July 30, 2014 2:00 PM ET

Capital Markets

Company Overview of Lembaga Tabung Angkatan Tentera (LTAT)

Company Overview

Tingkat 9-12, Bangunan Ltat

Jalan Bukit Bintang, Peti Sura

Kuala Lumpur,  50748

Malaysia

Key Executives for Lembaga Tabung Angkatan Tentera (LTAT)

Chief Executive
Age: 65
Compensation as of Fiscal Year 2014.

Lembaga Tabung Angkatan Tentera (LTAT) Key Developments

TSR Capital Berhad, Lembaga Tabung Angkatan Tentera and Pembinaan Bukit Timah Sdn Bhd Form Joint Venture

The Board of Directors of TSR Capital Berhad announced that on February 3, 2014 the company has received a letter dated on January 29, 2014 from the Ministry of Defence Malaysia informing the approval-in-principle granted by the Federal Government of Malaysia for the proposed joint venture company which details is described in Note 3, to enter into negotiations with the Government over terms for the proposed relocation and reconstruction of a new Air Force Base for the Royal Malaysian Air Force Butterworth, Penang through land swap. The Government’s approval-in-principle to the Proposal submitted by the JVC is subject to terms and conditions to be agreed between the Government and JVC and the execution of a formal agreement pertaining thereto. The Proposal will be carried out by a joint venture company to be established which the equity proportion shall be as follows:- TSR Capital Berhad- 51%, Lembaga Tabung Angkatan Tentera-30% and Pembinaan Bukit Timah Sdn Bhd-19%.

Federal Government of Malaysia Proposes Relocation and Reconstruction of a New Air Force Base for the Royal Malaysian Air Force Through Land Swap

The Board of Directors of TSR Capital Berhad announced that on 3 February 2014 the Company has received a letter dated on 29 January 2014 from the Ministry of Defence Malaysia informing the approval-in-principle granted by the Federal Government of Malaysia for the proposed joint venture company (JVC) which details is described in Note 3, to enter into negotiations with the Government over terms for the proposed relocation and reconstruction of a new Air Force Base for the Royal Malaysian Air Force (RMAF) Butterworth, Penang through land swap. The Government’s approval-in-principle to the Proposal submitted by the JVC is subject to terms and conditions to be agreed between the Government and JVC and the execution of a formal agreement pertaining thereto. The proposal will be carried out by a joint venture company to be established which the equity proportion shall be as: TSR Capital Berhad - 51%; Lembaga Tabung Angkatan Tentera - 30%; and Pembinaan Bukit Timah Sdn Bhd - 19%. The JVC has proposed to the Government to undertake the following: to relocate and reconstruct the existing Air Force Base of RMAF Butterworth which is currently situated in Butterworth, Penang on a land to be identified. The JVC is to design, build and finance the development and construction of the New Air Force Base. The Government shall pay the JVC for the New Air Force Base through land swap at the current market value of the Government Lands. The Government Lands includes but not limited to the land measuring approximately 1,007 acres where the existing RMAF Butterworth is situated (RMAFB Land). Propose, plan and develop the existing RMAFB Land into an integrated mixed-used development project.

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