New Forests expands investment in Malaysia’s eucalyptus plantation

Eucalyptus trees. Photo: Pixabay

Agriculture and timberlands investor New Forests Asset Management has made an additional equity investment in Malaysia’s Acacia Forest Industries (AFI), which owns a eucalyptus plantation in Sabah, for an undisclosed amount.

The investment in AFI over the next five years will be made through New Forests’ Tropical Asia Forest Fund (TAFF) and comes nearly five years after the fund’s initial investment in the Hijauan Group, whose subsidiary Hijauan Bengkoka Plantations Sdn Bhd (HBP) is a joint shareholder of AFI.

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