General Announcement
Reference No CJ-120516-34773
Company Name
:
JOHORE TIN BERHAD
Stock Name
:
JOHOTIN
Date Announced
:
17/05/2012
Type
:
Announcement
Subject
:
OTHERS
Description
:
JOHORE TIN BERHAD (“JTB”) – SETTLEMENT OF THE PURCHASE CONSIDERATION OF CONDITIONAL SHARE SALE AGREEMENT BETWEEN JTB AND MESSRS KUA JIN GUANG @ KAU KAM ENG, NG KENG HOE, LAI SHIN LIN AND LOCK TOH PENG
Announcement Details/Table Section :

Reference is made to the announcement dated 18 August 2011 in relation to the Conditional Share Sale Agreement dated 18 August 2011 entered between the Company and Messrs Kua Jin Guang @ Kau Kam Eng, Ng Keng Hoe, Lai Shin Lin and Lock Toh Peng (“Vendors”) for the acquisition of 1,500,000 ordinary shares of RM1.00 each in Able Dairies Sdn. Bhd. (“ADSB”).

The Company has released the Settlement of the Purchase Consideration of RM3,500,000 according to item 2.1.5 (iv) of the announcement made on 18 August 2011, to the vendors.

2.1.5 (iv) Settlement of the Purchase Consideration
No. Mode of  Settlement Date of Settlement
RM
iv. Cash Within fourteen (14) days upon receipt of ADSB’s Audited Accounts for the Financial Year Ended 31 December 2011
3,500,000

This Announcement is dated 17 May 2012.