Deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin said the improved results is testament that the company
PETALING JAYA: Boustead Plantations Bhd
(BPB), as part of its ongoing exercise to unlock value, has entered into a conditional share sale agreement with Permodalan Darul Ta’zim Sdn Bhd (PDT) for the proposed disposal of BPB’s 76.1% equity interest in Boustead Sedili Sdn Bhd for a total cash consideration of RM60mil.
Upon completion, BPB is expected to realise a total estimated net gain on disposal of RM31.5mil, which translates into a gain of about 2 sen per BPB share.
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