PETALING JAYA: Sime Darby Plantation Bhd
’s wholly owned unit, New Britain Palm Oil Ltd (NBPOL), has acquired two oil palm estates in Markham Valley, Papua New Guinea, for US$52.6mil (RM215.6mil).
The company said NBPOL had completed the purchase of Markham Farming Co Ltd (MFCL) from Singapore-based Markham Agro Pte Ltd on Aug 23. Under the deal, NBPOL will also assume the two companies’ outstanding debts amounting to US$11mil.
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