Brief: GCCP Resources Announces MoU For Proposed Acquisition Of Pt Arjuna Utama Sawit
10/10/2019 14:22
Oct 10 (Reuters) - GCCP Resources Ltd GCCP.SI :
* ANNOUNCES MOU IN RELATION TO PROPOSED ACQUISITION OF
ENTIRE
ISSUED AND PAID-UP SHARE CAPITAL OF PT ARJUNA UTAMA SAWIT
* DEAL FOR S$220.3 MILLION
* CONSIDERATION WILL BE SATISFIED IN FULL BY ISSUANCE AND
ALLOTMENT OF 3.67 BILLION NEW ORDINARY SHARES OF COMPANY AT
S$0.06 PER SHARE
* PROPOSED ACQUISITION, IF UNDERTAKEN & COMPLETED, IS
EXPECTED TO
RESULT IN A "REVERSE TAKE-OVER" OF CO
Source text for Eikon: ID:nSNZ649C0G
Further company coverage: GCCP.SI
((Reuters.Briefs@thomsonreuters.com;))
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