KUALA LUMPUR: Golden Pharos Bhd
's wholly-owned subsidiary GP Plywood Sdn Bhd has appointed GK Vest Sdn Bhd as the implementing partner and project operator in the development of a biochar production facility on 1.19 acres of land in Dungun, Terengganu.
GP Plywood is principally involved in the rental of buildings, plant and machinery, investment holding, trading woodchips and selling of logs.
In a stock exchange filing, the group said the project shall be based on a revenue-sharing arrangement whereby the operator shall be entitled to 80% of the net project revenue, and the owner to 20%.
Shares in Golden Pharos closed for trading at 17.5 sen a share, unchanged from the previous close after 36,600 units done.
