TDM selling stakes in Indonesian units

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PETALING JAYA: TDM Bhd is disposing of its entire stake in two loss-making Indonesian subsidiaries – PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezki Abadi (SRA) – to Ikhasas CPO Sdn Bhd for RM115mil.

Ikhasas CPO is involved in the palm oil business and trading and exporting of palm products.

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