Wijaya Baru Global Bhd will acquire Suffolk Pte Ltd and Wealth Gate Pte Ltd for RM255.2 million, which represents a discount of 1.2 per cent or RM3.1 million, to 90 per cent of the total market value of the properties valued at about RM258.3 million.
In October, the company said it was buying the two companies with rights to extract timber in Papua Province in Indonesia.
The market value has been revised downwards to RM287 million as a result of an update in the rate of extractable timber within the said properties, it said in a filing to Bursa Malaysia today. -- Bernama
In October, the company said it was buying the two companies with rights to extract timber in Papua Province in Indonesia.
The market value has been revised downwards to RM287 million as a result of an update in the rate of extractable timber within the said properties, it said in a filing to Bursa Malaysia today. -- Bernama
