY INTEREST IN PALMINGTON; AND

B. 300,000 ORDINARY SHARES OF RM1.00 EACH AND 8,040,000 REDEEMABLE PREFERENCE SHARES SERIES C (“RPS-C”) OF RM0.01 EACH IN TAMBUN INDAH DEVELOPMENT SDN BHD (“TI DEVELOPMENT”), REPRESENTING 30.0% EQUITY INTEREST IN TI DEVELOPMENT

FOR A TOTAL CONSIDERATION OF RM112,234,216 (“PROPOSED ACQUISITIONS”); AND

II. PROPOSED PLACEMENT OF UP TO 15,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TAMBUN (“TAMBUN SHARES” OR “SHARES”), REPRESENTING NOT MORE THAN 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAMBUN (“PROPOSED PLACEMENT”).

THE PROPOSED ACQUISITIONS AND THE PROPOSED PLACEMENT SHALL COLLECTIVELY BE REFERRED TO AS THE “PROPOSALS”.

 

We refer to the announcements in relation to the Proposals dated 21 June 2013 and 15 July 2013.

 

 

On behalf of the Board of Directors of Tambun (“Board”), AFFIN Investment Bank Berhad (“AFFIN Investment”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 16 July 2013, which was received on 17 July 2013, approved the listing and quotation of up to 15,000,000 new ordinary shares of RM0.50 each in Tambun to be issued pursuant to the Proposed Placement, subject to the following conditions:

 

 

(i) Tambun and AFFIN Investment must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Placement;

 

 

(ii) Tambun and AFFIN Investment to inform Bursa Securities upon the completion of the Proposed Placement; and

 

 

(iii) Tambun to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed.

 

 

This announcement is dated 17 July 2013.