The company told Bursa Malaysia yesterday that it had entered into a sale and purchase agreement with DutaLand to acquire a total of 11,579 ha of plantation land located in the districts of Labuk and Sugut for RM750mil.
PETALING JAYA: Boustead Plantations Bhd
will invest RM250mil over the next 10 years for replanting exercises and building new infrastructure at estates in Sabah that it is buying from Dutaland Bhd.
As it is, the fresh fruit bunch (FFB) yield from the targeted estates is significantly lower compared with the group’s average in Sabah.
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