<article><p>Malaysian investment holding firm <a href="https://www.dealstreetasia.com/?s=Hap%20Seng Plantations Holdings"><strong>Hap Seng Plantations Holdings Bhd</strong></a> (HSPB) has proposed to acquire a 55 per cent stake in palm oil company <a href="https://www.dealstreetasia.com/?s=Kretam%20Holdings"><strong>Kretam Holdings Bhd</strong></a> for MYR1.18 billion ($300 million).</p></article>

Hap Seng plans to buy a 33.5% stake from Kretam CEO Freddy Lim Nyuk Sang and another 21.5% stake from Santraprise Sdn Bhd.

Malaysia: Hap Seng eyes majority stake in palm oil firm Kretam for $300m

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Malaysia: Hap Seng eyes majority stake in palm oil firm Kretam for $300m

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Editor’s take: The week that was – May 19 -24

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