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|
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.
|Company Name||TH PLANTATIONS BERHAD|
|Date Announced||31 Dec 2019|
|Category||General Announcement for PLC|