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

BackAug 21, 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 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 the following:

(i) the Company and TMSB had on 19 August 2017 extended the period to fulfill the conditions precedent set out in the Simunjan Agreement, by way of an exchange of letter dated 19 August 2017, for a further 6 months from 22 August 2017 until 21 February 2018; and

(ii) the Company and SHSB Vendors had on 19 August 2017 extended the period to fulfill the conditions precedent set out in the SSA, by way of an exchange of letter dated 19 August 2017, for a further 6 months from 22 August 2017 until 21 February 2018

(collectively referred to as “Extension Letters”).

The Extension Letters are available for inspection at the registered office of the Company at North Wing, Menara Rimbunan Hijau, 101, Pusat Suria Permata, Jalan Upper Lanang, 96000, Sibu, Sarawak during normal business office hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this Announcement.

This Announcement is dated 21 August 2017. 

 


Announcement Info

Company Name RIMBUNAN SAWIT BERHAD
Stock Name RSAWIT
Date Announced 21 Aug 2017
Category General Announcement for PLC
Reference Number GA1-21082017-00082

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