Bursa Announcements

Proposed Acquisition Of Land By Asal Harta Sdn. Bhd. (AHSB), A Wholly-Owned Subsidiary Of The Company (PROPOSED ACQUISITION)

BackFeb 07, 2023
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03022023-00002
Subject

TELADAN SETIA GROUP BERHAD ("TSGB" OR "THE COMPANY")

- PROPOSED ACQUISITION OF LAND BY ASAL HARTA SDN. BHD. (AHSB), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY (PROPOSED ACQUISITION)

Description

TELADAN SETIA GROUP BERHAD ("the Company") REPLY TO BURSA MALAYSIA QUERIES DATED 3 FEBRUARY 2023

- PROPOSED ACQUISITION OF LAND BY ASAL HARTA SDN. BHD. ("AHSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED ACQUISITION")

Query Letter Contents

We refer to your Company’s announcement dated 31 January 2023, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1) To incorporate the Directors of Megan Mastika Sdn. Bhd. (“MMSB”), Natalie Cheng Hui Yen and Ooi Kim Lai’s respective direct and/or indirect shareholdings in MMSB, or a negative statement.

2) Estimated timeframe for submission of the application to the Melaka State Authority. If the application has already been approved, the date of approval.

3) Date of payment of the Earnest Deposit and Real property gains tax retention sum respectively.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing Division, Regulation

 

Cc : Market Surveillance Dept. , Securities Commission (via fax)

 

We refer to the query letter received from Bursa Malaysia Securities Berhad (“Bursa Securities”) on 3 February 2023 under the reference no. IQL-03022023-00002 on the Proposed Acquisition of Land by Asal Harta Sdn. Bhd. (“AHSB”), a wholly-owned subsidiary of Teladan Setia Group Berhad (“the Company”).

 

The Company wishes to further announce that:-

 

1.    The directors of MMSB, namely Cheng Hui Yen, Natalie and Ooi Kim Lai do not have any direct and/or indirect shareholdings in MMSB.

 

2.    Target to submit the application for subdivision of the Master Land (i.e. CP1) by 15th February 2023.

 

3.    Date of payment of the Earnest Deposit and Real Property Gains Tax retention sum was 27th January 2023.

 

This announcement is dated 7 February 2023.

 


Announcement Info

 

Company Name TELADAN SETIA GROUP BERHAD
Stock Name TELADAN
Date Announced 07 Feb 2023
Category General Announcement for PLC
Reference Number GA1-03022023-00010