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Tuesday, October 2, 2012$ f5 P% q0 |* P. o: c, w& A- ?- z
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Kuala Lumpur, Malaysia - Felda Global Ventures Holdings said that it has signed a memorandum of understanding with Myanmar-based firm Pho La Min Trading to develop rubber plantations and latex processing in Myanmar. The MOU cites plans to “scout for greenfield and brownfield opportunities for establishing rubber plantations, targeted to be about 30,000 hectares for the first phase,” according to the statement, which did not provide further details. The agreement is part of Felda Global’s drive to increase plantation area in Southeast Asia and Africa in the wake of its June $3.1 billion initial public offering |
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