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8 months ago
BRIEF-Boustead Plantations Bhd updates on proposed sale of 5 adjoining parcels of freehold land
December 22, 2016 / 2:09 PM / 8 months ago

BRIEF-Boustead Plantations Bhd updates on proposed sale of 5 adjoining parcels of freehold land

Dec 22 (Reuters) - Boustead Plantations Bhd

* Affin Hwang Investment Bank Bhd wishes to announce that CIMB Islamic Trustee Bhd entered into SPA with Setia Recreation Sdn Bhd

* Agreement for the proposed sale of 5 adjoining parcels of freehold land

* Agreement for for a total cash consideration of 620.1 million rgt

* Upon completion of the proposed sale, BPB is expected to realise an estimated gain of 527.3 million rgt

* The proposed sale is expected to be completed by the 3rd quarter of 2017 Source (bit.ly/2hWDmY8) Further company coverage:

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