TSM

1.240

TSM GLOBAL BERHAD

Type	Announcement
Subject	TSM GLOBAL BERHAD (“TSM” OR “COMPANY”) - PROPOSED ACQUISITION BY TSM OF 31,367,500 ORDINARY SHARES OF RM1.00 EACH IN KENSEISHA (M) SDN BHD (“KMSB”), REPRESENTING 85.47% OF THE EXISTING ISSUED AND PAID UP ORDINARY SHARE CAPITAL FROM SIERRA INDAH SDN BHD (“SISB” OR “VENDOR”) FOR A CONSIDERATION OF RM15,080,000 TO BE SATISFIED BY THE ISSUANCE OF 6,500,000 NEW ORDINARY SHARES OF RM1.00 EACH IN TSM (“PROPOSED ACQUISITION”)
Contents	This announcement is dated 3 March 2010. On behalf of the Board of Directors of TSM (“Board”), AmInvestment Bank Berhad (a member of AmInvestment Bank Group) (“AmInvestment Bank”) wishes to announce that the Company had on 3 March 2010 entered into a conditional Shares Sale Agreement (“SSA”) with SISB to acquire 31,367,500 ordinary shares of RM1.00 each (“Sale Shares”), representing 85.47% of the existing issued and paid up ordinary share capital of KMSB for a consideration of RM15,080,000 (“Purchase Consideration”), to be satisfied by the issuance of 6,500,000 new ordinary shares of RM1.00 each in TSM (“Consideration Shares”). Please refer to the attachment for more details.