Malaysia’s Astral Asia Bhd (AASB.KL: Quote, Profile, Research) has terminated a memorandum of understanding with two other companies to jointly cultivate 170,000 acres (68,000 hectares) of oil palm plantations in southern Myanmar, Astral said on Friday.

The agreement was signed with Myanmar Combiz Services Co Ltd and Green Futue Co. Ltd, it said. (Reporting by Jalil Hamid; Editing by Clarence Fernandez)