Bursa Announcements

Proposed Disposal of a Subsidiary

Type	Announcement
Subject	Proposed Disposal of a Subsidiary
Contents	Pursuant to paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH" or “Company”) announces that TCMH has on 1 October 2009 entered into a conditional Sale and Purchase Agreement ("SPA") with Warisan TC Holdings Berhad (“WTCH”) for the disposal by TCMH to WTCH of TCMH’s 70% equity interest in Kereta Komersil Seladang (M) Sdn Bhd (“KKS”) comprising 10,500 ordinary shares of RM1.00 each (“Sale Shares”) for a cash consideration of RM700,000 (“Proposed Disposal”). Further details of the Proposed Disposal are set out in the attachment. This announcement is dated 1 October 2009.

Announcement Info

Attachments

1. TCHONG_011009.pdf (Size: 1,142,275 bytes)