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Bursa Announcements

Date : 25 October 2012

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD (“THP” OR THE “COMPANY”) PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD FOR AN INDICATIVE TOTAL CASH CONSIDERATION OF RM254,585,000

TH PLANTATIONS BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTH PLANTATIONS BERHAD (“THP” OR THE “COMPANY”)

PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD FOR AN INDICATIVE TOTAL CASH CONSIDERATION OF RM254,585,000

On behalf of the Board of Directors of THP, RHB Investment Bank Berhad wishes to announce that the Company has, on 25 October 2012, entered into the following:-

(a)    a conditional share sale agreement with Weida (M) Bhd, Enerstar Sdn Bhd, Liew Tien How  and Bong Sen Kui for the acquisition of the entire equity interest in Bumi Suria Ventures Sdn Bhd for an indicative total cash consideration of RM212,504,000; and

(b)    a conditional share sale agreement with Weida (M) Bhd for the acquisition of the entire equity interest in Maju Warisanmas Sdn Bhd for an indicative cash consideration of RM42,081,000.

(Collectively the "Proposed Acquisitions")

Further details of the Proposed Acquisitions are set out in the attachment.

This Announcement is dated 25 October 2012.

Attachments

Announcement.pdf
277 KB



Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoMI-121025-54234
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