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楼主: lwc001

【TWL 7079 交流专区】(前名 TIGER )

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发表于 12-9-2022 10:34 AM | 显示全部楼层
TWL HOLDINGS BERHAD

Particulars of substantial Securities Holder
Name
DATIN SEK CHIAN NEE
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of TransactionNature of Interest
106 Sep 2022
100,000,000
DisposedDirect Interest
Name of registered holder
Datin Sek Chian Nee
Description of "Others" Type of Transaction
206 Sep 2022
3,000,000
DisposedDirect Interest
Name of registered holder
Datin Sek Chian Nee
Description of "Others" Type of Transaction
306 Sep 2022
2,500,000
TransferredDirect Interest
Name of registered holder
Datin Sek Chian Nee
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred
1. Disposal of Ordinary Shares via Direct Business Transaction.2. Disposal of Ordinary Shares through Open Market.3. Transfer of Ordinary Shares to her spouse, Dato' Tan Wei Lian.
Nature of interest
Direct and Indirect Interest
Direct (units)
96,652,450
Direct (%)
2.591
Indirect/deemed interest (units)
937,707,778
Indirect/deemed interest (%)
25.139
Total no of securities after change
1,034,360,228
Date of notice
09 Sep 2022
Date notice received by Listed Issuer
09 Sep 2022



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发表于 10-10-2022 02:51 PM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TWL HOLDINGS BERHAD ("TWL" or "the Company")  DISPOSAL OF NINE (9) PLOTS OF FREEHOLD LAND IN MUKIM BATU, DAERAH WILAYAH PERSEKUTUAN KUALA LUMPUR BY SUBSIDIARY OF THE COMPANY
The Board of Directors of TWL Holdings Berhad [formerly known as Tiger Synergy Berhad] ("TWL”) wishes to announce that TWL Property Venture Sdn Bhd (Registration No.: 198901006161 [183466-T]) [formerly known as Tiger Synergy Timber Sdn Bhd] ("TPVSB" or "Vendor"), a wholly-owned subsidiary of the TWL had on 03.09.2020 entered into Sale and Purchase Agreements and a Supplemental Agreement ("Agreements") with Dunia Herbs Sales and Marketing Sdn Bhd(Registration No.: 200801002794 [804078-U])("DHSM" or "Buyer") for the disposal of the following nine (9) plots of freehold land ("Property") with a total cash consideration of Ringgit Malaysia Four Million (RM 4,000,000.00) only ("Disposal Consideration") subject to the terms and conditions contained in the Agreements.

Please refer to the attachment for further details.

This announcement is dated 06th October 2022.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3297703

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发表于 12-10-2022 02:30 PM | 显示全部楼层
TWL HOLDINGS BERHAD

Type
Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID
IQL-07102022-00001
Subject
DISPOSAL OF NINE (9) PLOTS OF FREEHOLD LAND IN MUKIM BATU, DAERAH WILAYAH PERSEKUTUAN KUALA LUMPUR BY SUBSIDIARY OF THE COMPANY
Description
TWL HOLDINGS BERHAD ("TWL" or "the Company")  DISPOSAL OF NINE (9) PLOTS OF FREEHOLD LAND IN MUKIM BATU, DAERAH WILAYAH PERSEKUTUAN KUALA LUMPUR BY SUBSIDIARY OF THE COMPANY.
Query Letter Contents
We refer to your Company's announcement dated 6 October 2022, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

1. To state the names of the substantial shareholders of DHSM together with their direct and/or indirect shareholdings.

2. Please provide details of the valuation undertaken on the Property which forms the basis of the Disposal Consideration, including the name of the independent registered valuer, date and method of valuation and quantification of the market value.

3. To disclose the status of utilization of proceeds of RM4 million.

4. To substantiate your rationale and justification to monetise the Company’s investment at RM4 million given that the disposal will result in proforma loss of RM13,737,698 to your Company. In this regard, please also state and clarify as to whether the directors of TWL has fulfilled its duty of care, skills and had undertaken the due diligence in forming its opinion that the Disposal is in the best interest of TWL Group.

5. It has been brought to our attention that the 9 plots of Property was the subject matter of a Joint Venture Agreement (“JVA”) entered between TWL Property Venture Property Sdn Bhd (formerly known as Tiger Synergy Timber Sdn. Bhd (“TSTSB”) with Kemajuan Rowther Sdn. Bhd. (“KRSB”) dated 30 June 2016  for the purpose of undertaking a residential and/ or commercial strata units and/or such other development project. However, in view that your company has proceeded to dispose of the Property via the sales and purchase agreement with Dunia Herbs Sales & Marketing Sdn Bhd on 3 September 2020 for RM4 million, please disclose with greater clarity on the status of the JVA arising from the Disposal, including but not limited to, the payment made by TSTSB to KRSB of RM3 million, being the consideration sum for entering into the JVA.
For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 06th October 2022.

