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Proposed Acquisitions By The Company Of 85% Equity Interests Each In Baram Trading Sdn Bhd And Nescaya Palma Sdn Bhd For A Total Indicative Purchase Consideration Of RM50,667,000 To Be Satisfied In Cash ("Proposed Acquisitions")

BackNov 27, 2007
Type Announcement
Subject RIMBUNAN SAWIT BERHAD (“RSB” OR THE "COMPANY")

PROPOSED ACQUISITIONS BY THE COMPANY OF 85% EQUITY INTERESTS EACH IN BARAM TRADING SDN BHD AND NESCAYA PALMA SDN BHD FOR A TOTAL INDICATIVE PURCHASE CONSIDERATION OF RM50,667,000 TO BE SATISFIED IN CASH (“PROPOSED ACQUISITIONS”)

Contents :

We refer to the earlier announcements dated 12 October 2007 and 23 October 2007 in relation to the Proposed Acquisitions. On behalf of the Board of Directors of RSB, MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) is pleased to announce that the Company had, on 26 November 2007, received a letter from the Foreign Investment Committee dated 23 November 2007, wherein the FIC had stated that it has no objection to the Proposed Acquisitions.


The Proposed Acquisitions are now pending the approval of the shareholders of RSB at an extraordinary general meeting to be convened at a later date.

This announcement is dated 27 November 2007.

 

Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 27 Nov 2007  
Category General Announcement
Reference No MM-071127-64914

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