KLK completes purchase of IJM's stake in IJM Plantations

KUALA LUMPUR (Bernama) -- Kuala Lumpur Kepong Bhd (KLK) had completed the acquisition of 56.2% stake in IJM Plantations Bhd for a total cash consideration of RM1.53 billion.

In a filing with Bursa Malaysia today, KLK said following the completion of the acquisition, it is now holding 498.16 million shares, representing 56.57% equity interest, in IJM Plantations which has brought the plantation company to become a subsidiary of KLK.