NPC Resources disposes of palm oil land

PETALING JAYA: NPC Resources Bhd is disposing of 13 parcels of palm oil agriculture lands measuring 7,505 acres in the District of Labuk and Sugut, Sabah, to Tamaco Plantation Sdn Bhd for a total of RM165mil.

In a filing with Bursa Malaysia, NPC Resources said Tamaco Plantation had accepted the letters of offer to sell the lands from the former’s three subsidiaries, namely Berkat Setia Sdn Bhd, Bonus Indah Sdn Bhd and Kian Merculaba Sdn Bhd.