OTHERS PROPOSED ACQUISITION OF 95% FULLY PAID-UP SHARES OF RP 1,000,000 EACH IN PT SETARA KILAU MAS ADICITA ("PT SKMA") AT A PURCHASE CONSIDERATION OF RP 24,433,165,000 BY THE WHOLLY-OWNED SUBSIDIARY OF GOLDEN LAND BERHAD ("GLBHD"), SHINNY YIELD HOLDINGS LIMITED ("SYHL")
GOLDEN LAND BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | PROPOSED ACQUISITION OF 95% FULLY PAID-UP SHARES OF RP 1,000,000 EACH IN PT SETARA KILAU MAS ADICITA ("PT SKMA") AT A PURCHASE CONSIDERATION OF RP 24,433,165,000 BY THE WHOLLY-OWNED SUBSIDIARY OF GOLDEN LAND BERHAD ("GLBHD"), SHINNY YIELD HOLDINGS LIMITED ("SYHL") |
Reference is made to the announcement dated 17 November 2014. The Board of Directors of GLBHD wishes to announce that all the terms and conditions under the Conditional Shares Sale and Purchase Agreement have been completed, and SYHL has novated the proposed acquisition of PT SKMA to PT Golden Land Gemilang (“PT GLG”), a wholly-owned subsidiary of GLBHD. PT GLG has on 2 October 2020 acquired 9,500 shares in PT SKMA representing 95% of its total issued shares and the transfer was approved by the Ministry of Law and Human Rights of Indonesia on 12 October 2020. Upon completion of the abovementioned acquisition, PT SKMA is now a 95%-owned subsidiary of GLBHD. This announcement is dated 12 October 2020. |
Announcement Info
Company Name | GOLDEN LAND BERHAD |
Stock Name | GLBHD |
Date Announced | 12 Oct 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-06102020-00023 |