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Bursa Announcements

Date : 09 March 2015

OTHERS ACQUISITION OF 100% EQUITY INTEREST IN PINEKEY ENTERPRISE SDN. BHD.

TH PLANTATIONS BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF 100% EQUITY INTEREST IN PINEKEY ENTERPRISE SDN. BHD.
TH Plantations Berhad (“THP” or “the Company”) wishes to announce that the Company had on 9 March 2015 acquired from its wholly-owned subsidiary, TH Ladang (Sabah & Sarawak) Sdn. Bhd. (“THLSS”) two (2) ordinary shares of RM1.00 each, representing the entire issued and paid-up share capital of Pinekey Enterprise Sdn. Bhd. (“Pinekey”), for a total cash consideration of RM2.00 (Ringgit Malaysia Two Only).
Pursuant to the Acquisition, Pinekey will become a Special Purpose Vehicle to issue Sukuk Murabahah under the Sukuk Murabahah Programme and/or to raise funds for or in connection with THP and THP’s group of companies.

The Acquisition will not have a material effect on the earnings or net assets of the THP Group for the financial year ending 31 December 2015.

None of the directors or substantial shareholders of THP or persons connected to them has any interest, direct or indirect, in the said Acquisition.

With the Acquisition, Pinekey will cease as a wholly-owned subsidiary of THLSS and will become a wholly-owned direct subsidiary of THP.

This announcement is dated 9 March 2015.


Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced9 Mar 2015  
CategoryGeneral Announcement
Reference NoTP-150309-65182
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