KLK disputes MP Evans valuation


KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) has disputed the asset valuation report presented by London-listed plantation firm MP Evans Group PLC as proof that its revised offer undervalues the latter and urges MP Evans shareholders to accept its offer “as soon as reasonably practicable”.

In a letter to MP Evans shareholders, which was also posted on Bursa Malaysia’s website yesterday, KLK said there was no certainty that the closing date of Dec 9 would be extended.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

   

Next In Business News

China set to keep lending benchmark LPRs unchanged in April
Gold rises as safe-haven appeal boosted by Israel's attack on Iran
MKH Oil Palm IPO oversubscribed by 8.4 times
Bank Negara adds four companies to Financial Consumer Alert list
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below US$60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm

Others Also Read