KUB

0.625

-0.005 (-0.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KUB MALAYSIA BERHAD ("KUB"), OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD ("BPSB") FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("DISPOSAL")

KUB MALAYSIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KUB MALAYSIA BERHAD ("KUB"), OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD ("BPSB") FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("DISPOSAL")

Reference is made to the announcement dated 4 March 2021 in relation to the Disposal.

 

On behalf of KUB, CIMB Investment Bank Berhad wishes to announce that the Disposal has been completed today following the receipt of the Balance Disposal Consideration from BPSB on 2 April 2021.

 

 

This announcement is dated 2 April 2021.






Announcement Info

Company Name KUB MALAYSIA BERHAD
Stock Name KUB
Date Announced 02 Apr 2021
Category General Announcement for PLC
Reference Number GA1-02042021-00044