PPB allocates RM401mil capex to expand operations

KUALA LUMPUR: Investment holding and property investment company PPB Group Bhd is allocating RM401mil as capital expenditure (capex) to strengthen its core businesses over the next three years.

Managing director Lim Soon Huat said of its six business segments, the grains and agribusiness division would receive the biggest chunk at RM138mil for expansion purposes, including that of its flour mills in Pasir Gudang and Vietnam.