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] => 304
        )

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

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

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:3:{s:4:"date";s:10:"1750050510";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:5;i:1;}}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:2:{s:4:"date";i:0;s:5:"count";i:0;}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] => 0
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1750050510
        )

    [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

From player to mentor: Wee Wern calls time on glittering squash career, takes on coaching challenge

A desire to impart her years of experience to the younger generation has seen former world number five squash player Low Wee Wern make the tough decision to hang up her racquet.

Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil

Has J-Kom ‘strayed’ from its true purpose of promoting govt programmes?

Has the Community Communications Department (J-Kom), an agency tasked with disseminating information on the benefits and development of government programmes to the people, “strayed” from its intended purpose?

◉ Related

Copyright © 2023. All rights reserved.