More companies expected to streamline core, non-core businesses after KLK-IJM deal
FOLLOWING the completion of the acquisition of IJM Plantations Bhd by Kuala Lumpur Kepong Bhd
(KLK), the spotlight has been on that sector and whether more players will follow suit with similar deals.
Scarce land and strong crude palm oil (CPO) prices coupled with the effects of the pandemic on plantation companies, especially in relation to their labour resources, are said to be reasons why planters would seek to engage in mergers and acquisitions (M&As).
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