KUALA LUMPUR: Oriental Holdings Bhd (OHB) has entered into a series of deals to acquire shares of plantation companies and buy estates worth a total of RM1.2 billion ringgit.
In a filing with Bursa Malaysia, the conglomerate said the supplemental share sale agreements (SSAs) are to acquire the remaining equity interests in three plantation companies, namely Selasih Permata Sdn Bhd (SPSB), Oriental Boon Siew (Mauritius) Pte Ltd (OBS (M) and Southern Perak Plantation Sdn Bhd (SPP).,
It also entered into supplemental sale and purchase agreements (SPAs) to acquire three oil palm estates in Peninsular Malaysia, namely Bukit Langkap Estate, Bentong Estate and Thye Group Estate.
OHB said the parties involved have also agreed to an extended period to provide additional time for them to fulfil the conditions set out in the SSAs and the SPAs, which were signed on Oct 13, 2022. - Bernama