Circular to Shareholders in Relation to the Part A - Proposed Acquisition By Boustead Rimba Nilai Sdn Bhd, A Wholly-Owned Subsidiary of Boustead Plantations Berhad ("BPB"), of country lease plantation lands held Under 42 land Titles Measuring a total of 11,579.31 Hectares in the District of Labuk and Sugut, Sandakan, Sabah, Inclusive of All Assets Located on the Plantation Lands From Pertama Land & Development Sdn Bhd for A Total Cash Consideration of RM750 Million Part B - Proposed Bonus Issue of 640,000,000 new Ordinary shares In BPB ("BPB Shares") on The Basis of 2 New BPB shares For Every 5 Existing BPB Shares Held On An Entitlement Date To Be Determined Later And Notice Of Extraordinary General Meeting

BackMar 28, 2018
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PART A - PROPOSED ACQUISITION BY BOUSTEAD RIMBA NILAI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BOUSTEAD PLANTATIONS BERHAD ("BPB"), OF COUNTRY LEASE PLANTATION LANDS HELD UNDER 42 LAND TITLES MEASURING A TOTAL OF 11,579.31 HECTARES IN THE DISTRICT OF LABUK AND SUGUT, SANDAKAN, SABAH, INCLUSIVE OF ALL ASSETS LOCATED ON THE PLANTATION LANDS FROM PERTAMA LAND & DEVELOPMENT SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM750 MILLION PART B - PROPOSED BONUS ISSUE OF 640,000,000 NEW ORDINARY SHARES IN BPB ("BPB SHARES") ON THE BASIS OF 2 NEW BPB SHARES FOR EVERY 5 EXISTING BPB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER AND NOTICE OF EXTRAORDINARY GENERAL MEETING



Please refer attachment below.

 


Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 28 Mar 2018
Category Document Submission
Reference Number DCS-28032018-00005

Attachments

  1. BPB_Circular_-_Proposed_Acquisition_Proposed_Bonus_Issue_(28.3.18).pdf (Size: 2,901,142 bytes)
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