RSB to sell Sarawak land for RM165mil


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

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

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Indonesia treads with care
Beauty lovers turn to TikTok and Amazon
Pricey beans�brew consumer shift
Guiding rural Thais to prosperity
Asia rides the dollar dip
EM optimism after stellar year
Trump travel ban adds to Caribbean woes
Philippine stocks set for recovery
Bull charges cautiously
Bursa’s quiet year sets stage for comeback

Others Also Read