Net-Man......It looks like it is going to be one helluva announcement when the FASC/QL marriage information is finally released to the public....by FASC.
The other aspect to consider is this......since it was noted that the agreement is between FASC-Malaysia and QL Resources (the company as a whole), does this open the door up to projects beyond empty fruit bunches and into some of the other areas that QL is involved in?
"QL's oil palm plantation landbank totals 21,200ha, out of which 20,000ha are in Indonesia. Chia said the group is investing about RM25 million to put up biogas and biomass plants at its Sabah palm oil mill to turn waste into green energy.
To date, QL has planted 7,500ha on its east Kalimantan oil palm estates. It will spend US$15 million (RM47 million) to instal a mill there.
Despite the high capital expenditure allocated for the next two years, Chia has reassured shareholders that the group can, and will continue to, pay out 25-30 per cent of group profits as dividends."
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