Live Breaking News & Updates on Generation Oil Sdn Bhd
Stay updated with breaking news from Generation oil sdn bhd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR: Next Generation Oil Sdn Bhd plans to develop 15,378.05 hectares of algae plantations in Malaysia at a development cost of US$38 billion (US$1=RM4.2030) over the next 12 years. ....
for RM233.4mil cash. Boustead told Bursa Malaysia today that the estimated gain from the disposal of the 6.6 acres of land was about RM54.1mil. The proposed disposal also allows Boustead to strengthen its liquidity and cash flow position by raising total net cash proceeds of approximately RM213.8mil (net of estimated expenses), which will be utilised for repayment of bank borrowings and working capital, it said. Meanwhile, in a separate announcement, Boustead said it has entered into a memorandum of understanding (MoU) with one of the largest commercial algae plantation owner and cultivator in the world - Next Generation Oil Sdn Bhd. ....