PETALING JAYA: Idaman Unggul Bhd has proposed to dispose of its timber concession to Sparkle Scheme Sdn Bhd that would pay it RM350mil from the cashflow obtained from operating the concession.
Idaman's timber concession is held in a special purpose vehicle (SPV), Lambang Pertama Sdn Bhd, which would be sold to Sparkle Scheme.
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