KUALA LUMPUR (Feb 6): Plantation company Matang Bhd (KL:MATANG) said on Friday its unit is expanding its durian plantation footprint through the acquisition of 10 adjacent parcels of agricultural land in Tangkak, Johor, for RM18.2 million in cash. Upon completion, Matang’s total plantation land bank will increase to 1,170.02 hectares from 1,150.38 hectares, representing an addition of 19.64 hectares, or about 1.71%. The land parcels are planted with durian varieties including Musang King, Black Thorn, IOI and Kampung, with trees ranging from one to nine years. Matang said the acquisition price of RM18.2 million represents a premium of RM196,042.48, or 1.09%, over the independent market valuation of RM18 million. Currently, the group operates about 121.03 hectares of durian plantations across its Segamat and Yong Peng estates, accounting for approximately 10.7% of its total plantation land allocation.

Source: The Edge Markets February 06, 2026 11:06 UTC