PETALING JAYA: Plantation company Kuala Lumpur Kepong Bhd (KLK) is expected to launch a takeover bid of IJM Plantations Bhd (IJMP) after the shares of both companies were suspended from trading in the afternoon session of trading yesterday.
IJM Corp Bhd, which has a 56.2% stake in subsidiary IJMP, was also suspended from trading as it prepares to announce a corporate proposal involving IJMP.
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