【PLS 9695 交流专区】 PLS种植

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Profile for Securities of PLC

PLS PLANTATIONS BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	Issuance of 175,350,000 new free warrants in PLS Plantations Berhad ("PLS") ("Warrants") on the basis of one (1) Warrant for every two (2) ordinary shares in PLS ("PLS Shares") held by the entitled shareholders as at 5.00 p.m. on 28 February 2020

Listing Date	06 Mar 2020
Issue Date	05 Mar 2020
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	175,350,000
Maturity	Mandatory
Maturity Date	04 Mar 2030
Revised Maturity Date
Name of Guarantor	Not Applicable
Name of Trustee	Not Applicable
Coupon/Profit/Interest/Payment Rate	Not Applicable
Coupon/Profit/Interest/Payment Frequency	Not Applicable
Redemption	Not Applicable
Exercise/Conversion Period	10.00   Year(s)
Revised Exercise/Conversion Period	Not Applicable
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   0.8000
Revised Exercise/Strike/Conversion Price	Not Applicable
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio	Not Applicable
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	21,536	12,955	88,467	63,195
2	Profit/(loss) before tax	-8,657	-14,374	-8,471	-24,761
3	Profit/(loss) for the period	-7,799	-11,629	-9,369	-21,497
4	Profit/(loss) attributable to ordinary equity holders of the parent	-5,599	-8,099	-6,333	-14,816
5	Basic earnings/(loss) per share (Subunit)	-1.60	-2.47	-1.81	-4.53
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5351		0.5531

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	21,934	17,715	21,934	17,715
2	Profit/(loss) before tax	4,023	-3,915	4,023	-3,915
3	Profit/(loss) for the period	2,809	-3,574	2,809	-3,574
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,193	-2,379	2,193	-2,379
5	Basic earnings/(loss) per share (Subunit)	0.63	-0.68	0.63	-0.68
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5413		0.5351

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PLS PLANTATIONS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants
No. of shares issued under this corporate proposal	12,500,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.8000
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)
Latest issued share capital after the above corporate proposal in the following
Units	363,200,000
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 101,252,413.000
Listing Date	08 Sep 2020

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PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	132493-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Sep 2020	12,500,000	Others	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction	Warrants Conversion

Circumstances by reason of which change has occurred	Conversion of Warrants
Nature of interest	Direct Interest
Direct (units)	119,257,300
Direct (%)	32.835
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	119,257,300
Date of notice	07 Sep 2020
Date notice received by Listed Issuer	07 Sep 2020

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Type	Announcement
Subject	TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description	RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD AND ASTRAMINA ADVISORY SDN BHD ON BEHALF OF EKOVEST ("OFFEROR")
The Board of Directors of the Company wishes to announce that the Company has on 30 October 2020 received a notice of unconditional mandatory take-over offer from RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd, on behalf of the Offeror, to acquire all the remaining securities in PLS not already held by the Offeror for a cash consideration of RM0.95 per ordinary share in PLS and RM0.15 per warrant issued by PLS (“Notice”). A copy of the Notice is attached herewith. The Notice will be posted to the shareholders and warrantholders of PLS within seven (7) days of its receipt. This Announcement is dated 30 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100890

Attachments 20201030123801651.pdf

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PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	198501000052 (132493-D)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	30 Oct 2020	89,144,200	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Private Arrangement
Nature of interest	Direct Interest
Direct (units)	208,401,500
Direct (%)	57.379
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	208,401,500
Date of notice	02 Nov 2020
Date notice received by Listed Issuer	02 Nov 2020

Notice of Person Ceasing (Section 139 of CA 2016)

PLS PLANTATIONS BERHAD

Particulars of Substantial Securities Holder

Name	LIMBONGAN RESOURCES SDN BHD
Address	1-2-1, Jalan Semarak Api 1 Diamond Square, Off Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	199401019779 (305458-V)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	LIMBONGAN RESOURCES SDN BHD
Address of registered holder	1-2-1, Jalan Semarak Api 1Diamond Square, Off Jalan Gombak53000 Kuala Lumpur
Date of cessation	30 Oct 2020

