Expansion mode: KLK says it continues to see strategic merit in synergising the operations of MP Evans from a geographical and capabilities perspective.
KUALA LUMPUR: Kuala Lumpur Kepong Bhd
(KLK) has sweetened its takeover offer for London-listed MP Evans Group Plc, which operates plantations in Indonesia and Malaysia, from 640 pence (RM34.41) to 740 pence (RM39.78).
However, MP Evans’ board, which received the latest proposal last Friday, announced that it was rejecting the improved offer and “strongly urged” its shareholders not to sell their shares.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
