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") |
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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. |
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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 |