Lotus KFM ventures into logging business with RM21.65mil deals


Lotus KFM said its wholly-owned subsidiary Lotus Plantation Sdn Bhd last Friday inked a deal to buy Ladang Lojing Sdn Bhd from Lee Lip Khang, Datuk Roshaimi Razak and Kho Sau Hong for RM9.17mil cash.

KUALA LUMPUR: Lotus KFM Bhd has proposed to buy two companies with rights over forest reserve land in Perak and Kelantan for RM21.65mil cash.

The group said its wholly-owned subsidiary Lotus Plantation Sdn Bhd last Friday inked a deal to buy Ladang Lojing Sdn Bhd from Lee Lip Khang, Datuk Roshaimi Razak and Kho Sau Hong for RM9.17mil cash.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!
   

Next In Business News

Oil settles higher on Mideast supply concerns
MAA to sell entire stake in Turiya for RM53mil
Tesla’s plan for affordable cars takes page from Detroit rivals
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Rising data centre ability
CMM seeks feedback on Sector Guides for ESG disclosures
Making scents of success
Blackstone, KKR mortgage REITs stung by office debt challenges
Sapura Energy takes a step to turn the tide

Others Also Read