TSH unit to dispose of agricultural land

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

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

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