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WTK has completed its strategic shift from timber to palm oil, ceasing timber operations and acquiring Desacorp, Imbok Enterprise, and WTK Oil Mill for RM555 million, nearly doubling its oil palm planted area to over 31,000 hectares.
This pivot to palm oil is actually quite smart because it gives them way more stability than the dying timber business. The move looks expensive but doubling the planted area should start showing real profits once those trees hit peak maturity.
