Array
(
    [_edit_lock] => Array
        (
            [0] => 1699012419:30
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_edit_last] => Array
        (
            [0] => 30
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:109:"It says announcements will be made according to requirements by Securities Commission, other relevant parties";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => The Armed Forces Fund Board’s (LTAT) efforts to implement the possible general offer involving Boustead Plantations Bhd (BPlant) remains ongoing, subject to obtaining the requisite approvals.
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 305
        )

    [footnotes] => Array
        (
            [0] => 
        )

    [_thumbnail_id] => Array
        (
            [0] => 131743
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:3:{s:4:"date";s:10:"1750986593";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:1;i:1;}}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 4
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1750986593
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [_wp_old_slug] => Array
        (
            [0] => ltat-efforts-to-implement-offer-for-boustead-plantations-still-ongoing
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
Efforts to implement offer for Boustead Plantations still ongoing: LTAT | Scoop
LTAT has said that it is still working to implement a potential general offer for Boustead Plantations Bhd, pending necessary approvals, and will provide updates as needed following regulatory requirements. – LTAT pic, November 3, 2023
News

Efforts to implement offer for Boustead Plantations still ongoing: LTAT

It says announcements will be made according to requirements by Securities Commission, other relevant parties

Bernama
Updated
7:52 PM MYT

 

KUALA LUMPUR – The Armed Forces Fund Board’s (LTAT) efforts to implement the possible general offer involving Boustead Plantations Bhd (BPlant) remains ongoing, subject to obtaining the requisite approvals.

In a statement today, LTAT said it would make the relevant announcement or notification as and when required in accordance with the requirements of the Securities Commission Malaysia and/or any other relevant authorities.

On October 5, BPlant said it had been informed of LTAT’s intention to proceed with the offer of BPlant at the offer price of RM1.55 per share, despite the mutual termination of the strategic collaboration agreement (SCA) between Kuala Lumpur Kepong Bhd (KLK) and BPlant’s controlling shareholders, LTAT and Boustead Holdings Bhd (BHB).

A day earlier, BPlant and KLK said the parties had agreed not to proceed with KLK’s proposed RM1.15 billion acquisition of a 33% stake in BPlant as “the condition precedent under the SCA will not be satisfied by the cut-off date of October 6, 2023.”

“In the circumstances, the parties mutually agree that the SCA shall be terminated with immediate effect on October 4, 2023,” the two companies said in their respective filings with Bursa Malaysia.

On August 24, 2023, KLK proposed to acquire 739.20 million shares, or a 33% stake and one share, of BPlant from BHB for RM1.15 billion.

KLK also proposed a mandatory take-over offer to acquire all the remaining BPlant shares not already owned by KLK, BHB and LTAT resulting from the proposed acquisition at RM1.55 per BPlant share.

The offer price values BPlant at RM3.47 billion.

Today, BPlant shares closed one sen lower at RM1.47 with 1.68 million shares traded. – November 3, 2023

Topics

 

◉ Popular

A man with fire in his belly: Jagdeep remembers his father Karpal’s strength in the face of disability

Despite paralysis from a tragic accident, the DAP stalwart remained a fearless fighter—his legacy now upheld by his son

Daim’s lawyers slam police for ‘failing’ to probe PM over Bloomberg’s power abuse claims

Counsel for former finance minister question why news agency and reporters are being probed instead

Pendirian AGC konsisten, RUU GEG tidak berperlembagaan

Jabatan Peguam Negara secara konsisten berpandangan bahawa Rang Undang-Undang Kawalan Produk Merokok Demi Kesihatan Awam 2023 atau RUU Generasi Penamat (GEG) adalah tidak berperlembagaan (unconstitutional).

◉ Related

Copyright © 2023. All rights reserved.