| 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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We refer to the Company's announcement dated 21 December 2023 in relation to the Proposed Disposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcement. On behalf of the Board, RHB Investment Bank wishes to announce that the wholly-owned subsidiaries of RSB, namely RHPSB and JPSB, had on 21 February 2024 entered into the following agreements: (i) a supplementary agreement to the CSPA 1 entered into by RHPSB and MSBPSB to vary the mode of settlement of the balance Disposal Consideration 1 ("Supplementary Agreement 1"); and (ii) a supplementary agreement to the CSPA 2 entered into by JPSB and MSBPSB to vary the mode of settlement of the balance Disposal Consideration 2 ("Supplementary Agreement 2"). Further details of the Supplementary Agreement 1 and the Supplementary Agreement 2 are set out in the attachment below.
This announcement is dated 21 February 2024. |
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Please refer attachment below.
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 21 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21022024-00052 |
Attachments