KUALA LUMPUR: Sarawak Oil Palms Bhd
(SOPB) has entered into a conditional share sale agreement with Shin Yang Holding Sdn Bhd (SYHSB), to acquire 40 per cent equity interests in SOP Plantations (Sabaju) Sdn Bhd (SOP Sabaju) for a cash consideration of RM45.88 million.
In a filing with Bursa Malaysia today, SOPB said the proposed acquisition involves the remaining 6.20 million shares in SOP Sabaju, adding that the purchase is expected to be completed by end of the second quarter of 2021.
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