PPB OIL PALMS BHD said wholly owned Maxillion Ltd had agreed to acquire a 95% equity interest in PT Pukun Madiri Lestari while wholly owned Stephigh Pte Ltd would acquire the same in PT Alam Sawit Permai, each for 950mil rupiah (US$93,781).
Pukun has proposed to develop up to 19,000ha in Seruyan Regency, Kalimantan, into an oil palm plantation while Alam Sawit will develop 16,160ha in the same area. – Bernama
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