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Malaysia's Felda Global buys palm oil land in east Malaysia for $174 mln
June 8, 2015 / 11:58 AM / 3 years ago

Malaysia's Felda Global buys palm oil land in east Malaysia for $174 mln

KUALA LUMPUR, June 8 (Reuters) - Malaysia’s Felda Global Ventures Holdings, the world’s third-largest palm plantation operator, said on Monday it had bought 836 hectares of land with mature palm trees in east Malaysia from Golden Land Bhd for 655 million ringgit ($173.92 million).

The acquisition follows the company’s long-term plan to expand its land bank in Malaysia and Indonesia, it said in an announcement to the stock exchange.

For the full announcement:

bit.ly/1dqaCD9

$1 = 3.7660 ringgit Reporting By Al-Zaquan Amer Hamzah, editing by David Evans

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