On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that on 26 April 2021:-

(i)         CFM Development Sdn Bhd, an indirect wholly-owned subsidiary of CFM (“CFMD” or “Vendor 1”) had entered into a conditional sale and purchase agreement with FCW Holdings Berhad (“FCW” or the “Purchaser”) (“Lot 1 SPA”) for the proposed disposal of a parcel of leasehold land held under HS(M) 1404, Lot No. PT 5690, Jalan Genting Kelang, Mukim Setapak, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, measuring approximately 21,925 square metres in land area, together with the buildings erected thereon (“Lot 1”) for a cash consideration of RM57.80 million (“Proposed Disposal of Lot 1”);

(ii)         the Vendor 1 had entered into a conditional sale and purchase agreement with the Purchaser (“Lot 2 SPA”) for the proposed disposal of a parcel of leasehold land held under HS(M) 1405, Lot No. PT 5691, Jalan Genting Kelang, Mukim Setapak, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, measuring approximately 8,094 square metres in land area, together with the buildings erected thereon (“Lot 2”) for a cash consideration of RM22.60 million (“Proposed Disposal of Lot 2”); and

(iii)        CFM Printing & Stationery Sdn Bhd, a wholly-owned subsidiary of CFM had entered into a conditional sale and purchase agreement with the Purchaser  for the proposed disposal of:-

(a)        a parcel of leasehold land held under HS(D) 122578, Lot No. PT 10269, Mukim Setapak, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur measuring approximately 1,871 square metres in land area, together with the buildings erected thereon; and

(b)        a parcel of leasehold land held under HS(M) 1015, Lot 14, Light Industrial Area, Mukim Setapak, District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, measuring approximately 2,030 square metres in land area, together with the buildings erected thereon,

for a cash consideration of RM4.60 million and RM6.10 million respectively (“Proposed Disposal of Lot 13 and Lot 14”).

(Collectively, the “Proposed Disposals”)

Pursuant to the Lot 1 SPA and Lot 2 SPA, CFMD (“Tenant”) will enter into tenancy agreements with FCW or its nominee (“Landlord”) upon completion of the Proposed Disposal of Lot 1 and Proposed Disposal of Lot 2 for renting Lot 1 and Lot 2 from the Landlord for a period of 2 years with an option to further renew the tenancies for a period of 1 year (“Proposed Tenancies”).

(Collectively, the Proposed Disposals and Proposed Tenancies are referred to as the “Proposed Disposals and Tenancies”)

Please refer to the attached documents for further details on the Proposed Disposals and Tenancies.

This announcement is dated 26 April 2021.