PETALING JAYA: TDM Bhd has paid RM1.13 million to Lembaga Tabung Amanah Warisan Negeri Terengganu (LTAWNT) through a profit-sharing arrangement arising from their long-running oil palm plantation joint venture in Kemaman.
The payment of RM1,133,669 is for the financial year ended Dec 31, 2025, and reflects returns generated from the joint venture at Air Puteh Estate, Mukim Tebak, which has been operating since 1996.
The project involves the management of 1,336 hectares of land owned by LTAWNT and is managed by TDM Plantation Sdn Bhd, the plantation arm of TDM.
The mock cheque was presented by TDM group CEO Najman Kamaruddin to LTAWNT secretary Nor Azam A. Rahman at a ceremony held at Wisma Darul Iman, witnessed by Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar.
