TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AGREEMENT FOR THE SALE AND PURCHASE OF BUSINESS ASSETS IN RELATION TO THE PLANTATION LANDS BETWEEN FIMA CORPORATION BERHAD AND PMBK SAWIT SDN BHD

FIMA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AGREEMENT FOR THE SALE AND PURCHASE OF BUSINESS ASSETS IN RELATION TO THE PLANTATION LANDS BETWEEN FIMA CORPORATION BERHAD AND PMBK SAWIT SDN BHD

The Board of Directors of Fima Corporation Berhad (“FimaCorp”) is pleased to announce that FimaCorp has today entered into a conditional Agreement for the Sale and Purchase of Business Assets in relation to the Plantation Lands with PMBK Sawit Sdn Bhd for a purchase consideration in the aggregate sum of Ringgit Malaysia Fifty One Million and Five Hundred Thousand (RM51,500,000.00) only (“Proposed Acquisition”).

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

This announcement is dated 28 September 2020.




Please refer attachment below.



Announcement Info

Company Name FIMA CORPORATION BERHAD
Stock Name FIMACOR
Date Announced 28 Sep 2020
Category General Announcement for PLC
Reference Number GA1-28092020-00077