TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

General Announcement
Reference No OI-110912-61199
Submitting Merchant Bank
:
 OSK INVESTMENT BANK BERHAD
Company Name
:
 JOHORE TIN BERHAD
Stock Name
:
 JOHOTIN
Date Announced
:
 12/09/2011
Type
:
 Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
:
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”)
Announcement Details/Table Section :

We refer to the announcements made by OSK Investment Bank Berhad (“OSK”) on behalf of the Board of Directors of the Company (“Board”) on 18 August 2011 and 23 August 2011 in relation to the Proposals.On behalf of the Board, OSK wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 12 September 2011, approved the listing and quotation of 4,000,000 new ordinary shares of RM1.00 each to be issued at RM1.00 per share as part of the purchase consideration pursuant to the Proposed Acquisition subject to the following conditions:-i. JTB and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements (“Main LR”) pertaining to the implementation of the Proposed Acquisition;ii. JTB and its adviser to inform Bursa Securities upon the completion of the Proposed Acquisition;iii. JTB and its adviser to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders approving the Proposed Acquisition prior to the quotation of the Consideration Shares;iv. JTB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed; andv. To incorporate Bursa Securities’ comments in respect of the draft circular to shareholders.

This announcement is dated 12 September 2011.