KUALA LUMPUR: Boustead Plantations Bhd (BPB) is eyeing to acquire 5,531.25 hectares of plantation land and a palm oil mill in Sandakan, as the group seeks to expand its estates in Sabah.
The company said its unit Boustead Rimba Nilai Sdn Bhd had issued a letter of intent (LOI) dated May 8 to Sit Seng & Sons for the proposed purchase. The market value of the land and palm oil mill was estimated at around RM433mil.
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