SINGAPORE (Yosefardi) – Jaya Holdings Limited has on May 27, 2015 entered into a non-binding term sheet to acquire entire equity interest in Izzisen Global Pte Ltd.
Izzisen Global has 24 Indonesian plantation companies, which hold concessions to parcels of agricultural permits, and two timber management companies, which are engaged in the provision of services relating to timber and plantation concessions development.
Izzisen Global holds the concessions to 24 parcels of agricultural permits in Indonesia to be cultivated into crude palm oil plantations, located on Sulawesi Island, Indonesia and have a land permit area of approximately 263,000 hectares.