If the takeover bid materialises, KLK’s oil palm planted area size would expand by more than a quarter and increase its production capacity, while IJM Corp would be able to monetise its plantation asset at a higher valuation amid the crude palm oil (CPO) upcycle.(File pic shows a KLK oil palm plantation)
PETALING JAYA: The RM1.5bil proposal by Kuala Lumpur Kepong Bhd
(KLK) to acquire IJM Corp Bhd’s plantation division is a win-win deal for both parties.
If the takeover bid materialises, KLK’s oil palm planted area size would expand by more than a quarter and increase its production capacity, while IJM Corp would be able to monetise its plantation asset at a higher valuation amid the crude palm oil (CPO) upcycle.
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