?ytl land? or - Announcements - Bursa Malaysia

(iv) proposed acquisition of 100% equity interest in Pinnacle Trend Sdn
Bhd (“PTSB”), which owns one (1) parcel of land at Jalan Bukit
Bintang, Kuala Lumpur and another parcel of adjoining land at its
rear boundary, for a purchase consideration of RM8,395,805
(“Proposed PTSB Acquisition”) and the settlement of outstanding
inter-company balance as at the latest practicable date preceding the
completion date of the Proposed PTSB Acquisition. As at 30 June
2010, the audited inter-company balance amounted to
RM70,049,289. The SSA for the Proposed PTSB Acquisition entered
into is referred to as “PTSB Agreement”;
(v) proposed acquisition of 100% equity interest in Trend Acres Sdn Bhd
(“TASB”), which owns a parcel of land held for development located
at Jalan Stonor, Kuala Lumpur, for a purchase consideration of
RM4,319,710 (“Proposed TASB Acquisition”) and the settlement of
outstanding inter-company balance as at the latest practicable date
preceding the completion date of the Proposed TASB Acquisition. As
at 30 June 2010, the audited inter-company balance amounted to
RM87,943,758. The SSA for the Proposed TASB Acquisition entered
into is referred to as “TASB Agreement”; and
(vi) proposed acquisition of 100% equity interest in YTL Westwood
Properties Pte Ltd (“YTLW”), which owns a parcel of development
land located at Orchard Boulevard, Singapore, for a purchase
consideration of Singapore Dollar (“SGD”) 18,513,378 (equivalent to
RM43,049,158 1 ) (“Proposed YTLW Acquisition”) and the
settlement of outstanding inter-company balances as at the latest
practicable date preceding the completion date of the Proposed
YTLW Acquisition. As at 31 August 2010, the unaudited intercompany
balances amounted to SGD1,169,072 (equivalent to
RM2,718,444 1 ). The SSA for the Proposed YTLW Acquisition entered
into is referred to as “YTLW Agreement”.
1.1.2 On 23 November 2010, the Company also entered into conditional SSAs with
YTL Singapore Pte Ltd (“YTLS”), a wholly-owned subsidiary of YTL Corp, for
the following:
(i) proposed acquisition of YTLS’ entire 70% equity interest in Lakefront
Pte Ltd (“LFPL”), which owns 13 pieces of land held for development
located at Sentosa Cove, Singapore, for a purchase consideration of
SGD35,646,328 (equivalent to RM82,888,407 1 ) (“Proposed LFPL
Acquisition”) and the settlement of outstanding inter-company
balances as at the latest practicable date preceding the completion
date of the Proposed LFPL Acquisition. As at 31 August 2010, the
unaudited inter-company balances amounted to SGD18,588,464
(equivalent to RM43,223,756 1 ). The SSA for the Proposed LFPL
Acquisition entered into is referred to as “LFPL Agreement”; and
(ii) proposed acquisition of YTLS’ entire 70% equity interest in Sandy
Island Pte Ltd (“SIPL”), which owns 19 pieces of land held for
development located at Sentosa Cove, Singapore, for a purchase
consideration of SGD1 (equivalent to RM2 1 ) (“Proposed Acquisition
of SIPL”) and the settlement of outstanding inter-company balances
as at the latest practicable date preceding the completion date of the
Proposed SIPL Acquisition. As at 31 August 2010, the unaudited
inter-company balances amounted to SGD8,650,601 (equivalent to
RM20,115,243 1 ). The SSA for the Proposed SIPL Acquisition entered
into is referred to as “SIPL Agreement”.
1 Converted into RM based on the exchange rate of SGD1.00:RM2.3253 as at 31 August 2010
2