MIDF Research said that the larger combined planted area for both companies would lead to better fresh fruit bunches production considering the combined total mature planted areas for KLK and IJMP is at 224, 985ha. (File pic shows an IJM Plantation.)
KUALA LUMPUR: Plantation giant Kuala Lumpur Kepong Bhd
(KLK) has offered to acquire IJM Corp Bhd’s 56.2% stake in IJM Plantations Bhd (IJMP) for RM1.534bil cash.
This offer, which valued IJMP at RM3.10 a share, is valid until tomorrow and would in turn value the entire IJMP company at RM2.73bil, based on its total share base.
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