Far East buys oil palm estate from Harn Len

?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: Far East Holdings Bhd has entered into a RM182.99mil deal with another listed company – Harn Len Corp Bhd – to acquire an oil palm estate in Rompin, Pahang.

Far East said the exercise is in line with its expansion plan, and would broaden its core income base through increased plantation acreage at a reasonable cost and at a strategic location.