Buys another Indonesian company. IJMP has entered into a conditional S&P agreement to acquire a 90% stake in PT Indonesia Plantation Synergy (IPS) for a total cash consideration of Rp900m (approximately RM318,000). IPS has the plantation permit (Izin Usaha Perkebunan) to develop a land of approximately 7,000 ha in Sanggata, Kutai Timur, East Kalimantan. Part of the land is within the Izin Lokasi granted previously to another of IJMP’s subsidiaries, PT Zarhasih Kaltim Perkasa (PTZKP), which has 10,000ha of land.
IJM Plantations Berhad : Buys More Land in Indonesia - 04/08/2010
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