Last checked at 12 Jul 2010 15:36
12 July 2010
Asian Plantations Limited
("APL" or the "Company")
Holdings in Company
Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, today received notification that the Asian Agriculture Fund ("AAF") acquired 310,000 ordinary shares of no par value in the Company ("Ordinary Shares"), thereby increasing its stake in the Company to 960,000 Ordinary Shares, representing approximately 3.25 per cent. of the Company's issued Ordinary Share capital.
AAF is an agricultural investment fund registered in Singapore and managed by Asian Agri Capital Limited. Additional information on AAF and Asian Agri Capital Limited can be found at www.asianagricapital.com.
Dennis Melka, the Company's Joint Chief Executive Officer, commented: "We are delighted that AAF has increased their position in the Company as we continue to grow Asian Plantations and complete our planting programme by 2012."
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 8560221 |
| Strand Hanson Limited James Harris Paul Cocker
|
Tel: +44 (0)20 7409 3494 |
| Mirabaud Securities LLP Rory Scott
|
Tel: +44 (0)20 7878 3360 |
| Bankside Consultants Simon Rothschild Oliver Winters
|
Tel: +44 (0)20 7367 8871 Tel: +44 (0)20 7367 8874 |