OTHERS FAR EAST HOLDINGS BERHAD ("FEHB") FULFILMENT OF CONDITIONS PRECEDENT IN RELATION TO THE PROPOSED ACQUISITION OF 2,124.5 HECTARES (EQUIVALENT TO 5,249.7 ACRES) OIL PALM PLANTATION LAND INCLUSIVE OF A 40 MT FFB/HOUR RATED CAPACITY PALM OIL MILL ("Property") BY FEHB FROM HARN LEN CORPORATION BHD.
| FAR EAST HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | FAR EAST HOLDINGS BERHAD ("FEHB")
FULFILMENT OF CONDITIONS PRECEDENT IN RELATION TO THE PROPOSED ACQUISITION OF 2,124.5 HECTARES (EQUIVALENT TO 5,249.7 ACRES) OIL PALM PLANTATION LAND INCLUSIVE OF A 40 MT FFB/HOUR RATED CAPACITY PALM OIL MILL ("Property") BY FEHB FROM HARN LEN CORPORATION BHD. |
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We refer to our earlier announcement on 20 April 2020 on the extension of time up to 28 June 2020 for fulfilment of the Conditions Precedent of Clause 3.1 (b) and (c) of the Sale and Purchase Agreement (“SPA”) signed between FEHB and Harn Len Corporation Bhd (“HLCB”) dated 29 April 2019 to procure the approval of the Estate Land Board and consent to transfer in favour of FEHB for the Property.
We would like to announce that the Pahang Land Office has vide its letter to HLCB of 12 May 2020 together with the Certificate of Estate Land Board granted approval for the Property to be transferred in favour of FEHB. As such, all the Conditions Precedent as stated in the SPA have been fulfilled.
This announcement is dated 27 May 2020. |
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Announcement Info
| Company Name | FAR EAST HOLDINGS BERHAD |
| Stock Name | FAREAST |
| Date Announced | 27 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27052020-00096 |