OTHERS TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY") - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 70% EQUITY INTERESTS IN THP-YT PLANTATION SDN. BHD. TO TDM BERHAD

TH PLANTATIONS BERHAD

Type Announcement
Subject OTHERS
Description
TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY") -
HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 70% EQUITY INTERESTS IN THP-YT PLANTATION SDN. BHD. TO TDM BERHAD

 

The Company wishes to announce that on 31 December 2019, THP had entered into a Heads of Agreement ("HOA") with TDM Berhad  ("TDM")  to record the principle agreement and understanding between the Company and TDM in relation to the proposed disposal of 70% equity interests in THP-YT Plantation Sdn. Bhd. ("THP-YT") to TDM for a cash consideration of RM7.0 million and proposed settlement of part of the inter-company advances by THP-YT to THP Suria Mekar Sdn. Bhd., a wholly-owned subsidiary of the Company ("Proposed Disposal"). 

 

Please refer to the attachment for further details of the Proposed Disposal. 

 

This announcement is dated 31 December 2019.




Please refer attachment below.

Attachments

THP_PROPOSED DISPOSAL - HOA.pdf
183.6 kB



Announcement Info

Company Name TH PLANTATIONS BERHAD
Stock Name THPLANT
Date Announced 31 Dec 2019
Category General Announcement for PLC
Reference Number GA1-31122019-00031