NPC Resources Berhad has announced that its subsidiaries received from Tamaco Plantation Sdn Bhd their acceptance of the Letters of Offer to separate land parcels in Sabah for a collective amount of RM164 million.
The above said land include 6 parcels of palm oil agriculture lands measuring in total 251.324 acres more or less situated respectively in the District of Labuk & Sugut, State of Sabah for a sale consideration of RM5,529,128.00. A second plot of 3 parcel of palm oil agriculture lands measuring in total 4,954.00 acres more or less situated in the District of Labuk & Sugut,
State of Sabah held by BISB, at a sale consideration of RM108,988,000.00. And land measuring in total 2,299.75 acres more or less situated in the same district at a sale consideration of RM50,594,500.00.
Subject to all terms being mutually agreed between the parties, the receipt of Earnest Deposit by the Vendors, the parties shall proceed with the execution of the SPAs within thirty days from the date of acceptance of the Offer(s), or any such extended period to be mutually agreed by the partie
