Ikhasas CPO to buy two Indonesian companies from TDM, minority shareholder for RM115mil

KUALA LUMPUR: TDM Bhd has accepted an offer from Ikhasas CPO Sdn Bhd to acquire equity interests in PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezeki Abadi (SRA).

It said the proposed disposal consists of 93.75 per cent and 95 per cent equity interests in RKA and SRA respectively from TDM as well as 6.25 per cent and 5 per cent equity interests in RKA and SRA, respectively from the minority shareholder for a total of RM115 million cash.