Greenyield’s Papua New Guinea acquisition explained

Greenyield, which owns rubber plantations in Kelantan, also provides agricultural solutions as well as produces specialised plant pots that are largely exported. It was first listed on Mesdaq (now known as the ACE Market) in 2006 and subsequently migrated to the main board in 2012.

LOW-profile Greenyield Bhd recently made news when it proposed a related party transaction (RPT) that would see it fork out around RM88mil for more plantation land in far flung Papua New Guinea (PNG).

Greenyield, which owns rubber plantations in Kelantan, also provides agricultural solutions as well as produces specialised plant pots that are largely exported. It was first listed on Mesdaq (now known as the ACE Market) in 2006 and subsequently migrated to the main board in 2012.