DutaLand has one year to identify new business


Yap: Just wait until the next extraordinary general meeting to get more details on the potential new businesses.

PETALING JAYA: Dutaland Bhd will have a year to identify a new business to anchor its listing status, if the proposed disposal of its plantations business receives the green light from shareholders.

With an additional RM750mil in hand, the company will become a cash-rich entity upon the disposal of its plantations in Sabah, which have been a cash cow for the group over the years.

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Business , Duta Land , new business , Sabah , plantation , palm oil ,

   

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