TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KUALA LUMPUR KEPONG BERHAD ("KLK" OR "THE COMPANY") PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN PT PINANG WITMAS SEJATI ("PROPOSED ACQUISITION")

KUALA LUMPUR KEPONG BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KUALA LUMPUR KEPONG BERHAD ("KLK" OR "THE COMPANY") PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN PT PINANG WITMAS SEJATI ("PROPOSED ACQUISITION")

The Board of Directors of KLK wishes to announce that Taiko Plantations Pte. Ltd., a Singapore-incorporated wholly-owned subsidiary of KLK (hereinafter referred to as “the Buyer” or “TPPL”), has on 24 April 2020 entered into a Conditional Shares Sale And Purchase Agreement (“the CSSPA”) with Ladang Lekir Sdn. Bhd. (“the Seller”), to acquire a 60% equity interest in PT Pinang Witmas Sejati (“PWS”) from the Seller, for a total cash consideration of RM341,550,000/-.

Please refer to the attachment for announcement details.




Please refer attachment below.



Announcement Info

Company Name KUALA LUMPUR KEPONG BERHAD
Stock Name KLK
Date Announced 24 Apr 2020
Category General Announcement for PLC
Reference Number GA1-10042020-00041