REG - Anglo-Eastern Plant - Consolidation of Holdings-Indonesian Subsidiaries

Anglo-Eastern PlantationsAnnouncement

04/10/2024 10:00

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RNS Number : 0038H  Anglo-Eastern Plantations PLC  04 October 2024

4 October 2024

 

 

Anglo-Eastern Plantations Plc

("AEP", "Group" or "Company")

 

Consolidation of AEP's Holdings in its Indonesian Subsidiaries

 

Anglo-Eastern Plantations Plc, which owns, operates and develops plantations
in Indonesia and Malaysia, is pleased to announce the completion of the
acquisition of the remaining minority interests in the following Indonesian
subsidiaries from PT Malindo Plantation Management Services for a total
consideration of US$400,000.

 

·    5% of the issued share capital of PT Bangka Malindo Lestari ("BML")

·    0.5% of the issued share capital of PT Kahayan Agro Plantation
("KAP")

 

Following these transactions, the Company owns 100% of the issued share
capital of all its subsidiaries in Indonesia and has fulfilled the Group's
objective of consolidating AEP's holding in its Indonesian subsidiaries with
the Group's cash resources.

 

For further enquiry, contact:

 

Anglo-Eastern Plantations Plc          +44 (0)20 7216 4621

Dato' John Lim Ewe Chuan
                        Executive Director

Marcus Chan Jau Chwen                    Executive Director
(Corporate Affairs)

Kevin Wong Tack Wee
          Group Chief Executive Officer

 

Panmure Liberum
     +44 (0)20 3100 2000

Amrit Mahbubani

Freddie Wooding

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