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PROPOSED ACQUISITION OF PLANTATION LAND BY EMPRESA (M) SENDIRIAN BERHAD (“EMPRESA”) FROM KINA JUARA SDN BHD (“KINA JUARA”) FOR A CASH CONSIDERATION OF RM13,397,310 (“PROPOSED ACQUISITION”)Further to the announcements dated 14 November 2007, 19 November 2007 and 29 November 2007, Empresa, the proposed subsidiary of CBIP pursuant to the conditional share sale agreements of the same dates, had on 17 December 2007 entered into a conditional sale and purchase agreement with Kina Juara Sdn Bhd (“Kina Juara”) to acquire four (4) pieces of land, each held under a separate document of title in the form of a Provisional Lease of State Land, in the proportion as set out below for a cash consideration of RM13,397,310 (“Kina Juara SPA”):-(i) Provisional Lease of State Land – C Bok Land District, Lot No. 00059 (“Lot 59”) (1610/1826 portion)*;(ii) Provisional Lease of State Land – C Bok Land District, Lot No. 00060 (“Lot 60”) (whole portion);(iii) Provisional Lease of State Land – C Sawai Land District, Lot No. 00070 (“Lot 70”) (whole portion); and(iv) Provisional Lease of State Land – C Bakong Land District, Lot No. 00200 (“Lot 200”) (whole portion)(KLSE 20-2-2008)
