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Proposed Acquisitions By The Company Of The Following:-· 85% Of Equity Interest In Baram Trading Sdn Bhd ("BTSB") Comprising 4,250,000 Ordinary Shares Of RM1.00 Each For An Indicative Purchase Consideration Of RM18,417,000 To Be Satisfied In Cash; And· 85% Of Equity Interest In Nescaya Palma Sdn Bhd ("NPSB") Comprising 2,125,000 Ordinary Shares Of RM1.00 Each For An Indicative Purchase Consideration Of RM32,250,000 To Be Satisfied In Cash(Collectively Known As "Proposed Acquisitions")

BackOct 12, 2007
Type Announcement
Subject RIMBUNAN SAWIT BERHAD (“RSB” OR THE "COMPANY")

PROPOSED ACQUISITIONS BY THE COMPANY OF THE FOLLOWING:-

· 85% OF EQUITY INTEREST IN BARAM TRADING SDN BHD (“BTSB”) COMPRISING 4,250,000 ORDINARY SHARES OF RM1.00 EACH FOR AN INDICATIVE PURCHASE CONSIDERATION OF RM18,417,000 TO BE SATISFIED IN CASH; AND

· 85% OF EQUITY INTEREST IN NESCAYA PALMA SDN BHD (“NPSB”) COMPRISING 2,125,000 ORDINARY SHARES OF RM1.00 EACH FOR AN INDICATIVE PURCHASE CONSIDERATION OF RM32,250,000 TO BE SATISFIED IN CASH

(COLLECTIVELY KNOWN AS “PROPOSED ACQUISITIONS”)

Contents :

On behalf of the Board of Directors of RSB (“Board”), MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) (“MIMB”) wishes to announce that the Company had on 12 October 2007 entered into 2 separate conditional sale and purchase agreements for shares (“SPA”) in relation to the Proposed Acquisitions.

Please refer to the attached file which contains the relevant information relating to the Proposed Acquisitions.

This announcement is dated 12 October 2007.

 

Announcement Info

Company Name RIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT    
Date Announced 12 Oct 2007  
Category General Announcement
Reference No MM-071012-64156

Attachments

  1. RSAWIT_121007.pdf (Size: 185,051 bytes)