MSM to buy refineries, downstream ops in Asean

Going downstream: Sheikh Awab and chief financial officer Raja Faridah Raja Ahmad at the AGM. He says plantations are risky and costly.

KUALA LUMPUR: With the prices of raw sugar getting cheaper, the time may be right for sugar refiners to go upstream and acquire sugar cane plantations to ensure their supply of raw material.

But MSM Malaysia Holdings Bhd is not keen to follow the route.