[TAMBUN]: TAMBUN INDAH LAND BERHAD

11-Oct-2013

EGM

31-Oct-2013 11:00

23-Oct-2013

Salon III, Level 2, G Hotel Penang, 168A Persiaran Gurney, 10250 Penang

On behalf of the Board of Directors of Tambun Indah Land Berhad ("Tambun" or the "Company"), AFFIN Investment Bank Berhad wishes to inform that an extraordinary general meeting ("EGM") of Tambun will be held at Salon III, Level 2, G Hotel Penang, 168A Persiaran Gurney, 10250 Penang on Thursday, 31 October 2013 at 11:00 a.m. for the purpose of considering and if thought fit, passing the resolution as set out in the Notice of EGM attached herein. This announcement is dated 11 October 2013.
Tambun Notice of EGM Proposed Acquisitions.pdf

We refer to the announcement dated 11 October 2013.

On behalf of the Board of Directors of Tambun Indah Land Berhad ("Tambun" or the "Company"), AFFIN Investment Bank Berhad is pleased to announce that the shareholders of Tambun have at the extraordinary general meeting (“EGM”) held on 31 October 2013, approved the resolution as set out in the notice of EGM dated 14 October 2013 in relation to the proposed acquisition of 2,302,400 ordinary shares of RM1.00 each in Palmington Sdn Bhd (“Palmington”), representing 40.0% of the ordinary share capital in Palmington and 300,000 ordinary shares of RM1.00 each in Tambun Indah Development Sdn Bhd (“TI Development”), representing 30.0% of the ordinary share capital in TI Development for a total consideration of RM88,194,216 to be satisfied by RM16,694,216 in cash and RM71,500,000 by way of issuance of 55,000,000 new ordinary shares of RM0.50 each in Tambun (“Tambun Shares”) at an issue price of RM1.30 per Tambun Share.

This announcement is dated 31 October 2013.

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