TDM completes 70% stake purchase of THP-YT

pIn a press release yesterday, TDM chairman Raja Datuk Idris Raja Kamarudin said the acquisition is part of the group’s overall strategy to improve the average age profile of the oil palms and reduce fluctuation in revenue.

PETALING JAYA: TDM Bhd has completed the acquisition of a 70% equity in THP-YT Plantation Sdn Bhd, effectively increasing TDM’s total planted area in Terengganu from 31,346 ha to 33,653 ha.

As THP-YT is now a subsidiary of the group, TDM now assumes control of the management and operations of the 2,594.5 ha Bukit Bidong Estate.