Kuala Terengganu, March 6 – TDM Bhd has entered into a Heads of Agreement (HOA) with Terengganu Incorporated Sdn Bhd (TI) to acquire a 42.64% stake in Ladang Rakyat Trengganu Sdn Bhd (Ladang Rakyat).
The proposed acquisition will increase TDM’s current shareholdings in Ladang Rakyat from 19.12% (held via its subsidiary) to 61.76%. Ladang Rakyat has a planted oil palm plantation area of 11,467 hectares (ha) in Terengganu with an average tree age profile of 9 years.
Kuala Lumpur, March 3 - Felda Global Ventures Holdings Bhd has established a bio dewatering plant and a bio polishing plant at its Sabah subsidiary, Pontian United Plantation Bhd.
According to a Bernama report, FGV group president and chief executive officer Datuk Zakaria Arshad said with the dewatering plant, PUPs Pontian Fico palm oil mill would be able to remove solids from its effluent.
Istanbul, March 2 – Malaysia Airports Holdings Bhd (Malaysia Airports), the owner of Istanbul Sabiha Gokcen International Airport (ISG), yesterday announced its plans for the future of the airport.
In the last decade, Malaysia Airports had successfully built its reputation as a world-class airport business. Now, as one of the world’s largest airport operator group in terms of passenger numbers, the company strives to become a global leader in creating airport cities.