Muted impact expected from IOI paper pulp JV

PETALING JAYA: IOI Corp Bhd’s stake in the RM600mil joint-venture (JV) paper pulp plant in Pahang is expected to be diluted to 33.75% from the initial 45% with the entry of Xiamen C&D Corp in the project.

This means the impact of the project on IOI, from funding to its eventual after-tax contribution in the medium term, will be even more negligible, according to Kenanga Research.