Mediglove Sdn Bhd's wholly-owned subsidiary, Sanggau Holdings Pte Ltd, has entered into a joint-venture agreement with Palma Citra Investama Pte Ltd and PT Sawit Mandira to develop an oil palm plantation in Indonesia.
The joint venture would be undertaken by PT Surya Agro Palma.
Mediglove is a wholly-owned subsidiary of Genting Plantations Bhd.
Financing for the joint venture will be from internally-generated funds or external borrowings of Genting Plantations.
The joint venture is expected to be completed by Dec 31, 2012.
http://www.btimes.com.my/articles/20100205195229/Article/
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