TSH's 90% unit to dispose of agricultural land for RM678.97mil cash

KUALA LUMPUR: TSH Resources Bhd's 90 per cent owned subsidiary, PT Bulungan Citra Persada (BCAP) is disposing of seven pieces of agricultural land in Kalimantan, Indonesia for RM678.97 million cash.

In a filing with Bursa Malaysia today, TSH said BCAP has signed a heads of agreement (HOA) with PT Kawasan Industri Kalimantan Indonesia (KIKI) and PT Kalimantan Industrial Park Indonesia (KIPI) for the proposed disposal.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
TSH , disposal , Bulungan Citra Persada , Kalimantan

Next In Business News
CIMB boosts customer protection with new biometric authentication in Octo App
IJM tumbles 5%, short selling suspended amid MACC probe
China set to keep rates steady for eighth month, some traders wager on Q1 easing
Gold, silver hit record highs as Trump-Greenland row sparks safety rally
Aeroline-Corus KLCC agreement ceases with hotel closure
Rupiah flirts with record lows on fiscal concerns, trade war risks
Asia's growing economic power shapes global derivatives market
Stocks, dollar take tariff hit; gold gets safety bid
Malaysian economy to stay resilient in 2026 on FDI, robust infrastructure investment- HSBC�
FBM KLCI slips as traders turn cautious on growing geopolitical tension

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.