PETALING JAYA: A company linked to Sarawak timber and media baron Tan Sri Tiong Hiew King is acquiring a 13.75% stake in Borneo Edible Oils Sdn Bhd (BEO) from two Main Market-listed companies, Subur Tiasa Holdings Bhd
and Rimbunan Sawit Bhd, for RM5.35mil cumulatively.
The acquiring company, Tiong Toh Siong Holdings Sdn Bhd (TTSH), is a major shareholder of both Subur Tiasa and Rimbunan Sawit.
