Timber and forest management company Priceworth International Bhd has begun harvesting operations in its Forest Management Unit 5 (FMU5) in Sabah via its subsidiary Sinora Sdn Bhd, following the completion of infrastructure and construction works there.
The rights to manage, replant, and harvest FMU5 under a 100-year licence were acquired via Priceworth's Singaporean subsidiary, GSR Pte Ltd, for RM260 million in October last year.
Stock: [MAXLAND]: MAXLAND BERHAD
2017-09-07 07:57 | Report Abuse
Timber and forest management company Priceworth International Bhd has begun harvesting operations in its Forest Management Unit 5 (FMU5) in Sabah via its subsidiary Sinora Sdn Bhd, following the completion of infrastructure and construction works there.
The rights to manage, replant, and harvest FMU5 under a 100-year licence were acquired via Priceworth's Singaporean subsidiary, GSR Pte Ltd, for RM260 million in October last year.