Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ACCEPTANCE OF A NON-BINDING OFFER MADE BY IOI CORPORATION BERHAD TO ACQUIRE NPC RESOURCES BERHAD'S ("NPC") PROPERTIES AND KOPERASI LAND

NPC RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ACCEPTANCE OF A NON-BINDING OFFER MADE BY IOI CORPORATION BERHAD TO ACQUIRE NPC RESOURCES BERHAD'S ("NPC") PROPERTIES AND KOPERASI LAND

The Board of Directors of NPC wishes to announce that on 5 July 2021, NPC has accepted a non-binding offer made by IOI Corporation Berhad ("Purchaser") to acquire:

(a) legal and/or beneficial interest in palm oil agriculture lands ("Properties") measuring in total 3,746.44 planted hectares situated respectively in:

      (i) the district of Labuk & Sugut, State of Sabah;

      (ii) the district of Kinabatangan, State of Sabah; and

     (iii) the district of Beluran, State of Sabah

which are held by the respective subsidiaries of NPC, at a total indicative cash consideration of RM226,584,140; and

(b) a parcel of land measuring 881.35 planted hectares situated in the district of Labuk & Sugut, State of Sabah ("Koperasi Land"), in which Berkat Setia Sdn Bhd ("Berkat"), a subsidiary of NPC, hold development rights pursuant to an Agreement for Develpment of Land dated 7 May 1999 between Berkat and Koperasi Kakitangan Perkhidmatan Pelajaran Sabah Berhad ("Koperasi") at a total indicative cash consideration of RM54,643,700 to be shared between Koperasi and Berkat.

Please refer to the attachment for further details.

This announcement is dated 5 July 2021




Please refer attachment below.



Announcement Info

Company Name NPC RESOURCES BERHAD
Stock Name NPC
Date Announced 05 Jul 2021
Category General Announcement for PLC
Reference Number GA1-05072021-00048




Close