PPB to up capex to RM420m


PPB Group Bhd yesterday said it was increasing its capital expenditure by RM70mil to RM420mil to acquire and develop more plantation land. 

“We must continue to expand to increase turnover and reduce indirect cost,” said chairman Oh Siew Nam after the company's AGM in Kuala Lumpur yesterday. 

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

Positive outlook for ringgit this year
CGS MY rebrands, targets to hit over RM300mil revenue by 2027
Prime residential, KL city submarket expected to stay dynamic - JLL Malaysia
JD Sports to buy US rival Hibbett in US$1.08bil sportswear retail deal
Gold prices hit 2-1/2-week low as Middle East tensions ease
Oil prices stabilise, Middle East tensions remain in focus
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
More funding needed for developers
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
Cypark's LSS3 hybrid solar plant achieves initial operations

Others Also Read