October 22, 2018
Thursday 18th October, 2018 – Port Moresby: Kumul Agriculture Limited (KAL), a state-owned enterprise under Kumul Consolidated Holdings, now has 20% interest in the joint venture company Central Dairy Limited – local manufacturers of Ilimo Milk.
This comes after the Governor General of Papua New Guinea, Sir Bob Dadae, executed on behalf of the State a deed-of-novation agreement transferring the Government’s equity component of K10 million (US$3 million) to KAL.
The agreement gives KAL full powers to administer the State’s benefits, claims, interests, liabilities, obligations and rights in the project.
Shareholders include Innovative Agro Industry (50%), the Central Provincial Government (30%) and KAL (20%).
KCH invites Expressions of Interest for Land lease for solar farm near Kokopo, East New Britain
Kumul Consolidated Holdings, in collaboration with PNG Power Ltd (PPL), is seeking Expressions of Interest (EoI) from owners of suitable alienated land to enter into a lease agreement with a future independent power producer under which the land will be used for the installation and operation of a solar farm.
INFORMATION MEMORANDUM FOR PARTIAL PRIVATISATION OF TELIKOM LIMITED
Acting Managing Director of Kumul Consolidated Holdings (KCH) David Kavanamur, presented Chief Executive Officer of Nasfund, Ian Tarutia and his Investment Team with the Information Memorandum for the partial privatisation of Telikom Limited.
KCH announces independent Whistleblower reporting facility
Kumul Consolidated Holdings (KCH) Chairman Peter Aitsi and Chair of the KCH Audit & Risk Committee James Gore today announced that their Board had endorsed a Whistleblower Policy.