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