KUB plans to exit oil palm plantation business in Sarawak

KUALA LUMPUR: KUB Malaysia Bhd is targeting to dispose some of its assets, including oil palm plantation land and a mill in Sarawak, to improve cash flow.

President and managing director Datuk Abdul Rahim Mohd Zin (pic) said the group was in advanced stages of disposing its palm oil mill, KUB Maju Mill Sdn Bhd.