| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") PROPOSED ACQUISITION BY EKOVEST OF 23.42% EQUITY INTEREST IN PLS PLANTATIONS BERHAD ("PLS") FROM SERUMPUN ABADI SDN BHD ("SASB") FOR A TOTAL CASH CONSIDERATION OF RM76.50 MILLION |
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On behalf of the Board of Directors of Ekovest, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that Ekovest had on 12 March 2019 entered into a conditional share purchase agreement with SASB for the proposed acquisition by Ekovest of 23.42% equity interest in PLS from SASB for a total cash consideration of RM76.50 million or RM1.00 per ordinary share in PLS (“Proposed Acquisition”).
Further details on the Proposed Acquisition are set out in the attachment below. |
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This Announcement is dated 12 March 2019.
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 12 Mar 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12032019-00097 |
Please refer attachment below.
Attachments