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LOW-profile Greenyield Bhd recently made news when it proposed a related party transaction (RPT) that would see it fork out around RM88mil for more plantation land in far flung Papua New Guinea (PNG).
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.
Industronics, Asian Pac, DPI, GFM, Greenyield and Mega Sun City The Edge 4/3/2021 Syafiqah Salim © Provided by The Edge KUALA LUMPUR (March 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon break. One stock displayed positive momentum, while the remaining five stocks showed negative momentum. The stock with positive momentum was: Industronics Bhd — rose 13 sen to 60 sen The stocks with negative momentum were: Asian Pac Holdings Bhd — rose 1.5 sen to 16 sen DPI Holdings Bhd — rose three sen to 38 sen GFM Services Bhd — ...