SINGAPORE/KUALA LUMPUR: Malaysian palm oil firm Kuala Lumpur Kepong is buying a stake of more than 30% in smaller peer Boustead Plantations
from conglomerate Boustead Holdings, local media The Edge and New Straits Times reported on Thursday.
Shares of Boustead Plantations, which has a market capitalisation of 3 billion ringgit ($646.27 million), were suspended from trading on Thursday pending an announcement.
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