Sime Darby Plantation completes acquisition of Papua New Guinea's NBPOL


KUALA LUMPUR: Sime Darby Plantation (SDP), the plantation arm of Sime Darby Bhd, completed its acquisition of Papua New Guinea-based New Britain Palm Oil Ltd (NBPOL) on Monday, bringing its total land bank to almost one million hectares spread out over five countries.

Sime Darby told Bursa Malaysia that SDP would be focusing on integrating the operations of both companies over the next few months, adding that NBPOL was a strategic fit with its track record on sustainability.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Apollo Food quarterly revenue at RM75mil
YLPG sells two double-storey shops for RM1.7mil
Ge-Shen terminates JB land sale
UWC's 1Q net profit rises to RM17.11mil on higher order flows
Aeon Credit issues 11th senior sukuk worth RM200mil
Ringgit continues to climb against greenback ahead of US NFP data
BPMB provides RM97.63mil financing facility to Johor's Coronade Properties
GDB announces board realignment to head expansion into East Malaysia
Velesto divests NAGA 3 jack-up drilling rig for RM258mil
Bursa Malaysia closes higher for fourth consecutive session

Others Also Read