Kretam in palm oil deal


PETALING JAYA: Kretam Holdings Bhd is teaming up with Rikaworth Sdn Bhd and Sawit Bulkers Sdn Bhd to venture into a RM40.46mil palm oil bulking station in Sandakan, Sabah.

Kretam said in a filing with Bursa Malaysia it had inked a conditional bulking joint venture agreement with the two parties to venture into palm oil common bulking installations for palm oil and related products together with a system of pipe racks.

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