Company Name

:

PPB GROUP BERHAD
Stock Name

:

PPB  
Date Announced

:

03/01/2012


Type

:

Announcement
Subject

:

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS

Description

:

PPB GROUP BERHAD ("PPB" OR "COMPANY")

PROPOSED ACQUISITION BY WAIKARI SDN BHD ("WAIKARI") OF 20% EQUITY INTEREST IN YIHAI KERRY (QUANZHOU) OILS, GRAINS & FOODSTUFFS INDUSTRIES CO, LTD ("YIHAI KERRY QUANZHOU") ("PROPOSED QUANZHOU ACQUISITION")

Announcement Details/Table Section :

We refer to the announcements dated 2 December 2010, 28 February 2011, 8 March 2011, 24 May 2011, 23 August 2011, 22 November 2011, 30 November 2011, 23 December 2011, 28 December 2011 and 30 December 2011 in relation to the potential acquisitions by Waikari, a wholly-owned subsidiary of FFM Berhad which in turn is a 80%-owned subsidiary of PPB, of 20% equity interests in selected subsidiaries of Wilmar International Limited in the People's Republic of China ("PRC").

PPB wishes to announce that Waikari has on 3 January 2012 received notification that the Certificate of Approval for Establishment of Enterprises with Foreign Investment in the PRC, and the Business Licence in respect of Yihai Kerry Quanzhou have been issued by the relevant PRC regulatory authorities on 31 December 2011.

This announcement is dated 3 January 2012.