Jakel and Harn Len deal a synergistic move

Harn Len is mainly engaged in oil palm plantations and property investment. The planting segment contributes nearly 99% of the group’s revenue.

PETALING JAYA: Harn Len Corp Bhd’s RM54.7mil acquisition of 4,053 acres of plantation land in Rompin, Pahang, in a deal with Datuk Mohamed Nizam Mohamed Jakel is a strategic move by both parties.

The land is currently planted with pineapple and oil palm. “Only about 20% of the land has been planted. It is a synergistic deal as Harn Len has the plantation industry expertise and experience, and can ramp up the planting of the land,” a source close to Jakel Group told StarBiz.