First Resources acquires plantation for $162.9 mil

Samantha Chiew01-05

First Resources wins $162.9 million bid to acquire a 17,600 hectares plantation in Indonesia.First Resources announced that its indirect subsidiary, PT Karya Tama Bakti Mulia, has successfully bid for...

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It not only enhances its operational footprint in the plantation industry but also aligns with its commitment to sustainable and profitable growth.\nThe group anticipates that the integration of these assets will yield operational synergies and contribute positively to its overall performance, reinforcing the Company’s position in the market and enhancing shareholder value.\nThis acquisition was funded by internal resources and not expected to have any material impact on the group’s FY2023 ended Dec 31, 2023, financials.\nShares in First Resources Eb5 closed at $1.44 on Jan 5.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2401517182"}