Astral Asia's subsidiary Astral Chem has obtained exclusive iron ore mining rights on 40.47 hectares of land in Kuantan, Pahang, from another group entity. The rights agreement includes royalty-based compensation to the landowner and requires Astral Chem to cover all operational costs, regulatory approvals, and environmental compliance.

This intra-group arrangement aims to monetize land assets while diversifying the company’s operational capabilities. Astral Asia Plantation, as landowner, will hold the requisite mining licenses in compliance with Pahang state regulations. The transaction is expected to positively impact the group’s earnings and net assets.