[TITIJYA] Acquisitions on 20-Oct-2017

Stock
[TITIJYA]: TITIJAYA LAND BERHAD
Announcement Date
20-Oct-2017
Listing Date
23-Oct-2017
New Type/Class?
No
Type
Acquisitions
Details
Issuance of 79,732,622 new ordinary shares in Titijaya Land Berhad ("TLB") ("TLB Shares") at an issue price of RM1.45 per TLB Share ("Consideration Shares") to acquire the entire equity interest in NPO Builders Sdn Bhd and full settlement of advances from Titi Kaya Sdn Bhd, Lee Eng Wah and Lim Wen Yeh, being the vendors of NPO Builders Sdn Bhd ("Vendors"), for a total purchase consideration of RM115,612,302 ("Acquisition") ("Issuance of Consideration Shares")
No. of shared issued
79,732,622
Issue Price
Malaysian Ringgit (MYR) 1.450
Par Value
0.000
Total NOSH
522,732,555
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