(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 4 November 2024 in relation to the Proposed Disposal, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 4 November 2024 and 13 November 2024 in relation to the Proposed Disposal.

On behalf of the Board, TA Securities wishes to announce that the Company, had through letter of variation dated 12 December 2024 varied specific terms and conditions of the SSA (“Letter”).

Pursuant to the Letter, the parties have mutually agreed and acknowledged that:

(i)         Revenue is required to obtain and fulfil the Condition Precedent as stipulated under Clause 3.1.2 of the SSA, whereby Revenue having to obtain the approval from its shareholders in relation to the Proposed Disposal at an EGM to be convened; and

(ii)         neither party of the SSA shall have the discretion to waive or request for waiver of the said Condition Precedent as the compliance is required under the Main Market Listing Requirements of Bursa Securities.


This announcement is dated 12 December 2024.