In a filing with Bursa Malaysia, IJM said pursuant to the agreement, IPS and the individual shareholder would own 20% and 5% stakes in PT PSS respectively, while KLKPH would own a majority of 75%.
KUALA LUMPUR: Malaysian palm oil futures rose on the back of a weaker ringgit in its early session on Wednesday, but pared gains in the second half of trade as strength in related edible oils eased.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.04 percent at 2,363 ringgit ($600.81) a tonne at the close of trade, its first gain in seven days.
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