28 Apr 2014 07:00
25 April 2014
Asian Plantations Ltd
("Asian Plantations" or the "Company")
Update on Formal Sale Process
Further to the announcement of 24 March 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, Joint Chief Executive Officer Dennis Melka, Joint Chief Executive Officer
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Tel: +65 6325 0970
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Strand Hanson Limited London: Simon Raggett James Harris James Spinney
Singapore: Mark Greaves
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Tel: +44 (0) 20 7409 3494
Tel: +65 9670 7921 |
Macquarie Capital (Europe) Limited Steve Baldwin
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Tel: +44 (0) 203 037 2000
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Panmure Gordon (UK) Limited Tom Nicholson Callum Stewart
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Tel: +65 6824 8204 Tel: +44 (0) 20 7886 2500 |
Bankside Consultants Simon Rothschild
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Tel: +44 (0) 20 7367 8871
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Panther Metals (PALM)