11:29 PM EST, 11/23/2021 (MT Newswires) -- Kencana Agri's (SGX:BNE) indirect subsidiaries, PT Alamraya Kencana Mas and PT Langgeng Nusa Makmur, have agreed to sell PT Karunia Alam Makmur to PT Central Cipta Murdaya for 78.50 billion Indonesian rupiahs ($5.5 million).
Karunia Alam Makmur owns a palm oil plantation in the Regency of North Morowali, Central Sulawesi, Indonesia. It is 99.97% owned by PT Alamraya Kencana Mas and PT Langgeng Nusa Makmur holds the rest of the ownership.
Central Cipta Murday is an independent third party based in Indonesia and operates in the palm oil industry.
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