TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY FCB PLANTATION HOLDINGS SDN BHD OF 100% OF TOTAL ISSUED AND PAID-UP CAPITAL OF JAVA PLANTATIONS SDN BHD FROM JAVA BERHAD

FIMA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY FCB PLANTATION HOLDINGS SDN BHD OF 100% OF TOTAL ISSUED AND PAID-UP CAPITAL OF JAVA PLANTATIONS SDN BHD FROM JAVA BERHAD

The Board of Directors of Fima Corporation Berhad (“FimaCorp”) is pleased to announce that FCB Plantation Holdings Sdn Bhd, FimaCorp’s wholly-owned subsidiary had entered into a conditional Sale and Purchase Agreement with Java Berhad to acquire 1,000,000 ordinary shares or 100% the total issued and paid-up capital of Java Plantations Sdn Bhd for a purchase consideration of Ringgit Malaysia Five Million One Hundred Ninety Seven Thousand One Hundred Eighteen and Sen Thirty Seven Only (RM5,197,118.37) ("Proposed Acquisition").

Further details of the Proposed Acquisition are set out in the attachment.

This announcement is dated 6 October 2017.

 




Please refer attachment below.



Announcement Info

Company Name FIMA CORPORATION BERHAD
Stock Name FIMACOR
Date Announced 06 Oct 2017
Category General Announcement for PLC
Reference Number GA1-06102017-00035