Ajinomoto dividend windfall from land acquired by Govt

Kaneko: ‘We aim to be the most trusted and beloved food company in Malaysia.’

KUALA LUMPUR: Ajinomoto (M) Bhd’s shareholders could be in for a windfall, as the company says it will distribute the “majority” of the money received for part of its land in Jalan Kuchai Lama that will be acquired by the Government for the construction of the Mass Rapid Transit Line 2 (MRT2) project.

On Nov 24, Ajinomoto received a notice of award from the Kuala Lumpur land administrator for the total compensation amounting to RM165.99mil in cash for 7.58 acres that houses one of its plants.