TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KUB MALAYSIA BERHAD (KUB OR THE COMPANY) PROPOSED DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KUB, OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("PROPOSED DISPOSAL")
| KUB MALAYSIA BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KUB MALAYSIA BERHAD (KUB OR THE COMPANY)
PROPOSED DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KUB, OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("PROPOSED DISPOSAL") |
|
On behalf of KUB, CIMB Investment Bank Berhad wishes to announce that KUB Agro Holdings Sdn Bhd, a wholly-owned subsidiary of KUB Ekuiti Sdn Bhd, which in turn is a wholly-owned subsidiary of KUB, has on 10 June 2020 entered into a conditional Sale and Purchase Agreement with Beradin Plantation Sdn Bhd for the disposal of two oil palm estates known as Kahang Estate and Sungai Yong Estate measuring in aggregate 2,656.1649 hectares for a total cash consideration of RM158,000,000.
Please refer to the attachment for the full announcement in relation to the Proposed Disposal.
This announcement is dated 10 June 2020. |
|
Please refer attachment below.
Announcement Info
| Company Name | KUB MALAYSIA BERHAD |
| Stock Name | KUB |
| Date Announced | 10 Jun 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09062020-00154 |