No of securities disposed	74,970,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Private Arrangement
Nature of interest	Direct Interest
Date of notice	02 Nov 2020
Date notice received by Listed Issuer	02 Nov 2020

PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	132493-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	23 Nov 2020	7,000,000	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction
2	24 Nov 2020	8,700,000	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction
3	25 Nov 2020	375,700	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Unconditional Mandatory Take-Over Offer by Ekovest Berhad
Nature of interest	Direct Interest
Direct (units)	224,873,700
Direct (%)	61.915
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	224,873,700
Date of notice	27 Nov 2020
Date notice received by Listed Issuer	27 Nov 2020

Subject

PLS PLANTATIONS BERHAD ("PLS" OR "COMPANY") - INDEPENDENT ADVICE CIRCULAR TO THE HOLDERS IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY EKOVEST BERHAD ("OFFEROR"), THROUGH RHB INVESTMENT BANK BERHAD AND ASTRAMINA ADVISORY SDN BHD TO ACQUIRE:- (I) ALL THE REMAINING ORDINARY SHARES IN PLS ("PLS SHARES") NOT ALREADY HELD BY THE OFFEROR INCLUDING ANY NEW PLS SHARE THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSING DATE OF THE OFFER ARISING FROM THE EXERCISE OF ANY OF THE 10-YEAR WARRANTS 2020/2030 ISSUED BY PLS ("PLS WARRANTS") ("OFFER SHARES"); AND (II) ALL THE REMAINING PLS WARRANTS NOT ALREADY HELD BY THE OFFEROR ("OFFER WARRANTS"), FOR A CASH OFFER PRICE OF RM0.95 PER OFFER SHARE AND RM0.15 PER OFFER WARRANT RESPECTIVELY ("OFFER")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3109414

Attachments PLS Plantation (IAC)(BURSA).pdf

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	35,288	25,351	57,222	43,067
2	Profit/(loss) before tax	7,392	2,007	11,415	-1,908
3	Profit/(loss) for the period	5,298	1,066	8,106	-2,508
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,944	989	6,136	-1,389
5	Basic earnings/(loss) per share (Subunit)	1.12	0.28	1.75	-0.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5611		0.5351

PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	198501000052 (132493-D)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	01 Dec 2020	2,358,700	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction
2	02 Dec 2020	5,783,100	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Unconditional Mandatory Take-Over Offer by Ekovest Berhad
Nature of interest	Direct Interest
Direct (units)	243,388,100
Direct (%)	67.012
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	243,388,100
Date of notice	03 Dec 2020
Date notice received by Listed Issuer	03 Dec 2020

PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	198501000052 (132493-D)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	08 Dec 2020	27,590,800	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction
2	09 Dec 2020	2,036,000	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Unconditional Mandatory Take-Over Offer by Ekovest Berhad
Nature of interest	Direct Interest
Direct (units)	278,008,800
Direct (%)	76.544
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	278,008,800
Date of notice	10 Dec 2020
Date notice received by Listed Issuer	10 Dec 2020

PLS PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name	EKOVEST BERHAD
Address	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak Kuala Lumpur 53000 Wilayah Persekutuan Malaysia.
Company No.	198501000052 (132493-D)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	10 Dec 2020	10,365,700	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction
2	11 Dec 2020	2,732,100	Acquired	Direct Interest
	Name of registered holder	EKOVEST BERHAD
	Address of registered holder	Ground Floor, Wisma Ekovest No. 118, Jalan Gombak 53000 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Unconditional Mandatory Take-Over Offer by Ekovest Berhad
Nature of interest	Direct Interest
Direct (units)	291,106,600
Direct (%)	80.15
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	291,106,600
Date of notice	14 Dec 2020
Date notice received by Listed Issuer	14 Dec 2020

Notice of Person Ceasing (Section 139 of CA 2016)

