Tdm Berhad Signs Hoa To Acquire 70 Shares In Thp Yt Plantation Sdn Bhd



(drsamsuri.com) – TDM Berhad (“TDM” or “Group”) wishes to announce that the Company had on 31 December 2019, entered into a Heads of Agreement (“HOA”) with TH Plantations Berhad (“THP”) for the acquisition of 70% shares in THP-YT Plantation Sdn Bhd (“THP-YT).
THP-YT is the registered owner of three parcels of plantation land located in Mukim of Caluk and Marang, all in the District of Setiu, State of Terengganu with a total land area of 2,594.50 hectares, known as Ladang Bukit Bidong (“Estate”). Of which, a total area of 2,307.00 hectares had been planted with oil palm plantation with an age profile ranging from two to nine years old.
The HOA will enable THP and TDM to negotiate and finalise the terms of the definitive agreement for the Proposed Share Sale Agreement (“SPA Shares”) and the Proposed Settlement Agreement (“Settlement Agreement”) (collectively referred to as the “Proposed Acquisition”). The SPA Shares and the Settlement Agreement will be executed between the Parties within eight (8) weeks after the execution of the HOA.
A detailed announcement on the Proposed Acquisition will be released upon signing of the SPA Shares and the Settlement Agreement. Upon completion of the Proposed Acquisition, THP-YT will be a subsidiary of TDM.
Since the Estate is located in close proximity to TDM existing plantations and its palm oil mill, the Proposed Acquisition would optimise TDM processing capacity and lower the mill processing cost/mt FFB at its Sungai Tong mill. The age profile of the Estate ranges from two to nine years. The Proposed Acquisition will improve TDM average age profile and contribute positively to TDM’s cashflow.
Upon completion of the acquisition, TDM’s total planted oil palm area in Terengganu will increase from 31,346 hectares to 33,653 hectares.
YM Raja Dato’ Haji Idris Raja Kamarudin, Chairman of TDM Berhad said, “looking further ahead, we are rolling out our Business Development Plan (“BDP”) to strengthen the platform for sustained growth into the future. The acquisition is part of the Group’s overall strategy to improve the average age profile and reduce fluctuation in revenue. TDM is strategically positioning itself to stay competitive in highly challenging market conditions.
TDM is also looking forward to the Securities Commission’s (“SC”) review in May 2020 and the potential reinstatement of TDM as a shariah compliant security. TDM believes that it has in principle complied with the SC’s requirements and now awaits for the outcome of an official review by the SC in May 2020.”
TDM will pay a consideration of RM7 million for the 70% THP’s shares in THP-YT. Through the proposed Settlement Agreement, the inter-company advances by THPYT to THP Suria Mekar Sdn. Bhd. (“THPSM”), a wholly-owned subsidiary of THP, amounting to RM78.6 million (“Advances”) will be settled via a bank facility to be taken by THP-YT and part of it will be paid using shareholders’ advances from TDM and/or Yayasan Terengganu amounting to RM62 million (“Settlement Sum”). The balance of the Advances, being the difference between the Advances and the Settlement Sum, shall be assigned by THPSM to the TDM for the consideration of RM1.00.
It is important to note that our wholly-owned subsidiary, namely TDM Plantation Sdn Bhd has been certified sustainable by the Roundtable on Sustainable Palm Oil (“RSPO”) and Malaysian Sustainable Palm Oil (“MSPO”). In 2013, we were the first plantation company in Terengganu to go beyond the standard practices at that time and had been awarded with the 100% RSPO Certification.
“TDM’s believes that the strategic value creation to be derived from the proposed acquisition will translate into operational efficiencies thus improving profitability in the long run,” concluded Y.M Raja Dato’ Haji Idris.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2019/12/31/tdm-berhad-signs-hoa-to-acquire-70-shares-in-thp-yt-plantation-sdn-bhd/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Jawatan Kosong Ytl Communications Sdn Bhd

Jawatan Kosong Ytl Communications Sdn Bhd

papar berkaitan - pada 4/1/2020 - jumlah : 283 hits
Jawatan Kosong YTL Communications Sdn Bhd Portal jawatan kosong ingin berkongsi maklumat peluang pekerjaan yang kini dibuka di YTL dan kepada Warganegara Malaysia yang berminat serta berkelayakan dipelawa untuk mengisi kekosongan jawatan in...
Sdn Sukajaya 03 Jadi Tempat Mengungsi Korban Longsor Kegiatan Belajar Diliburkan

Sdn Sukajaya 03 Jadi Tempat Mengungsi Korban Longsor Kegiatan Belajar Diliburkan

papar berkaitan - pada 6/1/2020 - jumlah : 154 hits
Setahu saya sekolah yang dipakai mengungai di sini saja soalnya di SDN Banar 1 Banar 2 rawan longsor Jadi enggak di pakai kata Zenal
Kanopi Sdn 10 Dan 12 Kembangan Utara Ambruk Diduga Karena Instalasi Rapuh

