Genting Plantations’ Jakarta land acquisition raises net debt — Kenanga
Notably, Genting Plantations is acquiring 355 acres of land with Hak Guna Bangunan (with an initial tenure of up to 2028-2053, with extensions of 20 years + 30 years) in Sentul City, Bogor — a major satellite city of Greater Jakarta — for (Indonesian rupiah) IDR 2,052 billion (RM593 million).