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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”)

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

RSAWIT_121007.pdf (Size: 185,051 bytes)

News

Contents :

Announcement Info