KUB plans to exit oil palm plantation business in Sarawak


KUALA LUMPUR: KUB Malaysia Bhd is targeting to dispose some of its assets, including oil palm plantation land and a mill in Sarawak, to improve cash flow.

President and managing director Datuk Abdul Rahim Mohd Zin (pic) said the group was in advanced stages of disposing its palm oil mill, KUB Maju Mill Sdn Bhd.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Kub , oil palm , exit , plantation , business , Sarawak , Abdul Rahim ,

   

Next In Business News

Wall St set to open higher as Fed allays rate-hike concerns
Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale

Others Also Read