KULIM (Malaysia) Bhd had accepted a conditional offer from Johor Corp (JCorp) to acquire 62.03% stake in Kumpulan Bertam
Plantations Bhd and 100% interest in EPA Management Sdn Bhd.
Kulim proposed to acquire the 62.03% interest in Kumpulan Bertam for RM13.186mil via RM6mil in cash and issuance of 3.124 million new Kulim shares to be issued at RM2.30 each, Affin Merchant Bank told the KLSE.
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