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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED 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 FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("PROPOSED DISPOSAL")

KUB MALAYSIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED 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 FOR A TOTAL CASH CONSIDERATION OF RM158.0 MILLION ("PROPOSED DISPOSAL")

Reference is made to the announcements dated 10 June 2020, 2 September 2020, 24 September 2020, 10 December 2020 and 8 January 2021 in relation to the Proposed Disposal.

 

On behalf of KUB, CIMB Investment Bank Berhad wishes to announce that the SPA has become unconditional following the fulfilment of all conditions precedent of the SPA as set out in Section 1.4 of Appendix II of the Circular.

 

This announcement is dated 4 March 2021.






Announcement Info

Company Name KUB MALAYSIA BERHAD
Stock Name KUB
Date Announced 04 Mar 2021
Category General Announcement for PLC
Reference Number GA1-04032021-00100




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