On behalf of the Board of Directors of PTT (“Board”), AmInvestment Bank Berhad wishes to announce that the Company had on 30 March 2023 entered into a conditional share sale agreement (“SSA”) with Teo Swee Phin (“TSP”), Teo Swee Leng (“TSL”) and Faddly bin Nordin (“Faddly”) (collectively, the “Vendors”) for the proposed acquisition of 25,000,000 ordinary shares in Pembinaan Tetap Teguh Sdn. Bhd. (“PTTSB”) (“Sale Shares”), representing 100% equity interest in PTTSB for a total purchase consideration of RM152.0 million (“Purchase Consideration”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment.
This announcement is dated 30 March 2023.