Sweet deal in the making for MSM's Prai sugar refinery with 15-year lease
BUTTERWORTH: The lease of the land that houses MSM Malaysia Holdings Bhd’s (MSM) sugar refinery in Prai will continue for another 15 years, following the development of Kampung Manis.
The lease for MSM Malaysia Holdings Bhd's sugar refinery in Prai will be extended for 15 more years, according to Datuk Azhar Ahmad, the CEO of Railway Asset Corporation (RAC). The refinery, which is not part of the Kampung Manis development project, will continue to operate on land owned by RAC. The lease agreement for the refinery will be formalized between the relevant parties for a period of 15 years.
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