PETALING JAYA: Sawarak Oil Palms Bhd has proposed to acquire Shin Yang Oil Palm (Sarawak) Sdn Bhd (SYOP) from Shin Yang Holdings Sdn Bhd (SYHSB) for a total cash consideration of RM873mil.
“The company had entered into a conditional share sale agreement with SYHSB to acquire the entire equity interest in the issued and paid-up share capital of SYOP from the vendor for RM284.4mil and assume the inter-company balances owing by SYOP to Shin Yang Forestry Sdn Bhd, all for a total cash consideration of RM873mil,” it said in its filing with Bursa Malaysia yesterday.
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