CORPORATE INFORMATION
FINANCIAL INFORMATION
INVEST IN US
NEWS & EVENTS
 

Bursa Announcements

Date : 25 November 2016

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")

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.




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


Back

 
 
FINANCIAL INFORMATION
Quarterly Results
Annual Reports
Financial Highlights
Financial Statements
Factsheet Ratios
Quarterly Highlights
INVEST IN US
Interactive Stock Chart
Analyst Coverage
Investment Calculator
Glossary
IR Contact
Email Alerts
NEWS & EVENTS
Bursa Announcements
THP in the Media
Media Releases
JOIN US
CONTACT US
Copyright © 2019 TH Plantations Berhad (12696-M) | All rights reserved | Disclaimer
DESIGNED BY :