KLK on merger and acquisition path


PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) will continue to look for merger and acquisition (M&A) targets in the plantation sector to grow its business.

After its unsuccessful RM2.3bil takeover bid of London-listed Indonesian planter MP Evans PLC, a source said KLK is still looking at new ventures with a short-term payback period to further improve its efficiency and productivity.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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

Bursa Malaysia introduces trading reminders in addition to UMA queries
Risk in data centre gold rush
Malaysia's air passenger traffic up 19.5% to 7.9 mln in April 2024
Metals, stocks surge as rate cut expectations firm
Red Lobster seeks bankruptcy protection with $100 mln in financing commitments
Investment banks upbeat on Malaysia's GDP outlook, ticks geopolitical risk as downside
MAA: Malaysia's new vehicle sales up 21% in April
Public Bank net profit dips 3.5% to RM1.65bil in 1Q
Tipping point of retirement village living
Malaysia trade up 12.1% to RM221.74bil, exports rebound 9.1% to RM114.72bil in April

Others Also Read