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OTHERS TALAM TRANSFORM BERHAD ("TTB" or "the Company") ACCEPTANCE OF TERM LOAN FACILITY OF RM21.0 MILLION GRANTED BY INSAS CREDIT & LEASING SDN BHD TO TALAM LEISURE DEVELOPMENT SDN BHD

TALAM TRANSFORM BERHAD

Type Announcement
Subject OTHERS
Description
TALAM TRANSFORM BERHAD ("TTB" or "the Company")
ACCEPTANCE OF TERM LOAN FACILITY OF RM21.0 MILLION GRANTED BY INSAS CREDIT & LEASING SDN BHD TO TALAM LEISURE DEVELOPMENT SDN BHD

Pursuant to Chapter 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that on 14 December 2023, Talam Leisure Development Sdn Bhd (“TLDSB”), a wholly-owned subsidiary of TTB has accepted a Term Loan Facility of  RM21.0 million (“TL Facility”) offered by Insas Credit & Leasing Sdn Bhd (“Lender”) for the following purposes:-

 

Lender

Facility

 

Purpose and Tenure

 

 

Securities

 

Insas Credit & Leasing Sdn Bhd

Secured Term Loan of RM21.0 Million

To partially pay the land premium due to Bendahari Negeri Selangor in accordance to the letter issued by Pejabat Daerah Dan Tanah Sepang on 5 January 2023 or such other purposes as may be approved by the Lender.

 

The Facility shall be fully repaid within 6 months from the date of first drawdown of the TL Facility with an extension of 3 months.

(1)   A third party first legal charge over 5 land titles beneficially owned and registered in the name of Europlus Berhad [Company No. 192601000051 (520-H)], a wholly-owned subsidiary of TTB (Bukit Beruntung Lands).

(2)  A third party first legal charge and/or lienholder caveat over 26 leasehold land titles beneficially owned and registered in the name of Pintar Arif Sdn Bhd [Company No. 199401027309 (312991-U)] (“PASB”), a 97.44%-subsidiary of TTB (26 parcels of Semi-Detached Titles).

(3) A third party first legal charge and/or lienholder caveat over 1 leasehold residential land title beneficially owned and registered in the name of PASB (Ukay Perdana Condo Land).

(4) An assignment by TLDSB of 50% of collection sales proceeds from the unsold and sold units pending release of Seroja Apartment in Taman Putra Perdana which form part of the land held under master title No. H.S.(D) 35170 No. PT22432 Mukim Dengkil Daerah Sepang, Negeri Selangor (Assignment of Seroja Proceeds).

(5)  A debenture over fixed and floating assets of TLDSB.

(6)   A Corporate Guarantee by Talam Transform Berhad [Company No. 192001000012 (1120-H)], the holding company of TLDSB.

(7) A Personal Guarantee by Tan Sri Dato’ Dr Ir Chan Ah Chye @ Chan Chong Yoon (NRIC No. 460220-08-5673), a Director and Major Shareholder of TTB.

 

TLDSB has an issued and paid-up share capital of RM500,000.00. The principal activities of TLDSB are property development and investment holding.

 

This announcement is dated 14 December 2023.






Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 14 Dec 2023
Category General Announcement for PLC
Reference Number GA1-06122023-00036



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