TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ORIENTAL HOLDINGS BERHAD ("OHB" OR THE "COMPANY")

Announcement Details
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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	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 payments for the balance of the Purchase Consideration of Bukit Langkap Estate and the Purchase Consideration of Thye Group Estate totaling approximately RM243.89 million pursuant to the Bukit Langkap Estate SPA and Thye Group Estate SPA as well as the Supplemental Bukit Langkap Estate SPA and Supplemental Thye Group Estate SPA have been effected and settled in full on 22 January 2024, hence marking the completion of the Bukit Langkap Estate Acquisition and Thye Group Estate Acquisition. This announcement is dated 22 January 2024.