KLK-BPlant deal aborted

KLK and BPlant announced that the transacting parties have mutually agreed to terminate the deal, with immediate effect on Oct 4.

PETALING JAYA: After much speculation, the RM1.15bil takeover deal between Kuala Lumpur Kepong Bhd (KLK) and Boustead Plantations Bhd (BPlant) has been aborted.

It was announced yesterday that Boustead Holdings Bhd (BHB), the single largest shareholder of BPlant, is required to return the deposit of RM229.15mil to KLK as a result of the termination.