KUALA LUMPUR: Rivertree STF Synergies Bhd (RSSB) has proposed to acquire shares in Rivertree Landmark Sdn Bhd (RLSB) and Rivertree Signatures Sdn Bhd for RM46.28mil.
In a filing with Bursa Malaysia, RSSB said it plans to acquire 33.10 million ordinary shares in RLSB, equivalent to 100% equity interest in RLSB from Datuk Leong Sai Mun, Soon Kian Cheong, Ong Choong Leo, Choong Yoke Far and Benjamin Fong Hian for RM32.71mil.
It also proposes to acquire two million ordinary shares in Rivertree Signatures – representing a 100% equity interest in the company – from Leong and Choong for RM13.57mil, to be satisfied entirely via cash.
RSSB has also entered into a conditional share sale and purchase agreement with a purchaser to dispose of its 250,000 shares in Irama Setia Sdn Bhd or ISSB for RM12.97mil, to be satisfied entirely in cash. — Bernama
