TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JAVA BERHAD ("JAVA" OR "COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN JAVA PLANTATIONS SDN BHD TO FCB PLANTATION HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM5,197,118.37 SUBJECT TO ADJUSTMENTS ("PROPOSED DISPOSAL")
| JAVA BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | JAVA BERHAD ("JAVA" OR "COMPANY")
PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN JAVA PLANTATIONS SDN BHD TO FCB PLANTATION HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM5,197,118.37 SUBJECT TO ADJUSTMENTS ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Java, M&A Securities Sdn Bhd wishes to announce that Java had on 6 October 2017 entered into a sale and purchase agreement with FCB Plantation Holdings Sdn Bhd, a wholly-owned subsidiary of Fima Corporation Berhad for the proposed disposal by Java of 100% equity interest in Java Plantations Sdn Bhd comprising 1,000,000 ordinary shares for a total cash consideration of RM5,197,118.37. Further details on the Proposed Disposal are set out in the attachement below.
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Please refer attachment below.
Announcement Info
| Company Name | JAVA BERHAD |
| Stock Name | JAVA |
| Date Announced | 06 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06102017-00055 |