Previous close | 22.92 |
Open | 23.00 |
Bid | 23.00 x 0 |
Ask | 23.04 x 0 |
Day's range | 22.90 - 23.04 |
52-week range | 20.62 - 23.94 |
Volume | |
Avg. volume | 898,798 |
Market cap | 25.217B |
Beta (5Y monthly) | 0.28 |
PE ratio (TTM) | 40.35 |
EPS (TTM) | 0.57 |
Earnings date | 22 May 2024 - 27 May 2024 |
Forward dividend & yield | 0.60 (2.61%) |
Ex-dividend date | 30 Jan 2024 |
1y target est | 23.33 |
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.