TCMH definition
Examples of TCMH in a sentence
In respect of the Existing Transactions, TCC is a controlling shareholder of the Company and TCMH Group.
In the circumstances, each of the TCMH Group, TCIM Sdn Bhd, FAP and NSP is connected person of the Company and the Existing Transactions constitute continuing connected transactions for the Company.
TCMA is a subsidiary of TCMH, of which TCC is a controlling shareholder.
Being Directors who are deemed to be interested in the Joint Venture, Dato’ Tan ▇▇▇▇ ▇▇▇▇, Dato’ Khor Swee Wah @ Koh Bee Leng, ▇▇ ▇▇▇ Min On and ▇▇ ▇▇ ▇▇▇ ▇▇▇▇ have abstained and will continue to abstain from deliberating and voting on the resolution(s) in respect of the Joint Venture at the relevant meeting of the Board of TCMH.
Since the Assembly Transactions, the APM Transactions and the Existing Transactions were entered into by the Group with parties connected or otherwise associated with one another, the APM Transactions with APMER and the Existing Transactions with TCMH Group, TCIM Sdn Bhd, FAP and NSP were aggregated pursuant to Rule 14A.26 of the Listing Rules.
By virtue of their respective shareholdings in TCC pursuant to Section 8(4) of the Companies ▇▇▇ ▇▇▇▇ (“Act”), Dato’ Tan ▇▇▇▇ ▇▇▇▇, a Director of TCMH and WTCH, and ▇▇ ▇▇▇ Eng Soon, a brother of Dato’ Tan ▇▇▇▇ ▇▇▇▇, are major shareholders of TCMH and WTCH.
The Board of Directors of ▇▇▇ ▇▇▇▇▇ Motor Holdings Berhad (“TCMH” or “the Company”) wishes to announce that TCMH has on 24 September 2018 entered into a Subscription and Shareholders’ Agreement (“Agreement”) with Warisan TC Holdings Berhad (“WTCH”) and Comit Communication Technologies (M) Sdn Bhd (“CCT”), a wholly-owned subsidiary of WTCH, to regulate the relationship of the parties as shareholders through equity participation by TCMH in CCT (“Joint Venture”).
Given the Group’s long established and stable business relationship with the TCMH Group and the competitive price the connected persons offered pursuant to the Assembly Transactions, the Board considers that the Assembly Transactions are beneficial to the business of the Group.
The Board of TCMH (except for the interested Directors as disclosed under Section 11 above) having considered all aspects of the Joint Venture, is of the opinion that the Joint Venture is in the best interest of the TCMH Group.
The Joint Venture is not subject to the approval of the shareholders of TCMH or any other relevant regulatory authorities.