Plantation firm Kulim Malaysia top shareholder wants to take firm private in $513m deal

Plantation firm Kulim Malaysia top shareholder wants to take firm private in $513m deal

Visual from Kulim website

Malaysian oil palm plantation firm Kulim Malaysia Bhd said on Thursday its largest shareholder Johor Corp was proposing to take it private via a selective capital reduction and repayment (SCR) of 4.10 ringgit per share, worth about 2.2 billion ringgit ($513 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter