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Reuters

Malaysia's KLK offers $372mn for majority stake in IJM Plantations
Markets

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

  • IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
  • The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.
Updated 09 Jun, 2021 06:19pm