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162.50    15.50 (10.54%)
Bid:
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Spread: 5.00 (3.125%)
Market Cap: £14.14m
PALM Live PriceLast checked at - London Stock Exchange

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Response to Press Speculation

3 Mar 2014 08:00

RNS Number : 3219B
Asian Plantations Limited
03 March 2014
 



3 March 2014

 

Asian Plantations Ltd

("Asian Plantations" or the "Company")

 

 

Response to Press Speculation

 

Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, notes the comments which appeared in The Star newspaper in Malaysia on Saturday 1 March 2014 and which suggested that the Company is in discussions with FELDA Global Ventures Holdings Bhd ("FGV") to dispose of all, or part of, its issued share capital to FGV.

 

The Company confirms that it is in discussions with a number of parties which might lead to a sale of its entire 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, Co-Founder & Joint Chief Executive Officer

Dennis Melka, Co-Founder & Joint Chief Executive Officer

 

 

Tel: +65 6325 0970

 

Strand Hanson Limited

James Harris

James Spinney

 

 

Tel: +44 (0) 20 7409 3494

Macquarie Capital (Europe) Limited

Steve Baldwin

Dan Iacopetti

 

 

Tel: +44 (0) 203 037 2000

 

Panmure Gordon (UK) Limited

Tom Nicholson

Callum Stewart

 

 

Tel: +65 6824 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
 
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