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KUALA LUMPUR: Greenyield Bhd has proposed a deal, deemed as a related party transaction, to pay up to RM87.8mil for a 65% stake in Greenyield Rubber Holdings (M) Ltd or GRHM in Papua New Guinea (PNG).
KUALA LUMPUR: Greenyield Bhd has proposed to acquire 65 per cent equity interest in Greenyield Rubber Holdings (M) Ltd (GRHM) for RM87.8 million in a related party transaction, "subject to adjustments as set out in the share sale agreement.”
Under a proposed plan, Greenyield will acquire a 65% stake in Greenyield Rubber Holdings (M) Ltd (GRHM), which owns 15,313ha of rubber and coconut plantation lands inclusive of a crumb rubber factory in Papua New Guinea, for up to RM87.81 million.