TSH to promote RM712mil land in Kalimantan

PETALING JAYA: TSH Sources Bhd plans to eliminate land in north Kalimantan, Indonesia for a complete of RM711.66mil.

In a submitting with Bursa Malaysia, the oil palm plantation group stated the proposed disposal can be made by means of its 90%-owned subsidiary, PT Bulungan Citra Agro Persada (BCAP).

TSH Sources stated that in step with the proposed disposal, BCAP has entered right into a heads of settlement with PT Kawasan Industri Kalimantan Indonesia and PT Kalimantan Industrial Park Indonesia. — Bernama


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