Malaysian planters could consider mergers with Indonesian peers to reduce equity stakes in response to Indonesia's plan to restrict foreign ownership. - AFP
PETALING JAYA: Malaysian planters will be the biggest losers if Indonesia decides to restrict foreign ownership of plantation companies there to not more than 30% from the current 95%.
“The proposal will have the biggest impact on Malaysian-listed companies, as most of them have gone into Indonesia in a big way and are highly dependent on Indonesian operations for future growth,” UOB KayHian Research told clients in a report.
