ENTITY

Talam Transform (TALA MK)

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Analysis
Real EstateMalaysia
Talam Transform Bhd. is an investment holding company which operates in property development. The Company, through its subsidiaries, operates in property investment and management, trades building materials, manufactures ready mix concrete, ice, and motor vehicles, provides higher educational programs, leases financing, provides money lending, and manages hotel.
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Exchange Announcement23 Dec 2024 08:00

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES IN TALAM (“TALAM SHARE(S)” OR “SHARE(S)”) HELD BY THE SHAREHOLDERS OF TALAM ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT DATE”), INTO ONE (1) TALAM SHARE (“CONSOLIDATED SHARE(S)”) (“PROPOSED SHARE CONSOLIDATION”); (II) PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN TALAM (EXCLUDING TREASURY SHARES, IF ANY), AT ANY POINT IN TIME, AT AN ISSUE PRICE TO BE DETERMINED AND FIXED AT A LATER DATE (“PROPOSED PRIVATE PLACEMENT”) AND TO BE UNDERTAKEN AFTER THE COMPLETION OF THE PROPOSED SHARE CONSOLIDATION; (III) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF TALAM PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (“PROPOSED SHARE CAPITAL REDUCTION”); (IV) PROPOSED DISPOSAL OF 27.72 ACRES OF LAND IN PUTRA PERDANA FORMING PART OF MASTER TITLE PAJAKAN NEGERI 39258, LOT 14009, MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR BY TALAM LEISURE DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TALAM TO EVER MARK (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IJM PROPERTIES SDN BHD (“PROPOSED DISPOSAL”); AND (V) PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) INVOLVING UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF TALAM (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE DURATION OF THE ESOS FOR ELIGIBLE EMPLOYEES AND DIRECTORS OF TALAM AND ITS SUBSIDIARIES (“PROPOSED ESOS”). (COLLECTIVELY, THE “PROPOSALS”)

Exchange Announcement20 Dec 2024 08:00
Exchange Announcement28 Nov 2024 08:00
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