TALAMT

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TALAM TRANSFORM BERHAD ("TTB" or "the Company") PROPOSED JOINT VENTURE AGREEMENT BETWEEN EUROPLUS BERHAD AND JANAJAYA MURNI SDN BHD

TALAM TRANSFORM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TALAM TRANSFORM BERHAD ("TTB" or "the Company")

PROPOSED JOINT VENTURE AGREEMENT BETWEEN EUROPLUS BERHAD AND JANAJAYA MURNI SDN BHD

The Board of Directors of TTB wishes to announce that its wholly-owned subsidiary, Europlus Berhad (Company No. 192601000051 (520-H) [“EB”] has on 31 March 2022 entered into a joint venture agreement  (“JV Agreement”) with Janajaya Murni Sdn Bhd (Company No. 201401018693 (1094780-M) [“JMSB”] whereby EB will provide 2 parcels of vacant freehold land measuring gross development land area of 27.94 acres (“Land 1”) and 49.43 acres (“Land 2”) respectively which are both located in Mukim Serendah, Daerah Ulu Selangor, Negeri Selangor Darul Ehsan (Land 1 and Land 2 are collectively referred to as “Lands”) and JMSB will develop the Lands into 188 units of 2 Storey Terrace Houses (20’x70’) and 223 units of 2 Storey Terrace Houses (20’x75’) in respect of Land 1 and 471 units of 2 Storey Terrace Houses (20’x70’) and 239 units of 2 Storey Terrace Houses (20’x65’) in respect of Land 2 (“Project”) and to pay EB joint venture entitlements of approximately RM22,510,000-00 and RM39,600,000-00 respectively (“Proposed Joint Venture”).

 

Please refer to the attachment below for details of the announcement.

 

This announcement is dated 31 March 2022.




Please refer attachment below.



Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 31 Mar 2022
Category General Announcement for PLC
Reference Number GA1-31032022-00105