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Disposal of Kulim’s Oil Palm Plantation Business in Indonesia

Kulim (Malaysia) Berhad (KULIM) is pleased to announce that we had on 6 July 2023 disposed of our entire equity interest in PT Tempirai Palm Resources and PT Rambang Agro Jaya to PT Bakung Starch Lestari. The disposal…

Source: Kulim (Malaysia) Berhad · August 6, 2026 at 3:49 AM · AI-assisted report

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Disposal of Kulim’s Oil Palm Plantation Business in Indonesia
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Image: kulim.com.my

MALAYSIA, 6 AUGUST 2026 —

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Kulim (Malaysia) Berhad has disposed of its entire equity interest in PT Tempirai Palm Resources and PT Rambang Agro Jaya to PT Bakung Starch Lestari, effective July 6, 2023. The disposal is part of the company's transformation agenda and long-term strategy. Details of the transaction were announced on October 1, 2023.

The disposal of Kulim's oil palm plantation business in Indonesia is significant for Malaysia as it reflects the company's strategic shift. Kulim (Malaysia) Berhad is a major player in the Malaysian economy, and its business decisions can have implications for the country's agricultural and industrial sectors. The move may allow Kulim to focus on its core operations in Malaysia, potentially impacting the local oil palm industry.

Related: Kulim (Malaysia) Berhad · Malaysia

Reporting based on Kulim (Malaysia) Berhad. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.

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