InvestSMART

Timah Resources Limited (ASX:TML)

ALERT: Price-sensitive ASX Announcement for TML
Current share price for TML : $0.047 0.001 (2.17%)+
Announcement
Release
3 Mar 2026 4:06PM
Price at Release
$0.046
Full Release
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Summary
Timah Resources Limited (ASX: TML) has announced the acquisition of a 40% interest in Cash Horse (M) Sdn. Bhd., a Malaysian power generation company, through a Share Sale Agreement with Cash Nexus (M) Sdn. Bhd. The acquisition involves 23,500,000 ordinary shares at a total purchase consideration of RM31,613,227, to be paid over ten years with interest. This strategic move aligns with TML's objective to enhance its renewable energy portfolio. Completion of the transaction is contingent upon certain conditions, including shareholder approval. The Board believes the acquisition will bolster TML's growth and earnings potential. The transaction is subject to compliance with ASX Listing Rules due to Cash Nexus being a substantial TML shareholder.
Key Points
  • Acquisition of 40% interest in Cash Horse (M) Sdn. Bhd.
  • Share Sale Agreement with Cash Nexus (M) Sdn. Bhd.
  • Purchase consideration of RM31,613,227 over ten years
  • Interest on outstanding balance at Reserve Bank of Australia Cash Rate
  • Cash Horse engages in power generation in Malaysia
  • TML's strategy to expand renewable energy assets
  • Transaction subject to shareholder approval
  • Compliance with ASX Listing Rules required
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.