High demand: Among the suitors eyeing IJM Plantations, which has 61,000ha of planted area in Sabah, Kalimantan and Sumatra, are plantation groups such as IOI and Hap Seng Plantations.
PETALING JAYA: IJM Plantations Bhd (IJMP) has emerged as a takeover target as demand picks up for mature plantations in Sabah.
It is learnt that there is renewed demand for brown-field plantations in Sabah and prospective parties feel that the current environment is right given the low price of crude palm oil (CPO).
Already a subscriber? Log in.
Subscribe now and receive free sooka plan for 1 month. T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
