| JOHORE TIN BERHAD (“JTB” OR THE “COMPANY”)
I. PROPOSED ACQUISITION BY JTB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF ABLE DAIRIES SDN BHD (“ADSB”) COMPRISING 1,500,000 ORDINARY SHARES OF RM1.00 EACH FROM KUA JIN GUANG @ KAU KAM ENG, NG KENG HOE, LAI SHIN LIN AND LOCK TOH PENG FOR A PURCHASE CONSIDERATION OF RM31,000,000 (“PROPOSED ACQUISITION”);
II. PROPOSED DIVERSIFICATION OF THE BUSINESS OF JTB GROUP INTO FOOD AND BEVERAGE MANUFACTURING (“PROPOSED DIVERSIFICATION”); AND
III. PROPOSED AMENDMENTS TO THE OBJECT CLAUSES IN THE MEMORANDUM OF ASSOCIATION OF JTB (“PROPOSED AMENDMENTS”)
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
