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Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackMar 28, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

RIMBUNAN SAWIT BERHAD ("RSB" OR "COMPANY") (I) PROPOSED DISPOSAL; (II) PROPOSED LUNDU ACQUISITION; AND (III) PROPOSED SHSB ACQUISITION (COLLECTIVELY TO BE REFERRED TO AS "PROPOSALS").

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 22 February 2017)

On behalf of the Board of RSB, Maybank IB wishes to announce that RSB Lundu has entered into a supplemental agreement with R H Lundu (“Supplemental Lundu Acquisition SPA”) for purposes of including four (4) motor vehicles (“Motor Vehicles”) as part of the Plantation Assets today. The Motor Vehicles are currently owned and used by R H Lundu for the operations of the Lundu Oil Mill. For avoidance of doubt, there is no change to the Purchase Consideration of Lundu.

The Supplemental Lundu Acquisition SPA is available for inspection at the registered office of RSB at North Wing, Menara Rimbunan Hijau, 101, Pusat Suria Permata, Jalan Upper Lanang, 96000, Sibu, Sarawak during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this Announcement.

This Announcement is dated 28 March 2017. 

 


Announcement Info

Company Name RIMBUNAN SAWIT BERHAD
Stock Name RSAWIT
Date Announced 28 Mar 2017
Category General Announcement for PLC
Reference Number GA1-28032017-00064