Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations

Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations

Photo: Reuters

Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday.