KLK extends offer period for MP Evans shares

CIMB Equities Research expects Kuala Lumpur Kepong (KLK) to post stronger net profit in the fourth quarter.

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) has extended the offer period for MP Evans Group PLC shares to Dec 21 but presses on with its existing offer price despite having received valid acceptances representing only 12.9% of the London-listed plantation firm’s existing share capital as of the first closing date on Dec 9.

In a statement to London’s Alternative Investment Market on Friday, it said the next closing date would be 1pm (London time) on Dec 21 and there was no certainty the offer period would be extended again.