Boustead Plantations plans to buy Sabah land for RM750mil


Deputy chairman cum group managing director Tan Sri Lodin Wok Kamaruddin(pic) said the company

PETALING JAYA: Boustead Plantations Bhd has proposed to acquire 11,600 ha of plantation land in Sabah from Pertama Land & Development Sdn Bhd for RM750mil.

The transaction, which is a cash consideration via its unit Boustead Rimba Nilai Sdn Bhd, will be for the 42 parcels of land located in the district of Labuk and Sugut, Sabah, and is inclusive of all movable fixed assets, machineries and vehicles located at the site.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trading ideas: PetDag, Atlan, Thong Guan, Maxim, Globetronics, 7-Eleven, Petron, DRB-Hicom, Dayang, MSM, Aeon, SunCon, UEM Sunrise
Oil rises 2% as Russia-Ukraine war escalates
Wall St ends higher as Dow, S&P hit one-week tops
Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America

Others Also Read