TTJ had previously, on Mar 28, announced that it had gotten a waiver for the transaction from the SGX-ST with regard to compliance with Listing Rule 1014(2) and as such, shareholders’ approval is not required.
TTJ Holdings has announced that it has entered into sale and purchase agreements to divest assets in Johor for RM41.7 million ($13.4 million).
The assets comprise land spanning 4.93 hectares and buildings erected on the property, as well as certain equipment contained in the factory on-site.
