Plantations

KLK to buy 95% of Indonesian palm oil company

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) has agreed to buy a 95% stake in an Indonesian oil palm company with plantations in East Kalimantan for about RM300mil.

The proposed acquisition represents an opportunity for the group to acquire a company with brownfield oil palm plantations, KLK told Bursa Malaysia yesterday.

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Business , KLK , Kuala Lumpur Kepong , Indonesian , palm oil , plantations , Putra Bongan Jaya ,

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