TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EXTENSION OF TIME FOR THE COMPLETION OF THE PROPOSED DISPOSAL BY TDM BERHAD ("TDM" OR THE "COMPANY") AND A MINORITY SHAREHOLDER OF THEIR ENTIRE EQUITY INTERESTS IN PT RAFI KAMAJAYA ABADI ("RKA") AND PT SAWIT REZKI ABADI ("SRA") ("DISPOSAL COMPANIES") TO IKHASAS SAWIT SDN BHD FOR AN AGGREGATE CASH CONSIDERATION OF RM115.00 MILLION ("PROPOSED DISPOSAL")
| TDM BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EXTENSION OF TIME FOR THE COMPLETION OF THE PROPOSED DISPOSAL BY TDM BERHAD ("TDM" OR THE "COMPANY") AND A MINORITY SHAREHOLDER OF THEIR ENTIRE EQUITY INTERESTS IN PT RAFI KAMAJAYA ABADI ("RKA") AND PT SAWIT REZKI ABADI ("SRA") ("DISPOSAL COMPANIES") TO IKHASAS SAWIT SDN BHD FOR AN AGGREGATE CASH CONSIDERATION OF RM115.00 MILLION ("PROPOSED DISPOSAL") |
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Reference is made to the Company’s announcements on 29 July 2022, 4 August 2022, 2 August 2023, 2 August 2024, 16 January 2025, 24 April 2025 and 9 July 2025 ("Announcements"). Unless otherwise stated, the definitions used herein shall have same meaning as set out in the Announcements.
The Board of Directors of TDM wishes to announce that the completion of the proposed disposal has been further extended until 30 June 2026 (“Sixth Extended Long Stop Date”) in order to finalise key terms in the Supplementary Agreement as to conclude the Conditional Sales Purchase Agreement (“CSPA”) dated 29 July 2022.
Both TDM and the buyer remain committed to disposal process and are working closely to satisfy all conditions for a successful transaction.
This announcement is dated 12 January 2026. |
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Announcement Info
| Company Name | TDM BERHAD |
| Stock Name | TDM |
| Date Announced | 12 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12012026-00033 |