PLS PLANTATIONS BERHAD

Particulars of Substantial Securities Holder

Name	DATO' LIM KANG POH
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	DATO' LIM KANG POH
Date of cessation	09 Dec 2020

No of securities disposed	20,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Unconditional Mandatory Take-Over Offer by Ekovest Berhad
Nature of interest	Direct Interest
Date of notice	14 Dec 2020
Date notice received by Listed Issuer	14 Dec 2020

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF THREE (3) PARCELS OF FREEHOLD LANDS MEASURING APPROXIMATELY 14.81 ACRES IN AGGREGATE ALL SITUATED  IN MUKIM GALI, DAERAH RAUB, PAHANG, FROM KIT MING SAWMILL SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RINGGIT MALAYSIA ELEVEN MILLION FIVE HUNDRED THOUSAND ONLY (RM11, 500,000.00) (PROPOSED ACQUISITION)
The Board of Directors of PLS (“Board”) wishes to announce that its wholly-owned subsidiary, Ikhlasi Bina Sdn Bhd (“IBSB” or “Purchaser”), had on 18 December 2020 entered into a sale and purchase agreement with Kit Ming Sawmill Sdn Bhd (“KMSSB” or the “Vendor”) in relation to the Proposed Acquisition for a total purchase consideration of Ringgit Malaysia Eleven Million Five Hundred Thousand (RM11,500,000.00) only (“Purchase Consideration”) to be satisfied entirely by cash (“SPA”). The Proposed Acquisition is in line with the expansion plans of PLS and its subsidiaries (“PLS Group” or “Group”) into the durian cultivation, plantation, production, distribution and related businesses (“Durian Business”). Please refer to the attached document for further details. This announcement is dated 18 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3115106

Attachments PLS - Raub Acquisition Annoucement.pdf

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	PLS PLANTATIONS BERHAD ("PLS" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PLS
On behalf of the Board of Directors of PLS, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of the Company in the following manner: (i) proposed placement of 19,000,000 new ordinary shares in PLS (“PLS Shares”), representing approximately 5.23% and 3.61% of the total number of issued shares of the Company under the Minimum Scenario and Maximum Scenario (as detailed in the attached Announcement) respectively, to Dato’ Sri Mohamed Nazir bin Abdul Razak (“Subscriber”) at an issue price of RM0.95 per PLS Share vide a conditional share subscription agreement entered into between the Company and the Subscriber on 22 January 2021; and (ii) proposed placement of up to 33,605,000 new PLS Shares, representing up to 6.39% of the total number of issued shares of the Company under the Maximum Scenario, to other independent third party investors to be identified at a later date at an issue price to be determined (collectively referred to as the “Proposed Placement”). Further details of the Proposed Placement are set out in the attachment below. This Announcement is dated 22 January 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3123292

Attachments PLS Plantations Berhad - Announcement (22 January 2021).pdf

PLS PLANTATIONS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PLS PLANTATIONS BERHAD
No. of shares issued under this corporate proposal	19,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.9500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	382,200,000
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 119,302,413.000
Listing Date	26 Jan 2021

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	49,846	35,288	49,846	0
2	Profit/(loss) before tax	15,008	7,392	15,008	0
3	Profit/(loss) for the period	11,014	5,298	11,014	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,988	3,944	7,988	0
5	Basic earnings/(loss) per share (Subunit)	2.00	1.12	2.00	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6368		0.6168

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PLS PLANTATIONS BERHAD

Date of change	01 Jul 2022
Name	MR LEE HUN KHENG
Age	45
Gender	Male
Nationality	Malaysia
Designation	Group Chief Executive Officer
Directorate	Executive
Type of change	Others
Description	Mr. Lee Hun Kheng is an Executive Director, now also appointed as Group Chief Executive Officer

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Mechanical Engineering	University of Monash, Melbourne, Australia

