Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackSep 28, 2021
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY")

PROPOSED DISPOSAL OF KULAI YOUNG ESTATE MEASURING A TOTAL OF 663.98 HECTARES FOR A TOTAL CASH CONSIDERATION OF RM428.82 MILLION

On behalf of the Board of Directors of BPB, Affin Hwang Investment Bank Berhad wishes to announce that CIMB Islamic Trustee Berhad, acting solely in the capacity as a trustee and on behalf of BPB and BPB as the beneficiary, had on 28 September 2021 entered into a sale and purchase agreement (“SPA”) with SIPP Power Sdn Bhd for the proposed disposal of 5 parcels of freehold land held under GRN 229629 Lot 3564, HSD 64784 PTD 109021, HSD 64789 PTD 109026, HSD 64796 PTD 109033 and HSD 64797 PTD 109034 all within Mukim of Kulai, District of Kulai, Johor measuring 663.98 hectares for a total cash consideration of RM428,818,278 (“Proposed Disposal”), subject to the terms and conditions of the SPA.

Please refer to the attachment for further details on the Proposed Disposal.

 

This announcement is dated 28 September 2021.


Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 28 Sep 2021
Category General Announcement for PLC
Reference Number GA1-28092021-00064

Attachments

  1. BPB_-_Proposed_Disposal_(28.9.2021).pdf (Size: 648,019 bytes)
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