Kuala Lumpur Kepong's audacious bid for UK's MP Evans Group

KLK CEO Tan Sri Lee Oi Hian(file pic) says stagnating yields are a major concern facing the plantation industry

PETALING JAYA: On the face of it, Kuala Lumpur Kepong Bhd’s (KLK) bold bid to take over UK-based plantation company MP Evans Group Plc seems like a well-calculated move.

The ringgit-to-British-pound exchange rate is currently at a three-year low, and institutional shareholders in MP Evans may likely agree to the deal. These are reasons citied for KLK’s takeover bid even though the company does not hold any shares in MP Evans.