GENTING PLANTATIONS BERHAD (“GENP” OR THE “COMPANY”)Genting Plantations • February 12th, 2020
PROPOSED UNWINDING OF THE SHARE SALE AND PURCHASE AGREEMENT DATED 11 JULY 2014 BETWEEN GENP AND ELEVANCE RENEWABLE SCIENCES SINGAPORE PTE LTD (“ERS SINGAPORE”) (“SHARE SPA”) FOR THE DISPOSAL BY GENP OF 72 MILLION FULLY PAID-UP ORDINARY SHARES REPRESENTING 25% OF THE ENTIRE SHARE CAPITAL OF GENTING BIOREFINERY SDN BHD (“GIB”) TO ERS SINGAPORE FOR A CASH CONSIDERATION OF RM72.00 MILLION (“SHARE SALE”)
