In August, IJM Corp Bhd had secured its shareholders’ approval to dispose of the entire 56.2% stake in IJMP to KLK for RM1.53bil cash.(File pic shows an IJMP oil palm plantation.)
PETALING JAYA: The mandatory general offer by Kuala Lumpur Kepong Bhd
(KLK) to acquire all the remaining ordinary shares in IJM Plantations Bhd (IJMP) has been extended from 5pm on Oct 11 to 5pm on Oct 25.
On Thursday, RHB Investment Bank announced via Bursa Malaysia, about the extension of the closing time and date for the acceptance of the offer. The total shares held by KLK and parties acting in concert as at Oct 7 was 595.55 million shares or a 67.63% stake.
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