Oriental to spend RM1.2bil to buy estates

Oriental said the supplemental share sale agreements are to acquire the remaining equity interests in three plantation companies, namely, Selasih Permata Sdn Bhd, Oriental Boon Siew (Mauritius) Pte Ltd and Southern Perak Plantation Sdn Bhd.

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 RM1.2bil.

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, Oriental Boon Siew (Mauritius) Pte Ltd and Southern Perak Plantation Sdn Bhd.