INFORMATION ON THSB Sample Clauses

INFORMATION ON THSB. THSB is a private limited company incorporated in Malaysia on 22 April 2011. As at 3 January 2020, being the last practicable date prior to this announcement (“LPD”), the share capital and number of issued shares of THSB is RM100.00 represented by 100 ordinary shares (“Securities Share”). THSB is presently involved in the business of investment holding. The directors and shareholders of THSB and their respective shareholdings are as follows:- Name of directors and shareholders No. of ordinary shares held % Xxxxx Xxxx Hoong (“LSH”) 30 30% Xxx Xxx Xxxx Xxxxxx (“YYSA”) 35 35% Lim Bee Wan (“LBW”) 35 35% Total 100 100% LSH, YYSA and LBW are collectively be referred to as “Shareholders” or “Directors of THSB”) Currently, THSB is the beneficial owner of the following two (2) plots of development land (“Completed Development Lands”):- No. No. H.S.(D) No. PT Bandar/Daerah/State Area (square feet) Original Purchase Price from Existing Registered Proprietor (RM) 1. 80993 160 Pekan Klebang Seksyen III, Daerah Melaka Tengah, Negeri Melaka 246,537 10,601,063.72 2. 81000 167 Pekan Klebang Seksyen III, Daerah Melaka Tengah, Negeri Melaka 250,799 10,784,351.41 TOTAL 497,336 21,385,415.13 Tenure 99 years leasehold tenure expiring on 20 April 2115 Beneficial Owner THSB Registered Proprietor Strategic Cove Sdn Bhd (“SCSB”) Encumbrances Nil Restriction in interest Nil Existing and proposed use of the Completed Development Lands The Completed Development Lands are currently vacant and will be held by DWL Group for development and/or investment purpose THSB had acquired the Completed Development Lands from SCSB in year 2017 and had fully settled the outstanding sums due to SCSB for the Completed Development Lands. As at the LPD, the titles of the Completed Development Lands have not been registered in the name of THSB. Upon completion of the Agreement, DWL shall procure the registration of titles for the Completed Development Land in favour of THSB and extraction of issue document title of the Completed Development Lands in the name of THSB. The financial information of THSB for the financial year ended 30 September 2018 (“FYE 2018”), financial year ended 30 September 2019 (“FYE 2019”) and the financial period from 1 October 2019 to 31 December 2019 (“FPE 31 December 2019”) are summarised as follows:- Audited Unaudited Unaudited FYE 2018 FYE 2019 FPE 31 December 2019 RM RM RM Revenue - - - Loss after taxation (84,244) (224,151) (55,451) Net assets/(liabilities) 197,267 (26,884) ...
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