Settlement of RM12,000,000.00 owing by Teck Ping Chan Agriculture Sdn Bhd to Huat Lai Resources Berhad via issuance of new ordinary shares of RM0.20 each in the Company.
(Deemed interested by virtue of his direct interest of more than 15% voting shares in Esprit Unity Sdn Bhd which in turn is the holding company of Huat Lai Resources Berhad)