Completion of Acquisition

RNS Number : 6881Y
Asian Plantations Limited
30 December 2010
 



30 December 2010

 

 

Asian Plantations Limited

("APL" or the "Company")

 

Completion of Acquisition

 

Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, is pleased to confirm that it has now completed the acquisition announced on 16 August 2010. The Company is now the legal owner of the entire issued share capital of Fortune Plantation Sdn. Bhd (the "Acquisition").

 

The terms of the Acquisition remain consistent with those announced previously.

 

Graeme Brown, APL's Joint Chief Executive Officer, commenting on the completion of the Acquisition, said:

 

"We are delighted to complete the Acquisition, which has now significantly enlarged the Company's land bank and is an important step towards achieving the Company's stated objective of owning in excess of 20,000 hectares of Malaysian titled land within two years of listing."

 

 

For further information contact:

 

Asian Plantations Limited

Dennis Melka, Joint Chief Executive Officer

Graeme Brown, Joint Chief Executive Officer

 

 

                       Tel:  +65 9878 4171

                       Tel:  +60 19 856 0221

Strand Hanson Limited

James Harris

Paul Cocker

 

 

Tel: +44 (0)20 7409 3494

Panmure Gordon (UK) Limited

Tom Nicholson

Edward Farmer

 

 

Tel: +44 (0) 20 7459 3600

Bankside Consultants

Simon Rothschild

Louise Mason

 

 

Tel: +44 (0)20 7367 8871

Tel: +44 (0)20 7367 8872

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQURRRRRSAUORA
UK 100