PETALING JAYA: Ta Ann Holdings Bhd which came under scrutiny for its proposed purchase of Agrogreen Ventures Sdn Bhd, has defended the deal saying that the acquisition price was “fair” compared with other recently-transacted oil palm estates in Sarawak.
Sibu-based timber and oil palm player Ta Ann is paying RM211.14mil for a 100% stake in Agrogreen, which has 5,280ha of brownfield plantation land in Stungkor, Sarawak.
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