KUALA LUMPUR: PPB Group Bhd
has proposed to dispose of 51% equity interest in PT Pundi Kencana for RM87.5mil cash.
In a filing with Bursa Malaysia, it said Mantap Aman Sdn Bhd (MASB), an indirect 100%-owned subsidiary of PPB held via FFM Bhd, has entered into a conditional sale and purchase agreement (CSPA) with PT Sentratama Niaga Indonesia (SNI) and PT Wilmar Nabati Indonesia (WINA) for the proposed disposal.
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