KUALA LUMPUR: Greenyield Bhd has proposed a deal, deemed as a related party transaction, to pay up to RM87.8mil for a 65% stake in Greenyield Rubber Holdings (M) Ltd or GRHM in Papua New Guinea (PNG).
The proposed deal was inked with Greenyield Holdings Sdn Bhd (GHSB), Premium Commodities Sdn Bhd, Tham Foo Keong, Tham Foo Choon, Tham Kin-On and Foong Sai Cheong who are collectively referred to as the vendors.
Upon completion of the deal, GHSB will hold the remaining 35% stake in GRHM.
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