Investor Relations
Bursa Announcements
Bursa Announcements
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
BOUSTEAD PLANTATIONS BERHAD ('BPB' OR 'COMPANY') PROPOSED ACQUISITION OF OIL PALM PLANTATION LANDS MEASURING A TOTAL OF 12,144.99 ACRES (4,915.25 HECTARES) TOGETHER WITH A PALM OIL MILL IN SABAH FOR A TOTAL CASH CONSIDERATION OF RM397.0 MILLION |
The terms used herein shall have the same meaning as those defined in the announcement dated 1 August 2018, unless otherwise stated.
We refer to the announcements dated 1 August 2018 and 31 January 2019 in relation to the Proposed Acquisition.
On behalf of the Board, Affin Hwang IB wishes to announce that BRNSB had on 25 March 2019 entered into the following:
(i) a supplemental agreement with the Vendors to vary and amend certain arrangements, terms and conditions of the SPA; and
(ii) a sale and purchase agreement with Lubah for the proposed acquisition of an oil palm plantation land held under CL 085325408, Labuk Road Telupid, District of Labuk and Sugut, Sabah and all the buildings erected thereon as well as movable assets, machineries and vehicles for a cash consideration of RM38.21 million.
Please refer to the attachment for further details on the above.
This announcement is dated 25 March 2019.
Please refer attachment below.
Announcement Info
| Company Name | BOUSTEAD PLANTATIONS BERHAD |
| Stock Name | BPLANT |
| Date Announced | 25 Mar 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25032019-00085 |
Attachments
- BPB_Announcement_-_Supplemental_SPA_and_Lubah_SPA_(25.3.2019)(1).pdf (Size: 164,547 bytes)