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Date : 12 November 2012

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD (“THP” OR THE “COMPANY”) (I) PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTEREST IN TH LADANG (SABAH & SARAWAK) SDN BHD AND 70% EQUITY INTEREST IN TH BAKTI SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM535,640,000 (“PROPOSED ACQUISITIONS”); (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF THP FROM THE EXISTING RM350,000,000 COMPRISING 700,000,000 ORDINARY SHARES OF RM0.50 EACH IN THP (“THP SHARES”) TO RM500,000,000 COMPRISING 1,000,000,000 THP SHARES (“PROPOSED IASC”); AND (III) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THP (“PROPOSED AMENDMENT”) (THE PROPOSED ACQUISITIONS, PROPOSED IASC AND PROPOSED AMENDMENT ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

TH PLANTATIONS BERHAD

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

(I) PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTEREST IN TH LADANG (SABAH & SARAWAK) SDN BHD AND 70% EQUITY INTEREST IN TH BAKTI SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM535,640,000 (“PROPOSED ACQUISITIONS”);

(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF THP FROM THE EXISTING RM350,000,000 COMPRISING 700,000,000 ORDINARY SHARES OF RM0.50 EACH IN THP (“THP SHARES”) TO RM500,000,000 COMPRISING 1,000,000,000 THP SHARES (“PROPOSED IASC”); AND

(III) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THP (“PROPOSED AMENDMENT”)

(THE PROPOSED ACQUISITIONS, PROPOSED IASC AND PROPOSED AMENDMENT ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcements dated 24 July 2012, 2 August 2012, 3 September 2012, 15 October 2012, 17 October 2012 and 18 October 2012 on the Proposals.

On behalf of the Board of Directors of THP, RHB Investment Bank Berhad wishes to announce that the Pejabat Hasil Bumi, Jabatan Ketua Menteri Sabah (“Pejabat Hasil Bumi”) had, vide its letter dated 12 November 2012 received via facsimile, informed that Pejabat Hasil Bumi has no objection with the proposal of Lembaga Tabung Haji (“TH”) to appoint TH-Bonggaya Sdn Bhd as the developer for Ladang Klagan, subject to the terms and conditions stated in the Sustainable Forest Management Licence Agreement No. 11/97 dated 2 September 1998.

TH will seek further clarifications from Pejabat Hasil Bumi on the above and further announcement will be made in due course.


This announcement is dated 12 November 2012.



Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced12 Nov 2012  
CategoryGeneral Announcement
Reference NoMI-121112-72643
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