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: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 11
FUNDAMENTALS
* Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports.
* U.S. soybean futures dropped nearly 2 percent on Thursday, the steepest slide since Nov. 26, reversing a week of gains due to a lack new purchases by China following trade talks with the United States.
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