The board and management of Cirro Capital Limited has unanimously agreed to the investment of USD 5,000,000 towards the procurement of 40% of shareholdings of a Malaysian Plantation.

The plantation covers a total of 2.034 hectares of land, and is currently operational. The plantation produces a total of 7,868 metric tonnes of Palm Oil and 1,386 metric tonnes of Palm Kernel Oil per annum.

Cirro Capital shall be entitled to 40% of the net profits per quarter, as long as the plantation remains operational.

The board intends to hold these shareholdings for a period of approximately 5 years, and exit the investment as demand of CPO reaches new heights due to the increasing need of biodiesel for the Belt and Road Initiative.