Fima to acquire land for RM52mil

TheStar Tue, Sep 29, 2020 08:10am - 6 months ago


The oil palm plantation and security printing group said the proposed acquisition of the land from PMBK Sawit Sdn Bhd represented an opportunity for Fima to acquire brownfield plantations and expand its plantation landbank.

KUALA LUMPUR: FIMA Corp Bhd is proposing to buy two parcels of leasehold plantation land measuring 3,237ha in Gua Musang, Kelantan, for RM51.5mil.

The oil palm plantation and security printing group said the proposed acquisition of the land from PMBK Sawit Sdn Bhd represented an opportunity for Fima to acquire brownfield plantations and expand its plantation landbank.

β€œIt is envisaged that the acquisition would enable Fima to develop and establish its own palm oil mill in the medium term, ” it said. β€” Bernama






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