(I) Proposed acquisitions of:

• 50% equity interest in TP Sepang Sdn Bhd, TP Hotel (Flinders) Trust (together with 50% of the rights and benefits to the shareholders' advances owing by TP Flinders), TP International Pty Ltd and Yummy Kitchen Sdn Bhd; and
  
  
• Tune Hotel Penang, Tune Hotel KK and Tune Hotel KLIA Aeropolis,

for an aggregated purchase consideration of RM88,600,000;

(II) a proposed special dividend, subject to the completion of the proposed disposals as described in (III) below; and

(III) the proposed disposal of non-core assets, comprising part of Bangunan ECM Libra, and a semi-detached residential property for an aggregated disposal consideration of RM28,000,000.

Please refer to the attachment for the full text of the Announcement in relation to the proposals.

This announcement is dated 4 May 2017.

Attachment(s):- Announcement 2017-05-04 (Final).pdf