Pursuant to paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities
Berhad, Dato' Seri Kalimullah bin Masheerul Hassan ("Dato' Seri Kalimullah"), a Director of the Company,
has given notice of his dealing in the ordinary shares of ECM during the closed period as set out below:
Date Acquired |
No. of Shares |
% of Issued Share Capital |
Price per Share (RM) |
16.05.2018 |
21,689,950 |
4.855% |
0.36 |
The above dealing is in respect of an allotment and issuance of new ordinary shares in ECM to Dato' Seri
Kalimullah consequent to the acquisition by ECM from TP Real Estate Holdings Pte Ltd ("TPRE") of 50%
equity interest in TP Sepang Sdn Bhd, TP International Pty Ltd and Yummy Kitchen Sdn Bhd, and 40.005%
equity interest in TP Hotel (Flinders) Trust (together with 40.005% of the rights and benefits to the total
advances owing by TP Hotel (Flinders) Trust) for which the purchase consideration has been satisfied via the
allotment and issuance of 160,205,555 new ordinary shares in ECM ("Consideration Shares") to the
shareholders of Tune Hotels.Com Limited ("THCL") who include Dato' Seri Kalimullah, under the plan of
arrangement undertaken by THCL with its shareholders pursuant to Section 118 of the Labuan Companies
Act. THCL is a shareholder of TPRE. The plan of arrangement involved principally, (i) the reduction in the
share capital of THCL through the distribution in specie of the redeemable preference shares of TPRE held
by THCL to the shareholders of THCL in proportion to their respective shareholdings in THCL; and (ii) the
redemption of such redeemable preference shares by TPRE from the shareholders of THCL using the
Consideration Shares in proportion to their respective shareholdings in THCL.
This announcement is dated 17 May 2018.
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