To date, the Disposal Consideration received by the Group for the Disposal totals Rp1,466.57 billion (equivalent to approximately RM441.44 million).
 
Pursuant to the above, the CSPA has come to an end and hence, the Disposal is deemed to be completed pursuant to the CSPA.
 
The Management views the termination of the said HGUs positively as 3,333 hectares out of the total 5,397.53 hectares of the said HGUs have already been planted with oil palms and are yielding an average of more than 22 metric tonnes per hectare. As at 31 March 2024, the weighted average age of the palms is approximately 12 years, which is relatively young and hence, augurs well for the Group’s FFB production and operating profit in the coming years.
 
This announcement is dated 8 August 2024.
Good or bad news?