Dutaland to proceed with plantation sale

Dutaland Bhd shareholders approved the sale of its plantation assets in Sabah by its wholly-owned subsidiary Duta Plantations Sdn Bhd for RM750 million cash to Boustead Plantations Bhd.
 
In an exchange filing yesterday, Dutaland noted the 11,579.31 ha land was located in  Labuk-Sugut, Beluran and Tongod, Sabah.
 
RHB Investment Bank Bhd and MIDF Amanah Investment Bank Bhd said the disposal was reasonable and fair.

RELATED ARTICLES

Tuesday, June 14, 2022

Boustead Plantations to maximise replanting exercise, incorporates ESG goals