The Board of Directors of BLD Plantation Bhd. (‘BLDP’ or the “Company”) wishes to announce that its wholly-owned subsidiary, Kirana Palm Oil Refinery Sdn. Bhd. (“Kirana”), had on 16 January 2024 entered into separate Sale and Purchase Agreements (respectively, “SPA1”, “SPA2” or collectively, “SPAs” or “Agreements”) with Syarikat Sebangun Sdn. Bhd. [Registration No. 198401000586 (113107-M)] for the acquisition of the following Property 1 and Property 2 for purchase consideration of Ringgit Malaysia Seven Million (RM7,000,000.00) only and Ringgit Malaysia Seventeen Million (RM17,000,000.00) only respectively (“Proposed Acquisition”):

a) Property 1- Land held under Lot 3059, Block 26, Kemena Land District located at Jalan Kidurong, Bintulu, Sarawak, as detailed in SPA1; and

b) Property 2- Land held under Lot 4087, Block 26, Kemena Land District located at Jalan Kidurong, Bintulu, Sarawak, as detailed in SPA2.

In view of the interests of the directors of the Company in the Proposed Acquisition, the Proposed Acquisition is a related party transaction pursuant to Paragraph 10.08 of Bursa Malaysia Securities Berhad Main Market Listing Requirements. 

Further details of the Proposed Acquisition are outlined in the file as attached.

This announcement is dated 16 January 2024.