LTKM Bhd’s subsidiary LTK (Melaka) Sdn Bhd has been found guilty of raising the margins of its egg prices under the Price Control and Anti-Profiteering Act. It has been fined RM25,000 and also ordered to pay RM9,600 to repurchase 30,000 eggs confiscated by the government.
On behalf of the Board of Directors of LTKM (“Board”), M & A Securities Sdn Bhd wishes to announce the following: (a) the Company, had on 8 April 2022 entered into a heads of agreement (“HOA”) with Ladang Ternakan Kelang Sdn Bhd (“LTKSB”) to dispose its equity interest in the following subsidiaries to LTKSB for a total cash disposal consideration of RM158.83 million.
(b) the Company proposes to undertake a proposed special dividend cum capital repayment of RM1.1098 per ordinary share in LTKM (“LTKM Share(s)” or “Share(s)”) on an entitlement date to be determined and announced at a later date.
(c) the Company proposes to consolidate 2 existing LTKM Shares into 1 LTKM Share after the Proposed Special Dividend cum Capital Repayment;
(d) the Company, had on 8 April 2022 entered into a share sale agreement (“SSA”) with Chai Voon Sun, Gurmakh Singh A/L Ajmer Singh, Wee Thian Song, Divine Inventions Sdn Bhd and Proven Venture Sdn Bhd (collectively, “Vendors”) for the acquisition of 1,000,000 ordinary shares in Local Assembly Sdn Bhd (“Local Assembly”) representing 100.0% equity interest in Local Assembly from the Vendors for a total purchase consideration of RM336.00 million to be satisfied by way of cash of RM100.0 million and issuance of 393,333,333 new LTKM Shares at an issue price of RM0.60 each;
(e) the Company proposes to undertake a proposed restricted issue of 230,000,000 new LTKM Shares, representing 33.1% of the enlarged share capital of LTKM after the Proposals to investors to be identified;
(f) the Company proposes to seek for an exemption under Paragraph 4.08(1)(a) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”) for the Vendors and their persons acting in concert (“PACs”) from the obligation to undertake a mandatory take-over offer to acquire the remaining LTKM Shares not already owned by them upon completion of the Proposed Acquisition ; and
(g) the Company proposes to change its name from “LTKM Berhad” to “LA Technology Berhad”
if purchase now, 2x1.50 = 3.00 Capital repayment 0.90, cost = 2.10 combine 2 to 1 and price consideration 1.30. Means 1.30 - 2.10 = rugi 0.90. Now buying is not worth. Correct?
Name DATUK TAN KOK Descriptions(Class) Ordinary Shares.
Details of changes Acquired
Date of change 18/09/2024 No of securities 7,000 Type of transaction Acquired Nature of Interest Deemed Interest
Name of registered holder Tan Yee Boon Description of "Others" Type of Transaction Consideration (if any) RM9800.00
Circumstances by reason of which change has occurred Acquisition of 7,000 shares in the open market by his son, Mr. Tan Yee Boon. Nature of interest Deemed Interest Total no of securities after change Direct (units) 3,458,100 Direct (%) 2.416 Indirect/deemed interest (units) 101,393,306 Indirect/deemed interest (%) 70.848 Date of notice 20/09/2024 Date notice received by Listed Issuer 20/09/2024
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Louise4
389 posts
Posted by Louise4 > 2020-06-19 09:15 |
Post removed.Why?