Astral Asia to buy Sarawak oil palm land

PETALING JAYA: Astral Asia Bhd (AAB) plans to buy 35,000 acres of oil palm estate in Sarawak, a move the company said would increase the size of its plantation landbank by 357%.

The company yesterday signed a memorandum of agreement with Sima Properties Holdings Sdn Bhd to carry out further feasibility studies of this oil palm plantation for acquisition purposes.