TTJ Holdings

[cyclone]

Non-renewal of Tenancy for Foreign Workers Dormitory at Terusan Lodge I

TTJ Holdings Limited wishes to inform shareholders that the Group has been notified by the Building and Construction Authority (the "BCA") that as the site where the Terusan Dormitory is located will be affected by re-development works, the BCA has not granted the Group’s application for a renewal for a further term of the tenancy for the Terusan Dormitory. Currently, the Terusan Dormitory houses approximately 5,300 workers and is the only workers dormitory operated by the Group.
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The Group's Dormitory business contributed approximately 20.3% or S$19.1 million of the Group's revenue for FY2015. Accordingly, the non-renewal of the Terusan Dormitory is expected to have a material impact on the Group's financial and operating results for the financial year ending 31 July 2017 ("FY2017"). The Jurong Dormitory is not expected to have a material impact on the Group's financial and operating results for FY2017.

More details in http://infopub.sgx.com/FileOpen/Announce...eID=413502