IJM Corp Bhd Founder in RM71 million lowland greenhouse farming venture in Perak.

THIS  is indeed a rarity, a Malaysian public listed company in a RM71 million  bet on vertical farming in Perak, with an expected return of about RM200 million a year.

NORMALLY,  i would dismiss such venture, as one of those deals inspired by Hong Seng Consolidated's deals that are only good at pushing the share price up , with almost no return from the business it self.

BUT,  considering the personality involved is the casino loving but thrifty Goh Nan Kioh, people should have a look at  what his Mega First Corp Bhd is up to when it comes to vertical farming.

FOR those who are not familiar with Mega First Corp, the company READ : was named as the Edge Billion Ringgit Company for 2023.

IN a briefing held  just couple of weeks ago,I notice Mega First Corp has become one of the first public listed companies to talk about food security, with an emphasis on farming (excluding palm oil and poultry breeding).

PUBLIC Research has the details. READ: Mega First Corp investing in platform that owns 1,300-acre fruit and vegetable farms and distribution channels in Johor and Pahang, plus has greenhouse farming plans for herbs, vegetables and fruits on 400 acres of lowland in Perak.