Reference is made to the announcement dated 06th October 2022 and Bursa Malaysia Securities Berhad's ("Bursa Securities") letter and email dated 07th October 2022 in relation to the above subject matter.

The Board of Directors of TWL Holdings Berhad is pleased to provide further information as requested by Bursa Securities in the attachment herein.

This announcement is dated 11th October 2022.

Please refer attachment below.
Attachments

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发表于 5-12-2022 07:09 AM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
ESOS
Details of corporate proposal
EMPLOYEES' SHARE OPTION SCHEME
No. of shares issued under this corporate proposal
108,053,200
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0300
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
3,948,725,517
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 356,058,769.390
Listing Date
02 Dec 2022



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发表于 30-9-2023 12:52 PM | 显示全部楼层
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TWL HOLDINGS BERHAD ("TWL" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 810,800,600 NEW ORDINARY SHARES IN TWL ("TWL SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of TWL (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Please refer to the attachment for further details of the Proposed Private Placement.

This announcement is dated 27 September 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3388427

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发表于 11-10-2023 02:57 PM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Exercise of Warrants
Details of corporate proposal
Conversion of Warrants E (2023/2026) to Ordinary Shares
No. of shares issued under this corporate proposal
115,074,900
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0300
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
4,827,398,567
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 376,750,613.680
Listing Date
12 Oct 2023


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发表于 13-10-2023 01:30 AM | 显示全部楼层
本帖最后由 icy97 于 14-10-2023 12:58 AM 编辑

TWL HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name
TWL CAPITAL BERHAD
Address
T3-13A-20, 3 Towers, Menara 3, No. 296, Jalan Ampang
Kuala Lumpur
50450 Wilayah Persekutuan
Malaysia.
Company No.
200601021373
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of TransactionNature of Interest
109 Oct 2023
8,658,485
OthersIndirect Interest
Name of registered holder
Dato Tan Wei Lian
Address of registered holder
TWL Mantion 88 Jalan Kilat 70200 Seremban, Negeri Sembilan Darul Khusus.
Description of "Others" Type of Transaction
TWL-WE
209 Oct 2023
4,030,000
AcquiredIndirect Interest
Name of registered holder
Dato Tan Wei Lian
Address of registered holder
TWL Mantion 88 Jalan Kilat 70200 Seremban, Negeri Sembilan Darul Khusus.
Description of "Others" Type of Transaction
309 Oct 2023
900,000
AcquiredIndirect Interest
Name of registered holder
Datin Sek Chian Nee
Address of registered holder
TWL Mantion 88 Jalan Kilat 70200 Seremban, Negeri Sembilan Darul Khusus.
Description of "Others" Type of Transaction
412 Oct 2023
114,500,000
OthersDirect Interest
Name of registered holder
TWL Capital Berhad
Address of registered holder
T3-13A-20, 3Towers, Menara 3, No. 296, Jalan Ampang, 50450 Kuala Lumpur, Malaysia.
Description of "Others" Type of Transaction
TWL-WE

Circumstances by reason of which change has occurred
1. Acquisition of shares by exercise TWL-WE by Dato Tan Wei Lian.2. Acquisition of shares through open market by Dato Tan Wei Lian.3. Acquisition of shares through open market by Datin Sek Chian Nee.4. Acquisition of shares by exercise TWL-WE.
Nature of interest
Direct and Indirect Interest
Direct (units)
755,073,500
Direct (%)
15.641
Indirect/deemed interest (units)
764,643,404
Indirect/deemed interest (%)
15.84
Total no of securities after change
1,519,716,904
Date of notice
13 Oct 2023
Date notice received by Listed Issuer
13 Oct 2023


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发表于 21-3-2024 03:20 PM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Loan Stocks
Details of corporate proposal
Conversion of RCULS to Ordinary Shares
No. of shares issued under this corporate proposal
145,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0300
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
5,648,910,867
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 416,336,472.060
Listing Date
25 Mar 2024

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发表于 12-4-2024 01:04 PM | 显示全部楼层
Notice of Person Ceasing (Section 139 of CA 2016)
TWL HOLDINGS BERHAD
Particulars of Substantial Securities Holder
Name
MISS LOW SWEE FOONG
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Name of registered holder
LOW SWEE FOONG
Date of cessation
04 Apr 2024
No of securities disposed
76,828,849
Circumstances by reason of which a person ceases to be a substantial shareholder
Disposal Of Shares Through Open Market.
Nature of interest
Direct Interest
Date of notice
09 Apr 2024
Date notice received by Listed Issuer
09 Apr 2024

