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Har Len unit to sell land in Sabah for RM185m

KUALA LUMPUR: Har Len Corp Bhd’s wholly-owned unit Uniglobal Sdn Bhd has proposed to sell two parcels of plantation land in Lahad Datu, Sabah, to Boustead Rimba Nilai Sdn Bhd, a wholly-owned unit of Boustead Plantations Bhd, for RM184.59 million cash.

Boustead Plantations is a wholly-owned unit of Boustead Holdings Bhd.

Har Len said in a filing to Bursa Malaysia the disposal of the 2,409.8ha land would provide it with an opportunity to unlock the value of its plantation estates in Lahad Datu. — Bernama


This article first appeared in The Edge Financial Daily, on September 30, 2013.

 

 

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