Hap Seng Plantations
PETALING JAYA: Hap Seng Plantations Holdings Bhd
is proposing to acquire a controlling stake in Kretam Holdings Bhd via two corporate exercises valued at a combined RM1.18bil.
Under the exercises, Hap Seng Plantations will increase its landbank and venture downstream into the edible oil and biodiesel segment, while Kretam will be able to resolve its longstanding shareholder spread issue.
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