News
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
BackMay 20, 2024
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | RIMBUNAN SAWIT BERHAD ("RSB") (I) 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) 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 "DISPOSALS") |
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We refer to the Company’s announcement dated 21 December 2023, 21 February 2024, 21 March 2024 and 8 April 2024 as well as the circular to shareholders dated 22 March 2024 ("Circular") in relation to the Disposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and the Circular. On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent of the CSPAs have been fulfilled, or where applicable, deemed fulfilled. Pursuant thereto, the CSPAs have become unconditional on 20 May 2024. This announcement is dated 20 May 2024. |
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Announcement Info
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 20 May 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052024-00011 |