Nextgreen plans to sell pulp and paper to Marubeni

According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.

PETALING JAYA: Nextgreen Global Bhd has executed a letter of intent (LoI) to sell pulp and paper from its mill in Pahang to Japan-based Marubeni Corp.

In a filing with Bursa Malaysia yesterday, Nextgreen said a formal contract incorporating further details concerning the potential transaction and other terms would be prepared after further negotiations between Nextgreen and Marubeni.