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发表于 27-8-2024 03:52 AM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Loan Stocks
Details of corporate proposal
Conversion of RCULS to Ordinary Shares
No. of shares issued under this corporate proposal
110,496,600
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0300
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
5,876,347,035
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 420,670,754.600
Listing Date
19 Aug 2024



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发表于 9-9-2024 11:03 AM | 显示全部楼层
TWL HOLDINGS BERHAD

Date of change
28 Aug 2024
Name
DATIN SEK CHIAN NEE
Age
57
Gender
Female
Nationality
Malaysia
Designation
Executive Director
Directorate
Executive
Type of change
Resignation
Reason
To focus on other personal commitments
Details of any disagreement that he/she has with the Board of Directors
No
Whether there are any matters that need to be brought to the attention of shareholders
No
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Diploma
Perguruan
Kementerian Pelajaran Malaysia

Working experience and occupation
Datin Sek Chian Nee completed her Diploma in Perguruan in Kementerian Pelajaran Malaysia in 1993. Upon graduation, she joined the education industry in Bahau, Negeri Sembilan Darul Khusus as a Teacher. She joined TWL Holdings Berhad as a Group Human Resources and Admin General Manager since 2006. She was appointed as an  Executive Director of TWL Holdings Berhad on 29 May 2015.
Family relationship with any director and/or major shareholder of the listed issuer
Datin Sek Chian Nee is the wife of Dato' Tan Wei Lian who is the Executive Chairman of TWL Holdings Berhad.
Any conflict of interests that he/she has with the listed issuer
NIL
Details of any interest in the securities of the listed issuer or its subsidiaries
DIRECT INTEREST: 241,509,513 ORDINARY SHARESINDIRECT INTEREST: 1,066,838,491


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发表于 12-9-2024 06:53 AM | 显示全部楼层
Expiry/Maturity of the securities
TWL HOLDINGS BERHAD

Instrument Category
Securities of PLC
Instrument Type
Warrants
Type Of Expiry
Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price
Cash
Exercise/ Strike/ Conversion Price
Malaysian Ringgit (MYR) 0.0400
Exercise/ Conversion Ratio
1:1
Settlement Type / Convertible into
Physical (Shares)
Last Date & Time of Trading
18 Sep 2024 05:00 PM
Date & Time of Suspension
19 Sep 2024 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c
27 Sep 2024 04:30 PM
Date & Time of Expiry
04 Oct 2024 05:00 PM
Date & Time for Delisting
07 Oct 2024 09:00 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3478899

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发表于 15-9-2024 02:10 AM | 显示全部楼层
本帖最后由 icy97 于 16-9-2024 07:56 AM 编辑

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2024
30 Jun 2023
30 Jun 2024
30 Jun 2023
$$'000
$$'000
$$'000
$$'000
1Revenue
28,451
10,815
51,165
25,691
2Profit/(loss) before tax
10,921
1,460
18,586
-2,641
3Profit/(loss) for the period
672
1,411
7,292
-3,129
4Profit/(loss) attributable to ordinary equity holders of the parent
672
1,411
7,292
-3,129
5Basic earnings/(loss) per share (Subunit)
0.01
0.03
0.13
-0.08
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0800
0.1100

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发表于 21-9-2024 01:09 AM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Exercise of Warrants
Details of corporate proposal
Conversion of Warrants D ( 2021/2024) to Ordinary Shares
No. of shares issued under this corporate proposal
80,723,437
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0400
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
5,965,743,072
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 425,414,311.630
Listing Date
18 Sep 2024


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发表于 24-9-2024 06:55 AM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Exercise of Warrants
Details of corporate proposal
Conversion of Warrants D ( 2021/2024) to Ordinary Shares
No. of shares issued under this corporate proposal
70,756,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0400
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
6,036,499,072
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 429,305,891.630
Listing Date
24 Sep 2024


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发表于 25-9-2024 06:39 AM | 显示全部楼层
TWL HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Exercise of Warrants
Details of corporate proposal
Conversion of Warrants D ( 2021/2024) to Ordinary Shares
No. of shares issued under this corporate proposal
122,378,275
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0400
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
6,158,877,347
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 436,036,696.760
Listing Date
27 Sep 2024



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发表于 15-10-2024 10:15 AM | 显示全部楼层
TWL HOLDINGS BERHAD

