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27 Sep 2023
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ORIENTAL HOLDINGS BERHAD ("OHB" OR THE "COMPANY")
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
ORIENTAL HOLDINGS BERHAD ("OHB" OR THE "COMPANY") (I) ACQUISITION BY OHB OF THE REMAINING EQUITY INTERESTS IT DOES NOT ALREADY OWN IN 3 PLANTATION COMPANIES, NAMELY SELASIH PERMATA SDN BHD, ORIENTAL BOON SIEW (MAURITIUS) PTE LTD AND SOUTHERN PERAK PLANTATIONS SDN BHD ("SHARES ACQUISITIONS"); AND (II) ACQUISITION BY OHB OF PLANTATION ESTATES LOCATED IN PENINSULAR MALAYSIA, FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM1.20 BILLION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the previous announcements and the circular to stockholders dated 15 August 2023 (“Circular”) in relation to the Proposals. Unless otherwise stated, the definitions set out in the Circular shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the last of the conditions precedent set out in the SPAs and Supplemental SPAs (i.e. OHB becoming the sole shareholder of the entire issued share capital of SPP) have been fulfilled on 27 September 2023, resulting in the SPAs and Supplemental SPAs being unconditional on even date.
This announcement is dated 27 September 2023.