Johor Corp, KWAP up stakes in Kulim

KUALA LUMPUR: Johor Corporation (JCorp) and Kumpulan Wang Persaraan (KWAP) have been raising their shareholdings in Kulim (Malaysia) Bhd due to the positive prospects seen from the sale of its stake in New Britain Palm Oil Ltd (NBOL) to Sime Darby Bhd.

In a filing to Bursa Malaysia on Monday, JCorp had bought 145,000 shares in Kulim on Oct 20, increasing its stake to 774.34 million shares or  59.8%.