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March 30, 2015 10:07 PM ET

Paper and Forest Products

Company Overview of Sabah Forest Industries Sdn Bhd

Company Overview

Sabah Forest Industries Sdn Bhd produces printing and writing papers. It also offers duplicating and uncoated woodfree papers. In addition, the company offers solid wood-related produces, such as rough and chemically treated sawntimber; and panel-based products, including dried veneer and raw plywood. Sabah Forest Industries exports its products to Iran, Syria, Yemen, South Africa, Jordan, and Saudi Arabia. The company was founded in 1988 and is based in Sipitang, Malaysia. As of March 16, 2007, Sabah Forest Industries Sdn Bhd operates as a subsidiary of Ballarpur Industries Ltd.

Kompleks SFI

No 10

Jalan Jeti

W.D.T. 31

Sipitang,  89859

Malaysia

Founded in 1988

Phone:

60 8 780 1018

Fax:

60 8 780 2263

Key Executives for Sabah Forest Industries Sdn Bhd

Chief Executive Officer
Executive Director
Compensation as of Fiscal Year 2014.

Sabah Forest Industries Sdn Bhd Key Developments

UNP Plywood Sdn Enters into Settlement Agreement with Sabah Forest Industries Sdn

The Board of Directors of the Dutaland Berhad announced that UNP Plywood Sdn Bhd (UNP) has on 6 February 2015 entered into a settlement agreement with Sabah Forest Industries Sdn Bhd (SFI) whereby the settlement agreement sets out UNP’s and SFI’s agreements to settle the UNP Suit and the appeal by SFI on the damages awarded by the Kota Kinabalu High Court on 11 September 2014. In accordance with the terms and conditions of the settlement agreement, SFI shall pay UNP a lump sum of MYR 85.0 million on or before 13 February 2015 as full and final settlement of the UNP Suit and the Appeal. The Board has deliberated on the settlement and is of the opinion that it is in the best interest of DutaLand Group to agree to the Settlement. This is in view that the settlement sum will be paid immediately in cash as opposed to continuing with the protracted legal process that has been ongoing since 1997. The settlement would save further costs and time hence allowing DutaLand Group to focus its resources on its businesses.

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