KUALA LUMPUR: TDM Bhd
has accepted an offer from Ikhasas Sdn Bhd to acquire two loss-making Indonesian subsidiaries for RM115 million.
In a statement today, TDM said the loss-making subsidiaries, namely PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezeki Abadi (SRA), have been unprofitable since its first year of production, while SRA has not commenced any operations since its acquisition by the group in 2015.
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