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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF THREE PARCELS OF FREEHOLD LAND WITH A TOTAL NET LAND AREA MEASURING APPROXIMATELY 948.826 ACRES LOCATED IN MUKIM KAPAR, DISTRICT OF KLANG, SELANGOR (KAPAR LAND) TO SIME DARBY PROPERTY (BUKIT TUNKU) SDN BHD (SDPBT), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY PROPERTY BERHAD (SD PROPERTY) (PROPOSED DISPOSAL)

SIME DARBY PLANTATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF THREE PARCELS OF FREEHOLD LAND WITH A TOTAL NET LAND AREA MEASURING APPROXIMATELY 948.826 ACRES LOCATED IN MUKIM KAPAR, DISTRICT OF KLANG, SELANGOR (KAPAR LAND) TO SIME DARBY PROPERTY (BUKIT TUNKU) SDN BHD (SDPBT), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY PROPERTY BERHAD (SD PROPERTY) (PROPOSED DISPOSAL)

We refer to the announcement dated 30 August 2022.

 

Sime Darby Plantation Berhad (Sime Darby Plantation) wishes to announce that the Company has, on 1 December 2022, entered into a Sale and Purchase Agreement (SPA) with SDPBT, a wholly-owned subsidiary of SD Property, for the Proposed Disposal of Kapar Land owned by Sime Darby Plantation to SDPBT for a cash consideration of RM618,000,000.00 subject to the terms and conditions of the SPA. 

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 1 December 2022.




Please refer attachment below.

Attachments

Execution of SPA.pdf
1.1 MB



Announcement Info

Company Name SIME DARBY PLANTATION BERHAD
Stock Name SIMEPLT
Date Announced 01 Dec 2022
Category General Announcement for PLC
Reference Number GA1-30112022-00140




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