News
Proposed Acquisitions By The Company Of 85% Equity Interests In Baram Trading Sdn Bhd And Nescaya Palma Sdn Bhd For A Total Indicative Purchase Consideration Of RM50,667,000 To Be Satisfied In Cash ("Proposed Acquisitions")
BackOct 23, 2007
| Type | Announcement |
| Subject | RIMBUNAN SAWIT BERHAD ("RSB" OR THE "COMPANY") PROPOSED ACQUISITIONS BY THE COMPANY OF 85% EQUITY INTERESTS IN BARAM TRADING SDN BHD AND NESCAYA PALMA SDN BHD FOR A TOTAL INDICATIVE PURCHASE CONSIDERATION OF RM50,667,000 TO BE SATISFIED IN CASH ("PROPOSED ACQUISITIONS") |
Contents :
We refer to the earlier announcement dated 12 October 2007 in relation to the Proposed Acquisitions. On behalf of the Board of Directors of RSB, MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) is pleased to announce that an application in relation to the Proposed Acquisitions has been submitted to the Foreign Investment Committee for its approval on 23 October 2007.
This announcement is dated 23 October 2007.
Announcement Info
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 23 Oct 2007 |
| Category | General Announcement |
| Reference No | MM-071023-62935 |