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KUALA LUMPUR: Malaysian billionaire T. Ananda Krishnan's Usaha Tegas Sdn aims to invest in India's KSK Energy Ventures Ltd, according to two people familiar with the matter.
SINGAPORE: Singapore's Wilmar International, the world's largest listed palm oil firm, said on yesterday it was keen to grow its sugar business by setting up operations in Indonesia and Brazil.
PETALING JAYA: The Sugar King has gone global. Months after Tan Sri Robert Kuok-controlled PPB Group Bhd sold its entire local sugar operations to Felda, the billionaire once dubbed the Sugar King of Malaysia acquired Sydney-based CSR Ltd's sugar business for A$1.75bil (RM4.73bil). The deal gives Singapore-listed Wilmar International Ltd control over half of Australia's raw sugar output.