General Announcement for PLC

01/10/2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NTPM HOLDINGS BERHAD ("NTHB" or "the Company") - Proposed disposal of 100% equity interest in NTPM Paper Mill (Bentong) Sdn. Bhd. by Nibong Tebal Paper Mill Sdn. Bhd., a wholly-owned subsidiary of the Company

NTPM HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
NTPM HOLDINGS BERHAD ("NTHB" or "the Company")
- Proposed disposal of 100% equity interest in NTPM Paper Mill (Bentong) Sdn. Bhd. by Nibong Tebal Paper Mill Sdn. Bhd., a wholly-owned subsidiary of the Company

The Board of Directors of the Company wishes to announce that its wholly-owned subsidiary, Nibong Tebal Paper Mill Sdn. Bhd. (hereinafter referred to as “NTPM” or “the Vendor”), had on 1 October 2020 entered into a Sale and Purchase of Shares Agreement (“Agreement”) with XSD International Paper Sdn. Bhd. (“XSD” or “the Purchaser”) for disposal by NTPM of the 100% equity interest held in NTPM Paper Mill (Bentong) Sdn. Bhd. (“NTPM Bentong”) comprising 40,000,000 ordinary shares in NTPM Bentong for a cash consideration of Ringgit Malaysia Twenty Seven Million and Five Hundred Thousand (RM27,500,000) (“Disposal Consideration”) (“Proposed Disposal”).

 

Please refer to the attachment for the details of the Proposed Disposal. 

 

This announcement is dated 1 October 2020.


Please refer attachment below.


Announcement Info

Company Name NTPM HOLDINGS BERHAD
Stock Name NTPM
Date Announced 01 Oct 2020
Category General Announcement for PLC
Reference Number GA1-21092020-00086


Related Announcements for NTPM
Date Title
28/06/2022 OTHERS NTPM HOLDINGS BERHAD ("NTHB" or "the Company") - Proposed Renewal of Share Buy-Back Authority
28/06/2022 OTHERS NTPM HOLDINGS BERHAD ("NTHB" OR "THE COMPANY") -REVALUATION OF PROPERTIES
17/12/2021 OTHERS NTPM HOLDINGS BERHAD ("NTHB" OR "COMPANY") DECLARATION OF SECOND INTERIM SINGLE TIER DIVIDEND OF 0.80 SEN PER ORDINARY SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 30 APRIL 2022
27/09/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS NTPM HOLDINGS BERHAD ("NTHB" or "the Company") - RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
24/09/2021 OTHERS NTPM HOLDINGS BERHAD ("NTHB" OR "COMPANY") DECLARATION OF FIRST INTERIM SINGLE TIER DIVIDEND OF 0.80 SEN PER ORDINARY SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 30 APRIL 2022
23/07/2021 OTHERS NTPM HOLDINGS BERHAD ("NTHB" or "the Company") - Proposed Renewal of Share Buy-Back Authority
23/07/2021 OTHERS NTPM HOLDINGS BERHAD ("NTHB" OR "THE COMPANY") -REVALUATION OF PROPERTIES
30/06/2021 OTHERS NTPM Holdings Berhad ("NTHB" or the Company") - Extension of time to release and submit the Unaudited Quarterly Report for the Period Ended 30 April 2021
19/03/2021 OTHERS NTPM HOLDINGS BERHAD ("NTHB" OR "COMPANY") DECLARATION OF THIRD INTERIM SINGLE TIER DIVIDEND OF 0.80 SEN PER ORDINARY SHARE IN RESPECT OF THE FINANCIAL YEAR ENDING 30 APRIL 2021
10/11/2020 OTHERS NTPM HOLDINGS BERHAD ("NTHB" or "the Company") - Proposed Disposal of 100% equity interest in NTPM Paper Mill (Bentong) Sdn. Bhd. by Nibong Tebal Paper Mill Sdn. Bhd., a wholly-owned subsidiary of the Company ("Proposed Disposal")