| UP at
the stock market: |
19-09-2019 |
|
| Bursa
Malaysia: |
| Price MYR: 25.18 |
Change%:
-0.63
|
|
|
|
| Palm Oil Price: |
| Price MYR:
2,212
|
Change%:
-0.76
|
|
| Plantation Index
Bursa Malaysia:
|
| MYR:
6,786
|
Change%:
-0.57
|
|
Completion of Acquisitions
We refer to the Company’s announcements dated 21 September 2018, 17 May 2019 and 11 June 2019 in relation
to the Proposed Acquisitions (”Announcements”). Unless otherwise defined, the definitions set out in the
Announcements shall apply herein.
On behalf of the Board, AmInvestment Bank Berhad wishes to announce that the Proposed Acquisitions have
been completed following the payment of the Balance Purchase Price, the registration of the title deeds for the
Subject Properties in the name of UP, and the delivery of vacant possession of the Subject Properties.
This announcement is dated 3 September 2019.
Proposed
Acquisitions
We refer to the Company’s announcement dated 21 September 2018 and 17 May 2019 in relation to the Proposed
Acquisitions (”Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall
apply herein.
On behalf of the Board of Directors of UP, AmInvestment Bank Berhad wishes to announce that UP had on
7 May 2019 obtained 3 letters of approval from the Perak State Authority Pursuant to Section 433B of the
National Land Code, 1965 for the acquisition and transfer of the Subject Poperties to UP from PPM, SKM and
TRT (collectively, ”the Vendors”) with conditions. As a result of these conditions, UP had on 10 June 2019
entered into 3 supplemental agreements to the SPAs with the respective Vendors to vary certain terms and
conditions of the SPAs.
Please refer to the attachment for further details.
This announcement is dated 11 June 2019.
United Plantations Berhad (“UP”) acquires 8,999
acres in Perak, Malaysia, from Pinehill Pacific
Berhad’s group of companies (“Pinehill Group”)
for RM413.57 million in cash.
Read more
Transactions (Chapter 10 of listing requirements): non related party transactions United Plantations Berhad (”UP” or the ”Company”) proposed acquisition of agriculture land measuring approximately 8,999.13 acres together with all structures attached to the land in Daerah Hilir Perak from Pinehill Pacific Berhad’s group of companies for a total combined purchase consideration of approximately rm413.57 million (”proposed acquisitions”)
Read more
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