Greenyield secures shareholders’ approval to buy asset in PNG


KUALA LUMPUR: Greenyield Bhd has obtained approval from its shareholders at an EGM to acquire a 65% equity interest in Greenyield Rubber Holdings (M) Ltd (GRHM) for RM87.8mil.

In a statement, the horticultural specialist said GRHM is an investment holding company and serves as an agent to market and sell rubber and rubber wood, while its subsidiaries are principally involved in the extraction, processing, and supply of rubber as well as agriculture.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

MPay gets Bank Negara nod for Class A money services licence
MAHB passenger traffic soars 15.8% in 1H24
YX Precious gets SC approval for Main Market transfer
Majority shareholders to take Grand Central Enterprises private for 46 sen per share
SC cautions public on deepfake investment scams impersonating prominent figures and reputable companies
Bursa Malaysia slumps as over 1,000 stocks drop; Biden’s exit adds to uncertainty
Taiwan June export orders miss forecast, China demand weakens
Safe-haven gold edges up as Biden move sparks market uncertainty
PM Anwar: Subsidy rationalisation part of efforts to cut yearly borrowing to RM86bil in 2024
New strategies for water management

Others Also Read