Malaysian palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 percent drop
KUALA LUMPUR: Boustead Plantations Bhd
is selling part of its oil palm estate in Penang for RM136mil cash, reaping a huge profit that the company said it will use to repay loans taken for acquisition of new plantation land.
The planter, in a filing with Bursa Malaysia today, said it had entered into two separate sale and purchase agreements (SPAs) with two private companies for the disposal of three parcels of land totaling 138.9 hectares in Seberang Perai Utara.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
