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Article: BLD to buy 49pc of Wawasan
- Article from:
- New Straits Times
- Article date:
- July 13, 2006
- Author:
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Zuraimi Abdullah
New Straits Times
07-13-2006
BLD to buy 49pc of Wawasan
Byline: Zuraimi Abdullah
Edition: Main/Lifestyle
Type: Company
BURSA Malaysia main board-listed BLD Plantation Bhd will buy a 49 per cent stake in palm oil plantation Wawasan Sedar Sdn Bhd for RM261.56 million.
BLD said the acquisition represented an expansion programme of its existing business and to enhance group earnings profile in the long term.
"Wawasan estates are located 30km from our existing estates. Due to the proximity of these two companies and with the modern infrastructure, BLD Group is expected to realise cost savings from improved coordination of resources," the company told Bursa Malaysia yesterday.
BLD ...