KUALA LUMPUR: Chin Teck Plantations Bhd
's wholly-owned subsidiary VMAS Untung Sdn Bhd plans to acquire five million shares representing the entire equity interest in Fauzi-Lim Plantation Sdn Bhd for RM45mil cash.
The plantations group said a filing with Bursa Malaysia it had entered into a conditional share sale agreement with MWE Holdings Sdn Bhd to purchase FLP, whose principal activity is to manage and operate an oil palm plantation.
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