TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF ONE (1) PARCELS OF LAND REGISTERED AS LOT.2, BLOCK 11, TERAJA LAND DISTRICT AN OIL PALM PLANTATION ESTATE ERECTED THEREON AND ALL INFRASTRUCTURE THERETO BY LUMIERA ENTERPRISE SDN. BHD. TO BIOGREEN SUCCESS SDN. BHD. (PROPOSED DISPOSAL)
| RIMBUNAN SAWIT BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED DISPOSAL OF ONE (1) PARCELS OF LAND REGISTERED AS LOT.2, BLOCK 11, TERAJA LAND DISTRICT AN OIL PALM PLANTATION ESTATE ERECTED THEREON AND ALL INFRASTRUCTURE THERETO BY LUMIERA ENTERPRISE SDN. BHD. TO BIOGREEN SUCCESS SDN. BHD. (PROPOSED DISPOSAL) |
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Rimbunan Sawit Berhad (“RSB”) wishes to announce that its wholly-owned subsidiary namely Lumiera Enterprise Sdn. Bhd. had on 22 January 2020 entered into a Sale and Purchase Agreement with Biogreen Success Sdn. Bhd. to dispose all that parcel of land situated at Along Batang Baram, Baram together with the oil palm plantation, its facilities. infrastructures, improvements, immovable assets but excluding the movable assets thereon for a total cash consideration of Ringgit Malaysia Eighty-Five Million (RM85,000,000) (“Proposed Disposal”). Further details of the Proposal Disposal is outlined in the file as attached. This announcement is dated 22 January 2020. . |
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Please refer attachment below.
Announcement Info
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 22 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20012020-00027 |