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Corporate News

Genting Plantations to acquire 152 hectares in Indonesia for RM593mil for property development

KUALA LUMPUR: Genting Plantations Bhd plans to acquire two adjacent land parcels totalling 152 hectares in Indonesia for RM593mil from PT Sentul City TBK (PTSC) and its related companies.

In a filing with Bursa Malaysia, the plantation group said its indirect wholly-owned subsidiaries had entered into two conditional sale and purchase agreements (SPAs) for the proposed acquisition.

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Genting Plantations , Indonesia , property , Sentul City

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