Working experience and occupation	As previously announced.
Family relationship with any director and/or major shareholder of the listed issuer	Mr. Lee Hun Kheng is a nephew of Tan Sri Dato' Lim Kang Hoo and Tan Sri Dato' Lim Kang Yew, cousin to Mr. Lim Chen Herng and Mr. Lim Dian Piang.
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	37,485,000 warrants (indirect)

Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE - PLS PLANTATIONS APPOINTS LEE HUN KHENG AS GROUP CEO TO ADVANCE BUSINESS TRANSFORMATION
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3273052

Attachments Press Release - PLS Plantations appoints Group CEO Lee Hun Kheng.pdf

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	PLS PLANTATIONS BERHAD ("PLS" OR "COMPANY")PROPOSED PLACEMENT OF UP TO 56,237,000 NEW ORDINARY SHARES IN PLS (PLS SHARES OR SHARES), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES
On behalf of the Board of Directors of PLS (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) and Astramina Advisory Sdn Bhd (“Astramina Advisory”) wish to announce that the Company proposes to undertake a placement of up to 56,237,000 new PLS Shares (“Placement Shares”), representing 10% of the total number of issued PLS Shares in the following manner: proposed placement of 10,000,000 new PLS Shares, representing 1.78% of the total number of issued PLS Shares (under the Maximum Scenario), to Tan Sri Dato’ Sri (Dr.) Mohamad Norza Bin Zakaria (“TS Norza”) at an issue price of RM0.95 per PLS Share pursuant to a conditional subscription agreement entered into between the Company and TS Norza on 25 January 2023; proposed placement of 5,000,000 new PLS Shares, representing 0.89% of the total number of issued PLS Shares (under the Maximum Scenario), to Tan Sri Shahril Ridza Bin Ridzuan (“TS Shahril”) at an issue price of RM0.95 per PLS Share pursuant to a conditional subscription agreement entered into between the Company and TS Shahril on 25 January 2023; proposed placement of 5,000,000 new PLS Shares, representing 0.89% of the total number of issued PLS Shares (under the Maximum Scenario), to Mirus Holdings Sdn Bhd (“Mirus”) at an issue price of RM0.95 per PLS Share pursuant to a conditional subscription agreement entered into between the Company and Mirus on 25 January 2023; proposed placement of 3,000,000 new PLS Shares, representing 0.53% of the total number of issued PLS Shares (under the Maximum Scenario), to Dato’ Eric Tan Chwee Kuang (“Dato’ Eric Tan”) at an issue price of RM0.95 per PLS Share pursuant to a conditional subscription agreement entered into between the Company and Dato’ Eric Tan on 25 January 2023; proposed placement of 2,000,000 new PLS Shares, representing 0.36% of the total number of issued PLS Shares (under the Maximum Scenario), to Thien Chiet Chai (“TCC”) at an issue price of RM0.95 per PLS Share pursuant to a conditional subscription agreement entered into between the Company and TCC on 25 January 2023; and proposed placement of up to 31,237,000, representing 5.55% of the total number of issued PLS Shares (under the Maximum Scenario), to third party investor(s) to be identified (“Proposed Placement to 3rd Parties”), (collectively referred to as “Proposed Placement”). Please refer to the amended attachment for details of the Proposed Placement which remained unchanged. However, the watermark ‘draft’ has been removed. This announcement is dated 25 January 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3323757

