KUALA LUMPUR: KUB Malaysia Bhd is targeting to dispose some of its assets, including oil palm plantation land and a mill in Sarawak, to improve cash flow.

President and managing director Datuk Abdul Rahim Mohd Zin (pic) said the group was in advanced stages of disposing its palm oil mill, KUB Maju Mill Sdn Bhd.

“We will make an announcement in the next two to three months,” he told reporters on the sidelines of KUB shareholders meeting yesterday.

“The disposal would improve our cash-flow situation, especially since we have bank borrowings for the mill, and reduce our losses,” he added.

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