TAMADAM BONDED WAREHOUSE BERHAD (“TAMADAM” OR “COMPANY”)
MEMORANDUM OF UNDERSTANDING ON THE FOLLOWING :-
(i) PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN BRAHIM’S-LSG SKY CHEFS HOLDINGS SDN BHD (“BLH”) FROM BRAHIM’S INTERNATIONAL FRANCHISES SDN BHD (“BIF”) (“PROPOSED BLH ACQUISITION”);
AND
(ii) PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN DEWINA HOST SDN BHD (“DHOST”) FROM DEWINA HOLDINGS SDN BHD (“DHSB”) (“PROPOSED DHOST ACQUISITION”)
(COLLECTIVELY TO BE REFERRED TO AS “PROPOSED ACQUISITIONS”)
We refer to the Company’s announcement dated 11 May 2007 where it was announced that the Company had entered into a memorandum of understanding with BIF (“BIF MoU”) for purposes of the Proposed BLH Acquisition. It was also announced that the Company had on even date entered into a memorandum of understanding with DHSB (“Dewina MoU”) for the Proposed DHost Acquisition.
(The BIF MoU and the Dewina MoU are to be collectively referred to as “the MoUs”)
In this respect, on behalf of the Company, AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad) (a member of AmInvestment Bank Group) wishes to announce that the parties to the MoUs have, by way of exchange of letters (“Letters of Extension”), mutually agreed to extend the period for the finalisation and execution of the share sale agreements for the Proposed BLH Acquisition and the Proposed DHost Acquisition respectively from 11 June 2007 to 10 July 2007. Save for the said extensions, all other terms of the MoUs remain unchanged.
The Letters of Extension will be made available for inspection at the registered office of Tamadam at Mezzanine Floor, 8A Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this Announcement.
This announcement is dated 8 June 2007.