Kanopi Sdn 10 Dan 12 Kembangan Utara Ambruk Diduga Karena Instalasi Rapuh

papar berkaitan - pada 28/12/2019 - jumlah : 185 hits
DPRD DKI sudah membicarakan dengan Dinas Pendidikan DKI dan rencananya persoalan kanopi sekolah ambruk dijanjikan beres sebelum 6 Januari bertepatan hari masuk sekolah
Abaikan Fatwa Mui Siswa Sdn 01 Nambangan Lor Bawa Tumpeng Dan Ucapkan Selamat Natal

Abaikan Fatwa Mui Siswa Sdn 01 Nambangan Lor Bawa Tumpeng Dan Ucapkan Selamat Natal

papar berkaitan - pada 25/12/2019 - jumlah : 265 hits
Majelis Ulama Indonesia Jawa Timur melarang umat muslim mengucapkan selamat Natal kepada umat Kristiani yang merayakannya namun larangan tersebut tidak berlaku untuk Wakil Presiden dan pejabat pemerintah Mochammad Yunus Sekretaris MUI Jatim...
Kelasnya Ambruk Siswa Sdn Di Jember Diberi Trauma Healing

Kelasnya Ambruk Siswa Sdn Di Jember Diberi Trauma Healing

papar berkaitan - pada 21/12/2019 - jumlah : 152 hits
Alasannya ambruknya atap kelas V yang baru beberapa hari selesai di rehab oleh kontraktor itu terjadi pada Sabtu pagi Di mana siswa sedang mengikuti latihan upacara di halaman sekolah
Jadi Lokasi Pengungsian Sdn 03 Sukajaya Bogor Setop Kegiatan Belajar

Jadi Lokasi Pengungsian Sdn 03 Sukajaya Bogor Setop Kegiatan Belajar

papar berkaitan - pada 6/1/2020 - jumlah : 148 hits
Kondisi di pengungsian di SDN Sukajaya 03 mulai membaik dengan banyaknya persediaan logistik serta listrik yang mulai menyala Sehingga warga terdampak bisa memanfaatkan air bersih yang diambil menggunakan pompa air dan ditampung
Lebih 2k Shares Chef Cilik Ini Kongsi Resepi Sloppy Joe Casserole Mudah Lazatnya

Lebih 2k Shares Chef Cilik Ini Kongsi Resepi Sloppy Joe Casserole Mudah Lazatnya

papar berkaitan - pada 2/1/2020 - jumlah : 591 hits
Jom hasilkan resepi oleh chef cilik Danish Harraz ini Simple sangat Cover image via Danish Harraz Sloppy Joe merupakan sejenis sandwic popular yang digemari ramai kerana ia mempunyai kuah daging yang dimasak dengan sos tomato Memang sedap T...
Jawatan Kosong Ioi Properties Group Berhad

Jawatan Kosong Ioi Properties Group Berhad

papar berkaitan - pada 3/1/2020 - jumlah : 451 hits
Jawatan Kosong IOI Properties Group Berhad Portal kerja kosong membuka peluang pekerjaan di IOI Properties yang kini dibuka untuk Warganegara Malaysia dan kepada yang berminat serta berkelayakan dipelawa untuk mengisi kekosongan jawatan ini...
Jawatan Kosong Perusahaan Otomobil Kedua Sendirian Berhad

Jawatan Kosong Perusahaan Otomobil Kedua Sendirian Berhad

papar berkaitan - pada 3/1/2020 - jumlah : 266 hits
Jawatan Kosong Perusahaan Otomobil Kedua Sendirian Berhad Portal kerja kosong terkini ingin berkongsi maklumat peluang pekerjaan yang kini dibuka di Perodua dan kepada Warganegara Malaysia yang berminat serta berkelayakan dipelawa untuk men...
Malaysia Airlines A330 300 Takes To The Skies In Manchester United Livery

Timbul Dakwaan Zahnita Bagi Lelaki Masuk Rumah Suami Akui Terkejut Bila Ada Orang Lain Anak Anak Pun Mengeluh

Terrazza Aperol In Milan Reopens With A Bold New Identity By Vudafieri Saverino Partners

Cara Buat Bayaran Semula Yayasan Bank Rakyat Secara Online Menggunakan Jompay

Senarai Universiti Luar Negara Kampus Malaysia Bidang Perubatan

Pelancaran Galeri Keratan Akhbar Muka Hadapan Di Pejabat Ppim Kaca Tv 17 04 2025

Selangor To Study Banning Vape Sales Says Mb

Pa Yang Multitasking


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Trading For Living Jalan Hidup Setelah Satu Dekade Blogging

10 Arahan Penting Sebelum Kamu Memutuskan Buy Atau Sell

Ist Page Of Google

Rutin Pagi

How To Buy Terpenes Without Getting Burned Insider Tips

Gaya Bunyi Yang Tidak Dapat Ditandingi Emberton Iii Dan Minor Iv Hadir Dengan Warna Baharu