Further to the announcement made at the annual general meeting on 9 June 2017 and in line with the Group's strategy set out in its 2016 annual report, the board is pleased to announce that Sungkai Holdings Limited, a subsidiary of MPE, has signed a sale-and-purchase agreement to acquire Sunrich Plantations Pte Ltd (“Sunrich”), which owns 95% of an Indonesian company, PT Bumi Mas Agro (“BMA”), which in turn owns an oil-palm plantation in Indonesia. The land is located north east of Bontang in East Kalimantan and, including an associated smallholder co-operative, covers some 10,000 hectares. The contract is subject to the completion of regulatory formalities in Indonesia….