<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 4): Sarawak Oil Palms Bhd (SOP) has disposed of its entire 45% equity interest in Micaline Sdn Bhd for RM985,000 as the anticipated returns from the investment is not up to its expectation.</p></div>

<div class=newsTextDataWrapInner><p>“The company decided that it is not feasible to continue the business,” SOP said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Micaline is a shipping agency that owns and operates an oil and chemical tanker and a motor tanker for the shipment of palm oil.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SOP said the disposal is not expected to have any material effect on its earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings for the financial year ending Dec 31, 2017.</p></div>

<div class=newsTextDataWrapInner><p>SOP’s share price closed down two sen or 0.56% at RM3.58 today for a market capitalisation of RM2.04 billion.</p></div>


KUALA LUMPUR (May 4): Sarawak Oil Palms Bhd (SOP) has disposed of its entire 45% equity interest in Micaline Sdn Bhd for RM985,000 as the anticipated returns from the investment is not up to its expectation.

“The company decided that it is not feasible to continue the business,” SOP sai...

Sarawak Oil Palms disposes of entire stake in shipping agency

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