Jul 13, 2015 - The Land is located opposite Petronas Jinjang Utara,. Jalan Kepong and at the intersection between Jalan
Company Name Stock Name Date Announced Type Subject
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: THRIVEN GLOBAL BERHAD (formerly known as Mulpha Land Berhad) : THRIVEN : 13 July 2015 Announcement Thriven Global Berhad (formerly known as Mulpha Land Berhad) (“Thriven” or “the Company”) - Acquisition of a new subsidiary
Contents: The Board of Directors (“the Board”) of Thriven wishes to announce that the Company has on 10 July 2015 acquired 510,000 ordinary shares of RM1.00 each (“Shares”) representing 51% of the total issued and paid up share capital of Demi Wangsa Development Sdn. Bhd. (Company No. 1047500-W) (“DWDSB”), a company incorporated in Malaysia under the Companies Act, 1965 for a total purchase consideration of Ringgit Malaysia Six Million Three Hundred and Ten Thousand (RM6,310,000.00) only (“the Acquisition of Shares”) from the following parties:No. Seller Number of Shares in DWDSB sold to Thriven (a) Amona Land Sdn. Bhd. (Company No. 410,000 Shares or 41% of the share capital of DWDSB 440995-H) (“Amona”) (b) Che Hasnadi bin Che Hassan (“CH”) 50,000 Shares or 5% of the share capital of DWDSB (c) RR Rich Resources Sdn. Bhd. (Company 50,000 Shares or 5% of the share capital of DWDSB No. 1085823-H) (“RRRR”) (Amona, CH and RRRR shall hereinafter collectively be called the “Vendors” and each a “Vendor”) As a result of the Acquisition of Shares, DWDSB will be a 51% owned subsidiary of Thriven. The remaining 49% equity interest of DWDSB will be held by the Vendors, wherein Amona, CH and RRRR will continue to hold 39%, 5% and the balance 5% equity interest, respectively, in DWDSB. DWDSB was incorporated on 27 May 2013 and has not commenced any business since incorporation. The authorised and paid-up capital of DWDSB is RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each. The nature of business of DWDSB are to transact business of housing developers, acquisition of lands, houses and to transact business as general traders. DWDSB is the beneficial owner of a piece of leasehold land (expiring on 27 May 2100) measuring approximately 8,475 square metres and held under PN 46467 Lot 58453, Mukim Batu, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan KL (“Land”). The Land is located opposite Petronas Jinjang Utara, Jalan Kepong and at the intersection between Jalan Kepong and Pintasan Segambut. The purchase consideration was arrived at on a “willing-buyer willing-seller” basis, after taking into consideration: (a) the strategic and established location of the Land with easy access to amenities and established infrastructure; and (b) the development potential of the Land. The Acquisition of Shares is not subject to the approval from the shareholders of Thriven nor any government authorities. The Acquisition of Shares is financed through internally generated funds.
Thriven Global Berhad (formerly known as Mulpha Land Berhad) (182350-H) Acquisition of a new subsidiary [cont’d]
The Board of Directors of Thriven is of the opinion that the Acquisition of Shares is in the best interest of the Thriven group. None of the Directors and/or major stakeholders of Thriven or persons connected to them have any interest, direct or indirect, in the Acquisition of Shares. This announcement is made pursuant to Chapter 9, Paragraph 9.19(23) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement does not fall within the ambit of Chapter 10 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad because the highest percentage ratio is 4.48%. This announcement is dated 13 July 2015.
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