Attachments Amended Attachment (25 Jan).pdf

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	PLS PLANTATIONS BERHAD ("PLS" OR "COMPANY")PROPOSED PLACEMENT OF UP TO 56,237,000 NEW ORDINARY SHARES IN PLS ("PLS SHARES" or "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES ("PROPOSED PLACEMENT")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement in relation to the Proposed Placement dated 25 January 2023 and 26 January 2023) INTRODUCTION We refer to the Company’s announcements dated 25 January 2023 and 26 January 2023 in relation to the Proposed Placement (“Announcements”). Further to the Announcements, on behalf of the Board, Maybank IB and Astramina Advisory wish to announce that the Company proposes to undertake the second tranche of the Proposed Placement (“Second Tranche Placement”) in the following manner: (a) proposed placement of 10,000,000 new PLS Shares, representing 2.5% of the total number of issued PLS Shares as at the date of this Announcement, to TIZA Global Sdn Bhd (“TIZA Global”) at an issue price of RM1.00 per PLS Share (“Second Tranche Subscription Price”) pursuant to a conditional subscription agreement entered into between the Company and TIZA Global on 2 February 2023 (“Subscription Agreement 1”); and (b) proposed placement of 4,965,600 new PLS Shares, representing 1.24% of the total number of issued PLS Shares as at the date of this Announcement, to Datuk Abdul Ghani Bin Abdullah (“Datuk Abdul Ghani”) at the Second Tranche Subscription Price pursuant to a conditional subscription agreement entered into between the Company and Datuk Abdul Ghani on 2 February 2023 (“Subscription Agreement 2”). (TIZA Global and Datuk Abdul Ghani shall collectively be referred to as “Second Tranche Subscribers” and the Subscription Agreement 1 and Subscription Agreement 2 shall collectively be referred to as “Second Tranche Subscription Agreements") The Second Tranche Subscription Price at RM1.00 per Placement Share represents a discount of approximately 9.56% to the 5-day VWAMP of PLS Shares up to and including 31 January 2023, being the last market day immediately preceding this Announcement of RM1.1057. Please refer to the attachment herewith for the salient terms of the Second Tranche Subscription Agreements. Separately, on behalf of the Board, Maybank IB and Astramina Advisory also wish to announce that Bursa Securities has, vide its letter dated 31 January 2023 (which was received today), approved the application for the listing and quotation of up to 56,237,000 Placement Shares on the Main Market of Bursa Securities, subject to, amongst others, the following conditions: PLS and Maybank IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Placement; Maybank IB to inform Bursa Securities upon the completion of the Proposed Placement; and Maybank IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed; 2. INFORMATION ON TIZA GLOBAL TIZA Global was incorporated under the name of Impresif Enau Sdn Bhd on 26 September 2002 in Malaysia under the Companies Act 1965 and is deemed registered under the Companies Act 2016 as a private limited company. TIZA Global changed its name to Citaglobal Sdn Bhd on 7 November 2003 and assumed its present name – TIZA Global Sdn Bhd on 21 February 2022. TIZA Global is principally involved in the provision of consultancy services, investment holding, property management and trading in equity instruments. As at the date of this Announcement, the issued share capital of TIZA Global is RM3,100,000 comprising 3,100,000 ordinary shares. Tan Sri Dato’ Sri (Dr.) Mohamad Norza Bin Zakaria is the sole director and sole shareholder of TIZA Global. 3. INFORMATION ON DATUK ABDUL GHANI Datuk Abdul Ghani is the founder and director of Asiaspace Broadband Sdn Bhd (“Asiaspace Broadband”), a broadband wireless access (“BWA”) service provider and Kuala Sentral Point Sdn Bhd, an investment holding company which recently purchased Bangunan AHP, a four storey commercial building sitting on a 2 acres freehold land located in the prime location, Taman Tun Dr. Ismail (KL), from AmanahRaya Trustees Bhd. Asiaspace Broadband was allocated the 2300MHz (2300MHz-2330MHz) spectrum band on 20 December 2012 by Malaysia Communications and Multimedia Commission to offer BWA services, and has entered into a collaboration with YTL Communications Sdn Bhd for sharing of spectrum to jointly rollout BWA services. As at the date of this Annoucement, Datuk Abdul Ghani does not hold any securities in PLS. Datuk Abdul Ghani also does not have any family relationship with any Director and/or substantial shareholder of the Company. 4. DOCUMENTS AVAILABLE FOR INSPECTION The Second Tranche Subscription Agreements are available for inspection during the normal office hours at the registered office of the Company at Unit 9-01, Level 9, Menara TSR, No.12, Jalan PJU 7/3, Mutiara Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this Announcement. This Announcement is dated 2 February 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3325434

