Vast land: Menara KUB in Kuala Lumpur. In total, the company owns 8,866ha of oil palm plantation area in Johor, Sabah and Sarawak.
OVER the last two weeks, KUB Malaysia Bhd
announced two sets of asset disposals that will see the company raise RM238mil.
That is no small sum for the company, considering that it amounts to more than KUB’s current market value, which stands at RM230mil. The RM238mil also works out to 42 sen per KUB share, which closed on Friday at 41 sen apiece.
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