Rimbunan Sawit to dispose of five parcels of land in Sarawak for RM165mil

PETALING JAYA: Rimbunan Sawit Bhd (RSB) is disposing of five parcels of agricultural land collectively measuring 9.935 hectares in Miri, Sarawak, to Mahawangsa Sungai Bok Plantation Sdn Bhd totalling RM165mil.

In a filing with Bursa Malaysia, RSB said the group is undertaking the proposed disposals as part of its strategy to constantly evaluate its portfolio of investments and where possible, seek opportunities to unlock and realise the value of its investments for the benefit of the shareholders of RSB.