Asian Plantations Limited Formal Sale Process (0038D)
March 24 2014 - 7:00AM
UK Regulatory
TIDMPALM
RNS Number : 0038D
Asian Plantations Limited
24 March 2014
24 March 2014
Asian Plantations Ltd
("Asian Plantations" or the "Company")
Formal Sale Process
Further to the announcement of 3 March 2014, Asian Plantations
Limited (LSE: PALM), the AIM-listed palm oil plantation company
with operations in Malaysia covering some 24,622 Ha, announces that
it has engaged Strand Hanson Limited to act as sole financial
adviser to conduct a formal sale process to seek buyers for the
Company.
Asian Plantations remains in discussions with a number of
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.
Asian Plantations is subject to the Singapore Code on Takeovers
and Mergers.
Further announcements will be made in due course.
-ENDS-
For further information, please contact:
Asian Plantations Limited
Graeme Brown, Joint Chief Executive Tel: +65 6325
Officer 0970
Dennis Melka, Joint Chief Executive
Officer
Strand Hanson Limited
London: Tel: +44 (0)
Simon Raggett 20 7409 3494
James Harris
James Spinney
Singapore:
Mark Greaves
Tel: +65 9670
7921
Macquarie Capital (Europe)
Limited Tel: +44 (0)
Steve Baldwin 203 037 2000
Panmure Gordon (UK) Limited
Tom Nicholson Tel: +65 6824
Callum Stewart 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
END
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