PETALING JAYA: WTK Holdings Bhd
plans to sell three adjoining oil palm estates in Miri, Sarawak for RM221.5mil cash as part of a portfolio optimisation exercise aimed at improving operational efficiency and strengthening its financial position.
The proposed disposals involve its stakes in Positive Deal Sdn Bhd, the Biogreen Estate and the Borneo Estate, which is expected to generate an estimated net pro-forma gain of RM86.6mil.
