PETALING JAYA: In a surprising move, Kulim (M) Bhd said it was buying RM700mil worth of oil palm estates and mills from its parent, Johor Corp (JCorp) a deal partly aimed at helping the latter solve its huge impending debt obligations.
Kulim also launched a general offer for the remaining shares in its subsidiary Sindora Bhd at RM3 a share, which would cost Kulim around RM65mil.
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