Particulars of substantial Securities Holder
Name
TWL CAPITAL BERHAD
Address
T3-13A-20, 3 Towers, Menara 3, No. 296, Jalan Ampang
Kuala Lumpur
50450 Wilayah Persekutuan
Malaysia.
Company No.
200601021373
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of TransactionNature of Interest
120 Sep 2024
65,705,400
AcquiredDirect Interest
Name of registered holder
TWL Capital Berhad
Address of registered holder
T3-13A-20, 3 Towers, Menara 3, No. 296, Jalan Ampang, 50450 Kuala Lumpur, Malaysia
Description of "Others" Type of Transaction
226 Sep 2024
24,000,000
AcquiredIndirect Interest
Name of registered holder
Datin Sek Chian Nee
Address of registered holder
TWL Mansion, No. 88, Jalan Kilat, 70200 Seremban, Negeri Sembilan, Malaysia.
Description of "Others" Type of Transaction
301 Oct 2024
15,000,000
AcquiredIndirect Interest
Name of registered holder
Datin Sek Chian Nee
Address of registered holder
TWL Mansion, No. 88, Jalan Kilat, 70200 Seremban, Negeri Sembilan, Malaysia.
Description of "Others" Type of Transaction
401 Oct 2024
16,000,000
AcquiredIndirect Interest
Name of registered holder
Datin Sek Chian Nee
Address of registered holder
TWL Mansion, No. 88, Jalan Kilat, 70200 Seremban, Negeri Sembilan, Malaysia.
Description of "Others" Type of Transaction
502 Oct 2024
11,645,000
AcquiredIndirect Interest
Name of registered holder
Datin Sek Chian Nee
Address of registered holder
TWL Mansion, No. 88, Jalan Kilat, 70200 Seremban, Negeri Sembilan, Malaysia.
Description of "Others" Type of Transaction
608 Oct 2024
986,975
AcquiredIndirect Interest
Name of registered holder
Dato' Tan Wei Lian
Address of registered holder
TWL Mansion, No. 88, Jalan Kilat, 70200 Seremban, Negeri Sembilan, Malaysia.
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred
1. Acquisition of Ordinary via Direct Business Transaction.2. Acquisition of Ordinary via Direct Business Transaction by Datin Sek Chian Nee.3. Acquisition of Ordinary via Direct Business Transaction by Datin Sek Chian Nee.4. Acquisition of Ordinary Shares through Open Market by Datin Sek Chian Nee.5. Acquisition of Ordinary Shares through Open Market by Datin Sek Chian Nee.6. Acquisition of Ordinary Shares through Open Market by Dato' Tan Wei Lian.
Nature of interest
Direct and Indirect Interest
Direct (units)
562,957,100
Direct (%)
9.097
Indirect/deemed interest (units)
878,728,279
Indirect/deemed interest (%)
14.2
Total no of securities after change
1,441,685,379
Date of notice
09 Oct 2024
Date notice received by Listed Issuer
09 Oct 2024



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发表于 11-2-2025 07:17 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NOTICES OF ASSESSMENT FOR THE YEARS OF ASSESSMENT 2017,2018,2019,2021,2022, AND 2023.
TWL Holdings Berhad ("TWL") wishes to announce that TWL received notices of assessment for the years of assessment 2017,2018,2019,2021,2022, and 2023 ("Notices") by the Inland Revenue Board of Malaysia ("IRB") amounting in aggregate to RM36,025,774.46.

The additional taxes and penalty are imposed based on the two issues:-
(a) Deemed interest imposed on TWL under section 140A of the Income Tax Act; and
(b) Disallowing deduction of employee share option scheme ("ESOS") expenses.

Based on the legal advice and opinion obtained from the tax solicitors, TWL is of the view that it has a good basis in law to contend the said assessment were incorrectly raised by IRB.

TWL has filed a judicial review against the IRB at the High Court of Malaya to challenge the matters arising from the said Notices. The hearing was held on 22 January 2025. Upon hearing from both parties, the Judge granted an interim stay order to stay the effect and enforcement of all the Notices of Assessment until the disposal of the leave application.

The Judge fixed for a case management on 26.02.2025.

This announcement is dated 06 February 2025.

