1/9/06 (The Edge Daily) - TSH Resources Bhd is forming an alliance with Wilmar Edible Oils Sdn Bhd (WEO) to undertake a palm oil refinery and kernel crushing plant project and the operation of co-generation plant and electricity and steam project.

Towards those ends, TSH said yesterday it was selling a 50% stake in each of its wholly owned subsidiaries TSH-Wilmar Sdn Bhd and Bio Fuel Asia Sdn Bhd to WEO at undisclosed sums.