KUALA LUMPUR (Aug 10): Boustead Plantations Bhd’s (BPB) subsidiary Boustead Agro Plantations Sdn Bhd has signed a document of understanding (DOU) — with Pertubuhan Peladang Kawasan Kuala Langat (PPKKL) — to venture into the sustainable and technology-driven commercial crop market. “This endeavour signifies BPB’s maiden effort in tapping into other sources of agricultural markets apart from its already established upstream oil palm plantation business. Chief executive officer Zainal Abidin Shariff said the company’s venture into the commercial crop business indicates its steadfastness in assisting the government to address the issue of food security in Malaysia. BPB is one of the most experienced and established upstream oil palm plantation companies in Malaysia. Its major shareholders are Boustead Holdings Bhd and Lembaga Tabung Angkatan Tentera.

Source: The Edge Markets August 10, 2022 22:36 UTC