According to Subur Tiasa senior independent director Ngu Ying Ping the company may seek a renewal of the oil palm plantation licence to expand the oil palm plantation operation or venture into plantation of trees that would complement its timber operation.
KUCHING: Sibu-based timber firm Subur Tiasa Holdings Bhd
’s oil palm plantation area will rise by 48% to 17,875ha after completing the acquisition of Simunjan Estate located in southern Sarawak.
The company proposed to acquire the estate from Rimbunan Sawit Bhd for RM150mil cash.
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