The management really need to provide further details on the...

The management really need to provide further details on the Share Purchase Agreement.

A couple interesting facts from the website:
- Nipah palm yields a sap with a sugar content of around 13% to 16%, the highest sugar content of all palm trees and also much higher than sugar cane.
- In South Kalimantan, around 2 million hectares of land are unused because of flooding.
- Nipah is the only productive palm tree crop which likes “wet feet”, and which tolerates salt water.

In a world where arable land is decreasing, food source from unused land sounds great!

Some would have thought palm oil industry was not a viable industry when alternative fruits and seeds can be used. In contrast, palm oil production is a thriving industry and is vital for Malaysian economy.

How about extracting essential oil from sandalwood? That would be a laughing matter...?
Absolutely not when you look at ASX listed TFC. It is making profit and is valued at more than 500m.
http://www.tfsltd.com.au/



If the Share Purchase Agreement is successfully concluded, I don't think there is nothing to lose even though there is a consolidation of the shares.

As per the announcement, the existing operations will be financially supported by the acquired business.
I am going to keep this one on my watch list and looking forward to see more details.