KUALA LUMPUR: CIMB Equities Research expressed surprise over Sime Darby’s decision not to acquire Kulim's 48.7% stake in New Britain Palm Oil Ltd (NBPOL) after its exclusivity agreement with Kulim expired on Sept 28, 2014.
It said on Wednesday Sime Darby had been keen to acquire NBPOL, which would allow the group to expand its planted area by 15% to 607,218ha.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
