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Proposed Acquisitions & Proposed M&A Amendments

BackDec 30, 2009
Type Announcement
Subject RIMBUNAN SAWIT BERHAD ("RSB" or the "Company")
PROPOSED ACQUISITIONS & PROPOSED M&A AMENDMENTS
Contents On behalf of the Board of Directors of RSB, MIMB Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following proposals:-

(a) Proposed acquisitions of equity interests in nine (9) plantation companies and the commercial rights of a plantation estate for an aggregate purchase consideration of RM286.10 million to be wholly satisfied through the issuance of 28.33 million ordinary shares of RM0.50 each in RSB ("Share")and 191.75 million new Irredeemable Convertible Preference Shares of RM0.50 each in RSB ("ICPS")at an issue price of RM1.30 per Share/ICPS; and

(b) Proposed amendments to the Memorandum and Articles of Associations of RSB to facilitate the issuance of the ICPS.

Kindly refer to the attachment for further details on the above-mentioned proposals.

 


Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 30 Dec 2009  
Category General Announcement
Reference No MM-091230-62986

Attachments

  1. RSAWIT_301209A.pdf (Size: 214,331 bytes)