Japan's agritech company MYFARM Inc is investing RM210 million in PLS Plantations Bhd's large-scale durian cultivation project spanning over 1,000ha of land in Raub, Pahang. The investment marks the largest in durian plantations by a Japanese company.
KUALA LUMPUR, March 5 Japan’s agritech company MYFARM Inc will inject RM210 million into PLS Plantations Bhd’s large-scale durian cultivation project spanning over 1,000ha.
Here is a brief recap of some corporate announcements that made the news on Monday (Jan 16). They involved Revenue Group Bhd, PLS Plantations Bhd, Binasat Communications Bhd, Kejuruteraan Asastera Bhd, Suria Capital Holdings Bhd, Boustead Heavy Industries Corp Bhd, Wellspire Holdings Bhd, GIIB Holdings Bhd, Saudee Group Bhd and K Seng Seng Corp Bhd.
PLS Plantations Bhd's 51%-owned PLS LESB Sdn Bhd has signed a heads of agreement (HOA) with Millennium Agriculture Technology Sdn Bhd (MAT) and MYFARM Inc, Japan, whereby MAT will invest up to 49% stake in PLS LESB for RM181.8 million.
KUALA LUMPUR: PLS Plantations Bhd's 51%-owned unit PLS LESB Sdn Bhd has entered into a heads of agreement with Millennium Agriculture Technology Sdn Bhd (MAT) and its parent, MyFarm Inc Japan, for the proposed investment by MAT of up to 49% equity interet in a wholly-owned subsidiary of PLS LESB.