Nextgreen Global Berhad announce that Yuwang Plantation Sdn Bhd has emerged as a substantial shareholder with the acquisition of 55 million shares, equivalent to a 5.4% stake.
Established in 2002, Yuwang Plantation, a subsidiary of Yuwang Group, specialises in cultivation of oil palm estates and processing of fresh fruit bunches into crude palm oil and palm kernel. It manages approximately 65,000 acres oil palm estates, 20,000 acres of rubber estates and operates 8 palm oil mills.
NGGB managing director Dato' Lim Thiam Huat said, "We are delighted to welcome Yuwang Plantation as a substantial shareholder of NGGB. Its investment is a testament to our shared vision of a greener, more sustainable future. We look forward to work closely with Yuwang Plantation to advance our initiatives in green technology and sustainable development."