KUB gets 99.9% shareholders’ nod to acquire Sabah land for RM100.4mil


KUB Malaysia president and group MD Datuk Abdul Rahim Mohd Zin(pic) said the land was expected to generate immediate revenue and contribute positively to the group

SHAH ALAM: KUB Malaysia Bhd received an almost unanimous 99.9% shareholders’ approval for the acquisition of a brownfield oil palm plantation land in Sabah.

Its unit KUB Malua Plantation Sdn Bhd will purchase 1,534 ha of leasehold land from a unit of Kwantas Corp Bhd for RM100.4mil.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , kub malaysia , land , property , Sabah ,

   

Next In Business News

A real need for local giants
Data centre boom - at watt cost?
Global momentum continues to lift Bursa Malaysia
Indonesia's Q1 GDP growth beats forecasts, at highest in 3 qtrs
Proton sales rise 17.1% in April
ECB rate cut case getting stronger, says chief economist Lane
Malaysia Book of Records appoints Christopher Wong as CEO
Oil nudges higher after Saudi Arabia hikes prices
China's services activity eases in April but still solid, Caixin PMI shows
No knee-jerk decline in Carlsberg sales following price hike

Others Also Read