Previous close | 21.60 |
Open | 21.58 |
Bid | 21.86 x 0 |
Ask | 21.88 x 0 |
Day's range | 21.50 - 21.92 |
52-week range | 20.62 - 23.94 |
Volume | |
Avg. volume | 1,130,091 |
Market cap | 23.968B |
Beta (5Y monthly) | 0.28 |
PE ratio (TTM) | 38.35 |
EPS (TTM) | 0.57 |
Earnings date | 21 Aug 2024 - 26 Aug 2024 |
Forward dividend & yield | 0.60 (2.78%) |
Ex-dividend date | 05 Jul 2024 |
1y target est | 22.98 |
Malaysian palm oil producer Kuala Lumpur Kepong on Wednesday said a 1.15 billion ringgit ($243.18 million) deal for it to acquire a 33% stake in smaller rival Boustead Plantations has been terminated. KLK, as the company is known, said a condition to finalise the share acquisition will not be satisfied by the cut-off date of Oct. 6, but did not give further details. Boustead will return a deposit sum of 229.2 million ringgit to KLK as a result of the termination.
Malaysian palm oil producer Boustead Plantations said on Tuesday that a proposed collaboration with bigger rival Kuala Lumpur Kepong was pending a final decision between the two companies. A media report earlier in the day said that a 1.15 billion ringgit ($243.54 million) deal for a 33% stake in Boustead by Kuala Lumpur Kepong had fallen through. The cut-off date for finalising the deal is Oct. 6, according to Boustead.
Malaysian palm oil firm Kuala Lumpur Kepong Berhad said on Thursday it plans to buy a 33% stake in Boustead Plantations and eventually take over the smaller rival along with other top shareholders, in a deal valuing the company at 3.47 billion ringgit ($748 million). The stake purchase and the takeover proposal represent an offer price of 1.55 ringgit per share, a 13% premium to Boustead Plantations' closing price on Wednesday. KLK, as the company is known, will buy the 33% stake from conglomerate Boustead Holdings for 1.15 billion ringgit ($248 million), it said in a statement.