Jakarta (ANTARA News/Asia Pulse) - PT Inti Kapuas Arowana said it has set aside US$120 million to acquire more oil palm plantations.
Earlier Inti Kapuas signed an agreement for the acquisition of the palm plantations of PT Dendymarker Indahlestari and PT Anam Koto at a price of US$80 million from Malaysia's Boustead Estates Agency.
Corporate secretary Veronica Dini Krissanti said after a shareholders' meeting yesterday part of the fund will also be used to expand the land bank for the future expansion of oil palm plantations.
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