Dear Friends of i3 Forum

 (Please Note: Not Recommended for Eagle Group: Please keep safe in Tsh Resources and all Palm oil co)

We have mentioned TALAM as an Asset Play

Its Value is in its Undervalue Land Assets

At long last we see Value Emerge

See

Refer Bursa

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALAM TRANSFORM BERHAD ("TTB" or "the Company") PROPOSED DISPOSAL OF 27.72 ACRES OF LAND IN PUTRA PERDANA FORMING PART OF MASTER TITLE NO LOT 14009, PN 39258, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR BY TALAM LEISURE DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TTB TO EVER MARK (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IJM PROPERTIES SDN BHD ("PROPOSED LAND DISPOSAL")

TALAM TRANSFORM BERHAD ("TTB" or "the Company")
PROPOSED DISPOSAL OF 27.72 ACRES OF LAND IN PUTRA PERDANA FORMING PART OF MASTER TITLE NO LOT 14009, PN 39258, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR BY TALAM LEISURE DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TTB TO EVER MARK (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IJM PROPERTIES SDN BHD ("PROPOSED LAND DISPOSAL")

Please refer attachment below.

TALAM TRANSFORM BERHAD (“TTB” or “the Company”)

PROPOSED DISPOSAL OF 27.72 ACRES OF LAND IN PUTRA PERDANA FORMING PART OF

MASTER TITLE PAJAKAN NEGERI 39258, LOT 14009 MUKIM DENGKIL, DAERAH SEPANG,

NEGERI SELANGOR BY TALAM LEISURE DEVELOPMENT SDN BHD, A WHOLLY-OWNED

SUBSIDIARY OF TTB TO EVER MARK (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF

IJM PROPERTIES SDN BHD (“PROPOSED LAND DISPOSAL”)

1. INTRODUCTION

The Board of Directors of TTB wishes to announce that Talam Leisure Development Sdn Bhd [Company

No. 199301020717 (275455-K) (“Vendor” or “TLDSB”), a wholly-owned subsidiary of TTB had on 5

August 2024 entered into a sale and purchase agreement (“SPA”) with Ever Mark (M) Sdn Bhd

[Company No. 199001008925 (200495-K)] (“EMSB” or “Purchaser”), a wholly-owned subsidiary of IJM

Properties Sdn Bhd [Company No. 198301004557 (275455-K)] (“IJMP”), for the disposal of a piece of

commercial land measuring 27.72 acres located in Putra Perdana forming part of the master title Pajakan

Negeri 39258, Lot 14009, Mukim of Dengkil, Daerah Sepang, Negeri Selangor (“Land” or “Property”)

for a disposal consideration consisting of RM66,000,000 as a condition precedent completion payment

sum, RM18,000,000 interest waiver on the indebtedness and a variable entitlement of the 30% of profit

after tax of the Purchaser’s project development (“project”) (“Disposal Consideration”) [“Proposed Land

Disposal”].

2. DETAILS OF THE PROPOSED LAND DISPOSAL

The Proposed Land Disposal which entails the disposal of the Land by TLDSB to EMSB for the Disposal

Consideration shall be by way of setting off a sum of RM66,000,000 of the indebtedness, RM18,000,000

million interest waiver on the indebtedness owed by TTB Group to IJMP and variable entitlement of the

30% of profit after tax of the project where RM10,000,000 will be payable to TLDSB over 24 months

installment commencing from first sales launch of the project, subject to the terms and conditions of the

SPA.

2.1 Background information on the Land

A summary of the information of the Land is as follows:-

Description of the Land A piece of commercial land measuring 27.72 acres located in

Putra Perdana forming part of the master title Pajakan Negeri

39258, Lot 14009, Mukim of Dengkil, Daerah Sepang, Negeri

Selangor and presently registered in the name of Permodalan

Negeri Selangor Berhad (Company No. 199001014678)

Size Area of the Land 112,196.15 square meters

Tenure Leasehold land expiring on 19 October 2093

A summary of the information of the Land is as follows:-

Description of the Land A piece of commercial land measuring 27.72 acres located in

Putra Perdana forming part of the master title Pajakan Negeri

39258, Lot 14009, Mukim of Dengkil, Daerah Sepang, Negeri

Selangor and presently registered in the name of Permodalan

Negeri Selangor Berhad (Company No. 199001014678)

Size Area of the Land 112,196.15 square meters

Tenure Leasehold land expiring on 19 October 2093

Restriction-in-interest “Tanah yang diberi milik ini tidak boleh dipindah milik, dipajak

atau digadai melainkan dengan kebenaran Pihak Berkuasa

Negeri”

Category of Land /Land Use Perniagaan / Bangunan

Original Cost of Investment/

Date of Investment

RM39,331,147

5 February 2014

OK we see Original Cost

Rm39,331,147

Sale is Rm66,000,000

Profit is a Whopping Rm26,668,853 Millions

or about 67.8%

Now these lands are in Dengkil

Better lands are in Gombak & Serendah which if sold WILL COMMAND HIGHER PRICES

TALAM now 2.5 sen

See its First Target 5 sen

Second Target 9 sen

3rd Target above 10 sen

All these take time

Best if ECRL train faster come

With Kind Regards

Calvin Tan

Please buy or sell after doing your own due diligence

Or consult Your Remisier/Fund Manager

Warm Regards