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Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackSep 24, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

RIMBUNAN SAWIT BERHAD ("RSB" OR "COMPANY")

(I) PROPOSED DISPOSAL;

(II) PROPOSED LUNDU ACQUISITION; AND

(III) PROPOSED SHSB ACQUISITION

(COLLECTIVELY REFERRED TO AS "PROPOSALS").

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s circular dated 10 July 2017 in relation to the Proposals)

On behalf of the Board of RSB, Maybank IB wishes to announce that the Company and TMSB have mutually agreed to extend the Completion Period of the Simunjan Agreement by 30 days commencing from 26 September 2018 and expiring on 25 October 2018 (both dates inclusive) for TMSB to settle the balance of the Disposal Consideration.

The letters of extension are available for inspection at the registered office of the Company at North Wing, Menara Rimbunan Hijau, 101, Pusat Suria Permata, Jalan Upper Lanang, 96000, Sibu, Sarawak during normal business office hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this Announcement.

This Announcement is dated 24 September 2018.

Announcement Info

Company Name RIMBUNAN SAWIT BERHAD
Stock Name RSAWIT
Date Announced 24 Sep 2018
Category General Announcement for PLC
Reference Number GA1-24092018-00080

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