Far East buys oil palm estate from Harn Len
“The proposed acquisition demonstrates the board’s initiative in pursuing continued growth and sustainability of the business,” Far East said in a filing with Bursa Malaysia.
PETALING JAYA: Far East Holdings Bhd 
has entered into a RM182.99mil deal with another listed company – Harn Len Corp Bhd – to acquire an oil palm estate in Rompin, Pahang.
Far East said the exercise is in line with its expansion plan, and would broaden its core income base through increased plantation acreage at a reasonable cost and at a strategic location.
“The proposed acquisition demonstrates the board’s initiative in pursuing continued growth and sustainability of the business,” it said in a filing with Bursa Malaysia.
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