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

BackSep 26, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY") SALE OF 5 ADJOINING PARCELS OF FREEHOLD LAND MEASURING A TOTAL OF 677.78 HECTARES TO SETIA RECREATION SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM620.1 MILLION ("SALE")

Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the circular to shareholders of BPB dated 16 March 2017 in relation to the Sale (“Circular”).

We refer to the announcement dated 22 December 2016 in relation to the Sale and the Circular.

On behalf of the Board, Affin Hwang IB wishes to announce that the Sale was completed on 26 September 2017 following the full payment of the Balance Purchase Price by Setia Recreation to CIMB Trustee (acting solely in the capacity as a trustee for BPB) on the same day, pursuant to the terms of the SPA.

 

This announcement is dated 26 September 2017.





Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 26 Sep 2017
Category General Announcement for PLC
Reference Number GA1-26092017-00024
Boustead Plantations Berhad
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