FGV Integrated Farming acquires MSM Perlis

KUALA LUMPUR: Subsidiaries of FGV Holdings Bhd (FGV), MSM Malaysia Holdings Bhd (MSM) and FGV Integrated Farming Holdings Sdn Bhd (FGVIF) have entered into a binding term sheet on the respective disposal and acquisition of 100 per cent stake of MSM's wholly-owned subsidiary, MSM Perlis Sdn Bhd.

With an initial disposal consideration of RM175 million, the agreement is set to be completed by the third quarter of this year.