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发表于 7-3-2025 07:42 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2024
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2024
31 Dec 2023
31 Dec 2024
31 Dec 2023
MYR'000
MYR'000
MYR'000
MYR'000
1Revenue
20,847
6,817
40,099
16,169
2Profit/(loss) before tax
6,076
2,824
11,073
6,450
3Profit/(loss) for the period
5,084
2,822
8,474
5,597
4Profit/(loss) attributable to ordinary equity holders of the parent
5,084
2,822
8,474
5,597
5Basic earnings/(loss) per share (Subunit)
0.08
0.06
0.14
0.11
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent
0.0800
0.0800

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发表于 28-3-2025 07:18 AM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ACQUISITION OF SHARES IN TWL AVENUE (KAPAR) SDN BHD FORMERLY KNOWN AS TINTA LAND SDN BHD
CONTENTS:
1. INTRODUCTION
The Board of TWL Holdings Berhad ("TWL") is pleased to announce that TWL has acquired 40.005% of the share capital of TWL Avenue (Kapar) Sdn Bhd (1458211-A) formerly known as Tinta Land Sdn Bhd ("TAKSB") comprising of 4,001,500 ordinary share of RM1.00 each fully paid for consideration of RM8.5 million ("Acquisition") from TWL Capital Berhad ("TCB").

2. DETAILS OF THE ACQUISITION
2.1 Information on TCB
TCB was incorporated in Malaysia under the Companies Act 1965 as a public limited company on 17.07.2006. The principal activities of the TCB are general trading and investment. The total issued of ordinary shares is RM10,000,000. The current directors of TCB are Dato Tan Wei Lian and Datin Sek Chian Nee.

2.2 Information on TAKSB
TAKSB was incorporated in Malaysia under the Companies Act 2016 as a private limited company on 06.04.2022. The principal activity of TAKSB is property development. The total issued of ordinary shares in RM10,002,500. The current directors of TAKSB is Elaine Tan Yi Ying, Tan Lee Chin and Dato Tan Wei Lian.

3. BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION
The purchase consideration was on a willing buyer, willing seller basis. There will be no liabilities assumed by TWL arising from the Acquisition.

4. SOURCE OF FUNDING
The purchase consideration for the Acquisition will be financed through internally generated funds.

5. RATIONALE FOR THE ACQUISITION
The Acquisition allows for business growth and financially stability by creating new opportunities and increasing revenue to the Group. It helps strengthen resources, and support future projects.

6. RISK FACTOR
The Board of TWL  is not aware of any specific risk factors arising from the Acquisition other than the normal and market risks.

7. FINANCIAL EFFECTS
7.1 Share Capital
The Acquisition has no effect on the share capital of TWL as it was satisfied entirely by fund generated internally.

7.2 Net Assets
The Acquisition is not expected to have any significant effect on the Net Assets of the TWL's Group for the financial year ending 30 June 2025.

7.3 Earnings
The Acquisiton is not expected to have any material effect on the earnings per share of the TWL's Group for the financial year ending 30 June 2025.

8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSON CONNECTED WITH THEM
Save as disclosed below, none of the Directors and/or major shareholders of TWL, and/or person connected with them have any interest, either direct or indirect, in the Acquisition:

A. INTERESTED DIRECTOR
i. Dato Tan Wei Lian is an Executive Chairman of TWL. He is also the director of TCB and TAKSB. He is the brother of Ms. Tan Lee Chin.
ii. Ms. Tan Lee Chin is a Managing Director of TWL and director of TAKSB. She is the sister of Dato Tan Wei Lian.
Dato Tan Wei Lian and Ms. Tan Lee Chin are collectively known as the Interested Director.

B.INTERESTED MAJOR/SUBSTANTIAL SHAREHOLDER
i. Datin Sek Chian Nee is the director of TCB and also substantial shareholder of TWL.
ii. TCB is a substantial shareholder of TWL.

Accordingly, the Interested Directors have abstained from deliberating on the Acquisition at the relevant Board Meeting.

9. PARTICULARS OF LIABILITIES TO BE ASSUMED
There are no liabilities including contingent liabilities to be assumed by TWL arising from the Acquisition.

10. DEPARTURE FROM THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES ON ISSUE OF SECURITIES
The Acquisition does not involve any issue/offer of securities, the Securities Commission's Policies and Guidelines on Issue/Offer of Securities are therefore not applicable.

11. DIRECTORS STATEMENTS
The Board (save for the Interested Director), having considered all aspects of the Acquisition, including the basis, justification, rationale, and effects of the Acquisition is of the opinion the Acquisition is in the best interest of TWL.  

12. AUDIT & RISK COMMITTEE'S STATEMENT
The Audit and Risk Committee (save for the Interested Directors), after having considered all relevant aspects of the Acquisition, including source of funds, the basis and justifications, rationale and effects is of the opinion that the Acquisition is the best interest of TWL, fair, reasonable, and on normal commercial terms and also not detrimental to the interested and non-interested party.  

13. APPROVAL REQUIRED
The Acquisition is not subject to the approval of the shareholders of TWL nor from relevant parties.

The announcement is dated 27 March 2025.

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