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FAREAST

2.690

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF 2,134 HECTARES (EQUIVALENT TO 5,274 ACRES) OIL PALM PLANTATION LAND INCLUSIVE OF A 40 MT FFB/HOUR RATED CAPACITY PALM OIL MILL BY FEHB FROM HARN LEN CORPORATION BHD. ("Proposed Acquisition")

FAR EAST HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF 2,134 HECTARES (EQUIVALENT TO 5,274 ACRES) OIL PALM PLANTATION LAND INCLUSIVE OF A 40 MT FFB/HOUR RATED CAPACITY PALM OIL MILL BY FEHB FROM HARN LEN CORPORATION BHD. ("Proposed Acquisition")

We refer to our announcement dated 29 April 2019 regarding the above Proposed Acquisition.

The valuation was also carried out by a certified valuer i.e. Messrs Azmi & Co (Pahang) Sdn. Bhd. (1018134-A) on 18 April 2019. The market value of the Proposed Acquisition is RM180 million of which the value is based on the Comparison Method.

This announcement is dated 30 April 2019.






Announcement Info

Company Name FAR EAST HOLDINGS BERHAD
Stock Name FAREAST
Date Announced 30 Apr 2019
Category General Announcement for PLC
Reference Number GA1-30042019-00145