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Boustead Plantations plans RM750m land buy in Sabah

Mimi Sabreena 8:50:00 PM Informasi

KUALA LUMPUR (Aug 22): Boustead Plantations Bhd is planning to buy 42 parcels of plantation land in Sabah, which measure a collective 11,600ha, for RM750 million.

The group has issued a letter of intent (LoI) to the land owner — Pertama Land & Development Sdn Bhd — which has been accepted, for the proposed buy, the group said in an announcement today.

The plots are located in the districts of Labuk and Sugut. Following the acceptance of the LoI by Pertama Land & Development, it said a due diligence will be conducted within 30 days.

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