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.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
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!