More oil palm land for Subur Tiasa

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.