Priceworth International Bhd executive director Richard Koo Jenn Man
TURNING in relatively negligible profit margins for the longest time, logging and wood product manufacturing firm Priceworth International Bhd
(PWI) is banking on its proposed acquisition of timber extraction and replanting rights of a forest reserve in Sabah to help boost margins and reward shareholders in the process.
The extraction and replanting rights are for the 101,161ha Trus Madi forest reserve in Sabah (also known as Forest Management Unit 5 or FMU5) and PWI plans to obtain these rights by buying the concession holder of the said rights for RM260mil.
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