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Boustead Plantations Shares Jump on KLK's Proposed Stake Acquisition

Por: MarketWatch Business August 25, 2023

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Trading in the stock was suspended Thursday before the announcement. Kuala Lumpur Kepong on Thursday proposed to acquire a 33% stake in Boustead Plantations from parent Boustead Holdings for cash consideration of MYR1.15 billion ($247.6 million), or MYR1.55 a share. Kuala Lumpur Kepong, Boustead Holdings and the Malaysia Armed Forces Fund Board will be the top three shareholders of Boustead Plantations following the transaction. They will extend... + full article



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