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27 Dec 2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ORIENTAL HOLDINGS BERHAD

Type : Announcement
Subject : Transactions (Chapter 10 of Listing Requirements) Related Party Transactions
Description









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Oriental Holdings Berhad ("OHB" or The "Company")

(I) Proposed acquisition by OHB of the remaining equity interest proposed 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; and

(II) Proposed acquisition by OHB of plantation estates located in Peninsular Malaysia,

For a total cash consideration of approximately RM1.20 billion

We refer to the announcement dated 13 October 2022 in relation to the Proposals. Unless otherwise stated, the definitions set out in the previous announcement shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 27 December 2022, approved the Company’s application for an extension of time to submit the draft circular in respect of the Proposals to Bursa Securities up to 31 January 2023 (“Extension of Time”). The Extension of Time is sought pursuant to Paragraph 9.33(1)(a) of the Listing Requirements.