PPB on RM592mil expansion drive

KUALA LUMPUR: PPB Group Bhd has committed to spending up to RM592mil over the next two to three years to expand its businesses, which include grains trading, flour and feed milling, property investment and development, waste management and utilities, as well as film exhibition and distribution.

The bulk of the money, totalling some RM307mil, will be spent on its grains trading, flour and feed milling segment, with a large chunk going into flour mills in China as well as in other countries with high populations like Vietnam and Indonesia, said its managing director Lim Soon Huat.