| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | RIMBUNAN SAWIT BERHAD ("RSB") (I) PROPOSED DISPOSAL OF A PARCEL OF AGRICULTURAL LAND ("SELANGOR ESTATE") BY R. H. PLANTATION SDN BHD ("RHPSB") TO MAHAWANGSA SUNGAI BOK PLANTATION SDN BHD ("MSBPSB") FOR A DISPOSAL CONSIDERATION OF RM90.00 MILLION; AND (II) PROPOSED DISPOSAL OF 4 PARCELS OF AGRICULTURAL LAND ("JAYAMAX ESTATE") BY JAYAMAX PLANTATION SDN BHD ("JPSB") TO MSBPSB FOR A DISPOSAL CONSIDERATION OF RM75.00 MILLION (COLLECTIVELY REFERRED TO AS THE "PROPOSED DISPOSALS") |
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On behalf of the Board of Directors of RSB, RHB Investment Bank Berhad wishes to announce that the wholly-owned subsidiaries of RSB, namely RHPSB and JPSB, had on 21 December 2023 entered into the following agreements:
(i) a conditional sale and purchase agreement entered into by RHPSB to dispose the Selangor Estate to MSBPSB for a disposal consideration of RM90.00 million to be satisfied entirely in cash; and
(ii) a conditional sale and purchase agreement entered into by JPSB to dispose the Jayamax Estate to MSBPSB for a disposal consideration of RM75.00 million to be satisfied entirely in cash.
Further details of the Proposed Disposals are set out in the attachment below.
This announcement is dated 21 December 2023.
Please refer attachment below. |
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| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 21 Dec 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21122023-00025 |
Attachments