CI goes for M&A boost

C.I. Holdings Bhd (CIH), a consumer edible oil company whose share price peaked to all-time high two days ago, is looking forward to higher earnings as it plans to double its monthly export volume in one to two years via its recent RM8.25mil purchase of a 60% stake in Palmtop Vegeoil Products Sdn Bhd.

Group managing director cum major shareholder Datuk Johari Abdul Ghani (pic) says the strategic advantage of acquiring Palmtop hinges on its under-utilised capacity with huge international market connections for consumer-packed edible oil but its growth is crimped by the lack of working capital.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , CI Holdings , palm oil , 28282


Next In Business News

New MABA building with a GDV of RM800mil
High expectations
Results on track
The global port race: Will Malaysia keep up?
Divergent views on economic prospects
Uplifting local agriculture
Addressing the ripple effect of higher wages
Identifying opportunities for 2024
India economy to exceed growth estimates
OCBC sues money laundering suspect for US$15mil

Others Also Read