The recent acquisition by Priceworth Berhad of an 81-year concession for timber logging & replanting rights in FMU 5, a forestry reserve in Trus Madi, Sabah is expected to lead to better earnings recovery and provide an ample supply of raw materiel for the company

As the group counters falling demand from China, it also faces stresses in its balance sheet where current liabilities exceed current assets by RM71m as at FY16. According to Richard Koo, Executive Director of Priceworth Bhd the acquisition will be a funded by a rights issue which will also help deleverage the company.  

The recent acquisition by Priceworth Berhad of an 81-year concession for timber logging &amp; replanting rights in FMU 5, a forestry reserve in Trus Madi, Sabah is expected to lead to better earnings recovery and provide an ample supply of raw materiel for the company As the group counters falling demand from China, it also faces stresses in its balance sheet where current liabilities exceed current assets by RM71m as at FY16. According to Richard Koo, Executive Director of Priceworth Bhd the acquisition will be a funded by a rights issue which will also help deleverage the company. &nbsp;

Instagram

Sharper and stronger than a double espresso. The Morning Run stretches your mind and braces you for the business day. It's your fast track into work where you can hit the ground running. From 6am to 10am weekdays, the Morning Run brings you the biggest stories and must-listen-to interviews. Stay enlightened, make educated business and investment decisions.

Advertisement