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TALAM CORPORATION BHD TALAM (2259)

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last updated: 19-Dec-2014 4:56 PM
Company: TALAM CORPORATION BHD
Date Announced: 28-Jan-2011
Subject: TALAM CORPORATION BERHAD (“TALAM” or “the Company”) DISPOSAL OF LESTARI PUCHONG SDN BHD
Content: The Board of Directors of TALAM wishes to announce that its wholly-owned subsidiary, Expand Factor Sdn Bhd has on 28 January 2011 entered into a Shares Sale Agreement with Optimum Diversified Sdn Bhd (Company No. 743540-W) [“ODSB”] to dispose a total of 2,600,000 ordinary shares of RM1.00 each representing 100% equity interest in Lestari Puchong Sdn Bhd (“Lestari Puchong”) to ODSB for a total consideration of Ringgit Malaysia One Thousand (RM1,000.00) only (“Disposal”). Lestari Puchong and its wholly-owned subsidiary, Bukit Beruntung Nurseries Sdn Bhd will cease to be subsidiaries of TALAM upon completion of the Disposal on 31 January 2011. None of the Directors and/or the major shareholders of Company and/or persons connected with them have any interest, direct or indirect in the Disposal and no approval of shareholders is required. This announcement is dated 28 January 2011.
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