JOHORE TIN BERHAD (“JTB”) – SALE AND PURCHASE AGREEMENT ENTER BY JOHORE TIN FACTORY SENDIRIAN BERHAD(WHOLLY-OWNED SUBSIDIARY OF JOHORE TIN BERHAD)

JOHORE TIN BERHAD

 

Type Announcement
Subject OTHERS
Description
JOHORE TIN BERHAD ("JTB")
- SALE AND PURCHASE AGREEMENT ENTER BY JOHORE TIN FACTORY SENDIRIAN BERHAD(WHOLLY-OWNED SUBSIDIARY OF JOHORE TIN BERHAD)

Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors’ of JTB wishes to announce that, the Company’s wholly owned subsidiary, namely Johore Tin Factory Sendirian Berhad (“JTFSB”)(“the Vendor”) had on 24 June 2015 entered into a Sale and Purchase Agreement with Amerseal Industrial Sdn Bhd (Company No. 611683-W) of No.2, Jalan IM 3/6, Kawasan Perindustrian IM3, Bandar Indera Mahkota, 25200 Kuantan, Pahang (“the Purchaser”) to dispose off the following properties at the total selling price of RM5,000,000-00 (Ringgit Malaysia: Five Million Only) plus 6% GST of RM300,000-00 (Ringgit Malaysia: Three Hundred Thousand Only).

Description of Properties

Property A

All that piece of leasehold land held under HS(D) 527337 LOT 6423 Bandar Johor Bahru, District of Johor Bahru, State of Johor, measuring approximately 0.3634 Hectares (formerly known as HS(D) 108311 TLO 1936). Address: No. 7, Jalan Gagah, Kawasan Perindustrian Larkin, 80350 Johor Bahru.

Property B

All that piece of leasehold land held under HS(D) 527338 LOT 6422 Bandar Johor Bahru, District of Johor Bahru, State of Johor, measuring approximately 0.353 Hectares (formerly known as HS(D) 7258 TLO 1883). Address: No. 5, Jalan Gagah, Kawasan Perindustrian Larkin, 80350 Johor Bahru.

None of the Directors, major shareholders and/or persons connected to them has any interest, direct or indirect in the said transaction.

This announcement is dated 24 June 2015.


Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 24 Jun 2015
Category General Announcement for PLC
Reference Number GA1-20042015-00004