Venue
Salon III, Level 2, G Hotel Penang, 168A, Persiaran Gurney, 10250 Penang
Outcome
The Board of Directors of Tambun Indah Land Berhad ("Tambun Indah” or the "Company”) is pleased to announce that the shareholders of Tambun Indah had, at the Extraordinary General Meeting ("EGM") held on 01 October 2014, approved the resolution as set out in the notice of EGM dated 15 September 2014 in relation to the Proposed Acquisition by Palmington Sdn. Bhd., a wholly-owned subsidiary of the Company, of 27 parcels of freehold land measuring in aggregate of approximately 209.54 acres indentified as Lot Nos. 1058, 1060, 1066, 1295, 1309, 1373, 1375, 1376, 1378, 1442, 3407 to 3423 held under Title Nos. GRN 40158, GRN 7283, GM 275, GM 197, GM 179, GM 206, GRN 19103, GM 59, GM 61, GM 77, HSD Nos. 27819 to 27835, Mukim 15, District of Seberang Perai Selatan, Pulau Pinang, from TPPT Sdn. Bhd. for a total purchase consideration of RM150.00 million to be satisifed by cash.