KUALA LUMPUR (Jan 11): TAKASO RESOURCES BHD [], whose shares have been actively traded recently over a proposed timber concession, is set to seal an agreement with Kayumas PLANTATION [] Ltd on Thursday.
The agreement will enable Takaso to diversify and tap into Kayumas’ resources, including its concession and a timber licence. Kayumas also has the logging rights for 40,000 ha of timber in Papua New Guinea.
Takaso rose 0.5 sen to close at 25 sen on Wednesday. It was the most active with 83.56 million shares done.
On Tuesday, Takaso said it would need to carry out its own due diligence to verify information furnished by Kayumas so far including its concession and timber licence and rights to log 40,000 ha of timber in PNG.
The agreement will enable Takaso to diversify and tap into Kayumas’ resources, including its concession and a timber licence. Kayumas also has the logging rights for 40,000 ha of timber in Papua New Guinea.
Takaso rose 0.5 sen to close at 25 sen on Wednesday. It was the most active with 83.56 million shares done.
On Tuesday, Takaso said it would need to carry out its own due diligence to verify information furnished by Kayumas so far including its concession and timber licence and rights to log 40,000 ha of timber in PNG.
