Malim Sawit palm oil mill finally sold

So, after 1 year 2 months (the sale was announced on the 26/10/07 and meant to be completed by 31/01/08) Malim Sawit's palm oil mill is finally sold. Unfortunately, no details are given as to why there was a delay of 1 year . The assumption is that the terms are the same, otherwise they would be misleading shareholders and withholding material information. The notice below gives notice to the Conditional Sale & Purchase Agreement dated 26/10/07, so it has to be the same one with the same terms. Well, this is good news. General Announcement

Reference No CP-090112-60520

Company Name	:	PREMIUM NUTRIENTS BERHAD
Stock Name	:	PREMIUM
Date Announced	:	12/01/2009

Type	:	Announcement
Subject	:	PROPOSED DISPOSAL OF OIL PALM MILL ASSETS
Contents	:	We refer to the Company's announcement dated 26 October 2007 wherein it was announced that the Company's wholly owned subsidiary, Malim Sawit Sdn. Bhd. ("MSSB") had on 26 october 2007 entered into a Conditional Sale & Purchase Agreement with Revenue Direction Sdn Bhd ("RDSB") for the proposed disposal of a palm oil mill together with the subdivided plots of land where the pam oil mill is situated and certain machineries and stocks. In this respect, Company wishes to announce that the proposed Sale and Purchase Agreement has been concluded .