MD2 Progressive

As at to-date, DSTE Capital LTD. has via a collaboration with MD2 Jaya Bina Sdn Bhd (Company No.: 1339117-U) commenced MD2 pineapple plantations within the state of Kedah. This pilot project has been and will be continuously and progressively carried out in 57.94118 acres in Daerah Kuala Muda and 34.91 acres Daerah Semeling both within Mukim Gurun and another 11.48 acres in Daerah Pendang, Mukim Ayer Puteh with total approximately 104 acres for the first phase MD2 plantations.

MD2 Jaya Bina Sdn Bhd is a company that possesses vast experiences, knowledge and technical skills in pineapple plantations. In order to enhance and boost the productivity of the MD2 plantations, MD2 Jaya Bina Sdn Bhd has also entered into a collaboration with a prestigious agricultural nursery and plantation expert known as Liman Plantations Sdn Bhd (Company No.: 740271-V) to conduct the actual operational plantation works. DSTE Capital Ltd hopes that with the joint venture with MD2 Jaya Bina Sdn Bhd and the assistance of Liman Plantations Sdn Bhd, the MD2 plantations could achieve a higher and rapid production.

Presently, the total operational cost to conduct the MD2 plantations on the 104 acres is estimated to be Ringgit Malaysia Eight Million Three Hundred Twenty Thousand (RM8,320,000.00). DSTE Capital Ltd estimates the total project value for this first phase pilot MD2 plantations on these 104 acres to be Ringgit Malaysia Thirty-One Million Two Hundred Thousand (RM31,200,000.00).

DSTE Capital LTD. further forecasts that with the aid of smart farming technology, one acre of land could produce approximately twenty thousand (20,000) MD2 pineapples and the harvest of the first phase MD2 plantations could be conducted on or before the end of 2020.

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