Boustead Plantations shares flat on proposed land sale
25 Jan 2018 / 12:08 H.
PETALING JAYA: Boustead Plantations Bhd's (BPB) share price was flat at RM1.67 this morning, after it proposed to sell three pieces of its plantation land in Penang measuring a total 138.89ha for RM136.04 million.
As at 11.07 am, the counter stood at RM1.67 with 251,600 shares changing hands. BPB has a market capitalisation of RM2.67 billion.
Upon completion of the proposed sale, BPB is expected to realise an estimated net gain of about RM115.9 million, which translates into a gain of about 7 sen per BPB share.