TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN THP GEMAS SDN. BHD. BY TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY")
| TH PLANTATIONS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN THP GEMAS SDN. BHD. BY TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY") |
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The Board of Directors of THP is pleased to announce that the Company had, on 25 November 2016 entered into a Share Purchase Agreement (“SPA”) with Dupont & Leosk Enterprises Sdn. Bhd. (Company No.: 128866-P)(“the Purchaser” or “Dupont & Leosk”) to dispose 25,000,000 ordinary shares of RM1.00 each held by THP in THP Gemas Sdn. Bhd. (Company No. 178811-V)(“Gemas”) (“THP Shares”) representing THP’s 100% equity interest in Gemas for a total cash consideration of RM152,000,000.00 (Ringgit Malaysia: One Hundred Fifty Two Million Only) (“Purchase Consideration”) (“Proposed Disposal”). Full detail of the announcement is attached. |
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Please refer attachment below.
Announcement Info
| Company Name | TH PLANTATIONS BERHAD |
| Stock Name | THPLANT |
| Date Announced | 25 Nov 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25112016-00060 |