KOTA KINABALU: Priceworth International Bhd
says Forest Management Unit 5 (FMU5) has been valued at RM433.8mil, significantly more than the RM260mil price it is paying for its proposed acquisition of the FMU 5 timber concession comprising a net concession area of 88,920ha.
The timber and sustainable forestry group also holds a cash option that could further reduce the acquisition price to RM235mil if exercised, it said in a circular to shareholders yesterday.
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