Attachments Appendix - Salient terms of Second Tranche SA.pdf

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Type	Announcement
Subject	OTHERS
Description	PLS PLANTATIONS BERHAD ("PLS" OR "THE COMPANY")HEADS OF AGREEMENT BETWEEN PLS LESB SDN BHD, MILLENNIUM AGRICULTURE TECHNOLOGY SDN BHD AND MYFARM, INC., JAPAN
The Board of Directors of PLS wishes to announce that our 51%-owned entity, PLS LESB Sdn Bhd (“PLS-LESB”), had on 13 January 2023 entered into a heads of agreement (“HOA”) with Millennium Agriculture Technology Sdn Bhd (“MAT”) and MYFARM, Inc., Japan in relation to the proposed investment by MAT of up to 49% equity interest in a wholly-owned subsidiary of PLS-LESB in various tranches. Details are as per attachment.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3321767

Attachments Heads of Agreement.pdf

Type	Announcement
Subject	OTHERS
Description	PLS PLANTATIONS BERHAD ("PLS" OR "THE COMPANY")HEADS OF AGREEMENT BETWEEN PLS LESB SDN BHD, MILLENNIUM AGRICULTURE TECHNOLOGY SDN BHD AND MYFARM, INC., JAPAN ("HOA")
Reference is made to the announcement made on 16 January 2023 in relation to the HOA (“Announcement”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement. The Company wishes to announce that MAT has paid the refundable earnest deposit of RM3,635,800 under the HOA on 27 January 2023, which the said sum has been cleared into the bank account of the stakeholder of PLS-LESB on 7 February 2023. Pursuant to the HOA, the Parties intend to execute the relevant definitive agreements in respect of the Proposed Co-Investment and the joint venture partnership between the Parties within four (4) weeks from the execution of the HOA, with an automatic extension of four (4) weeks, or such further extension of time as the Parties may mutually agree upon. This announcement is dated 7 February 2023

Type	Announcement
Subject	OTHERS
Description	PLS PLANTATIONS BERHAD ("PLS" OR THE "COMPANY")PROPOSED CO-INVESTMENT BETWEEN PLS LESB SDN BHD, MILLENNIUM AGRICULTURE TECHNOLOGY SDN BHD AND MYFARM, INC., JAPAN
This is a voluntary announcement made by the Company. Reference is made to the Company’s announcements dated 16 January 2023 and 7 February 2023. The Board wishes to announce that the Company via PLS LESB Sdn Bhd (“PLS-LESB”) (a 49% associate company of PLS) has entered into a joint venture cum shareholders’ agreement with Millennium Agriculture Technology Sdn Bhd (“MAT”), MYFARM, Inc Japan (‘MYFARM”) and Akar Barat Jaya Sdn Bhd (being the “JVC”) to regulate their respective rights as shareholders of the JVC and to govern the management and operation of the JVC (“the Joint Investment”). The Joint Investment was inked pursuant to the Head of Agreement executed on 13 January 2023. MAT / MYFARM have committed to co-invest with PLS-LESB for up to RM210 million (approximately USD48 million) over 5 tranches to undertake a large-scale 1,000 hectares of intercropping and durian cultivation project in Pahang, Malaysia (“the Project”). MAT / MYFARM had provided a deposit of RM3.63 million on 27 January 2023.  The sum to be paid for each tranche of 200 hectares of the Project is RM42 million. The entire JVC is valued at approximately RM429 million. MAT & MYFARM is expected to complete the first tranche of the investment in JVC on or before 30 April 2023, with an automatic extension of 14 days, where any further extension(s) following the first extension shall be granted at PLS-LESB’s sole discretion. The subscription price for each tranche of the subscription of JVC Shares may be adjusted subject to the parties’ mutual agreement. In addition, the JVC had on the even date entered into an offtake agreement with Dulai Fruits Enterprise Sdn Bhd (“Dulai Fruits”) (an indirect 70%-owned subsidiary of PLS) (“Offtake Agreement”) in respect of the sell and purchase of all of the harvests produced from the Project. Dulai Fruits had an exclusive distribution agreement with COFCO Food Import Co. Ltd, the import and distribution subsidiary of China Oil and Foodstuffs Corporation (“COFCO”), Shanghai. COFCO is China’s leader in the agricultural and food industry and a world leading agri-product trader with a global footprint with fully integrated value-chain. It is also China’s largest food processor, manufacturer, and trader. The Joint Investment in the JVC is expected to pave way for the Japanese technology transfer and participation in Malaysia’s long-term food security program, in line with PLS’s vision in transforming into a Malaysia’s Leading Sustainable Agrofood Company. Along with the Project, MYFARM will provide agricultural technology such as cultivation support to the Project as well as supporting profitable businesses incidental to the Project. PLS believes that the joint venture partnerships between the parties through the JVC will be an integral part for bilateral technological and expertise exchange that will further enhance and upscale the Company’s core competencies in producing export-quality agricultural, aquacultural and meat products for the food securities program. The Joint Investment will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the Company as the Joint Investment does not involve the issuance of new ordinary shares in PLS. The Joint Investment is expected to contribute positively to the consolidated net assets, consolidated earnings, and earnings per share of PLS through the share of results of associate company ie: PLS-LESB upon materialization of the Project. Kindly refer to the Press Statement of the Company Titled “PLS INKS RM210 MILLION INVESTMENT WITH JAPAN, MYFARM” as attached. This announcement is dated 5 March 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3334510

