[ Back ]     [ Comments ]     [ Print ]

News Admin
 
Date
 29/09/2020
News Provider
 Norsaidatul Najwa Mohd Shaharmi
News Source
 The Edge Markets
Headline
 Fima proposes to acquire plantation land in GuaMusang for RM51 mil

The Edge Markets (28/09/2020) KUALA LUMPUR (Sept 28): Fima Corporation Bhd is proposing to buy two pieces of leasehold plantation land measuring 3,237 hectares (ha) in GuaMusang, Kelantan for RM51.5 million.

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


“It is envisaged that the acquisition would enable Fima to develop and establish its own palm oil mill in the medium term to enjoy better margins as opposed to selling fresh fruit bunches to third-party mills,” it said in a filing with Bursa Malaysia today.


The land had been partially developed, with 2,149.8 ha planted with oil palm and the remaining 1,087.5 ha unplanted, the company said. 


Read more at https://www.theedgemarkets.com/article/fima-proposes-acquire-plantation-land-gua-musang-rm51-mil

ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533