Oriental set to spend RM1.2bil to buy plantation companies, estates

KUALA LUMPUR: Oriental Holdings Bhd (OHB) has entered into a series of deals to acquire shares of plantation companies and buy estates worth a total of RM1.2 billion ringgit.

In a filing with Bursa Malaysia, the conglomerate said the supplemental share sale agreements (SSAs) are to acquire the remaining equity interests in three plantation companies, namely Selasih Permata Sdn Bhd (SPSB), Oriental Boon Siew (Mauritius) Pte Ltd (OBS (M) and Southern Perak Plantation Sdn Bhd (SPP).