TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LTKM BERHAD ("LTKM" OR THE" COMPANY") PROPOSED ACQUISITIONS BY LTK PROPERTIES SDN BHD ("LTKPSB") AND LTK DEVELOPMENT SDN BHD ("LTKDSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF LTKM, OF FOUR (4) ADJOINING PARCELS OF LEASEHOLD LANDS MEASURING IN AGGREGATE APPROXIMATELY 25,837 SQUARE METRES TOGETHER WITH BUILDINGS AND AMENITIES ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM 58,403,100 ('PROPOSED ACQUISITIONS")
June 14, 2016 at 08:49 am
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LTKM BERHAD ('LTKM')
PROPOSED ACQUISITIONS BY LTK PROPERTIES SDN BHD ('LTKPSB') AND LTK
DEVELOPMENT SDN BHD ('LTKDSB'), BOTH WHOLLY-OWNED SUBSIDIARIES
OF LTKM, OF FOUR (4) ADJOINING PARCELS OF LEASEHOLD LANDS
MEASURING IN AGGREGATE APPROXIMATELY 25,837 SQUARE METRES
TOGETHER WITH BUILDINGS AND AMENITIES ERECTED THEREON FOR A TOTAL
CASH CONSIDERATION OF RM 58,403,100 ('PROPOSED ACQUISITIONS')
LTKM Bhd published this content on 13 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2016 07:49:02 UTC.
Original documenthttp://www.ltkm.com.my/announce16-0613.html
Public permalinkhttp://www.publicnow.com/view/50AF6AF54E0BDA5D4FEC37C2C91D31977972BB10
LTKM Berhad is engaged in investment holding and provision of management services. The Company operates through four segments: Production and sale of poultry and related products, which is engaged in the production and sale of chicken eggs, chickens, organic fertilizers, chicken feeds and other materials; Extraction and sale of sand, which is engaged in the mining and sale of sand; Investment holding, which is engaged in investment activities in quoted and unquoted securities, as well as investment properties held by the Company on a long term basis, and Property development, which is engaged in the business of developing residential and commercial properties. The Company offers LTK Omega Plus, which includes feeds, such as flaxseed, corn, and soybean. It has a production capacity of approximately 1.5 million eggs per day. It operates a farm, which spans over 450 acres in Melaka. Its subsidiaries include LTK (Melaka) Sdn. Bhd., LTK Omega Plus Sdn. Bhd., and LTK Development Sdn. Bhd.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LTKM BERHAD ("LTKM" OR THE" COMPANY") PROPOSED ACQUISITIONS BY LTK PROPERTIES SDN BHD ("LTKPSB") AND LTK DEVELOPMENT SDN BHD ("LTKDSB"), BOTH WHOLLY-OWNED SUBSIDIARIES OF LTKM, OF FOUR (4) ADJOINING PARCELS OF LEASEHOLD LANDS MEASURING IN AGGREGATE APPROXIMATELY 25,837 SQUARE METRES TOGETHER WITH BUILDINGS AND AMENITIES ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM 58,403,100 ('PROPOSED ACQUISITIONS")