KUALA LUMPUR: PPB Group Bhd shareholders yesterday approved the merger between Singapore-based Wilmar International Ltd and PPB subsidiary PPB Oil Palms Bhd (PPBOP) as well as the group’s edible oils, specialty fats, oleochemicals and trading businesses under PGEO Group Sdn Bhd and Kuok Oils & Grains Pte Ltd (KOG).
Executive chairman Datuk Oh Siew Nam told a media briefing after the 2½-hour EGM that the merger exercise and the de-listing of PPBOP from Bursa Malaysia were slated for completion by second quarter this year.