Talam to venture into commercial melon farming 


KUALA LUMPUR: Property developer Talam Transform Bhd is planning to venture into commercial melon farming business.

The company has identified a 33.9 acres site in Ulu Yam, Selangor for the farming business.

Talam, in a filing with Bursa Malaysia today, said indirect wholly-owned subsidiary, Envy Vista Sdn Bhd had entered into a Shareholders Agreement with Smart Hybrid Resources Sdn Bhd (SHRSB) and Skyscraper Airhydro Industries Sdn Bhd (SAISB) to formalise and regulate their relationship with each other as shareholders in a joint venture Seaview Plantations Sdn Bhd.

"The Proposed Joint Venture will enable Talam to embark in the business of large scale sustainable modern commercial quality agriculture and farming on its existing land banks with no immediate potential for development, to both the local and international markets," it said.

The JV company has an issued and paid up capital of RM5.54mil, with Talam holding a 70% stake.

SHRSB will own the remaining 30% stake in the JV company.

SHRSB is in the business of agriculture/horticultural commercial farming and have the expertise, experience and track record and possesses the know-how and technology in large scale sustainable modern commercial - melon farming and marketing and sales of the melons, both locally and internationally.

Meanwhile SAISB is a farming, fertilizer, horticulture technology system, training and consultation company.

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Talam Transform , melon

   

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