| 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 TO BE SATISFIED BY CASH AMOUNTING TO RM27,000,000 AND THE ISSUANCE OF 4,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN JTB AT AN ISSUE PRICE OF RM1.00 PER JTB SHARE(“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”) |
