Amid speculation that Boustead Plantations Berhad (KLSE:BPLANT)'s parent, Boustead Holdings Bhd, is considering various options to unlock the value of its plantation assets, the former plans to dispose of its low-yielding assets in Sarawak first, with sources saying there are already offers on the table. Boustead Plantations has two mills and oil palm estates totalling 10,285ha in Sarawak that are planted with mature palms, mostly over 20 years of age. In response to queries from The Edge, Boustead Plantations confirmed plans to sell its assets in Sarawak.

“We intend to dispose of our Sarawak estates. However, there is no interested party yet,” it says, adding that it has no intention of selling its other plantation assets, including those in Sabah.