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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN PT LADANGRUMPUN SUBURABADI (LSI) AND PT SAJANG HEULANG (SHE) BY PT ANUGERAH SUMBERMAKMUR (ASM) AND PT MINAMAS GEMILANG (MGG), THE WHOLLY-OWNED SUBSIDIARIES OF SIME DARBY PLANTATION BERHAD (SDPB)

SIME DARBY PLANTATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN PT LADANGRUMPUN SUBURABADI (LSI) AND PT SAJANG HEULANG (SHE) BY PT ANUGERAH SUMBERMAKMUR (ASM) AND PT MINAMAS GEMILANG (MGG), THE WHOLLY-OWNED SUBSIDIARIES OF SIME DARBY PLANTATION BERHAD (SDPB)

Further to the announcement dated 14 April 2023, the Company wishes to announce that ASM and MGG (ASM and MGG collectively, “Sellers”), both its wholly-owned indirect subsidiaries had, on 31 July 2023, completed the disposal of the Sellers’ cumulative 100% equity interest in LSI and SHE at a combined total cash consideration of IDR1.75 trillion (equivalent to approximately RM530.25 million). 


As a result, LSI and SHE will cease to be indirect subsidiaries of SDPB with effect from 31 July 2023.

 

This announcement is dated 31 July 2023.






Announcement Info

Company Name SIME DARBY PLANTATION BERHAD
Stock Name SIMEPLT
Date Announced 31 Jul 2023
Category General Announcement for PLC
Reference Number GA1-31072023-00024



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