Attachments Press Statement (05.03.2023).pdf

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	PLS PLANTATIONS BERHAD ("PLS" OR "THE COMPANY")MEMORANDUM OF UNDERSTANDING BETWEEN SHENZHEN SHENYUE JOINT INVESTMENT CO. LTD. ("SHENZHEN SHENYUE INVESTMENT"), ISKANDAR WATERFRONT HOLDINGS SDN. BHD. ("IWH") AND PLS
The Board of Directors of PLS (“Board”) wishes to announce that on 5 March 2024, ShenZhen Shenyue Investment, IWH and the Company (collectively, the “Parties”) had entered into a memorandum of understanding (“MOU”) in relation to a proposed strategic collaboration for the development and implementation of Johor – Shenzhen Industrial Park and Innovation Hub project (“Project”) to enhance the international competitiveness of its industries within the State of Johor, Malaysia (“Proposed Collaboration”). ShenZhen Shenyue Investment is a wholly-owned subsidiary of Shenzhen Investment Holding Co. Ltd., a Fortune 500 company. ShenZhen Shenyue Investment has rich experience in overseas industrial park investment, development, operation management, and supporting services. IWH, a public-private partnership (PPP) company involving the Johor State Government, is a master developer and investment holding company established with comprehensive experience in property development, property investment and constructions. PLS group is the land owner of one of the identified locations for the Johor – Shenzhen Industrial Park and Innovation Hub. The purpose of the MOU is to formalise the intention of the Parties to explore further, discuss, prepare and plan the going forward actions for the development of the Project in the State of Johor, Malaysia with the following objectives: To enhance the international competitiveness of industries within Johor – Shenzhen Industrial Park; To implement development strategies focusing on manufacturing quality engineering, ecosystem expansion projects, and opening international markets; and To foster the development of strategic emerging industries in alignment with the outlined industry and technologies. Pursuant to the MOU, the Parties mutually agree to explore including but not limited to the following cooperation directions: Industrial Parks: To construct an industrial park to provide companies with offices and production facilities, as well as related support services, to promote industrial development and collaboration. Johor – Shenzhen Innovation Development Hub: Establishing an innovation development center to provide resources and support for innovative activities and research projects in Johor. The MOU is effective immediately from the date of execution of the MOU and shall remain in effect for period of twelve (12) months from the date of the MOU unless earlier mutual termination by the Parties or any extended period to be mutually agreed between the Parties. The Parties agree to enter into final definitive agreements for the Proposed Collaboration upon the Parties have agreed to proceed further with implementation of the Project. This announcement is dated 5 March 2024.