WTK said a total of 3,390 ha of the land has been planted between 2012 and 2014, while another 1,123 ha is considered as unplantable area.
KUALA LUMPUR: WTK Holdings Bhd
is buying plantation land in Miri from Rimbunan Sawit Bhd for RM85mil cash, expanding its oil palm planted area by 39% from 8,662 ha to 12,052 ha.
“The property is strategically located adjacent to the group’s estates, allowing the group to have logistic and accessibility advantages as well as benefit from economies of scale through operational synergies, ” WTK said in a filing with Bursa Malaysia yesterday.
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