Investor Relations
Bursa Announcements
Bursa Announcements
Notice Of Interest Sub. S-hldr (Section 137 Of CA 2016) - Grateful Blessings Foundation
BackAug 28, 2023
Particulars of Substantial Securities Holder
| Name | GRATEFUL BLESSINGS FOUNDATION |
| Address | Whiteley Chambers, Don Streets Jersey JE 4TR St. Helier Jersey. |
| Company No. | 428 |
| Nationality/Country of incorporation | Jersey |
| Descriptions (Class) | Ordinary shares. |
| Name of registered holder | Kuala Lumpur Kepong Berhad |
| Address of registered holder | Wisma Taiko, No. 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak Darul Ridzuan |
Date interest acquired & no of securities acquired |
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| Date interest acquired | 24 Aug 2023 |
| No of securities | 739,199,966 |
| Circumstances by reason of which Securities Holder has interest | On 24 August 2023, Kuala Lumpur Kepong Berhad (KLK) has entered into a strategic collaboration agreement with Boustead Holdings Berhad (BHB) and Lembaga Tabung Angkatan Tentera (LTAT) for the purchase by KLK and the sale by BHB and LTAT of a total of 739,199,966 ordinary shares in Boustead Plantations Berhad (BPlant), representing 33% and 1 share of the total issued shares of BPlant (Sale Shares). The completion of the sale and purchase of the Sale Shares is conditional upon the condition precedent being fulfilled, waived or completed, i.e. the approval of the shareholders of BHB for the disposal of the Sale Shares at an extraordinary general meeting to be convened by BHB. By virtue of Section 8(6)(a) of the Companies Act 2016, KLK is deemed interested in the Sale Shares. Additional disclosure is in the "Remarks" section. |
| Nature of interest | Deemed Interest |
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Total no of securities after change |
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| Indirect/deemed interest (units) | |
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| Date of notice | 28 Aug 2023 |
| Date notice received by Listed Issuer | 28 Aug 2023 |
| Remarks : |
| Accordingly, Grateful Blessings Foundation (GBF) is deemed interest in the Sale Shares via its wholly owned subsidiary corporation, Grateful Blessings Inc., which in turn is the holding corporation of Di-Yi Sdn Bhd (DY) and DY is a substantial shareholder of Wan Hin Investments Sdn. Berhad which in turn is a substantial shareholder of Batu Kawan Berhad which in turn is a substantial shareholder of KLK. |
Announcement Info
| Company Name | BOUSTEAD PLANTATIONS BERHAD |
| Stock Name | BPLANT |
| Date Announced | 28 Aug 2023 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Section 137 of CA 2016 |
| Reference Number | CS1-28082023-00009 |