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12 Jan 2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS

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









 :

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 OHB had, on 12 January 2023, entered into the following:-

1. supplemental share sale agreement with BSSB in relation to the Proposed SPSB Acquisition (“Supplemental SPSB SSA”);

2. supplemental share sale agreement with BSSB in relation to the Proposed OBS(M) Acquisition (“Supplemental OBS(M) SSA”);

3. supplemental share sale agreement with BSSB, BSD and LBS in relation to the Proposed SPP Acquisition (“Supplemental SPP SSA”);

4. supplemental sale and purchase agreement with BESB in relation to the Proposed Bukit Langkap Estate Acquisition (“Supplemental Bukit Langkap Estate SPA”);

5. supplemental sale and purchase agreement with BESB in relation to the Proposed Bentong Estate Acquisition (“Supplemental Bentong Estate SPA”); and

6. supplemental sale and purchase agreement with BESB in relation to the Proposed Thye Group Estate Acquisition (“Supplemental Thye Group Estate SPA”).

(The Supplemental SPSB SSA, Supplemental OBS(M) SSA and Supplemental SPP SSA are collectively referred to as the “Supplemental SSAs”. The Supplemental Bukit Langkap Estate SPA, Supplemental Bentong Estate SPA and Supplemental Thye Group Estate SPA are collectively referred to as the “Supplemental SPAs”).

Further details of the Supplemental SSAs and Supplemental SPAs are set out in the attachment enclosed.