TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KUALA LUMPUR KEPONG BERHAD ("KLK" OR "THE COMPANY") PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN EACH OF: (A) PT FARINDA BERSAUDARA ("FB") (B) PT TEGUH SWAKARSA SEJAHTERA ("TSS") ("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 90% EQUITY INTEREST IN EACH OF:
(A)	PT FARINDA BERSAUDARA ("FB")
(B)	PT TEGUH SWAKARSA SEJAHTERA ("TSS") 
("PROPOSED ACQUISITION")

The Board of Directors of KLK wishes to announce that Taiko Plantations Pte. Ltd., a Singapore-incorporated wholly-owned subsidiary of KLK (“TPPL”), has on 26 August 2020 entered into two (2) Conditional Shares Sale and Purchase Agreements with subsidiaries of TSH Resources Berhad as follows:

(i) Conditional Shares Sale and Purchase Agreement between TPPL and TSH Global Plantation Pte. Ltd. (“Seller 1”), for TPPL to acquire a 90% equity interest in PT FB from Seller 1; and

(ii) Conditional Shares Sale and Purchase Agreement between TPPL and TSH Oversea Pte. Ltd. (“Seller 2”), for TPPL to acquire a 90% equity interest in PT TSS from Seller 2.

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 26 Aug 2020
Category General Announcement for PLC
Reference Number GA1-25082020-00051