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Proposed Acquisitions Of 100% Equity Interest In Lumiera Enterprise Sdn Bhd And 85% Equity Interest In Woodijaya Sdn Bhd For An Aggregate Purchase Consideration Of RM58,594,000 To Be Satisfied In Cash

BackJul 31, 2009

Type	Announcement
Subject	PROPOSED ACQUISITIONS OF 100% EQUITY INTEREST IN LUMIERA ENTERPRISE SDN BHD AND 85% EQUITY INTEREST IN WOODIJAYA SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM58,594,000 TO BE SATISFIED IN CASH
Contents	On behalf of the Board of Directors of Rimbunan Sawit Berhad (“RSB” or the “Company”), MIMB Investment Bank Berhad, a member of EON Bank Group, wishes to announce that the Company had on 31 July 2009 entered into 2 separate conditional sale and purchase agreements for shares in relation to the following proposed acquisitions:- (a) 200,000 ordinary shares of RM1.00 each in Lumiera Enterprise Sdn Bhd representing 100% of its issued and paid-up share capital from Teck Sing Lik Enterprise Sdn Bhd, Pertumbuhan Abadi Asia Sdn Bhd and Kendaie Oil Palm Plantation Sdn Bhd for a purchase consideration of RM31,018,000 to be satisfied in cash; and (b) 10,200 ordinary shares of RM1.00 each in Woodijaya Sdn Bhd representing 85% of its issued and paid-up share capital from Tumbuh Tiasa Enterprises Sdn Bhd for a purchase consideration of RM27,576,000 to be satisfied in cash. (hereinafter collectively known as the “Proposed Acquisitions”) Please refer to the attached announcement for details relating to the Proposed Acquisitions. This announcement is dated 31 July 2009.

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