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

BackMay 16, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY")

ACQUISITION OF PLANTATION ASSETS MEASURING A TOTAL OF 11,579.31 HECTARES IN THE DISTRICTS OF LABUK AND SUGUT, SABAH FOR A TOTAL CASH CONSIDERATION OF RM750 MILLION ("ACQUISITION")

Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the circular to shareholders of BPB dated 28 March 2018 in relation to the Acquisition (“Circular”).

We refer to the announcements dated 22 August 2017 and 30 October 2017 in relation to the Acquisition and the Circular.

On behalf of the Board, Affin Hwang IB wishes to announce that the Acquisition was completed on 16 May 2018 following the full payment of the Balance Purchase Price by BRNSB to the Vendor on the same day, pursuant to the terms of the SPA.

 

This announcement is dated 16 May 2018.

 




Announcement Info

Company Name BOUSTEAD PLANTATIONS BERHAD
Stock Name BPLANT
Date Announced 16 May 2018
Category General Announcement for PLC
Reference Number GA1-16052018-00015
Boustead Plantations Berhad
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