TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CAB CAKARAN CORPORATION BERHAD ("CAB" OR THE "COMPANY") PROPOSED ACQUISITION OF ENTIRE EQUITY INTEREST IN CARGILL FEED SDN BHD ("CFSB") BY CAB CAKARAN SDN BHD, A WHOLLY OWNED SUBSIDIARY OF CAB, FOR AN INITIAL CONSIDERATION OF RM231,000,000 TO BE SATISFIED WHOLLY VIA CASH, SUBJECT TO ADJUSTMENTS ("PROPOSED ACQUISITION")
| CAB CAKARAN CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CAB CAKARAN CORPORATION BERHAD ("CAB" OR THE "COMPANY")
PROPOSED ACQUISITION OF ENTIRE EQUITY INTEREST IN CARGILL FEED SDN BHD ("CFSB") BY CAB CAKARAN SDN BHD, A WHOLLY OWNED SUBSIDIARY OF CAB, FOR AN INITIAL CONSIDERATION OF RM231,000,000 TO BE SATISFIED WHOLLY VIA CASH, SUBJECT TO ADJUSTMENTS ("PROPOSED ACQUISITION") |
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On behalf of the Board of Directors of CAB ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that CAB Cakaran Sdn Bhd ("CABC" or the "Purchaser"), a wholly owned subsidiary of CAB, had on 31 July 2025 entered into a conditional share purchase agreement ("SPA") with Cargill Holdings (Malaysia) Sdn Bhd ("CHMSB" or the "Vendor") to acquire 9,185,000 ordinary shares in CFSB ("CFSB Share(s)" or "Sale Share(s)"), representing 100% equity interest in CFSB, from CHMSB for an initial consideration of RM231,000,000 ("Initial Consideration") to be satisfied wholly via cash, subject to the adjustments. Further details of the Proposed Acquisition are set out in the attachment enclosed.
This announcement is dated 31 July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | CAB CAKARAN CORPORATION BERHAD |
| Stock Name | CAB |
| Date Announced | 31 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31072025-00020 |