KUALA LUMPUR: DRB-Hicom Bhd
is buying 116 hectares of land in Alor Gajah, Melaka for RM240mil cash from Tradewinds Plantation Bhd, a company controlled by its major shareholder Tan Sri Syed Mokhtar Albukhary.
The proposed acquisition, DRB-Hicom said in a filing with Bursa Malaysia today, involved the purchase of a total of ten contagious parcels of oil palm plantation from Eksklusif Persona Sdn Bhd (EPSB).
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
