KUALA LUMPUR: Priceworth International Bhd shares and warrants rose in early trade on Tuesday, June 7 after it signed two agreements to carry logging activities in the Solomon Islands.
At 9.10am, Priceworth shares and warrants rose two sen respectively to 54.5 sen and 27 sen, respectively.
In a filing Monday, June 6, Priceworth said its wholly owned unit PWP (SI) Ltd had entered into two management and TECHNOLOGY [] agreements with DP Development Ltd to carry out the logging activities on two concession areas.
It said PWP was appointed as the operator to carry out the logging operations on the concession areas with a combined land size of 8,346 hectares, and that PWP would jointly market the logs with DP Development.
Priceworth said PWP would receive 57% of the export/sale proceeds as the cost of production of logs.
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At 9.10am, Priceworth shares and warrants rose two sen respectively to 54.5 sen and 27 sen, respectively.
In a filing Monday, June 6, Priceworth said its wholly owned unit PWP (SI) Ltd had entered into two management and TECHNOLOGY [] agreements with DP Development Ltd to carry out the logging activities on two concession areas.
It said PWP was appointed as the operator to carry out the logging operations on the concession areas with a combined land size of 8,346 hectares, and that PWP would jointly market the logs with DP Development.
Priceworth said PWP would receive 57% of the export/sale proceeds as the cost of production of logs.
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