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GCCP Resources inks agreement to buy palm oil grower in RTO deal

Singapore

CRUSHED limestone producer GCCP Resources has entered a non-binding Memorandum of Understanding (MoU) to fully acquire an Indonesian palm oil producer for S$220.3 million, resulting in a reverse takeover (RTO) of the Catalist-listed firm.

The target company is Arjuna Utama Sawit, which owns 53,000...

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