Priceworth International to acquire plantations maintenance firm for RM46.67mil

KUALA LUMPUR: Priceworth International Bhd (PWI) and its wholly-owned subsidiary Maxland Energy Sdn Bhd will purchase the entire 100% equity interest in forest and plantations maintenance works company Meluz Azim Sdn Bhd for RM46.67mil.

In a filing with Bursa Malaysia, PWI said Melur Azim and and its subsidiaries are the owners of seven parcels of lands in Seguntor in Sandakan, Sabah, with a total area of 96.01 acres.