Update on Formal Sale Process

RNS Number : 3339I
Asian Plantations Limited
29 May 2014
 



29 May 2014

 

Asian Plantations Ltd

("Asian Plantations" or the "Company")

 

Update on Formal Sale Process

 

Further to the announcement of 28 April 2014 in accordance with its obligations under the Singapore Code on Takeovers and Mergers, Asian Plantations Limited (LSE: PALM), the AIM-listed palm oil plantation company with operations in Malaysia covering some 24,622 Ha, announces that it remains in discussions with several parties which might or might not lead to a sale of its entire issued share capital, however there can be no certainty as to the outcome of these discussions or whether an offer will be made.

Further announcements will be made in due course.

 

-ENDS-

 

For further information, please contact:

 

Asian Plantations Limited

Graeme Brown, Co-Founder & Joint Chief Executive Officer

Dennis Melka, Co-Founder & Joint Chief Executive Officer

 

 

     Tel:          +65 6325 0970

 

Strand Hanson Limited

James Harris

James Spinney

 

 

Tel: +44 (0) 20 7409 3494

Macquarie Capital (Europe) Limited

Steve Baldwin

Dan Iacopetti

 

 

Tel: +44 (0) 203 037 2000

 

Panmure Gordon (UK) Limited

Tom Nicholson

Callum Stewart

 

 

      Tel:          +65 6824 8204

Tel: +44 (0) 20 7886 2500

Bankside Consultants

Simon Rothschild

 

 

Tel: +44 (0) 20 7367 8871

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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