Sarawak firm eyes buying 60% in DD Pelita Plantation and Mutiara Pelita

palm oil

PETALING JAYA: Sarawak Oil Palms Bhd has proposed to acquire a 60% stake in DD Pelita Sebungan Plantation Sdn Bhd and Mutiara Pelita Genaan Plantation Sdn Bhd from Double Dynasty Sdn Bhd (DDSB) and Mutiara Hartabumi Sdn Bhd (MHSB) for RM134.9mil.

The acquisition is to be satisfied via 9.2 million ordinary shares of RM1 each in Sarawak Oil Palms and RM66.82mil in cash.