KOTA KINABALU: Priceworth International Bhd says Forest Management Unit 5 (FMU5) has been valued at RM433.8mil, significantly more than the RM260mil price it is paying for its proposed acquisition of the FMU 5 timber concession comprising a net concession area of 88,920ha.
The timber and sustainable forestry group also holds a cash option that could further reduce the acquisition price to RM235mil if exercised, it said in a circular to shareholders yesterday.
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!